COOKPAD (2193) AI Stock Analysis

COOKPAD

(TSE/TYO:2193)

Select Model

Rating:59Neutral

Price Target:JPY 130.00▲(7.44% Upside)

Action:reiterated

Date:08/10/26

COOKPAD's overall score of 59 indicates a neutral to slightly positive outlook with notable risks. The company's strong balance sheet provides a solid foundation, but persistent revenue declines and a high P/E ratio raise concerns. Recent technical improvement suggests short-term momentum, but the stock remains below long-term moving averages. Investors should monitor the company's ability to stabilize revenue and improve profitability.

Positive Factors

Conservative balance sheetLow leverage and a sizable equity base materially reduce refinancing and solvency risk, giving management flexibility to invest in product, marketing, or M&A without pressing liquidity constraints. Over months, this supports resilience through revenue cycles and funds strategic initiatives.

Negative Factors

Multi-year revenue declineSustained top-line contraction erodes the base that high margins rely on, compresses growth optionality for subscriptions and ad monetization, and raises the bar for management to restore secular user engagement. Without revenue stabilization, margin and cash improvements may be fragile.

COOKPAD (2193) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 70.68M
Dividend Yield: ―
Average Volume (3M): 295.55K
Price to Earnings (P/E): 7.2
Beta (1Y): 0.04
Revenue Growth: -8.20%
EPS Growth: 125.15%
Country: Japan
Employees: 101
Sector: Communication Services
Sector Strength: 60
Industry: Internet Content & Information

COOKPAD Business Overview & Revenue Model

Company Description

Cookpad Inc. manages a global online community where users can exchange culinary concepts and advice. Additionally, the company is involved in Cookpad Mart and television ventures. Originally established as Coin Ltd., the organization rebranded as Co...

How the Company Makes Money

Cookpad primarily monetizes its recipe platform through (1) subscription revenue and (2) advertising-related revenue. Subscriptions typically come from users who pay for premium features that enhance the recipe and cooking experience (for example, ac...

COOKPAD Financial Statement Overview

Summary

COOKPAD's financial health is mixed. The balance sheet is strong with minimal debt (debt-to-equity 0.08) and substantial equity, providing a safety net. However, revenue has declined for six consecutive years, operating profit dropped 64%, and cash flow contracted significantly. The score balances these factors, reflecting moderate overall financial strength due to the solid balance sheet offsetting weak income trends.

Income Statement

40Negative

Balance Sheet

85Very Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.12B	5.34B	5.88B	7.61B	9.09B	10.00B
Gross Profit	4.81B	5.00B	5.47B	6.97B	8.36B	9.05B
EBITDA	350.00M	509.12M	1.03B	-2.50B	-3.28B	-2.16B
Net Income	1.23B	741.44M	1.33B	-2.23B	-3.49B	-2.38B
Balance Sheet
Total Assets	14.39B	14.10B	15.26B	14.65B	20.16B	23.87B
Cash, Cash Equivalents and Short-Term Investments	6.25B	5.89B	12.08B	12.02B	16.82B	20.41B
Total Debt	536.74M	1.07B	837.28M	284.15M	1.14B	1.23B
Total Liabilities	1.11B	1.21B	1.64B	921.18M	2.41B	2.24B
Stockholders Equity	13.28B	12.90B	13.62B	13.73B	17.75B	21.03B
Cash Flow
Free Cash Flow	0	559.05M	1.33B	-2.19B	-2.76B	-1.95B
Operating Cash Flow	0	577.54M	1.52B	-2.16B	-2.70B	-1.77B
Investing Cash Flow	0	-4.93B	192.60M	-531.91M	-261.96M	-336.39M
Financing Cash Flow	0	-1.94B	-2.34B	-3.08B	-976.49M	-1.09B

COOKPAD Peers Comparison

Overall Rating

UnderperformOutperform

Sector (60)

Financial Indicators

JP:2193 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:2371	79Outperform	JPY 731.89B	39.88	29.50%	1.25%	18.37%	-8.77%
JP:5243	65Neutral	JPY 55.34B	44.33	―	―	32.22%	312.16%
Sector *	60Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
JP:2193	59Neutral	JPY 8.83B	7.20	9.61%	―	-8.20%	125.15%
JP:2454	51Neutral	JPY 4.38B	-8.46	―	0.31%	-8.10%	-833.44%
JP:7356	51Neutral	JPY 1.77B	23.21	―	―	-6.14%	525.38%
JP:3930	44Neutral	JPY 2.34B	-2.26	―	―	-3.89%	-527.75%

* Communication Services Sector Average

Performance Comparison

JP:2193 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:2193	COOKPAD	121.00	-44.00	-26.67%
JP:2371	Kakakucom	3722.00	1000.37	36.76%
JP:2454	All About, Inc.	318.00	-68.96	-17.82%
JP:3930	Hatena Co., Ltd.	751.00	-209.00	-21.77%
JP:5243	note inc.	2944.00	1672.00	131.45%
JP:7356	Retty Inc.	113.00	-54.00	-32.34%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 09, 2026

COOKPAD AI Stock Analysis