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COOKPAD (2193) AI Stock Analysis

JP:2193

COOKPAD

(TSE/TYO:2193)

Select Model
Rating:61Neutral
Price Target:JPY 131.00â–²(8.26% Upside)
Action:reiterated
Date:08/09/26

The overall score of 61 reflects a mixed investment profile. The company's most significant strength is its financial stabilization, marked by returning profitability, high-quality earnings, and a fortress balance sheet with nearly zero debt. Short-term technicals also show promising upward momentum. However, long-term investors face notable risks: the stock trades at an expensive valuation (P/E of 44.69) without offering a dividend, and the underlying business is still struggling with a persistent decline in revenue that keeps the stock below its long-term moving averages.

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)

-40%-30%-20%-10%0%10%20%30%JP:2193-25.15%EWJ+17.00%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 70.68M
Dividend Yield
―
Average Volume (3M)
292.91K
Price to Earnings (P/E)
7.3
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

The financial score reflects strong operational restructuring. The company boasts a pristine balance sheet with minimal debt and has returned to profitability with excellent gross margins (over 93%) and positive cash flow. However, the score is capped by a persistent year-over-year decline in total revenue.

Income Statement

62Positive

Balance Sheet

78Positive

Cash Flow

70Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue5.12B5.34B5.88B7.61B9.09B10.00B
Gross Profit4.81B5.00B5.47B6.97B8.36B9.05B
EBITDA350.00M509.12M1.03B-2.50B-3.28B-2.16B
Net Income1.23B741.44M1.33B-2.23B-3.49B-2.38B
Balance Sheet
Total Assets14.39B14.10B15.26B14.65B20.16B23.87B
Cash, Cash Equivalents and Short-Term Investments6.25B5.89B12.08B12.02B16.82B20.41B
Total Debt536.74M1.07B837.28M284.15M1.14B1.23B
Total Liabilities1.11B1.21B1.64B921.18M2.41B2.24B
Stockholders Equity13.28B12.90B13.62B13.73B17.75B21.03B
Cash Flow
Free Cash Flow0559.05M1.33B-2.19B-2.76B-1.95B
Operating Cash Flow0577.54M1.52B-2.16B-2.70B-1.77B
Investing Cash Flow0-4.93B192.60M-531.91M-261.96M-336.39M
Financing Cash Flow0-1.94B-2.34B-3.08B-976.49M-1.09B

COOKPAD Peers Comparison

Overall Rating

UnderperformOutperform
Sector (60)

Financial Indicators

JP:2193 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:2371JP:237179OutperformJPY 731.89B39.9229.50%1.25%18.37%-8.77%
JP:5243JP:524365NeutralJPY 55.34B42.91――32.22%312.16%
JP:2193JP:219361NeutralJPY 8.83B7.269.61%―-8.20%125.15%
Sector *60Neutral$48.67B4.58-11.27%4.14%2.83%-41.78%
JP:2454JP:245451NeutralJPY 4.38B-8.41―0.32%-8.10%-833.44%
JP:7356JP:735651NeutralJPY 1.77B24.24――-6.14%525.38%
JP:3930JP:393044NeutralJPY 2.34B-2.29――-3.89%-527.75%

* Communication Services Sector Average

Performance Comparison

0%100%200%JP:2193JP:2371JP:2454JP:3930JP:5243JP:7356Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:2193 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:2193COOKPAD 122.00-43.00-26.06%
JP:2371Kakakucom 3726.001004.3736.90%
JP:2454All About, Inc.316.00-70.96-18.34%
JP:3930Hatena Co., Ltd.760.00-200.00-20.83%
JP:5243note inc.2850.001578.00124.06%
JP:7356Retty Inc.118.00-49.00-29.34%
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