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Morpho, Inc.
(3653)
Select Model
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Rating:61Neutral
Price Target:
¥1,066.00
▲(25.86% Upside)
Action:Reiterated
Date:09/12/26
The score is primarily supported by a very strong balance sheet and strong technical uptrend. It is held back by inconsistent profitability and weakening 2025 cash flow (negative free cash flow), while the negative P/E underscores current loss-making earnings and reduces valuation support.
Positive Factors
Top-line growth
The reported surge in annual revenue indicates strong recent expansion and improving market traction. If the business can sustain a meaningful portion of this growth, a larger revenue base should create opportunities to leverage fixed costs, deepen customer adoption, and support future earnings recovery.
Negative Factors
Inconsistent profitability
The reversal from a healthy profit to a net loss shows that earnings power is not yet dependable, despite strong reported revenue growth and solid gross margins. Continued volatility could limit internal funding, complicate planning, and weaken confidence that growth will translate into shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Top-line growth
The reported surge in annual revenue indicates strong recent expansion and improving market traction. If the business can sustain a meaningful portion of this growth, a larger revenue base should create opportunities to leverage fixed costs, deepen customer adoption, and support future earnings recovery.
Read all positive factors
Morpho, Inc. (3653) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥5.41B
Dividend YieldN/A
Average Volume (3M)1.45M
Price to Earnings (P/E)―
Beta (1Y)0.72
Revenue Growth-9.91%
EPS Growth-1050.91%
CountryJP
Employees166
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-147.86
Shares Outstanding5,508,500
10 Day Avg. Volume400,970
30 Day Avg. Volume1,446,526
Financial Highlights & Ratios
PEG Ratio0.51
Price to Book (P/B)1.36
Price to Sales (P/S)1.46
P/FCF Ratio-132.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Morpho, Inc. Business Overview & Revenue Model
Company Description
Morpho, Inc. engages in the research and development of artificial intelligence and image processing technologies in Japan, the United States, China, South Korea, Europe, and internationally. The company offers Morpho Automotive Suite, an AI Solut...
Morpho, Inc. Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
86
Very Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.96B | 3.36B | 3.30B | 2.38B | 2.00B | 1.73B |
| Gross Profit | 1.35B | 1.84B | 1.90B | 1.36B | 952.07M | 866.53M |
| EBITDA | -296.95M | 159.15M | 326.88M | -226.63M | -473.41M | -734.07M |
| Net Income | -771.74M | -77.57M | 301.48M | -300.18M | -668.39M | -793.42M |
Balance Sheet | ||||||
| Total Assets | 3.22B | 4.15B | 4.26B | 3.71B | 3.86B | 4.55B |
| Cash, Cash Equivalents and Short-Term Investments | 1.75B | 2.53B | 2.94B | 2.71B | 3.06B | 3.39B |
| Total Debt | 14.36M | 10.48M | 23.29M | 36.25M | 12.84M | 21.95M |
| Total Liabilities | 489.55M | 526.38M | 621.77M | 558.59M | 460.63M | 400.45M |
| Stockholders Equity | 2.73B | 3.62B | 3.64B | 3.15B | 3.40B | 4.15B |
Cash Flow | ||||||
| Free Cash Flow | -37.01M | -37.01M | 65.73M | -365.22M | -477.78M | -694.79M |
| Operating Cash Flow | 14.06M | 14.06M | 207.18M | -267.62M | -415.53M | -653.58M |
| Investing Cash Flow | -413.32M | -413.32M | -140.72M | -92.50M | 161.38M | -175.87M |
| Financing Cash Flow | -9.22M | -9.22M | 131.83M | -16.21M | -176.43M | -257.00M |
Morpho, Inc. Technical Analysis
Neutral
847.00
Price Trends
878.06
Positive
756.96
Positive
760.24
Positive
Market Momentum
48.63
Positive
48.77
Neutral
12.25
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3653, the sentiment is Neutral. The current price of 847 is below the 20-day moving average (MA) of 1158.45, below the 50-day MA of 878.06, and above the 200-day MA of 760.24, indicating a neutral trend. The MACD of 48.63 indicates Positive momentum. The RSI at 48.77 is Neutral, neither overbought nor oversold. The STOCH value of 12.25 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:3653.
Morpho, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥13.14B | 32.54 | ― | ― | 15.44% | 164.41% | |
63 Neutral | ¥14.85B | 57.85 | ― | ― | 34.57% | 80.99% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | ¥5.41B | -6.72 | ― | ― | -9.91% | -1050.91% | |
60 Neutral | ¥36.02B | 77.89 | ― | ― | 22.56% | ― | |
43 Neutral | ¥15.93B | -548.28 | ― | ― | 75.12% | 97.01% |
* Technology Sector Average
JP:3653
Morpho, Inc.
1,021.00
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0.99%
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JP:334A
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1,200.00
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30.24%
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.