CrowdWorks, Inc. (3900) AI Stock Analysis

• Market Cap: ¥13.41B
• Dividend Yield: 2.12%
• Average Volume (3M): 150.53K
• Price to Earnings (P/E): 18.2
• Beta (1Y): 0.82
• Revenue Growth: 36.09%
• EPS Growth: -39.80%
• Country: JP
• Employees: 483
• Sector: Industrials
• Sector Strength: 72
• Industry: Staffing & Employment Services
• EPS (TTM): 14.31
• Shares Outstanding: 15,795,959
• 10 Day Avg. Volume: 92,330
• 30 Day Avg. Volume: 150,529
• PEG Ratio: -1.26
• Price to Book (P/B): 2.89
• Price to Sales (P/S): 1.22
• P/FCF Ratio: 12.38
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 61 Neutral
• Price Target: ¥905.00 ▲(5.72% Upside)

CrowdWorks, Inc. has strong financial performance with robust revenue growth and a healthy balance sheet, but faces challenges in cash flow management. Technical indicators suggest bearish momentum, and valuation metrics are moderate. The lack of earnings call and corporate events data limits further insights.

CrowdWorks, Inc. Business Overview & Revenue Model

Company Description

CrowdWorks, Inc. is a leading online platform specializing in connecting freelancers with businesses in need of various services, ranging from content creation to software development. Operating primarily in the gig economy sector, the company offers a seamless interface for both clients and freelancers to collaborate on projects, ensuring quality and efficiency. With a focus on empowering workers and businesses through flexible work arrangements, CrowdWorks provides tools for project management, payment processing, and skill verification to enhance user experience and satisfaction.

How the Company Makes Money

CrowdWorks, Inc. generates revenue primarily through a commission-based model, taking a percentage of the fees charged by freelancers for completed projects. This percentage varies depending on the nature of the project and the agreement between the freelancer and the client. Additionally, the company may offer premium services, such as enhanced visibility for freelancer profiles, subscription plans for businesses seeking to access a broader talent pool, and fees for project management tools. Strategic partnerships with educational institutions and training platforms also contribute to its earnings by facilitating a steady influx of qualified freelancers on the platform, thereby attracting more clients.

CrowdWorks, Inc. Financial Statement Overview

Summary

CrowdWorks, Inc. exhibits strong revenue growth and a healthy balance sheet with stable profit margins and low debt levels. However, the company's cash flow management is a concern, as indicated by zero free cash flow in the TTM, which could impact its ability to sustain growth.

Income Statement

CrowdWorks, Inc. demonstrates strong revenue and profit growth, with a Revenue Growth Rate of 40.72% from 2023 to 2024 and a consistent increase in Gross Profit Margin to 44.27% for the TTM. EBIT and EBITDA margins are healthy, at 7.19% and 8.73% respectively. However, Net Profit Margin slightly decreased to 4.66% for the TTM.

Balance Sheet

The company maintains a solid financial position with a Debt-to-Equity Ratio of 0.77 and a strong Equity Ratio of 40.97% for the TTM. However, the Return on Equity (ROE) decreased to 12.15% for the TTM, indicating potential inefficiencies in generating returns for shareholders.

Cash Flow

CrowdWorks, Inc. faces challenges in cash flow management, with a Free Cash Flow of zero in the TTM. Despite this, historical data shows positive operating and free cash flow in previous years. The Operating Cash Flow to Net Income Ratio and Free Cash Flow to Net Income Ratio are not calculable for the TTM due to zero cash flows.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	21.68B	17.11B	13.21B	10.57B	7.77B	5.46B
Gross Profit	9.16B	7.85B	6.14B	4.81B	3.48B	3.32B
EBITDA	1.95B	1.67B	1.33B	972.89M	673.31M	-20.62M
Net Income	734.49M	910.76M	1.10B	802.87M	622.42M	-105.17M
Balance Sheet
Total Assets	17.56B	13.54B	10.00B	7.64B	6.22B	5.11B
Cash, Cash Equivalents and Short-Term Investments	7.01B	5.96B	5.73B	5.15B	4.25B	3.46B
Total Debt	5.01B	2.03B	696.90M	123.28M	100.00M	100.00M
Total Liabilities	9.86B	6.23B	3.96B	2.97B	2.41B	1.98B
Stockholders Equity	7.56B	7.20B	6.02B	4.67B	3.79B	3.13B
Cash Flow
Free Cash Flow	0.00	1.68B	1.35B	1.15B	854.52M	-34.19M
Operating Cash Flow	0.00	1.68B	1.35B	1.15B	868.79M	-989.00K
Investing Cash Flow	0.00	-2.44B	-1.17B	-262.36M	-95.37M	536.58M
Financing Cash Flow	0.00	960.63M	436.34M	8.34M	5.09M	-383.12M

CrowdWorks, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 856.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3900, the sentiment is Negative. The current price of 856 is below the 20-day moving average (MA) of 875.85, below the 50-day MA of 957.91, and below the 200-day MA of 1068.04, indicating a bearish trend. The MACD of -29.62 indicates Negative momentum. The RSI at 30.49 is Neutral, neither overbought nor oversold. The STOCH value of 31.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3900.

CrowdWorks, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6539	―	¥25.15B	24.15	―	5.57%	38.75%	-3.18%
3991	―	¥11.30B	10.43	―	1.68%	3.94%	4.45%
2410	―	¥11.50B	10.86	―	4.52%	4.17%	12.22%
6070	―	¥28.43B	14.92	―	4.99%	-4.87%	-14.53%
Sector *	―	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
3900	―	¥13.41B	18.17	―	2.12%	36.09%	-39.80%
4433	―	¥18.18B	21.31	―	3.58%	8.62%	―

CrowdWorks, Inc. Corporate Events

CrowdWorks, Inc. Reports Strong Sales Growth Amid Profitability Challenges

CrowdWorks, Inc. reported a significant increase in net sales and gross profit for the nine months ending June 30, 2025, with net sales rising by 36.8% year-on-year. Despite the growth in sales, the company’s comprehensive income decreased by 23.8%, and profit attributable to owners of the parent fell by 25%. The company also experienced changes in its consolidation scope, adding two companies and excluding one. These financial results indicate a strong operational performance but highlight challenges in maintaining profitability.