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Enechange Ltd.
(4169)
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Rating:54Neutral
Price Target:
¥334.00
▲(13.99% Upside)
Action:Reiterated
Date:08/11/26
The score is primarily driven by improving financial trajectory (strong growth, high gross margins, and a return to positive operating/free cash flow), but held back by continued operating and net losses and a very high P/E valuation. Technicals are supportive due to strong momentum, though overbought readings add short-term risk.
Positive Factors
Strong revenue growth and scalable margins
Rapid revenue expansion combined with very high gross margins supports a scalable software model. If sustained, this operating structure can improve incremental economics and provide a durable foundation for future profitability.
Negative Factors
Persistent operating and net losses
Despite strong sales growth and improving losses, the company has not yet achieved operating or net profitability. Continued losses can constrain reinvestment, weaken returns on capital, and increase execution risk over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth and scalable margins
Rapid revenue expansion combined with very high gross margins supports a scalable software model. If sustained, this operating structure can improve incremental economics and provide a durable foundation for future profitability.
Read all positive factors
Enechange Ltd. (4169) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥12.36B
Dividend YieldN/A
Average Volume (3M)213.66K
Price to Earnings (P/E)35.8
Beta (1Y)0.66
Revenue Growth17.00%
EPS Growth52.02%
CountryJP
Employees191
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)8.13
Shares Outstanding42,917,294
10 Day Avg. Volume157,990
30 Day Avg. Volume213,656
Financial Highlights & Ratios
PEG Ratio-0.85
Price to Book (P/B)2.71
Price to Sales (P/S)1.84
P/FCF Ratio19.96
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)28.8
Revenue Forecast (FY)¥14.30B
Enechange Ltd. Business Overview & Revenue Model
Company Description
ENECHANGE Ltd., established in 2015 and based in Tokyo, Japan, operates at the forefront of the energy sector, offering both energy platform and energy data solutions. Its Energy Platform Business provides extensive services enabling residential a...
How the Company Makes Money
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Enechange Ltd. Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
57
Neutral
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.50B | 6.70B | 5.37B | 4.38B | 3.73B | 3.02B |
| Gross Profit | 5.71B | 5.88B | 4.10B | 3.24B | 2.94B | 2.58B |
| EBITDA | 483.42M | 634.08M | -2.76B | -1.97B | -1.00B | 107.78M |
| Net Income | 347.92M | 130.92M | -1.02B | -4.99B | -1.32B | -85.59M |
Balance Sheet | ||||||
| Total Assets | 6.94B | 6.70B | 7.41B | 5.57B | 7.04B | 6.95B |
| Cash, Cash Equivalents and Short-Term Investments | 4.15B | 4.18B | 4.26B | 2.18B | 3.07B | 5.57B |
| Total Debt | 511.87M | 625.86M | 1.11B | 3.73B | 1.95B | 1.01B |
| Total Liabilities | 2.09B | 2.14B | 2.86B | 7.04B | 3.54B | 2.14B |
| Stockholders Equity | 4.85B | 4.55B | 4.55B | -1.48B | 3.50B | 4.81B |
Cash Flow | ||||||
| Free Cash Flow | 111.21M | 617.23M | -4.37B | -3.02B | -2.19B | 470.43M |
| Operating Cash Flow | 127.69M | 654.94M | 220.93M | -1.91B | -1.91B | 481.69M |
| Investing Cash Flow | -24.35M | 91.31M | -3.40B | -1.39B | -1.55B | -552.95M |
| Financing Cash Flow | -207.50M | -515.62M | 5.28B | 2.38B | 958.45M | 4.30B |
Enechange Ltd. Technical Analysis
Positive
293.00
Price Trends
233.54
Positive
253.18
Positive
264.49
Positive
Market Momentum
18.47
Positive
55.99
Neutral
23.66
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4169, the sentiment is Positive. The current price of 293 is above the 20-day moving average (MA) of 281.35, above the 50-day MA of 233.54, and above the 200-day MA of 264.49, indicating a bullish trend. The MACD of 18.47 indicates Positive momentum. The RSI at 55.99 is Neutral, neither overbought nor oversold. The STOCH value of 23.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4169.
Enechange Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥26.30B | 19.71 | ― | 0.52% | 40.53% | 32.41% | |
76 Outperform | ¥10.78B | 16.01 | ― | 3.01% | 15.39% | 23.76% | |
72 Outperform | ¥37.19B | 81.95 | ― | ― | 22.56% | ― | |
63 Neutral | ¥23.26B | -41.82 | ― | ― | 398.87% | 12.91% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | ¥12.36B | 35.79 | ― | ― | 17.00% | 52.02% | |
47 Neutral | ¥17.45B | 201.46 | ― | ― | -83.13% | ― |
* Technology Sector Average
JP:4169
Enechange Ltd.
291.00
-104.00
-26.33%
JP:2334
Eole, Inc.
565.00
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-18.12%
JP:3777
Environment Friendly Holdings Corp.
47.00
-18.00
-27.69%
JP:4058
Toyokumo, Inc.
2,432.00
-908.80
-27.20%
JP:4375
Safie Inc.
686.00
-335.00
-32.81%
JP:4389
Property Data Bank, Inc.
1,035.00
30.30
3.02%
Enechange Ltd. Corporate Events
ENECHANGE Posts Lower Q1 Revenue but Confirms Earnings Rebound Forecast for FY 2027
Aug 7, 2026
ENECHANGE reported consolidated revenue of ¥1,345 million for the quarter ended June 30, 2026, down 13% year on year, but managed to stay in the black with operating profit of ¥49 million and profit attributable to owners of parent of &#...
ENECHANGE Accepts ¥91.5 Million Administrative Penalty and Pledges Governance Improvements
Aug 5, 2026
ENECHANGE Ltd. has disclosed that Japan’s Securities and Exchange Surveillance Commission recommended an administrative monetary penalty of 91,495,000 JPY to the Prime Minister and the Commissioner of the Financial Services Agency. Following...
ENECHANGE to Acquire DARWIN Inc. in Strategic Roll-Up Move into Energy Infrastructure Inspections
Aug 5, 2026
ENECHANGE Ltd. has agreed to acquire all outstanding shares of DARWIN Inc., converting the emergency power generator inspection specialist into a wholly owned subsidiary. The move marks ENECHANGE’s entry into the AI- and DX-driven inspection...
ENECHANGE details AI field strategy, buyback timing and EV focus in July FAQ
Jul 17, 2026
ENECHANGE Ltd. has published a July 2026 FAQ to improve transparency with investors, clarifying the timing of its share buyback, strategy, and exposure to energy market volatility. The company will start treasury share acquisitions after its Augus...
ENECHANGE launches up to ¥1 billion share buyback to boost capital efficiency
Jun 26, 2026
ENECHANGE Ltd. has approved a share buyback program as part of its efforts to enhance capital efficiency and strengthen shareholder returns, reflecting management’s focus on flexible capital policies in response to a shifting business climat...
Enechange Faces Recommended ¥91 Million Penalty Over Corrected Filings
Jun 26, 2026
ENECHANGE Ltd. has disclosed that Japan’s Securities and Exchange Surveillance Commission has recommended an administrative monetary penalty order of 91.49 million yen to the Prime Minister and the Financial Services Agency Commissioner. The...
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.