SpiderPlus & Co. (4192) AI Stock Analysis

• Market Cap: ¥17.06B
• Dividend Yield: N/A
• Average Volume (3M): 122.64K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.24
• Revenue Growth: 26.31%
• EPS Growth: -56.42%
• Country: JP
• Employees: 250
• Sector: Technology
• Sector Strength: 84
• Industry: Software - Application
• EPS (TTM): -0.41
• Shares Outstanding: 35,310,700
• 10 Day Avg. Volume: 116,250
• 30 Day Avg. Volume: 122,643
• PEG Ratio: 0.59
• Price to Book (P/B): 6.98
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: 45 Neutral
• Price Target: ¥471.00 ▼(-4.85%Downside)

The overall score is largely influenced by financial performance issues, especially profitability and cash flow challenges. Technical analysis provides mixed signals, and valuation is negatively impacted by the company's losses and lack of dividends. These factors collectively suggest caution.

SpiderPlus & Co. Business Overview & Revenue Model

Company Description

SpiderPlus & Co. (4192) is a Japanese company specializing in software solutions tailored for the construction and engineering sectors. The company provides a robust digital platform aimed at streamlining project management and enhancing operational efficiency. Their core product, SpiderPlus, is a cloud-based application designed to facilitate mobile and digital documentation, communication, and collaboration among construction professionals.

How the Company Makes Money

SpiderPlus & Co. generates revenue primarily through the subscription-based model of its SpiderPlus software platform. The company offers various pricing tiers based on the number of users and the range of features accessed, catering to different sizes and types of construction projects. Additionally, the company may engage in partnerships with construction firms and technology providers to expand its user base and enhance its platform’s capabilities, contributing further to its revenue streams. Other potential sources of income include consultancy services and training for companies implementing their solutions.

SpiderPlus & Co. Financial Statement Overview

Summary

SpiderPlus & Co. demonstrates revenue growth but struggles with profitability and cash flow generation. The balance sheet is relatively strong, with a solid equity foundation, though leverage is increasing. Focus on improving operational efficiency and cash flow is needed for sustainable growth.

Income Statement

SpiderPlus & Co. shows increasing revenue over the years, indicating growth. However, EBIT and net income have been consistently negative, signaling profitability issues. The gross profit margin is high, but the net profit margin is significantly negative due to high operating expenses.

Balance Sheet

The company has a strong equity base relative to its assets, maintaining a healthy equity ratio. However, the debt-to-equity ratio has increased, indicating rising leverage. Liquidity remains stable with significant cash reserves.

Cash Flow

Operating and free cash flows have been negative, reflecting cash flow challenges. Although there is some improvement in recent years, the cash flow to net income ratios suggest that cash generation is inadequate to cover losses.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
4.07B	3.19B	2.48B	2.21B	1.97B
	Gross Profit
2.77B	2.07B	1.52B	1.26B	1.05B
	EBIT
-519.19M	-442.61M	-1.14B	-433.02M	112.98M
	EBITDA
-358.80M	-281.10M	-901.27M	-475.78M	132.76M
	Net Income Common Stockholders
-771.66M	-463.35M	-1.04B	-511.67M	103.09M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.74B	2.85B	3.04B	4.20B	469.28M
	Total Assets
4.21B	4.60B	4.79B	5.43B	905.35M
	Total Debt
1.03B	504.44M	450.67M	178.12M	266.21M
	Net Debt
-1.71B	-2.34B	-2.59B	-4.02B	-203.06M
	Total Liabilities
1.57B	1.21B	1.11B	804.21M	496.35M
	Stockholders Equity
2.65B	3.39B	3.68B	4.62B	409.00M
Cash Flow		Free Cash Flow
-387.38M	-413.56M	-1.71B	-854.95M	98.93M
	Operating Cash Flow
-369.09M	-331.22M	-1.00B	-493.48M	130.26M
	Investing Cash Flow
-52.41M	-85.01M	-508.68M	-610.36M	12.91M
	Financing Cash Flow
322.64M	217.61M	363.05M	4.83B	-43.67M

SpiderPlus & Co. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 495.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4192, the sentiment is Positive. The current price of 495 is above the 20-day moving average (MA) of 491.75, above the 50-day MA of 482.50, and above the 200-day MA of 436.80, indicating a bullish trend. The MACD of -2.03 indicates Positive momentum. The RSI at 53.45 is Neutral, neither overbought nor oversold. The STOCH value of 67.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4192.

SpiderPlus & Co. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3648	82 Outperform	¥15.55B	11.08		2.65%	12.54%	52.02%
2307	80 Outperform	¥16.20B	11.37		3.12%	8.46%	3.01%
4299	79 Outperform	¥13.62B	10.51		3.84%	2.13%	7.67%
3712	72 Outperform	¥16.46B	13.68		2.24%	2.71%	9.95%
3800	68 Neutral	¥13.79B	20.33		3.64%	-2.98%	-31.07%
Sector *	62 Neutral	$11.70B	10.39	-7.10%	2.92%	7.45%	-8.42%
4192	45 Neutral	¥17.06B	―		―	26.31%	-56.42%

SpiderPlus & Co. Corporate Events

SpiderPlus & Co. Eyes Growth Amid Construction Industry Challenges

SpiderPlus & Co. anticipates long-term growth in the construction industry due to urban redevelopment and the need for infrastructure repairs, despite challenges like a shrinking workforce. The company expects high demand for digital transformation solutions to boost productivity, positioning itself as a key player in addressing these industry challenges.

SpiderPlus & Co. Focuses on Construction DX Market Expansion and Strategic Enhancements

SpiderPlus & Co. recently held a financial results briefing, highlighting their strategic focus on expanding the construction DX market and improving business performance through BPO services. The company is also exploring pricing strategies, reducing churn rates, and leveraging AI in service development to strengthen its market position. These initiatives are expected to impact their operations positively and enhance shareholder value.

SpiderPlus & Co. Reports Increased Sales Amidst Continued Losses in Q1 2025

SpiderPlus & Co. reported consolidated financial results for the first quarter of 2025, showing a significant increase in net sales by 24.9% compared to the previous year, despite recording a net loss of 14 million yen. The company’s equity ratio improved slightly, indicating a stable financial position, but no dividends were declared for the period. The results reflect ongoing challenges in achieving profitability, but the increase in sales suggests potential for future growth.

SpiderPlus & Co. Strengthens Corporate Governance and Shareholder Protections

SpiderPlus & Co. emphasizes strong corporate governance by ensuring decisions are made swiftly in response to economic changes, aiming to improve corporate value. The company complies with the Corporate Governance Code and has a robust system in place to protect minority shareholders during transactions with controlling shareholders, ensuring fairness and compliance with regulations.