Nulab Inc. (5033) AI Stock Analysis

• Market Cap: ¥5.58B
• Dividend Yield: N/A
• Average Volume (3M): 24.51K
• Price to Earnings (P/E): 11.1
• Beta (1Y): 1.29
• Revenue Growth: 9.37%
• EPS Growth: 45.61%
• Country: JP
• Employees: 159
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 12.92
• Shares Outstanding: 6,484,101
• 10 Day Avg. Volume: 20,500
• 30 Day Avg. Volume: 24,510
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ¥973.00
• Price Target Upside: 13.01% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 72 Outperform
• Price Target: ¥973.00 ▲(13.01% Upside)

Nulab Inc.'s strong financial performance is the most significant factor in its overall score, supported by robust revenue growth and profitability. The valuation is reasonable, but technical indicators suggest a lack of strong momentum, which slightly tempers the overall score.

Nulab Inc. Business Overview & Revenue Model

Company Description

Nulab Inc. develops solution that promotes team collaboration. The company offers Backlog, a project management tool; Nulab Pass, a tool which strengthens your organization information security and governance; Cacoo, online drawing tool; and Typetalk, a business chat tool. The company was incorporated in 2004 and is headquartered in Fukuoka City, Japan.

How the Company Makes Money

Nulab Inc. generates revenue primarily through its subscription-based model, where customers pay for access to its software solutions on a monthly or annual basis. The company offers tiered pricing plans for its products, allowing customers to choose packages based on the number of users and the level of functionality required. This subscription model ensures a steady stream of recurring revenue. Additionally, Nulab may engage in enterprise partnerships, providing customized solutions and services to larger organizations, which can contribute significantly to its earnings. The company also benefits from network effects, as more users and teams adopting its tools can lead to increased visibility and market penetration.

Nulab Inc. Financial Statement Overview

Summary

Nulab Inc. demonstrates strong financial performance with impressive revenue growth and profitability improvements. The balance sheet shows a healthy capital structure with minimal debt, and the cash flow statement reflects robust cash generation capabilities. However, a slight decrease in operating cash flow from the previous year suggests a need for caution.

Income Statement

Nulab Inc. demonstrates strong revenue growth with a significant increase from the previous year. The gross profit margin is healthy at approximately 72%, indicating efficient cost management. Net profit margin has improved, reflecting higher profitability. Additionally, the company shows strong EBIT and EBITDA margins, which suggest robust operational performance.

Balance Sheet

The company's balance sheet reflects a very low debt-to-equity ratio, signifying prudent leverage management. Return on equity is strong, indicating efficient use of shareholder funds. The equity ratio is solid, suggesting a strong capital structure with an emphasis on equity financing over debt.

Cash Flow

Nulab Inc. has a strong cash flow position with consistent operating cash flow growth. The free cash flow to net income ratio is favorable, indicating good cash generation relative to reported profits. However, a slight decrease in operating cash flow from the previous year suggests a need for caution.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.11B	4.11B	3.66B	2.71B	2.33B	1.94B
Gross Profit	2.96B	2.96B	2.64B	1.73B	1.42B	1.09B
EBITDA	753.00M	753.00M	424.12M	179.14M	266.01M	66.69M
Net Income	552.64M	552.68M	308.16M	88.42M	197.88M	-25.53M
Balance Sheet
Total Assets	4.24B	4.24B	3.47B	2.61B	1.62B	1.33B
Cash, Cash Equivalents and Short-Term Investments	3.13B	3.13B	2.48B	1.74B	1.13B	878.98M
Total Debt	2.25M	2.25M	5.25M	13.75M	58.69M	154.21M
Total Liabilities	2.34B	2.34B	2.14B	1.65B	1.23B	1.15B
Stockholders Equity	1.91B	1.91B	1.33B	958.63M	391.25M	182.66M
Cash Flow
Free Cash Flow	0.00	724.95M	694.57M	169.40M	321.29M	153.73M
Operating Cash Flow	0.00	749.13M	811.90M	297.32M	401.01M	242.03M
Investing Cash Flow	0.00	-128.81M	-110.72M	-130.74M	-74.35M	-80.91M
Financing Cash Flow	0.00	-1.00M	16.87M	417.41M	-95.27M	-119.66M

Nulab Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 861.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5033, the sentiment is Negative. The current price of 861 is below the 20-day moving average (MA) of 869.75, below the 50-day MA of 880.16, and below the 200-day MA of 899.89, indicating a bearish trend. The MACD of -2.27 indicates Negative momentum. The RSI at 42.42 is Neutral, neither overbought nor oversold. The STOCH value of 15.48 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:5033.

Nulab Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4372	81 Outperform	¥5.67B	12.69	―	1.22%	13.82%	3.01%
4440	78 Outperform	¥5.46B	11.70	―	1.15%	55.69%	181.08%
5033	72 Outperform	¥5.58B	11.06	―	―	9.37%	45.61%
4379	66 Neutral	¥5.25B	28.86	7.27%	―	12.95%	271.70%
4428	61 Neutral	¥6.01B	28.55	―	1.66%	12.78%	59.33%
3653	58 Neutral	¥5.67B	-82.43	8.28%	―	1.91%	-122.15%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%