Mercari Inc (JP:4385)

:4385

4385

Mercari

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Mercari (4385) Price & Analysis

4 Followers

4385 Stock Chart & Stats

¥3895.00

-¥23.00(-1.34%)

At close: Jan 08 4:00 PM EST

¥3895.00

-¥23.00(-1.34%)

Day’s Range― - ―

52-Week Range¥2,069.00 - ¥4,185.00

Previous CloseN/A

Volume4.24M

Average Volume (3M)3.05M

Market Cap

¥659.35B

Enterprise Value¥713.73B

Total Cash (Recent Filing)¥159.05B

Total Debt (Recent Filing)¥234.16B

Price to Earnings (P/E)23.3

Beta0.52

Next Earnings

May 11, 2026

EPS Estimate

43.75

Next Dividend Ex-DateN/A

Dividend YieldN/A

Share Statistics

EPS (TTM)33.98

Shares Outstanding165,043,850

10 Day Avg. Volume3,724,380

30 Day Avg. Volume3,051,140

Financial Highlights & Ratios

PEG Ratio0.18

Price to Book (P/B)4.42

Price to Sales (P/S)2.28

P/FCF Ratio-35.84

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

¥3,945.56

Price Target Upside1.30% Upside

Rating ConsensusModerate Buy

Number of Analyst Covering9

EPS Forecast (FY)163.9

Revenue Forecast (FY)¥217.29B

Bulls Say, Bears Say

Bulls Say

High MarginsSustained high gross and operating margins (TTM ~73% gross, ~18% operating) point to strong unit economics in Mercari’s marketplace model. Durable margins support reinvestment in product, customer service, and fintech features, and create a buffer against cost volatility if cash conversion improves.

Marketplace + Fintech ModelA combined C2C marketplace with an integrated payments arm creates multiple monetization levers: transaction fees, payment-related revenue, and value-added services. This structural diversification increases lifetime revenue per user and cross-sell potential, supporting more durable monetization as GMV scales.

Strong Returns On EquityROE near 30% signals efficient capital usage and strong profitability relative to equity. If maintained, elevated ROE enables higher internal funding of initiatives and rewards shareholders; it also indicates competitive operating leverage within the core marketplace business.

Bears Say

Negative Operating Cash FlowProfits are not converting into cash: persistent negative OCF and FCF reduce financial flexibility, increase reliance on external funding, and limit the company’s ability to self-fund marketing, product development, or Merpay expansion. This raises medium-term funding and execution risk.

Elevated LeverageHigh debt-to-equity (~2.17x) constrains strategic optionality and amplifies sensitivity to earnings or funding shocks. Elevated leverage increases interest and refinancing risk, reducing runway to tolerate slower cash conversion or to aggressively invest in growth initiatives without raising new capital.

Decelerating Revenue GrowthA steady slowing from high double-digit to low-single-digit growth suggests saturation or competitive pressure in core markets. Slower GMV expansion limits the upside from operating leverage and could make margin maintenance harder over time absent new product or geographic expansion.

Mercari News

Mercari Lifts Full-Year Revenue and Profit Outlook on Strong Marketplace Performance

The latest update is out from Mercari ( ($JP:4385) ). Mercari has raised its full-year revenue and core...

3M ago

Mercari Lifts Full-Year Outlook After Profit Surge in First Half of FY2026

Mercari ( ($JP:4385) ) has shared an announcement. Mercari reported strong results for the six months ended December...

3M ago

MRCIF Earnings this Week: How Will it Perform?

Mercari (MRCIF) is scheduled to report 2nd quarter earnings on 02/09/2026, before the market opens. Regarding Q2 estimates,...

3M ago

Mercari Reports Strong Growth in Q3 2025 Earnings

Mercari ( ($MRCIF) ) has released its Q1 earnings. Here is a breakdown of the information Mercari presented...

6M ago

Mercari Reports Strong Q3 2025 Financial Results

Mercari ( ($JP:4385) ) has shared an update. Mercari, Inc. reported strong financial results for the three months...

6M ago

Is MRCIF a Buy, Before Earnings?

Mercari (MRCIF) is scheduled to report 1st quarter earnings on 11/07/2025. Regarding Q1 estimates, Wall Street analysts expect...

6M ago

Mercari’s Earnings Call: Profitability Soars Amid Growth Challenges

Mercari (($JP:4385)) has held its Q4 earnings call. Read on for the main highlights of the call. In...

9M ago

Mercari Reports Strong Profit Growth Amid Modest Revenue Increase

Mercari ( ($MRCIF) ) has released its Q4 earnings. Here is a breakdown of the information Mercari presented...

9M ago

Coincheck, Mercoin partner for crypto trading on Mercari app

Coincheck Group (CNCK) announced that its subsidiary, Coincheck, has entered into a strategic partnership with Mercoin, a subsidiary...

9M ago

CNCK

Mercari Reports Strong Financial Growth for Fiscal Year 2025

Mercari ( ($JP:4385) ) has issued an update. Mercari, Inc. reported its consolidated financial results for the fiscal...

9M ago

Mercari Reports Significant Fiscal Year Profit Increase

Mercari ( ($JP:4385) ) has provided an announcement. Mercari, Inc. announced a notable difference between its projected and...

9M ago

Mercari upgraded to Buy from Hold at Jefferies

Jefferies upgraded Mercari (MCARY) to Buy from Hold with a price target of 3,200 yen, up from 2,650...

11M ago

Mercari upgraded to Overweight from Equal Weight at Morgan Stanley

Morgan Stanley upgraded Mercari (MCARY) to Overweight from Equal Weight with a price target of 3,000 yen, up...

1y ago

Mercari upgraded to Buy from Hold at Jefferies

Jefferies analyst Hangil Moon upgraded Mercari to Buy from Hold with a price target of 2,400 yen, down...

2y ago

4385 FAQ

What was Mercari Inc’s price range in the past 12 months?

Mercari Inc lowest stock price was ¥2069.00 and its highest was ¥4185.00 in the past 12 months.

What is Mercari Inc’s market cap?

Mercari Inc’s market cap is ¥659.35B.

When is Mercari Inc’s upcoming earnings report date?

Mercari Inc’s upcoming earnings report date is May 11, 2026 which is in 12 days.

How were Mercari Inc’s earnings last quarter?

Mercari Inc released its earnings results on Feb 09, 2026. The company reported ¥33.98 earnings per share for the quarter, beating the consensus estimate of ¥33.722 by ¥0.258.

Is Mercari Inc overvalued?

According to Wall Street analysts Mercari Inc’s price is currently Undervalued. Get more investment ideas with TipRanks Premium

Does Mercari Inc pay dividends?

Mercari Inc does not currently pay dividends.

What is Mercari Inc’s EPS estimate?

Mercari Inc’s EPS estimate is 43.75.

How many shares outstanding does Mercari Inc have?

Mercari Inc has 165,043,850 shares outstanding.

What happened to Mercari Inc’s price movement after its last earnings report?

Mercari Inc reported an EPS of ¥33.98 in its last earnings report, beating expectations of ¥33.722. Following the earnings report the stock price went up 2.708%.

Which hedge fund is a major shareholder of Mercari Inc?

Currently, no hedge funds are holding shares in JP:4385

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Mercari Inc

Mercari, Inc. engages in the planning, development, and operation of the Mercari marketplace applications in Japan and the United States. Mercari, Inc. was incorporated in 2013 and is based in Tokyo, Japan.

Mercari (4385) Earnings & Revenues

Historic Earnings Reports

4385 Stock 12 Month Forecast

Average Price Target

¥3,945.56

▲(1.30% Upside)

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Detailed Analyst Forecast >