COOKPAD (2193) AI Stock Analysis

• Market Cap: ¥12.13B
• Dividend Yield: N/A
• Average Volume (3M): 348.50K
• Price to Earnings (P/E): 11.8
• Beta (1Y): 0.03
• Revenue Growth: -10.17%
• EPS Growth: -19.44%
• Country: JP
• Employees: 117
• Sector: Communication Services
• Sector Strength: 97
• Industry: Internet Content & Information
• EPS (TTM): 6.37
• Shares Outstanding: 107,429,400
• 10 Day Avg. Volume: 381,220
• 30 Day Avg. Volume: 348,496
• PEG Ratio: -0.06
• Price to Book (P/B): 0.96
• Price to Sales (P/S): 2.23
• P/FCF Ratio: 10.08
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: ¥158.00 ▲(3.95% Upside)

COOKPAD's overall stock score reflects a mix of financial recovery and technical challenges. The most significant factor is the financial performance, which shows improved profitability and a strong balance sheet, but declining revenues are a concern. Technical analysis indicates bearish momentum, with the stock being oversold. Valuation is reasonable, suggesting potential for growth if operational improvements are sustained.

Positive Factors

Balance Sheet Strength

COOKPAD's strong equity ratio and low debt-to-equity ratio highlight its financial stability, providing a solid foundation for future growth and resilience against economic fluctuations.

Profitability Improvement

The significant improvement in net profit margin indicates effective cost management and operational efficiency, positioning COOKPAD for sustained profitability and competitive advantage.

Cash Flow Recovery

The turnaround in cash flow from operations suggests enhanced cash generation ability, supporting long-term investments and operational stability.

Negative Factors

Declining Revenue

The persistent decline in revenue raises concerns about COOKPAD's market position and growth prospects, potentially impacting its ability to sustain long-term profitability.

Historical Cash Flow Challenges

Despite recent improvements, past cash flow issues suggest potential vulnerabilities in COOKPAD's financial management, which could affect future liquidity and investment capacity.

Revenue Growth Decline

Negative revenue growth indicates challenges in expanding market share and attracting new users, which may hinder COOKPAD's ability to leverage its platform for future revenue streams.

COOKPAD Business Overview & Revenue Model

Company Description

Cookpad Inc. operates a community platform to share recipe ideas and cooking tips worldwide. It also engages in Cookpad mart and TV businesses. The company was formerly known as Coin Ltd. and changed its name to Cookpad Inc. in June 1999. Cookpad Inc. was founded in 1997 and is based in Tokyo, Japan.

How the Company Makes Money

COOKPAD generates revenue through a combination of subscription services, advertising, and partnerships. One of its primary revenue streams comes from premium subscriptions, where users pay for enhanced features such as ad-free browsing and exclusive access to special content. Additionally, the company earns revenue from advertisements placed on its platform, leveraging its large user base to attract food brands and related businesses. Significant partnerships with food manufacturers and grocery delivery services also contribute to its earnings, as COOKPAD can facilitate direct product placements and sponsored content within its recipes and cooking guides.

COOKPAD Financial Statement Overview

Summary

COOKPAD's financial performance shows signs of recovery with improved profitability and a strong balance sheet. The income statement reflects a significant improvement in net profit margin, although declining revenues remain a concern. The balance sheet is robust with low leverage and high equity, while cash flow metrics have improved, indicating better financial health. However, past inconsistencies in cash flow and revenue declines warrant caution.

Income Statement

COOKPAD has shown significant volatility in its income statement metrics. The gross profit margin remains high at approximately 99.2% for 2024, indicating efficient cost management. However, net profit margin has drastically improved from -29.3% in 2023 to 22.7% in 2024, signaling a recovery from previous losses. Revenue has been declining over the years, with a drop from 7.6 billion in 2023 to 5.9 billion in 2024. Despite a positive EBIT margin in 2024, historical EBIT and EBITDA margins have been negative, reflecting past operational challenges.

Balance Sheet

The balance sheet indicates strong equity with an equity ratio of 90.7% in 2024, showcasing financial stability. The debt-to-equity ratio remains low at 0.06, which is favorable. Return on equity has turned positive at 9.8% in 2024, marking an improvement in profitability. Overall, the company maintains a solid balance sheet with low leverage and significant cash reserves.

Cash Flow

Cash flow from operations has improved to 1.5 billion in 2024 from a negative 2.2 billion in 2023, indicating better cash generation. Free cash flow is positive at 1.3 billion in 2024, a significant turnaround from previous years. The operating cash flow to net income ratio is strong, reflecting efficient cash utilization. Despite the improvements, historical cash flow challenges highlight potential risks.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.58B	5.88B	7.61B	9.09B	10.00B	11.10B
Gross Profit	5.51B	5.83B	7.29B	8.66B	9.57B	10.68B
EBITDA	831.55M	1.47B	-2.06B	-3.06B	-2.08B	683.10M
Net Income	622.00M	1.33B	-2.23B	-3.49B	-2.38B	479.36M
Balance Sheet
Total Assets	13.98B	15.02B	14.60B	20.15B	23.86B	26.51B
Cash, Cash Equivalents and Short-Term Investments	10.24B	12.08B	12.02B	16.86B	20.42B	22.69B
Total Debt	744.95M	837.28M	284.15M	1.14B	1.23B	654.03M
Total Liabilities	1.27B	1.40B	869.76M	2.40B	2.23B	2.00B
Stockholders Equity	12.71B	13.62B	13.73B	17.75B	21.03B	23.32B
Cash Flow
Free Cash Flow	0.00	1.30B	-2.20B	-2.76B	-1.95B	394.06M
Operating Cash Flow	0.00	1.52B	-2.16B	-2.70B	-1.77B	610.74M
Investing Cash Flow	0.00	192.60M	-531.91M	-261.96M	-336.39M	-166.25M
Financing Cash Flow	0.00	-2.34B	-3.08B	-976.49M	-1.09B	-428.19M

COOKPAD Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 152.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2193, the sentiment is Negative. The current price of 152 is below the 20-day moving average (MA) of 152.25, above the 50-day MA of 150.26, and below the 200-day MA of 175.34, indicating a bearish trend. The MACD of -0.19 indicates Positive momentum. The RSI at 42.87 is Neutral, neither overbought nor oversold. The STOCH value of 5.88 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2193.

COOKPAD Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3922	77 Outperform	¥35.59B	16.65	―	0.38%	18.02%	46.43%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
2454	59 Neutral	¥5.49B	96.61	―	0.77%	4.75%	―
2193	56 Neutral	¥12.13B	11.78	4.78%	―	-10.17%	-19.44%
3815	49 Neutral	¥5.16B	-9.03	―	―	-6.92%	-86.77%
7356	45 Neutral	¥2.22B	187.84	―	―	4.36%	―
3645	43 Neutral	¥2.64B	68.12	―	1.01%	13.89%	82.37%