Kushim,Inc. (2345) AI Stock Analysis

• Market Cap: ¥4.35B
• Dividend Yield: N/A
• Average Volume (3M): 647.44K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.39
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: JP
• Employees: 80
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -2.67
• Shares Outstanding: 18,608,732
• 10 Day Avg. Volume: 511,790
• 30 Day Avg. Volume: 647,436
• PEG Ratio: -1.76
• Price to Book (P/B): 4.10
• Price to Sales (P/S): 3.64
• P/FCF Ratio: -9.61
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: ¥244.00 ▲(2.09% Upside)

Kushim, Inc. faces significant financial challenges with negative profitability and cash flow, despite revenue growth. Technical indicators suggest a bearish trend, and valuation metrics highlight ongoing losses. The lack of earnings call data and corporate events further limits positive outlook.

Positive Factors

Revenue Growth

Strong revenue growth indicates increasing demand for Kushim's SaaS platform, suggesting robust market positioning and potential for future expansion.

Cash Reserves

High cash reserves provide liquidity and financial flexibility, enabling Kushim to invest in growth opportunities and weather financial challenges.

Market Position

Focusing on the cannabis industry positions Kushim to capitalize on a growing market with tailored solutions, enhancing its competitive advantage.

Negative Factors

Negative Profitability

Ongoing net losses and negative margins highlight operational inefficiencies and cost challenges, threatening long-term financial sustainability.

High Leverage

High leverage increases financial risk, potentially limiting Kushim's ability to secure additional funding and invest in growth initiatives.

Negative Cash Flow

Negative cash flows from operations suggest cash management issues, which could hinder Kushim's ability to sustain operations and fund future growth.

Kushim,Inc. Business Overview & Revenue Model

Company Description

Kushim, Inc. is a technology-driven company specializing in supply chain management solutions tailored for the cannabis industry. The company focuses on providing software and services that enhance operational efficiency and compliance for businesses involved in the cultivation, processing, and distribution of cannabis products. Kushim's core offerings include inventory tracking, regulatory compliance tools, and analytics services that help businesses optimize their operations and navigate the complexities of the cannabis market.

How the Company Makes Money

Kushim, Inc. generates revenue primarily through subscription fees for its software-as-a-service (SaaS) platform, which provides users with essential tools for managing their cannabis operations. Key revenue streams include monthly and annual subscription plans, consulting services for implementation and compliance, and transaction fees for integrated payment processing solutions. Additionally, the company may form strategic partnerships with cannabis distributors and cultivation facilities, enhancing its service offerings and expanding its customer base, which further contributes to its earnings.

Kushim,Inc. Financial Statement Overview

Summary

Kushim, Inc. faces significant financial challenges with negative margins and cash flow issues, despite revenue growth. High leverage and negative profitability metrics pose risks, though substantial cash reserves provide some liquidity.

Income Statement

Kushim, Inc. has experienced significant revenue growth from 2023 to 2024, but this is overshadowed by substantial net losses and negative margins. The company has a negative EBIT and EBITDA margin, indicating operational inefficiencies and high costs relative to revenue. The net profit margin is also deeply negative, reflecting ongoing profitability challenges.

Balance Sheet

The company's balance sheet shows a high level of cash and short-term investments, which provides liquidity. However, the debt-to-equity ratio is concerning, as liabilities far exceed equity, indicating high leverage. The equity ratio is low, suggesting potential financial instability. Despite these challenges, the company maintains a positive net debt position, which is a strength.

Cash Flow

Kushim, Inc. faces negative operating and free cash flows, indicating cash outflows from core operations. The operating cash flow to net income ratio is negative, highlighting cash flow challenges relative to reported losses. The free cash flow growth rate is negative, reflecting deteriorating cash generation capabilities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	463.70M	1.61B	962.80M	1.62B	1.62B	1.86B
Gross Profit	13.59M	638.38M	-558.42M	785.07M	379.21M	535.58M
EBITDA	-1.29B	-1.66B	-1.25B	854.00M	-253.49M	249.34M
Net Income	-2.20B	-1.96B	-2.74B	619.02M	-362.70M	154.94M
Balance Sheet
Total Assets	488.00M	86.54B	61.66B	6.44B	3.79B	2.38B
Cash, Cash Equivalents and Short-Term Investments	244.00M	78.43B	7.75B	1.17B	1.69B	552.19M
Total Debt	0.00	1.37B	1.04B	308.83M	369.44M	417.16M
Total Liabilities	58.00M	85.11B	57.63B	596.04M	728.13M	833.35M
Stockholders Equity	430.00M	1.43B	4.03B	5.85B	3.07B	1.55B
Cash Flow
Free Cash Flow	0.00	-610.56M	-266.00M	-1.00B	-78.07M	52.37M
Operating Cash Flow	0.00	-607.47M	-200.00M	-999.61M	-49.07M	109.37M
Investing Cash Flow	0.00	-301.27M	612.81M	66.96M	-380.09M	-561.94M
Financing Cash Flow	0.00	942.78M	-52.76M	354.37M	1.57B	-66.66M

Kushim,Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 239.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2345, the sentiment is Positive. The current price of 239 is above the 20-day moving average (MA) of 234.35, below the 50-day MA of 241.58, and above the 200-day MA of 230.06, indicating a neutral trend. The MACD of -4.92 indicates Negative momentum. The RSI at 51.24 is Neutral, neither overbought nor oversold. The STOCH value of 65.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2345.

Kushim,Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5257	75 Outperform	¥4.05B	14.21	―	―	8.61%	-9.25%
5134	73 Outperform	¥3.35B	13.77	―	―	38.35%	632.28%
4075	72 Outperform	¥5.67B	40.39	―	―	25.01%	175.85%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
4069	53 Neutral	¥6.44B	61.66	―	―	24.09%	141.68%
3917	50 Neutral	¥3.86B	―	―	―	17.30%	99.39%
2345	49 Neutral	¥4.35B	-1.09	―	―	―	―