DeNA Co (2432) AI Stock Analysis

• Market Cap: $296.15B
• Dividend Yield: 2.47%
• Average Volume (3M): 2.14M
• Price to Earnings (P/E): 9.2
• Beta (1Y): 0.91
• Revenue Growth: 27.63%
• EPS Growth: N/A
• Country: JP
• Employees: 2,897
• Sector: Industrials
• Sector Strength: 72
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): 100.54
• Shares Outstanding: 122,145,546
• 10 Day Avg. Volume: 2,100,700
• 30 Day Avg. Volume: 2,136,333
• PEG Ratio: -0.09
• Price to Book (P/B): 1.62
• Price to Sales (P/S): 2.38
• P/FCF Ratio: 11.25
• Enterprise Value/Market Cap: 0.90
• Enterprise Value/Revenue: 1.55
• Enterprise Value/Gross Profit: 2.62
• Enterprise Value/Ebitda: 5.84
• 1Y Price Target: $2,078.26
• Price Target Upside: -21.50% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: ¥2,694.00 ▲(1.76% Upside)

DeNA Co's strong financial performance and attractive valuation are the primary drivers of its overall score. The company's robust profitability and solid cash flow generation, combined with a low P/E ratio and healthy dividend yield, position it well in the Electronic Gaming & Multimedia industry. Technical analysis provides mixed signals, slightly tempering the overall positive outlook.

Positive Factors

Revenue Growth

Consistent revenue growth indicates DeNA's ability to expand its market presence and enhance its product offerings, supporting long-term business sustainability.

Balance Sheet Strength

A conservative balance sheet with low leverage enhances DeNA's financial stability and flexibility, allowing it to invest in growth opportunities.

Profitability

Robust profitability margins reflect efficient cost management and strong market positioning, supporting sustained financial performance.

Negative Factors

Market Dependency

Heavy reliance on the gaming sector makes DeNA vulnerable to industry-specific risks and changes in consumer preferences, potentially impacting long-term stability.

Earnings Volatility

Lack of earnings call data may indicate potential uncertainty in earnings visibility, affecting investor confidence and long-term planning.

Limited Diversification

Limited diversification beyond gaming may constrain growth opportunities and expose DeNA to sector-specific downturns, impacting resilience.

DeNA Co Business Overview & Revenue Model

Company Description

DeNA Co., Ltd. is a Japanese company primarily engaged in the development and publishing of mobile games and applications. Founded in 1999, the company operates in various sectors including mobile gaming, e-commerce, and healthcare. DeNA is well-known for its popular mobile games, particularly in the role-playing game (RPG) genre, as well as its online services that leverage social networking and cloud computing technologies.

How the Company Makes Money

DeNA generates revenue primarily through the sale of virtual goods within its mobile games, which is a significant portion of its income. The company employs a freemium model, offering games for free while monetizing through in-app purchases. Additionally, DeNA earns revenue from advertising within its applications and through partnerships with other game developers for co-publishing games. The company also has ventures in e-commerce and healthcare, which contribute supplementary revenue streams, though gaming remains its core business. Significant partnerships, including collaborations with major franchises and other tech firms, enhance its market reach and revenue potential.

DeNA Co Financial Statement Overview

Summary

DeNA Co exhibits strong financial health with consistent revenue growth, robust profitability, and solid cash flow generation. The company maintains a conservative balance sheet with low leverage, enhancing financial stability.

Income Statement

DeNA Co has shown strong revenue growth with a 4.72% increase in the TTM period. The company maintains a healthy gross profit margin of 58.97% and a net profit margin of 18.83%, indicating robust profitability. EBIT and EBITDA margins are also solid at 23.16% and 26.47%, respectively, reflecting efficient operational management.

Balance Sheet

The balance sheet is stable with a low debt-to-equity ratio of 0.18, suggesting conservative leverage. Return on equity is strong at 13.67%, indicating effective use of shareholder funds. The equity ratio stands at 65.66%, highlighting a solid equity base relative to total assets.

Cash Flow

Cash flow performance is commendable with a positive free cash flow growth rate of 1.60% in the TTM period. The operating cash flow to net income ratio is 1.20, showing strong cash generation relative to net income. The free cash flow to net income ratio of 0.87 further supports the company's ability to generate cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	171.74B	164.00B	136.73B	134.91B	130.87B	136.97B
Gross Profit	101.28B	92.64B	60.99B	64.09B	65.94B	74.93B
EBITDA	45.46B	35.84B	-18.44B	17.45B	20.89B	34.82B
Net Income	32.35B	24.19B	-28.68B	8.86B	30.53B	25.63B
Balance Sheet
Total Assets	409.24B	394.19B	335.71B	348.94B	340.57B	327.12B
Cash, Cash Equivalents and Short-Term Investments	89.11B	92.80B	71.80B	98.01B	78.53B	98.31B
Total Debt	49.04B	48.41B	44.51B	45.16B	28.27B	27.14B
Total Liabilities	131.05B	141.31B	115.68B	114.95B	95.66B	98.46B
Stockholders Equity	268.79B	241.73B	209.20B	221.63B	240.63B	223.71B
Cash Flow
Free Cash Flow	33.96B	34.75B	-21.39B	3.23B	11.94B	20.69B
Operating Cash Flow	38.86B	39.00B	-10.84B	10.81B	18.38B	29.97B
Investing Cash Flow	-11.18B	-12.26B	-12.63B	12.45B	-19.92B	-8.64B
Financing Cash Flow	-9.55B	-5.46B	-4.10B	-4.93B	-18.55B	6.61B

DeNA Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2647.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2432, the sentiment is Positive. The current price of 2647.5 is above the 20-day moving average (MA) of 2523.55, above the 50-day MA of 2393.70, and below the 200-day MA of 2825.05, indicating a neutral trend. The MACD of 85.95 indicates Negative momentum. The RSI at 62.44 is Neutral, neither overbought nor oversold. The STOCH value of 37.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2432.

DeNA Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2432	78 Outperform	$296.15B	9.23	13.60%	2.47%	27.63%	―
2121	74 Outperform	$201.21B	12.49	9.69%	4.10%	5.64%	115.77%
3765	65 Neutral	$142.28B	25.10	4.72%	2.39%	-9.67%	-56.16%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
3932	63 Neutral	¥38.22B	50.95	―	4.22%	-10.86%	-64.25%
3632	54 Neutral	¥69.85B	17.06	4.14%	2.07%	-2.61%	116.80%
3903	47 Neutral	¥21.91B	6.25	―	―	-39.08%	―

DeNA Co Corporate Events

DeNA Unveils Shareholder Benefit Program for FY 2025

DeNA Co., Ltd. has announced the details of its shareholder benefit program for the fiscal year ending March 31, 2026. The program aims to express gratitude to shareholders, enhance investment appeal, and deepen shareholder understanding of the company’s business. Benefits include vouchers and discounts related to the company’s sports teams and facilities, encouraging shareholders to engage with DeNA’s offerings.

The most recent analyst rating on (JP:2432) stock is a Hold with a Yen2070.00 price target. To see the full list of analyst forecasts on DeNA Co stock, see the JP:2432 Stock Forecast page.

DeNA Co. Reports Strong Quarterly Growth Across Key Segments

DeNA Co., Ltd. is a diversified company primarily engaged in internet services, including gaming, live streaming, sports, and healthcare, listed on the Tokyo Stock Exchange. In its latest earnings report for the quarter ending June 30, 2025, DeNA Co. reported significant growth across several key financial metrics, showcasing a robust performance compared to the previous year. The company achieved a 22.8% increase in revenue to ¥41,727 million, while operating profit surged by 620% to ¥13,800 million. Profit before tax and profit attributable to owners of the parent also saw substantial increases, rising by 253.6% and 267.1%, respectively.

DeNA Co. Revises Financial Forecast Amid Business Trends

DeNA Co., Ltd. has revised its financial forecast for the fiscal year ending March 31, 2026, reflecting recent business performance trends. The company anticipates a decrease in revenue and profit due to conservative assumptions about its Game Business, particularly the Pokémon Trading Card Game Pocket. Despite this, DeNA aims for profit growth in its Live Streaming Business and revenue improvements in its Healthcare & Medical Business, while continuing to invest in new technologies and smart city projects.

The most recent analyst rating on (JP:2432) stock is a Hold with a Yen4080.00 price target. To see the full list of analyst forecasts on DeNA Co stock, see the JP:2432 Stock Forecast page.

DeNA Co., Ltd. Reports Strong Quarterly Growth but Revises Annual Forecast

DeNA Co., Ltd. reported significant financial growth for the three months ending June 30, 2025, with a 22.8% increase in revenue and a substantial rise in operating profit by 620% compared to the previous year. Despite this strong quarterly performance, the company has revised its financial forecast for the fiscal year ending March 31, 2026, indicating expected declines in revenue and operating profit, which may impact its market positioning and stakeholder expectations.

The most recent analyst rating on (JP:2432) stock is a Hold with a Yen4080.00 price target. To see the full list of analyst forecasts on DeNA Co stock, see the JP:2432 Stock Forecast page.