Mandarake Inc. (2652) AI Stock Analysis

• Market Cap: ¥10.35B
• Dividend Yield: 0.34%
• Average Volume (3M): 116.44K
• Price to Earnings (P/E): 8.3
• Beta (1Y): 0.80
• Revenue Growth: 8.04%
• EPS Growth: -19.57%
• Country: JP
• Employees: 347
• Sector: Consumer Cyclical
• Sector Strength: 58
• Industry: Specialty Retail
• EPS (TTM): 12.43
• Shares Outstanding: 36,180,000
• 10 Day Avg. Volume: 104,690
• 30 Day Avg. Volume: 116,436
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 67 Neutral
• Price Target: ¥323.00 ▲(12.54%Upside)

Mandarake Inc. has a robust financial foundation with strong income growth and profitability. However, the technical analysis indicates a bearish trend, which could impede short-term stock performance. The valuation is attractive, presenting a potential opportunity for long-term investors, though the current market sentiment and technical weakness warrant caution.

Mandarake Inc. Business Overview & Revenue Model

Company Description

Mandarake Inc. (2652) is a Japanese company renowned for its extensive retail operations in the sale of pre-owned and collectible items. Specializing in manga, anime merchandise, video games, toys, and other related pop culture goods, the company operates through a mix of physical stores and online platforms. Mandarake caters to a global audience of collectors and enthusiasts, offering a wide array of rare and vintage items that appeal to niche markets.

How the Company Makes Money

Mandarake Inc. generates revenue primarily through the sale of secondhand goods, including manga, anime merchandise, and other collectibles. The company's revenue streams are diversified across its network of brick-and-mortar stores located in major Japanese cities and its robust online marketplace that serves international customers. Sales of rare and vintage items often command high prices, contributing significantly to its overall earnings. Additionally, Mandarake may engage in auction services and special events that attract collectors and drive sales. Effective sourcing of unique and desirable inventory, along with strategic marketing to a global customer base, are key factors in the company's revenue generation.

Mandarake Inc. Financial Statement Overview

Summary

Mandarake Inc. demonstrates strong financial performance with consistent revenue growth and robust profit margins. The balance sheet is stable with effective debt management, though there is a need to monitor total debt levels. Cash flow management is efficient, supporting operations and investments.

Income Statement

Mandarake Inc. demonstrates strong income statement performance with a consistent revenue growth trajectory, highlighted by a 12.58% increase from 2023 to 2024. Gross profit margins are robust at 54.8%, and the net profit margin improved to 9.5%. EBIT and EBITDA margins also reflect operational efficiency, standing at 14.4% and 16.1%, respectively. Overall, the company shows healthy profitability and growth trends.

Balance Sheet

The balance sheet reflects solid equity growth, with the equity ratio at 60.1%, indicating financial stability. The debt-to-equity ratio decreased to 0.47, showing effective debt management. Return on Equity is strong at 12.7%, driven by increased net income. However, the presence of significant total debt requires careful monitoring to maintain leverage stability.

Cash Flow

Mandarake's cash flow statement shows a positive free cash flow growth of 4.4%, with a solid operating cash flow to net income ratio of 0.79. The free cash flow to net income ratio is at 0.72, indicating effective cash conversion. The company has managed to fund its operations and investments effectively, although a slight decrease in operating cash flow warrants attention.

Breakdown
Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
14.46B	12.84B	10.59B	9.63B	9.02B
	Gross Profit
7.92B	7.02B	5.78B	5.26B	4.78B
	EBIT
2.08B	1.87B	934.07M	600.51M	257.27M
	EBITDA
2.33B	2.11B	1.18B	840.85M	535.29M
	Net Income Common Stockholders
1.38B	1.25B	587.48M	357.39M	139.19M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.25B	1.47B	845.47M	736.35M	766.57M
	Total Assets
18.09B	17.92B	16.67B	16.12B	15.85B
	Total Debt
5.06B	6.15B	6.45B	6.78B	7.05B
	Net Debt
3.81B	4.68B	5.60B	6.04B	6.29B
	Total Liabilities
7.23B	8.30B	8.30B	8.33B	8.41B
	Stockholders Equity
10.86B	9.62B	8.37B	7.79B	7.44B
Cash Flow		Free Cash Flow
995.62M	953.24M	459.63M	240.21M	82.78M
	Operating Cash Flow
1.09B	1.19B	562.06M	392.92M	232.74M
	Investing Cash Flow
-90.50M	-257.47M	-118.59M	-140.02M	-204.91M
	Financing Cash Flow
-1.21B	-309.16M	-334.79M	-283.23M	79.62M

Mandarake Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 287.00
• 50DMA: Negative
• 100DMA: Negative
• 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:2652, the sentiment is Negative. The current price of 287 is below the 20-day moving average (MA) of 290.40, below the 50-day MA of 304.74, and below the 200-day MA of 367.58, indicating a bearish trend. The MACD of -6.19 indicates Negative momentum. The RSI at 39.98 is Neutral, neither overbought nor oversold. The STOCH value of 39.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2652.

Mandarake Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3159	76 Outperform	¥31.00B	7.70		0.90%	2.32%	80.21%
2751	74 Outperform	¥40.48B	19.59		0.26%	24.11%	22.03%
2674	70 Outperform	¥23.96B	10.28		4.40%	11.38%	10.56%
2652	67 Neutral	¥10.35B	8.35		0.34%	8.04%	-19.57%
3093	66 Neutral	¥44.42B	15.56		0.21%	22.50%	20.53%
Sector *	62 Neutral	$6.82B	11.05	2.80%	4.32%	2.67%	-24.92%