Mandarake Inc. (2652) AI Stock Analysis

• Market Cap: ¥11.49B
• Dividend Yield: 0.31%
• Average Volume (3M): 105.42K
• Price to Earnings (P/E): 9.3
• Beta (1Y): 0.73
• Revenue Growth: 8.04%
• EPS Growth: -19.57%
• Country: JP
• Employees: 347
• Sector: Consumer Cyclical
• Sector Strength: 65
• Industry: Specialty Retail
• EPS (TTM): 12.43
• Shares Outstanding: 36,180,000
• 10 Day Avg. Volume: 112,379
• 30 Day Avg. Volume: 105,419
• 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: 75 Outperform
• Price Target: ¥335.00 ▲(6.69%Upside)

Mandarake Inc. exhibits strong financial health and an attractive valuation, with solid revenue growth and profitability. Despite mixed technical indicators, the stock's undervaluation presents potential opportunities. Attention to debt levels and long-term stability is advisable.

Mandarake Inc. Business Overview & Revenue Model

Company Description

Mandarake Inc. (2652) is a Japanese company renowned for its chain of retail stores and its online platform specializing in the sale of second-hand and rare items. Founded in 1980, Mandarake caters to collectors and enthusiasts of manga, anime, toys, video games, and other pop culture memorabilia. The company operates several stores across Japan and maintains a robust e-commerce platform, making it a go-to destination for both domestic and international shoppers seeking unique and nostalgic items.

How the Company Makes Money

Mandarake Inc. generates revenue primarily through the sale of second-hand goods, leveraging both its physical retail locations and its online marketplace. The company sources products from individual sellers, allowing customers to bring in items that Mandarake then appraises and purchases for resale. This business model enables Mandarake to maintain a diverse and constantly changing inventory, attracting repeat customers and collectors. Additionally, Mandarake benefits from a global customer base through its online platform, which extends its reach beyond Japan. The company may also generate revenue from hosting auctions for rare and high-value items, further diversifying its income streams.

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
EBITDA	2.33B	2.11B	1.18B	840.85M	535.29M
Net Income	1.38B	1.25B	587.48M	357.39M	139.19M
Balance Sheet
Total Assets	18.09B	17.92B	16.67B	16.12B	15.85B
Cash, Cash Equivalents and Short-Term Investments	1.25B	1.47B	845.47M	736.35M	766.57M
Total Debt	5.06B	6.15B	6.45B	6.78B	7.05B
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: Positive
• Last Price: 314.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2652, the sentiment is Positive. The current price of 314 is above the 20-day moving average (MA) of 298.30, above the 50-day MA of 297.46, and below the 200-day MA of 353.01, indicating a neutral trend. The MACD of 5.57 indicates Negative momentum. The RSI at 64.65 is Neutral, neither overbought nor oversold. The STOCH value of 81.58 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	¥30.45B	7.57		0.91%	2.32%	80.21%
2652	75 Outperform	¥11.49B	9.28		0.31%	8.04%	-19.57%
2751	74 Outperform	¥39.47B	19.33		0.27%	24.11%	22.03%
3093	73 Outperform	¥42.84B	15.28		0.22%	19.76%	11.62%
2674	72 Outperform	¥23.46B	10.15		4.52%	11.38%	10.55%
Sector *	63 Neutral	$16.78B	10.88	-7.08%	3.04%	1.73%	-25.15%