Choei Inc. (JP:2993)
:2993
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Choei Inc.
(2993)
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Rating:63Neutral
Price Target:
¥2,636.00
▲(17.16% Upside)
Action:DowngradedDate:03/24/26
The score is anchored by strong reported growth/profitability but constrained by high leverage and inconsistent free cash flow, which increase balance-sheet and funding risk. Technicals are moderately supportive with a positive longer-term trend, and valuation is notably attractive due to the low P/E and solid dividend yield.
Positive Factors
Revenue and Net Margin Expansion
Very strong 2025 revenue growth (~99%) combined with a jump in net margin to ~21% indicates durable demand traction and improved earnings conversion. This supports sustainable earnings power, greater internal funding capacity and resilience across the next several quarters.
Negative Factors
High Leverage
A leverage ratio near 4.1x equity leaves limited financial flexibility and elevates refinancing, interest and covenant risks. High historical leverage magnifies vulnerability to cyclical slowdowns and raises the cost of opportunistic investments or aggressive growth moves.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Net Margin Expansion
Very strong 2025 revenue growth (~99%) combined with a jump in net margin to ~21% indicates durable demand traction and improved earnings conversion. This supports sustainable earnings power, greater internal funding capacity and resilience across the next several quarters.
Read all positive factors
Choei Inc. (2993) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥11.11B
Dividend Yield4.08%
Average Volume (3M)1.45K
Price to Earnings (P/E)7.9
Beta (1Y)0.34
Revenue Growth7.75%
EPS Growth56.88%
CountryJP
Employees250
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)71.51
Shares Outstanding4,473,400
10 Day Avg. Volume830
30 Day Avg. Volume1,450
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)0.77
Price to Sales (P/S)0.92
P/FCF Ratio-1.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Choei Inc. Business Overview & Revenue Model
Company Description
Choei Inc. provides condominium management services in Japan. It offers rental real estate management, real estate leasing, real estate sales and rental brokerage, real estate development, home remodeling, monthly apartment, and rental services. T...
Choei Inc. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
46
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.18B | 10.02B | 9.37B | 9.16B | 8.48B | 8.03B |
| Gross Profit | 3.45B | 3.35B | 3.51B | 3.54B | 3.13B | 2.86B |
| EBITDA | 3.40B | 3.38B | 3.81B | 3.64B | 3.24B | 3.19B |
| Net Income | 2.05B | 2.07B | 1.26B | 1.37B | 1.56B | 982.30M |
Balance Sheet | ||||||
| Total Assets | 66.66B | 66.69B | 60.65B | 56.85B | 53.57B | 52.24B |
| Cash, Cash Equivalents and Short-Term Investments | 11.00B | 11.86B | 10.10B | 7.44B | 8.42B | 6.95B |
| Total Debt | 49.23B | 48.90B | 44.24B | 42.22B | 38.86B | 42.70B |
| Total Liabilities | 55.00B | 54.75B | 50.39B | 47.37B | 44.79B | 45.97B |
| Stockholders Equity | 11.66B | 11.93B | 10.26B | 9.48B | 8.78B | 6.27B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -5.08B | -1.91B | -3.65B | 2.09B | -969.36M |
| Operating Cash Flow | 0.00 | 1.88B | 3.22B | 2.02B | 3.70B | 2.21B |
| Investing Cash Flow | 0.00 | -4.24B | -2.02B | -5.66B | 656.52M | -3.13B |
| Financing Cash Flow | 0.00 | 4.11B | 1.46B | 2.66B | -2.90B | 1.07B |
Choei Inc. Technical Analysis
Positive
2250.00
Price Trends
2491.88
Positive
2362.01
Positive
2235.39
Positive
Market Momentum
16.67
Positive
54.60
Neutral
50.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2993, the sentiment is Positive. The current price of 2250 is below the 20-day moving average (MA) of 2571.65, below the 50-day MA of 2491.88, and above the 200-day MA of 2235.39, indicating a bullish trend. The MACD of 16.67 indicates Positive momentum. The RSI at 54.60 is Neutral, neither overbought nor oversold. The STOCH value of 50.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2993.
Choei Inc. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ¥9.07B | 11.12 | ― | 3.66% | 23.91% | 19.62% | |
82 Outperform | ¥12.01B | 11.85 | ― | 4.98% | 3.29% | -1.74% | |
74 Outperform | ¥11.53B | -8.27 | ― | 3.18% | -4.65% | 77.74% | |
66 Neutral | ¥11.65B | 15.34 | ― | 3.69% | 1.88% | -82.78% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | ¥11.11B | 7.85 | ― | 4.08% | 7.75% | 56.88% | |
59 Neutral | ¥13.53B | 6.93 | ― | 1.47% | 20.82% | 9.86% |
* Real Estate Sector Average
JP:2993
Choei Inc.
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486.94
23.12%
JP:2991
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1,415.00
421.33
42.40%
JP:4262
NIFTY Lifestyle Co.,Ltd.
1,430.00
256.07
21.81%
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Century21 Real Estate of Japan Ltd.
1,152.00
61.46
5.64%
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SUNNEXTA GROUP, Inc.
1,199.00
231.68
23.95%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.