AGS Corporation (3648) AI Stock Analysis

• Market Cap: ¥20.35B
• Dividend Yield: 2.4%
• Average Volume (3M): 41.20K
• Price to Earnings (P/E): 11.8
• Beta (1Y): 0.78
• Revenue Growth: 21.57%
• EPS Growth: 129.44%
• Country: JP
• Employees: 1,050
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 27.95
• Shares Outstanding: 17,158,731
• 10 Day Avg. Volume: 73,560
• 30 Day Avg. Volume: 41,196
• PEG Ratio: 0.19
• Price to Book (P/B): 0.94
• Price to Sales (P/S): 0.56
• P/FCF Ratio: 35.78
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: ¥1,276.00 ▼(-3.19% Downside)
• Action: Reiterated Date: 02/05/26
• Date: Action: Reiterated 02/05/26

The score is primarily driven by strong financial performance (good growth, improving margins, and a low-leverage balance sheet), supported by an attractive valuation (low P/E and a 2.46% dividend yield). These positives are partially offset by weaker technicals (price below key moving averages and low RSI), and cash-flow metrics that show recent deterioration in free cash flow growth.

Positive Factors

Revenue Growth

Sustained 12.53% top-line growth indicates expanding demand for AGS's IT services and software. Durable revenue expansion supports scale benefits, funds reinvestment in products and talent, and underpins medium‑term margin and cash generation improvement if execution continues.

Negative Factors

Free Cash Flow Collapse

A ~77% drop in FCF growth is a material deterioration that can constrain investments, debt paydown and dividends. Even with revenue and margin gains, a sharp fall in FCF raises concerns about earnings quality, working capital swings or higher capex needs that impair financial flexibility.

AGS Corporation Business Overview & Revenue Model

Company Description

AGS Corporation provides information technology services to the financial industry, public sectors, and enterprises in Japan. It offers mainframe-based contracted calculation services; and peripheral services, such as data entry, printing, and del...

Read more

AGS Corporation provides information technology services to the financial industry, public sectors, and enterprises in Japan. It offers mainframe-based contracted calculation services; and peripheral services, such as data entry, printing, and del...

How the Company Makes Money

null...

AGS Corporation Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	28.67B	24.86B	22.09B	21.07B	21.19B	20.95B
Gross Profit	7.45B	6.16B	5.35B	4.47B	4.57B	4.34B
EBITDA	4.17B	3.15B	2.72B	2.28B	2.29B	2.04B
Net Income	2.09B	1.38B	936.47M	682.48M	638.17M	497.04M
Balance Sheet
Total Assets	21.89B	22.01B	20.82B	20.12B	18.92B	19.45B
Cash, Cash Equivalents and Short-Term Investments	5.73B	5.69B	6.59B	5.88B	5.40B	4.54B
Total Debt	1.45B	1.65B	2.05B	2.06B	1.38B	1.55B
Total Liabilities	6.14B	7.35B	6.97B	6.68B	6.01B	6.95B
Stockholders Equity	15.75B	14.66B	13.85B	13.44B	12.91B	12.50B
Cash Flow
Free Cash Flow	1.05B	386.01M	1.70B	1.09B	1.58B	1.05B
Operating Cash Flow	1.28B	742.04M	2.51B	1.71B	2.12B	1.75B
Investing Cash Flow	-286.04M	-608.45M	-595.27M	-475.22M	-518.83M	-702.38M
Financing Cash Flow	-949.03M	-1.03B	-1.20B	-756.48M	-744.15M	-699.29M

AGS Corporation Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1318.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3648, the sentiment is Negative. The current price of 1318 is above the 20-day moving average (MA) of 1211.55, above the 50-day MA of 1277.00, and above the 200-day MA of 1245.26, indicating a bearish trend. The MACD of -29.63 indicates Positive momentum. The RSI at 37.15 is Neutral, neither overbought nor oversold. The STOCH value of 12.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3648.

AGS Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4333	81 Outperform	¥22.03B	19.31	―	3.86%	0.50%	17.15%
3771	77 Outperform	¥28.96B	12.67	―	2.93%	11.53%	23.23%
3921	76 Outperform	¥23.31B	13.78	―	2.53%	16.13%	62.27%
3835	75 Outperform	¥18.88B	30.80	―	3.14%	0.50%	-2.92%
3648	74 Outperform	¥20.35B	11.79	―	2.40%	21.57%	129.44%
3853	73 Outperform	¥25.49B	12.24	―	0.82%	―	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%