AltPlus Inc. (3672) AI Stock Analysis

• Market Cap: ¥3.03B
• Dividend Yield: N/A
• Average Volume (3M): 1.09M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.84
• Revenue Growth: -22.25%
• EPS Growth: -14.77%
• Country: JP
• Employees: 217
• Sector: Communication Services
• Sector Strength: 87
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): -1.10
• Shares Outstanding: 39,402,035
• 10 Day Avg. Volume: 1,679,830
• 30 Day Avg. Volume: 1,090,533
• PEG Ratio: -0.07
• Price to Book (P/B): 5.59
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -7.09
• 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: 41 Neutral
• Price Target: ―

AltPlus Inc. faces major financial difficulties, characterized by persistent losses, declining margins, and negative cash flow. Technically, the stock is in a significant downtrend, and its negative P/E ratio complicates valuation. Without new corporate events or earnings guidance, the overall outlook remains challenging.

AltPlus Inc. Business Overview & Revenue Model

Company Description

AltPlus Inc. (3672) is a Japanese company primarily engaged in the mobile gaming industry. It specializes in the planning, development, and distribution of social games and applications for smartphones and other connected devices. The company also offers business solutions and services related to game operations, such as customer support and marketing.

How the Company Makes Money

AltPlus Inc. generates revenue through various streams, predominantly from in-app purchases within its mobile games, where users can buy virtual goods or currency to enhance their gaming experience. The company also earns money through advertising within its games and applications. Additionally, AltPlus provides operation support services to other gaming companies, which includes marketing, customer service, and server management, contributing to its revenue. Strategic partnerships with other gaming and technology firms further augment its financial performance by expanding its market reach and enhancing its service offerings.

AltPlus Inc. Financial Statement Overview

Summary

AltPlus Inc. faces significant financial challenges across all financial statements. The income statement shows persistent losses and declining margins, the balance sheet, despite no debt, indicates a weakening equity base, and cash flow statements reflect operational inefficiencies with negative cash flow generation.

Income Statement

AltPlus Inc. has struggled to maintain profitability, with consistent negative EBIT and net income over the years. The gross profit margin has decreased considerably, highlighting challenges in cost management. Revenue growth has been negative in recent periods, suggesting difficulties in sustaining sales momentum. Overall, the income statement reflects significant financial challenges.

Balance Sheet

The company maintains a strong liquidity position with substantial cash reserves and no debt, resulting in a robust equity ratio. However, the declining stockholders' equity and total assets indicate potential risks in long-term financial stability. Despite the absence of leverage risks, the balance sheet shows a weakening equity base.

Cash Flow

AltPlus Inc. has experienced negative free cash flow and operating cash flow across recent periods, highlighting operational inefficiencies. The lack of positive cash flow growth and the inability to generate cash from operations pose significant concerns. Despite some cash inflows from financing activities, the cash flow statement reflects ongoing cash management challenges.

Breakdown
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
3.29B	3.52B	4.39B	6.00B	7.29B	5.95B
	Gross Profit
184.85M	214.94M	373.39M	228.03M	487.68M	523.25M
	EBIT
-442.31M	-452.77M	-556.08M	-801.76M	-554.84M	-292.29M
	EBITDA
-424.68M	-444.94M	-391.57M	-761.16M	-350.36M	-105.27M
	Net Income Common Stockholders
-457.33M	-452.27M	-420.60M	-780.30M	-389.10M	-139.47M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
666.00M	766.13M	847.35M	783.87M	1.52B	1.64B
	Total Assets
1.37B	1.54B	1.90B	1.97B	2.92B	3.06B
	Total Debt
0.00	0.00	0.00	116.67M	171.67M	45.00M
	Net Debt
-666.00M	-766.13M	-847.35M	-667.20M	-1.35B	-1.60B
	Total Liabilities
740.00M	763.77M	943.53M	1.04B	1.22B	974.12M
	Stockholders Equity
623.00M	774.32M	950.46M	928.01M	1.69B	2.08B
Cash Flow		Free Cash Flow
0.00	-411.23M	-456.15M	-731.36M	-64.09M	-147.15M
	Operating Cash Flow
0.00	-410.77M	-452.04M	-710.62M	-63.84M	-146.12M
	Investing Cash Flow
0.00	62.97M	309.42M	94.24M	-317.40M	-148.30M
	Financing Cash Flow
0.00	266.58M	326.00M	-54.00M	126.67M	719.42M

AltPlus Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 77.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3672, the sentiment is Positive. The current price of 77 is above the 20-day moving average (MA) of 66.90, above the 50-day MA of 58.92, and above the 200-day MA of 74.58, indicating a bullish trend. The MACD of 5.65 indicates Negative momentum. The RSI at 77.72 is Negative, neither overbought nor oversold. The STOCH value of 71.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3672.

AltPlus Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3661	76 Outperform	¥75.99B	45.14		0.78%	36.56%	47.47%
3632	63 Neutral	$90.45B	37.14	2.39%	2.89%	-14.96%	-72.07%
Sector *	61 Neutral	$14.74B	5.97	-3.99%	6.57%	2.79%	-32.84%
3665	61 Neutral	¥11.70B	27.07		3.56%	-4.43%	-48.23%
3758	53 Neutral	¥5.83B	―		1.79%	-9.05%	-27.30%
3656	45 Neutral	¥6.75B	―		―	-11.13%	28.02%
3672	41 Neutral	¥3.03B	―		―	-22.25%	-14.77%