CrowdWorks, Inc. (3900) AI Stock Analysis

• Market Cap: ¥16.63B
• Dividend Yield: 1.71%
• Average Volume (3M): 67.66K
• Price to Earnings (P/E): 22.4
• Beta (1Y): 0.84
• Revenue Growth: 33.02%
• EPS Growth: -38.91%
• Country: JP
• Employees: 483
• Sector: Industrials
• Sector Strength: 89
• Industry: Staffing & Employment Services
• EPS (TTM): 8.34
• Shares Outstanding: 15,794,959
• 10 Day Avg. Volume: 77,830
• 30 Day Avg. Volume: 67,656
• PEG Ratio: -1.44
• Price to Book (P/B): 2.28
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: 72 Outperform
• Price Target: ¥1,169.00 ▲(11.02%Upside)

CrowdWorks, Inc. is supported by strong financial performance, particularly in revenue growth and profit margins, although cash flow challenges are a concern. Technical indicators suggest positive momentum. Valuation appears relatively high, which could limit upside potential.

CrowdWorks, Inc. Business Overview & Revenue Model

Company Description

CrowdWorks, Inc. operates as a leading online crowdsourcing platform primarily in Japan, enabling businesses to connect with freelancers and remote workers across various industries. The company facilitates a wide array of services such as software development, design, writing, and other specialized freelance tasks, catering to companies in need of flexible and scalable workforce solutions.

How the Company Makes Money

CrowdWorks, Inc. generates revenue primarily through its online platform by charging service fees for successful transactions between clients and freelancers. The company earns a commission on each project completed through its platform, typically by taking a percentage of the agreed project fee. Additionally, CrowdWorks may offer premium subscription plans for freelancers and businesses, providing enhanced features and visibility for a fee. The company also benefits from strategic partnerships with corporations seeking to utilize its platform for large-scale outsourcing projects, further diversifying its revenue streams.

CrowdWorks, Inc. Financial Statement Overview

Summary

CrowdWorks, Inc. shows strong revenue and profit growth with a Revenue Growth Rate of 40.72% and healthy EBIT and EBITDA margins. The balance sheet is solid with low debt levels, but cash flow management presents a challenge with zero free cash flow in the TTM.

Income Statement

CrowdWorks, Inc. demonstrates strong revenue and profit growth, with a Revenue Growth Rate of 40.72% from 2023 to 2024 and a consistent increase in Gross Profit Margin to 44.27% for the TTM. EBIT and EBITDA margins are healthy, at 7.19% and 8.73% respectively. However, Net Profit Margin slightly decreased to 4.66% for the TTM.

Balance Sheet

The company maintains a solid financial position with a Debt-to-Equity Ratio of 0.77 and a strong Equity Ratio of 40.97% for the TTM. However, the Return on Equity (ROE) decreased to 12.15% for the TTM, indicating potential inefficiencies in generating returns for shareholders.

Cash Flow

CrowdWorks, Inc. faces challenges in cash flow management, with a Free Cash Flow of zero in the TTM. Despite this, historical data shows positive operating and free cash flow in previous years. The Operating Cash Flow to Net Income Ratio and Free Cash Flow to Net Income Ratio are not calculable for the TTM due to zero cash flows.

Breakdown	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	17.11B	13.21B	10.57B	7.77B	8.73B
Gross Profit	7.85B	6.14B	4.81B	3.48B	3.32B
EBITDA	1.67B	1.33B	972.89M	673.31M	-20.62M
Net Income	910.76M	1.10B	802.87M	622.42M	-50.05M
Balance Sheet
Total Assets	13.54B	10.00B	7.64B	6.22B	5.11B
Cash, Cash Equivalents and Short-Term Investments	5.96B	5.77B	5.15B	4.25B	3.46B
Total Debt	2.03B	696.90M	123.28M	100.00M	100.65M
Total Liabilities	6.23B	3.96B	2.97B	2.41B	1.98B
Stockholders Equity	7.20B	6.02B	4.67B	3.79B	3.13B
Cash Flow
Free Cash Flow	1.68B	1.35B	1.15B	854.52M	-34.19M
Operating Cash Flow	1.68B	1.35B	1.15B	868.79M	-989.00K
Investing Cash Flow	-2.44B	-1.17B	-262.36M	-95.37M	536.58M
Financing Cash Flow	960.63M	436.34M	8.34M	5.09M	-383.12M

CrowdWorks, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1053.00
• 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:3900, the sentiment is Negative. The current price of 1053 is above the 20-day moving average (MA) of 1038.60, above the 50-day MA of 1045.42, and below the 200-day MA of 1238.11, indicating a neutral trend. The MACD of 6.30 indicates Negative momentum. The RSI at 49.15 is Neutral, neither overbought nor oversold. The STOCH value of 52.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3900.

CrowdWorks, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6539	79 Outperform	¥23.50B	22.64		5.96%	63.38%	-8.52%
3900	72 Outperform	¥16.63B	22.37		1.71%	33.02%	-38.91%
3991	72 Outperform	¥12.50B	10.32		1.52%	4.14%	22.46%
6070	68 Neutral	¥25.83B	14.17		5.49%	-7.75%	-16.92%
2410	67 Neutral	¥9.90B	10.70		4.75%	2.50%	-7.87%
Sector *	65 Neutral	$10.81B	15.25	5.26%	1.93%	3.11%	-26.99%
4433	55 Neutral	¥19.27B	50.44		3.33%	4.12%	38.91%

CrowdWorks, Inc. Corporate Events

CrowdWorks, Inc. Reports Strong Revenue Growth Amidst Profit Decline

CrowdWorks, Inc. reported a significant increase in net sales and gross profit for the six months ending March 31, 2025, with net sales rising by 37.9% year-on-year. Despite the revenue growth, the company’s profit attributable to owners of the parent decreased by 36.5%. The company has also undergone changes in its consolidation scope, adding two companies and excluding one, which could impact its future financial performance.