GreenBee. Inc. (3913) AI Stock Analysis

• Market Cap: ¥3.36B
• Dividend Yield: N/A
• Average Volume (3M): 66.68K
• Price to Earnings (P/E): 17.2
• Beta (1Y): 0.79
• Revenue Growth: 14.42%
• EPS Growth: 3652.58%
• Country: JP
• Employees: 43
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 38.00
• Shares Outstanding: 2,348,521
• 10 Day Avg. Volume: 115,440
• 30 Day Avg. Volume: 66,680
• PEG Ratio: -0.14
• Price to Book (P/B): 1.06
• Price to Sales (P/S): 1.56
• P/FCF Ratio: 10.88
• 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: 75 Outperform
• Price Target: ¥1,706.00 ▲(31.84% Upside)

The score is driven primarily by strong financial positioning (debt-free balance sheet) and a visible 2024 earnings rebound, supported by bullish technical trend and positive momentum. Offsetting this, multi-year volatility in profitability and cash flow reduces confidence in the durability of the improvement, and valuation is only moderately supportive with no dividend data.

Positive Factors

Debt-free balance sheet

Zero debt materially lowers financial risk and preserves strategic optionality. Over the next 2–6 months this enhances resilience to downturns, allows funding of R&D or targeted M&A from internal resources, and avoids refinancing pressure that can hamper execution.

Margin rebound in 2024

Sustained mid-50s gross margins and a return to net profitability signal a scalable software economics. If maintained, these margins support reinvestment and operating leverage, improving durable earnings power and the company's ability to fund growth without eroding profitability.

Positive cash flow in 2024

Conversion of earnings to free cash flow in 2024 demonstrates improving cash generation, which is essential for sustaining operations, funding organic growth, and reducing dependence on external financing. Reliable cash flow underpins durable capital allocation choices.

Negative Factors

Multi-year earnings/cash volatility

Repeated swings in earnings and cash (notable outflows in 2019, 2021, 2023) indicate inconsistent cash conversion and earnings quality. This volatility undermines confidence that the 2024 improvement is durable and complicates multi-year planning for investment or distributions.

Inconsistent revenue history

A stop-start revenue profile limits the company's ability to scale fixed-cost leverage and to convert higher gross margins into predictable operating profits. Without steadier top-line growth, long-term margin expansion and compounding value creation remain uncertain.

Small organizational scale

A 43-person workforce constrains sales reach, R&D throughput, and customer support capacity. Limited scale raises concentration and execution risk, potentially slowing product development, enterprise sales expansion, and the firm's ability to capitalize on market opportunities consistently.

GreenBee. Inc. Business Overview & Revenue Model

Company Description

GreenBee, Inc. provides software development and services in Japan. The company offers sMedio Face Detector, a face recognition solution; sMedio Emotion Recognition, a facial expression recognition solution; sMedio Gender Recognition and sMedio Age Recognition solutions, which estimates gender and age from a detected face; sMedio Motion Recognition that detects moving people in a video, and recognizes their motions as standing, sitting, walking, running, and falling; and sMedio Object Tracker, objects detection and tracking solution in a video. It also provides tunneling facial image AI analysis system, concrete AI analysis, and motion recognition AI analysis service; Tourbillon, a sophisticated HTML5 browser for digital devices; Valution BD, a blu-ray disc playback software for embedded; JS Backup, a backup tool; and RiskFinder, a web service for vulnerability assessment on Android applications. In addition, the company offers sMedio DTCP MOVE, an app for NAS system; sMedio True VR, a multimedia solution for virtual reality; sMedio True VR Sound, an engine to enable monaural sound to be 3D spatialize sound; sMedio pConnect for connecting the iOS/Android smartphone to PC; and sMedio TV Suite for Android and Windows. Further, it provides IoT solutions comprising temperature management solution for distribution and retail industry, and medical products for cold chain; indoor CO2 concentration monitoring solution; and smart meter reading solution for the energy industry. The company was formerly known as sMedio, Inc. and changed its name to GreenBee, Inc. in April 2024. GreenBee, Inc. was incorporated in 2007 and is headquartered in Tokyo, Japan.

How the Company Makes Money

GreenBee, Inc. generates revenue through the sale of its eco-friendly products and solutions. The company's primary revenue streams include direct sales to consumers and businesses, as well as partnerships with governmental and non-governmental organizations that promote sustainable development initiatives. GreenBee also engages in strategic collaborations with other companies in the renewable energy space to expand its market reach and product offerings. Additionally, the company may benefit from government incentives and subsidies aimed at promoting green technology adoption, which can enhance its financial performance.

GreenBee. Inc. Financial Statement Overview

Summary

GreenBee Inc. exhibits a solid financial position with strong profitability metrics and a healthy balance sheet. Despite a minor dip in revenue, the company has effectively managed its expenses and cash flows, returning to profitability. The absence of debt and strong equity position provide a stable foundation for future growth opportunities.

Income Statement

GreenBee Inc. has shown a strong recovery in its net profit margin and EBIT margin compared to previous years, transitioning from a loss to positive income. The gross profit margin remains healthy at 54.6%, and the company has turned its EBIT margin positive to 6.2%. However, revenue growth has been slightly negative, indicating a need for renewed sales momentum.

Balance Sheet

The company's balance sheet is robust, with a high equity ratio of 91.2% and no debt, indicating financial stability and low leverage risk. The return on equity (ROE) improved significantly due to positive net income, reflecting effective capital utilization.

Cash Flow

GreenBee Inc. has demonstrated strong cash flow management with a substantial free cash flow growth and a high operating cash flow to net income ratio. The transition from negative to positive free cash flow and strong cash reserves support the company's operational liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	828.67M	806.49M	813.67M	827.24M	722.47M	913.93M
Gross Profit	479.69M	440.86M	362.86M	223.77M	405.15M	467.01M
EBITDA	111.55M	57.83M	-33.52M	-186.00M	38.73M	74.19M
Net Income	106.03M	63.83M	-163.68M	-185.05M	1.12M	10.32M
Balance Sheet
Total Assets	1.37B	1.30B	1.19B	1.39B	1.25B	1.26B
Cash, Cash Equivalents and Short-Term Investments	1.07B	932.35M	781.35M	889.36M	570.88M	806.62M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	112.31M	113.78M	125.52M	173.29M	116.42M	150.14M
Stockholders Equity	1.26B	1.19B	1.06B	1.22B	1.13B	1.11B
Cash Flow
Free Cash Flow	0.00	115.75M	-114.22M	117.89M	-250.00M	178.67M
Operating Cash Flow	0.00	121.00M	-108.89M	123.66M	-248.48M	189.66M
Investing Cash Flow	0.00	-22.22M	-5.32M	-5.80M	-1.32M	-12.21M
Financing Cash Flow	0.00	43.65M	0.00	193.97M	2.98M	1.25M

GreenBee. Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1294.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3913, the sentiment is Positive. The current price of 1294 is below the 20-day moving average (MA) of 1361.45, above the 50-day MA of 1250.52, and above the 200-day MA of 1038.42, indicating a bullish trend. The MACD of 71.89 indicates Negative momentum. The RSI at 71.42 is Negative, neither overbought nor oversold. The STOCH value of 86.51 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3913.

GreenBee. Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3913	75 Outperform	¥3.36B	17.25	―	―	14.42%	3652.58%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
4255	59 Neutral	¥4.68B	24.32	―	―	12.56%	―
9215	56 Neutral	¥1.70B	36.18	―	―	6.84%	―
3787	50 Neutral	¥1.52B	-9.31	―	―	-1.34%	17.01%
4179	48 Neutral	¥1.87B	-12.64	―	―	30.10%	40.65%
3910	44 Neutral	¥1.71B	281.28	―	1.35%	9.45%	―