VALUE GOLF Inc. (JP:3931)
:3931
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VALUE GOLF Inc.
(3931)
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Rating:49Neutral
Price Target:
¥1,680.00
▲(9.88% Upside)
Action:ReiteratedDate:03/24/26
The score is primarily constrained by weak financial performance: negative operating/free cash flow, a return to net losses, and increased leverage outweigh the strong 2026 revenue rebound. Technicals are supportive with an established uptrend, but overbought signals increase near-term risk. Valuation is mixed due to the negative P/E, with only modest support from the dividend yield.
Positive Factors
Strong revenue rebound
A ~61% top-line rebound in 2026 restores scale and demonstrates demand recovery. Sustained revenue growth improves fixed-cost absorption and creates a pathway to rebuild margins and cash generation, enabling deleveraging and reinvestment over the medium term.
Negative Factors
Negative cash flow streak
Operating cash flow turned sharply negative in 2026 and free cash flow was negative for three straight years, meaning the business cannot self-fund. Persistent cash deficits increase reliance on external financing and raise execution and refinancing risk over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue rebound
A ~61% top-line rebound in 2026 restores scale and demonstrates demand recovery. Sustained revenue growth improves fixed-cost absorption and creates a pathway to rebuild margins and cash generation, enabling deleveraging and reinvestment over the medium term.
Read all positive factors
VALUE GOLF Inc. (3931) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥3.05B
Dividend Yield3.49%
Average Volume (3M)1.60K
Price to Earnings (P/E)―
Beta (1Y)0.43
Revenue Growth10.69%
EPS Growth-101.97%
CountryJP
Employees79
SectorCommunication Services
Sector Strength97
IndustryPublishing
Share Statistics
EPS (TTM)N/A
Shares Outstanding1,807,000
10 Day Avg. Volume1,530
30 Day Avg. Volume1,596
Financial Highlights & Ratios
PEG Ratio0.32
Price to Book (P/B)2.65
Price to Sales (P/S)0.64
P/FCF Ratio-5.81
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
VALUE GOLF Inc. Business Overview & Revenue Model
Company Description
VALUE GOLF Inc., together with its subsidiaries, operates golf, travel, and advertising media production business in Japan. It also provides ASP services, advertising promotion, and support services. The company's travel business provides travel p...
VALUE GOLF Inc. Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
46
Neutral
Cash Flow
26
Negative
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.40B | 4.43B | 4.13B | 3.66B | 4.44B | 4.28B |
| Gross Profit | 1.51B | 1.55B | 1.47B | 1.30B | 1.48B | 1.51B |
| EBITDA | 127.27M | 100.19M | 134.76M | 77.38M | 245.95M | 230.44M |
| Net Income | 17.75M | -19.48M | 5.52M | 22.69M | 114.84M | 123.85M |
Balance Sheet | ||||||
| Total Assets | 3.33B | 3.17B | 2.65B | 2.64B | 2.51B | 2.37B |
| Cash, Cash Equivalents and Short-Term Investments | 890.33M | 757.10M | 885.63M | 1.26B | 1.16B | 1.17B |
| Total Debt | 1.58B | 1.41B | 943.23M | 988.45M | 832.21M | 789.09M |
| Total Liabilities | 2.22B | 2.11B | 1.52B | 1.48B | 1.33B | 1.28B |
| Stockholders Equity | 1.11B | 1.06B | 1.13B | 1.16B | 1.18B | 1.10B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -484.71M | -43.32M | -14.86M | 9.12M | 52.60M |
| Operating Cash Flow | 0.00 | -471.21M | -33.44M | 8.68M | 10.08M | 56.24M |
| Investing Cash Flow | 0.00 | -79.00M | -80.30M | -30.43M | -26.20M | -10.73M |
| Financing Cash Flow | 0.00 | 420.70M | -266.77M | 120.32M | 7.02M | 142.13M |
VALUE GOLF Inc. Technical Analysis
Positive
1529.00
Price Trends
1586.01
Positive
1521.13
Positive
1603.23
Positive
Market Momentum
36.03
Negative
64.13
Neutral
84.50
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3931, the sentiment is Positive. The current price of 1529 is below the 20-day moving average (MA) of 1641.40, below the 50-day MA of 1586.01, and below the 200-day MA of 1603.23, indicating a bullish trend. The MACD of 36.03 indicates Negative momentum. The RSI at 64.13 is Neutral, neither overbought nor oversold. The STOCH value of 84.50 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3931.
VALUE GOLF Inc. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥3.69B | 10.37 | ― | 2.95% | 1.41% | -6.45% | |
74 Outperform | ¥14.65B | 10.61 | ― | 3.16% | -7.41% | -17.57% | |
72 Outperform | ¥24.29B | 22.08 | ― | 2.01% | 6.10% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | ¥10.03B | 14.53 | ― | 1.06% | 0.02% | -88.78% | |
55 Neutral | ¥463.85B | 162.08 | ― | 0.98% | 1.96% | -45.28% | |
49 Neutral | ¥3.05B | -12.58 | ― | 3.49% | 10.69% | -101.97% |
* Communication Services Sector Average
JP:3931
VALUE GOLF Inc.
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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.