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Stamen Co., Ltd.
(4019)
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Rating:64Neutral
Price Target:
¥686.00
▼(-40.40% Downside)
Action:Reiterated
Date:08/06/26
The score is primarily held back by the sharp 2025 cash flow deterioration (near-zero operating cash flow and negative free cash flow despite profits), which raises earnings-quality and funding-flexibility questions. Offsetting this are strong revenue growth, high gross margins, and a very low-debt balance sheet. Technically, momentum is improving with the price above key shorter-term averages, but still below the 200-day average and with an elevated stochastic reading. Valuation is reasonable but not notably cheap given a ~21x P/E and ~1% yield.
Positive Factors
Strong revenue compounding and recent acceleration
Sustained high revenue growth through 2020–2025, including a notable 2025 acceleration, indicates durable product-market fit and expanding enterprise adoption. Recurring B2B contract dynamics imply predictable top-line growth that supports long-term planning and scale economies.
Negative Factors
Severe 2025 cash-generation deterioration
A sharp swing to near-zero operating cash flow and materially negative FCF in 2025 weakens earnings quality and reduces financial flexibility. If driven by working-capital swings or stepped-up investment, this can force external funding or slow reinvestment, impairing strategic options over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue compounding and recent acceleration
Sustained high revenue growth through 2020–2025, including a notable 2025 acceleration, indicates durable product-market fit and expanding enterprise adoption. Recurring B2B contract dynamics imply predictable top-line growth that supports long-term planning and scale economies.
Read all positive factors
Stamen Co., Ltd. (4019) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥5.49B
Dividend Yield0.96%
Average Volume (3M)89.71K
Price to Earnings (P/E)21.4
Beta (1Y)0.75
Revenue Growth41.73%
EPS Growth57.29%
CountryJP
Employees198
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)29.20
Shares Outstanding8,781,500
10 Day Avg. Volume122,220
30 Day Avg. Volume89,710
Financial Highlights & Ratios
PEG Ratio0.68
Price to Book (P/B)4.68
Price to Sales (P/S)1.89
P/FCF Ratio-167.03
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
Stamen Co., Ltd. Business Overview & Revenue Model
Company Description
Stmn, Inc. operates an engagement platform business in Japan. The company offers TUNAG, an engagement management platform; Tsunagu, an online community platform; FANTS, a community management platform; Watchy, a cloud security service, that suppor...
How the Company Makes Money
Stamen Co., Ltd. primarily makes money by charging client companies for the use of its HR/organizational software and related services. The core revenue model is business-to-business, where companies pay fees to adopt and operate the company’s pla...
Stamen Co., Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
35
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.15B | 3.81B | 2.69B | 1.88B | 1.30B | 913.80M |
| Gross Profit | 3.00B | 2.76B | 2.06B | 1.44B | 1.02B | 717.67M |
| EBITDA | 354.53M | 327.02M | 255.26M | 190.89M | 151.31M | 40.16M |
| Net Income | 256.19M | 208.15M | 137.34M | 125.30M | 99.39M | 36.80M |
Balance Sheet | ||||||
| Total Assets | 2.48B | 2.45B | 2.17B | 1.84B | 1.54B | 1.36B |
| Cash, Cash Equivalents and Short-Term Investments | 1.15B | 1.11B | 1.14B | 1.39B | 1.18B | 1.19B |
| Total Debt | 130.01M | 50.00M | 6.68M | 35.01M | 25.01M | 35.01M |
| Total Liabilities | 926.71M | 915.36M | 819.96M | 622.72M | 508.20M | 433.33M |
| Stockholders Equity | 1.56B | 1.54B | 1.35B | 1.22B | 1.03B | 927.56M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -43.10M | 349.51M | 180.94M | 24.20M | 70.70M |
| Operating Cash Flow | 0.00 | 962.00K | 391.85M | 202.12M | 162.94M | 91.45M |
| Investing Cash Flow | 0.00 | -27.29M | -310.60M | -45.83M | 136.21M | -674.87M |
| Financing Cash Flow | 0.00 | 44.33M | -37.15M | 53.00M | -5.20M | -172.29M |
Stamen Co., Ltd. Technical Analysis
Negative
1151.00
Price Trends
606.80
Positive
619.95
Positive
735.23
Negative
Market Momentum
6.72
Negative
49.25
Neutral
55.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4019, the sentiment is Negative. The current price of 1151 is above the 20-day moving average (MA) of 625.45, above the 50-day MA of 606.80, and above the 200-day MA of 735.23, indicating a neutral trend. The MACD of 6.72 indicates Negative momentum. The RSI at 49.25 is Neutral, neither overbought nor oversold. The STOCH value of 55.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4019.
Stamen Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥5.51B | 30.63 | ― | ― | 6.84% | -67.70% | |
71 Outperform | ¥6.42B | 12.54 | ― | 1.87% | 4.21% | 28.53% | |
68 Neutral | ¥6.46B | 14.42 | ― | ― | 23.42% | 457.78% | |
66 Neutral | ¥6.36B | 23.63 | ― | 0.57% | 32.11% | -0.12% | |
64 Neutral | ¥5.49B | 21.40 | ― | 0.49% | 41.73% | 57.29% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | ¥4.65B | 50.89 | ― | ― | 18.48% | -48.49% |
* Technology Sector Average
JP:4019
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Stamen Co., Ltd. Corporate Events
Stmn Delivers Strong Q1 2026 Growth and Lifts Full-Year Payout Outlook
May 15, 2026
Stmn, Inc., listed on the Tokyo Stock Exchange, reported a solid financial position at the end of March 2026, with total assets of ¥2.48 billion and an equity-to-asset ratio of 60.5%. The company maintains a stable capital structure, with vir...
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.