Stamen Co., Ltd. (4019) AI Stock Analysis

• Market Cap: ¥6.73B
• Dividend Yield: 0.49%
• Average Volume (3M): 89.71K
• Price to Earnings (P/E): 34.7
• Beta (1Y): 0.55
• Revenue Growth: 41.47%
• EPS Growth: 104.50%
• Country: JP
• Employees: 134
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 3.55
• Shares Outstanding: 8,774,500
• 10 Day Avg. Volume: 122,220
• 30 Day Avg. Volume: 89,710
• PEG Ratio: 6.54
• Price to Book (P/B): 5.02
• Price to Sales (P/S): 2.51
• P/FCF Ratio: 19.31
• 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): 3,457.45
• Revenue Forecast (FY): ¥430.07B

• Rating: 66 Neutral
• Price Target: ¥801.00 ▼(-30.41% Downside)

Strong financial performance (growth, high margins, low leverage, and excellent cash flow) supports the score, but it is meaningfully offset by weak technicals (price below major DMAs and negative MACD) and a relatively expensive valuation (P/E 34.3 with a low dividend yield).

Positive Factors

Revenue Growth

Sustained ~41% revenue growth indicates strong product demand and successful market penetration across consumer and industrial channels. This durable top-line momentum supports ongoing R&D investment, distributor expansion, and scale benefits that can compound over the next 2–6 months and beyond.

High Gross Margin

A 77.6% gross margin reflects persistent product-level pricing power or differentiated technology, insulating profitability from input cost swings. High structural margins provide room to fund SG&A and R&D while maintaining unit economics, supporting long-term competitive advantage.

Strong Cash Generation

Operating cash conversion well above 1x and robust free cash flow indicate durable internal funding capacity. This supports capex, product development, and strategic partnerships without levering the balance sheet, enhancing financial flexibility and resilience over multiple quarters.

Negative Factors

Low Net Margin

Despite high gross margins, a 5.1% net margin suggests substantial operating or scale-related costs that erode profitability. If operating expenses or pricing pressure persist, limited net margin restricts retained earnings and the ability to sustainably expand margins or return capital to shareholders.

Limited Scale

A small workforce and likely limited operational scale can constrain manufacturing throughput, R&D bandwidth, and global distribution capabilities. Over the medium term this may slow product rollout, increase per-unit costs, and weaken bargaining power versus larger competitors.

Moderate Return on Equity

ROE of ~10% is modest given strong gross margins and cash flows, implying capital is not fully optimized. Persistent mid-single-digit improvements in ROE are needed to convert operational strengths into superior shareholder returns and validate long-term capital allocation effectiveness.

Stamen Co., Ltd. Business Overview & Revenue Model

Company Description

Stamen Co., Ltd. (4019) is a leading company in the technology sector, specializing in the development and manufacturing of innovative electronic products and solutions. The company operates primarily in the consumer electronics and industrial automation markets, offering a diverse range of products that include smart devices, sensors, and automation systems. Stamen Co., Ltd. is committed to delivering high-quality and cutting-edge technologies that enhance the user experience across various applications.

How the Company Makes Money

Stamen Co., Ltd. generates revenue through multiple streams, primarily from the sale of its electronic products and solutions to both consumers and businesses. The company has established key partnerships with major retailers and distributors, which facilitates a broad market reach for its products. Additionally, Stamen Co., Ltd. engages in contract manufacturing for other tech companies, providing a steady income from these partnerships. The company also invests in research and development to innovate and introduce new products, ensuring a competitive edge in the market, which contributes to sustained revenue growth.

Stamen Co., Ltd. Financial Statement Overview

Summary

Stamen Co., Ltd. demonstrates a solid financial performance with strong revenue growth, efficient operations, and robust cash flow generation. The company maintains a healthy balance sheet with low leverage, providing a stable foundation for future growth. Continued focus on improving net margins and ROE could further enhance financial performance.

Income Statement

Stamen Co., Ltd. has shown strong revenue growth with a significant increase from 2023 to 2024. The gross profit margin is robust at 77.6%, and the net profit margin has improved to 5.1%. EBIT and EBITDA margins are healthy, indicating efficient operations. However, the company should continue to focus on improving net margins further.

Balance Sheet

The balance sheet reflects a solid financial position with a low debt-to-equity ratio of 0.005, indicating minimal leverage. The equity ratio is strong at 62.1%, showcasing financial stability. Return on equity is decent at 10.2%, but there is room for improvement in maximizing shareholder returns.

Cash Flow

The cash flow statement highlights impressive free cash flow growth and a strong operating cash flow to net income ratio of 2.85, indicating excellent cash generation capabilities. The free cash flow to net income ratio is also strong, reflecting efficient capital management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.18B	2.69B	1.88B	1.30B	913.80M	620.72M
Gross Profit	2.43B	2.09B	1.46B	1.03B	721.17M	502.68M
EBITDA	361.61M	257.06M	189.06M	152.21M	40.49M	16.82M
Net Income	228.07M	137.34M	125.00M	99.39M	36.80M	4.21M
Balance Sheet
Total Assets	2.14B	2.17B	1.84B	1.53B	1.36B	1.40B
Cash, Cash Equivalents and Short-Term Investments	910.98M	1.14B	1.39B	1.18B	1.19B	1.29B
Total Debt	3.35M	6.68M	35.01M	15.01M	35.01M	165.97M
Total Liabilities	747.47M	819.96M	623.00M	501.70M	433.33M	518.32M
Stockholders Equity	1.39B	1.35B	1.22B	1.03B	927.56M	885.50M
Cash Flow
Free Cash Flow	0.00	349.51M	191.00M	24.20M	70.70M	64.19M
Operating Cash Flow	0.00	391.85M	202.00M	162.94M	91.45M	67.30M
Investing Cash Flow	0.00	-310.60M	-45.83M	136.21M	-674.87M	-41.04M
Financing Cash Flow	0.00	-37.15M	53.00M	-5.20M	-172.29M	972.37M

Stamen Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1151.00
• 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:4019, the sentiment is Negative. The current price of 1151 is above the 20-day moving average (MA) of 795.33, above the 50-day MA of 892.02, and above the 200-day MA of 1055.01, indicating a bearish trend. The MACD of -35.47 indicates Negative momentum. The RSI at 39.02 is Neutral, neither overbought nor oversold. The STOCH value of 26.73 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4074	69 Neutral	¥5.51B	15.43	―	―	-3.20%	-39.38%
4397	68 Neutral	¥8.61B	23.27	―	―	11.32%	―
4412	67 Neutral	¥19.33B	166.19	―	―	39.66%	―
4019	66 Neutral	¥6.73B	34.69	―	0.49%	41.47%	104.50%
153A	66 Neutral	¥8.40B	25.49	―	―	14.92%	2.55%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
3853	61 Neutral	¥16.63B	14.36	―	0.82%	―	―

Stamen Co., Ltd. Corporate Events

Stmn Posts Strong Sales Growth and Higher Profit, Lifts 2025 Full-Year Forecast

Stmn, Inc. reported strong top-line growth for the first nine months of 2025, with net sales rising 41.2% year on year to ¥2,738 million, while operating and ordinary profit dipped slightly despite a more than doubling of profit attributable to owners of parent to ¥103 million, supported by higher earnings per share and improved comprehensive income. The company’s financial position remained solid with total assets of ¥2,392 million and an equity ratio of 57.5%, it maintained its plan for a full-year dividend of ¥4.00 per share, and it upgraded its 2025 full-year forecast to target 40.0% sales growth and modest profit increases, signaling continued expansion and a positive outlook for shareholders even as margins come under pressure.

The most recent analyst rating on (JP:4019) stock is a Hold with a Yen807.00 price target. To see the full list of analyst forecasts on Stamen Co., Ltd. stock, see the JP:4019 Stock Forecast page.