PLAID Inc. (4165) AI Stock Analysis

• Market Cap: ¥47.37B
• Dividend Yield: N/A
• Average Volume (3M): 786.01K
• Price to Earnings (P/E): 51.5
• Beta (1Y): 0.60
• Revenue Growth: 25.28%
• EPS Growth: N/A
• Country: JP
• Employees: 449
• Sector: Technology
• Sector Strength: 86
• Industry: Software - Application
• EPS (TTM): 8.57
• Shares Outstanding: 41,082,542
• 10 Day Avg. Volume: 690,440
• 30 Day Avg. Volume: 786,006
• PEG Ratio: 1.12
• Price to Book (P/B): 11.57
• 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: ¥1,314.00
• Price Target Upside: 13.96% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 58 Neutral
• Price Target: ¥1,166.00 ▲(1.13%Upside)

PLAID Inc. shows strong financial performance with consistent revenue growth and improved profitability, which are the primary factors driving the score. However, technical indicators suggest bearish momentum, and a high P/E ratio indicates potential overvaluation. The lack of dividend yield further impacts the valuation score. No earnings call or corporate events data were available to influence the overall assessment.

PLAID Inc. Business Overview & Revenue Model

Company Description

PLAID Inc. (4165) is a technology company focused on data solutions and software services. The company specializes in providing data analytics platforms that help businesses understand consumer behavior and preferences. Its core products include advanced analytics tools and platforms designed to enhance customer experience insights and optimize business strategies across various sectors, including retail, finance, and digital services.

How the Company Makes Money

PLAID Inc. generates revenue primarily through the sale of its data analytics software solutions and services. The company offers subscription-based pricing models for its platforms, which provide recurring revenue streams. Additionally, PLAID Inc. partners with businesses to offer customized data solutions, enabling companies to leverage analytics for strategic decision-making. Key revenue streams include software licensing fees, subscription fees, and professional services for data integration and analysis. Partnerships with industry leaders and continuous innovation in their platform offerings significantly contribute to the company's earnings.

PLAID Inc. Financial Statement Overview

Summary

PLAID Inc. has demonstrated significant revenue growth and improved profitability with strong margins and a positive net income. The balance sheet is stable with reduced leverage, and the recent positive free cash flow indicates potential for sustainable operations. However, past operational and cash flow challenges present some risks.

Income Statement

PLAID Inc. has shown strong revenue growth with a 59% increase from 2020 to 2024 (TTM). The company has improved profitability significantly, moving from negative net income in previous years to a positive net income of ¥628.76 million in 2024 (TTM). The gross profit margin stands at 71.85%, indicating strong cost management. The EBIT and EBITDA margins have improved significantly from negative values in 2020 to positive in 2024 (TTM), reflecting operational efficiency improvements. However, the company experienced a period of negative EBIT and EBITDA, indicating past operational challenges.

Balance Sheet

PLAID Inc. exhibits a healthy balance sheet with an equity ratio of 50.88% in 2024 (TTM), reflecting a solid capital structure. The debt-to-equity ratio has decreased over time from 0.56 in 2020 to 0.32 in 2024 (TTM), indicating reduced leverage and financial risk. Return on Equity (ROE) improved to 17.63% in 2024 (TTM), showcasing effective use of equity to generate profits. Despite these strengths, fluctuations in stockholders' equity and liabilities highlight potential financial volatility.

Cash Flow

PLAID Inc. has demonstrated a significant turnaround in free cash flow, moving from negative to positive free cash flow of ¥842.86 million in 2024. However, the operating cash flow to net income ratio is not calculable due to zero operating cash flow in the latest period, which raises concerns about cash generation from operations. The historical negative operating cash flow indicates past struggles in generating cash from core activities, although recent free cash flow improvements are promising.

Breakdown	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	10.99B	8.63B	7.30B	5.44B	4.01B
Gross Profit	7.87B	6.24B	5.37B	3.99B	2.85B
EBITDA	142.95M	-1.88B	-779.95M	-63.41M	-1.17B
Net Income	320.73M	-2.11B	-1.01B	-106.65M	-1.21B
Balance Sheet
Total Assets	7.30B	6.22B	7.09B	6.98B	3.07B
Cash, Cash Equivalents and Short-Term Investments	4.74B	3.83B	4.24B	4.17B	2.09B
Total Debt	1.32B	1.38B	1.84B	916.09M	897.76M
Total Liabilities	4.10B	3.47B	3.02B	2.03B	1.46B
Stockholders Equity	3.15B	2.60B	4.06B	4.86B	1.60B
Cash Flow
Free Cash Flow	842.86M	-371.80M	-883.55M	391.12M	-1.08B
Operating Cash Flow	900.48M	-325.09M	-809.23M	410.90M	-1.01B
Investing Cash Flow	-49.69M	-89.00M	-135.11M	-1.33B	-167.44M
Financing Cash Flow	66.77M	905.00K	1.01B	3.00B	1.90B

PLAID Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1153.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4165, the sentiment is Positive. The current price of 1153 is above the 20-day moving average (MA) of 1109.95, below the 50-day MA of 1159.20, and above the 200-day MA of 1099.52, indicating a neutral trend. The MACD of -7.51 indicates Negative momentum. The RSI at 52.90 is Neutral, neither overbought nor oversold. The STOCH value of 70.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4165.

PLAID Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4333	80 Outperform	¥23.82B	18.98		3.60%	7.87%	4.99%
3983	73 Outperform	¥45.97B	24.36		1.01%	8.10%	0.69%
4375	70 Neutral	¥60.02B	―		―	24.24%	-6.95%
4165	58 Neutral	¥47.37B	51.54		―	25.28%	―
Sector *	57 Neutral	HK$14.57B	5.76	-5.77%	4.75%	9.65%	-43.80%
4259	55 Neutral	¥38.80B	―		―	17.02%	-314.32%
4192	45 Neutral	¥17.76B	―		―	26.31%	-56.42%

PLAID Inc. Corporate Events

PLAID Inc. Issues New Restricted Shares to Boost Corporate Value

PLAID Inc. announced the issuance of 55,047 new restricted shares to executives and an employee as part of an incentive plan to enhance corporate value and align interests with shareholders. This strategic move is designed to encourage long-term commitment from key personnel, with restrictions on share transfers over several years, potentially impacting the company’s operational stability and market perception positively.

The most recent analyst rating on (JP:4165) stock is a Sell with a Yen790.00 price target. To see the full list of analyst forecasts on PLAID Inc. stock, see the JP:4165 Stock Forecast page.

PLAID Inc. Reports Strong Financial Growth in Q2 FY2025

PLAID Inc. reported significant financial growth for the second quarter of the fiscal year ending September 30, 2025, with a notable increase in net sales and operating income compared to the previous year. The company’s improved financial performance reflects its strategic positioning and operational efficiency, which may have positive implications for stakeholders and enhance its competitive standing in the industry.

The most recent analyst rating on (JP:4165) stock is a Sell with a Yen790.00 price target. To see the full list of analyst forecasts on PLAID Inc. stock, see the JP:4165 Stock Forecast page.

PLAID Inc. Revises Earnings Guidance Upward for FY 2025

PLAID Inc. has revised its full-year consolidated earnings guidance for the fiscal year ending September 30, 2025. The company expects adjusted operating income and operating income to significantly exceed previous forecasts due to steady net sales and improved productivity, which has lowered the SG&A-to-sales ratio.

The most recent analyst rating on (JP:4165) stock is a Sell with a Yen790.00 price target. To see the full list of analyst forecasts on PLAID Inc. stock, see the JP:4165 Stock Forecast page.