Yappli, Inc. (4168) AI Stock Analysis

• Market Cap: ¥10.63B
• Dividend Yield: 0.7%
• Average Volume (3M): 165.41K
• Price to Earnings (P/E): 13.0
• Beta (1Y): 1.32
• Revenue Growth: 9.78%
• EPS Growth: -23.98%
• Country: JP
• Employees: 268
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 21.09
• Shares Outstanding: 12,984,800
• 10 Day Avg. Volume: 128,560
• 30 Day Avg. Volume: 165,406
• PEG Ratio: -0.01
• Price to Book (P/B): 5.21
• Price to Sales (P/S): 2.07
• P/FCF Ratio: 32.42
• 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: 64 Neutral
• Price Target: ¥873.00 ▲(4.05% Upside)

Yappli, Inc.'s overall stock score is driven primarily by its strong financial performance, with notable improvements in profitability and cash flow. The valuation is fair, but the technical analysis indicates mixed signals, with short-term bearish momentum. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Margin and Profitability Improvement

High gross margin (66.1%) and a turnaround to 13.6% net margin signal durable cost control and pricing strength in the core application business. Improved EBIT/EBITDA margins indicate structural operational efficiency that supports sustainable cash conversion and reinvestment capacity.

Free Cash Flow Turnaround

Converting to positive free cash flow provides lasting financial flexibility: reduces reliance on external financing, funds organic growth or R&D, and cushions against cyclicality. If maintained, this strengthens capital allocation and lowers refinancing risk over the medium term.

Healthy Balance Sheet and High ROE

A strong equity ratio and moderate leverage provide a durable capital buffer and financial flexibility. Coupled with a high ROE (34.2%), this suggests efficient use of capital and an ability to generate shareholder returns while retaining capacity to invest through downturns.

Negative Factors

Cash Flow Volatility

Historical swings in cash flow undermine predictability for capex, product investment, and shareholder returns. Even with recent FCF improvement, persistent volatility raises the risk that shortfalls could force cost cuts or external financing, stressing long-term execution.

Prior Historical Losses

Although the company turned profitable in 2024, a history of losses indicates underlying volatility in demand, pricing, or cost structure. This legacy raises the chance that profits depend on one-off items or cyclical factors rather than stable, repeatable margins over the medium term.

Moderate Revenue Growth Rate

Sub-10% revenue growth is modest for a software application firm and may constrain scale advantages and market share gains. Sustained modest growth forces higher reinvestment to hit strategic targets and could pressure margins if competitive spend intensifies over the medium term.

Yappli, Inc. Business Overview & Revenue Model

Company Description

Yappli, Inc. engages in smartphone app development activities in Japan. It offers cloud-based platform for mobile application development, management, and analysis. The company was founded in 2013 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Yappli generates revenue through a subscription-based model, where clients pay a recurring fee for access to its app development platform and associated services. Key revenue streams include monthly or annual subscription fees from businesses using its platform to develop and maintain their mobile applications. Additionally, Yappli may earn revenue through premium features, custom app development services, and consulting for businesses looking to enhance their mobile presence. Strategic partnerships with other technology providers and integration with e-commerce platforms also contribute to its earnings by expanding its customer base and enhancing service offerings.

Yappli, Inc. Financial Statement Overview

Summary

Yappli, Inc. demonstrates strong financial performance with significant improvements in profitability and cash flow generation. Revenue growth and margin expansion highlight operational strength, while the balance sheet reflects a solid equity base and controlled leverage. Continued focus on cash flow stability and liability management will be key to sustaining this positive trajectory.

Income Statement

Yappli, Inc. has demonstrated strong revenue growth with a significant increase of 13.3% from 2023 to 2024. The gross profit margin is robust at 66.1% in 2024, indicating effective cost management. The company has turned around its net income from a loss to a profit, achieving a net profit margin of 13.6% in 2024. EBIT and EBITDA margins have also improved, showing operational efficiency gains. However, historical losses remain a concern.

Balance Sheet

The balance sheet of Yappli, Inc. shows a healthy equity position with an equity ratio of 53.8% in 2024, reflecting good asset management. The debt-to-equity ratio is moderate at 0.62, indicating reasonable leverage. Return on equity has improved significantly to 34.2%, showcasing strong profitability for shareholders. Nonetheless, the company needs to continue managing its liabilities to sustain growth.

Cash Flow

Yappli, Inc. has seen a remarkable improvement in cash flows, with a shift to positive free cash flow of 352 million yen in 2024, from negative in previous years. The operating cash flow to net income ratio is positive, indicating effective cash conversion. However, the company has faced volatility in cash flows historically, and sustained positive free cash flow generation will be essential.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.79B	5.51B	4.86B	4.14B	3.26B	2.39B
Gross Profit	3.83B	3.64B	3.36B	2.75B	2.20B	1.37B
EBITDA	761.24M	579.74M	316.00M	-865.09M	-867.03M	-562.72M
Net Income	748.90M	748.54M	-74.00M	-941.14M	-939.89M	-632.78M
Balance Sheet
Total Assets	4.28B	4.07B	2.81B	2.84B	3.00B	2.86B
Cash, Cash Equivalents and Short-Term Investments	1.83B	1.96B	1.51B	1.65B	1.87B	2.02B
Total Debt	1.25B	1.36B	793.00M	918.75M	222.94M	425.71M
Total Liabilities	1.77B	1.88B	1.46B	1.50B	743.12M	791.98M
Stockholders Equity	2.51B	2.19B	1.36B	1.34B	2.25B	2.07B
Cash Flow
Free Cash Flow	0.00	351.86M	-161.91M	-947.61M	-928.57M	-578.99M
Operating Cash Flow	0.00	366.70M	-161.36M	-926.63M	-904.49M	-568.61M
Investing Cash Flow	0.00	-487.41M	53.00M	-19.58M	-166.03M	131.57M
Financing Cash Flow	0.00	572.85M	-34.92M	729.03M	913.76M	1.43B

Yappli, Inc. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 839.00
• 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:4168, the sentiment is Neutral. The current price of 839 is above the 20-day moving average (MA) of 827.75, below the 50-day MA of 850.70, and below the 200-day MA of 882.93, indicating a bearish trend. The MACD of -9.64 indicates Negative momentum. The RSI at 46.28 is Neutral, neither overbought nor oversold. The STOCH value of 45.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:4168.

Yappli, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3969	80 Outperform	¥11.15B	15.06	―	2.28%	3.30%	-6.27%
4412	75 Outperform	¥19.02B	116.95	―	―	39.66%	―
4019	66 Neutral	¥6.45B	33.99	―	0.49%	41.47%	104.50%
5591	65 Neutral	¥7.80B	39.53	―	―	35.46%	59.47%
4168	64 Neutral	¥10.63B	12.95	―	0.70%	9.78%	-23.98%
4193	63 Neutral	¥11.24B	35.95	―	2.81%	12.49%	-57.87%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%