Fabrica Holdings Co.Ltd. (4193) AI Stock Analysis

• Market Cap: ¥12.07B
• Dividend Yield: 2.81%
• Average Volume (3M): 12.16K
• Price to Earnings (P/E): 13.8
• Beta (1Y): 0.35
• Revenue Growth: 12.49%
• EPS Growth: -57.87%
• Country: JP
• Employees: 193
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 37.08
• Shares Outstanding: 5,475,400
• 10 Day Avg. Volume: 13,300
• 30 Day Avg. Volume: 12,156
• PEG Ratio: -0.80
• Price to Book (P/B): 3.70
• Price to Sales (P/S): 1.47
• P/FCF Ratio: 16.02
• 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): 124.8
• Revenue Forecast (FY): ¥10.35B

• Rating: 63 Neutral
• Price Target: ¥2,348.00 ▲(16.01% Upside)
• Action: Downgraded Date: 11/21/25
• Date: Action: Downgraded 11/21/25

Fabrica Holdings Co.Ltd. has a strong financial foundation with robust cash flow and revenue growth, which is the most significant factor supporting the stock score. However, the technical analysis indicates bearish momentum, and the valuation suggests the stock is relatively expensive, which weigh down the overall score.

Positive Factors

Consistent revenue growth trend

Sustained multi-year revenue growth indicates durable product-market fit and expanding customer adoption. Over 2-6 months this underpins recurring sales, supports scaling of R&D and sales capacity, and provides a stable base for margin improvement and reinvestment into strategic initiatives.

Strong operating and free cash flow

Consistent operating cash generation and rising free cash flow provide durable financial flexibility. This supports organic investment, M&A optionality, and potential shareholder returns without reliance on new debt—important for sustaining growth through industry cycles over months to years.

Conservative balance sheet with low leverage

A strong equity position and low leverage reduce refinancing and solvency risks, enabling the company to fund growth or withstand downturns without costly capital raises. This structural financial strength supports strategic flexibility and long-term investment plans.

Negative Factors

Significant EPS decline

A large negative EPS growth rate signals material earnings pressure or one-time impacts that weaken profit conversion. Persisting EPS declines constrain reinvestment capacity, reduce retained earnings for growth initiatives, and may limit ability to sustainably finance expansion.

Net profit margin volatility

Volatile net margins despite stable gross margins indicate operating cost or SG&A variability and potential pricing pressure. If unresolved, inconsistent profitability undermines long-term free cash flow predictability and makes planning for durable investments or returns more difficult.

Limited company scale (small workforce)

A relatively small employee base signals constrained development, sales, and support capacity versus larger competitors. This can limit product breadth, slow enterprise sales expansion, and increase execution risk on larger contracts, impacting durable competitive positioning over months.

Fabrica Holdings Co.Ltd. Business Overview & Revenue Model

Company Description

Fabrica Communications Co., LTD. engages in the system development and sales business primarily for the used car aftermarket business. The company provides symphony, a platform for the used car business, which includes customer/sales management, multi- advertising system linked to inventory management system, B2B marketplace, auto loan/used car warranty service, used car export cooperation, and in-house groupware solutions. It is also involved in the internet media and web marketing, and automobile maintenance and car rental businesses; and provides short message service distribution solutions for corporations. The company was incorporated in 1994 and is headquartered in Nagoya, Japan.

How the Company Makes Money

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Fabrica Holdings Co.Ltd. Financial Statement Overview

Summary

Fabrica Holdings Co.Ltd. presents a strong financial profile with consistent revenue growth, efficient operations, and a stable balance sheet. The company is well-positioned in the software application industry, with robust cash flow supporting future growth initiatives. While profitability margins show room for improvement, the overall financial health is commendable.

Income Statement

Fabrica Holdings Co.Ltd. has demonstrated robust revenue growth, with a consistent upward trajectory from 2020 to 2025. The gross profit margin remains strong, indicating efficient cost management. However, the net profit margin has shown some volatility, suggesting potential areas for cost optimization. EBIT and EBITDA margins are healthy, reflecting operational efficiency.

Balance Sheet

The company maintains a solid equity base with a favorable debt-to-equity ratio, indicating low leverage risk. The return on equity is commendable, showcasing effective use of equity to generate profits. The equity ratio is strong, highlighting a stable financial structure with a significant portion of assets financed by equity.

Cash Flow

Fabrica Holdings exhibits strong operating cash flow, consistently exceeding net income, which is a positive indicator of cash-generating efficiency. The free cash flow growth is impressive, supporting potential reinvestment and shareholder returns. The cash flow ratios reflect a healthy alignment between cash generation and profitability.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	9.53B	9.21B	8.16B	7.60B	5.86B	4.83B
Gross Profit	4.33B	4.24B	4.00B	3.86B	3.15B	2.65B
EBITDA	1.30B	1.26B	1.17B	1.35B	1.01B	746.51M
Net Income	351.39M	331.67M	673.53M	810.10M	574.16M	455.46M
Balance Sheet
Total Assets	5.13B	5.39B	5.32B	4.72B	3.77B	2.27B
Cash, Cash Equivalents and Short-Term Investments	2.25B	2.63B	2.26B	2.34B	2.30B	1.05B
Total Debt	125.56M	249.47M	419.49M	298.03M	413.64M	655.13M
Total Liabilities	1.48B	1.73B	1.72B	1.54B	1.37B	1.46B
Stockholders Equity	3.66B	3.66B	3.60B	3.18B	2.40B	807.45M
Cash Flow
Free Cash Flow	0.00	846.50M	369.50M	947.23M	466.78M	507.19M
Operating Cash Flow	0.00	1.06B	602.49M	1.04B	566.92M	621.35M
Investing Cash Flow	0.00	-196.06M	-451.69M	-753.53M	-100.17M	-102.90M
Financing Cash Flow	0.00	-495.76M	-204.02M	-240.16M	774.47M	-154.48M

Fabrica Holdings Co.Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2024.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4193, the sentiment is Positive. The current price of 2024 is below the 20-day moving average (MA) of 2100.00, below the 50-day MA of 2070.20, and below the 200-day MA of 2070.05, indicating a bullish trend. The MACD of 34.14 indicates Negative momentum. The RSI at 71.79 is Negative, neither overbought nor oversold. The STOCH value of 99.28 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4193.

Fabrica Holdings Co.Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3763	82 Outperform	¥43.82B	18.67	―	1.92%	20.81%	68.06%
4477	73 Outperform	¥33.96B	20.10	―	―	27.97%	-5.25%
2307	70 Outperform	¥14.93B	9.32	―	3.14%	3.58%	0.23%
299A	70 Outperform	¥40.78B	17.94	―	―	―	―
4193	63 Neutral	¥12.07B	13.78	―	2.81%	12.49%	-57.87%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
5027	49 Neutral	¥26.49B	39.28	―	―	20.84%	10.41%