CE Holdings Co., Ltd. (4320) AI Stock Analysis

• Market Cap: ¥17.90B
• Dividend Yield: 4.99%
• Average Volume (3M): 84.19K
• Price to Earnings (P/E): 10.8
• Beta (1Y): 0.78
• Revenue Growth: 8.77%
• EPS Growth: 1078.88%
• Country: JP
• Employees: 606
• Sector: Healthcare
• Sector Strength: 45
• Industry: Medical - Healthcare Information Services
• EPS (TTM): 56.48
• Shares Outstanding: 17,039,400
• 10 Day Avg. Volume: 92,620
• 30 Day Avg. Volume: 84,186
• PEG Ratio: <0.01
• Price to Book (P/B): 1.46
• Price to Sales (P/S): 0.76
• P/FCF Ratio: 13.31
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: ¥1,243.00 ▲(18.61% Upside)

CE Holdings Co., Ltd. scores well due to its strong financial performance and attractive valuation. The company's improved profitability and cash flow metrics, along with a reasonable P/E ratio and high dividend yield, are significant strengths. However, mixed technical indicators and negative revenue growth present potential risks.

Positive Factors

Cash Flow Management

Strong cash flow management indicates efficient operations and the ability to fund growth initiatives, enhancing long-term stability.

Profitability Improvement

Improved profitability reflects better operational efficiency and cost management, which can support sustained earnings growth.

Leverage Management

Reduced leverage enhances financial flexibility and reduces risk, supporting long-term financial health and shareholder value.

Negative Factors

Negative Revenue Growth

Negative revenue growth could hinder long-term expansion and market competitiveness if not addressed, impacting future profitability.

Industry Challenges

Operating in a competitive industry may pressure margins and require continuous innovation to maintain market position.

Mixed Financial Indicators

Mixed financial indicators suggest uncertainty in market performance, which could affect investor confidence and strategic planning.

CE Holdings Co., Ltd. Business Overview & Revenue Model

Company Description

CE Holdings Co., Ltd., through its subsidiaries, develops and sells electronic medical record systems and medical information systems in Japan. The company provides MI RA Is (Miraize), an electronic medical record system for medical institutions. The company was formerly known as CEI Corporation and changed its name to CE Holdings Co., Ltd. in April 2013. CE Holdings Co., Ltd. was incorporated in 1996 and is based in Sapporo, Japan.

How the Company Makes Money

CE Holdings generates revenue through multiple streams, including rental income from its real estate properties, capital gains from property sales, and returns on investments in technology startups. The company also earns revenue from the distribution of consumer goods, partnering with manufacturers to bring products to market. Significant partnerships with tech firms and real estate developers enhance its investment portfolio, allowing for diversification and risk management. Additionally, CE Holdings capitalizes on market trends to make strategic acquisitions, further boosting its earnings potential.

CE Holdings Co., Ltd. Financial Statement Overview

Summary

CE Holdings Co., Ltd. shows strong revenue growth and operational efficiency, particularly in EBIT and EBITDA margins. The balance sheet is robust with low leverage and high equity ratios, but profitability and return on equity remain areas for improvement. Cash flow performance is less consistent, necessitating attention to bolster cash generation.

Income Statement

The company has demonstrated consistent revenue growth over the years, with a notable increase from 2020 to 2024. The TTM revenue of 15,180 million yen marks a healthy growth from the previous period. Gross profit margin stands at 23.0% for TTM, indicating efficient cost management. However, the net profit margin is relatively low at 1.8% for TTM, suggesting room for improvement in profitability. EBIT and EBITDA margins are robust at 8.9% and 11.4% respectively, showcasing strong operational performance.

Balance Sheet

The company's balance sheet is stable with a favorable equity position. The debt-to-equity ratio is a conservative 0.33, reflecting prudent financial leverage. ROE for TTM is low at 4.6%, indicating modest returns on equity. The equity ratio is strong at 54.6%, highlighting solid capitalization and low reliance on debt. Overall, the company maintains a healthy balance sheet with good liquidity and low financial risk.

Cash Flow

Cash flow metrics show mixed results. While there is no reported free cash flow for the TTM, historical data indicate fluctuations. Operating cash flow was positive in prior years, but the recent absence of data limits comprehensive analysis. The free cash flow to net income ratio was modest in previous periods, suggesting potential efficiency improvements in cash flow generation.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	15.96B	15.83B	14.55B	13.63B	13.70B	12.28B
Gross Profit	3.76B	3.54B	3.37B	3.69B	3.16B	2.65B
EBITDA	2.24B	2.86B	1.24B	1.71B	1.44B	1.36B
Net Income	945.86M	1.56B	123.42M	687.53M	588.00M	632.93M
Balance Sheet
Total Assets	12.29B	12.75B	11.25B	11.24B	10.91B	9.46B
Cash, Cash Equivalents and Short-Term Investments	5.38B	5.03B	3.83B	3.14B	3.96B	2.87B
Total Debt	1.60B	1.47B	2.16B	1.42B	1.89B	1.37B
Total Liabilities	4.51B	3.90B	4.65B	4.66B	4.82B	3.98B
Stockholders Equity	7.27B	8.30B	6.10B	6.08B	5.63B	5.07B
Cash Flow
Free Cash Flow	569.00M	908.29M	89.90M	-46.35M	45.64M	613.91M
Operating Cash Flow	629.00M	998.32M	752.30M	795.82M	1.55B	1.00B
Investing Cash Flow	-237.00M	381.37M	-630.41M	-861.72M	-763.83M	-109.39M
Financing Cash Flow	-340.00M	-146.62M	566.46M	-754.51M	306.64M	-838.45M

CE Holdings Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1048.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4320, the sentiment is Positive. The current price of 1048 is above the 20-day moving average (MA) of 1046.25, above the 50-day MA of 1032.38, and above the 200-day MA of 762.99, indicating a bullish trend. The MACD of 10.57 indicates Positive momentum. The RSI at 58.92 is Neutral, neither overbought nor oversold. The STOCH value of 59.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4320.

CE Holdings Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3939	76 Outperform	¥23.95B	21.56	―	1.39%	9.85%	20.83%
4320	74 Outperform	¥17.90B	10.76	―	4.99%	8.77%	1078.88%
3671	67 Neutral	¥8.95B	13.15	―	8.09%	32.95%	45.22%
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%
3902	49 Neutral	¥65.83B	-152.64	―	0.39%	6.17%	-8918.66%
3628	40 Underperform	¥6.63B	-2.46	―	―	-4.07%	-88.89%