Almado, Inc. (4932) AI Stock Analysis

• Market Cap: ¥10.92B
• Dividend Yield: 5.77%
• Average Volume (3M): 37.80K
• Price to Earnings (P/E): 21.6
• Beta (1Y): 1.05
• Revenue Growth: 22.86%
• EPS Growth: -32.11%
• Country: JP
• Employees: 55
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Household & Personal Products
• EPS (TTM): 13.74
• Shares Outstanding: 10,394,000
• 10 Day Avg. Volume: 24,640
• 30 Day Avg. Volume: 37,796
• PEG Ratio: -4.25
• Price to Book (P/B): 5.08
• Price to Sales (P/S): 1.12
• P/FCF Ratio: -38.99
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: ¥1,208.00 ▲(12.27% Upside)

Almado, Inc. has a solid financial foundation with strong revenue growth and stable margins, but increased leverage and negative cash flow are concerns. The technical indicators suggest a bearish trend, but the valuation is reasonable with a high dividend yield, offering income potential.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a strong market position and effective sales strategy, enhancing long-term business sustainability.

Business Model

A diversified revenue model with subscription and service fees ensures steady income and resilience against market fluctuations.

Market Position

Utilizing advanced technologies like AI and cloud computing strengthens Almado's competitive edge and appeal in the IT sector.

Negative Factors

Leverage

Increased leverage can strain financial resources and limit flexibility, posing risks if not managed effectively over time.

Cash Flow

Negative cash flow impacts the company's ability to fund operations and growth, necessitating improved cash management strategies.

Profit Margins

Decreasing profit margins could indicate rising costs or inefficiencies, potentially affecting long-term profitability if not addressed.

Almado, Inc. Business Overview & Revenue Model

Company Description

Almado, Inc. (4932) is a dynamic technology company specializing in innovative software solutions and digital services. Operating primarily in the information technology sector, Almado focuses on developing advanced applications that streamline business processes, enhance customer engagement, and drive operational efficiency for clients across various industries. The company leverages cutting-edge technologies, including artificial intelligence and cloud computing, to deliver tailored solutions that meet the evolving needs of its customers.

How the Company Makes Money

Almado, Inc. generates revenue through multiple streams, primarily through subscription fees for its software products and services. The company offers a tiered subscription model that allows businesses to select plans based on their size and specific needs, ensuring a steady and predictable revenue flow. Additionally, Almado earns income from professional services, including consulting, implementation, and ongoing support for clients using its solutions. Strategic partnerships with other technology firms and cloud service providers further enhance its offerings, allowing Almado to bundle services and cross-sell products, thus increasing its market reach and revenue potential. The company also engages in licensing agreements, providing its technology to third parties, which contributes to its earnings significantly.

Almado, Inc. Financial Statement Overview

Summary

Almado, Inc. shows strong revenue growth and stable margins, but increased leverage and recent negative cash flow are concerns. The company has a solid equity position, indicating resilience and growth potential, but needs to address cash flow management.

Income Statement

Almado, Inc. has demonstrated strong revenue growth over the past years, with a notable increase from 2024 to 2025. The gross profit margin remains robust, indicating effective cost management. However, the net profit margin has slightly decreased, suggesting increased expenses or other cost pressures. EBIT and EBITDA margins are stable, reflecting consistent operational efficiency.

Balance Sheet

The company's debt-to-equity ratio has increased, indicating higher leverage, which could pose a risk if not managed properly. However, the equity ratio remains healthy, and return on equity is strong, suggesting effective use of shareholder funds. The increase in total assets and equity over time reflects a solid financial position.

Cash Flow

Almado, Inc. experienced a significant decline in free cash flow in 2025, primarily due to negative operating cash flow. This raises concerns about cash generation capabilities. However, the company has previously shown strong free cash flow growth, and the operating cash flow to net income ratio indicates potential for recovery if operational challenges are addressed.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	9.24B	8.48B	7.54B	6.53B	5.37B	4.55B
Gross Profit	6.51B	5.89B	5.07B	4.35B	3.32B	2.80B
EBITDA	699.11M	982.63M	983.22M	855.74M	853.59M	558.82M
Net Income	460.97M	650.41M	695.46M	585.80M	582.21M	367.96M
Balance Sheet
Total Assets	4.83B	4.72B	3.83B	3.67B	3.36B	2.98B
Cash, Cash Equivalents and Short-Term Investments	1.18B	1.57B	1.51B	1.39B	1.18B	1.13B
Total Debt	3.31B	2.11B	1.00B	551.89M	72.79M	73.66M
Total Liabilities	4.16B	2.85B	1.95B	1.34B	675.56M	667.67M
Stockholders Equity	669.08M	1.87B	1.88B	2.33B	2.69B	2.32B
Cash Flow
Free Cash Flow	0.00	-243.98M	834.63M	704.62M	250.50M	640.85M
Operating Cash Flow	0.00	-189.09M	846.27M	711.75M	260.42M	653.96M
Investing Cash Flow	0.00	-108.06M	-1.58M	-7.13M	-9.72M	-13.11M
Financing Cash Flow	0.00	354.84M	-720.19M	-492.02M	-208.23M	-50.84M

Almado, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1076.00
• 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:4932, the sentiment is Negative. The current price of 1076 is below the 20-day moving average (MA) of 1089.15, below the 50-day MA of 1098.02, and below the 200-day MA of 1097.81, indicating a bearish trend. The MACD of -4.23 indicates Negative momentum. The RSI at 43.13 is Neutral, neither overbought nor oversold. The STOCH value of 62.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4932.

Almado, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4932	68 Neutral	¥10.92B	21.61	―	5.77%	22.86%	-32.11%
4925	63 Neutral	¥6.35B	8.14	―	2.40%	-0.79%	―
4936	63 Neutral	¥10.15B	30.65	―	2.29%	10.55%	-56.55%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
4935	53 Neutral	¥12.17B	―	―	0.48%	10.13%	-14654.18%
4934	52 Neutral	¥6.13B	13.02	―	―	-20.62%	―
4926	45 Neutral	¥5.12B	16.36	―	1.68%	8.46%	―