eWeLL Co.,Ltd (5038) AI Stock Analysis

• Market Cap: ¥44.12B
• Dividend Yield: 0.47%
• Average Volume (3M): 37.66K
• Price to Earnings (P/E): 41.2
• Beta (1Y): 0.92
• Revenue Growth: 31.05%
• EPS Growth: 46.12%
• Country: JP
• Employees: 90
• Sector: Healthcare
• Sector Strength: 45
• Industry: Software - Application
• EPS (TTM): 18.78
• Shares Outstanding: 15,251,838
• 10 Day Avg. Volume: 52,070
• 30 Day Avg. Volume: 37,660
• PEG Ratio: 1.46
• Price to Book (P/B): 12.25
• Price to Sales (P/S): 11.47
• P/FCF Ratio: 35.17
• 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: 73 Outperform
• Price Target: ¥2,957.00 ▲(11.50% Upside)

The score is driven primarily by excellent financial performance (high margins, strong ROE, and a debt-free balance sheet). This is tempered by mixed technical momentum (negative MACD and uneven moving-average positioning) and a relatively expensive valuation (high P/E and low dividend yield).

Positive Factors

Strong Profitability

High margins indicate efficient operations and pricing power, supporting long-term profitability and competitive positioning.

Debt-Free Balance Sheet

A debt-free balance sheet reduces financial risk and enhances flexibility for strategic investments and growth opportunities.

AI Service Market Interest

Strong interest in new AI service suggests potential for future growth and market expansion, enhancing revenue streams.

Negative Factors

Slowing Revenue Growth

Slowing revenue growth may indicate market saturation or increased competition, potentially impacting future expansion.

Free Cash Flow Unevenness

Uneven free cash flow could signal volatility in cash management, affecting the company's ability to fund operations consistently.

Growth Volatility

Volatile growth patterns may challenge strategic planning and investor confidence, impacting long-term business stability.

eWeLL Co.,Ltd Business Overview & Revenue Model

Company Description

eWeLL Co.,Ltd. develops business support cloud services for visiting nursing stations in Japan. It also provides iBow, a SaaS-type business support tool that contributes to improving customer productivity; iBow receipt, a receipt system exclusively for visiting nursing that has the function of making insurance claims; iBow KINTAI a dedicated nursing attendance system; and iBow Nursing Care Claim Transmission Service. The company was founded in 2012 and is headquartered in Osaka, Japan.

How the Company Makes Money

eWeLL Co., Ltd generates revenue primarily through the sale and licensing of its healthcare IT solutions to medical institutions such as hospitals, clinics, and other healthcare providers. The company may also engage in subscription-based models or offer maintenance and support services for its software products, which provide ongoing revenue streams. Additionally, partnerships with other technology providers or healthcare organizations could play a role in expanding their market reach and enhancing their product offerings, contributing to their overall earnings.

eWeLL Co.,Ltd Financial Statement Overview

Summary

eWeLL Co., Ltd demonstrates a strong financial position with consistent revenue growth, excellent profitability margins, and a robust balance sheet with no debt. The company's cash flow is notably positive, supporting its operational and strategic initiatives. While there are no immediate financial risks, continuous monitoring of growth and market conditions is advisable to maintain this performance.

Income Statement

eWeLL Co., Ltd has exhibited a strong financial performance in its income statement. The gross profit margin has been consistently high, indicating effective cost management. Net profit margin and EBIT margin have shown significant improvement over the years, reflecting strong operational efficiency. The company has demonstrated robust revenue growth, notably a 24.2% increase from 2023 to 2024, which is impressive for the software application industry.

Balance Sheet

The balance sheet of eWeLL Co., Ltd is quite healthy with a strong equity position. The company has no debt as of the latest report, resulting in a debt-to-equity ratio of 0, which signifies financial stability. Return on equity is commendable, showcasing effective use of shareholder funds. The equity ratio is robust, indicating financial strength and low leverage risk.

Cash Flow

The cash flow statement reflects a positive trajectory with strong free cash flow growth. The company's operating cash flow to net income ratio is healthy, suggesting efficient cash generation. The free cash flow to net income ratio is also favorable, indicating that the company is generating ample cash relative to its earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.97B	2.57B	2.07B	1.60B	1.19B	790.77M
Gross Profit	2.35B	2.00B	1.64B	1.27B	961.36M	649.75M
EBITDA	1.48B	1.22B	970.59M	714.51M	418.70M	210.81M
Net Income	990.39M	808.26M	612.90M	449.56M	340.29M	184.88M
Balance Sheet
Total Assets	3.52B	3.07B	2.38B	1.65B	1.06B	610.98M
Cash, Cash Equivalents and Short-Term Investments	2.22B	1.97B	1.41B	1.08B	617.07M	326.74M
Total Debt	0.00	0.00	91.50M	96.06M	180.62M	225.18M
Total Liabilities	701.16M	661.49M	690.00M	543.94M	557.13M	447.11M
Stockholders Equity	2.82B	2.41B	1.69B	1.11B	504.15M	163.87M
Cash Flow
Free Cash Flow	0.00	839.09M	401.97M	472.15M	347.06M	179.85M
Operating Cash Flow	0.00	856.79M	626.91M	543.38M	408.64M	195.90M
Investing Cash Flow	0.00	-77.89M	-217.84M	-136.43M	-73.75M	-15.68M
Financing Cash Flow	0.00	-225.88M	-71.36M	51.19M	-44.56M	-4.56M

eWeLL Co.,Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2652.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5038, the sentiment is Positive. The current price of 2652 is above the 20-day moving average (MA) of 2621.20, below the 50-day MA of 2661.25, and above the 200-day MA of 2515.96, indicating a bullish trend. The MACD of 72.75 indicates Negative momentum. The RSI at 68.13 is Neutral, neither overbought nor oversold. The STOCH value of 94.69 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5038.

eWeLL Co.,Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3763	82 Outperform	¥49.31B	17.13	―	1.92%	20.81%	68.06%
5038	73 Outperform	¥44.12B	41.25	―	0.47%	31.05%	46.12%
3692	73 Outperform	¥65.29B	55.07	―	0.20%	50.53%	227.57%
3983	70 Outperform	¥34.38B	18.40	―	1.45%	5.48%	5.36%
5027	64 Neutral	¥37.13B	21.89	―	―	20.84%	10.41%
4259	61 Neutral	¥54.03B	-28.98	―	―	8.98%	-581.59%
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%

eWeLL Co.,Ltd Corporate Events

eWeLL Co., Ltd. Reports Strong Q3 Results and Increases Dividend

eWeLL Co., Ltd. announced strong financial results for the third quarter of FY12/2025, leading to a decision to increase dividend payments by JPY1. The company’s AI Home-visit Scheduling & Routes service has seen significant interest, with over 1,000 free trial applications, which reflects a positive reception and potential for future growth. This performance underscores eWeLL’s solid market position and its ability to generate stable cash flow, supporting its shareholder return policy.

eWeLL Co., Ltd. Boosts Dividends Amid Strong Q3 Performance

eWeLL Co., Ltd. reported strong financial results for the third quarter of FY2025, with net sales and operating profit surpassing forecasts. This performance has led the company to increase its dividend payments by JPY1, reflecting its stable cash-generating ability and commitment to shareholder returns. Additionally, the company has seen significant interest in its new AI Home-visit Scheduling and Routes service, with over 1,000 free trial applications, indicating strong market reception and potential for future growth.

eWeLL Co., Ltd Reports Strong Financial Growth and Increases Dividend Forecast

eWeLL Co., Ltd has reported significant growth in its financial results for the nine months ended September 30, 2025, with net sales increasing by 33% and net income rising by 43.7% compared to the previous year. The company also announced a revised dividend forecast, increasing the fiscal year-end dividend to 16 yen per share, reflecting its strong financial performance and commitment to shareholder returns.