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CEL Corporation (JP:5078)
:5078
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CEL Corporation
(5078)
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Rating:61Neutral
Price Target:
¥5,080.00
▲(5.50% Upside)
The score is supported primarily by a very conservative balance sheet and improved recent profitability, plus a reasonable P/E and a moderate dividend yield. It is held back materially by weak technicals (price below major moving averages and bearish momentum indicators), alongside inconsistent cash-flow generation.
CEL Corporation (5078) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥16.49B
Dividend Yield1.96%
Average Volume (3M)696.00
Price to Earnings (P/E)14.2
Beta (1Y)0.34
Revenue GrowthN/A
EPS GrowthN/A
CountryJP
Employees180
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)52.15
Shares Outstanding3,491,900
10 Day Avg. Volume970
30 Day Avg. Volume696
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)0.72
Price to Sales (P/S)0.62
P/FCF Ratio10.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
CEL Corporation Business Overview & Revenue Model
Company DescriptionCEL Corporation provides consulting services on land utilization. The company also engages in the business related to design and construction, civil engineering works; property management, building leasing, and management and operations; real estate sales, leasing, exchange and its agency, and mediation; and building renovation and maintenance. In addition, it is involved in the business related to manufacturing and processing of steel frame members and materials for construction activities, and provision of apartment management services. CEL Corporation was incorporated in 1993 and is headquartered in Tokyo, Japan.
How the Company Makes Money
CEL Corporation Financial Statement Overview
Summary
Strong balance sheet with minimal-to-zero debt and expanding equity supports financial stability, and profitability/margins improved in 2024–2025. The main constraint is volatile cash-flow conversion (deeply negative operating/free cash flow in 2022–2023 and weaker operating cash flow in 2025 vs 2024), plus an earnings/margin outlier in 2022 that reduces predictability.Income Statement
Revenue has grown steadily over the last several years (strongest growth in 2023, then moderating), and profitability improved meaningfully in 2024–2025 with higher gross and operating margins. Net margin in 2025 (~6%) is healthy for the company’s recent history. A key weakness is volatility/outlier behavior in 2022, where profit and margin levels appear unusually high versus all other years, reducing confidence in the smoothness and predictability of earnings over time.72
Positive
Balance Sheet
The balance sheet is very conservatively positioned: debt is minimal and down to zero in 2025, resulting in essentially no leverage risk. Equity has expanded strongly versus earlier years, supporting a larger asset base. Return on equity is positive and improving recently (2023–2025), but it is still moderate in the latest year (~7%), suggesting solid stability but not exceptional capital efficiency.88
Very Positive
Cash Flow
Cash generation is mixed. Free cash flow is positive in 2024–2025 and broadly tracks reported earnings (free cash flow close to net income), which is a strength. However, operating and free cash flow were deeply negative in 2022–2023, and operating cash flow in 2025 is notably lower than 2024, pointing to working-capital or timing swings and less consistent cash conversion than desired.55
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.14B | 23.92B | 23.10B | 21.38B | 18.42B | 17.08B |
| Gross Profit | 4.83B | 4.71B | 3.96B | 3.41B | 3.01B | 2.82B |
| EBITDA | 2.12B | 2.22B | 1.82B | 1.41B | 18.00B | 1.48B |
| Net Income | 1.32B | 1.42B | 1.11B | 853.43M | 10.68B | 576.77M |
Balance Sheet | ||||||
| Total Assets | 24.73B | 24.87B | 24.18B | 22.42B | 27.43B | 12.81B |
| Cash, Cash Equivalents and Short-Term Investments | 17.50B | 18.58B | 17.77B | 14.25B | 19.50B | 7.13B |
| Total Debt | 136.00M | 0.00 | 200.00M | 200.00M | 1.18B | 1.47B |
| Total Liabilities | 4.09B | 4.45B | 4.75B | 3.63B | 9.66B | 5.29B |
| Stockholders Equity | 20.64B | 20.42B | 19.43B | 18.79B | 17.77B | 7.52B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.47B | 4.02B | -4.44B | -4.28B | 1.29B |
| Operating Cash Flow | 0.00 | 1.53B | 4.34B | -4.18B | -4.18B | 1.34B |
| Investing Cash Flow | 0.00 | -99.90M | -342.07M | -261.92M | 17.19B | -88.27M |
| Financing Cash Flow | 0.00 | -605.36M | -481.47M | -820.69M | -647.15M | -783.73M |
CEL Corporation Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥22.85B | 17.07 | ― | 2.47% | 15.04% | 68.39% | |
73 Outperform | ¥20.95B | 10.96 | ― | 4.36% | 1.52% | 16.04% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | ¥16.49B | 14.16 | ― | 1.96% | ― | ― | |
61 Neutral | ¥17.08B | 10.06 | ― | 4.52% | -3.46% | -42.76% | |
60 Neutral | ¥18.50B | 24.85 | ― | 5.27% | -1.41% | 194.28% |
* Real Estate Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.