POPER Co., Ltd. (5134) AI Stock Analysis

• Market Cap: ¥2.09B
• Dividend Yield: N/A
• Average Volume (3M): 40.14K
• Price to Earnings (P/E): 15.0
• Beta (1Y): 0.23
• Revenue Growth: 29.72%
• EPS Growth: 65.33%
• Country: JP
• Employees: 78
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -8.93
• Shares Outstanding: 3,944,576
• 10 Day Avg. Volume: 27,780
• 30 Day Avg. Volume: 40,136
• PEG Ratio: 0.37
• Price to Book (P/B): 3.84
• Price to Sales (P/S): 2.42
• P/FCF Ratio: 15.86
• 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: 61 Neutral
• Price Target: ¥626.00 ▲(18.34% Upside)

POPER Co., Ltd.'s overall stock score is primarily driven by its strong financial performance, with impressive revenue and profit growth and a solid balance sheet. However, the technical analysis indicates bearish momentum, which significantly impacts the score. The valuation is reasonable, but the lack of a dividend yield may deter some investors.

Positive Factors

Improved leverage

A dramatic reduction in leverage materially strengthens financial flexibility: lower interest burden and higher capacity to fund R&D, sales expansion or M&A. This durable balance-sheet improvement reduces downside risk and supports multi-quarter strategic investments.

Strong free cash flow

Consistent free cash flow growth provides a lasting source of funding for product development, customer acquisition, and working capital. For a subscription-driven model, improving cash conversion underpins self-funded growth and lowers reliance on external financing over multiple quarters.

High and improving margins

Elevated and rising gross and net margins indicate a scalable software business with strong unit economics. Sustained margin expansion supports reinvestment, cushions against competition, and helps drive return on equity, making profitability improvements durable across cycles.

Negative Factors

Slowing revenue growth

A decelerating top-line trend weakens operational leverage and can constrain long-term earnings growth. Persistently slower revenue expansion forces higher reliance on margin gains or cost cuts to sustain net income, making future profit trajectory more sensitive to execution.

Ongoing debt monitoring advised

Even with recent improvements, management’s explicit warning to monitor debt suggests residual obligations or refinancing risk remain. Ongoing debt oversight is essential; insufficient attention could limit strategic flexibility or raise interest costs over multiple reporting periods.

Limited headcount for scaling

A relatively small workforce can constrain the pace of product development, sales coverage, and customer support as the business scales. Over several quarters, limited human capital may slow market expansion, lengthen product release cycles, and increase reliance on third parties.

POPER Co., Ltd. Business Overview & Revenue Model

Company Description

POPER Co., Ltd. (5134) is a dynamic company operating in the technology sector, specializing in digital marketing solutions and advertising services. The company focuses on providing innovative tools and platforms that assist businesses in enhancing their online presence, optimizing advertising campaigns, and achieving better customer engagement. With a strong emphasis on data analytics and user experience, POPER offers a suite of products aimed at maximizing marketing effectiveness across various digital channels.

How the Company Makes Money

POPER Co., Ltd. generates revenue primarily through its subscription-based model, where clients pay for access to its digital marketing tools and advertising platforms. Key revenue streams include monthly or annual subscription fees for software services, performance-based advertising fees, and consultancy services aimed at optimizing marketing strategies for businesses. Additionally, POPER may engage in partnerships with other tech firms and advertising networks, which can provide additional revenue through shared services or co-marketing initiatives. The company's ability to attract and retain a diverse client base across different industries also contributes significantly to its earnings.

POPER Co., Ltd. Financial Statement Overview

Summary

POPER Co., Ltd. has demonstrated strong financial performance with consistent revenue growth, improved profit margins, and enhanced cash flow generation. The balance sheet shows reduced leverage and a stronger equity position. However, the slowing revenue growth rate and the need to manage debt levels are areas to watch.

Income Statement

POPER Co., Ltd. has demonstrated consistent revenue growth over the years, with a notable increase in gross profit margin from 68.1% in 2021 to 75.2% in 2025. The net profit margin improved significantly from negative figures in 2020 and 2021 to 10% in 2025, indicating enhanced profitability. EBIT and EBITDA margins have also improved, reflecting better operational efficiency. However, the revenue growth rate has slowed down in recent years, which could be a concern for future growth.

Balance Sheet

The company's debt-to-equity ratio has improved from 2.33 in 2021 to 0.15 in 2025, indicating reduced leverage and a stronger equity position. Return on equity has increased to 15.8% in 2025, showcasing improved profitability and efficient use of equity. The equity ratio has also strengthened, reflecting a solid financial position. However, the company should continue to monitor its debt levels to maintain financial stability.

Cash Flow

POPER Co., Ltd. has shown a robust increase in operating and free cash flows, with a significant free cash flow growth rate of 16% in 2024. The operating cash flow to net income ratio has improved, indicating better cash generation relative to net income. The free cash flow to net income ratio remains strong, suggesting efficient cash management. Continued focus on cash flow generation will be crucial for sustaining growth.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.35B	1.39B	1.07B	829.20M	665.33M	442.88M
Gross Profit	1.02B	1.04B	797.59M	610.61M	476.24M	301.73M
EBITDA	220.37M	165.61M	81.63M	37.44M	-22.92M	-176.89M
Net Income	241.89M	138.76M	83.66M	26.41M	7.93M	-184.91M
Balance Sheet
Total Assets	1.25B	1.24B	1.07B	878.44M	695.81M	346.71M
Cash, Cash Equivalents and Short-Term Investments	799.00M	848.90M	705.96M	659.60M	505.58M	213.64M
Total Debt	144.00M	128.81M	186.73M	114.50M	163.93M	176.97M
Total Liabilities	338.00M	367.08M	347.20M	240.62M	289.21M	270.65M
Stockholders Equity	909.00M	875.70M	723.39M	637.82M	406.60M	76.06M
Cash Flow
Free Cash Flow	0.00	212.23M	51.58M	3.03M	-14.78M	-159.79M
Operating Cash Flow	0.00	213.21M	61.01M	8.17M	-13.31M	-158.70M
Investing Cash Flow	0.00	-21.46M	-87.80M	-9.54M	-4.48M	-23.22M
Financing Cash Flow	0.00	-48.81M	73.16M	155.38M	309.72M	71.49M

POPER Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 529.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5134, the sentiment is Negative. The current price of 529 is below the 20-day moving average (MA) of 569.10, below the 50-day MA of 649.30, and below the 200-day MA of 975.20, indicating a bearish trend. The MACD of -24.60 indicates Negative momentum. The RSI at 30.30 is Neutral, neither overbought nor oversold. The STOCH value of 9.43 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:5134.

POPER Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5596	76 Outperform	¥5.65B	14.48	―	0.95%	0.86%	2.72%
3917	66 Neutral	¥4.89B	7.62	―	―	7.40%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
5134	61 Neutral	¥2.09B	15.01	―	―	29.72%	65.33%
4167	58 Neutral	¥2.48B	-98.77	―	―	-6.33%	-129.18%
3967	44 Neutral	¥3.98B	-4.79	―	―	15.39%	-562.65%