Vestand Inc Class A (VSTD) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 3.06M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.49
• Revenue Growth: 30.39%
• EPS Growth: -6.37%
• Country: US
• Employees: 259
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Food Distribution
• EPS (TTM): N/A
• Shares Outstanding: 14,124,980
• 10 Day Avg. Volume: 187,350
• 30 Day Avg. Volume: 3,064,092
• PEG Ratio: 0.13
• Price to Book (P/B): 17.28
• Price to Sales (P/S): 0.34
• P/FCF Ratio: 38.82
• Enterprise Value/Market Cap: 10.00T>
• Enterprise Value/Revenue: 0.92
• Enterprise Value/Gross Profit: 16.94
• Enterprise Value/Ebitda: -7.70
• 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: 41 Neutral
• Price Target: $0.29 ▲(10.38% Upside)

The score is held down primarily by weak financial health (ongoing losses, negative margins, and high leverage) and significant negative corporate events tied to Nasdaq compliance and litigation risk. Technicals show only a tentative short-term bounce within a broader downtrend, and valuation is not supportive given negative earnings and no dividend.

Positive Factors

Revenue Growth

Modest TTM revenue growth demonstrates persistent customer demand and supports operational scale. Over a 2-6 month horizon steady top-line expansion can enable incremental investment in distribution and product initiatives, helping absorb fixed costs and improve long-term unit economics.

Improving Gross Margin

An improving gross margin indicates better pricing, mix, or cost control at the core distribution business. Sustained margin expansion enhances ability to fund SG&A and compliance investments, supporting a structural path toward operating leverage and eventual recovery of profitability.

Free Cash Flow Recovery

A large rebound in free cash flow signals improving cash conversion and operational fixes. Durable FCF improvement provides strategic flexibility to fund working capital, service debt, or pursue targeted acquisitions, reducing reliance on dilutive financing over the medium term.

Negative Factors

High Financial Leverage

A debt-to-equity ratio above 2x signals significant reliance on leverage, raising solvency and refinancing risk. Over several months higher leverage constrains strategic choices, increases fixed financial costs, and heightens vulnerability to adverse cash flow swings or interest rate pressure.

Sustained Negative Profitability

Ongoing negative EBIT and net margins reflect structural unprofitability that erodes equity and return metrics. Persistent losses necessitate external financing, hinder reinvestment, and limit ability to build reserves, making long-term recovery contingent on material margin or revenue improvements.

Nasdaq Non-Compliance & Litigation Overhang

Regulatory non-compliance and pending litigation create an enduring governance and market-access risk. Potential delisting, remediation costs, or adverse judgment could materially impair liquidity, raise financing costs, and distract management from operational execution over the medium term.

Vestand Inc Class A Business Overview & Revenue Model

Company Description

Vestand Inc Class A (VSTD) is a technology-driven company specializing in innovative solutions for the e-commerce and logistics sectors. The company focuses on providing advanced software platforms and analytics tools that enhance supply chain efficiency and optimize inventory management for businesses of all sizes. Vestand's core products include cloud-based logistics software, data analytics services, and integrated e-commerce solutions designed to streamline operations and improve customer engagement.

How the Company Makes Money

Vestand Inc generates revenue primarily through subscription fees for its software platforms and analytics tools, which are charged on a monthly or annual basis. Additionally, the company earns money from consulting services that assist clients in implementing and optimizing its technology solutions. Key revenue streams include licensing fees from proprietary software, transaction fees from integrated payment processing, and partnerships with logistics providers that enhance service offerings. Significant collaborations with major e-commerce platforms and logistics companies also contribute to its earnings by expanding its market reach and enabling cross-promotional opportunities.

Vestand Inc Class A Financial Statement Overview

Summary

Mixed operating picture: modest revenue growth (TTM +2.69%) and improved gross margin (22.16%), but profitability is weak with negative net margin (-23.83%) and negative EBIT margin (-11.05%). Balance sheet risk is elevated due to high leverage (debt-to-equity 2.51) and deeply negative ROE (-152.57%). Cash flow shows a sharp free-cash-flow growth rebound, but operating cash flow remains negative, limiting financial stability.

Income Statement

Yoshiharu Global Co. Class A has shown some revenue growth, with a TTM revenue growth rate of 2.69%. However, the company is struggling with profitability, as indicated by negative net profit margins (-23.83%) and EBIT margins (-11.05%). The gross profit margin has improved to 22.16% in the TTM, but overall profitability remains a concern.

Balance Sheet

The company's balance sheet shows high leverage with a debt-to-equity ratio of 2.51 in the TTM, indicating significant reliance on debt financing. The return on equity is negative (-152.57%), reflecting ongoing losses. The equity ratio is low, suggesting limited equity buffer against liabilities.

Cash Flow

Cash flow analysis reveals a significant improvement in free cash flow growth (3956.55% in TTM), but operating cash flow remains negative. The free cash flow to net income ratio is positive (1.41), indicating some ability to cover net losses with free cash flow, but overall cash flow stability is weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	13.90M	12.84M	9.21M	8.28M	6.54M	3.17M
Gross Profit	752.47K	1.52M	364.39K	166.09K	214.59K	-27.08K
EBITDA	-1.65M	-1.31M	-2.23M	-2.72M	-1.42M	-271.70K
Net Income	-3.31M	-2.67M	-3.04M	-3.49M	-1.63M	-450.13K
Balance Sheet
Total Assets	19.07M	17.57M	13.02M	16.02M	5.84M	3.01M
Cash, Cash Equivalents and Short-Term Investments	1.33M	1.24M	1.46M	6.14M	1.09M	0.00
Total Debt	12.37M	15.40M	9.65M	9.63M	6.47M	4.19M
Total Liabilities	14.38M	17.32M	10.37M	10.38M	8.15M	4.39M
Stockholders Equity	4.69M	255.40K	2.65M	5.64M	-2.32M	-1.37M
Cash Flow
Free Cash Flow	-2.12M	113.70K	-6.06M	-5.27M	-702.47K	-411.29K
Operating Cash Flow	-1.51M	875.22K	-4.59M	-3.80M	194.14K	133.94K
Investing Cash Flow	-3.11M	-2.56M	-1.47M	-1.47M	-896.62K	-545.24K
Financing Cash Flow	4.75M	1.47M	1.39M	10.69M	1.79M	333.17K

Vestand Inc Class A Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.26
• 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 VSTD, the sentiment is Negative. The current price of 0.26 is below the 20-day moving average (MA) of 0.31, below the 50-day MA of 0.37, and below the 200-day MA of 1.71, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 40.16 is Neutral, neither overbought nor oversold. The STOCH value of 37.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VSTD.

Vestand Inc Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
USFD	74 Outperform	$18.64B	34.80	12.29%	―	4.80%	3.49%
PFGC	65 Neutral	$14.97B	45.89	7.42%	―	10.55%	-23.38%
CHEF	64 Neutral	$2.56B	36.37	14.12%	―	8.88%	54.12%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
HFFG	56 Neutral	$101.31M	-2.22	-17.40%	―	4.10%	-2241.30%
UNFI	52 Neutral	$2.27B	-22.33	-6.37%	―	1.45%	-5.49%
VSTD	41 Neutral	―	-0.52	-122.18%	―	30.39%	-6.37%

Vestand Inc Class A Corporate Events

Vestand Inc Expands Convertible Note Use Scope

Vestand Inc. announced a Change of Use Amendment to its Convertible Note Subscription Agreement with the Open Innovation Fund, originally established in August 2025 for $4.4 million. The amendment, signed on September 10, 2025, broadens the use of proceeds from strictly real estate-focused purposes to include general operations, financial restructuring, growth investments, business acquisitions, and internal control improvements. The Company also acknowledged a delay in filing the amendment, which has since been rectified, ensuring transparency with stakeholders.

The most recent analyst rating on (VSTD) stock is a Sell with a $0.44 price target. To see the full list of analyst forecasts on Vestand Inc Class A stock, see the VSTD Stock Forecast page.

Vestand Inc. Receives Nasdaq Noncompliance Notice

On December 12, 2025, Vestand Inc. received notice from Nasdaq regarding noncompliance with the $1.00 minimum bid price requirement for continued listing. While the notification does not immediately affect the stock’s trading, the company has been given 180 days, until June 10, 2026, to regain compliance by meeting or exceeding the required share price for ten consecutive business days. Failure to comply during this period, or an extended compliance window if conditions allow, could lead to delisting from Nasdaq. The company is currently evaluating potential actions to address this deficiency, though no decisions have been finalized.

The most recent analyst rating on (VSTD) stock is a Sell with a $0.44 price target. To see the full list of analyst forecasts on Vestand Inc Class A stock, see the VSTD Stock Forecast page.

Vestand Inc Faces Nasdaq Non-Compliance Notice

On December 2, 2025, Vestand Inc. announced that it received a notice from Nasdaq on November 25, 2025, regarding its non-compliance with Listing Rule 5250(c)(1) due to the delayed filing of its Quarterly Report on Form 10-Q for the period ended September 30, 2025. The company has 60 days to submit a compliance plan to Nasdaq, which may grant an extension of up to 180 days if accepted. The notice does not immediately affect the listing of Vestand’s Class A Common Stock, and the company intends to regain compliance as soon as possible, although there is no assurance of meeting the required timelines or conditions.

The most recent analyst rating on (VSTD) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on Vestand Inc Class A stock, see the VSTD Stock Forecast page.

Vestand Inc. Faces Lawsuit Over Investment Fraud

Vestand Inc. is involved in a lawsuit filed on March 7, 2024, in Los Angeles County, California, alongside former executive James Chae and two other entities affiliated with him. The lawsuit alleges contractual fraud related to investments advised by Chae, including the company’s IPO, leading to losses of around $1,000,000. The plaintiffs seek various damages and legal relief, while Vestand Inc. has filed a cross-complaint against Chae and his entity for indemnity and declaratory relief. The company cannot predict the litigation outcome or financial impact, but an adverse judgment could significantly affect its financial condition.

The most recent analyst rating on (VSTD) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on Vestand Inc Class A stock, see the VSTD Stock Forecast page.