C

Cover Corp
OTC:COVCF

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Cover Corp
OTC:COVCF
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Price: 10.5 USD -1.41% Market Closed
Market Cap: $641.8m

Net Margin

11.3%
Current
Declining
by 1.6%
vs 3-y average of 13%

Net Margin shows how much profit a company keeps from each dollar of sales after all expenses, including taxes and interest. It reflects the company`s overall profitability.

Net Margin
11.3%
=
Net Income
¥5.4B
/
Revenue
¥48.1B

Net Margin shows how much profit a company keeps from each dollar of sales after all expenses, including taxes and interest. It reflects the company`s overall profitability.

Net Margin
11.3%
=
Net Income
$5.4B
/
Revenue
¥48.1B

Peer Comparison

Country Company Market Cap Net
Margin
JP
Cover Corp
TSE:5253
104B JPY
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US
Netflix Inc
NASDAQ:NFLX
379.5B USD
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US
Walt Disney Co
NYSE:DIS
190.6B USD
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LU
Spotify Technology SA
NYSE:SPOT
104.7B USD
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US
Warner Bros Discovery Inc
NASDAQ:WBD
68.2B USD
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NL
Universal Music Group NV
AEX:UMG
37.9B EUR
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US
TKO Group Holdings Inc
NYSE:TKO
39.3B USD
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US
Live Nation Entertainment Inc
NYSE:LYV
33.5B USD
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CN
Tencent Music Entertainment Group
NYSE:TME
25.3B USD
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FR
Bollore SE
PAR:BOL
13.5B EUR
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US
Warner Music Group Corp
NASDAQ:WMG
15.8B USD
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Market Distribution

Higher than 79% of companies in Japan
Percentile
79th
Based on 6 917 companies
79th percentile
11.3%
Low
-122 700% — 2.9%
Typical Range
2.9% — 8.5%
High
8.5% — 63 031.4%
Distribution Statistics
Japan
Min -122 700%
30th Percentile 2.9%
Median 5.4%
70th Percentile 8.5%
Max 63 031.4%

Cover Corp
Glance View

Market Cap
641.8m USD
Industry
Media

Cover Corp, founded in 2016 by visionary entrepreneur Motoaki Tanigo, is a pioneering entertainment company known prominently for its creation of Hololive Production, a virtual YouTuber (VTuber) agency. Operating at the intersection of technology and entertainment, Cover Corp capitalizes on the rising phenomenon of virtual personas who perform, stream, and interact with fans in real-time. These VTubers, animated using sophisticated 2D and 3D visual technologies, captivate audiences worldwide through a blend of idol performance culture and interactive media. Hololive's impressive roster of over 50 characters, drawing influences from popular anime design and internet culture, has fostered a unique digital entertainment ecosystem that engages millions of viewers globally. Revenue generation for Cover Corp thrives through a multifaceted business model. Central to its financial success is the monetization of VTuber content on platforms such as YouTube, where a substantial income stream is derived from super chats—donations made by fans during live streams. Additionally, the company leverages merchandise sales, offering a variety of products from digital content, such as voice packs, to physical goods, including apparel and character figurines. Sponsorships and collaborative projects with renowned brands further solidify its revenue strategy, as the immense popularity of VTubers presents lucrative partnership opportunities. By building a community-driven model that heavily relies on fan engagement and participation, Cover Corp has successfully carved out a profitable niche in the dynamic digital entertainment landscape.

COVCF Intrinsic Value
20.7 USD
Undervaluation 49%
Intrinsic Value
Price
C
What is Net Margin?
Net Margin shows how much profit a company keeps from each dollar of sales after all expenses, including taxes and interest. It reflects the company`s overall profitability.
How is Net Margin calculated?

Net Margin is calculated by dividing the Net Income by the Revenue.

Net Margin
11.3%
=
Net Income
¥5.4B
/
Revenue
¥48.1B
What is Cover Corp's current Net Margin?

The current Net Margin for Cover Corp is 11.3%, which is below its 3-year median of 13%.

How has Net Margin changed over time?

Over the last 2 years, Cover Corp’s Net Margin has decreased from 12.7% to 11.3%. During this period, it reached a low of 11.3% on Oct 30, 2025 and a high of 14.3% on Dec 1, 2023.

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