Change Inc
TSE:3962
Decide at what price you'd be comfortable buying and we'll help you stay ready.
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P/OCF
Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.
Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.
Valuation Scenarios
If P/OCF returns to its 3-Year Average (12.3), the stock would be worth ¥2 229.93 (145% upside from current price).
| Scenario | P/OCF Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 5 | ¥912 |
0%
|
| 3-Year Average | 12.3 | ¥2 229.93 |
+145%
|
| 5-Year Average | 26 | ¥4 715.55 |
+417%
|
| Industry Average | 15.8 | ¥2 864.48 |
+214%
|
| Country Average | 11.5 | ¥2 076.72 |
+128%
|
Forward P/OCF
Today’s price vs future operating cash flow
Peer Comparison
| Market Cap | P/OCF | P/E | ||||
|---|---|---|---|---|---|---|
| JP |
|
Change Inc
TSE:3962
|
63.5B JPY | 5 | 10.3 | |
| US |
|
International Business Machines Corp
NYSE:IBM
|
213.9B USD | 15.3 | 19.9 | |
| JP |
|
BrainPad Inc
TSE:3655
|
20.9T JPY | 69.4 | 551.4 | |
| IE |
|
Accenture PLC
NYSE:ACN
|
108.9B USD | 8.3 | 14.2 | |
| IN |
|
Tata Consultancy Services Ltd
NSE:TCS
|
8.9T INR | 17.4 | 18.4 | |
| IN |
|
Infosys Ltd
NSE:INFY
|
4.7T INR | 13.9 | 16.9 | |
| JP |
|
Fujitsu Ltd
TSE:6702
|
6.5T JPY | 16.4 | 13.6 | |
| JP |
|
NEC Corp
TSE:6701
|
5.9T JPY | 12.9 | 24.1 | |
| JP |
N
|
NTT Data Group Corp
DUS:NT5
|
30.3B EUR | 11.2 | 38.8 | |
| IN |
|
HCL Technologies Ltd
NSE:HCLTECH
|
3.3T INR | 16.6 | 20 | |
| JP |
|
NTT Data Corp
TSE:9613
|
5.6T JPY | 11.3 | 39.1 |
Market Distribution
| Min | 0.1 |
| 30th Percentile | 8 |
| Median | 11.5 |
| 70th Percentile | 16 |
| Max | 277 515 329.3 |
Other Multiples
Change Inc
Glance View
Change, Inc. provides mobility, IoT (Internet of Things) big data, security and IT human resources training services. The company is headquartered in Minato-Ku, Tokyo-To and currently employs 305 full-time employees. The company went IPO on 2016-09-27. Its NEW-IT Transformation segment transforms Japanese business operations and business models through new technologies and digital human resource development. The Investment segment mainly invests in companies that are in the so-called late stage of entering the preparatory period for initial public offering (IPO). The Publitech segment provides a hometown tax payment platform business and technology services for government agencies.
