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Money Forward Inc

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Money Forward Inc Logo
Money Forward Inc
Price: 4 802 JPY +1.67% Market Closed
Updated: Sep 30, 2023

Intrinsic Value

Intrinsic Value History
Money Forward Inc

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Valuation Methods

There are two methods to calculate the Intrinsic Value of a stock: DCF Valuation and Relative Valuation. We take the average of these two methods to estimate the intrinsic value as accurately as possible. You can see the Intrinsic Value of a stock at the top of this page.

DCF Value
Discounted Cash Flow

DCF Parameters:
Operating Model
Discount Rate
Forecast Period
Terminal Growth
DCF Input
DCF Input
DCF Input

Fundamental Analysis


Balance Sheet Decomposition
Money Forward Inc

Current Assets 41.6B
Cash & Short-Term Investments 29.1B
Receivables 9.8B
Other Current Assets 2.7B
Non-Current Assets 29.5B
Long-Term Investments 13.9B
PP&E 1.2B
Intangibles 12.3B
Other Non-Current Assets 2.1B
Current Liabilities 26.1B
Accounts Payable 268m
Accrued Liabilities 1.8B
Short-Term Debt 9.3B
Other Current Liabilities 14.8B
Non-Current Liabilities 14.7B
Long-Term Debt 10.8B
Other Non-Current Liabilities 4B
Fundamental Scores

Profitability Score
Profitability Due Diligence

Money Forward Inc's profitability score is 31/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Exceptional 3-Years Revenue Growth
Exceptional Revenue Growth Forecast
Exceptional 1-Year Revenue Growth

Money Forward Inc's profitability score is 31/100. The higher the profitability score, the more profitable the company is.

Solvency Score
Solvency Due Diligence

Money Forward Inc's solvency score is 53/100. The higher the solvency score, the more solvent the company is.

High Altman Z-Score
Low D/E
Negative Net Debt
Long-Term Solvency

Money Forward Inc's solvency score is 53/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

Price Targets Summary
Money Forward Inc

Wall Street analysts forecast Money Forward Inc stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for Money Forward Inc is 6 254.64 JPY with a low forecast of 4 545 JPY and a high forecast of 8 400 JPY.

Price Target
4 545 JPY
5% Downside
Price Target
6 254.64 JPY
30% Upside
Price Target
8 400 JPY
75% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

Return Decomposition
Main factors of price return

What is price return decomposition?

Money Forward Inc

1M 1M
6M 6M
1Y 1Y
3Y 3Y
5Y 5Y
10Y 10Y
Annual Price Range
4 802
52w Low
3 080
52w High
6 465
Price Metrics
Average Annual Return 37.94%
Standard Deviation of Annual Returns 53.01%
Max Drawdown -69%
Shares Statistics
Market Capitalization 260B JPY
Shares Outstanding 54 038 979
Percentage of Shares Shorted

Company Profile

Money Forward Inc Logo
Money Forward Inc





Market Cap

260B JPY

Dividend Yield



Money Forward, Inc. engages in the Internet service development business. The company is headquartered in Minato-Ku, Tokyo-To and currently employs 1,248 full-time employees. The company went IPO on 2017-09-29. is a Japan-based company principally engaged in the platform service business. The firm provides two services. The money forward cloud service is involved in the provision of a cloud enterprise resources planning (ERP) service platform. The platform provides management support for medium-sized and small enterprises to improve efficiency of management and back office operations based on data. The personal financial management (PFM) service is involved in the operation of Money Forward ME platform for solving problems and issues related to personal money through various services.


21F, msb Tamachi Tamachi Station Tower S, 3-1-21, Shibaura




1 248


Pres, CEO & Representative Director
Mr. Yosuke Tsuji
Group Exec. Officer, CFO & Director
Mr. Naoya Kanesaka
COO of Money Forward Kessai, Inc.
Tomoyuki Kinoshita
Group Exec. Officer & Accounting Department Mang.
Mr. Shun Matsuoka
Group Exec. Officer, Director, CTO and D&I Head
Mr. Takuya Nakade
Head of IR - Corp. Planning Department
Ms. Marie Oshioka
Show More
Group Exec. Officer & CCO
Mr. Hirokazu Ban
Group Exec. Officer & CLO
Mr. Masakazu Sekita
Group Exec. Officer, Sustainability Head, Chief of Public Affairs & Head of Fintech Institute
Mr. Toshio Taki
Head of Corp. Devel.
Yumiko Nagao
Show Less

See Also

Other Stocks
What is the Intrinsic Value of one Money Forward Inc stock?

The intrinsic value of one Money Forward Inc stock under the Base Case scenario is 1 298.73 JPY.

Is Money Forward Inc stock undervalued or overvalued?

Compared to the current market price of 4 802 JPY, Money Forward Inc is Overvalued by 73%.