Mercari Inc
TSE:4385
Intrinsic Value
Mercari, Inc. develops, operates and designs Mercari, a smart phone shopping application. [ Read More ]
The intrinsic value of one Mercari Inc stock under the Base Case scenario is 2 475.58 JPY. Compared to the current market price of 1 955.5 JPY, Mercari Inc is Undervalued by 21%.
Valuation Backtest
Mercari Inc
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Fundamental Analysis
Record Highs Amid Future Growth Investment
2024-Q2 Earnings Call
The company marked its highest ever revenue and a 10% year-on-year growth in Gross Merchandise Volume (GMV), maintaining profitability with a core operating profit margin of 37%. Active user base increased by 9% to 23.5 million. Investments in the Mercard loyalty program fueled synergy and ARPU growth, alongside initiatives enhancing crossborder transactions and specific categories like smartphones and fashion. Fintech showed revenue growth with Mercard users crossing 2.5 million and credit balances over JPY 150 billion. The U.S. market faced a 12% drop in GMV due to inflation, even as user engagement improved. The company is poised for launches in on-demand labor and expects no increase in profits due to heightened investment in new ventures and user acquisition, especially in Fintech.
Balance Sheet Decomposition
Mercari Inc
Current Assets | 362.1B |
Cash & Short-Term Investments | 185.3B |
Receivables | 165.8B |
Other Current Assets | 10.9B |
Non-Current Assets | 94.5B |
Long-Term Investments | 2.5B |
PP&E | 5.6B |
Intangibles | 776m |
Other Non-Current Assets | 85.6B |
Current Liabilities | 261.4B |
Accounts Payable | 22.5B |
Short-Term Debt | 33.9B |
Other Current Liabilities | 205B |
Non-Current Liabilities | 133.6B |
Long-Term Debt | 132.5B |
Other Non-Current Liabilities | 1B |
Earnings Waterfall
Mercari Inc
Revenue
|
180.2B
JPY
|
Cost of Revenue
|
-56B
JPY
|
Gross Profit
|
124.1B
JPY
|
Operating Expenses
|
-105.4B
JPY
|
Operating Income
|
18.7B
JPY
|
Other Expenses
|
-2.3B
JPY
|
Net Income
|
16.4B
JPY
|
Free Cash Flow Analysis
Mercari Inc
What is Free Cash Flow?
Profitability Score
Profitability Due Diligence
Mercari Inc's profitability score is 49/100. The higher the profitability score, the more profitable the company is.
Score
Mercari Inc's profitability score is 49/100. The higher the profitability score, the more profitable the company is.
Solvency Score
Solvency Due Diligence
Mercari Inc's solvency score is 54/100. The higher the solvency score, the more solvent the company is.
Score
Mercari Inc's solvency score is 54/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
Price Targets Summary
Mercari Inc
According to Wall Street analysts, the average 1-year price target for Mercari Inc is 3 438.25 JPY with a low forecast of 1 919 JPY and a high forecast of 4 305 JPY.
Shareholder Return
Price
Mercari Inc
Average Annual Return | 14.1% |
Standard Deviation of Annual Returns | 82.28% |
Max Drawdown | -74% |
Market Capitalization | 319.1B JPY |
Shares Outstanding | 163 275 809 |
Percentage of Shares Shorted |
N/A
|
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Mercari, Inc. develops, operates and designs Mercari, a smart phone shopping application. The company is headquartered in Minato-Ku, Tokyo-To and currently employs 1,752 full-time employees. The company went IPO on 2018-06-19. Along with its subsidiary, the Company operates the CtoC application under the name of Mercari specialized in personal trading. The firm's local subsidiaries also operate the CtoC application Mercari in the United States.
Contact
IPO
Employees
Officers
The intrinsic value of one Mercari Inc stock under the Base Case scenario is 2 475.58 JPY.
Compared to the current market price of 1 955.5 JPY, Mercari Inc is Undervalued by 21%.