Vario Secure Inc
TSE:4494

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Vario Secure Inc
TSE:4494
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Price: 757 JPY -1.3% Market Closed
Market Cap: ¥3.4B

EV/EBIT

5.7
Current
14%
Cheaper
vs 3-y average of 6.7

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
5.7
=
Enterprise Value
¥3.3B
/
EBIT
¥561.5m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
5.7
=
Enterprise Value
¥3.3B
/
EBIT
¥561.5m

Valuation Scenarios

Vario Secure Inc is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (6.7), the stock would be worth ¥879.78 (16% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+138%
Average Upside
72%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 5.7 ¥757
0%
3-Year Average 6.7 ¥879.78
+16%
5-Year Average 6.7 ¥879.78
+16%
Industry Average 12.6 ¥1 656.99
+119%
Country Average 13.6 ¥1 798.35
+138%

Forward EV/EBIT
Today’s price vs future ebit

Not enough data available to calculate forward EV/EBIT

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
JP
Vario Secure Inc
TSE:4494
3.4B JPY 5.7 9.1
CA
Shopify Inc
NASDAQ:SHOP
172.1B USD 107.1 133.3
US
Cloudflare Inc
NYSE:NET
73B USD -348.1 -705.4
US
Snowflake Inc.
NYSE:SNOW
50.3B USD -37 -37.8
US
Snowflake Inc
XETRA:5Q5
42.8B EUR -35.8 -37
ID
DCI Indonesia Tbk PT
IDX:DCII
474.5T IDR 376.8 473.9
US
Verisign Inc
NASDAQ:VRSN
24.8B USD 23.5 30.8
US
Twilio Inc
NYSE:TWLO
22.9B USD 114.9 637.1
US
MongoDB Inc
NASDAQ:MDB
21.7B USD -134.4 -292
US
Akamai Technologies Inc
NASDAQ:AKAM
14.1B USD 27.5 31
US
Okta Inc
NASDAQ:OKTA
14B USD 71.5 57.4
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
JP
Vario Secure Inc
TSE:4494
Average EV/EBIT: 103.9
5.7
N/A N/A
CA
Shopify Inc
NASDAQ:SHOP
107.1
51%
2.1
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -348.1 N/A N/A
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -37 N/A N/A
US
Snowflake Inc
XETRA:5Q5
Negative Multiple: -35.8 N/A N/A
ID
DCI Indonesia Tbk PT
IDX:DCII
376.8
N/A N/A
US
Verisign Inc
NASDAQ:VRSN
23.5
7%
3.4
US
Twilio Inc
NYSE:TWLO
114.9
100%
1.1
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -134.4 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
27.5
32%
0.9
US
Okta Inc
NASDAQ:OKTA
71.5
88%
0.8
P/E Multiple
Earnings Growth PEG
JP
Vario Secure Inc
TSE:4494
Average P/E: 196.1
9.1
N/A N/A
CA
Shopify Inc
NASDAQ:SHOP
133.3
53%
2.5
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -705.4 N/A N/A
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -37.8 N/A N/A
US
Snowflake Inc
XETRA:5Q5
Negative Multiple: -37 N/A N/A
ID
DCI Indonesia Tbk PT
IDX:DCII
473.9
N/A N/A
US
Verisign Inc
NASDAQ:VRSN
30.8
9%
3.4
US
Twilio Inc
NYSE:TWLO
637.1
222%
2.9
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -292 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
31
42%
0.7
US
Okta Inc
NASDAQ:OKTA
57.4
54%
1.1

Market Distribution

Lower than 91% of companies in Japan
Percentile
9th
Based on 4 801 companies
9th percentile
5.7
Low
0.1 — 9.8
Typical Range
9.8 — 18.1
High
18.1 —
Distribution Statistics
Japan
Min 0.1
30th Percentile 9.8
Median 13.6
70th Percentile 18.1
Max 414 821 439

Vario Secure Inc
Glance View

Market Cap
3.4B JPY
Industry
Technology

Vario Secure, Inc. engages in the provision of managed security services that includes related products, service planning and development. The company is headquartered in Chiyoda-Ku, Tokyo-To and currently employs 73 full-time employees. The company went IPO on 2020-11-30. The company provides one-stop service from procurement of equipment, development of core software, installation and setting of equipment, and monitoring and operation. The company provides various security services based on monitoring and operation services at a monthly fee. The company provides two kinds of services. Managed security services include an integrated Internet security service using Vario Secure Router (VSR) and a data backup service (VDaP). Integrated Internet security services using VSR provide network security by protecting corporate networks from various threats. VDaP isolates digital data from Internet threats and ensures business continuity. Integration services include sales of the Vario Communication Router (VCR), an integrated security device (UTM) for small and medium-sized businesses, and network integration services (IS) for procurement and construction of network equipment.

Intrinsic Value
1 252.2 JPY
Undervaluation 40%
Intrinsic Value
Price ¥757
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