CyberAgent Stock price
Compare with Peer Group
📊 Peer Group
📈 What is it?
The peer group consists of the companies with the most similar business model. They serve as a benchmark for putting a stock into context.
🧮 How is it selected?
Based on similarity of business model, meaning companies from the same industry with comparable products and a similar customer base. That's the only way to compare apples to apples.
🏛️ Why does it matter?
Whether a stock is cheap or expensive is best judged by comparison. A P/E of 18 or an EV/FCF of 20 can look cheap or expensive depending on the yardstick. The peer group gives you the most accurate one: companies with a similar business model that operate under the same conditions.
🎯 What does it mean for investors?
When a metric sits below the peer average, the stock is valued more cheaply relative to its competitors, and above the average more expensively. A discount to the peer group can be an opportunity, but it can also have a reason (for example lower growth). The comparison is a starting point, not a verdict.
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Key metrics
📘 Market Capitalization
📈 What is it?
Market capitalization shows how much a company is currently worth on the stock market.
🧮 How is it calculated?
🏛️ Why is it important?
It helps classify companies by size (Large, Mid, Small Cap) and indicates their market presence and relative stability.
🧮 Calculation
🎯 What does this mean for investors?
- Large-cap companies tend to be more stable, often pay dividends, but may grow more slowly.
- Smaller firms may offer higher growth potential but come with more volatility.
- Market capitalization is a useful indicator of company size — but not a measure of whether a stock is undervalued or overvalued.
📘 Enterprise Value (EV)
📈 What is it?
Enterprise Value represents the total cost to acquire a company — including its debt and excluding its cash reserves.
🧮 How is it calculated?
(= Market Cap + Net Debt)
🏛️ Why is it important?
EV gives a more complete picture of a company's value than market cap alone and is used in key valuation ratios like EV/FCF or EV/Sales.
🧮 Calculation
🎯 What does this mean for investors?
- Enterprise Value shows the true cost of buying a company, including all financial obligations.
- It is more accurate than just looking at market cap, especially when comparing companies with different levels of debt or cash.
- Professional investors prefer EV-based multiples because they better reflect the company’s full financial footprint.
📘 Net Debt
📈 What is it?
Net Debt shows how much debt remains after subtracting a company’s available cash reserves.
🧮 How is it calculated?
🏛️ Why is it important?
It indicates how dependent a company is on borrowed money and how easily it can service its debt in the short term.
🧮 Calculation
🎯 What does this mean for investors?
- Low or negative net debt signals financial strength and flexibility.
- Companies with strong cash positions are better positioned in crises.
- High net debt increases financial risk — especially in environments with rising interest rates or economic downturns.
📘 Cash
📈 What is it?
Cash represents all liquid assets a company can access immediately — including cash, bank deposits, and short-term investments.
🧮 How is it calculated?
🏛️ Why is it important?
It reflects a company’s financial flexibility and resilience — enabling investments, buybacks, or buffer in downturns.
🧮 Calculation
🎯 What does this mean for investors?
- A strong cash position means greater room for maneuver and crisis resistance.
- Cash-rich companies can invest, pay down debt, or repurchase shares.
- But excess idle cash might indicate a lack of growth opportunities.
📘 Shares Outstanding
📈 What is it?
Shares outstanding represent the total number of a company’s shares currently held by investors — excluding treasury stock.
🧮 How is it calculated?
🏛️ Why is it important?
It’s the basis for key metrics like Earnings Per Share (EPS), Market Capitalization, or the Price/Earnings ratio (P/E).
🧮 Calculation
🎯 What does this mean for investors?
- Fewer shares in circulation typically increase earnings per share — making each share more valuable.
- Share buybacks reduce the number of shares and boost per-share metrics.
- Issuing new shares does the opposite — diluting shareholder value and lowering per-share figures.
📘 Price-to-Earnings Ratio (P/E)
📈 What is it?
The P/E ratio shows how many times a company's earnings per share are reflected in its current share price — in other words, how "expensive" the stock appears relative to its profits.
🧮 How is it calculated?
🏛️ Why is it important?
The P/E ratio is one of the most widely used valuation metrics. It helps investors assess whether a stock appears cheap or expensive compared to its earnings power.
🧮 Calculation
📊 P/E (TTM) = Based on earnings from the last 12 months (Trailing Twelve Months):🎯 What does this mean for investors?
- A low P/E may indicate undervaluation — or signal underlying issues.
- A high P/E may reflect strong growth expectations — or an overvalued stock.
📘 Price-to-Sales Ratio (P/S)
📈 What is it?
The P/S ratio shows how much investors are paying for $1 of the company’s revenue – regardless of profitability.
🧮 How is it calculated?
🏛️ Why is it important?
P/S is especially useful for evaluating growth companies or businesses not yet profitable. It reflects how the market values the company’s sales.
🧮 Calculation
Market Cap = ¥631.57b | Revenue (TTM) = ¥951.31b
Market Cap = ¥631.57b | Estimated Revenue = ¥963.96b
🎯 What does this mean for investors?
- A low P/S may indicate undervaluation — or low profitability.
- A high P/S can reflect strong growth expectations — or excessive optimism.
- Especially helpful when evaluating companies where profits are low, volatile, or negative.
📘 Enterprise Value to Sales (EV/Sales)
📈 What is it?
EV/Sales shows how much investors are paying for $1 of revenue — considering not just equity, but also debt and cash. It’s the capital structure–adjusted version of the P/S ratio.
🧮 How is it calculated?
🏛️ Why is it important?
It’s ideal for comparing companies with different levels of debt. It reflects a company's true cost relative to its revenue.
🧮 Calculation
Enterprise Value = ¥501.26b | Revenue (TTM) = ¥951.31b
Enterprise Value = ¥501.26b | Forward Revenue = ¥963.96b
🎯 What does this mean for investors?
- EV/Sales allows for capital structure–neutral company comparisons.
- A lower ratio may indicate undervaluation; a higher one may signal strong growth expectations or overvaluation.
- Especially helpful when evaluating high-growth companies with low or negative earnings.
📘 Enterprise Value to Free Cash Flow (EV/FCF)
📈 What is it?
EV/FCF shows how many years it would take for a company to "pay back" its enterprise value using its free cash flow.
🧮 How is it calculated?
🏛️ Why is it important?
It focuses on real cash generation, ignoring accounting noise — ideal for assessing profitability and value based on liquidity, not earnings.
🎯 What does this mean for investors?
- A low EV/FCF may signal undervaluation and strong cash generation.
- A high EV/FCF might reflect weak recent cash flow or aggressive growth expectations.
- Best suited for stable, mature businesses with predictable free cash flows.
📘 Price-to-Book Ratio (P/B)
📈 What is it?
The P/B ratio compares a company’s market value to its book value — showing how much investors are paying for each dollar of net assets.
🧮 How is it calculated?
🏛️ Why is it important?
P/B is commonly used for asset-heavy industries like banks or industrials. It helps assess whether a stock is trading above or below its net asset value.
🧮 Calculation
🎯 What does this mean for investors?
- A P/B below 1 may signal undervaluation — or weak profitability.
- A P/B above 1 implies the market expects future value creation (e.g., brand, IP, growth).
- Best used for companies with tangible assets and strong balance sheets.
📘 Dividend per Share (DPS)
📈 What is it?
Dividend per Share shows how much cash a company pays out to shareholders for each share they own – usually on an annual or quarterly basis.
🧮 How is it calculated?
🏛️ Why is it important?
DPS is the absolute value of the payout per share – crucial for income-focused investors and dividend strategies.
🧮 Calculation
🎯 What does this mean for investors?
- A stable or growing DPS often signals a strong, shareholder-friendly business.
- DPS alone doesn’t tell you how attractive the payout is – the stock price also matters (→ see Dividend Yield).
- Long-term dividend growth is often a hallmark of high-quality companies – like the dividend aristocrats.
📘 Dividend Yield
📈 What is it?
Dividend yield shows how large a company’s dividend is in relation to its current share price.
🧮 How is it calculated?
🏛️ Why is it important?
It allows investors to compare dividend payouts across stocks, regardless of price or payout size.
🧮 Calculation
🎯 What does this mean for investors?
- A stable yield can reflect reliable distributions.
- Comparing 1Y and 5Y yield shows whether dividend growth keeps pace with stock price appreciation.
- A low yield isn’t always negative – it can signal strong past performance or growth focus.
📘 Dividend Growth
📈 What is it?
Dividend growth shows how much a company has increased its dividend per share over time.
🧮 How is it calculated?
5Y: Compound Annual Growth Rate (CAGR)
🏛️ Why is it important?
Consistently rising dividends are often a sign of financial strength and shareholder orientation – especially relevant for long-term investors.
🧮 Calculation
🎯 What does this mean for investors?
- Stable dividend growth is a sign of sustainable earning power.
- High dividend growth can significantly boost your total return:
- If a company pays $1 in dividends and increases it by 15% annually over 5 years, you’ll receive $2 per share in year 5 – twice as much as at the start!
📘 Payout Ratio
📈 What is it?
The payout ratio shows what percentage of a company’s earnings (per share) is distributed to shareholders as dividends.
🧮 How is it calculated?
🏛️ Why is it important?
It helps assess whether the dividend is sustainable – especially in relation to the company’s profitability.
🧮 Calculation
🎯 What does this mean for investors?
- A low payout ratio means the company retains more earnings for reinvestment – typical for growth companies.
- A moderate payout (e.g. 25–50%) indicates a healthy balance between returns and reinvestment.
- High payout ratios may seem attractive but can carry risk if earnings decline.
📘 Consecutive Dividend Increases
📈 What is it?
This metric shows how many consecutive years a company has raised its dividend per share – without any cuts or pauses.
🧮 How is it calculated?
(Special dividends are not considered.)
🏛️ Why is it important?
A long track record of increases reflects financial strength, consistency, and shareholder commitment.
🎯 What does this mean for investors?
- A long dividend increase streak builds confidence – especially in volatile markets.
- Such companies are seen as reliable and income-friendly investments.
- The longer the streak, the stronger the company’s dividend discipline.
📘 Revenue
📈 What is it?
Revenue shows how much a company earns in total from selling its products and services – the gross income before any costs are deducted.
🧮 How is it calculated?
🏛️ Why is it important?
Revenue is one of the key figures to assess a company’s size, market position, and growth potential.
🧮 Calculation
🎯 What does this mean for investors?
- Growing revenue indicates rising demand and can be an early signal of future earnings growth.
- Comparing actual and expected revenue reveals trends in the market environment and analyst sentiment.
- Note: Strong revenue alone isn’t enough – margins and profitability matter just as much.
📘 EBITDA
📈 What is it?
EBITDA stands for “Earnings Before Interest, Taxes, Depreciation, and Amortization.” It reflects a company’s operating profit before the effects of financing, taxes, and accounting depreciation.
🧮 How is it calculated?
🏛️ Why is it important?
EBITDA is widely used to evaluate a company’s operating performance – especially across capital-intensive sectors or international comparisons.
🎯 What does this mean for investors?
- A high or growing EBITDA indicates strong operational profitability – independent of taxes, interest, or accounting methods.
- It’s especially useful for comparing companies across sectors or geographies.
- Important: EBITDA is not a net income figure – it excludes key costs like depreciation and interest.
📘 EBIT
📈 What is it?
EBIT stands for “Earnings Before Interest and Taxes.” It reflects a company’s operating profit after depreciation, but before interest and tax expenses.
🧮 How is it calculated?
🏛️ Why is it important?
EBIT is a core profitability metric that shows how well the company performs in its main business operations – independent of capital structure and tax environment.
🧮 Calculation
🎯 What does this mean for investors?
- A high EBIT indicates strong profitability from the company’s core business – before financial and tax effects.
- It allows better comparison between companies with different debt levels or tax structures.
- Compared to EBITDA, EBIT already accounts for depreciation and reflects capital intensity more clearly.
📘 Net Income
📈 What is it?
Net income is the company’s total profit – the amount left after all expenses, taxes, interest, and depreciation have been deducted.
🧮 How is it calculated?
🏛️ Why is it important?
Net income is the most comprehensive measure of a company’s profitability – showing how much actual profit remains after all business and financing costs.
🧮 Calculation
🎯 What does this mean for investors?
- Growing net income indicates that the company is managing all of its costs efficiently.
- It directly influences valuation metrics like P/E ratio and the company’s dividend capacity.
- Over time, net income trends reveal how resilient and profitable the business model really is.
📘 Free Cash Flow (FCF)
📈 What is it?
Free Cash Flow shows how much actual cash remains after a company covers its operating expenses and capital expenditures.
🧮 How is it calculated?
🏛️ Why is it important?
FCF reflects a company’s real financial strength – regardless of accounting profits. It shows how much flexibility a company has for dividends, share buybacks, or debt reduction.
🎯 What does this mean for investors?
- High free cash flow means the company generates real, usable cash – independent of reported net income.
- It’s often the most reliable base for sustainable dividends and buybacks.
- Declining FCF can be an early warning sign – even when profits appear stable.
📘 Revenue Growth
📈 What is it?
Revenue growth shows how much a company’s sales have changed compared to the previous year – both on a trailing basis (TTM) and based on forward projections.
🧮 How is it calculated?
Forward = (Expected revenue ÷ Revenue in prior year − 1) × 100
Forward growth is based on analyst estimates for the current fiscal year.
🏛️ Why is it important?
Rising revenue signals growing demand, business expansion, and market share gains – especially important for growth-oriented companies.
🧮 Calculation
🎯 What does this mean for investors?
- Growth is the engine of long-term value creation – especially in tech and growth sectors.
- What matters is not just current growth, but its sustainability.
- Forward projections reflect whether analysts expect continued momentum – or a slowdown.
📘 EBITDA Growth
📈 What is it?
EBITDA growth shows how much a company’s operating profit (before interest, taxes, depreciation, and amortization) has increased or decreased compared to the previous year.
🧮 How is it calculated?
Forward = (Expected EBITDA ÷ EBITDA from prior year − 1) × 100
The forward estimate is based on analyst projections for the current fiscal year.
🏛️ Why is it important?
Growing EBITDA indicates improving operational profitability – regardless of financing or accounting effects.
🎯 What does this mean for investors?
- Strong EBITDA growth signals operational efficiency and scalability – especially during growth phases.
- EBITDA growth can be an early indicator of margin and earnings expansion – but should be assessed alongside revenue and EBIT.
📘 EBIT Growth
📈 What is it?
EBIT growth shows how much a company’s operating profit (after depreciation, but before interest and taxes) has increased compared to the previous year.
🧮 How is it calculated?
Forward = (Expected EBIT ÷ EBIT from prior year − 1) × 100
The forward estimate is based on analyst projections for the current fiscal year.
🏛️ Why is it important?
EBIT growth is a direct indicator of a company’s business performance – taking into account capital intensity through depreciation.
🧮 Calculation
🎯 What does this mean for investors?
- Rising EBIT signals improving operating profitability – even after accounting for depreciation.
- It’s especially important for evaluating companies with significant capital expenditures.
- Combined with revenue and EBITDA growth, EBIT growth provides a well-rounded view of operational progress.
📘 Net Income Growth
📈 What is it?
Net income growth shows how much a company’s bottom-line profit has increased or decreased compared to the previous year – both on a trailing basis (TTM) and based on analyst projections.
🧮 How is it calculated?
Forward = (Expected net income ÷ Net income from prior year − 1) × 100
The forward estimate reflects analysts’ expectations for the current fiscal year.
🏛️ Why is it important?
Net income is the ultimate measure of profitability. Growing net income signals stronger efficiency, cost control, and sustainable earnings power.
🧮 Calculation
🎯 What does this mean for investors?
- Stronger net income boosts valuation, dividend potential, and investor confidence.
- If profits stall while revenue grows, it may signal margin pressure.
📘 Free Cash Flow Growth
📈 What is it?
Free cash flow (FCF) growth shows how a company’s available cash – after covering operating expenses and capital expenditures – has changed compared to the previous year.
🧮 How is it calculated?
🏛️ Why is it important?
Free cash flow reflects real financial strength. Growing FCF indicates more flexibility for dividends, share buybacks, and reinvestment.
🎯 What does this mean for investors?
- Declining FCF may point to rising investments, increasing costs, or weaker operating performance.
- Especially for dividend investors, FCF growth is critical – since dividends are paid from actual available cash.
- A negative trend isn't always bad, but it deserves closer attention.
📘 Gross Margin
📈 What is it?
Gross margin shows how much of a company’s revenue remains after deducting the direct costs of goods sold (like materials and production). It represents the company’s “raw profit” before fixed costs, taxes, and interest.
🧮 How is it calculated?
Or simply: Gross Margin = Gross Profit ÷ Revenue × 100
🏛️ Why is it important?
Gross margin indicates how efficiently a company can produce or procure what it sells. It is a key measure of product-level profitability and pricing power.
🧮 Calculation
🎯 What does this mean for investors?
- A high gross margin suggests strong pricing power and efficient production.
- Falling margins may signal rising input costs or competitive pressure.
- Compared to peers, gross margin offers insights into the quality of a business model.
📘 EBITDA Margin
📈 What is it?
The EBITDA margin shows how much of a company’s revenue remains as operating profit before interest, taxes, depreciation, and amortization.It reflects operating efficiency without being distorted by financing or accounting factors.
🧮 How is it calculated?
🏛️ Why is it important?
The EBITDA margin reveals how much operating income a company generates per dollar of revenue – independent of capital structure and tax effects.
🎯 What does this mean for investors?
- A high EBITDA margin reflects strong core profitability – before accounting distortions.
- It allows for effective comparisons across companies and sectors.
- A stable or growing margin signals efficient cost control and business scalability.
📘 EBIT Margin
📈 What is it?
The EBIT margin shows what percentage of revenue remains as operating profit after depreciation but before interest and taxes.
🧮 How is it calculated?
🏛️ Why is it important?
The EBIT margin reflects a company’s core profitability while accounting for capital intensity (e.g. machinery, infrastructure). It’s especially useful for comparing businesses with different levels of depreciation.
🧮 Calculation
🎯 What does this mean for investors?
- A high EBIT margin shows that the company remains efficient even after factoring in depreciation.
- It’s especially relevant for capital-intensive industries.
- Stable or rising EBIT margins over time are a strong indicator of pricing power and business quality.
📘 Net margin
📈 What is it?
Net margin shows how much of a company’s revenue remains as bottom-line profit after deducting all costs, interest, taxes, and depreciation.
🧮 How is it calculated?
🏛️ Why is it important?
Net margin reflects a company’s overall efficiency – across operations, financing, and taxation. It shows how much actual profit is generated from each dollar of revenue.
🧮 Calculation
🎯 What does this mean for investors?
- A high net margin means the company is not only strong operationally but also manages financing and taxes efficiently.
- Peer comparisons reveal business quality and competitiveness.
- Declining margins despite revenue growth can be a red flag for rising costs or inefficiencies.
📘 Free cash flow margin
📈 What is it?
The free cash flow (FCF) margin shows how much of a company’s revenue remains as actual free cash after covering all operating expenses and capital expenditures.
🧮 How is it calculated?
🏛️ Why is it important?
This margin reflects the true liquidity generated by the business – independent of accounting rules or depreciation. It’s especially relevant for dividends, buybacks, and reinvestment decisions.
🎯 What does this mean for investors?
- A high FCF margin means a company consistently generates strong cash flow.
- It’s a positive signal for financial stability and shareholder returns.
- The long-term trend is key – a declining margin may indicate rising investments or weakening operating efficiency.
📘 Equity Ratio
📈 What is it?
The equity ratio indicates what portion of a company’s total assets is financed by shareholders’ equity – in other words, how much it relies on its own capital.
🧮 How is it calculated?
🏛️ Why is it important?
A high equity ratio reflects financial strength and stability, especially during downturns. It’s a key indicator of a company’s solvency and long-term risk profile.
🧮 Calculation
🎯 What does this mean for investors?
- Companies with high equity ratios are generally more resilient and less dependent on external debt.
- Low equity ratios can signal higher risk or aggressive financial strategies.
- Important: Always assess the equity ratio in combination with the return on equity (ROE). This shows not just how stable the company is – but also how efficiently it uses shareholder capital.
📘 Return on Equity (ROE)
📈 What is it?
Return on equity (ROE) shows how efficiently a company uses its shareholders’ equity to generate profit. In other words: how much net income is earned per dollar of equity.
🧮 How is it calculated?
🏛️ Why is it important?
ROE is a core profitability metric. It helps investors understand whether a company delivers attractive returns on the capital provided by its shareholders.
🧮 Calculation
🎯 What does this mean for investors?
- A high ROE indicates that the company is using its capital efficiently and profitably.
- It’s especially meaningful for capital-intensive businesses or firms with high equity bases.
- Important: A very high ROE can also result from high debt levels – always interpret it alongside the equity ratio to assess financial health.
📘 Return on Capital Employed (ROCE)
📈 What is it?
ROCE measures how efficiently a company generates profits from its total capital – including both equity and interest-bearing debt.
🧮 How is it calculated?
It evaluates the return on all capital employed, regardless of how it’s financed.
🏛️ Why is it important?
ROCE is ideal for comparing companies with different financing structures. It shows how well management uses capital to create value for both shareholders and creditors.
🧮 Calculation
🎯 What does this mean for investors?
- A high ROCE means the company uses its capital efficiently – regardless of whether it's funded by debt or equity.
- The higher the ROCE compared to peers, the more value the company creates with its invested capital.
- Especially relevant for capital-intensive sectors like industrials, energy, or infrastructure.
📘 Return on Invested Capital (ROIC)
📈 What is it?
ROIC measures how efficiently a company generates returns from the capital invested in its core operations – regardless of whether the capital comes from equity or debt.
🧮 How is it calculated?
- NOPAT = Net Operating Profit After Taxes
- Invested Capital = Operating assets minus non-interest-bearing liabilities
🏛️ Why is it important?
ROIC is one of the most accurate indicators of capital efficiency. Unlike return on equity, it is not distorted by leverage and shows how much value is created for all capital providers.
🧮 Calculation
🎯 What does this mean for investors?
- A high ROIC shows how effectively a company uses the capital that is truly invested in its core operations.
- Unlike ROCE, ROIC focuses only on the capital that is actively used to run the business – and that requires a return (i.e. interest-bearing).
- Especially useful when comparing companies with large amounts of excess cash or non-interest-bearing liabilities – giving a more realistic picture of capital efficiency.
📘 Leverage Ratio (Debt-to-Equity)
📈 What is it?
The leverage ratio indicates how much a company relies on interest-bearing debt (such as loans and bonds) relative to its shareholders’ equity.
🧮 How is it calculated?
🏛️ Why is it important?
This ratio helps assess a company’s financial structure and risk profile. High leverage can enhance returns – but also increases exposure to interest rate changes and financial stress.
🧮 Calculation
🎯 What does this mean for investors?
- A low leverage ratio signals financial strength and independence.
- A higher ratio can improve returns in good times but increases risk during downturns or rising interest rate periods.
- 👉 Always interpret in the context of industry, capital intensity, and interest rate environment.
📘 Earnings per share (EPS)
📈 What is it?
Earnings per Share (EPS) shows how much profit is attributable to a single share – and is one of the most important metrics for evaluating a company's performance.
🧮 How is it calculated?
The diluted share count reflects potential new shares that could be issued through options, convertible bonds, or other rights.
🏛️ Why is it important?
EPS is the basis for many key valuation metrics like P/E ratio, PEG ratio, or payout ratio. It enables comparisons of profitability across companies, regardless of their size.
🧮 Calculation
🎯 What does this mean for investors?
- EPS captures per-share profitability and is especially useful for comparisons over time or with analyst estimates.
- Rising EPS may signal consistent growth or share buybacks.
- Important: Always use diluted EPS for more realistic valuations – especially in companies with stock-based compensation.
📘 Free cash flow per share (FCF per share)
📈 What is it?
Free Cash Flow per Share shows how much free cash flow a company generates per outstanding share – after investments, but before dividends or debt repayments.
🧮 How is it calculated?
Free cash flow is calculated as operating cash flow minus capital expenditures (CapEx).
🏛️ Why is it important?
FCF per Share reveals how much real cash is available per share – useful for dividends, buybacks, or reducing debt. Unlike net income, free cash flow is harder to manipulate and often seen as a more reliable metric.
🧮 Calculation
🎯 What does this mean for investors?
- High FCF per share signals strong financial flexibility.
- It shows how much capital the company can effectively reinvest or return to shareholders.
- Particularly relevant for dividend payers and capital-efficient businesses.
📘 Short interest
📈 What is it?
Short interest indicates how many shares of a company are currently sold short – that is, borrowed and sold by investors who expect the price to decline.
🧮 How is it calculated?
It reflects the percentage of a company’s shares that are being shorted relative to the total shares available.
🏛️ Why is it important?
Short interest serves as a sentiment indicator: A high value may signal skepticism or bearish expectations – but also increases the potential for a short squeeze if prices rise unexpectedly.
🎯 What does this mean for investors?
- Low short interest usually indicates market confidence in the company.
- High short interest can be a warning sign – or an opportunity if sentiment shifts.
- Especially relevant in volatile markets or ahead of key earnings releases.
📘 Employees
📈 What is it?
The employee count shows how many people a company employs worldwide – offering insights into its size, structure, and business model.
🧮 How is it calculated?
🏛️ Why is it important?
It helps assess operational scale, labor intensity, and cost structure. Combined with revenue and profit, it enables key metrics like revenue per employee or productivity.
🧮 Calculation
🎯 What does this mean for investors?
- A high headcount can signal operational complexity – but also significant growth capacity.
- Revenue per employee is a key indicator of efficiency.
- Especially useful for comparing tech, industrial, or service-heavy companies.
📘 Turnover per employee
📈 What is it?
Revenue per employee indicates how much revenue a company generates on average per employee – a key measure of efficiency and productivity.
🧮 How is it calculated?
The employee count is typically taken from the most recent annual report.
🏛️ Why is it important?
This metric helps compare business models – especially between labor-intensive and technology-driven companies. A high value suggests automation, operational efficiency, or strong value creation per head.
🧮 Calculation
🎯 What does this mean for investors?
- A high revenue per employee indicates a scalable and margin-strong business model.
- A low figure may reflect labor-intensive operations or lower value-add.
- Especially helpful when comparing tech companies to industrial or service sectors.
CyberAgent Stock Analysis
Analyst Opinions
21 Analysts have issued a CyberAgent forecast:
Analyst Opinions
21 Analysts have issued a CyberAgent forecast:
CyberAgent Events
Past Events
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AUG
7
Q3 2026 Earnings Call
about 2 months ago
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MAY
13
Q2 2026 Earnings Call
5 months ago
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FEB
6
Q1 2026 Earnings Call
8 months ago
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NOV
14
Q4 2025 Earnings Call
11 months ago
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StocksGuide Free
CyberAgent — Q3 2026 Earnings Call
1. Management Discussion
We would like to begin CyberAgent's FY 2026 Third Quarter Earnings Briefing. This earnings briefing is being streamed. With respect to the content we will share with you today, please refer to the disclaimer contained in the earnings briefing material.
The President and CEO, Yamauchi, will take us through the results.
This is the President, Yamauchi. I would like to take you through the FY 2026 3rd quarter results. This quarter, we performed better than we anticipated. Thus, we are announcing an upward revision to our fiscal year forecast today. We have achieved multilayer growth in the Media and IP business, mainly driven by ABEMA, which celebrated its 10th anniversary in April this year. The Advertising business has continued to book high revenue growth rate following the second quarter.
Regarding the Game business, casual games have become a global hit and thus the sales has increased year-on-year. In terms of sales, we booked record high consolidated sales for the third quarter. This is the operating profit. The total OP over the last 3 quarters have increased year-on-year. No major changes to the SG&A expenses. We added 402 brand news in April, bringing our total number of employees to 8,878 on. This is our PL and this is our balance sheet.
Next, we would like to take you through the forecast. We have forecasted that our OP, operating profit will decline year-on-year. But as of the end of the third quarter, we have, for the first time seen a growth in profit. This is the achievement rate against the new forecast. We plan to increase the dividend payout forecast as a result of the upward revision to our forecast.
Next, moving on to the Media and IP business. Sales grew steadily. ABEMA celebrated its 10th anniversary this April, and we proactively invested in content, including anniversary special programs. We are not able to steadily generate profits in the Media and IP segment. Here are some examples of our 10th anniversary programming. We plan to sustain customer interest by planning various content in the fourth quarter as well.
We are currently putting a lot of effort into producing our own original programs and our efforts have borne fruit. We have won numerous awards in Japan as well as in other markets.
From June to July, we saw contribution from our new original programs such as Kyo-Suki and Shuffle Island. Hence, our WAU surpassed 31.37 million. At the moment, we have 3 animation studios in our fall, CyPic, CA Soa and Kurm. In addition to Kagurabachi, which we introduced in the second quarter and the hit movie, Chiikawa The Movie, The Secret of the Mermaid Island produced by Cypic, we are seeing an increase in the pipeline.
Moreover, we took part in one of the largest anime events in the world organized in the U.S. in July. We felt firsthand the high expectations that global market has in our content such as Kagurabachi. We hope to continue to gain knowledge and know-how through our global marketing efforts in North America, Europe, Asia and other regions. We will continue to create original global hit content and build an end-to-end structure spanning content production through monetization.
Next, Internet Advertising business. For the Advertising business, we saw a high growth rate in the third quarter, growing by 8.9% Y-o-Y. We saw record high third quarter sales. The operating profit grew double digits Y-o-Y. We also began selling ChatGPT ads in June, but our Kiwami Forecast TD that we developed has also become compatible, further strengthening our sales activities.
Moreover, we developed ad operation AI and other AI agents dedicated to advertising distribution and operation to further improve our performance. As AI search becomes more widespread, we have endeavored to achieve higher performance in advertising. Thus, we newly established the AI search marketing division in June. We will continue to adapt with agility so that we can deliver new value to our customers.
Now moving on to the Game business. Key titles continue to perform strong and casual games have become a global hit. Thus, we saw 20% Y-o-Y growth this quarter. With respect to the OP, although there is volatility quarter-on-quarter, we significantly increased profits from the first to third quarter, booking JPY 50.9 billion.
On July 23, we began providing the title hololive Dreams, we jointly developed with COVER. It surpassed 1 million downloads on the first day and have come in at #1 in the sales rankings in all of the stores released, including Apple, Google Play and Steam.
Released simultaneously worldwide on July 9, Granblue Fantasy: Relink-Endless Ragnarok has been highly acclaimed both in Japan and overseas with both the new title and its predecessor ranking among the top-selling titles on Steam. Going forward, we will continue to maximize the longevity of our existing titles while pursuing global hit titles.
Lastly, our medium- to long-term strategy. Our key strength include ABEMA powerful user acquisition engine, one of Japan's leading Internet advertising businesses and the country's #1 smartphone game business. By leveraging the strength in combination, we will create globally competitive IP and maximize synergies across the group. This concludes my explanation. Thank you very much for listening.
This concludes CyberAgent's FY 2026 Third Quarter Earnings Briefing. Should you have any questions, please reach out to the IR team. Thank you for watching today.
[Statements in English on this transcript were spoken by an interpreter present on the live call.]
CyberAgent — Q3 2026 Earnings Call
CyberAgent — Q2 2026 Earnings Call
1. Management Discussion
We would like to begin CyberAgent's FY 2026 Second Quarter Earnings Briefing. This session is being video streamed. With respect to the content we will be sharing with you today, please refer to the disclaimer included in the presentation material. Our President, Yamauchi will take us through the results.
This is President, Yamauchi. I would like to take you through the FY 2026 second quarter results. Overall, we had a very good result, very good quarter. We saw record high sales. And for the second quarter, we saw record high second quarter OP as well. With respect to the Media and IP business, it is doing well with Abema starting to contribute to profit. With respect to the ad business, a large client has left, but we managed to fill the gap ahead of schedule. And we have seen sales and profits increase once again, record high -- we saw record high sales and double -- we saw -- also saw double-digit growth Y-o-Y. With respect to the game business, we did very -- we did well with anniversary events and global expansion. We also saw significant increases in revenue and profit -- sales and profits.
We continue to see upward trajectory in terms of sales and record high sales during this quarter. We also saw record high OP in the past due to the unparalleled hit game, Umamusume, but we booked a record high Q2 OP this period. And this is the SG&A expenses, and we welcomed 402 new employees and the number of employees has trended on schedule. And this is the P&L. And this is the balance sheet. With respect to the forecast, as you can see, we are trending well. Overall, we have achieved the lower end of the forecast range during our first half. And we are certain we'll be able to overdeliver on our forecast. But things may be a little slower during the second half. And as it is difficult to accurately revise our forecast, we have decided to keep the current forecast.
With respect to the Media and IP business, we have continued to strengthen our foundations while increasing sales. It is doing well. With respect to the OP, Abema has started to contribute to profits as our OP has multiplied by 1.7x Y-o-Y. As part of our programming strategy, we are putting even greater efforts into our original program, and we have come to be known for creating strong original series. We aired 30-hour program to celebrate our 10th anniversary and it received over 200 million views.
As announced the other day, we will be producing the anime of Kagurabachi, a popular Weekly Shonen Jump comic, which will go on air April 2027. We will continue to establish a structure that will enable us to operate in an end-to-end business, including the creation, distribution and merchandising of original IPs and movies that will become a global hit. Next, moving on to the advertising business. We have finally reached the light at the end of the tunnel ahead of schedule after our large-scale clients departure, and we will continue to increase revenue and profits from here on. The operating profit has significantly improved as well. We will utilize our advertising effectiveness to expand our market share. And we will take advantage of our investment in AI-related advertising technologies to expand our reach.
Next, moving on to the Game business. In the second quarter, we do have many anniversaries. So the game business trended very well and we have increased profits as well. The global sales have increased by 3.5x year-on-year. We have put in place the right organization to offer existing titles over the long term, and we are developing new titles over the midterm. Advanced signup for hololive Dreams is tracking well. Granblue Fantasy: Relink - Endless Ragnarok will launch on July 9. We have high hopes for this title as the previous series sold more than 2 million units worldwide.
In terms of the mid- to long-term strategy, as each of our businesses continue to establish a stable foundation, we aim to build a Multilayer business structure centered around IT and further strengthen collaboration across our businesses. This concludes my explanation. Thank you very much.
We would like to conclude CyberAgent's FY 2026 second quarter earnings briefing. If you have any questions, please reach out to the IR team. Thank you very much for watching today.
[Statements in English on this transcript were spoken by an interpreter present on the live call.]
CyberAgent — Q2 2026 Earnings Call
CyberAgent — Q1 2026 Earnings Call
1. Management Discussion
We would like to begin CyberAgent's FY 2026 First Quarter Earnings Briefing Session. This session is being streamed. With respect to the content we will be sharing today, please refer to the disclaimer included within the presentation material.
President, Yamauchi, will take you through our results.
My name is Yamauchi. I have become the new President in December. From this session onwards, I will be sharing our results with you.
Overall, we've done well in Q1 and FY 2026 is off to a solid start. Sales has increased by 14% and the OP has increased 2.8 fold year-on-year.
Although we have made proper investments in Media & IP, we have increased profits and this business has started to contribute to our results. We have seen significant increases in the Game business profit, thanks to the performance of existing titles as well as global business.
With respect to Advertising, in the third quarter of FY 2025, we saw 1 large client leave, and this will have impact on each quarter for 1 year. However, the situation has begun to improve in the recent months. We believe we will be able to get back on to our gross trajectory next quarter and see strong growth from the third quarter of this fiscal year.
Our first quarter tends to be weaker, but we have seen powerful growth this year. For the first quarter, we have seen record high results.
We also booked record high OP for Q1 this fiscal year.
With such a great Q1, our fiscal year looks bright.
SG&A expenses follow the typical year-on-year trend.
Here are the transcending numbers employees. We will welcome 377 new graduates in April.
Here is the P&L.
And this is our balance sheet.
We would like to move on to the FY 2026 forecast. As Fujita explained during the previous earnings briefing, the results for the Game business is difficult to forecast. So we have provided our forecast as a range.
As we've had a great start in the first quarter, the OP achievement is ahead of plans. We hope to continue to deliver solid results for the rest of the fiscal year.
Now moving on to each segment. Sales has continued to show strong growth over the long term. OP was JPY 4.9 billion for the quarter, so we have started to see decent profits. We didn't generate profits by reining in costs. We made necessary investments in content while increasing profits, so we have realized quality growth.
Until now, AbemaTV on its own was not profitable. But this quarter, it has become profitable. The fact that we were able to reach the breakeven point without balanced contraction without overdoing things, it's a good sign, and we have even higher expectations for this business. We now have 1,000 advertisers on Abema. If you look at this graph, you can see that the FY 2022 workup coverage was a turning point.
Centered around Abema, we will continue to create content and establish other monetization streams, including gamification.
Our Anime Studio, CygamesPictures will be transferring into the Media & IP segment. By consolidating our group's trend, we hope to create even better content.
Next is the Internet Ad business. As I mentioned earlier today, we have seen impact from the departure of 1 large client, and it may seem as we mentioned this in each session, but we will continue to see an impact for 1 year. This will end next quarter, and we believe things have started to look up.
Overall, we will see positive change in the next quarter, so we will get back on our growth trajectory 2 quarters from now.
With regards to the OP, we have seen positive trends over the last couple of months. We hope to further improve our profitability going forward.
In terms of new businesses, we are attempting to fully automate the creation of video ads. We are servicing every aspect of advertising using AI. We began our foray into AI quite early. Drawing on this trend, we aim to become an agency that can maximize the effectiveness of our ads.
Next, moving on to the Game business. With respect to sales, the titles we released in the previous fiscal year continued to do well. First quarter tends to be a tough quarter without many anniversaries, but we saw a dramatic increase in sales year-on-year. With the increase in sales, we saw -- we also saw a significant increase in OP.
The title you see here have in particular, enabled us to perform well in global markets. This fiscal year, there will be many noteworthy topics including anime and movies. We also have new titles planned for release, so we have high expectations for this business this year.
This is 1 of the highly expected titles. It will be released across the world simultaneously. And today, we release information about this title. GRANBLUE FANTASY: Relink sold more than 2 million copies and we will be releasing a new title of this series, GRANBLUE FANTASY: Relink - Endless Ragnarok on July 9, simultaneously around the world.
Lastly, our mid- to long-term strategy. As it has been in the past, we aim to become a highly possible company over the mid- to long term with the continuous growth of the Media & IP business with this now profitable Abema, a stable advertising business and a game business with many hit titles.
This concludes my presentation. Thank you for your kind attention.
This concludes CyberAgent's FY 2026 First Quarter Earnings Briefing Session. Should you have any questions, please contact the IR team. Thank you very much for joining us today.
[Statements in English on this transcript were spoken by an interpreter present on the live call.]
CyberAgent — Q1 2026 Earnings Call
CyberAgent — Q4 2025 Earnings Call
1. Management Discussion
We would like to begin CyberAgent's FY 2025 Full Year Earnings Briefing. This earnings briefing is being streamed. With respect to the content we will be sharing with you today, please refer to the disclaimer contained within the presentation material.
President, Fujita will take us through the earnings results.
I'm the President, Fujita. I would like to take you through the full year earnings briefing for FY 2025. First of all, this is the overall results. So overall, this fiscal year, we did well. We did make an upward revision, but we even surpassed those upward revision, OP increased considerably and sales grew for the 28th consecutive year. Individually, media and IP business, since ABEMA was launched, we have been investing quite significantly in ABEMA.
But for the first time in 10 years, OP achieved profitability and IP business has been a focal area, but we continue -- we have continued to make investments in this area as well, and we are making progress. And with respect to the advertising business, we did see a large client leave.
However, overall, we have continued to expand this business. OP, we had a little bit of a difficulty, but we are implementing measures. And with respect to the game business, we released 7 new games this fiscal year and multiple games became a new hit.
OP grew dramatically as well due to other payment options. And this is a graph of our 28th consecutive year sales growth. So for the 25 fiscal years, ever since we went public for 28 consecutive years, we have continued to grow steadily.
And we have been -- we have booked the second highest OP this fiscal year, especially Umamusume was a huge hit, but we even recovered from the huge hit that Umamusume was in the past.
And with respect to the SG&A expenses, our performance outpaced our plans. So we did pay out a special bonus at the end of the fiscal year. These are the number of employees. We have continued to increase the number of employees as we have done in the past.
This is the P&L. We have continued to invest for ABEMA for a long time, but the profitability has improved. So net income, we are seeing a great performance in terms of net income. There's nothing noteworthy about the balance sheet.
Now I would like to take you through the FY 2026 forecast. We will be presenting an OP forecast as a range. So 2026 first quarter, November is the first quarter. The game business is doing well at the moment, but it's quite difficult to forecast a year from now.
So at the moment, we are going to present an OP range. Moving on to the individual businesses. First, starting with Media and IP business. This has continued to expand powerfully. So we have done JPY 231.5 billion.
So it's gotten to quite a sizable business. I already mentioned this during the highlights, but media and IP sector has achieved profitability after 10 years since ABEMA's launch, and we have invested quite significantly in this area, but we have booked profitability -- we have achieved profitability, and these are the results by quarter.
And if you look at the OP by quarter, this is how it looks. This is the trends in WAU. In recent months, we have focused on original programs. So our own IP has high value. Many people watch them. So we believe that the quality of our original program has continued to improve. Vardi programs this fiscal year did very well. And WAU has doubled year-over-year. So it's a huge improvement.
So time for chance and there are a couple of IPs that we have nurtured since ABEMA was launched, and they've become big hits. And also, we have new programs as well that are doing well. And we are working on dramas as well.
And we believe that the quality of each drama has become even higher, and we will be releasing a new series, Scandal Eve, and we have high expectations for this. This will be released on the 19th of next week.
And we have strengthened our Disney+, Wowow, DAZN, Green Channel and Downtown Plus as well. We've actually worked on fortifying our external partnerships to gain more membership.
And overall, Anime Studio Kurm was established in November. We have high expectations for that, and we have a very wide range lineup, a great lineup of IP studios. We wanted to establish a framework where we can come up with our own original work and monetize, but we want to, of course, use ABEMA as a central axis and continue to expand this business.
Moving on to the Internet advertising business. Internet advertising business, we did lose a large client halfway through the year. But overall, we continue to expand powerfully. So we're still expanding. On the other hand, OP is not growing as strongly.
In this industry as well, AI is dramatically changing the market, the environment. So we are actively investing in AI and new business as well. And we lost a high profit business. So we want to implement various measures.
We have been implementing various measures to improve our profitability. So we hope that those initiatives will bear fruit going forward, and these are the trends by quarter. And this is the quarterly OP. Internet ad business as well.
AI, we're seeing significant changes due to AI. So we hope to transform this into a growth opportunity as well. So we are implementing various initiatives to take advantage of this opportunity, especially from search to gen AI, users behavior is changing.
So that is a key area that we are focusing on. So we're making sure that we're addressing this change as well. So we are establishing new marketing methods, advertising methods. Moving on to the game business.
With respect to the game business, we have overcome the impact from Umamusume and new hit games as well, we released many of them towards the end of the year, latter half of the year, but they have become great hits.
So we're seeing this very clean growth trajectory. And OP has year-on-year doubled. So we have seen significant increases in OP. So this is the results by quarter and OP trends by quarter is on this page.
In 2025, we released 7 new games Gundam, Shadowverse, Umamusume, English version had done very well, became huge hits. So we are actually increasingly producing more hits. So our hit rate is increasing. And overseas sales has gotten to TWD 20 billion in 1 quarter.
So times 4 would be JPY 80 billion, so it's become quite a large size. Over the mid- to long term, Internet ad business is stably growing and the media and IP business has become profitable.
So we hope to create a solid foundation and continue to generate new hits with games and build a highly profitable business model. So we would like to continue with the strategy.
And lastly, we have announced today that the President, a new President will be appointed at the General Shareholders' Meeting next month, the President, we would like to pass the baton to Yamauchi as the next President.
The reason being we have the Ah! Media interview as well as the blog, and you'll be able to understand why we are making this change if you can watch and read this content. So please take a look when they become available. This concludes my explanation. Thank you very much. This concludes FY 2025 full year earnings briefing for CyberAgent. Should you have any questions, please reach out to the IR team. Thank you for watching today.
[Statements in English on this transcript were
spoken by an interpreter present on the live call.]
Financial data from CyberAgent
Revenue
Revenue is the sum of all sales generated by a company, e.g. for its products or services.
Revenue (TTM) metric explainedDirect Costs
Direct costs are the costs incurred directly in connection with the manufacture of the product or service.
Gross Profit
Gross Profit indicates how much of the revenue remains in the company after deducting direct production costs. If the percentage share of sales is calculated, this is referred to as the gross margin.
Gross Profit metric explainedSelling and Administrative Expenses
Selling, general and administrative expenses (SG&A) include all expenses for marketing and sales as well as the general administration of the company.
Research and Development Expense
Research and development costs (R&D) provide information on how much the company invests in the research and development of its products. The costs are particularly interesting as a percentage of revenue and in comparison to direct competitors.
EBITDA
EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) is the company's earnings before interest, taxes, depreciation and amortization. The EBITDA margin is calculated as a percentage of sales.
Depreciation and Amortization
Depreciation represents reductions in the value of the company's assets (e.g. due to wear and tear on machinery).
EBIT (Operating Income)
EBIT (Earnings Before Interest and Taxes) is the company's profit before interest and taxes, also known as the operating income. The EBIT Margin is calculated as a percentage of sales at
.
Net Profit
Net Profit represents the profit or loss after deduction of all costs.
Net Profit metric explainedStocksGuide Premium
| Jun '26 |
+/-
%
|
||
| Revenue | 951,309 951,309 |
14%
14%
100%
|
|
| - Direct Costs | 650,477 650,477 |
9%
9%
68%
|
|
| Gross Profit | 300,832 300,832 |
26%
26%
32%
|
|
| - Selling and Administrative Expenses | 210,478 210,478 |
14%
14%
22%
|
|
| - Research and Development Expense | - - |
-
-
|
|
| EBITDA | - - |
-
-
|
|
| - Depreciation and Amortization | - - |
-
-
|
|
| EBIT (Operating Income) EBIT | 90,353 90,353 |
65%
65%
9%
|
|
| Net Profit | 43,599 43,599 |
78%
78%
5%
|
|
In millions JPY.
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CyberAgent Stock News
Company Profile
CyberAgent, Inc. engages in the provision of Internet media services. It operates through the following segments: Media, Game, Internet Advertising, Investment Development, and Others. The Media segment offers Internet television and online dating services. The Game segment provides games for smartphones. The Internet Advertising segment deals with advertising technology, advertising agency, and mobile advertisements. The Investment Development segment manages funds and corporate venture capital business. The Others segment operates fan sites and provides smartphone services. The company was founded by Susumu Fujita and Yusuke Hidaka on March 18, 1998 and is headquartered in Tokyo, Japan.
StocksGuide Premium
| Head office | Japan |
| CEO | Mr. Fujita |
| Employees | 8,150 |
| Founded | 1998 |
| Website | www.cyberagent.co.jp |
