Change Inc.
Tokyo Stock ExchangeTotal Valuation
Change Inc. carries a market capitalization of 63.94B, placing it among publicly traded companies globally. Its enterprise value stands at 106.67B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.
| Market Cap | 63.94B |
| Enterprise Value | 106.67B |
Share Statistics
Change Inc. currently has 69.58M shares outstanding.
| Shares Outstanding | 69.58M |
| Owned by Insiders (%) | N/A |
| Owned by Institutions (%) | N/A |
Valuation Ratios
Change Inc. trades at a trailing price-to-earnings ratio of 84.03. The price-to-sales ratio is 4.49, and the price-to-book ratio stands at 5.09.
| PE Ratio | 84.03 |
| PS Ratio | 4.49 |
| PB Ratio | 5.09 |
| P/TBV Ratio | 5.32 |
| P/FCF Ratio | 10.08 |
| P/OCF Ratio | 11.40 |
Enterprise Valuation
On an enterprise value basis, Change Inc. trades at an EV/EBITDA multiple of 19.62 and an EV/FCF ratio of 10.47. The EV/Sales ratio of 4.77 reflects the premium investors are willing to pay for the company's revenue stream, while the EV/EBIT multiple of 19.62 provides insight into valuation relative to core operating earnings.
| EV / Sales | 4.77 |
| EV / EBITDA | 19.62 |
| EV / EBIT | 19.62 |
| EV / FCF | 10.47 |
Financial Position
Change Inc. maintains a current ratio of 2.56, meaning it holds 2.6x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 54.66, indicating elevated leverage, while an interest coverage ratio of 33.56 demonstrates strong ability to service its debt obligations.
| Current Ratio | 2.56 |
| Quick Ratio | 1.52 |
| Debt / Equity | 54.66 |
| Debt / EBITDA | 4.42 |
| Interest Coverage | 33.56 |
Financial Efficiency
Change Inc. posts a return on equity of 6.36 and a return on invested capital of 4.62.
| Return on Equity (ROE) | 6.36 |
| Return on Assets (ROA) | 1.67 |
| Return on Invested Capital (ROIC) | 4.62 |
| Return on Capital Employed (ROCE) | 2.52 |
| Revenue Per Employee | N/A |
| Employee Count | N/A |
| Inventory Turnover | 20.35 |
Taxes
Over the trailing twelve months, Change Inc. has paid 1.54B in income taxes, reflecting an effective tax rate of 50.48.
| Income Tax | 1.54B |
| Effective Tax Rate | 50.48 |
Stock Price Statistics
Change Inc.'s stock has declined approximately -17.43037% over the past 52 weeks. The 50-day moving average sits at 924.48, while the 200-day moving average is 1,006.27.
| Beta (5Y) | N/A |
| 52-Week Price Change | -17.43037% |
| 50-Day Moving Average | 924.48 |
| 200-Day Moving Average | 1,006.27 |
| Average Volume (20 Days) | N/A |
Income Statement
Over the trailing twelve months, Change Inc. generated 22.36B in revenue and converted that into 1.19B in net income, yielding earnings per share of 20.69. EBITDA reached 5.44B, while operating income came in at 5.44B.
| Revenue | 22.36B |
| Gross Profit | 13.09B |
| Operating Income | 5.44B |
| Pretax Income | 3.05B |
| Net Income | 1.19B |
| EBITDA | 5.44B |
| EBIT | 5.44B |
| Earnings Per Share (EPS) | 20.69 |
Balance Sheet
Change Inc. holds 25.90B in cash and equivalents against 24.05B in total debt, resulting in a net debt position of -4.75B. Total book value stands at 19.73B, with working capital of 26.70B providing operational flexibility.
| Cash & Cash Equivalents | 25.90B |
| Total Debt | 24.05B |
| Net Debt | -4.75B |
| Equity (Book Value) | 19.73B |
| Book Value Per Share | 274.33 |
| Working Capital | 26.70B |
Cash Flow
Change Inc. produced 8.80B in operating cash flow over the past twelve months. After subtracting -1.31B in capital expenditures, free cash flow totaled 7.49B - equivalent to 104.16 per share.
| Operating Cash Flow | 8.80B |
| Capital Expenditures | -1.31B |
| Free Cash Flow | 7.49B |
| FCF Per Share | 104.16 |
Margins
Change Inc. operates with a gross margin of 58.55, reflecting its pricing power and cost economics. The operating margin of 24.32 and net profit margin of 5.34 provide insight into operational efficiency.
| Gross Margin | 58.55 |
| Operating Margin | 24.32 |
| Pretax Margin | 13.65 |
| Profit Margin | 5.34 |
| EBITDA Margin | 24.32 |
Dividends & Yields
The company's payout ratio of 0.05 indicates the proportion of earnings distributed to shareholders.
| Dividend Per Share | 0.01 |
| Dividend Yield | N/A |
| Payout Ratio | 0.05 |
| Shareholder Yield | -18.86 |
| FCF Yield | 9.92 |
Stock Splits
Change Inc.'s most recent stock split took place on December 29, 2020 with a 1:2 split ratio.
| Last Split Date | 12/29/2020 |
| Split Ratio | 1:2 |
Scores
Change Inc. posts an Altman Z-Score of 3.19, well above the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.
| Altman Z-Score | 3.19 |