Added to YB: 2026-02-13
Pitch date: 2025-12-01
441A.T [bullish]
NE Inc.
-0.88%
current return
Author Info
No bio for this author
Company Info
NE Inc. designs and develops a SaaS-based e-commerce support platform. The company provides e-commerce consulting services.
Market Cap
JPY 11.9B
Pitch Price
JPY 681.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
12.27
EV/Sales
2.37
Sector
Software
Category
value
Next Engine - $441A.T
441A.T: Japan's dominant OMS hub (33% share, 6,570 merchants) at 6x EBIT vs peers 8-11x. 40% EBIT margin, 110% ROIC, <1% monthly churn. Micro-cap spin-off w/ no coverage, mispriced as failed SaaS despite being capital-light utility. 8% FCF yield, net cash. Bear: saturation risk, 3PL disintermediation. Bull: ARPU expansion, re-rating to 9-11x = low-teens to 40%+ IRR.
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