Added to YB: 2025-01-14
Pitch date: 2025-01-11
4477.T [bullish]
BASE,Inc.
+65.18%
current return
Author Info
Asian Century Stocks is a former buy-side investor in Asia that now focuses on researching value stocks in Asia and sharing them in his newsletter. Sign up for the newsletter.
Company Info
BASE,Inc. engages in the planning, development, and operation of web services in Japan. It offers BASE, an online shop opening service that that allows anyone to create an online shop; PAY ID, a shopping service that provides payment experiences for purchasers shopping online, discover new products, and repeat purchases; and PAY.
Market Cap
N/A
Pitch Price
JPY 313.00
Price Target
N/A
Dividend
N/A
Sector
IT Services
Category
value
BASE,Inc. - $4477.T
4477.T: BASE, 'Shopify of Japan', trades at 0.8x EV/Sales vs Shopify's 13.3x. New pricing structure (2.9% fee + monthly) boosted competitiveness. GP +50% YoY since 2023. PAY.JP growing well. 2029e P/E 10x (ex-cash 62% of mkt cap). Acquired Want.jp for overseas expansion. Risk: Feature gap vs Shopify.
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