Added to YB: 2024-06-26
Pitch date: 2024-06-25
5253.T [bullish]
COVER Corporation
-23.16%
current return
Author Info
Company Info
COVER Corporation engages in the virtual platform, VTuber production, and media mix businesses. The company provides VTuber Production, an agency that produces VTubers; Media Mix offers intellectual property for VTubers through planning and development of merchandise, licenses/tie-ins, comics, animation, and other activities; and Metaverse develops Holoearth, focusing on sandbox games that allow users to act freely in a virtual space.
Market Cap
JPY 174.8B
Pitch Price
JPY 2.0K
Price Target
N/A
Dividend
N/A
EV/EBITDA
19.67
P/E
33.71
EV/Sales
4.12
Sector
Entertainment
Category
growth
Cover Corp (TYO 5253) - High Growth Opportunity in the Expanding VTuber Sector
Cover (5253.T): Leading VTuber agency w/ superior KPIs vs competitor Anycolor. 24x fwd P/E, but undermonetized. Rapid intl growth (48% YoY English viewership). New US subsidiary for better monetization. Industry expected to 4x by 2029. Risks: tech advancement, new entrants. Potential catalyst: US spin-off/listing. Conservative balance sheet, net cash position.
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