Added to YB: 2025-03-07
Pitch date: 2025-03-04
5253.T [bullish]
COVER Corporation
-41.17%
current return
Author Info
Nocturnal Research is a generalist on the buyside that mainly covers global internet companies. Sign up for the newsletter.
Company Info
COVER Corporation engages in live streaming activities through VTubers video distribution platform in Japan, the United States, and internationally.
Market Cap
JPY 98.5B
Pitch Price
JPY 2.7K
Price Target
5.0K (+217%)
Dividend
N/A
EV/EBITDA
10.32
P/E
36.65
EV/Sales
1.78
Sector
Entertainment
Category
growth
Japan's Next Great Entertainment Company - COVER Corporation
5253.T: VTuber leader w/ 41% market share. 30% rev CAGR thru FY28, 720bps EBIT margin expansion FY26-28. ¥4,950 PT (Mar '27), 95% upside. Risks: FY26 EBIT guide, talent exits, fan spend, branch closures. Upside: new branches, games, HOLOSTARS growth. 43% EPS CAGR. 24% EBIT margin FY28.
Read full article (12 min)