Added to YB: 2024-06-26
Pitch date: 2024-06-25
5253.T [bullish]
COVER Corporation
-22.16%
current return
Author Info
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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 2.0K
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.32
P/E
36.65
EV/Sales
1.78
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.
Read full article (11 min)