SHIFT Inc.

SFTTF PQ

SFTTF PQSHIFT Inc.

OTC MARKETS

105.00

USD

+13.30

(+14.50%)

399.45EPS Dil.

0.26P/E

1.89BMarket Cap

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SHIFT Inc.

SFTTF:PQ

(OTC MARKETS)

Recent

price

105.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

Legends:

Stock price

Beta (1.0 Market)

% total return 06/15

Stock

S&P500

2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	TTM
114.64	171.14	235.5	383.14	567.45	885.67	1,319.01	1,819.88	2,655.69	3,688.08	4,997.16	5,683.22	Revenue per Share
-8.11	11.9	13.99	21.4	14.49	25.49	65.54	104.5	162.71	282.79	354.51	399.96	Basic EPS, GAAP
-11.38	6.07	14.84	0.88	17.82	72.45	57.67	112	249.51	376.56	510.45	- -	Free Cash Flow per Basic Share
- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	Dividend per Share
40.63	49.08	64.54	86.31	100.89	126.51	349.85	247.15	381.89	665.77	1,018.71	1,187.23	Book Value per Share
73.41	79.26	98.31	104.81	87.42	117.4	465.06	429.12	869.29	1,052.31	1,088.89	1,033.47	Tangible Book Value per Share
11	13	14	14	14	14	15	16	17	18	18	18	Basic Weighted Avg Shares
1,312	2,151	3,289	5,512	8,174	12,793	19,532	28,712	46,005	64,873	88,030	99,992	Sales/Revenue/Turnover
-5.87	5.77	9.71	9.39	4.79	9.39	7.89	8.2	8.68	10.66	13.14	11.17	Operating Margin (%)
38	41	53	92	172	212	325	593	1,204	1,457	1,720	- -	Depreciation Expense
-93	150	195	308	209	368	970	1,649	2,819	4,974	6,245	7,037	Net Income, GAAP
- -	29.33	39.02	38.27	40.97	47.61	31.83	30.62	37.75	31.57	36.12	35.55	Effective Tax Rate (%)
-7.08	6.96	5.94	5.58	2.55	2.88	4.97	5.74	6.13	7.67	7.09	7.04	Profit Margin (%)
772	771	1,110	1,682	1,904	2,129	8,242	5,987	12,709	10,697	12,194	10,689	Working Capital
54	13	3	502	1,654	1,304	2,104	3,575	2,672	2,307	1,367	5,427	LT Debt
903	1,056	1,516	1,828	2,118	2,506	8,938	10,781	22,684	26,007	29,574	32,441	Total Equity
- -	8.12	13.91	14.98	6.7	14.39	12.65	11.28	10.79	15.21	20.23	17.2	Return on Invested Capital (%)
- -	25.55	24.66	18.77	5.7	8.27	14.46	17.84	28.32	36.19	30.95	25.07	Return on Capital (%)
- -	27.66	25.26	28.34	15.48	22.43	26.54	35.05	53.08	53.99	42.13	40.51	Return on Common Equity (%)

Capital Structure

•

in mil. unless spec.

Working Capital

•

in mil. unless spec.

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)	10 years	5 years	1 year
Sales/Revenue/Turnover	52.59%	47.32%	35.7%
Net Income, GAAP	27.76%	81.28%	25.55%
Free Cash Flow	247.73%	64.43%	35.75%
Total Cash Common Dividend	- -	- -	- -
Total Equity	53.13%	83.2%	13.72%

Growth Rates

•

in mil. unless spec.

Quarterly Revenue

•

in mil. unless spec.

Quarterly Earnings Per Share

•

in mil. unless spec.

Quarterly Dividends Per Share

•

in mil. unless spec.

Business: SHIFT Inc. provides software quality assurance and testing solutions in Japan. It offers CAT, a software test management tool; and software consulting services. The company was incorporated in 2005 and is headquartered in Tokyo, Japan.

	Aug'23	Nov'24	Feb'24
ST Debt	3,536	9,406	8,044
LT Borrowings	1,367	1,167	5,427
LT Finance Leases	- -	- -	- -
Preferred Equity and Hybrid Capital	- -	- -	- -
Shares Outstanding	18	18	18
Market Capitalization	4,513	4,692	4,751

2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	TTM
114.64	171.14	235.5	383.14	567.45	885.67	1,319.01	1,819.88	2,655.69	3,688.08	4,997.16	5,683.22	Revenue per Share
-8.11	11.9	13.99	21.4	14.49	25.49	65.54	104.5	162.71	282.79	354.51	399.96	Basic EPS, GAAP
-11.38	6.07	14.84	0.88	17.82	72.45	57.67	112	249.51	376.56	510.45	- -	Free Cash Flow per Basic Share
- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	Dividend per Share
40.63	49.08	64.54	86.31	100.89	126.51	349.85	247.15	381.89	665.77	1,018.71	1,187.23	Book Value per Share
73.41	79.26	98.31	104.81	87.42	117.4	465.06	429.12	869.29	1,052.31	1,088.89	1,033.47	Tangible Book Value per Share
11	13	14	14	14	14	15	16	17	18	18	18	Basic Weighted Avg Shares
1,312	2,151	3,289	5,512	8,174	12,793	19,532	28,712	46,005	64,873	88,030	99,992	Sales/Revenue/Turnover
-5.87	5.77	9.71	9.39	4.79	9.39	7.89	8.2	8.68	10.66	13.14	11.17	Operating Margin (%)
38	41	53	92	172	212	325	593	1,204	1,457	1,720	- -	Depreciation Expense
-93	150	195	308	209	368	970	1,649	2,819	4,974	6,245	7,037	Net Income, GAAP
- -	29.33	39.02	38.27	40.97	47.61	31.83	30.62	37.75	31.57	36.12	35.55	Effective Tax Rate (%)
-7.08	6.96	5.94	5.58	2.55	2.88	4.97	5.74	6.13	7.67	7.09	7.04	Profit Margin (%)
772	771	1,110	1,682	1,904	2,129	8,242	5,987	12,709	10,697	12,194	10,689	Working Capital
54	13	3	502	1,654	1,304	2,104	3,575	2,672	2,307	1,367	5,427	LT Debt
903	1,056	1,516	1,828	2,118	2,506	8,938	10,781	22,684	26,007	29,574	32,441	Total Equity
- -	8.12	13.91	14.98	6.7	14.39	12.65	11.28	10.79	15.21	20.23	17.2	Return on Invested Capital (%)
- -	25.55	24.66	18.77	5.7	8.27	14.46	17.84	28.32	36.19	30.95	25.07	Return on Capital (%)
- -	27.66	25.26	28.34	15.48	22.43	26.54	35.05	53.08	53.99	42.13	40.51	Return on Common Equity (%)

Year	Q1	Q2	Q3	Q4	FY
2022	14,270	15,588	17,146	17,869	64,873
2023	19,354	20,989	23,012	24,675	88,030
2024	25,073	27,232	- -	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2022	78.64	72.93	59.81	71.43	282.79
2023	69.96	53.98	101.74	128.95	354.51
2024	62.27	107.01	- -	- -	- -

	Aug'23	Nov'24	Feb'24
Total Current Assets	30,513	33,186	34,684
Accounts Receivable, Net	11,048	11,078	12,667
Cash, Cash Equivalents & STI	17,591	19,724	19,351
Inventories	733	1,140	1,119
Total Current Liabilities	18,319	21,264	23,995
Payables & Accruals	7,134	2,332	3,582
ST Debt	3,536	9,406	8,044
Deferred Revenue	- -	- -	- -