Added to YB: 2026-01-20
Pitch date: 2026-01-16
4441.T [bullish]
Tobila Systems Inc.
+10.33%
current return
Author Info
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Company Info
Tobila Systems Inc. develops and sells nuisance call filter products in Japan. The company offers spam call filter products for mobiles, landlines, and business use.
Market Cap
JPY 12.8B
Pitch Price
JPY 1.3K
Price Target
3.1K (+124%)
Dividend
1.57%
EV/EBITDA
8.38
P/E
20.78
EV/Sales
3.23
Sector
Software
Category
value
When Conservative Accounting Hides a 4x EV/FCF Compounder - Tobila Systems Inc.
4441.T (new position): Japanese anti-fraud software monopoly w/ triple-sourced database (police feeds, 15M users, surveys) embedded in telecom infrastructure. Security segment stable ¥1.9B rev, Solutions growing 60% to ¥0.9B. 81% recurring rev, 184% EBITDA-to-FCF conversion due to contract liabilities. 2028 plan: ¥6B sales (vs ¥2.8B), 22% ROE, ¥7.2B cash deployment. 4x FCF vs 10-14x peers. Demographic tailwinds from aging Japan. Founder owns 44%.
Read full article (15 min)