Added to YB: 2026-09-03
Pitch date: 2026-08-31
4704.T [neutral]
Trend Micro Incorporated
-4.19%
current return
Author Info
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Company Info
Trend Micro Incorporated develops and sells security-related software for computers and the internet in Japan, the Americas, Europe, and the Asia Pacific.
Market Cap
JPY 778.4B
Pitch Price
JPY 6.0K
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.04
P/E
22.18
EV/Sales
1.88
Sector
Software
Category
N/A
Monday Delight: 31/08/2026 - Trend Micro Incorporated
4704.T (pass): Trend Micro’s apparent 10.8x EV/EBIT valuation is a net-cash artifact: despite ¥236bn of net cash, the equity trades at ~24.8x trailing earnings and 6.7x book while revenue grows only at a mid-single-digit rate. The shares are down ~46% from their February 2025 high, but consensus targets imply no upside, competition is increasing, and the company is 30-40x the firm’s typical position size.
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