SMS - Public Comps and Valuation Multiples

SMS Overview

About SMS

SMS Co Ltd is a Japanese company involved in providing various services targeting information infrastructure for the aging society. The company divides its search service by the following segments: nursing care, medical care, career, healthcare/senior life, and global.

Founded

2003

HQ

Employees

3.3K+

Website

bm-sms.co.jp

Sectors

Business Consulting
BPO Services
Service Providers

Financials

LTM Revenue $409M

LTM EBITDA $68.7M

EV

$676M

Valuation Multiples

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SMS Financials

As of November 2025, SMS reported last 12-month revenue of $409M and EBITDA of $68.7M.

In the same period, SMS generated $350M in LTM gross profit and $43.1M in net income.

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SMS P&L

In the most recent fiscal year, SMS reported revenue of $391M and EBITDA of $77.9M.

SMS expects next 12-month revenue of XXX and NTM EBITDA of XXX

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	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$409M	XXX	$391M	XXX	XXX	XXX
Gross Profit	$350M	XXX	$346M	XXX	XXX	XXX
Gross Margin	86%	XXX	88%	XXX	XXX	XXX
EBITDA	$68.7M	XXX	$77.9M	XXX	XXX	XXX
EBITDA Margin	17%	XXX	20%	XXX	XXX	XXX
EBIT	$45.1M	XXX	$40.7M	XXX	XXX	XXX
EBIT Margin	11%	XXX	10%	XXX	XXX	XXX
Net Profit	$43.1M	XXX	$38.9M	XXX	XXX	XXX
Net Margin	11%	XXX	10%	XXX	XXX	XXX
Net Debt	XXX	XXX	n/a	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

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Financial performance metrics for SMS including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $409M. EBITDA for the last twelve months was $68.7M. In the most recent fiscal year, SMS achieved $391M in revenue and $77.9M in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$409M	Analyst estimates available to subscribers	$391M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$350M	Analyst estimates available to subscribers	$346M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	85.7% gross margin	Analyst estimates available to subscribers	88.4% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	$68.7M	Analyst estimates available to subscribers	$77.9M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	16.8% EBITDA margin	Analyst estimates available to subscribers	19.9% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	$45.1M	Analyst estimates available to subscribers	$40.7M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	11.0% EBIT margin	Analyst estimates available to subscribers	10.4% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	$43.1M	Analyst estimates available to subscribers	$38.9M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	10.5% net profit margin	Analyst estimates available to subscribers	9.9% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	n/a	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for SMS

This financial data table provides comprehensive performance metrics for SMS, a company based in Japan. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

SMS generated $409M in revenue over the last twelve months.
The company achieved $68.7M in EBITDA over the last twelve months.
Gross profit for the last twelve months was $350M.
Net income over the last twelve months reached $43.1M.

Fiscal Year Performance

In the most recent fiscal year, SMS reported $391M in total revenue.
Fiscal year EBITDA was $77.9M.
The company maintained a gross profit margin of 88.4% in the most recent fiscal year.
EBITDA margin for the fiscal year was 19.9%.
Net profit margin reached 9.9% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for SMS. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

SMS Stock Performance

SMS has current market cap of JPY 112B (or $716M), and EV of JPY 105B (or $676M).

Market Cap Evolution

SMS Stock Data

As of December 4, 2025, SMS's stock price is JPY 1360 (or $9).

See SMS trading valuation data

EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$676M	$716M	XXX	XXX	XXX	XXX	$0.52

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SMS Valuation Multiples

SMS's trades at 1.8x EV/Revenue multiple, and 8.5x EV/EBITDA.

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SMS Financial Valuation Multiples

As of December 4, 2025, SMS has market cap of $716M and EV of $676M.

Equity research analysts estimate SMS's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

SMS has a P/E ratio of 16.6x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$716M	XXX	$716M	XXX	XXX	XXX
EV (current)	$676M	XXX	$676M	XXX	XXX	XXX
EV/Revenue	1.7x	XXX	1.8x	XXX	XXX	XXX
EV/EBITDA	9.8x	XXX	8.5x	XXX	XXX	XXX
EV/EBIT	15.0x	XXX	15.4x	XXX	XXX	XXX
EV/Gross Profit	1.9x	XXX	n/a	XXX	XXX	XXX
P/E	16.6x	XXX	17.6x	XXX	XXX	XXX
EV/FCF	24.1x	XXX	37.4x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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SMS Margins & Growth Rates

SMS's last 12 month revenue growth is 8%

SMS's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.1M for the same period.

SMS's rule of 40 is 29% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

SMS's rule of X is 38% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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SMS Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	8%	XXX	8%	XXX	XXX	XXX
EBITDA Margin	17%	XXX	21%	XXX	XXX	XXX
EBITDA Growth	10%	XXX	-2%	XXX	XXX	XXX
Rule of 40	29%	XXX	29%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	38%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.1M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.1M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	78%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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SMS Public Comps

See public comps and valuation multiples for Business Consulting and BPO Services comps

	EV/Revenue			EV/EBITDA
	2025E	2026E	2027E	2025E	2026E	2027E
Almunda Professionals	XXX	XXX	XXX	XXX	XXX	XXX
Appen	XXX	XXX	XXX	XXX	XXX	XXX
RPMGlobal	XXX	XXX	XXX	XXX	XXX	XXX
Bluebik Group	XXX	XXX	XXX	XXX	XXX	XXX
Business Online	XXX	XXX	XXX	XXX	XXX	XXX
XXXXXXXX	XXX	XXX	XXX	XXX	XXX	XXX
XXXXXXXX	XXX	XXX	XXX	XXX	XXX	XXX

Valuation data powered by FactSet, Inc.

SMS M&A and Investment Activity

SMS acquired XXX companies to date.

Last acquisition by SMS was XXXXXXXX, XXXXX XXXXX XXXXXX . SMS acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).

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Latest Acquisitions by SMS

Acquired Company	EV	EV/Revenue	EV/EBITDA
XXXXXXXXX	XXX	XXX	XXX
XXXXXXXXX	XXX	XXX	XXX
XXXXXXXXX	XXX	XXX	XXX
XXXXXXXXX	XXX	XXX	XXX
XXXXXXXXX	XXX	XXX	XXX

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About SMS

When was SMS founded?	SMS was founded in 2003.
Where is SMS headquartered?	SMS is headquartered in Japan.
How many employees does SMS have?	As of today, SMS has 3.3K+ employees.
Who is the CEO of SMS?	SMS's CEO is Mr. Natsuki Goto.
Is SMS publicy listed?	Yes, SMS is a public company listed on TKS.
What is the stock symbol of SMS?	SMS trades under 2175 ticker.
When did SMS go public?	SMS went public in 2008.
Who are competitors of SMS?	Similar companies to SMS include e.g. Almunda Professionals, Appen, RPMGlobal, Bluebik Group.
What is the current market cap of SMS?	SMS's current market cap is $716M
What is the current revenue of SMS?	SMS's last 12 months revenue is $409M.
What is the current revenue growth of SMS?	SMS revenue growth (NTM/LTM) is 8%.
What is the current EV/Revenue multiple of SMS?	Current revenue multiple of SMS is 1.7x.
Is SMS profitable?	Yes, SMS is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of SMS?	SMS's last 12 months EBITDA is $68.7M.
What is SMS's EBITDA margin?	SMS's last 12 months EBITDA margin is 17%.
What is the current EV/EBITDA multiple of SMS?	Current EBITDA multiple of SMS is 9.8x.
What is the current FCF of SMS?	SMS's last 12 months FCF is $28.1M.
What is SMS's FCF margin?	SMS's last 12 months FCF margin is 7%.
What is the current EV/FCF multiple of SMS?	Current FCF multiple of SMS is 24.1x.

SMS Valuation Multiples

Discover revenue and EBITDA valuation multiples for SMS and similar public comparables like Business Online, Almunda Professionals, and Bluebik Group.

SMS Overview

About SMS

Founded

HQ

Employees

Website

Sectors

Financials

EV

Valuation Multiples

Valuation Multiples for 15K+ Public Comps

SMS Financials

SMS P&L

Financial Performance Summary for SMS

Recent Performance Highlights

Fiscal Year Performance

SMS Stock Performance

Market Cap Evolution

SMS Stock Data

Benchmark Trading Valuation Multiples by Industry

SMS Valuation Multiples

EV/Revenue (LTM) Evolution

SMS Financial Valuation Multiples

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SMS Margins & Growth Rates

SMS Operational Valuation Multiples

Valuation Multiples Across 220+ Verticals

SMS Public Comps

SMS M&A and Investment Activity

Latest Acquisitions by SMS

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About SMS

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