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System Research Co Ltd is a software application service provider in Japan. The business of the company includes SI service operations, outsourcing business, web-related business, software development work, software product business, and product sales.
1981
943
LTM Revenue n/a
LTM EBITDA n/a
$141M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
System Research has a last 12-month revenue of n/a and a last 12-month EBITDA of n/a.
In the most recent fiscal year, System Research achieved revenue of $155M and an EBITDA of $19.0M.
System Research expects next 12-month revenue of XXX and NTM EBITDA of XXX
See System Research valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $143M | $155M | XXX | XXX | XXX |
| Gross Profit | $27.4M | $32.0M | XXX | XXX | XXX |
| Gross Margin | 19% | 21% | XXX | XXX | XXX |
| EBITDA | $15.4M | $19.0M | XXX | XXX | XXX |
| EBITDA Margin | 11% | 12% | XXX | XXX | XXX |
| Net Profit | $9.9M | $10.6M | XXX | XXX | XXX |
| Net Margin | 7% | 7% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, System Research's stock price is JPY 1644 (or $11).
System Research has current market cap of JPY 27.2B (or $181M), and EV of JPY 21.2B (or $141M).
See System Research trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $141M | $181M | XXX | XXX | XXX | XXX | n/a |
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Sign UpAs of April 15, 2025, System Research has market cap of $181M and EV of $141M.
System Research's trades at n/a LTM EV/Revenue multiple, and n/a LTM EBITDA.
Analysts estimate System Research's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for System Research and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $141M | XXX | XXX | XXX |
| EV/Revenue | n/a | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | XXX | XXX |
| P/E | n/a | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpSystem Research's NTM/LTM revenue growth is n/a
System Research's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $19K for the same period.
Over next 12 months, System Research's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate System Research's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for System Research and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | XXX | XXX | XXX |
| EBITDA Growth | 23% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | n/a | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $19K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 11% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| XXX | XXX | XXX | XXX | XXX | XXX | |
| Ctac | XXX | XXX | XXX | XXX | XXX | XXX |
| Mastech Digital | XXX | XXX | XXX | XXX | XXX | XXX |
| Atturra | XXX | XXX | XXX | XXX | XXX | XXX |
| Bravura Solutions | 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.
System Research acquired XXX companies to date.
Last acquisition by System Research was XXXXXXXX, XXXXX XXXXX XXXXXX . System Research acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| 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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Sign Up| When was System Research founded? | System Research was founded in 1981. |
| Where is System Research headquartered? | System Research is headquartered in Japan. |
| How many employees does System Research have? | As of today, System Research has 943 employees. |
| Is System Research publicy listed? | Yes, System Research is a public company listed on TKS. |
| What is the stock symbol of System Research? | System Research trades under 3771 ticker. |
| When did System Research go public? | System Research went public in 2005. |
| Who are competitors of System Research? | Similar companies to System Research include e.g. , Ctac, Mastech Digital, Atturra. |
| What is the current market cap of System Research? | System Research's current market cap is $181M |
| What is the current revenue growth of System Research? | System Research revenue growth between 2023 and 2024 was 8%. |
| Is System Research profitable? | Yes, System Research is EBITDA-positive (as of the last 12 months). |
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