Equity Research Analysis: Earlyworks Co., Ltd. (PDC)
|Blank Capital Research Unit|Spot: $4.79
Price$4.79
Composite Score49.5/100
RatingREDUCE (2★)
Rank#2091 OF 7,333
Market Cap$0
ROE
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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#2091
Positioning
Market Dominance
Services
Computer Software
$0
Satoshi Kobayashi
We are a Japanese company operating our proprietary private blockchain technology, Grid Ledger System (“GLS”), to leverage blockchain technology in various applications in a range of industries. Our principal executive office is located at 5-7-11, Ueno, Taito-ku, Tokyo, Japan 110-0005, and our telephone number is +81 03-5614-0978. Our website is www.e-arly.works. Our agent for service of process in the United States is Cogency Global Inc., at 122 East 42nd Street, 18th Floor, New York, NY.
Headcount
—
HQ Base
Pending Verification
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = PDC ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$YALA Yalla Group Ltd | 75 | 89 | 99 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$GRVY GRAVITY Co., Ltd. | 75 | 82 | 96 | 71 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ISSC INNOVATIVE SOLUTIONS & SUPPORT INC | 73 | 81 | 88 | 94 | 25.0x | 14.1x | 17.1% | 10.3% | 35.5% | 14.6% | 10.1% | 105.2% | 0.0% | 41.0x | $244M | VS | |
$AER AerCap Holdings N.V. | 72 | 60 | 87 | 84 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$HCSG HEALTHCARE SERVICES GROUP INC | 72 | 74 | 88 | 88 | 7.1x | 6.1x | 28.9% | 20.8% | 20.8% | 9.9% | 9.3% | 8.5% | 0.0% | 1.0x | $1.2B | VS | |
$LQDT LIQUIDITY SERVICES INC | 72 | 90 | 88 | 68 | 24.9x | 14.3x | 14.1% | 8.3% | 45.7% | 8.5% | 6.2% | 28.1% | 0.0% | 0.0x | $736M | VS | |
$TRTNpA Triton International Ltd | 71 | 70 | 89 | 70 | - | 1.7x | 0.0% | - | 97.4% | 58.0% | 37.4% | - | 8.8% | 264.0x | $2.5B | VS | |
$EDU New Oriental Education & Technology Group Inc. | 71 | 83 | 52 | 77 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$NTES NetEase, Inc. | 71 | 88 | 93 | 68 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$UTI UNIVERSAL TECHNICAL INSTITUTE INC | 70 | 86 | 86 | 72 | 43.2x | 16.0x | 15.3% | 5.8% | 100.0% | 6.9% | 5.2% | 15.1% | 0.0% | 24.0x | $1.8B | VS | |
$PDC Earlyworks Co., Ltd. | 50 | 43 | 23 | 85 | - | - | -1387.0% | -539.0% | 51.4% | -55.7% | -58.1% | - | - | 66.0x | $0 | ||
| SECTOR BENCH | - | - | - | - | - | 23.7x | 11.7x | 5.7% | 2.4% | 64.6% | 4.5% | 2.8% | 8.6% | 0.0% | 0.3x | - | REF |
Earlyworks Co., Ltd. (PDC) receives a "Reduce" rating with a composite score of 49.5/100. It ranks #2091 out of 7,333 stocks in our coverage universe and carries a 2-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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Outperforming peers — winners tend to keep winning over 3-12 months
Expensive relative to fundamentals — limited margin of safety
Average quality profile
High volatility — wider range of outcomes increases timing risk
Conservative, efficient capex — capital discipline signals management quality
Mid-range overall rating
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Relative valuation derived from Services sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
No analyst ratings for PDC.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 43 | 40 | +3NEUTRAL |
| MOMENTUM | 85 | 93 | -8DRAG |
| VALUATION | 23 | 14 | +9ALPHA |
| INVESTMENT | 65 | 98 | -33DRAG |
| STABILITY | 24 | 14 | +10ALPHA |
| SHORT INT | 60 | 75 | -15DRAG |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROE proxy -1387.0% (sector 5.7%)
GM 51% vs sector 65%, OM -56% vs sector 5%
Capital turnover N/A, R&D intensity 9.8%
Rev growth N/A, 2yr history
Interest coverage -143.2x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate Earlyworks Co., Ltd. (PDC) as a Reduce with a composite score of 49.5/100 at a current price of $4.79. The quantitative profile shows weakness across multiple dimensions, suggesting limited upside potential.
Earlyworks Co., Ltd. holds a top-quartile position (#0 of 50) within the Services sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 49.5/100 places it at rank #2091 in our full universe.
No Moat
High
Poor
Fair Value
Gross margins of 51% signal strong pricing power.
Positive momentum indicates institutional accumulation.
Stable competitive position in a defensive sector.
Vulnerability to macroeconomic shocks and interest rate volatility.
Earlyworks Co., Ltd. represents a reduce based on multi-factor quantitative performance.
Earlyworks Co., Ltd. receives a Reduce rating from our analysis, with a composite score of 49.5/100 and 2 out of 5 stars, ranking #2091 out of 7,333 stocks. PDC's factor profile shows weakness across multiple dimensions, suggesting the stock may underperform going forward. Existing holders may want to consider trimming positions or tightening stop-losses.
PDC's quality score of 43/100 is below average, suggesting challenges with profitability or capital efficiency. The company reports a return on equity of -1387.0% (sector avg: 5.7%), gross margins of 51.4% (sector avg: 64.6%), net margins of -58.1% (sector avg: 2.8%). Investors should examine whether management is actively addressing these weaknesses or if they reflect structural industry headwinds.
PDC registers a value score of just 23/100, suggesting the stock trades at a significant premium to its fundamental metrics. Key valuation metrics include a P/B ratio of 28.21x. High-premium valuations like this require strong future execution to avoid multiple compression, and downside risk is elevated if growth disappoints.
PDC shows a solid investment score of 65/100, reflecting measured but productive capital allocation. Key growth metrics include a return on assets of -539.0% (sector: 2.4%). This suggests the company is investing at an appropriate level to sustain growth without overextending its balance sheet.
PDC shows strong momentum characteristics with a score of 85/100. The stock has been trending above key moving averages, indicating solid demand from institutional buyers. Revenue growth data is not currently available, while a beta of 1.10 reflects its sensitivity to broader market moves. This level of momentum typically signals sustained investor confidence and favorable near-term price action.
Earlyworks Co., Ltd. registers a low stability score of 24/100, indicating high volatility and potentially stressed financial conditions. Key stability metrics include a beta of 1.10 and a debt-to-equity ratio of 66.00x (sector avg: 0.3x). Stocks at this level carry elevated capital loss risk and may be unsuitable for conservative portfolios without careful risk management.
PDC carries a short interest score of 60/100, indicating moderate short selling activity. This is a neutral reading — not enough to signal systemic bearishness, but worth monitoring. Specific risk factors include elevated leverage (D/E: 66.00x), micro-cap liquidity risk. At $0 market cap (micro-cap), Earlyworks Co., Ltd. offers reasonable institutional liquidity.
Earlyworks Co., Ltd. is a micro-cap company in the Services sector, ranked #0 of 50 in its sector (100th percentile) and #2091 of 7,333 overall (71st percentile). Key comparisons include ROE of -1387.0% trailing the 5.7% sector median and operating margins of -55.7% below the 4.5% sector average. This top-quartile standing reflects exceptional competitive strength relative to Services peers.
While PDC currently exhibits a REDUCE profile, superior opportunities exist within the SERVICES sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Services Alpha →Quant Factor Profile
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Improvement in Value (23) would have the largest impact on the composite score.
ROE 24264% BELOW SECTOR MEDIAN
Gross Margin 20% BELOW SECTOR MEDIAN
Op. Margin 1337% BELOW SECTOR MEDIAN
Above 50MA
37.18%
Net New Highs
+51081
Fintech innovator behind AI-powered Barrier Futures joins leaders in technology and finance at Trump family-hosted event TOKYO, JP / ACCESS Newswire / February 18, 2026 / Perpetuals.com Ltd (NASDAQ:PDC) ("Perpetuals.com" or the "Company"), the fintech ...
TOKYO, JAPAN / ACCESS Newswire / February 10, 2026 / Perpetuals.com Ltd (NASDAQ:PDC) ("Perpetuals.com" or the "Company") today announced the launch of Barrier Futures, a proprietary derivative product designed to address two markets: perpetual futures, ...