Equity Analyst, LightStream Research

Shifara Samsudeen, ACMA, CGMA

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

Double Standard provides web marketing support services and content data by utilising big data for enterprises. The company operates under two main business segments, Big Data related business and Service Planning Development business. The company was founded in 2012 and listed its shares in 2015 through an initial public offering.
The company’s revenues have grown at double-digit rates over the past 4-5 years; however, we have observed that the company’s margins have declined over the past 4-5 quarters.
The company has entered into a business alliance with SBI Financial Services in December 2019 and at the same time, it also has increased its stake in one of its equity-affiliates, Aster’s. We expect these strategic moves to help boost the company’s top line and revive its deteriorating margins.
In this insight, we take a look at the company’s business, financials and valuation.

Double Standard provides web marketing support services and content data by utilising big data for enterprises. The company operates under two main business segments, Big Data related business and Service Planning Development business. The company was founded in 2012 and listed its shares in 2015 through an initial public offering.
The company’s revenues have grown at double-digit rates over the past 4-5 years; however, we have observed that the company’s margins have declined over the past 4-5 quarters.
The company has entered into a business alliance with SBI Financial Services in December 2019 and at the same time, it also has increased its stake in one of its equity-affiliates, Aster’s. We expect these strategic moves to help boost the company’s top line and revive its deteriorating margins.
In this insight, we take a look at the company’s business, financials and valuation.

Double Standard: SBI Financial Services Alliance and Aster Stake Increase Revive Growth

<a href="https://www.smartkarma.com/entities/morpho-inc" target="_blank" data-smartkarma-citation="entities:19454:1" rel="noopener">Morpho Inc (3653 JP)</a> engages in the research, development and licensing of image processing technologies in Japan. The company offers image stabilisation, computational photography, recognition/tracking, stereo camera and display technologies for smartphones, digital cameras, diagnostic imaging, automotive and other mobile devices.
The company’s shares have lost 45% year-to-date and currently trading at JPY1,760 per share which is close to its 5-year low. The company revenues are highly correlated with demand for smartphones which exposes its earnings into significant cyclicality.

Morpho Inc (3653 JP) engages in the research, development and licensing of image processing technologies in Japan. The company offers image stabilisation, computational photography, recognition/tracking, stereo camera and display technologies for smartphones, digital cameras, diagnostic imaging, automotive and other mobile devices.
The company’s shares have lost 45% year-to-date and currently trading at JPY1,760 per share which is close to its 5-year low. The company revenues are highly correlated with demand for smartphones which exposes its earnings into significant cyclicality.

Morpho: Morphing from Smartphones to Other Applications and It’s Cheap

Japan

Morpho Inc. researches, develops, and licenses image processing technologies. The Company's solutions include an image stabilization technology that uses detection software based on image processing and a motion detection and aligning technologies that allows one to capture an image from a single lens camera and create a stereoscopic 3D image.

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Morpho Inc (3653 JP)

Double Standard: SBI Financial Services Alliance and Aster Stake Increase Revive Growth

Double Standard provides web marketing support services and content data by utilising big data for enterprises. The company operates under two main...

Shifara Samsudeen, ACMA, CGMA

Morpho: Morphing from Smartphones to Other Applications and It’s Cheap

$engages in the research, development and licensing of image processing technologies in Japan. The company offers image stabilisation,...

Shifara Samsudeen, ACMA, CGMA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)