Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Money Forward (3994) - Surprisingly Strong SaaS Sales

Equity Bottom-Up

<ul>
<li>Money Forward reported full year results post close on Friday. The stock will react negatively...probably.  </li>
<li>The stock is down 45% from its 52-week high, along with most high growth SaaS stocks </li>
<li>The fundamentals, earnings and growth remain intact, but valuations are unlikely to recover as excess liquidity drains out of the market.  One for patient LT investors</li>
</ul>


Money Forward reported full year results post close on Friday. The stock will react negatively...probably.  
The stock is down 45% from its 52-week high, along with most high growth SaaS stocks 
The fundamentals, earnings and growth remain intact, but valuations are unlikely to recover as excess liquidity drains out of the market.  One for patient LT investors


Money Forward (3934) - Solid, Not Spectacular