Trend Micro Incorporated (4704.T) – Transition to a SaaS, is the next chapter of growth

Trend Micro is more assertive regarding its acquisition of new customers, the company is also targeting
customers in the commercial space, to further improve its market share. There were around 381k new active customers in the subscription category and ~146k in the perpetual category.

Highlights 

Valuation

– Enterprise Value
– CrispIdea Forecast
– EVA Analysis
– P/E chart and comparison
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Dupont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

CrispIdea Coverage

No of Pages : 36