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PicoCELA Inc. is a communication services company that specializes in enterprise wireless mesh solutions. Headquartered in Tokyo, Japan and founded in 2008, the company focuses on providing robust, cable‑reduced Wi‑Fi infrastructure for business environments such as offices, factories, warehouses, commercial facilities, and event venues. Its core offering is the PCWL series of mesh Wi‑Fi access points, which incorporate the proprietary PicoCELA Backhaul Engine software to enable multi‑hop wireless backhaul and flexible network deployment. PicoCELA generates revenue primarily from product equipment sales and from Software as a Service and maintenance contracts. Through its PicoManager cloud portal and related SaaS tools, customers can remotely manage access points, monitor connectivity and traffic, and deploy edge‑computing applications across devices. The company also provides installation, configuration, and ongoing support services. By focusing on scalable, managed wireless mesh networks, PicoCELA plays a niche role in the telecom and enterprise networking market, serving organizations that require reliable, high‑density connectivity without extensive wired infrastructure.
$4.75
$0.14 (-2.86%)
EOD Jul 17, 2026
The business is unprofitable at the operating level (-110.42% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 30.6% YoY. Margins deteriorated 53.4pp alongside, both lines moving the wrong way.
ROIC dropped from -37.99% to -57.13%, capital efficiency is deteriorating. Negative free cash flow of -¥590M. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
¥545M
▼ -30.6% YoY
Net Income (TTM)
-¥626M
▼ -30.5% YoY
Op. Margin
-110.42%
▼ -53.4pp YoY
ROIC
-57.13%
▼ -19.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-¥590M
▼ -105.7% YoY
Op. Cash Flow (TTM)
-¥472M
▼ -76.2% YoY
Net Debt
-¥253M
Net Cash Position
Cash & Equiv.
¥535M
3Y CAGR: +395.9%
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Picocela (PCLA)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Picocela scores 25/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full . This is analysis, not investment advice.
Picocela scores 25 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -110.4% operating margin and a -57.1% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. you should weigh PCLA's valuation and scores 25/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.