Vestand Inc. Class A Common Stock (VSTD)

FairStock Score: 37/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses with durable competitive advantages, honest accounting, and a margin of safety. Vestand operates Japanese restaurants in California, a crowded field with little pricing power and no obvious moat. Revenue has grown: fiscal year 2022 was $8.3M, fiscal year 2023 was $9.2M, and fiscal year 2024 was $12.8M. But the bottom line remains deeply negative: fiscal year 2024 net income was $-2.7M, or $-1.98 per diluted share; fiscal year 2023 was $-3.0M; fiscal year 2022 was $-3.5M. In fiscal Q2 2025, the quarter ended 2025-06-30, revenue was $3.7M with net income of $-1.2M and diluted EPS of $-1.00, a -32.64% net margin. The latest trailing free cash flow is $-2.1M, a FairStock FCF yield of -33.9%. Financial health is poor: debt-to-equity is 2.64, ROE is -122.18%, ROCE is -13.16%, Altman Z-score is -1.06, and Piotroski is 4/9. FairStock shows P/E 0.00 and P/B 0.00 at the $0.00 close on 2026-10-13, but with negative EPS, the P/E is not meaningful. The Lynch category is none because it lost money in each of the last four years. The market cap is only $6.3M and the 52-week range is $0.00 to $1.38. A growing top line is not enough; the company must convert revenue into cash and profits. Until then, this is speculative, not a Graham-style bargain.

In plain English: Vestand owns and operates Japanese restaurants in California. The business has been losing money and using cash, even though revenue has grown. At the last close of $0.00 on 2026-10-13, the price looks very low, but the numbers do not show a profitable or cash-generating business, so it does not look like a clear bargain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2025 10-Q (period ended 2025-06-30) · fiscal Q1 2025 10-Q (period ended 2025-03-31) · fiscal Q3 2024 10-Q (period ended 2024-09-30) · fiscal Q2 2024 10-Q (period ended 2024-06-30) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31) · FY2022 10-K/A (period ended 2022-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer