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1. Company Snapshot

1.a. Company Description

HeartCore Enterprises, Inc., a software development company, provides Software as a Service solutions to enterprise customers in Japan and internationally.Its customer experience management platform includes marketing, sales, service, and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement.The company also provides data analytics services that allow enterprise businesses to create web experiences for their clients.


In addition, it operates a digital transformation business that provides customers with robotics process automation, process mining, and task mining to accelerate the digital transformation of enterprises.The company was founded in 2009 and is headquartered in Tokyo, Japan.

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1.b. Last Insights on HTCR

HeartCore Enterprises' recent stock performance appears to be negatively impacted by the lack of recent earnings release, which is unusual for a company that typically releases quarterly results. The company's last earnings release was in Q3 2024, which may indicate a delay in reporting Q4 2024 results. Furthermore, the expansion of Go IPO consulting services into South Korea, announced on February 18, 2025, may not be enough to drive growth, especially if the company is facing challenges in its core enterprise software and data consulting services business.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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HeartCore Enterprises, Inc. (HTCR) Reports Q3 Loss, Beats Revenue Estimates

Nov -18

Source: zacks.com

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HeartCore Reports Financial Results for Third Quarter and Nine Months Ended September 30, 2025

Nov -18

Source: globenewswire.com

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HeartCore Granted 180-Day Extension to Regain Compliance with Nasdaq's Minimum Bid Price Requirement

Nov -10

Source: globenewswire.com

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HeartCore Divests Software Business Subsidiary, HeartCore Co., Ltd

Oct -31

Source: globenewswire.com

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HeartCore Clarifies Form of One-Time Payment to Stockholders

Oct -29

Source: globenewswire.com

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HeartCore to Authorize One-Time Dividend Payment

Oct -20

Source: globenewswire.com

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HeartCore Announces Upcoming Launch of HeartCore CMS Version 13

Sep -25

Source: globenewswire.com

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HeartCore Enterprises (HTCR) Shows Fast-paced Momentum But Is Still a Bargain Stock

Sep -10

Source: zacks.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (11.48%)

6. Segments

Customized Software Development and Services

Expected Growth: 11.88%

HeartCore Enterprises, Inc.'s 11.88% growth in Customized Software Development and Services is driven by increasing demand for digital transformation, adoption of cloud-based solutions, and growing need for tailored software applications. Additionally, the company's expertise in emerging technologies such as AI, blockchain, and IoT, and its ability to provide end-to-end solutions, contribute to its growth momentum.

Consulting Service

Expected Growth: 9.9%

HeartCore Enterprises, Inc.'s 9.9% growth in Consulting Services is driven by increasing demand for digital transformation, expansion into new markets, and strategic partnerships. Additionally, the company's expertise in cloud-based solutions, data analytics, and cybersecurity has enabled it to capitalize on emerging trends, resulting in significant revenue growth.

Customer Experience Management Platform

Expected Growth: 12.47%

HeartCore Enterprises, Inc.'s Customer Experience Management Platform growth of 12.47% is driven by increasing demand for personalized customer interactions, adoption of cloud-based solutions, and rising need for data-driven insights to enhance customer loyalty and retention. Additionally, the platform's scalability, flexibility, and ease of integration with existing systems contribute to its growing popularity.

Process Mining

Expected Growth: 13.33%

HeartCore Enterprises, Inc.'s 13.33% growth in Process Mining is driven by increasing demand for operational efficiency, adoption of digital transformation, and rising need for data-driven decision making. Additionally, the company's innovative solutions, strategic partnerships, and expanding customer base contribute to its rapid growth.

Task Mining

Expected Growth: 14.37%

HeartCore Enterprises, Inc.'s 14.37% growth in Task Mining is driven by increasing demand for process automation, adoption of AI-powered tools, and growing need for operational efficiency. Additionally, the company's strategic partnerships, expansion into new markets, and continuous innovation in task automation solutions have contributed to this growth.

Robotic Process Automation

Expected Growth: 24.74%

HeartCore Enterprises' Robotic Process Automation (RPA) growth is driven by increasing demand for digital transformation, cost savings, and enhanced operational efficiency. The 24.74% growth is also fueled by the need for automation in industries such as finance, healthcare, and manufacturing, as well as the growing adoption of artificial intelligence and machine learning technologies.

Others

Expected Growth: 5.83%

HeartCore Enterprises, Inc.'s 5.83% growth is driven by increasing demand for digital transformation services, strategic acquisitions, and expansion into new markets. The company's expertise in cloud-based solutions, cybersecurity, and data analytics has enabled it to capitalize on the growing need for businesses to adapt to a digital-first economy.

7. Detailed Products

Cybersecurity Solutions

Comprehensive cybersecurity solutions to protect businesses from cyber threats

Cloud Infrastructure Services

Scalable and secure cloud infrastructure solutions for businesses of all sizes

Artificial Intelligence and Machine Learning

AI and ML solutions to automate business processes and gain insights from data

Data Analytics and Visualization

Data analytics and visualization solutions to gain insights and make data-driven decisions

Digital Transformation Consulting

Expert consulting services to guide businesses through digital transformation

IT Staffing and Recruitment

Specialized IT staffing and recruitment services to find top talent

8. HeartCore Enterprises, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes is moderate due to the availability of alternative products in the market.

Bargaining Power Of Customers

The bargaining power of customers is high due to the presence of a large number of competitors in the market.

Bargaining Power Of Suppliers

The bargaining power of suppliers is low due to the company's strong relationships with its suppliers.

Threat Of New Entrants

The threat of new entrants is moderate due to the moderate barriers to entry in the industry.

Intensity Of Rivalry

The intensity of rivalry is high due to the presence of a large number of competitors in the market.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 34.26%
Debt Cost 3.95%
Equity Weight 65.74%
Equity Cost 12.29%
WACC 9.43%
Leverage 52.12%

11. Quality Control: HeartCore Enterprises, Inc. passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Perfect

A-Score: 5.5/10

Value: 5.2

Growth: 7.6

Quality: 8.0

Yield: 0.0

Momentum: 6.0

Volatility: 6.0

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SYLA Technologies

A-Score: 5.3/10

Value: 7.5

Growth: 5.7

Quality: 5.4

Yield: 0.0

Momentum: 7.5

Volatility: 5.7

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AGM Group Holdings

A-Score: 4.7/10

Value: 9.6

Growth: 8.4

Quality: 8.8

Yield: 0.0

Momentum: 0.5

Volatility: 0.7

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HeartCore Enterprises

A-Score: 4.6/10

Value: 7.9

Growth: 4.2

Quality: 6.4

Yield: 1.7

Momentum: 6.0

Volatility: 1.7

1-Year Total Return ->

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Xiao-I

A-Score: 4.2/10

Value: 9.8

Growth: 4.7

Quality: 6.5

Yield: 0.0

Momentum: 2.5

Volatility: 2.0

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MMTec

A-Score: 3.4/10

Value: 6.9

Growth: 4.9

Quality: 4.8

Yield: 0.0

Momentum: 0.5

Volatility: 3.3

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

0.44$

Current Price

0.44$

Potential

-0.00%

Expected Cash-Flows