LIXIL CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,725 JPY | +1.44% |
|
-1.46% | -2.02% |
| May. 28 | Lixil to Take Over Aisin's Shower Toilet Business for 2 Billion Yen | MT |
| May. 06 | Jefferies Upgrades LIXIL to Buy From Hold, Adjusts Price Target to 2,500 Yen From 1,730 Yen | MT |
Valuation
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 428,752 | 390,185 | 892,053 | 665,796 | 624,928 | 495,560 | - | - |
| Enterprise Value (EV) 1 | 1,000,677 | 1,126,874 | 1,376,497 | 1,090,095 | 1,136,651 | 538,990 | 1,077,792 | 1,089,124 |
| P/E ratio | -8.21 x | 31.2 x | 27 x | 13.7 x | 39.2 x | -38.8 x | 48.2 x | 18.5 x |
| Yield | 4.74% | 5.2% | 2.44% | 3.71% | 4.13% | 4.79% | 5.22% | 5.28% |
| Capitalization / Revenue | 0.23 x | 0.23 x | 0.65 x | 0.47 x | 0.42 x | 0.36 x | 0.32 x | 0.32 x |
| EV / Revenue | 0.55 x | 0.67 x | 1 x | 0.76 x | 0.76 x | 0.36 x | 0.7 x | 0.69 x |
| EV / EBITDA | 18.7 x | 7.79 x | 11.4 x | 7.26 x | 10.6 x | 5.16 x | 9.42 x | 8.12 x |
| EV / FCF | -336 x | 9.68 x | 16.1 x | 11.7 x | -79.4 x | 19.1 x | 55.6 x | 25.8 x |
| FCF Yield | -0.3% | 10.3% | 6.21% | 8.58% | -1.26% | 5.22% | 1.8% | 3.88% |
| Price to Book | 0.8 x | 0.78 x | 1.62 x | 1.09 x | 1 x | 0.84 x | 0.8 x | 0.8 x |
| Nbr of stocks (in thousands) | 290,089 | 290,101 | 290,098 | 290,740 | 287,059 | 287,281 | - | - |
| Reference price 2 | 1,478 | 1,345 | 3,075 | 2,290 | 2,177 | 1,725 | 1,725 | 1,725 |
| Announcement Date | 5/13/19 | 5/29/20 | 4/30/21 | 4/28/22 | 4/28/23 | 4/30/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,832,608 | 1,694,439 | 1,378,255 | 1,428,578 | 1,495,987 | 1,483,200 | 1,547,475 | 1,572,711 |
| EBITDA 1 | 53,473 | 144,678 | 120,628 | 150,193 | 106,803 | 104,500 | 114,426 | 134,106 |
| EBIT 1 | -15,029 | 39,121 | 35,842 | 69,471 | 24,903 | 16,400 | 28,438 | 47,522 |
| Operating Margin | -0.82% | 2.31% | 2.6% | 4.86% | 1.66% | 1.11% | 1.84% | 3.02% |
| Earnings before Tax (EBT) 1 | -17,990 | 46,811 | 33,804 | 67,262 | 19,759 | 6,700 | 17,497 | 40,223 |
| Net income 1 | -52,193 | 12,518 | 33,048 | 48,603 | 15,991 | -13,908 | 9,928 | 26,034 |
| Net margin | -2.85% | 0.74% | 2.4% | 3.4% | 1.07% | -0.94% | 0.64% | 1.66% |
| EPS 2 | -180.0 | 43.15 | 113.9 | 167.2 | 55.54 | -48.43 | 35.80 | 93.31 |
| Free Cash Flow 1 | -2,977 | 116,387 | 85,462 | 93,491 | -14,314 | 54,967 | 19,392 | 42,222 |
| FCF margin | -0.16% | 6.87% | 6.2% | 6.54% | -0.96% | 3.71% | 1.25% | 2.68% |
| FCF Conversion (EBITDA) | - | 80.45% | 70.85% | 62.25% | - | 50.58% | 16.95% | 31.48% |
| FCF Conversion (Net income) | - | 929.76% | 258.6% | 192.36% | - | 7,269.56% | 195.33% | 162.18% |
| Dividend per Share 2 | 70.00 | 70.00 | 75.00 | 85.00 | 90.00 | 90.00 | 90.00 | 91.11 |
| Announcement Date | 5/13/19 | 5/29/20 | 4/30/21 | 4/28/22 | 4/28/23 | 4/30/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: März | 2020 S1 | 2021 S1 | 2021 S2 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 925,502 | 660,476 | 717,779 | 350,452 | 696,213 | 378,192 | 354,173 | 732,365 | 360,291 | 372,359 | 732,650 | 391,167 | 372,170 | 763,337 | 359,157 | 373,092 | 732,249 | 390,689 | 360,300 | 376,920 | 390,800 | 770,000 | 411,340 | 380,500 |
| EBITDA 1 | - | - | - | 33,328 | 77,282 | 43,074 | 29,837 | 72,911 | 32,007 | 18,288 | 50,295 | 35,489 | 21,019 | 56,508 | 22,112 | 24,247 | 46,359 | 39,446 | 17,500 | 21,000 | 24,000 | - | 35,500 | 27,000 |
| EBIT 1 | 32,071 | 11,976 | 23,866 | 13,228 | 37,161 | 22,792 | 9,518 | 32,310 | 12,067 | -2,028 | 10,039 | 14,201 | 663 | 14,864 | 2,425 | 4,206 | 6,631 | 18,828 | -9,059 | 5,560 | 7,500 | 11,000 | 15,720 | 1,840 |
| Operating Margin | 3.47% | 1.81% | 3.32% | 3.77% | 5.34% | 6.03% | 2.69% | 4.41% | 3.35% | -0.54% | 1.37% | 3.63% | 0.18% | 1.95% | 0.68% | 1.13% | 0.91% | 4.82% | -2.51% | 1.48% | 1.92% | 1.43% | 3.82% | 0.48% |
| Earnings before Tax (EBT) 1 | 40,821 | 10,678 | 23,126 | 12,667 | 35,593 | 22,846 | 8,823 | 31,669 | 12,031 | -2,036 | 9,995 | 11,427 | -1,663 | 9,764 | 378 | 2,267 | 2,645 | 16,531 | -12,512 | 2,400 | 3,850 | 4,000 | 14,525 | -800 |
| Net income 1 | 23,135 | 10,869 | 22,179 | 8,882 | 25,707 | 15,794 | 7,102 | 22,896 | 5,734 | -2,024 | 3,710 | 7,309 | 4,972 | 12,281 | 377 | 112 | 489 | 6,292 | -20,689 | 1,375 | 2,325 | 2,000 | 8,600 | -575 |
| Net margin | 2.5% | 1.65% | 3.09% | 2.53% | 3.69% | 4.18% | 2.01% | 3.13% | 1.59% | -0.54% | 0.51% | 1.87% | 1.34% | 1.61% | 0.1% | 0.03% | 0.07% | 1.61% | -5.74% | 0.36% | 0.59% | 0.26% | 2.09% | -0.15% |
| EPS 2 | 79.75 | 37.47 | - | 30.55 | 88.46 | 54.33 | 24.42 | 78.75 | 19.79 | -6.940 | 12.85 | 25.39 | 17.30 | 42.69 | 1.310 | 0.3900 | 1.700 | 21.92 | -72.05 | 3.700 | 11.83 | - | 25.39 | -5.230 |
| Dividend per Share 2 | 35.00 | 35.00 | - | 40.00 | 40.00 | - | 45.00 | 45.00 | - | 45.00 | 45.00 | - | 45.00 | 45.00 | - | 45.00 | 45.00 | - | 45.00 | - | 45.00 | - | - | 45.00 |
| Announcement Date | 10/31/19 | 10/30/20 | 4/30/21 | 10/29/21 | 10/29/21 | 1/31/22 | 4/28/22 | 4/28/22 | 7/29/22 | 10/31/22 | 10/31/22 | 1/31/23 | 4/28/23 | 4/28/23 | 7/28/23 | 10/31/23 | 10/31/23 | 1/31/24 | 4/30/24 | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 571,925 | 736,689 | 484,444 | 424,299 | 511,723 | 556,702 | 582,233 | 593,564 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 10.7 x | 5.092 x | 4.016 x | 2.825 x | 4.791 x | 5.122 x | 5.088 x | 4.426 x |
| Free Cash Flow 1 | -2,977 | 116,387 | 85,462 | 93,491 | -14,314 | 54,967 | 19,392 | 42,222 |
| ROE (net income / shareholders' equity) | -9.1% | 2.4% | 6.3% | 8.3% | 2.6% | -2.2% | 1.69% | 4.47% |
| ROA (Net income/ Total Assets) | -0.86% | 2.26% | 1.76% | 3.82% | 1.09% | 0.36% | 1.03% | 1.7% |
| Assets 1 | 6,044,214 | 555,031 | 1,873,809 | 1,273,460 | 1,471,479 | -3,902,904 | 960,731 | 1,531,397 |
| Book Value Per Share 2 | 1,840 | 1,731 | 1,903 | 2,106 | 2,179 | 2,238 | 2,153 | 2,158 |
| Cash Flow per Share 2 | 239.0 | 407.0 | 406.0 | 445.0 | 340.0 | 235.0 | 283.0 | 357.0 |
| Capex 1 | 67,639 | 68,635 | 65,581 | 61,462 | 77,597 | 60,955 | 62,000 | 57,500 |
| Capex / Sales | 3.69% | 4.05% | 4.76% | 4.3% | 5.19% | 4.11% | 4.01% | 3.66% |
| Announcement Date | 5/13/19 | 5/29/20 | 4/30/21 | 4/28/22 | 4/28/23 | 4/30/24 | - | - |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A
Sell
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
1,725
JPY
Average target price
1,871
JPY
Spread / Average Target
+8.47%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.02% | 3.15B | |
| +20.88% | 43.88B | |
| +5.82% | 32.39B | |
| +33.88% | 19.86B | |
| -3.68% | 19.63B | |
| +4.39% | 15.42B | |
| +4.51% | 9.4B | |
| -7.99% | 8.76B | |
| +38.36% | 7.54B | |
| +4.79% | 7.41B |
- Stock Market
- Equities
- 5938 Stock
- Financials LIXIL Corporation
