DESCENTE LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,350 JPY | +1.21% |
|
+1.98% | -9.95% |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 218,684 | 95,802 | 142,009 | 233,609 | 312,587 | 253,044 | - | - |
| Enterprise Value (EV) 1 | 195,340 | 82,652 | 125,324 | 201,172 | 276,230 | 260,975 | 198,644 | 190,144 |
| P/E ratio | 55.4 x | -38.6 x | 28.2 x | 37.5 x | 29.6 x | 21.7 x | 19.2 x | 16 x |
| Yield | 0.9% | - | - | 0.81% | 0.97% | 1.39% | 1.55% | 1.84% |
| Capitalization / Revenue | 1.54 x | 0.77 x | 1.47 x | 2.15 x | 2.59 x | 2.06 x | 1.93 x | 1.85 x |
| EV / Revenue | 1.37 x | 0.66 x | 1.29 x | 1.85 x | 2.29 x | 2.06 x | 1.52 x | 1.39 x |
| EV / EBITDA | - | - | - | - | 22.2 x | 12.4 x | 13.9 x | 13.1 x |
| EV / FCF | 47.8 x | -68.8 x | 192 x | - | 56.5 x | 19.8 x | 16.2 x | 14 x |
| FCF Yield | 2.09% | -1.45% | 0.52% | - | 1.77% | 5.06% | 6.18% | 7.17% |
| Price to Book | 2.79 x | 1.33 x | 1.82 x | 2.7 x | 3.14 x | 2.31 x | 2.16 x | 1.96 x |
| Nbr of stocks (in thousands) | 75,408 | 75,434 | 75,457 | 75,480 | 75,504 | 75,535 | - | - |
| Reference price 2 | 2,900 | 1,270 | 1,882 | 3,095 | 4,140 | 3,350 | 3,350 | 3,350 |
| Announcement Date | 5/13/19 | 5/22/20 | 5/14/21 | 5/12/22 | 5/15/23 | 5/13/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 142,443 | 124,561 | 96,862 | 108,892 | 120,614 | 126,989 | 131,100 | 136,700 |
| EBITDA 1 | - | - | - | - | 12,443 | 16,650 | 14,300 | 14,500 |
| EBIT 1 | 7,935 | 379 | -1,806 | 5,138 | 7,793 | 8,740 | 9,000 | 9,767 |
| Operating Margin | 5.57% | 0.3% | -1.86% | 4.72% | 6.46% | 6.88% | 6.86% | 7.14% |
| Earnings before Tax (EBT) 1 | 5,683 | -1,184 | 5,565 | 9,300 | 12,971 | 15,336 | 18,000 | 20,510 |
| Net income 1 | 3,944 | -2,481 | 5,039 | 6,229 | 10,550 | 12,014 | 13,150 | 15,834 |
| Net margin | 2.77% | -1.99% | 5.2% | 5.72% | 8.75% | 9.46% | 10.03% | 11.58% |
| EPS 2 | 52.31 | -32.90 | 66.80 | 82.54 | 139.7 | 159.1 | 174.4 | 209.8 |
| Free Cash Flow 1 | 4,084 | -1,201 | 654 | - | 4,893 | 10,466 | 12,281 | 13,625 |
| FCF margin | 2.87% | -0.96% | 0.68% | - | 4.06% | 8.4% | 9.37% | 9.97% |
| FCF Conversion (EBITDA) | - | - | - | - | 39.32% | 62.86% | 85.88% | 93.97% |
| FCF Conversion (Net income) | 103.55% | - | 12.98% | - | 46.38% | 91.44% | 93.39% | 86.05% |
| Dividend per Share 2 | 26.00 | - | - | 25.00 | 40.00 | 48.00 | 52.00 | 61.67 |
| Announcement Date | 5/13/19 | 5/22/20 | 5/14/21 | 5/12/22 | 5/15/23 | 5/13/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 65,926 | 42,897 | 49,926 | 26,755 | 26,425 | 30,785 | 57,210 | 28,889 | 34,515 | 27,162 | 32,823 | 59,985 | 30,115 | 36,889 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 2,638 | -2,449 | 2,714 | 1,666 | 2,531 | 2,364 | 4,895 | 2,405 | 493 | 1,951 | 2,200 | 4,151 | 2,283 | 2,306 |
| Operating Margin | 4% | -5.71% | 5.44% | 6.23% | 9.58% | 7.68% | 8.56% | 8.32% | 1.43% | 7.18% | 6.7% | 6.92% | 7.58% | 6.25% |
| Earnings before Tax (EBT) | 2,906 | -1,739 | 3,992 | 3,647 | 3,469 | - | 6,867 | 5,710 | - | 4,308 | - | 7,704 | 3,600 | - |
| Net income 1 | 2,210 | -1,265 | 2,487 | 2,465 | 2,353 | - | 5,132 | 5,040 | 378 | 3,191 | 2,481 | 5,672 | 2,672 | 3,670 |
| Net margin | 3.35% | -2.95% | 4.98% | 9.21% | 8.9% | - | 8.97% | 17.45% | 1.1% | 11.75% | 7.56% | 9.46% | 8.87% | 9.95% |
| EPS | 29.31 | -16.78 | 32.97 | 32.65 | 31.18 | - | 68.00 | 66.74 | - | 42.28 | - | 75.11 | 35.38 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/6/19 | 11/6/20 | 11/5/21 | 2/7/22 | 8/8/22 | 11/7/22 | 11/7/22 | 2/6/23 | 5/15/23 | 8/10/23 | 11/7/23 | 11/7/23 | 2/5/24 | 5/13/24 |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 23,344 | 13,150 | 16,685 | 32,437 | 36,357 | 46,200 | 54,400 | 62,900 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 4,084 | -1,201 | 654 | - | 4,893 | 10,466 | 12,281 | 13,625 |
| ROE (net income / shareholders' equity) | 5% | -3.3% | 6.7% | 7.6% | 11.3% | 11.3% | 11.3% | 13.1% |
| ROA (Net income/ Total Assets) | 7.24% | 0.41% | -0.54% | 6.74% | 9.33% | 11.1% | 8.9% | 9.6% |
| Assets 1 | 54,461 | -610,077 | -933,996 | 92,480 | 113,033 | 108,410 | 147,753 | 164,941 |
| Book Value Per Share 2 | 1,040 | 957.0 | 1,033 | 1,148 | 1,320 | 1,498 | 1,554 | 1,706 |
| Cash Flow per Share 2 | 102.0 | 50.20 | 136.0 | 142.0 | 200.0 | 218.0 | 263.0 | 290.0 |
| Capex 1 | 7,053 | 3,572 | 1,739 | 1,683 | 5,007 | 9,381 | 3,200 | 3,450 |
| Capex / Sales | 4.95% | 2.87% | 1.8% | 1.55% | 4.15% | 7.39% | 2.44% | 2.52% |
| Announcement Date | 5/13/19 | 5/22/20 | 5/14/21 | 5/12/22 | 5/15/23 | 5/13/24 | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
3,350
JPY
Average target price
5,150
JPY
Spread / Average Target
+53.73%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -9.95% | 1.61B | |
| +9.90% | 30.15B | |
| -2.62% | 2.43B | |
| -25.55% | 1.08B | |
| +11.79% | 732M | |
| +1.07% | 155M | |
| -5.79% | 120M |
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- Financials Descente Ltd.
