Financials IDOM Inc.

Equities

7599

JP3235700006

Auto Vehicles, Parts & Service Retailers

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-05-10 am EDT			5-day change	1st Jan Change
1,385 ^JPY	+0.58%		+1.76%	+42.78%

2022	Swift Holdings Investments Pty Ltd completed the acquisition of IDOM Automotive Group Pty Ltd. and Gulliver Australia Pty Ltd for AUD 150 million.	CI
2022	Swift Holdings Investments Pty Ltd entered into an agreement to acquire IDOM Automotive Group Pty Ltd. and Gulliver Australia Pty Ltd.	CI

Valuation

Fiscal Period: February	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	38,129	51,921	62,152	65,968	85,045	139,064	-	-
Enterprise Value (EV) ¹	104,134	106,464	99,601	98,922	114,717	90,969	170,064	167,264
P/E ratio	93.1 x	14.6 x	41.9 x	6.11 x	5.99 x	7.95 x	11 x	9.68 x
Yield	2.93%	0.23%	1.71%	0.7%	5.02%	3.77%	2.9%	3.1%
Capitalization / Revenue	0.12 x	0.14 x	0.16 x	0.14 x	0.2 x	0.22 x	0.31 x	0.29 x
EV / Revenue	0.34 x	0.29 x	0.26 x	0.22 x	0.28 x	0.22 x	0.38 x	0.35 x
EV / EBITDA	16 x	8.7 x	7.37 x	4.55 x	5.37 x	9.87 x	7.46 x	6.66 x
EV / FCF	12.1 x	7.97 x	5.49 x	26.2 x	54.4 x	43 x	33.8 x	27.6 x
FCF Yield	8.24%	12.5%	18.2%	3.82%	1.84%	2.32%	2.96%	3.63%
Price to Book	0.96 x	1.23 x	1.41 x	1.22 x	1.37 x	1.32 x	1.76 x	1.62 x
Nbr of stocks (in thousands)	101,408	101,407	100,407	100,407	100,407	100,407	-	-
Reference price ²	376.0	512.0	619.0	657.0	847.0	1,385	1,385	1,385
Announcement Date	4/12/19	4/14/20	4/14/21	4/14/22	4/14/23	4/12/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	309,410	361,684	380,564	459,532	416,514	419,852	449,950	479,075
EBITDA ¹	6,491	12,231	13,522	21,736	21,375	17,000	22,800	25,100
EBIT ¹	3,400	9,091	10,571	18,485	18,684	16,117	18,925	21,400
Operating Margin	1.1%	2.51%	2.78%	4.02%	4.49%	3.84%	4.21%	4.47%
Earnings before Tax (EBT) ¹	1,478	3,917	4,524	15,750	18,752	15,664	17,100	19,850
Net income ¹	409	3,545	1,484	10,794	14,205	11,442	12,625	14,375
Net margin	0.13%	0.98%	0.39%	2.35%	3.41%	2.73%	2.81%	3%
EPS ²	4.040	34.97	14.77	107.5	141.5	114.0	125.8	143.1
Free Cash Flow ¹	8,578	13,351	18,135	3,776	2,109	3,900	5,030	6,067
FCF margin	2.77%	3.69%	4.77%	0.82%	0.51%	0.95%	1.12%	1.27%
FCF Conversion (EBITDA)	132.15%	109.16%	134.11%	17.37%	9.87%	22.94%	22.06%	24.17%
FCF Conversion (Net income)	2,097.31%	376.61%	1,222.04%	34.98%	14.85%	39.9%	39.84%	42.2%
Dividend per Share ²	11.00	1.200	10.60	4.600	42.50	34.19	40.21	42.95
Announcement Date	4/12/19	4/14/20	4/14/21	4/14/22	4/14/23	4/12/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: February	2020 S1	2020 S2	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 Q3	2025 Q4
Net sales ¹	179,276	182,408	178,109	202,455	110,762	227,775	116,845	114,912	231,757	135,601	89,877	225,478	98,770	92,266	191,036	105,258	98,438	203,696	104,014	112,142	115,300	103,000	112,800	117,900
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	4,624	4,467	4,053	6,518	4,356	9,440	5,320	3,725	9,045	5,256	3,360	8,616	5,499	4,569	10,068	2,771	4,327	7,098	3,731	5,288	4,400	4,430	4,920	5,850
Operating Margin	2.58%	2.45%	2.28%	3.22%	3.93%	4.14%	4.55%	3.24%	3.9%	3.88%	3.74%	3.82%	5.57%	4.95%	5.27%	2.63%	4.4%	3.48%	3.59%	4.72%	3.82%	4.3%	4.36%	4.96%
Earnings before Tax (EBT)	3,292	625	2,717	1,807	3,882	7,951	4,670	3,129	7,799	5,117	4,064	9,181	5,369	4,202	9,571	2,738	4,115	6,853	3,689	-	-	-	-	-
Net income	2,124	1,421	1,375	109	2,559	5,311	3,427	2,056	5,483	5,377	2,139	7,516	3,703	2,986	6,689	1,868	2,955	4,823	2,414	-	-	-	-	-
Net margin	1.18%	0.78%	0.77%	0.05%	2.31%	2.33%	2.93%	1.79%	2.37%	3.97%	2.38%	3.33%	3.75%	3.24%	3.5%	1.77%	3%	2.37%	2.32%	-	-	-	-	-
EPS	20.95	-	13.67	-	-	52.90	34.13	-	-	53.55	-	74.86	36.88	-	-	18.61	-	48.04	24.04	-	-	-	-	-
Dividend per Share	0.6000	-	5.300	-	-	2.300	-	-	-	-	-	16.20	-	-	-	-	-	14.41	-	-	-	-	-	-
Announcement Date	10/11/19	4/14/20	10/14/20	4/14/21	10/14/21	10/14/21	1/14/22	4/14/22	4/14/22	7/14/22	10/14/22	10/14/22	1/13/23	4/14/23	4/14/23	7/14/23	10/13/23	10/13/23	1/12/24	4/12/24	-	-	-	-

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: February	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	66,005	54,543	37,449	32,954	29,672	28,750	31,000	28,200
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	10.17 x	4.459 x	2.769 x	1.516 x	1.388 x	1.691 x	1.36 x	1.124 x
Free Cash Flow ¹	8,578	13,351	18,135	3,776	2,109	3,900	5,030	6,067
ROE (net income / shareholders' equity)	0.9%	8.6%	3.4%	22%	24.5%	17.5%	17.4%	17.4%
ROA (Net income/ Total Assets)	1.39%	3.84%	0.82%	9.57%	10%	8.86%	7.3%	9.1%
Assets ¹	29,461	92,375	180,513	112,786	142,104	129,170	172,945	157,967
Book Value Per Share ²	393.0	415.0	438.0	538.0	618.0	687.0	787.0	855.0
Cash Flow per Share	33.20	65.90	44.10	135.0	167.0	143.0	-	-
Capex ¹	3,836	3,117	1,844	4,961	5,441	6,000	7,000	6,500
Capex / Sales	1.24%	0.86%	0.48%	1.08%	1.31%	1.46%	1.56%	1.36%
Announcement Date	4/12/19	4/14/20	4/14/21	4/14/22	4/14/23	4/12/24	-	-

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

Ratings for IDOM Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1,385 JPY

Average target price

1,545 JPY

Spread / Average Target

+11.55%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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