KEIHANSHIN BUILDING CO., LTD. Financials Keihanshin Building Co., Ltd.
Equities
8818
JP3279000008
Real Estate Development & Operations
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,551 JPY | +2.72% |
|
+4.59% | +9.07% |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 57,671 | 69,623 | 77,396 | 75,172 | 58,574 | 75,888 | - | - |
| Enterprise Value (EV) 1 | 97,461 | 114,819 | 122,490 | 130,155 | 120,418 | 79,998 | 75,888 | 75,888 |
| P/E ratio | 14.5 x | 17.9 x | 9.38 x | 14.6 x | 14.1 x | 21.1 x | 20.6 x | 19.6 x |
| Yield | 2.13% | 2.02% | 2.08% | 2.4% | 3.01% | 2.26% | 2.39% | 2.39% |
| Capitalization / Revenue | 3.85 x | 4.54 x | 5.05 x | 4.22 x | 3.1 x | 4.14 x | 3.72 x | 3.58 x |
| EV / Revenue | 3.85 x | 4.54 x | 5.05 x | 4.22 x | 3.1 x | 4.14 x | 3.72 x | 3.58 x |
| EV / EBITDA | 7.53 x | 9.16 x | 10.2 x | 8.49 x | 6.37 x | 8.82 x | 7.82 x | 7.51 x |
| EV / FCF | 37.8 x | -17.6 x | 36.4 x | -7.72 x | -16.2 x | -6.05 x | -10.7 x | -11.1 x |
| FCF Yield | 2.64% | -5.67% | 2.75% | -13% | -6.17% | -16.5% | -9.37% | -8.99% |
| Price to Book | 0.89 x | 1.08 x | 1.09 x | 1.07 x | 0.83 x | 1.07 x | 0.99 x | 0.96 x |
| Nbr of stocks (in thousands) | 53,350 | 52,113 | 51,979 | 50,148 | 48,975 | 48,928 | - | - |
| Reference price 2 | 1,081 | 1,336 | 1,489 | 1,499 | 1,196 | 1,551 | 1,551 | 1,551 |
| Announcement Date | 5/9/19 | 5/14/20 | 5/13/21 | 5/13/22 | 5/12/23 | 5/14/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 14,995 | 15,319 | 15,334 | 17,815 | 18,879 | 19,310 | 20,380 | 21,190 |
| EBITDA 1 | 7,661 | 7,598 | 7,566 | 8,855 | 9,194 | 8,600 | 9,700 | 10,100 |
| EBIT 1 | 5,451 | 5,414 | 5,296 | 5,124 | 5,375 | 5,083 | 5,290 | 5,640 |
| Operating Margin | 36.35% | 35.34% | 34.53% | 28.76% | 28.47% | 26.32% | 25.96% | 26.62% |
| Earnings before Tax (EBT) 1 | 5,782 | 5,742 | 11,906 | 7,426 | 6,019 | 5,476 | 5,400 | 5,600 |
| Net income 1 | 3,998 | 3,919 | 8,252 | 5,165 | 4,186 | 3,793 | 3,690 | 3,880 |
| Net margin | 26.66% | 25.58% | 53.81% | 28.99% | 22.17% | 19.64% | 18.11% | 18.31% |
| EPS 2 | 74.63 | 74.63 | 158.8 | 102.3 | 84.66 | 77.47 | 75.45 | 79.30 |
| Free Cash Flow 1 | 1,525 | -3,946 | 2,126 | -9,743 | -3,612 | -12,545 | -7,110 | -6,823 |
| FCF margin | 10.17% | -25.76% | 13.87% | -54.69% | -19.13% | -63.14% | -34.89% | -32.2% |
| FCF Conversion (EBITDA) | 19.91% | - | 28.11% | - | - | - | - | - |
| FCF Conversion (Net income) | 38.14% | - | 25.77% | - | - | - | - | - |
| Dividend per Share 2 | 23.00 | 27.00 | 31.00 | 36.00 | 36.00 | 37.00 | 37.00 | 37.00 |
| Announcement Date | 5/9/19 | 5/14/20 | 5/13/21 | 5/13/22 | 5/12/23 | 5/14/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,695 | 7,655 | 4,507 | 8,824 | 4,499 | 4,492 | 8,991 | 4,574 | 4,756 | 9,330 | 4,743 | 4,806 | 9,549 | 4,962 | 4,899 | 9,861 | 4,794 | 4,655 |
| EBITDA | - | 4,086 | 2,416 | 4,191 | - | - | - | - | 2,567 | 4,977 | 2,229 | 1,988 | - | - | - | - | - | - |
| EBIT 1 | 2,828 | 2,986 | 1,501 | 2,361 | 1,416 | 1,347 | 2,763 | 1,460 | 1,612 | 3,072 | 1,275 | 1,028 | 2,303 | 1,399 | 1,436 | 2,835 | 1,350 | 897.7 |
| Operating Margin | 36.75% | 39.01% | 33.31% | 26.76% | 31.47% | 29.99% | 30.73% | 31.92% | 33.89% | 32.93% | 26.88% | 21.39% | 24.12% | 28.19% | 29.31% | 28.75% | 28.17% | 19.28% |
| Earnings before Tax (EBT) 1 | 3,453 | 3,717 | 1,406 | 2,271 | 2,651 | 2,504 | - | 2,485 | 1,472 | 3,957 | 1,271 | 791.3 | - | 1,832 | 1,532 | 3,364 | 1,299 | 813.2 |
| Net income 1 | 2,391 | 2,576 | 970.8 | 1,571 | 1,841 | 1,753 | 3,594 | 1,732 | 1,015 | 2,747 | 883.4 | 555.6 | 1,439 | 1,276 | 1,062 | 2,338 | 904.2 | 550.8 |
| Net margin | 31.07% | 33.65% | 21.54% | 17.8% | 40.93% | 39.02% | 39.98% | 37.87% | 21.34% | 29.44% | 18.63% | 11.56% | 15.07% | 25.72% | 21.68% | 23.71% | 18.86% | 11.83% |
| EPS 2 | 45.40 | 49.56 | 19.21 | 30.93 | 36.54 | 34.87 | - | 34.55 | 20.54 | 55.09 | 18.10 | 11.47 | - | 26.07 | 21.64 | 47.71 | 18.49 | 11.27 |
| Dividend per Share 2 | 11.50 | 13.50 | 15.50 | 15.50 | - | 17.50 | - | - | 18.00 | 18.00 | - | 18.00 | - | - | 18.00 | 18.00 | - | 19.00 |
| Announcement Date | 10/25/19 | 10/23/20 | 10/22/21 | 10/22/21 | 1/25/22 | 5/13/22 | 5/13/22 | 7/29/22 | 10/28/22 | 10/28/22 | 1/27/23 | 5/12/23 | 5/12/23 | 7/28/23 | 10/27/23 | 10/27/23 | 1/31/24 | 5/14/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | 39,790 | 45,196 | 45,094 | 54,984 | 61,844 | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.194 x | 5.948 x | 5.96 x | 6.209 x | 6.726 x | - | - | - |
| Free Cash Flow 1 | 1,525 | -3,946 | 2,126 | -9,743 | -3,612 | -12,545 | -7,110 | -6,823 |
| ROE (net income / shareholders' equity) | 6.3% | 6.1% | 12.3% | 7.3% | 5.9% | 5.2% | 4.9% | 5.05% |
| ROA (Net income/ Total Assets) | 4.08% | 3.87% | 3.5% | 3.21% | 3.33% | 3.04% | 3.3% | 3.1% |
| Assets 1 | 98,077 | 101,241 | 236,013 | 160,929 | 125,545 | 124,920 | 111,818 | 125,161 |
| Book Value Per Share 2 | 1,217 | 1,237 | 1,362 | 1,404 | 1,446 | 1,529 | 1,569 | 1,612 |
| Cash Flow per Share | 116.0 | 116.0 | 202.0 | 176.0 | 162.0 | 159.0 | - | - |
| Capex 1 | 3,734 | 10,639 | 11,504 | 12,479 | 12,529 | 15,000 | 15,000 | 15,000 |
| Capex / Sales | 24.9% | 69.45% | 75.02% | 70.05% | 66.36% | 75.49% | 73.6% | 70.79% |
| Announcement Date | 5/9/19 | 5/14/20 | 5/13/21 | 5/13/22 | 5/12/23 | 5/14/24 | - | - |
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
OUTPERFORM
Number of Analysts
2
Last Close Price
1,551
JPY
Average target price
1,620
JPY
Spread / Average Target
+4.45%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +9.07% | 483M | |
| -10.83% | 26.36B | |
| +1.43% | 25.9B | |
| +12.29% | 24.19B | |
| +35.85% | 21.26B | |
| +7.12% | 20.63B | |
| -3.28% | 18.43B | |
| +3.23% | 16.74B | |
| +34.62% | 16.42B | |
| +1.04% | 15.04B |
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- Financials Keihanshin Building Co., Ltd.
