KONICA MINOLTA, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 460.9 JPY | +0.77% |
|
-3.64% | +11.65% |
| May. 21 | Dignitana, Konica Minolta Enter Multi-year Exclusive Distribution Deal in Japan | MT |
| May. 16 | Newly privatised Toshiba to cut 4,000 jobs in restructuring drive | RE |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 538,607 | 217,227 | 296,061 | 254,700 | 281,022 | 226,177 | - | - |
| Enterprise Value (EV) 1 | 687,513 | 416,620 | 582,937 | 585,684 | 668,738 | 640,893 | 563,286 | 519,871 |
| P/E ratio | 12.9 x | -70.7 x | -19.5 x | -9.75 x | -2.72 x | 54.3 x | 22.2 x | 10.1 x |
| Yield | 2.75% | 5.69% | 4.17% | 5.81% | 1.76% | 1.01% | 1.64% | 1.82% |
| Capitalization / Revenue | 0.51 x | 0.22 x | 0.34 x | 0.28 x | 0.25 x | 0.21 x | 0.2 x | 0.2 x |
| EV / Revenue | 0.65 x | 0.42 x | 0.68 x | 0.64 x | 0.59 x | 0.55 x | 0.49 x | 0.45 x |
| EV / EBITDA | 5.66 x | 4.88 x | 9.51 x | 11 x | -33.7 x | 6.29 x | 6.51 x | 5.01 x |
| EV / FCF | 44.1 x | -21 x | 13.3 x | -43.2 x | -27.7 x | 16.5 x | 8.16 x | 10.9 x |
| FCF Yield | 2.27% | -4.75% | 7.5% | -2.32% | -3.6% | 6.05% | 12.2% | 9.22% |
| Price to Book | 0.97 x | 0.41 x | 0.55 x | 0.46 x | 0.58 x | 0.45 x | 0.44 x | 0.43 x |
| Nbr of stocks (in thousands) | 494,589 | 494,823 | 493,434 | 493,604 | 493,888 | 494,484 | - | - |
| Reference price 2 | 1,089 | 439.0 | 600.0 | 516.0 | 569.0 | 457.4 | 457.4 | 457.4 |
| Announcement Date | 5/13/19 | 5/26/20 | 5/14/21 | 5/12/22 | 5/15/23 | 5/14/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,059,120 | 996,101 | 863,381 | 911,426 | 1,130,397 | 1,159,999 | 1,158,865 | 1,156,496 |
| EBITDA 1 | 121,483 | 85,316 | 61,302 | 53,457 | -19,830 | 101,865 | 86,520 | 103,744 |
| EBIT 1 | 62,444 | 8,211 | -16,266 | -22,297 | -95,125 | 26,091 | 21,046 | 39,467 |
| Operating Margin | 5.9% | 0.82% | -1.88% | -2.45% | -8.42% | 2.25% | 1.82% | 3.41% |
| Earnings before Tax (EBT) 1 | 60,138 | 284 | -20,000 | -23,617 | -101,872 | 13,566 | 9,740 | 31,643 |
| Net income 1 | 41,705 | -3,073 | -15,211 | -26,123 | -103,153 | 4,521 | 8,214 | 22,413 |
| Net margin | 3.94% | -0.31% | -1.76% | -2.87% | -9.13% | 0.39% | 0.71% | 1.94% |
| EPS 2 | 84.33 | -6.210 | -30.75 | -52.93 | -208.9 | 9.150 | 20.60 | 45.49 |
| Free Cash Flow 1 | 15,600 | -19,800 | 43,730 | -13,561 | -24,100 | 38,800 | 69,000 | 47,914 |
| FCF margin | 1.47% | -1.99% | 5.06% | -1.49% | -2.13% | 3.34% | 5.95% | 4.14% |
| FCF Conversion (EBITDA) | 12.84% | - | 71.34% | - | - | 38.09% | 79.75% | 46.18% |
| FCF Conversion (Net income) | 37.41% | - | - | - | - | 858.22% | 840.01% | 213.78% |
| Dividend per Share 2 | 30.00 | 25.00 | 25.00 | 30.00 | 10.00 | 5.000 | 7.500 | 8.333 |
| Announcement Date | 5/13/19 | 5/26/20 | 5/14/21 | 5/12/22 | 5/15/23 | 5/14/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 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 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 497,488 | 498,613 | 384,659 | 478,722 | 215,244 | 445,104 | 216,420 | 249,902 | 466,322 | 247,849 | 282,894 | 530,743 | 290,283 | 309,300 | 599,654 | 266,408 | 286,355 | 552,763 | 289,205 | 318,031 | 607,236 | 277,300 | 285,750 | - | 289,200 | 305,650 | - |
| EBITDA | - | - | - | - | 14,095 | - | 10,231 | 7,034 | - | 7,834 | 24,743 | - | 27,415 | -79,822 | - | 14,159 | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 5,433 | 2,778 | -27,876 | 11,610 | -4,666 | -1,563 | -8,595 | -12,138 | -20,734 | -11,002 | 5,864 | -5,138 | 8,526 | -98,513 | -89,987 | -4,406 | 5,191 | 785 | 7,780 | 17,526 | 25,306 | 1,200 | 6,333 | 2,800 | 9,300 | -1,183 | 23,200 |
| Operating Margin | 1.09% | 0.56% | -7.25% | 2.43% | -2.17% | -0.35% | -3.97% | -4.86% | -4.45% | -4.44% | 2.07% | -0.97% | 2.94% | -31.85% | -15.01% | -1.65% | 1.81% | 0.14% | 2.69% | 5.51% | 4.17% | 0.43% | 2.22% | - | 3.22% | -0.39% | - |
| Earnings before Tax (EBT) 1 | 1,561 | -1,277 | -30,899 | 10,899 | -5,291 | -2,742 | -9,332 | -11,543 | -20,875 | -7,598 | 4,486 | -3,111 | 2,262 | -101,000 | -98,761 | -5,788 | 2,041 | -3,746 | 2,096 | 15,216 | 17,312 | 2,400 | - | -200 | - | - | 20,200 |
| Net income 1 | 106 | -3,179 | -22,249 | 7,038 | -5,294 | -4,316 | -8,929 | -12,878 | -21,807 | -8,731 | 1,989 | -6,742 | 3,485 | -99,800 | -96,411 | -5,566 | 1,073 | -4,492 | 343 | 8,670 | 9,013 | 1,500 | - | - | - | - | - |
| Net margin | 0.02% | -0.64% | -5.78% | 1.47% | -2.46% | -0.97% | -4.13% | -5.15% | -4.68% | -3.52% | 0.7% | -1.27% | 1.2% | -32.27% | -16.08% | -2.09% | 0.37% | -0.81% | 0.12% | 2.73% | 1.48% | 0.54% | - | - | - | - | - |
| EPS 2 | 0.2100 | -6.420 | -44.93 | 14.18 | -10.73 | -8.750 | -18.09 | -26.09 | -44.18 | -17.69 | 4.030 | -13.66 | 7.060 | -202.3 | -195.0 | -11.27 | 2.180 | -9.090 | 0.7000 | 17.54 | 18.24 | 3.000 | - | - | - | - | - |
| Dividend per Share 2 | 15.00 | 10.00 | 10.00 | 15.00 | 15.00 | 15.00 | - | 15.00 | 15.00 | - | 10.00 | 10.00 | - | - | - | - | - | - | - | 5.000 | 5.000 | - | - | - | - | 5.000 | 5.000 |
| Announcement Date | 11/1/19 | 5/26/20 | 10/29/20 | 5/14/21 | 11/2/21 | 11/2/21 | 2/1/22 | 5/12/22 | 5/12/22 | 7/28/22 | 11/2/22 | 11/2/22 | 2/2/23 | 5/15/23 | 5/15/23 | 8/1/23 | 11/2/23 | 11/2/23 | 2/1/24 | 5/14/24 | 5/14/24 | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 148,906 | 199,393 | 286,876 | 330,984 | 387,716 | 395,446 | 337,109 | 293,694 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.226 x | 2.337 x | 4.68 x | 6.192 x | -19.55 x | 3.882 x | 3.896 x | 2.831 x |
| Free Cash Flow 1 | 15,600 | -19,800 | 43,730 | -13,561 | -24,100 | 38,800 | 69,000 | 47,914 |
| ROE (net income / shareholders' equity) | 7.7% | -0.6% | -2.9% | -4.8% | -19.9% | 0.9% | 2.51% | 4.88% |
| ROA (Net income/ Total Assets) | 4.96% | 0.02% | -1.55% | -1.79% | -7.5% | 0.97% | 0.73% | 1.37% |
| Assets 1 | 840,124 | -13,501,757 | 979,787 | 1,458,888 | 1,375,942 | 466,867 | 1,120,631 | 1,641,983 |
| Book Value Per Share 2 | 1,123 | 1,058 | 1,094 | 1,114 | 987.0 | 1,092 | 1,036 | 1,073 |
| Cash Flow per Share 2 | 204.0 | 150.0 | 126.0 | 101.0 | -56.40 | 162.0 | 128.0 | 130.0 |
| Capex 1 | 52,500 | 50,800 | 57,700 | 42,400 | 43,800 | 44,400 | 46,250 | 45,000 |
| Capex / Sales | 4.96% | 5.1% | 6.68% | 4.65% | 3.87% | 3.83% | 3.99% | 3.89% |
| Announcement Date | 5/13/19 | 5/26/20 | 5/14/21 | 5/12/22 | 5/15/23 | 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
A-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
11
Last Close Price
457.4
JPY
Average target price
498
JPY
Spread / Average Target
+8.88%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +11.65% | 1.45B | |
| +22.35% | 27.35B | |
| +18.47% | 4.99B | |
| +28.24% | 4.65B | |
| -17.22% | 1.07B | |
| +15.23% | 907M | |
| -41.86% | 811M | |
| +0.43% | 437M | |
| -9.76% | 360M | |
| +11.86% | 115M |
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- Financials Konica Minolta, Inc.
