TOTETSU KOGYO CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,100 JPY | 0.00% |
|
-2.36% | -2.21% |
| 2023 | Totetsu Kogyo Co., Ltd. Reports Earnings Results for the Full Year Ended March 31, 2023 | CI |
| 2022 | East Japan Railway Company acquired 8.84% stake in Totetsu Kogyo Co., Ltd.. | CI |
Valuation
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 104,998 | 100,419 | 91,124 | 78,077 | 93,258 | 106,722 | - | - |
| Enterprise Value (EV) 1 | 88,123 | 84,022 | 60,406 | 53,158 | 85,404 | 103,451 | 97,922 | 94,222 |
| P/E ratio | 11.9 x | 9.42 x | 9.4 x | 14.7 x | 11.8 x | 12.5 x | 11.6 x | 11.2 x |
| Yield | 2.56% | 3.19% | 3.21% | 3.75% | 3.4% | 3.23% | 3.23% | 3.42% |
| Capitalization / Revenue | 0.78 x | 0.69 x | 0.69 x | 0.68 x | 0.75 x | 0.73 x | 0.72 x | 0.71 x |
| EV / Revenue | 0.65 x | 0.58 x | 0.45 x | 0.46 x | 0.69 x | 0.73 x | 0.66 x | 0.63 x |
| EV / EBITDA | 6.56 x | 5.23 x | 3.95 x | 5.79 x | 7.5 x | 7.17 x | 6.53 x | 5.93 x |
| EV / FCF | 48.7 x | 41.5 x | 3.62 x | -19.4 x | -6.13 x | 90.8 x | 16.6 x | 13.5 x |
| FCF Yield | 2.06% | 2.41% | 27.6% | -5.15% | -16.3% | 1.1% | 6.02% | 7.43% |
| Price to Book | 1.27 x | 1.14 x | 0.96 x | 0.8 x | 0.91 x | 0.94 x | 0.92 x | 0.88 x |
| Nbr of stocks (in thousands) | 34,426 | 34,425 | 34,425 | 34,425 | 34,425 | 34,426 | - | - |
| Reference price 2 | 3,050 | 2,917 | 2,647 | 2,268 | 2,709 | 3,100 | 3,100 | 3,100 |
| Announcement Date | 5/9/19 | 5/14/20 | 5/12/21 | 5/13/22 | 5/12/23 | 5/15/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 134,739 | 146,034 | 132,919 | 114,718 | 124,661 | 141,845 | 147,750 | 150,667 |
| EBITDA 1 | 13,435 | 16,063 | 15,308 | 9,185 | 11,388 | 14,422 | 15,000 | 15,900 |
| EBIT 1 | 12,216 | 14,858 | 13,915 | 7,261 | 9,070 | 11,751 | 12,900 | 13,467 |
| Operating Margin | 9.07% | 10.17% | 10.47% | 6.33% | 7.28% | 8.28% | 8.73% | 8.94% |
| Earnings before Tax (EBT) 1 | 12,638 | 15,448 | 14,336 | 7,826 | 11,492 | 12,281 | 13,250 | 13,950 |
| Net income 1 | 8,862 | 10,657 | 9,689 | 5,326 | 7,905 | 8,296 | 9,175 | 9,550 |
| Net margin | 6.58% | 7.3% | 7.29% | 4.64% | 6.34% | 5.85% | 6.21% | 6.34% |
| EPS 2 | 257.1 | 309.6 | 281.5 | 154.7 | 229.6 | 241.0 | 266.5 | 277.4 |
| Free Cash Flow 1 | 1,811 | 2,026 | 16,677 | -2,737 | -13,922 | 1,139 | 5,900 | 7,000 |
| FCF margin | 1.34% | 1.39% | 12.55% | -2.39% | -11.17% | 0.8% | 3.99% | 4.65% |
| FCF Conversion (EBITDA) | 13.48% | 12.61% | 108.94% | - | - | 7.9% | 39.33% | 44.03% |
| FCF Conversion (Net income) | 20.44% | 19.01% | 172.12% | - | - | 13.73% | 64.3% | 73.3% |
| Dividend per Share 2 | 78.00 | 93.00 | 85.00 | 85.00 | 92.00 | 97.00 | 100.0 | 106.0 |
| Announcement Date | 5/9/19 | 5/14/20 | 5/12/21 | 5/13/22 | 5/12/23 | 5/15/24 | - | - |
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 | 2026 S1 | 2026 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 55,721 | 90,313 | 56,210 | 76,709 | 25,122 | 45,414 | 25,866 | 43,438 | 69,304 | 21,504 | 27,431 | 48,935 | 29,448 | 46,278 | 75,726 | 24,396 | 32,253 | 56,649 | 35,713 | 49,483 | 85,196 | 24,600 | 33,200 | - | 37,200 | 52,500 | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 4,237 | 10,621 | 5,755 | 8,160 | 1,254 | 1,836 | 2,024 | 3,401 | 5,425 | 678 | 1,742 | 2,420 | 2,725 | 3,925 | 6,650 | 673 | 2,280 | 2,953 | 3,807 | 4,991 | 8,798 | 1,050 | 2,600 | - | 3,850 | 5,300 | - | - | - |
| Operating Margin | 7.6% | 11.76% | 10.24% | 10.64% | 4.99% | 4.04% | 7.82% | 7.83% | 7.83% | 3.15% | 6.35% | 4.95% | 9.25% | 8.48% | 8.78% | 2.76% | 7.07% | 5.21% | 10.66% | 10.09% | 10.33% | 4.27% | 7.83% | - | 10.35% | 10.1% | - | - | - |
| Earnings before Tax (EBT) 1 | 4,471 | 10,977 | 5,944 | 8,392 | 1,263 | 2,587 | 2,060 | 3,179 | - | 837 | 2,129 | 2,966 | 2,678 | 5,848 | 8,526 | 852 | 2,518 | 3,370 | 3,926 | 4,985 | 8,911 | - | - | - | - | - | - | - | - |
| Net income 1 | 3,041 | 7,616 | 4,021 | 5,668 | 815 | 1,696 | 1,401 | 2,229 | 3,630 | 513 | 1,552 | 2,065 | 1,803 | 4,037 | 5,840 | 518 | 1,650 | 2,168 | 2,707 | 3,421 | 6,128 | 700 | 1,800 | - | 2,650 | 3,900 | - | - | - |
| Net margin | 5.46% | 8.43% | 7.15% | 7.39% | 3.24% | 3.73% | 5.42% | 5.13% | 5.24% | 2.39% | 5.66% | 4.22% | 6.12% | 8.72% | 7.71% | 2.12% | 5.12% | 3.83% | 7.58% | 6.91% | 7.19% | 2.85% | 5.42% | - | 7.12% | 7.43% | - | - | - |
| EPS | 88.35 | - | 116.8 | - | - | 49.29 | 40.70 | - | - | 14.91 | - | 60.00 | 52.38 | - | - | 15.06 | - | 62.99 | 78.62 | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | 40.00 | 53.00 | 38.00 | 47.00 | - | 42.00 | - | - | 43.00 | - | - | 45.00 | - | - | 47.00 | - | - | 47.00 | - | - | 50.00 | - | - | 50.00 | - | - | 50.00 | 53.00 | 53.00 |
| Announcement Date | 11/8/19 | 5/14/20 | 11/12/20 | 5/12/21 | 11/10/21 | 11/10/21 | 2/8/22 | 5/13/22 | 5/13/22 | 8/9/22 | 11/10/22 | 11/10/22 | 2/9/23 | 5/12/23 | 5/12/23 | 8/9/23 | 11/9/23 | 11/9/23 | 2/8/24 | 5/15/24 | 5/15/24 | - | - | - | - | - | - | - | - |
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 | 16,875 | 16,397 | 30,718 | 24,919 | 7,854 | 7,800 | 8,800 | 12,500 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 1,811 | 2,026 | 16,677 | -2,737 | -13,922 | 1,139 | 5,900 | 7,000 |
| ROE (net income / shareholders' equity) | 11.1% | 12.5% | 10.6% | 5.5% | 7.9% | 7.8% | 8% | 8.1% |
| ROA (Net income/ Total Assets) | 9.66% | 10.9% | 9.96% | 5.44% | 6.63% | 7.62% | 5.3% | 5.3% |
| Assets 1 | 91,777 | 97,439 | 97,293 | 97,848 | 119,308 | 108,897 | 173,113 | 180,189 |
| Book Value Per Share 2 | 2,397 | 2,561 | 2,772 | 2,821 | 2,974 | 3,208 | 3,361 | 3,541 |
| Cash Flow per Share 2 | 292.0 | 345.0 | 322.0 | 211.0 | 297.0 | 319.0 | 327.0 | 344.0 |
| Capex 1 | 4,277 | 6,034 | 4,439 | 6,442 | 5,408 | 3,700 | 3,500 | 3,500 |
| Capex / Sales | 3.17% | 4.13% | 3.34% | 5.62% | 4.34% | 2.61% | 2.37% | 2.32% |
| Announcement Date | 5/9/19 | 5/14/20 | 5/12/21 | 5/13/22 | 5/12/23 | 5/15/24 | - | - |
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
3,100
JPY
Average target price
3,700
JPY
Spread / Average Target
+19.35%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.21% | 680M | |
| -9.98% | 64.23B | |
| +2.08% | 58.29B | |
| +24.65% | 39.75B | |
| +16.63% | 32.22B | |
| +7.81% | 28.38B | |
| +17.61% | 21.32B | |
| +11.07% | 18.79B | |
| +75.93% | 17.81B | |
| +44.25% | 17.73B |
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