Financials TRYT Inc.

Equities

9164

JP3635510005

Employment Services

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-05-24 am EDT			5-day change	1st Jan Change
454 ^JPY	+1.11%		-2.78%	-20.21%

Feb. 13	Tryt Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2024	CI
Feb. 13	TRYT Inc. Announces Partial Change in Basic Profit Distribution Policy	CI

Valuation

Fiscal Period: December	2023	2024	2025	2026
Capitalization ¹	56,900	45,400	-	-
Enterprise Value (EV) ¹	88,320	65,600	63,841	55,683
P/E ratio	11.6 x	9.2 x	6.59 x	5.59 x
Yield	-	-	0.93%	0.74%
Capitalization / Revenue	1.08 x	0.75 x	0.66 x	0.59 x
EV / Revenue	1.67 x	1.09 x	0.93 x	0.72 x
EV / EBITDA	9.41 x	6.49 x	5.29 x	4.06 x
EV / FCF	12,957,746 x	-	-	-
FCF Yield	0%	-	-	-
Price to Book	2.19 x	1.46 x	1.2 x	1 x
Nbr of stocks (in thousands)	100,000	100,000	-	-
Reference price ²	569.0	454.0	454.0	454.0
Announcement Date	2/13/24	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2023	2024	2025	2026
Net sales ¹	52,767	60,450	68,565	77,230
EBITDA ¹	9,385	10,105	12,071	13,711
EBIT ¹	7,514	8,815	10,778	12,466
Operating Margin	14.24%	14.58%	15.72%	16.14%
Earnings before Tax (EBT)	7,050	-	-	-
Net income ¹	4,901	4,935	6,892	8,119
Net margin	9.29%	8.16%	10.05%	10.51%
EPS ²	49.01	49.35	68.92	81.19
Free Cash Flow	6,816	-	-	-
FCF margin	12.92%	-	-	-
FCF Conversion (EBITDA)	72.63%	-	-	-
FCF Conversion (Net income)	139.07%	-	-	-
Dividend per Share ²	-	-	4.238	3.339
Announcement Date	2/13/24	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q1	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	10,661	12,078	11,554	11,852	21,028	14,096	13,719	-	-
EBITDA	-	-	-	-	-	-	-	-	-
EBIT ¹	-200	495	57	-653	8,291	739.5	363.7	-	-
Operating Margin	-1.88%	4.1%	0.49%	-5.51%	39.43%	5.25%	2.65%	-	-
Earnings before Tax (EBT)	-442	256	-	-1,320	-	-	-	-	-
Net income ¹	-300	173	55	-898	5,575	458.3	-59.9	-	-
Net margin	-2.81%	1.43%	0.48%	-7.58%	26.51%	3.25%	-0.44%	-	-
EPS ²	-3.000	1.730	0.5500	-8.990	55.75	4.583	-0.5990	-	-
Dividend per Share ²	-	-	-	-	-	-	4.901	-	-
Announcement Date	6/20/23	11/14/23	2/13/24	5/14/24	-	-	-	-	-

¹JPY in Million²JPY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2023	2024	2025	2026
Net Debt ¹	31,420	20,200	18,441	10,283
Net Cash position ¹	-	-	-	-
Leverage (Debt/EBITDA)	3.348 x	1.999 x	1.528 x	0.75 x
Free Cash Flow	6,816	-	-	-
ROE (net income / shareholders' equity)	23.3%	20.1%	21.2%	20.6%
ROA (Net income/ Total Assets)	-	-	-	-
Assets ¹	-	-	-	-
Book Value Per Share ²	259.0	311.0	377.0	455.0
Cash Flow per Share ²	73.80	60.50	82.90	-
Capex ¹	563	1,200	1,200	1,200
Capex / Sales	1.07%	1.99%	1.75%	1.55%
Announcement Date	2/13/24	-	-	-

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

Ratings for TRYT Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

454 JPY

Average target price

910 JPY

Spread / Average Target

+100.44%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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