ULVAC, INC. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11,215 JPY | +0.31% |
|
+0.09% | +66.44% |
| Jun. 03 | Jefferies Adjusts Ulvac’s Price Target to 14,000 Yen From 12,000 Yen, Keeps at Buy | MT |
| May. 14 | ULVAC, Inc. Appoints Choong Ryul Paik as Director, Effective July 1, 2024 | CI |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 168,288 | 153,293 | 277,308 | 227,530 | 300,025 | 550,843 | - | - |
| Enterprise Value (EV) 1 | 146,171 | 125,107 | 228,297 | 152,259 | 247,519 | 505,222 | 498,612 | 486,761 |
| P/E ratio | 9.02 x | 14.2 x | 18.7 x | 11.3 x | 21.2 x | 30.1 x | 22.1 x | 16.9 x |
| Yield | 3.07% | 2.57% | 1.69% | 2.68% | 1.79% | 1.12% | 1.48% | 2% |
| Capitalization / Revenue | 0.76 x | 0.83 x | 1.52 x | 0.94 x | 1.32 x | 2.2 x | 1.99 x | 1.79 x |
| EV / Revenue | 0.66 x | 0.67 x | 1.25 x | 0.63 x | 1.09 x | 2.02 x | 1.8 x | 1.59 x |
| EV / EBITDA | 4.75 x | 5.26 x | 8.92 x | 3.94 x | 8.78 x | 14.2 x | 10.9 x | 8.35 x |
| EV / FCF | 16.5 x | 13.6 x | 12.3 x | 5.75 x | -16.9 x | 726 x | 27.1 x | 16.1 x |
| FCF Yield | 6.04% | 7.34% | 8.15% | 17.4% | -5.92% | 0.14% | 3.69% | 6.21% |
| Price to Book | 1.12 x | 0.99 x | 1.71 x | 1.2 x | 1.51 x | 2.62 x | 2.44 x | 2.2 x |
| Nbr of stocks (in thousands) | 49,279 | 49,290 | 49,255 | 49,249 | 49,249 | 49,270 | - | - |
| Reference price 2 | 3,415 | 3,110 | 5,630 | 4,620 | 6,092 | 11,180 | 11,180 | 11,180 |
| Announcement Date | 8/7/19 | 8/11/20 | 8/10/21 | 8/9/22 | 8/8/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 220,721 | 185,402 | 183,011 | 241,260 | 227,528 | 250,507 | 277,096 | 307,049 |
| EBITDA 1 | 30,766 | 23,807 | 25,583 | 38,648 | 28,191 | 35,491 | 45,679 | 58,271 |
| EBIT 1 | 23,828 | 15,958 | 17,197 | 30,061 | 19,946 | 25,636 | 35,255 | 46,071 |
| Operating Margin | 10.8% | 8.61% | 9.4% | 12.46% | 8.77% | 10.23% | 12.72% | 15% |
| Earnings before Tax (EBT) 1 | 27,148 | 21,122 | 21,559 | 29,280 | 20,722 | 26,269 | 36,668 | 46,903 |
| Net income 1 | 18,665 | 10,769 | 14,830 | 20,211 | 14,169 | 18,291 | 24,872 | 32,548 |
| Net margin | 8.46% | 5.81% | 8.1% | 8.38% | 6.23% | 7.3% | 8.98% | 10.6% |
| EPS 2 | 378.8 | 218.5 | 301.1 | 410.4 | 287.7 | 371.3 | 504.9 | 660.8 |
| Free Cash Flow 1 | 8,834 | 9,183 | 18,595 | 26,499 | -14,662 | 696 | 18,379 | 30,232 |
| FCF margin | 4% | 4.95% | 10.16% | 10.98% | -6.44% | 0.28% | 6.63% | 9.85% |
| FCF Conversion (EBITDA) | 28.71% | 38.57% | 72.68% | 68.56% | - | 1.96% | 40.24% | 51.88% |
| FCF Conversion (Net income) | 47.33% | 85.27% | 125.39% | 131.11% | - | 3.81% | 73.9% | 92.88% |
| Dividend per Share 2 | 105.0 | 80.00 | 95.00 | 124.0 | 109.0 | 124.8 | 165.6 | 223.9 |
| Announcement Date | 8/7/19 | 8/11/20 | 8/10/21 | 8/9/22 | 8/8/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 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 | 96,749 | 88,653 | 83,835 | 99,176 | 58,260 | 105,679 | 60,418 | 75,163 | 135,581 | 56,182 | 55,178 | 111,360 | 49,599 | 66,569 | 116,168 | 55,038 | 65,186 | 120,224 | 64,983 | 67,896 | 131,851 | 63,650 | 64,400 | 124,000 | 66,600 | 74,850 | 146,000 |
| EBITDA | - | - | - | - | 9,953 | - | 10,303 | 12,807 | - | 7,101 | 7,289 | - | 4,309 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 8,396 | 7,562 | 5,849 | 11,348 | 7,842 | 11,412 | 8,127 | 10,522 | 18,649 | 5,120 | 5,345 | 10,465 | 2,278 | 7,203 | 9,481 | 2,831 | 7,482 | 10,313 | 10,094 | 6,716 | 16,325 | 7,550 | 7,750 | 15,000 | 9,100 | 9,500 | 19,000 |
| Operating Margin | 8.68% | 8.53% | 6.98% | 11.44% | 13.46% | 10.8% | 13.45% | 14% | 13.75% | 9.11% | 9.69% | 9.4% | 4.59% | 10.82% | 8.16% | 5.14% | 11.48% | 8.58% | 15.53% | 9.89% | 12.38% | 11.86% | 12.03% | 12.1% | 13.66% | 12.69% | 13.01% |
| Earnings before Tax (EBT) 1 | 13,150 | 7,972 | 6,084 | 15,475 | 8,195 | 12,382 | 8,446 | 8,452 | 16,898 | 5,208 | 6,687 | 11,895 | 3,884 | 4,943 | - | 2,796 | 8,097 | 10,893 | 9,624 | 8,966 | 17,454 | 7,800 | 8,150 | 15,500 | 9,500 | 10,000 | 20,000 |
| Net income 1 | 7,787 | 2,982 | 4,542 | 10,288 | 5,902 | 8,135 | 5,641 | 6,435 | 12,076 | 4,053 | 5,281 | 9,334 | 2,422 | 2,413 | 4,835 | 1,135 | 5,725 | 6,860 | 6,431 | 5,460 | 11,768 | 5,324 | 5,405 | 10,458 | 6,525 | 6,719 | 13,788 |
| Net margin | 8.05% | 3.36% | 5.42% | 10.37% | 10.13% | 7.7% | 9.34% | 8.56% | 8.91% | 7.21% | 9.57% | 8.38% | 4.88% | 3.62% | 4.16% | 2.06% | 8.78% | 5.71% | 9.9% | 8.04% | 8.93% | 8.36% | 8.39% | 8.43% | 9.8% | 8.98% | 9.44% |
| EPS 2 | 158.0 | - | 92.22 | - | 119.8 | 165.2 | 114.5 | 130.6 | 245.2 | 82.29 | 107.2 | 189.5 | 49.17 | 49.00 | 98.17 | 23.04 | 116.2 | 139.2 | 130.5 | 129.5 | 235.2 | 96.40 | 115.9 | 212.3 | 130.9 | 149.0 | 279.9 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | 109.0 | 109.0 | - | - | - | - | - | 114.0 | - | - | - | - | 148.0 | 148.0 |
| Announcement Date | 2/13/20 | 8/11/20 | 2/12/21 | 8/10/21 | 2/14/22 | 2/14/22 | 5/12/22 | 8/9/22 | 8/9/22 | 11/11/22 | 2/13/23 | 2/13/23 | 5/12/23 | 8/8/23 | 8/8/23 | 11/7/23 | 2/13/24 | 2/13/24 | 5/14/24 | - | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 22,117 | 28,186 | 49,011 | 75,271 | 52,506 | 45,621 | 52,231 | 64,083 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 8,834 | 9,183 | 18,595 | 26,499 | -14,662 | 696 | 18,379 | 30,232 |
| ROE (net income / shareholders' equity) | 12.5% | 7.1% | 9.48% | 11.4% | 7.3% | 8.41% | 11.6% | 14.2% |
| ROA (Net income/ Total Assets) | 8.82% | 6.39% | 5.16% | 9.95% | 6.47% | 7.05% | 8.34% | 10.3% |
| Assets 1 | 211,667 | 168,423 | 287,555 | 203,072 | 219,155 | 259,485 | 298,376 | 316,762 |
| Book Value Per Share 2 | 3,062 | 3,132 | 3,290 | 3,837 | 4,025 | 4,266 | 4,585 | 5,076 |
| Cash Flow per Share 2 | 520.0 | 378.0 | 518.0 | 585.0 | 455.0 | 541.0 | 768.0 | 949.0 |
| Capex 1 | 12,750 | 9,555 | 7,147 | 11,047 | 16,311 | 20,600 | 16,150 | 17,350 |
| Capex / Sales | 5.78% | 5.15% | 3.91% | 4.58% | 7.17% | 8.22% | 5.83% | 5.65% |
| Announcement Date | 8/7/19 | 8/11/20 | 8/10/21 | 8/9/22 | 8/8/23 | - | - | - |
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
8
Last Close Price
11,180
JPY
Average target price
11,856
JPY
Spread / Average Target
+6.05%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +66.44% | 3.42B | |
| +40.46% | 403B | |
| +22.84% | 127B | |
| +37.12% | 99.05B | |
| +18.52% | 20.96B | |
| +9.19% | 19.95B | |
| +41.97% | 10.94B | |
| +26.53% | 9.14B | |
| -0.93% | 8.18B | |
| -29.35% | 5.7B |
- Stock Market
- Equities
- 6728 Stock
- Financials ULVAC, Inc.
