ZEON CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,450 JPY | +0.31% |
|
+0.10% | +10.68% |
| Apr. 25 | Zeon Corporation announces an Equity Buyback for 10,000,000 shares, representing 4.73% for ¥10,000 million. | CI |
| Apr. 25 | Zeon Corporation authorizes a Buyback Plan. | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 244,719 | 177,908 | 386,945 | 294,341 | 295,579 | 306,513 | - | - |
| Enterprise Value (EV) 1 | 231,310 | 166,839 | 353,935 | 266,030 | 293,457 | 279,148 | 280,463 | 285,884 |
| P/E ratio | 13.3 x | 8.81 x | 14 x | 8.9 x | 28 x | 8.97 x | 13.8 x | 11.4 x |
| Yield | 1.7% | 2.58% | 1.24% | 2.05% | 2.57% | 3.41% | 3.26% | 3.38% |
| Capitalization / Revenue | 0.73 x | 0.55 x | 1.28 x | 0.81 x | 0.76 x | 0.73 x | 0.76 x | 0.73 x |
| EV / Revenue | 0.69 x | 0.52 x | 1.17 x | 0.74 x | 0.76 x | 0.73 x | 0.7 x | 0.68 x |
| EV / EBITDA | 4.45 x | 3.84 x | 6.86 x | 4.04 x | 6.17 x | 6.87 x | 5.47 x | 4.89 x |
| EV / FCF | 8.98 x | 43.2 x | 9.71 x | 39.7 x | -14.9 x | 18.3 x | 19.8 x | 18.7 x |
| FCF Yield | 11.1% | 2.31% | 10.3% | 2.52% | -6.71% | 5.47% | 5.04% | 5.34% |
| Price to Book | 0.96 x | 0.69 x | 1.31 x | 0.92 x | 0.88 x | 0.77 x | 0.86 x | 0.8 x |
| Nbr of stocks (in thousands) | 218,499 | 218,560 | 218,737 | 215,793 | 211,279 | 211,315 | - | - |
| Reference price 2 | 1,120 | 814.0 | 1,769 | 1,364 | 1,399 | 1,450 | 1,450 | 1,450 |
| Announcement Date | 4/26/19 | 4/28/20 | 4/28/21 | 4/27/22 | 4/26/23 | 4/25/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 337,499 | 321,966 | 301,961 | 361,730 | 388,614 | 382,279 | 403,064 | 418,705 |
| EBITDA 1 | 51,968 | 43,500 | 51,608 | 65,901 | 47,561 | 40,623 | 51,275 | 58,497 |
| EBIT 1 | 33,147 | 26,104 | 33,408 | 44,432 | 27,179 | 20,500 | 27,445 | 32,862 |
| Operating Margin | 9.82% | 8.11% | 11.06% | 12.28% | 6.99% | 5.36% | 6.81% | 7.85% |
| Earnings before Tax (EBT) 1 | 27,044 | 27,480 | 38,158 | 46,226 | 14,467 | 43,849 | 31,791 | 36,590 |
| Net income 1 | 18,458 | 20,201 | 27,716 | 33,413 | 10,569 | 31,101 | 22,016 | 26,431 |
| Net margin | 5.47% | 6.27% | 9.18% | 9.24% | 2.72% | 8.14% | 5.46% | 6.31% |
| EPS 2 | 84.06 | 92.44 | 126.7 | 153.2 | 49.94 | 147.2 | 105.3 | 127.4 |
| Free Cash Flow 1 | 25,753 | 3,860 | 36,435 | 6,704 | -19,687 | 15,278 | 14,146 | 15,257 |
| FCF margin | 7.63% | 1.2% | 12.07% | 1.85% | -5.07% | 4% | 3.51% | 3.64% |
| FCF Conversion (EBITDA) | 49.56% | 8.87% | 70.6% | 10.17% | - | 37.61% | 27.59% | 26.08% |
| FCF Conversion (Net income) | 139.52% | 19.11% | 131.46% | 20.06% | - | 49.12% | 64.25% | 57.72% |
| Dividend per Share 2 | 19.00 | 21.00 | 22.00 | 28.00 | 36.00 | 45.00 | 47.25 | 49.00 |
| Announcement Date | 4/26/19 | 4/28/20 | 4/28/21 | 4/27/22 | 4/26/23 | 4/25/24 | - | - |
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 | 163,358 | 158,608 | 137,415 | 164,546 | 91,904 | 179,075 | 89,681 | 92,974 | 182,655 | 97,576 | 99,841 | 197,417 | 96,788 | 94,409 | 191,197 | 91,927 | 93,515 | 185,442 | 98,364 | 98,473 | 196,837 | 100,050 | 102,400 | 199,400 | 103,950 | 100,200 | 206,200 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 15,020 | 11,084 | 9,913 | 23,495 | 11,086 | 24,951 | 11,454 | 8,027 | 19,481 | 10,726 | 9,458 | 20,184 | 7,651 | -656 | 6,995 | 6,114 | 3,347 | 9,461 | 6,525 | 4,514 | 11,039 | 6,250 | 6,400 | 12,700 | 7,200 | 6,500 | 15,800 |
| Operating Margin | 9.19% | 6.99% | 7.21% | 14.28% | 12.06% | 13.93% | 12.77% | 8.63% | 10.67% | 10.99% | 9.47% | 10.22% | 7.9% | -0.69% | 3.66% | 6.65% | 3.58% | 5.1% | 6.63% | 4.58% | 5.61% | 6.25% | 6.25% | 6.37% | 6.93% | 6.49% | 7.66% |
| Earnings before Tax (EBT) 1 | 15,803 | - | 10,941 | 27,217 | 11,292 | 25,901 | 12,395 | - | 20,325 | 12,141 | - | 24,005 | 1,137 | - | - | 7,951 | 7,036 | 14,987 | 13,729 | 15,133 | - | - | - | - | - | - | - |
| Net income | 11,550 | 8,651 | 8,182 | 19,534 | 8,343 | 18,394 | 8,970 | 6,049 | 15,019 | 8,706 | 8,713 | 17,419 | 864 | -7,714 | -6,850 | 5,836 | 4,523 | 10,359 | 10,549 | 10,193 | 20,742 | 4,800 | 5,300 | 10,200 | 6,300 | 6,900 | - |
| Net margin | 7.07% | 5.45% | 5.95% | 11.87% | 9.08% | 10.27% | 10% | 6.51% | 8.22% | 8.92% | 8.73% | 8.82% | 0.89% | -8.17% | -3.58% | 6.35% | 4.84% | 5.59% | 10.72% | 10.35% | 10.54% | 4.8% | 5.18% | 5.12% | 6.06% | 6.89% | - |
| EPS 2 | 52.85 | - | 37.42 | - | 38.14 | 84.09 | 41.00 | 28.13 | - | 40.98 | 41.21 | 82.19 | 4.160 | -36.41 | - | 27.62 | 21.41 | 49.03 | 49.92 | 48.24 | - | 23.65 | 22.91 | - | 25.13 | 17.74 | - |
| Dividend per Share | 11.00 | - | 11.00 | - | - | 13.00 | - | - | - | - | - | 18.00 | - | - | - | - | - | 20.00 | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/31/19 | 4/28/20 | 10/30/20 | 4/28/21 | 10/29/21 | 10/29/21 | 1/31/22 | 4/27/22 | 4/27/22 | 7/28/22 | 10/31/22 | 10/31/22 | 1/31/23 | 4/26/23 | 4/26/23 | 7/27/23 | 10/27/23 | 10/27/23 | 1/31/24 | 4/25/24 | 4/25/24 | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 13,409 | 11,069 | 33,010 | 28,311 | 2,122 | 23,689 | 26,050 | 20,629 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 25,753 | 3,860 | 36,435 | 6,704 | -19,687 | 15,278 | 14,146 | 15,257 |
| ROE (net income / shareholders' equity) | 7.2% | 7.9% | 10% | 10.9% | 3.2% | 8.9% | 6.59% | 7.39% |
| ROA (Net income/ Total Assets) | 8.36% | 6.93% | 9.06% | 10.6% | 6.23% | 5.1% | 4.57% | 5.07% |
| Assets 1 | 220,784 | 291,682 | 306,043 | 315,258 | 169,601 | 609,815 | 482,096 | 521,664 |
| Book Value Per Share 2 | 1,172 | 1,177 | 1,350 | 1,487 | 1,592 | 1,715 | 1,685 | 1,815 |
| Cash Flow per Share 2 | 170.0 | 172.0 | 210.0 | 252.0 | 146.0 | 242.0 | 217.0 | 279.0 |
| Capex 1 | 14,640 | 29,088 | 19,645 | 22,902 | 34,045 | 32,135 | 33,930 | 33,430 |
| Capex / Sales | 4.34% | 9.03% | 6.51% | 6.33% | 8.76% | 8.41% | 8.42% | 7.98% |
| Announcement Date | 4/26/19 | 4/28/20 | 4/28/21 | 4/27/22 | 4/26/23 | 4/25/24 | - | - |
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
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
1,446
JPY
Average target price
1,504
JPY
Spread / Average Target
+4.04%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +10.68% | 1.95B | |
| +3.18% | 104B | |
| -8.02% | 62.39B | |
| +72.86% | 48.95B | |
| +15.97% | 39.58B | |
| +2.58% | 32.08B | |
| +11.85% | 20.22B | |
| +11.78% | 16.86B | |
| +14.58% | 14.88B | |
| +0.77% | 13.99B |
- Stock Market
- Equities
- 4205 Stock
- Financials Zeon Corporation
