Financials Abalance Corporation

Equities

3856

JP3969530009

Renewable Energy Equipment & Services

Delayed Japan Exchange 02:00:00 2024-04-26 am EDT 5-day change 1st Jan Change
2,136 JPY 0.00% Intraday chart for Abalance Corporation +9.82% -34.98%

Valuation

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Capitalization 1 4,321 2,772 3,892 33,141 29,472 185,811
Enterprise Value (EV) 1 6,950 5,877 8,117 42,191 57,287 207,200
P/E ratio 5.73 x 8.78 x 18.4 x 61.8 x 36.1 x 36.4 x
Yield 2.04% 3.17% 2.26% 0.27% 0.32% 0.07%
Capitalization / Revenue 0.59 x 0.46 x 0.58 x 1.23 x 0.32 x 0.86 x
EV / Revenue 0.95 x 0.98 x 1.22 x 1.57 x 0.62 x 0.96 x
EV / EBITDA 6.04 x 6.67 x 12.9 x 20.3 x 18 x 13.7 x
EV / FCF -42.6 x -6.6 x 12.5 x 21.5 x -2.82 x 69.2 x
FCF Yield -2.35% -15.2% 7.97% 4.64% -35.4% 1.45%
Price to Book 2.45 x 1.4 x 1.86 x 8.25 x 4.91 x 14.4 x
Nbr of stocks (in thousands) 15,563 15,488 15,506 15,908 16,620 17,382
Reference price 2 277.7 179.0 251.0 2,083 1,773 10,690
Announcement Date 9/28/18 9/27/19 9/29/20 9/29/21 9/29/22 9/27/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net sales 1 7,300 5,984 6,678 26,901 92,122 215,284
EBITDA 1 1,151 881 627 2,082 3,185 15,097
EBIT 1 927 608 362 1,362 1,581 12,805
Operating Margin 12.7% 10.16% 5.42% 5.06% 1.72% 5.95%
Earnings before Tax (EBT) 1 914 580 304 1,254 2,167 13,989
Net income 1 756 316 211 537 806 4,965
Net margin 10.36% 5.28% 3.16% 2% 0.87% 2.31%
EPS 2 48.48 20.38 13.62 33.70 49.06 293.3
Free Cash Flow 1 -163.1 -891.1 646.9 1,958 -20,296 2,994
FCF margin -2.23% -14.89% 9.69% 7.28% -22.03% 1.39%
FCF Conversion (EBITDA) - - 103.17% 94.07% - 19.84%
FCF Conversion (Net income) - - 306.58% 364.71% - 60.31%
Dividend per Share 2 5.667 5.667 5.667 5.667 5.667 8.000
Announcement Date 9/28/18 9/27/19 9/29/20 9/29/21 9/29/22 9/27/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2020 S1 2021 S1 2022 Q1 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 S1
Net sales 1 - 11,573 9,492 26,342 28,997 55,546 111,553 52,753 52,591 105,344 57,740 108,543
EBITDA - - - - - - - - - - - -
EBIT 1 - 845 254 434 191 1,506 4,908 4,815 3,583 8,398 4,684 10,057
Operating Margin - 7.3% 2.68% 1.65% 0.66% 2.71% 4.4% 9.13% 6.81% 7.97% 8.11% 9.27%
Earnings before Tax (EBT) 1 - 866 1,192 1,250 148 1,325 5,484 5,215 - - 4,548 10,456
Net income 1 - 348 789 739 -27 451 2,148 1,980 - - 1,744 3,635
Net margin - 3.01% 8.31% 2.81% -0.09% 0.81% 1.93% 3.75% - - 3.02% 3.35%
EPS 2 - 22.42 49.22 45.54 -1.973 27.17 129.3 94.64 - - 100.7 209.8
Dividend per Share 2.333 2.333 - 2.667 - - 3.000 - - - - 3.000
Announcement Date - 2/15/21 11/15/21 2/14/22 5/16/22 11/14/22 2/14/23 5/15/23 8/18/23 8/18/23 11/14/23 3/14/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net Debt 1 2,629 3,105 4,225 9,050 27,815 21,389
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.284 x 3.524 x 6.738 x 4.347 x 8.733 x 1.417 x
Free Cash Flow 1 -163 -891 647 1,959 -20,296 2,995
ROE (net income / shareholders' equity) 51.7% 17% 10.3% 26.8% 24.5% 77.7%
ROA (Net income/ Total Assets) 8.52% 4.18% 1.76% 3.14% 1.59% 7%
Assets 1 8,870 7,560 12,007 17,081 50,781 70,976
Book Value Per Share 2 114.0 127.0 135.0 252.0 361.0 742.0
Cash Flow per Share 2 38.60 51.60 78.00 297.0 239.0 1,190
Capex 1 377 1,473 117 2,732 6,036 12,400
Capex / Sales 5.16% 24.62% 1.75% 10.16% 6.55% 5.76%
Announcement Date 9/28/18 9/27/19 9/29/20 9/29/21 9/29/22 9/27/23
1JPY in Million2JPY
Estimates
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