AIRPORT FACILITIES CO., LTD. Financials Airport Facilities Co., Ltd.
Equities
8864
JP3266050008
Real Estate Development & Operations
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 617 JPY | +0.65% |
|
+2.15% | +4.58% |
| Jan. 29 | Asylum-seekers' limbo at Madrid airport 'unsustainable' -rights groups | RE |
| 2023 | Liberty Defense Holdings Reports Trial of HEXWAVE at Denver International Airport; Up 9.4% | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 27,517 | 20,037 | 29,298 | 27,068 | 27,471 | 30,966 | - | - |
| Enterprise Value (EV) 1 | 55,396 | 49,563 | 57,427 | 48,211 | 46,173 | 30,966 | 30,966 | 30,966 |
| P/E ratio | 13.1 x | 8.99 x | -31.4 x | 32.9 x | 17.6 x | 17.2 x | 15.4 x | 13.6 x |
| Yield | 2.53% | 3.48% | 2.39% | 2.58% | 2.55% | 2.27% | 2.59% | 2.92% |
| Capitalization / Revenue | 1.14 x | 0.81 x | 1.21 x | 1.14 x | 1.08 x | 1.17 x | 1.07 x | 0.93 x |
| EV / Revenue | 1.14 x | 0.81 x | 1.21 x | 1.14 x | 1.08 x | 1.17 x | 1.07 x | 0.93 x |
| EV / EBITDA | 3.37 x | 2.44 x | 3.62 x | 3.65 x | 3.75 x | 4.27 x | 4.18 x | 4.07 x |
| EV / FCF | -3.26 x | -15.2 x | 13.4 x | 3.38 x | 33.5 x | -4.47 x | -2.67 x | -10.9 x |
| FCF Yield | -30.7% | -6.57% | 7.47% | 29.6% | 2.98% | -22.4% | -37.4% | -9.17% |
| Price to Book | 0.52 x | 0.37 x | 0.56 x | 0.51 x | 0.5 x | 0.55 x | 0.54 x | 0.53 x |
| Nbr of stocks (in thousands) | 49,760 | 49,843 | 49,911 | 49,941 | 50,038 | 50,188 | - | - |
| Reference price 2 | 553.0 | 402.0 | 587.0 | 542.0 | 549.0 | 617.0 | 617.0 | 617.0 |
| Announcement Date | 5/10/19 | 5/14/20 | 5/13/21 | 5/13/22 | 5/11/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 24,213 | 24,855 | 24,155 | 23,777 | 25,516 | 26,500 | 28,940 | 33,240 |
| EBITDA 1 | 8,163 | 8,198 | 8,095 | 7,417 | 7,326 | 7,260 | 7,400 | 7,610 |
| EBIT 1 | 4,129 | 4,186 | 3,831 | 3,280 | 2,503 | 3,000 | 3,290 | 3,640 |
| Operating Margin | 17.05% | 16.84% | 15.86% | 13.79% | 9.81% | 11.32% | 11.37% | 10.95% |
| Earnings before Tax (EBT) 1 | 3,231 | 3,551 | -642 | 1,694 | 2,178 | 2,840 | 3,160 | 3,570 |
| Net income 1 | 2,104 | 2,227 | -933 | 821 | 1,564 | 1,800 | 2,010 | 2,280 |
| Net margin | 8.69% | 8.96% | -3.86% | 3.45% | 6.13% | 6.79% | 6.95% | 6.86% |
| EPS 2 | 42.28 | 44.72 | -18.71 | 16.45 | 31.28 | 35.90 | 40.00 | 45.40 |
| Free Cash Flow 1 | -8,435 | -1,317 | 2,189 | 8,019 | 818.9 | -6,930 | -11,590 | -2,840 |
| FCF margin | -34.84% | -5.3% | 9.06% | 33.72% | 3.21% | -26.15% | -40.05% | -8.54% |
| FCF Conversion (EBITDA) | - | - | 27.04% | 108.12% | 11.18% | - | - | - |
| FCF Conversion (Net income) | - | - | - | 976.68% | 52.36% | - | - | - |
| Dividend per Share 2 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 16.00 | 18.00 |
| Announcement Date | 5/10/19 | 5/14/20 | 5/13/21 | 5/13/22 | 5/11/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2024 Q1 | 2024 S1 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 12,559 | 12,181 | 11,922 | 5,826 | 6,190 | 12,715 | 6,324 | 6,331 | 13,114 | 6,353 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 2,507 | 2,250 | 2,073 | 988 | 1,003 | 1,807 | 789 | 1,106 | 1,926 | 985 |
| Operating Margin | 19.96% | 18.47% | 17.39% | 16.96% | 16.2% | 14.21% | 12.48% | 17.47% | 14.69% | 15.5% |
| Earnings before Tax (EBT) 1 | 2,429 | 1,560 | 2,025 | 920 | 1,262 | 2,030 | 737 | 1,089 | 1,940 | 955 |
| Net income 1 | 1,532 | 972 | 1,308 | 597 | 777 | 1,297 | 990 | 681 | 1,241 | 601 |
| Net margin | 12.2% | 7.98% | 10.97% | 10.25% | 12.55% | 10.2% | 15.65% | 10.76% | 9.46% | 9.46% |
| EPS 2 | 30.77 | 19.49 | 26.20 | 11.95 | 15.55 | 25.95 | 19.78 | 13.60 | 24.77 | 11.96 |
| Dividend per Share | 7.000 | 7.000 | 7.000 | - | - | 7.000 | - | - | 7.000 | - |
| Announcement Date | 10/31/19 | 10/29/20 | 10/28/21 | 1/27/22 | 7/28/22 | 10/27/22 | 1/26/23 | 7/27/23 | 10/26/23 | 1/25/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | 27,879 | 29,526 | 28,129 | 21,143 | 18,702 | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.415 x | 3.602 x | 3.475 x | 2.851 x | 2.553 x | - | - | - |
| Free Cash Flow 1 | -8,435 | -1,317 | 2,189 | 8,019 | 819 | -6,930 | -11,590 | -2,840 |
| ROE (net income / shareholders' equity) | 3.9% | 4.1% | -1.7% | 1.5% | 2.9% | 3.3% | 3.6% | 3.9% |
| ROA (Net income/ Total Assets) | 3.53% | 3.69% | 3.53% | 2.92% | 2.09% | 1.7% | 1.8% | 1.8% |
| Assets 1 | 59,674 | 60,293 | -26,428 | 28,119 | 74,797 | 105,882 | 111,667 | 126,667 |
| Book Value Per Share 2 | 1,073 | 1,080 | 1,049 | 1,055 | 1,095 | 1,114 | 1,139 | 1,168 |
| Cash Flow per Share | 123.0 | 125.0 | 66.70 | 99.30 | 128.0 | - | - | - |
| Capex | 13,611 | 7,153 | 2,569 | 5,525 | 1,941 | - | - | - |
| Capex / Sales | 56.21% | 28.78% | 10.64% | 23.24% | 7.61% | - | - | - |
| Announcement Date | 5/10/19 | 5/14/20 | 5/13/21 | 5/13/22 | 5/11/23 | - | - | - |
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
D-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
617
JPY
Average target price
680
JPY
Spread / Average Target
+10.21%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +4.58% | 197M | |
| +36.16% | 27.94B | |
| -13.74% | 26.97B | |
| +25.00% | 26.95B | |
| -0.71% | 25.32B | |
| +44.49% | 22.58B | |
| +2.78% | 19.59B | |
| +1.45% | 19.52B | |
| +28.54% | 16.23B | |
| -14.80% | 14.98B |
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- Financials Airport Facilities Co., Ltd.
