AISIN CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5,637 JPY | -6.98% |
|
-7.10% | +14.27% |
| Apr. 24 | ASK Automotive Gets Board Nod to Set Up Joint Venture with AISIN Group | MT |
| Mar. 07 | Morgan Stanley Adjusts Aisin Corporation’s Price Target to 6,000 Yen From 6,200 Yen, Keeps at Equalweight | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,065,830 | 717,960 | 1,131,967 | 1,130,614 | 982,414 | 1,519,366 | - | - |
| Enterprise Value (EV) 1 | 1,318,976 | 994,786 | 1,537,015 | 1,626,377 | 1,575,186 | 1,676,774 | 1,900,038 | 1,953,402 |
| P/E ratio | 9.68 x | 29.8 x | 10.7 x | 7.97 x | 26.1 x | 18.5 x | 9.5 x | 7.84 x |
| Yield | 3.79% | 4.5% | 2.86% | 4.05% | 4.66% | 3.04% | 3.19% | 3.7% |
| Capitalization / Revenue | 0.26 x | 0.19 x | 0.32 x | 0.29 x | 0.22 x | 0.34 x | 0.3 x | 0.29 x |
| EV / Revenue | 0.33 x | 0.26 x | 0.44 x | 0.42 x | 0.36 x | 0.34 x | 0.38 x | 0.37 x |
| EV / EBITDA | 3.05 x | 3.19 x | 3.85 x | 3.69 x | 4.7 x | 4.64 x | 3.75 x | 3.54 x |
| EV / FCF | -22.1 x | 18.5 x | 10.7 x | -140 x | 30.8 x | 10.3 x | 9.68 x | 9.93 x |
| FCF Yield | -4.52% | 5.4% | 9.3% | -0.71% | 3.24% | 9.7% | 10.3% | 10.1% |
| Price to Book | 0.79 x | 0.56 x | 0.74 x | 0.64 x | 0.56 x | 0.79 x | 0.76 x | 0.72 x |
| Nbr of stocks (in thousands) | 269,489 | 269,505 | 269,516 | 269,515 | 269,524 | 269,535 | - | - |
| Reference price 2 | 3,955 | 2,664 | 4,200 | 4,195 | 3,645 | 5,637 | 5,637 | 5,637 |
| Announcement Date | 4/26/19 | 4/30/20 | 4/28/21 | 4/28/22 | 4/27/23 | 4/26/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,043,110 | 3,784,585 | 3,525,799 | 3,917,434 | 4,402,823 | 4,909,557 | 5,004,914 | 5,303,042 |
| EBITDA 1 | 431,980 | 311,678 | 398,791 | 440,630 | 335,129 | 415,778 | 507,238 | 552,442 |
| EBIT 1 | 205,562 | 56,129 | 145,332 | 182,011 | 57,942 | 143,396 | 242,504 | 288,583 |
| Operating Margin | 5.08% | 1.48% | 4.12% | 4.65% | 1.32% | 2.92% | 4.85% | 5.44% |
| Earnings before Tax (EBT) 1 | 217,486 | 53,395 | 167,523 | 219,983 | 73,741 | 149,877 | 259,548 | 304,517 |
| Net income 1 | 110,123 | 24,061 | 105,638 | 141,941 | 37,670 | 90,813 | 158,261 | 188,230 |
| Net margin | 2.72% | 0.64% | 3% | 3.62% | 0.86% | 1.85% | 3.16% | 3.55% |
| EPS 2 | 408.6 | 89.28 | 392.0 | 526.7 | 139.8 | 336.9 | 593.5 | 718.9 |
| Free Cash Flow 1 | -59,552 | 53,676 | 143,001 | -11,609 | 51,113 | 187,035 | 196,278 | 196,682 |
| FCF margin | -1.47% | 1.42% | 4.06% | -0.3% | 1.16% | 3.78% | 3.92% | 3.71% |
| FCF Conversion (EBITDA) | - | 17.22% | 35.86% | - | 15.25% | 44.98% | 38.7% | 35.6% |
| FCF Conversion (Net income) | - | 223.08% | 135.37% | - | 135.69% | 191.27% | 124.02% | 104.49% |
| Dividend per Share 2 | 150.0 | 120.0 | 120.0 | 170.0 | 170.0 | 171.5 | 180.0 | 208.3 |
| Announcement Date | 4/26/19 | 4/30/20 | 4/28/21 | 4/28/22 | 4/27/23 | 4/26/24 | - | - |
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 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,913,765 | 1,870,820 | 1,455,991 | 2,069,808 | 887,195 | 1,864,721 | 1,003,657 | 1,049,056 | 2,052,713 | 997,887 | 1,108,729 | 2,106,616 | 1,104,521 | 1,191,686 | 2,296,207 | 1,191,724 | 1,262,977 | 2,454,701 | 1,274,039 | 1,180,817 | 2,454,856 | 1,218,676 | 1,255,348 | 1,266,861 | 1,227,688 |
| EBITDA 1 | - | - | - | - | 88,214 | - | 119,984 | 110,116 | - | 75,267 | 90,044 | - | 69,798 | 110,670 | - | 102,101 | 124,474 | - | - | 126,853 | - | 107,708 | 127,445 | 136,884 | 126,122 |
| EBIT 1 | 53,473 | 2,656 | -38,547 | 183,879 | 25,316 | 85,175 | 53,960 | 42,876 | 96,836 | 6,603 | 20,030 | 26,633 | 431 | 30,878 | 31,309 | 34,467 | 56,383 | 90,850 | 2,935 | 49,611 | 52,546 | 48,227 | 58,611 | 66,746 | 65,406 |
| Operating Margin | 2.79% | 0.14% | -2.65% | 8.88% | 2.85% | 4.57% | 5.38% | 4.09% | 4.72% | 0.66% | 1.81% | 1.26% | 0.04% | 2.59% | 1.36% | 2.89% | 4.46% | 3.7% | 0.23% | 4.2% | 2.14% | 3.96% | 4.67% | 5.27% | 5.33% |
| Earnings before Tax (EBT) 1 | 54,462 | -1,067 | -31,322 | 198,845 | 26,231 | 96,103 | 65,533 | 58,347 | 123,880 | 31,445 | 23,457 | 54,902 | -8,849 | 27,688 | 18,839 | 54,464 | 53,756 | 108,220 | -2,692 | 44,349 | 41,657 | 51,399 | 63,711 | 72,181 | 63,821 |
| Net income 1 | 30,382 | -6,321 | -19,492 | 125,130 | 16,312 | 62,332 | 37,546 | 42,063 | 79,609 | 21,637 | 10,285 | 31,922 | -8,309 | 14,057 | 5,748 | 40,990 | 28,655 | 69,645 | -2,246 | 23,414 | 21,168 | 38,086 | 37,565 | 42,592 | 37,228 |
| Net margin | 1.59% | -0.34% | -1.34% | 6.05% | 1.84% | 3.34% | 3.74% | 4.01% | 3.88% | 2.17% | 0.93% | 1.52% | -0.75% | 1.18% | 0.25% | 3.44% | 2.27% | 2.84% | -0.18% | 1.98% | 0.86% | 3.13% | 2.99% | 3.36% | 3.03% |
| EPS 2 | 112.7 | -23.46 | -72.33 | 464.3 | 60.53 | 231.3 | 139.3 | 156.1 | 295.4 | 80.28 | 38.16 | 118.4 | -30.83 | 52.16 | 21.33 | 152.1 | 106.3 | 258.4 | -8.330 | 86.87 | - | 98.42 | 136.1 | 157.7 | 175.4 |
| Dividend per Share 2 | 60.00 | 60.00 | 20.00 | 100.0 | 70.00 | 70.00 | - | 100.0 | 100.0 | - | 70.00 | 70.00 | - | 100.0 | 100.0 | - | 80.00 | 80.00 | - | 90.00 | - | - | 90.00 | - | 90.00 |
| Announcement Date | 10/31/19 | 4/30/20 | 10/29/20 | 4/28/21 | 10/29/21 | 10/29/21 | 2/2/22 | 4/28/22 | 4/28/22 | 7/29/22 | 10/28/22 | 10/28/22 | 2/3/23 | 4/27/23 | 4/27/23 | 7/28/23 | 10/30/23 | 10/30/23 | 2/2/24 | 4/26/24 | 4/26/24 | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 253,146 | 276,826 | 405,048 | 495,763 | 592,772 | 409,233 | 380,672 | 434,036 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.586 x | 0.8882 x | 1.016 x | 1.125 x | 1.769 x | 0.9843 x | 0.7505 x | 0.7857 x |
| Free Cash Flow 1 | -59,552 | 53,676 | 143,001 | -11,609 | 51,113 | 187,035 | 196,278 | 196,682 |
| ROE (net income / shareholders' equity) | 8.3% | 1.8% | 7.5% | 8.6% | 2.1% | 4.7% | 8.25% | 9.83% |
| ROA (Net income/ Total Assets) | 5.98% | 1.38% | 4.18% | 5.34% | 1.77% | 3.41% | 5.7% | 5.63% |
| Assets 1 | 1,843,044 | 1,744,929 | 2,528,580 | 2,656,082 | 2,130,632 | 2,659,620 | 2,776,511 | 3,343,789 |
| Book Value Per Share 2 | 4,998 | 4,750 | 5,697 | 6,517 | 6,498 | 7,924 | 7,387 | 7,796 |
| Cash Flow per Share 2 | 1,249 | 1,038 | 1,332 | 1,486 | 1,168 | 1,355 | 1,505 | 1,699 |
| Capex 1 | 377,075 | 312,776 | 200,313 | 217,783 | 221,494 | 239,349 | 266,105 | 274,234 |
| Capex / Sales | 9.33% | 8.26% | 5.68% | 5.56% | 5.03% | 4.84% | 5.32% | 5.17% |
| Announcement Date | 4/26/19 | 4/30/20 | 4/28/21 | 4/28/22 | 4/27/23 | 4/26/24 | - | - |
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
13
Last Close Price
5,637
JPY
Average target price
6,421
JPY
Spread / Average Target
+13.91%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +14.27% | 9.65B | |
| +29.62% | 50.98B | |
| +25.77% | 20.39B | |
| -20.63% | 19.42B | |
| +31.67% | 17.27B | |
| +1.48% | 15.84B | |
| -18.75% | 13.35B | |
| +31.97% | 11.74B | |
| +28.58% | 10.66B | |
| +30.12% | 10.21B |
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- Financials Aisin Corporation
