Financials AJIS Co., Ltd.

Equities

4659

JP3160720003

Business Support Services

Market Closed - Japan Exchange 01:07:53 2024-05-02 am EDT 5-day change 1st Jan Change
2,512 JPY -0.04% Intraday chart for AJIS Co., Ltd. 0.00% +9.79%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 26,382 29,461 16,406 32,223 20,184 19,312
Enterprise Value (EV) 1 17,790 20,410 5,088 18,706 5,279 3,017
P/E ratio 11.8 x 11.5 x 5.45 x 10.1 x 8.97 x 10.3 x
Yield 1.67% 1.85% 3.69% 1.98% 3.34% 3.49%
Capitalization / Revenue 0.98 x 1.06 x 0.58 x 1.15 x 0.77 x 0.74 x
EV / Revenue 0.66 x 0.74 x 0.18 x 0.67 x 0.2 x 0.12 x
EV / EBITDA 4.77 x 4.86 x 1.09 x 3.68 x 1.24 x 0.98 x
EV / FCF 8.13 x 7.77 x 1.69 x 5.42 x 6.25 x 1.17 x
FCF Yield 12.3% 12.9% 59.3% 18.5% 16% 85.2%
Price to Book 1.97 x 2.07 x 0.99 x 1.67 x 0.97 x 0.87 x
Nbr of stocks (in thousands) 8,806 8,405 8,409 8,413 8,417 8,422
Reference price 2 2,996 3,505 1,951 3,830 2,398 2,293
Announcement Date 6/28/18 6/25/19 6/24/20 6/29/21 6/28/22 6/27/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 26,870 27,669 28,402 27,966 26,177 26,062
EBITDA 1 3,730 4,198 4,680 5,081 4,243 3,079
EBIT 1 3,259 3,778 4,278 4,721 3,936 2,804
Operating Margin 12.13% 13.65% 15.06% 16.88% 15.04% 10.76%
Earnings before Tax (EBT) 1 3,292 3,830 4,367 4,838 3,542 2,847
Net income 1 2,237 2,634 3,011 3,187 2,250 1,870
Net margin 8.33% 9.52% 10.6% 11.4% 8.6% 7.18%
EPS 2 254.0 304.5 358.1 378.9 267.4 222.1
Free Cash Flow 1 2,187 2,628 3,018 3,453 844 2,572
FCF margin 8.14% 9.5% 10.63% 12.35% 3.22% 9.87%
FCF Conversion (EBITDA) 58.64% 62.59% 64.48% 67.95% 19.89% 83.53%
FCF Conversion (Net income) 97.78% 99.76% 100.22% 108.33% 37.51% 137.53%
Dividend per Share 2 50.00 65.00 72.00 76.00 80.00 80.00
Announcement Date 6/28/18 6/25/19 6/24/20 6/29/21 6/28/22 6/27/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2021 S1 2022 Q2 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3 2024 Q1 2024 S1 2024 Q3
Net sales 1 13,370 13,146 6,848 12,683 5,771 5,548 12,281 5,962 6,080 13,014 7,585
EBITDA - - - - - - - - - - -
EBIT 1 1,726 2,069 1,297 1,821 443 275 1,227 242 137 894 182
Operating Margin 12.91% 15.74% 18.94% 14.36% 7.68% 4.96% 9.99% 4.06% 2.25% 6.87% 2.4%
Earnings before Tax (EBT) 1 1,782 2,135 - 1,877 463 304 1,295 276 158 945 212
Net income 1 1,207 1,384 - 1,156 262 151 819 166 82 632 110
Net margin 9.03% 10.53% - 9.11% 4.54% 2.72% 6.67% 2.78% 1.35% 4.86% 1.45%
EPS 2 143.7 164.6 - 137.4 31.21 18.05 97.31 19.70 9.810 75.15 13.03
Dividend per Share - - - - - - - - - - -
Announcement Date 10/31/19 10/30/20 10/28/21 10/28/21 1/31/22 7/29/22 10/31/22 1/31/23 7/31/23 10/31/23 1/31/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 8,592 9,051 11,318 13,517 14,905 16,295
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 2,187 2,628 3,018 3,453 844 2,572
ROE (net income / shareholders' equity) 18.1% 19.1% 19.5% 18% 11.5% 8.74%
ROA (Net income/ Total Assets) 12.3% 12.9% 13.3% 12.9% 10% 6.89%
Assets 1 18,230 20,482 22,637 24,785 22,398 27,151
Book Value Per Share 2 1,525 1,691 1,980 2,290 2,482 2,631
Cash Flow per Share 2 987.0 1,089 1,354 1,580 1,713 1,919
Capex 1 293 144 122 202 71 136
Capex / Sales 1.09% 0.52% 0.43% 0.72% 0.27% 0.52%
Announcement Date 6/28/18 6/25/19 6/24/20 6/29/21 6/28/22 6/27/23
1JPY in Million2JPY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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