AOKI HOLDINGS INC. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,107 JPY | -0.54% |
|
+0.45% | -2.98% |
| Apr. 08 | Kusuri No Aoki’s Profit Down 31% in Fiscal Q1-Q3 | MT |
| Feb. 28 | Japan retailer Aeon to merge with drugstore chains Tsuruha and Welcia | RE |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 141,529 | 99,588 | 61,591 | 52,319 | 49,499 | 72,337 |
| Enterprise Value (EV) 1 | 154,223 | 115,430 | 88,233 | 92,054 | 73,530 | 86,740 |
| P/E ratio | 19.2 x | 21.7 x | 139 x | -4.38 x | 19.3 x | 12.8 x |
| Yield | 2.7% | 3.88% | 6.34% | 1.62% | 1.72% | 2.35% |
| Capitalization / Revenue | 0.71 x | 0.51 x | 0.34 x | 0.37 x | 0.32 x | 0.41 x |
| EV / Revenue | 0.78 x | 0.6 x | 0.49 x | 0.64 x | 0.47 x | 0.49 x |
| EV / EBITDA | 6.61 x | 5.34 x | 5.71 x | 25.7 x | 5.03 x | 4.46 x |
| EV / FCF | 13.7 x | 17.7 x | -29.9 x | 314 x | 9.45 x | 7.95 x |
| FCF Yield | 7.28% | 5.64% | -3.35% | 0.32% | 10.6% | 12.6% |
| Price to Book | 0.96 x | 0.68 x | 0.44 x | 0.42 x | 0.39 x | 0.55 x |
| Nbr of stocks (in thousands) | 86,881 | 85,925 | 84,836 | 84,796 | 84,903 | 84,903 |
| Reference price 2 | 1,629 | 1,159 | 726.0 | 617.0 | 583.0 | 852.0 |
| Announcement Date | 6/28/18 | 6/27/19 | 6/26/20 | 6/23/21 | 6/29/22 | 6/29/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 198,417 | 193,918 | 180,220 | 143,169 | 154,916 | 176,170 |
| EBITDA 1 | 23,324 | 21,613 | 15,457 | 3,587 | 14,616 | 19,468 |
| EBIT 1 | 14,865 | 13,384 | 6,650 | -5,793 | 5,444 | 10,236 |
| Operating Margin | 7.49% | 6.9% | 3.69% | -4.05% | 3.51% | 5.81% |
| Earnings before Tax (EBT) 1 | 11,905 | 7,436 | 1,707 | -11,615 | 5,704 | 7,760 |
| Net income 1 | 7,377 | 4,602 | 447 | -11,931 | 2,563 | 5,632 |
| Net margin | 3.72% | 2.37% | 0.25% | -8.33% | 1.65% | 3.2% |
| EPS 2 | 84.87 | 53.33 | 5.223 | -140.8 | 30.20 | 66.34 |
| Free Cash Flow 1 | 11,223 | 6,508 | -2,955 | 293.2 | 7,780 | 10,906 |
| FCF margin | 5.66% | 3.36% | -1.64% | 0.2% | 5.02% | 6.19% |
| FCF Conversion (EBITDA) | 48.12% | 30.11% | - | 8.18% | 53.23% | 56.02% |
| FCF Conversion (Net income) | 152.13% | 141.42% | - | - | 303.57% | 193.65% |
| Dividend per Share 2 | 44.00 | 45.00 | 46.00 | 10.00 | 10.00 | 20.00 |
| Announcement Date | 6/28/18 | 6/27/19 | 6/26/20 | 6/23/21 | 6/29/22 | 6/29/23 |
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 | 82,795 | 55,952 | 62,382 | 40,331 | 39,227 | 75,595 | 43,479 | 41,549 | 81,055 | 44,960 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 377 | -11,885 | -3,094 | 1,360 | 1,547 | 2,017 | 2,381 | 2,278 | 3,798 | 3,098 |
| Operating Margin | 0.46% | -21.24% | -4.96% | 3.37% | 3.94% | 2.67% | 5.48% | 5.48% | 4.69% | 6.89% |
| Earnings before Tax (EBT) 1 | -1,153 | -14,429 | -4,931 | 1,993 | 1,490 | 1,296 | 1,964 | 2,601 | 3,920 | 2,554 |
| Net income 1 | -988 | -9,661 | -3,776 | 1,213 | 1,255 | 586 | 1,265 | 1,439 | 2,063 | 1,759 |
| Net margin | -1.19% | -17.27% | -6.05% | 3.01% | 3.2% | 0.78% | 2.91% | 3.46% | 2.55% | 3.91% |
| EPS 2 | -11.51 | -114.0 | -44.51 | 14.30 | 14.79 | 6.910 | 14.90 | 17.06 | 24.50 | 20.92 |
| Dividend per Share | 23.00 | 10.00 | 5.000 | - | - | 7.000 | - | - | 13.00 | - |
| Announcement Date | 11/7/19 | 11/6/20 | 11/5/21 | 2/4/22 | 8/5/22 | 11/10/22 | 2/9/23 | 8/9/23 | 11/9/23 | 2/8/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 12,694 | 15,842 | 26,642 | 39,735 | 24,031 | 14,403 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.5442 x | 0.733 x | 1.724 x | 11.08 x | 1.644 x | 0.7398 x |
| Free Cash Flow 1 | 11,223 | 6,508 | -2,955 | 293 | 7,781 | 10,906 |
| ROE (net income / shareholders' equity) | 5.08% | 3.15% | 0.31% | -9% | 2.02% | 4.23% |
| ROA (Net income/ Total Assets) | 3.92% | 3.55% | 1.8% | -1.55% | 1.45% | 2.74% |
| Assets 1 | 188,088 | 129,597 | 24,839 | 769,643 | 177,125 | 205,308 |
| Book Value Per Share 2 | 1,693 | 1,695 | 1,644 | 1,484 | 1,503 | 1,554 |
| Cash Flow per Share 2 | 372.0 | 309.0 | 282.0 | 353.0 | 447.0 | 451.0 |
| Capex 1 | 6,942 | 7,035 | 13,959 | 10,270 | 7,523 | 4,568 |
| Capex / Sales | 3.5% | 3.63% | 7.75% | 7.17% | 4.86% | 2.59% |
| Announcement Date | 6/28/18 | 6/27/19 | 6/26/20 | 6/23/21 | 6/29/22 | 6/29/23 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -2.98% | 594M | |
| +8.67% | 143B | |
| +17.72% | 80.94B | |
| -17.29% | 43.25B | |
| -6.39% | 43.44B | |
| +0.07% | 25.92B | |
| -7.48% | 11.49B | |
| +8.45% | 9.16B | |
| -1.87% | 7.66B | |
| -2.84% | 7.21B |
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