ASAHI CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,433 JPY | +0.07% |
|
+1.42% | +13.10% |
| Apr. 10 | Asahi's Attributable Profit Falls 7.5% in Fiscal 2024 | MT |
| Apr. 01 | Asahi Co., Ltd. Announces Year End Dividend for the Fiscal Year Ended February 20, 2024, Payable on May 13, 2024 | CI |
Valuation
| Fiscal Period: February | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 34,664 | 39,597 | 33,194 | 39,718 | 34,575 | 35,594 |
| Enterprise Value (EV) 1 | 36,379 | 38,644 | 30,435 | 32,129 | 28,617 | 30,282 |
| P/E ratio | 16.8 x | 16.7 x | 12.9 x | 8.42 x | 9.76 x | 10.6 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 0.65 x | 0.69 x | 0.55 x | 0.57 x | 0.48 x | 0.48 x |
| EV / Revenue | 0.68 x | 0.67 x | 0.51 x | 0.46 x | 0.4 x | 0.41 x |
| EV / EBITDA | 7.7 x | 7.36 x | 5.75 x | 3.95 x | 4.34 x | 4.57 x |
| EV / FCF | -183 x | 12.9 x | 11.4 x | 6.46 x | -28.1 x | 9.7 x |
| FCF Yield | -0.55% | 7.73% | 8.81% | 15.5% | -3.56% | 10.3% |
| Price to Book | 1.43 x | 1.51 x | 1.17 x | 1.22 x | 0.98 x | 1.02 x |
| Nbr of stocks (in thousands) | 26,240 | 26,240 | 26,240 | 26,079 | 26,114 | 26,114 |
| Reference price 2 | 1,321 | 1,509 | 1,265 | 1,523 | 1,324 | 1,363 |
| Announcement Date | 5/14/18 | 5/20/19 | 5/18/20 | 5/17/21 | 5/16/22 | 5/15/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: February | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 53,620 | 57,460 | 59,852 | 69,456 | 71,398 | 74,712 |
| EBITDA 1 | 4,727 | 5,249 | 5,289 | 8,141 | 6,590 | 6,631 |
| EBIT 1 | 3,425 | 3,916 | 4,006 | 6,864 | 5,221 | 5,128 |
| Operating Margin | 6.39% | 6.82% | 6.69% | 9.88% | 7.31% | 6.86% |
| Earnings before Tax (EBT) 1 | 3,208 | 3,678 | 3,946 | 7,055 | 5,367 | 5,125 |
| Net income 1 | 2,051 | 2,360 | 2,559 | 4,717 | 3,541 | 3,366 |
| Net margin | 3.83% | 4.11% | 4.28% | 6.79% | 4.96% | 4.51% |
| EPS 2 | 78.41 | 90.22 | 98.09 | 180.9 | 135.7 | 128.9 |
| Free Cash Flow 1 | -199.2 | 2,986 | 2,681 | 4,971 | -1,018 | 3,122 |
| FCF margin | -0.37% | 5.2% | 4.48% | 7.16% | -1.43% | 4.18% |
| FCF Conversion (EBITDA) | - | 56.88% | 50.69% | 61.06% | - | 47.08% |
| FCF Conversion (Net income) | - | 126.51% | 104.76% | 105.38% | - | 92.75% |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 5/14/18 | 5/20/19 | 5/18/20 | 5/17/21 | 5/16/22 | 5/15/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: February | 2020 S1 | 2021 S1 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 34,047 | 39,143 | 40,060 | 16,474 | 14,864 | 24,246 | 17,479 | 41,725 | 17,332 | 15,655 | 26,025 | 17,738 | 43,763 | 17,931 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 3,795 | 6,084 | 4,984 | 701 | - | 3,440 | 823 | 4,263 | 1,042 | -178 | 3,644 | 574 | 4,218 | 705 |
| Operating Margin | 11.15% | 15.54% | 12.44% | 4.26% | - | 14.19% | 4.71% | 10.22% | 6.01% | -1.14% | 14% | 3.24% | 9.64% | 3.93% |
| Earnings before Tax (EBT) 1 | 3,903 | 6,194 | 5,133 | 745 | - | 3,454 | - | 4,297 | 1,105 | - | 3,719 | - | 4,357 | 731 |
| Net income 1 | 2,618 | 4,211 | 3,466 | 467 | - | 2,349 | 536 | 2,885 | 720 | -239 | 2,532 | 388 | 2,920 | 458 |
| Net margin | 7.69% | 10.76% | 8.65% | 2.83% | - | 9.69% | 3.07% | 6.91% | 4.15% | -1.53% | 9.73% | 2.19% | 6.67% | 2.55% |
| EPS 2 | 100.3 | 161.5 | 132.9 | 17.84 | - | 89.99 | - | 110.5 | 27.57 | - | 96.96 | - | 111.8 | 17.52 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | 22.50 | - |
| Announcement Date | 9/24/19 | 9/28/20 | 9/27/21 | 12/27/21 | 4/4/22 | 6/27/22 | 9/26/22 | 9/26/22 | 12/26/22 | 4/3/23 | 6/26/23 | 9/25/23 | 9/25/23 | 12/25/23 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: February | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,715 | - | - | - | - | - |
| Net Cash position 1 | - | 953 | 2,759 | 7,589 | 5,958 | 5,312 |
| Leverage (Debt/EBITDA) | 0.3628 x | - | - | - | - | - |
| Free Cash Flow 1 | -199 | 2,986 | 2,681 | 4,971 | -1,018 | 3,122 |
| ROE (net income / shareholders' equity) | 8.78% | 9.39% | 9.42% | 15.5% | 10.4% | 9.57% |
| ROA (Net income/ Total Assets) | 6.09% | 6.7% | 6.7% | 10.3% | 7.11% | 6.62% |
| Assets 1 | 33,680 | 35,222 | 38,190 | 45,761 | 49,787 | 50,876 |
| Book Value Per Share 2 | 922.0 | 999.0 | 1,082 | 1,246 | 1,353 | 1,340 |
| Cash Flow per Share 2 | 94.50 | 110.0 | 113.0 | 291.0 | 228.0 | 203.0 |
| Capex 1 | 1,030 | 1,188 | 1,128 | 1,349 | 1,933 | 2,063 |
| Capex / Sales | 1.92% | 2.07% | 1.88% | 1.94% | 2.71% | 2.76% |
| Announcement Date | 5/14/18 | 5/20/19 | 5/18/20 | 5/17/21 | 5/16/22 | 5/15/23 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +13.10% | 238M | |
| +40.95% | 17.08B | |
| -12.58% | 4.29B | |
| -8.88% | 2.12B | |
| +6.44% | 506M | |
| -6.47% | 254M | |
| -29.33% | 224M | |
| -20.11% | 163M | |
| -22.54% | 124M | |
| -45.35% | 75.55M |
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