BANDAI NAMCO HOLDINGS INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,929 JPY | -0.32% |
|
+3.08% | +3.63% |
| Apr. 03 | Japanese Toymaker Bandai Plans Global Expansion Amid Capsule Toy Boom | MT |
| Mar. 22 | World's first 'Dragon Ball' theme park to be build in Saudi Arabia | RE |
Valuation
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,140,714 | 1,151,322 | 1,733,874 | 2,041,609 | 1,880,154 | 1,933,686 | - | - |
| Enterprise Value (EV) 1 | 926,863 | 961,466 | 1,529,548 | 1,783,254 | 1,610,698 | 1,653,263 | 1,617,492 | 1,581,055 |
| P/E ratio | 18 x | 20 x | 35.5 x | 22 x | 20.8 x | 22.6 x | 19.4 x | 18.1 x |
| Yield | 2.79% | 2.52% | 1.42% | 2.28% | 2.41% | 2.22% | 2.58% | 2.78% |
| Capitalization / Revenue | 1.56 x | 1.59 x | 2.34 x | 2.3 x | 1.9 x | 1.89 x | 1.8 x | 1.73 x |
| EV / Revenue | 1.27 x | 1.33 x | 2.06 x | 2.01 x | 1.63 x | 1.61 x | 1.5 x | 1.42 x |
| EV / EBITDA | 8.79 x | 9.36 x | 13.7 x | 11.8 x | 11.1 x | 12.9 x | 9.55 x | 8.79 x |
| EV / FCF | 18.2 x | 98.9 x | 49.8 x | 19 x | 29.4 x | 21.9 x | 19.1 x | 17.2 x |
| FCF Yield | 5.48% | 1.01% | 2.01% | 5.28% | 3.4% | 4.56% | 5.23% | 5.81% |
| Price to Book | 2.66 x | 2.56 x | 3.4 x | 3.5 x | 2.88 x | 2.89 x | 2.71 x | 2.53 x |
| Nbr of stocks (in thousands) | 659,372 | 659,028 | 659,017 | 659,151 | 660,051 | 660,186 | - | - |
| Reference price 2 | 1,730 | 1,747 | 2,631 | 3,097 | 2,848 | 2,929 | 2,929 | 2,929 |
| Announcement Date | 5/9/19 | 5/20/20 | 5/11/21 | 5/11/22 | 5/10/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 732,347 | 723,989 | 740,903 | 889,270 | 990,089 | 1,024,896 | 1,075,887 | 1,116,217 |
| EBITDA 1 | 105,415 | 102,681 | 111,647 | 151,222 | 145,143 | 127,862 | 169,427 | 179,784 |
| EBIT 1 | 84,045 | 78,775 | 84,654 | 125,496 | 116,472 | 96,905 | 136,897 | 146,616 |
| Operating Margin | 11.48% | 10.88% | 11.43% | 14.11% | 11.76% | 9.46% | 12.72% | 13.14% |
| Earnings before Tax (EBT) 1 | 86,838 | 78,753 | 71,940 | 130,882 | 126,215 | 119,443 | 139,611 | 147,177 |
| Net income 1 | 63,383 | 57,665 | 48,894 | 92,752 | 90,345 | 85,591 | 99,602 | 106,659 |
| Net margin | 8.65% | 7.96% | 6.6% | 10.43% | 9.12% | 8.35% | 9.26% | 9.56% |
| EPS 2 | 96.13 | 87.46 | 74.19 | 140.7 | 136.9 | 129.6 | 151.0 | 161.7 |
| Free Cash Flow 1 | 50,795 | 9,725 | 30,712 | 94,076 | 54,747 | 75,366 | 84,568 | 91,912 |
| FCF margin | 6.94% | 1.34% | 4.15% | 10.58% | 5.53% | 7.35% | 7.86% | 8.23% |
| FCF Conversion (EBITDA) | 48.19% | 9.47% | 27.51% | 62.21% | 37.72% | 58.94% | 49.91% | 51.12% |
| FCF Conversion (Net income) | 80.14% | 16.86% | 62.81% | 101.43% | 60.6% | 88.05% | 84.91% | 86.17% |
| Dividend per Share 2 | 48.33 | 44.00 | 37.33 | 70.67 | 68.67 | 64.97 | 75.56 | 81.52 |
| Announcement Date | 5/9/19 | 5/20/20 | 5/11/21 | 5/11/22 | 5/10/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: März | 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 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 349,327 | 374,662 | 337,122 | 403,781 | 215,597 | 393,646 | 234,665 | 260,959 | 495,624 | 216,241 | 261,379 | 477,620 | 265,567 | 246,902 | 512,469 | 224,812 | 277,190 | 502,002 | 270,033 | 253,995 | 251,658 | 283,264 | 296,713 | 252,616 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 47,941 | 30,834 | 45,930 | 38,724 | 34,730 | 61,751 | 30,402 | 33,343 | 63,745 | 44,393 | 37,214 | 81,607 | 24,596 | 10,269 | 34,865 | 27,989 | 37,490 | 65,479 | 12,803 | 13,142 | 37,489 | 44,554 | 36,861 | 13,546 |
| Operating Margin | 13.72% | 8.23% | 13.62% | 9.59% | 16.11% | 15.69% | 12.96% | 12.78% | 12.86% | 20.53% | 14.24% | 17.09% | 9.26% | 4.16% | 6.8% | 12.45% | 13.53% | 13.04% | 4.74% | 5.17% | 14.9% | 15.73% | 12.42% | 5.36% |
| Earnings before Tax (EBT) 1 | 48,542 | - | 45,059 | - | - | 64,836 | 30,506 | 35,540 | - | 51,195 | 41,066 | 92,261 | 24,443 | 9,511 | - | 32,382 | 41,622 | 74,004 | 14,543 | 30,500 | - | - | - | - |
| Net income 1 | 34,607 | 23,058 | 31,715 | 17,179 | 18,610 | 39,527 | 22,176 | 31,049 | 53,225 | 37,019 | 29,538 | 66,557 | 17,887 | 5,901 | 23,788 | 21,786 | 30,381 | 52,167 | 8,231 | 26,403 | 29,800 | 27,500 | 27,500 | 8,600 |
| Net margin | 9.91% | 6.15% | 9.41% | 4.25% | 8.63% | 10.04% | 9.45% | 11.9% | 10.74% | 17.12% | 11.3% | 13.94% | 6.74% | 2.39% | 4.64% | 9.69% | 10.96% | 10.39% | 3.05% | 10.39% | 11.84% | 9.71% | 9.27% | 3.4% |
| EPS 2 | 52.48 | - | 48.13 | - | 28.23 | 59.97 | 33.64 | 47.08 | - | 56.10 | 44.75 | 100.8 | 27.10 | 8.933 | - | 33.01 | 46.02 | 79.03 | 12.46 | 28.00 | - | - | - | - |
| Dividend per Share 2 | 6.667 | - | 7.000 | - | 8.000 | 8.000 | - | 62.67 | - | - | 9.000 | 9.000 | - | 59.67 | - | - | 10.00 | 10.00 | - | 52.35 | - | 15.00 | - | 64.12 |
| Announcement Date | 11/7/19 | 5/20/20 | 11/6/20 | 5/11/21 | 11/9/21 | 11/9/21 | 2/8/22 | 5/11/22 | 5/11/22 | 8/5/22 | 11/10/22 | 11/10/22 | 2/7/23 | 5/10/23 | 5/10/23 | 8/8/23 | 11/7/23 | 11/7/23 | 2/14/24 | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 213,851 | 189,856 | 204,326 | 258,355 | 269,456 | 280,422 | 316,194 | 352,631 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 50,795 | 9,725 | 30,712 | 94,076 | 54,747 | 75,366 | 84,568 | 91,912 |
| ROE (net income / shareholders' equity) | 15.5% | 13.1% | 10.2% | 16.9% | 14.6% | 12.9% | 14.5% | 14.3% |
| ROA (Net income/ Total Assets) | 15.1% | 9.36% | 7.23% | 16.7% | 14.3% | 9.56% | 10.9% | 10.8% |
| Assets 1 | 420,828 | 616,079 | 676,303 | 553,782 | 631,329 | 895,519 | 910,312 | 987,582 |
| Book Value Per Share 2 | 651.0 | 682.0 | 775.0 | 885.0 | 988.0 | 1,014 | 1,081 | 1,159 |
| Cash Flow per Share 2 | 129.0 | 123.0 | 112.0 | 180.0 | 180.0 | 135.0 | 182.0 | 183.0 |
| Capex 1 | 29,016 | 33,406 | 31,507 | 36,554 | 45,737 | 35,143 | 35,843 | 36,543 |
| Capex / Sales | 3.96% | 4.61% | 4.25% | 4.11% | 4.62% | 3.43% | 3.33% | 3.27% |
| Announcement Date | 5/9/19 | 5/20/20 | 5/11/21 | 5/11/22 | 5/10/23 | - | - | - |
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
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
2,929
JPY
Average target price
3,392
JPY
Spread / Average Target
+15.80%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +3.63% | 12.28B | |
| -2.75% | 6.32B | |
| -2.74% | 3.94B | |
| -13.08% | 2.3B | |
| -24.91% | 1.34B | |
| -0.59% | 615M | |
| +20.26% | 406M | |
| -19.79% | 318M | |
| +8.33% | 245M | |
| -46.33% | 206M |
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