Financials Bando Chemical Industries, Ltd.

Equities

5195

JP3779000003

Industrial Machinery & Equipment

Delayed Japan Exchange 02:00:00 2024-04-26 am EDT 5-day change 1st Jan Change
1,742 JPY 0.00% Intraday chart for Bando Chemical Industries, Ltd. +0.99% +12.31%

Valuation

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 48,676 28,610 34,087 39,246 46,022 75,168 - -
Enterprise Value (EV) 1 41,649 35,590 35,222 34,239 40,821 69,152 70,822 68,884
P/E ratio 8.91 x 42.1 x 8.64 x 32.8 x 8.14 x 11.9 x 11.3 x 10.5 x
Yield 3.02% 5.09% 3.48% 4.53% 4.91% 3.9% 4.39% 4.59%
Capitalization / Revenue 0.52 x 0.32 x 0.42 x 0.42 x 0.44 x 0.7 x 0.67 x 0.64 x
EV / Revenue 0.44 x 0.39 x 0.43 x 0.37 x 0.39 x 0.64 x 0.63 x 0.59 x
EV / EBITDA - - - - - 4.74 x 4.6 x 4.28 x
EV / FCF 22 x 11 x 6.27 x 8.66 x 12.2 x 14.5 x 41.6 x 12.8 x
FCF Yield 4.55% 9.05% 15.9% 11.6% 8.2% 6.87% 2.4% 7.83%
Price to Book 0.72 x 0.45 x 0.48 x 0.54 x 0.59 x 0.93 x 0.89 x 0.85 x
Nbr of stocks (in thousands) 45,878 45,485 45,570 44,446 43,499 43,150 - -
Reference price 2 1,061 629.0 748.0 883.0 1,058 1,742 1,742 1,742
Announcement Date 5/13/19 5/12/20 5/13/21 5/12/22 5/15/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 94,318 90,247 81,371 93,744 103,608 107,700 112,400 117,250
EBITDA 1 - - - - - 14,600 15,400 16,100
EBIT 1 6,815 2,056 4,938 2,665 8,259 8,700 9,400 10,150
Operating Margin 7.23% 2.28% 6.07% 2.84% 7.97% 8.08% 8.36% 8.66%
Earnings before Tax (EBT) 1 7,166 2,095 5,618 3,414 8,542 9,262 9,752 10,494
Net income 1 5,457 682 3,943 1,211 5,722 6,304 6,642 7,182
Net margin 5.79% 0.76% 4.85% 1.29% 5.52% 5.85% 5.91% 6.13%
EPS 2 119.1 14.93 86.57 26.92 130.0 145.8 153.6 166.2
Free Cash Flow 1 1,896 3,221 5,614 3,955 3,346 4,754 1,702 5,395
FCF margin 2.01% 3.57% 6.9% 4.22% 3.23% 4.41% 1.51% 4.6%
FCF Conversion (EBITDA) - - - - - 32.56% 11.05% 33.51%
FCF Conversion (Net income) 34.74% 472.29% 142.38% 326.59% 58.48% 75.42% 25.62% 75.12%
Dividend per Share 2 32.00 32.00 26.00 40.00 52.00 68.00 76.50 80.00
Announcement Date 5/13/19 5/12/20 5/13/21 5/12/22 5/15/23 - - -
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 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2
Net sales 1 46,234 37,116 46,144 23,502 25,647 52,200 26,101 26,553 27,374 53,927 26,773 27,000 54,573
EBITDA - - - - - - - - - - - - -
EBIT 2,854 1,325 4,847 2,171 2,155 3,648 2,353 2,015 - 4,515 2,400 - -
Operating Margin 6.17% 3.57% 10.5% 9.24% 8.4% 6.99% 9.01% 7.59% - 8.37% 8.96% - -
Earnings before Tax (EBT) 2,681 1,415 5,077 2,379 2,854 5,402 1,632 2,718 - 5,408 2,014 - -
Net income 2,122 1,028 3,798 1,725 2,109 3,568 1,037 1,882 - 3,671 1,321 - -
Net margin 4.59% 2.77% 8.23% 7.34% 8.22% 6.84% 3.97% 7.09% - 6.81% 4.93% - -
EPS 46.25 22.59 83.76 38.60 47.46 80.52 23.73 43.28 - 84.40 30.48 - -
Dividend per Share 16.00 6.000 16.00 - - 22.00 - - - 34.00 - - -
Announcement Date 11/11/19 11/11/20 11/10/21 2/9/22 8/10/22 11/9/22 2/8/23 8/9/23 11/9/23 11/9/23 2/9/24 - -
1JPY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 6,980 1,135 - - - - -
Net Cash position 1 7,027 - - 5,007 5,201 6,016 4,346 6,284
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 1,896 3,221 5,614 3,955 3,346 4,754 1,702 5,395
ROE (net income / shareholders' equity) 7.2% 1% 5.9% 1.7% 7.6% 7.95% 8.05% 8.3%
ROA (Net income/ Total Assets) 7.1% - - 2.93% 7.26% 7.5% 8.2% 8.6%
Assets 1 76,834 - - 41,265 78,827 84,047 81,000 83,512
Book Value Per Share 2 1,480 1,399 1,547 1,620 1,785 1,871 1,951 2,040
Cash Flow per Share 2 217.0 146.0 218.0 158.0 264.0 280.0 294.0 305.0
Capex 1 4,706 5,626 4,558 5,636 4,366 6,000 6,050 6,100
Capex / Sales 4.99% 6.23% 5.6% 6.01% 4.21% 5.57% 5.38% 5.2%
Announcement Date 5/13/19 5/12/20 5/13/21 5/12/22 5/15/23 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
1,742 JPY
Average target price
2,350 JPY
Spread / Average Target
+34.90%
Consensus
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