BASE CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,535 JPY | +0.57% |
|
+4.28% | -4.20% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 24,007 | 54,914 | 38,517 | 63,413 | 68,765 | 65,993 | - | - |
| Enterprise Value (EV) 1 | 19,560 | 48,448 | 31,296 | 53,315 | 58,226 | 53,773 | 51,753 | 49,343 |
| P/E ratio | 18.9 x | 31.4 x | 18.1 x | 23.1 x | 19.7 x | 16.9 x | 14 x | 12 x |
| Yield | 1.48% | 0.98% | 1.86% | 2.75% | 2.49% | 2.9% | 3.5% | 4.1% |
| Capitalization / Revenue | 2.47 x | 4.43 x | 2.9 x | 3.72 x | 3.68 x | 3.03 x | 2.59 x | 2.24 x |
| EV / Revenue | 2.01 x | 3.91 x | 2.35 x | 3.13 x | 3.11 x | 2.47 x | 2.03 x | 1.67 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | 16.3 x | 19.1 x | - | - | 28 x | 14.8 x | 11.8 x | 9.51 x |
| FCF Yield | 6.13% | 5.24% | - | - | 3.57% | 6.78% | 8.48% | 10.5% |
| Price to Book | 4.35 x | 8.16 x | 4.6 x | 6.14 x | 5.7 x | 4.67 x | 3.99 x | 3.41 x |
| Nbr of stocks (in thousands) | 17,761 | 17,858 | 17,956 | 18,170 | 18,636 | 18,775 | - | - |
| Reference price 2 | 1,352 | 3,075 | 2,145 | 3,490 | 3,690 | 3,515 | 3,515 | 3,515 |
| Announcement Date | 2/14/20 | 2/12/21 | 2/14/22 | 2/14/23 | 2/14/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,714 | 12,400 | 13,293 | 17,045 | 18,708 | 21,800 | 25,500 | 29,500 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 1,679 | 2,438 | 3,001 | 3,910 | 4,702 | 5,650 | 6,800 | 8,000 |
| Operating Margin | 17.28% | 19.66% | 22.58% | 22.94% | 25.13% | 25.92% | 26.67% | 27.12% |
| Earnings before Tax (EBT) | 1,654 | 2,423 | 3,004 | 3,931 | 4,692 | - | - | - |
| Net income 1 | 1,139 | 1,743 | 2,126 | 2,726 | 3,433 | 3,900 | 4,700 | 5,520 |
| Net margin | 11.73% | 14.06% | 15.99% | 15.99% | 18.35% | 17.89% | 18.43% | 18.71% |
| EPS 2 | 71.63 | 97.87 | 118.7 | 150.9 | 187.6 | 207.8 | 250.4 | 294.1 |
| Free Cash Flow 1 | 1,199 | 2,540 | - | - | 2,081 | 3,645 | 4,390 | 5,190 |
| FCF margin | 12.34% | 20.48% | - | - | 11.12% | 16.72% | 17.22% | 17.59% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | 105.27% | 145.73% | - | - | 60.61% | 93.46% | 93.4% | 94.02% |
| Dividend per Share 2 | 20.00 | 30.00 | 40.00 | 96.00 | 92.00 | 102.0 | 123.0 | 144.0 |
| Announcement Date | 2/14/20 | 2/12/21 | 2/14/22 | 2/14/23 | 2/14/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,139 | 6,276 | 3,324 | 3,927 | 4,124 | 8,051 | 4,493 | 4,501 | 4,700 | 4,465 | 9,165 | 4,622 | 4,921 | 5,050 | 5,300 | 5,600 | 5,850 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 1,325 | 1,437 | 749 | 924 | 935 | 1,859 | 1,091 | 960 | 1,209 | 997 | 2,206 | 1,247 | 1,249 | 1,280 | 1,300 | 1,540 | 1,530 |
| Operating Margin | 21.58% | 22.9% | 22.53% | 23.53% | 22.67% | 23.09% | 24.28% | 21.33% | 25.72% | 22.33% | 24.07% | 26.98% | 25.38% | 25.35% | 24.53% | 27.5% | 26.15% |
| Earnings before Tax (EBT) | 1,319 | 1,444 | 747 | 932 | - | 1,869 | 1,096 | - | 1,216 | - | 2,221 | 1,221 | - | - | - | - | - |
| Net income 1 | 898 | 986 | 509 | 639 | 641 | 1,280 | 752 | 694 | 832 | 689 | 1,521 | 829 | 1,083 | 880 | 890 | 1,060 | 1,070 |
| Net margin | 14.63% | 15.71% | 15.31% | 16.27% | 15.54% | 15.9% | 16.74% | 15.42% | 17.7% | 15.43% | 16.6% | 17.94% | 22.01% | 17.43% | 16.79% | 18.93% | 18.29% |
| EPS | 50.57 | 55.24 | 28.34 | 35.60 | - | 71.22 | 41.46 | - | 45.81 | - | 83.62 | 45.26 | - | - | - | - | - |
| Dividend per Share | 10.00 | 15.00 | - | - | - | 20.00 | - | - | - | - | 40.00 | - | - | - | - | - | - |
| Announcement Date | 8/14/20 | 8/13/21 | 11/12/21 | 5/13/22 | 8/12/22 | 8/12/22 | 11/14/22 | 2/14/23 | 5/15/23 | 8/14/23 | 8/14/23 | 11/14/23 | 2/14/24 | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 4,447 | 6,466 | 7,221 | 10,098 | 10,539 | 12,220 | 14,240 | 16,650 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 1,199 | 2,540 | - | - | 2,081 | 3,645 | 4,390 | 5,190 |
| ROE (net income / shareholders' equity) | 26.3% | 28.5% | 28.2% | 29.2% | 30.5% | - | - | - |
| ROA (Net income/ Total Assets) | - | 25.1% | 27.7% | 30.2% | 30.4% | - | - | - |
| Assets 1 | - | 6,956 | 7,688 | 9,015 | 11,298 | - | - | - |
| Book Value Per Share 2 | 311.0 | 377.0 | 466.0 | 568.0 | 647.0 | 753.0 | 881.0 | 1,031 |
| Cash Flow per Share | 72.50 | 98.50 | 120.0 | 153.0 | 189.0 | - | - | - |
| Capex 1 | 15 | 17 | 61 | 18 | 37.6 | 30 | 30 | 30 |
| Capex / Sales | 0.15% | 0.14% | 0.46% | 0.11% | 0.2% | 0.14% | 0.12% | 0.1% |
| Announcement Date | 2/14/20 | 2/12/21 | 2/14/22 | 2/14/23 | 2/14/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
3,515
JPY
Average target price
5,400
JPY
Spread / Average Target
+53.63%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -4.20% | 419M | |
| +2.47% | 5.71B | |
| +34.35% | 1.39B | |
| -24.97% | 642M | |
| -9.44% | 457M | |
| +10.38% | 348M | |
| -6.17% | 296M | |
| -34.01% | 226M | |
| +8.23% | 206M | |
| +8.05% | 189M |
- Stock Market
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- 4481 Stock
- Financials Base Co., Ltd.
