COCA-COLA BOTTLERS JAPAN HOLDINGS INC. Financials Coca-Cola Bottlers Japan Holdings Inc.
Equities
2579
JP3293200006
Non-Alcoholic Beverages
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,193 JPY | +1.08% |
|
+3.15% | +8.32% |
| Feb. 15 | Transcript : Coca-Cola Bottlers Japan Holdings Inc., 2023 Earnings Call, Feb 15, 2024 | |
| Feb. 14 | Coca-Cola Bottlers Japan Returns to Profit in Fiscal 2023 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 500,574 | 288,573 | 236,735 | 257,713 | 363,261 | 393,495 | - | - |
| Enterprise Value (EV) 1 | 592,497 | 443,786 | 340,362 | 353,608 | 430,998 | 437,869 | 407,229 | 379,595 |
| P/E ratio | -8.66 x | -61.2 x | -94.6 x | -31.9 x | 194 x | 47 x | 25.5 x | 21.7 x |
| Yield | 1.79% | 1.55% | 3.79% | 3.48% | 2.47% | 2.28% | 2.34% | 2.43% |
| Capitalization / Revenue | 0.55 x | 0.36 x | 0.3 x | 0.32 x | 0.42 x | 0.44 x | 0.43 x | 0.43 x |
| EV / Revenue | 0.65 x | 0.56 x | 0.43 x | 0.44 x | 0.5 x | 0.49 x | 0.45 x | 0.41 x |
| EV / EBITDA | 379 x | 9.27 x | 9.41 x | 10.3 x | 8.64 x | 7.35 x | 5.86 x | 5.28 x |
| EV / FCF | -23.1 x | -20.4 x | 16.4 x | 18 x | 9.62 x | 26.3 x | 16.5 x | 13.1 x |
| FCF Yield | -4.33% | -4.91% | 6.08% | 5.55% | 10.4% | 3.8% | 6.05% | 7.64% |
| Price to Book | 0.99 x | 0.58 x | 0.48 x | 0.54 x | 0.77 x | 0.82 x | 0.81 x | 0.79 x |
| Nbr of stocks (in thousands) | 179,353 | 179,349 | 179,345 | 179,341 | 179,432 | 179,432 | - | - |
| Reference price 2 | 2,791 | 1,609 | 1,320 | 1,437 | 2,024 | 2,193 | 2,193 | 2,193 |
| Announcement Date | 2/13/20 | 2/10/21 | 2/10/22 | 2/9/23 | 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 | 914,783 | 791,956 | 785,837 | 807,430 | 868,581 | 890,626 | 908,935 | 915,348 |
| EBITDA 1 | 1,562 | 47,861 | 36,189 | 34,273 | 49,901 | 59,590 | 69,482 | 71,933 |
| EBIT 1 | -55,389 | -11,722 | -20,971 | -11,513 | 3,441 | 13,832 | 24,637 | 28,845 |
| Operating Margin | -6.05% | -1.48% | -2.67% | -1.43% | 0.4% | 1.55% | 2.71% | 3.15% |
| Earnings before Tax (EBT) 1 | -55,419 | -12,065 | -21,683 | -12,491 | 3,224 | 13,484 | 24,324 | 28,483 |
| Net income 1 | -57,952 | -4,715 | -2,503 | -8,070 | 1,871 | 8,366 | 15,441 | 18,121 |
| Net margin | -6.34% | -0.6% | -0.32% | -1% | 0.22% | 0.94% | 1.7% | 1.98% |
| EPS 2 | -322.2 | -26.29 | -13.96 | -45.00 | 10.43 | 46.63 | 86.08 | 101.2 |
| Free Cash Flow 1 | -25,679 | -21,805 | 20,711 | 19,627 | 44,815 | 16,651 | 24,623 | 29,000 |
| FCF margin | -2.81% | -2.75% | 2.64% | 2.43% | 5.16% | 1.87% | 2.71% | 3.17% |
| FCF Conversion (EBITDA) | - | - | 57.23% | 57.27% | 89.81% | 27.94% | 35.44% | 40.32% |
| FCF Conversion (Net income) | - | - | - | - | 2,395.24% | 199.04% | 159.47% | 160.04% |
| Dividend per Share 2 | 50.00 | 25.00 | 50.00 | 50.00 | 50.00 | 50.00 | 51.25 | 53.33 |
| Announcement Date | 2/13/20 | 2/10/21 | 2/10/22 | 2/9/23 | 2/14/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2021 S2 | 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 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 386,679 | - | 369,309 | 220,222 | 196,306 | - | 168,853 | 207,095 | 375,948 | 236,373 | 195,109 | 182,063 | 222,046 | 404,109 | 259,715 | 204,757 | 189,457 | 228,640 | 265,196 | 209,475 | - |
| EBITDA | - | - | - | - | 12,463 | 13,084 | - | - | 6,604 | - | 18,904 | 7,076 | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | -13,110 | - | -18,250 | -1,728 | -993 | - | -9,670 | -4,761 | -14,431 | 7,378 | -4,460 | -9,160 | 2,631 | -6,529 | 12,650 | -2,680 | -3,100 | 6,100 | 12,000 | -1,500 | - |
| Operating Margin | - | -3.39% | - | -4.94% | -0.78% | -0.51% | - | -5.73% | -2.3% | -3.84% | 3.12% | -2.29% | -5.03% | 1.18% | -1.62% | 4.87% | -1.31% | -1.64% | 2.67% | 4.52% | -0.72% | - |
| Earnings before Tax (EBT) | - | -13,245 | - | -18,475 | -1,920 | -1,288 | - | -10,031 | -5,090 | -15,121 | 7,174 | -4,544 | -9,151 | 2,571 | -6,580 | 12,527 | - | - | - | - | - | - |
| Net income 1 | - | -6,452 | - | -354 | -1,181 | -968 | - | -6,568 | -3,331 | -9,899 | 4,705 | -2,876 | -6,459 | 2,512 | -3,947 | 7,808 | -1,990 | -3,228 | 3,053 | 8,966 | 959.1 | - |
| Net margin | - | -1.67% | - | -0.1% | -0.54% | -0.49% | - | -3.89% | -1.61% | -2.63% | 1.99% | -1.47% | -3.55% | 1.13% | -0.98% | 3.01% | -0.97% | -1.7% | 1.34% | 3.38% | 0.46% | - |
| EPS 2 | - | -35.97 | - | -1.980 | -6.580 | -5.400 | - | -36.62 | -18.58 | -55.20 | 26.24 | -16.04 | -36.02 | 14.01 | -22.01 | 43.54 | -11.10 | -17.99 | 17.02 | 49.97 | 5.346 | - |
| Dividend per Share 2 | 25.00 | - | 25.00 | 25.00 | - | - | 25.00 | - | - | 25.00 | - | - | - | - | 25.00 | - | 25.00 | - | 25.00 | - | 25.00 | - |
| Announcement Date | 2/13/20 | 8/12/20 | 2/10/21 | 8/11/21 | 11/11/21 | 2/10/22 | 2/10/22 | 5/12/22 | 8/10/22 | 8/10/22 | 11/10/22 | 2/9/23 | 5/12/23 | 8/9/23 | 8/9/23 | 11/9/23 | 2/14/24 | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 91,923 | 155,213 | 103,627 | 95,895 | 67,737 | 44,374 | 13,733 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 13,900 |
| Leverage (Debt/EBITDA) | 58.85 x | 3.243 x | 2.863 x | 2.798 x | 1.357 x | 0.7446 x | 0.1977 x | - |
| Free Cash Flow 1 | -25,679 | -21,805 | 20,711 | 19,627 | 44,815 | 16,651 | 24,623 | 29,000 |
| ROE (net income / shareholders' equity) | -10.7% | -0.9% | -0.5% | -1.7% | 0.4% | 1.75% | 3.03% | 3.81% |
| ROA (Net income/ Total Assets) | -6.06% | -1.28% | -2.4% | -1.47% | 0.39% | 1.01% | 1.88% | 2.65% |
| Assets 1 | 956,777 | 369,705 | 104,280 | 547,167 | 485,029 | 826,886 | 819,303 | 683,811 |
| Book Value Per Share 2 | 2,821 | 2,797 | 2,745 | 2,655 | 2,618 | 2,665 | 2,714 | 2,772 |
| Cash Flow per Share 2 | 237.0 | 306.0 | 305.0 | 210.0 | 269.0 | 315.0 | 346.0 | - |
| Capex 1 | 78,213 | 65,521 | 39,263 | 42,540 | 31,624 | 33,600 | 34,250 | 34,250 |
| Capex / Sales | 8.55% | 8.27% | 5% | 5.27% | 3.64% | 3.77% | 3.77% | 3.74% |
| Announcement Date | 2/13/20 | 2/10/21 | 2/10/22 | 2/9/23 | 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
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
2,193
JPY
Average target price
2,412
JPY
Spread / Average Target
+10.01%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +8.32% | 2.5B | |
| +3.38% | 241B | |
| +5.25% | 20.93B | |
| -.--% | 12.72B | |
| -3.18% | 1.73B | |
| +10.33% | 782M | |
| +36.79% | 186M |
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- Financials Coca-Cola Bottlers Japan Holdings Inc.
