CROPS CORPORATION |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 996 JPY | -4.41% |
|
-2.92% | -13.54% |
| 2023 | Crops Corporation acquired remaining 25% stake in Innovare Holdings PTE.LTD. | CI |
| 2023 | Crops Corporation Reports Earnings Results for the Full Year Ended March 31, 2023 | CI |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 8,762 | 6,488 | 4,482 | 8,313 | 8,910 | 12,389 |
| Enterprise Value (EV) 1 | 8,495 | 5,908 | 1,408 | 4,118 | 3,649 | 8,107 |
| P/E ratio | 16.2 x | 11.4 x | 5.83 x | 9.95 x | 6.03 x | 10.6 x |
| Yield | 1.1% | 1.78% | 3.64% | 1.85% | 2.03% | 1.46% |
| Capitalization / Revenue | 0.23 x | 0.16 x | 0.1 x | 0.2 x | 0.2 x | 0.26 x |
| EV / Revenue | 0.23 x | 0.14 x | 0.03 x | 0.1 x | 0.08 x | 0.17 x |
| EV / EBITDA | 6.82 x | 3.72 x | 0.6 x | 1.45 x | 1.28 x | 3.14 x |
| EV / FCF | 20.7 x | -11.5 x | 0.46 x | 2.45 x | 2.5 x | 9.03 x |
| FCF Yield | 4.84% | -8.67% | 219% | 40.8% | 40% | 11.1% |
| Price to Book | 1.41 x | 0.9 x | 0.59 x | 1.04 x | 0.94 x | 1.23 x |
| Nbr of stocks (in thousands) | 9,597 | 9,597 | 9,597 | 9,036 | 9,036 | 9,036 |
| Reference price 2 | 913.0 | 676.0 | 467.0 | 920.0 | 986.0 | 1,371 |
| Announcement Date | 6/22/18 | 6/20/19 | 6/19/20 | 6/18/21 | 6/17/22 | 6/19/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 37,311 | 41,030 | 42,934 | 41,041 | 45,318 | 48,380 |
| EBITDA 1 | 1,245 | 1,586 | 2,334 | 2,831 | 2,845 | 2,582 |
| EBIT 1 | 1,060 | 1,317 | 2,023 | 2,062 | 2,509 | 2,272 |
| Operating Margin | 2.84% | 3.21% | 4.71% | 5.02% | 5.54% | 4.7% |
| Earnings before Tax (EBT) 1 | 1,045 | 1,192 | 1,755 | 1,903 | 2,624 | 2,376 |
| Net income 1 | 547 | 579 | 769 | 852 | 1,477 | 1,175 |
| Net margin | 1.47% | 1.41% | 1.79% | 2.08% | 3.26% | 2.43% |
| EPS 2 | 56.28 | 59.16 | 80.14 | 92.44 | 163.5 | 129.1 |
| Free Cash Flow 1 | 411 | -512.4 | 3,083 | 1,680 | 1,461 | 897.6 |
| FCF margin | 1.1% | -1.25% | 7.18% | 4.09% | 3.22% | 1.86% |
| FCF Conversion (EBITDA) | 33.01% | - | 132.1% | 59.35% | 51.34% | 34.76% |
| FCF Conversion (Net income) | 75.14% | - | 400.93% | 197.2% | 98.9% | 76.39% |
| Dividend per Share 2 | 10.00 | 12.00 | 17.00 | 17.00 | 20.00 | 20.00 |
| Announcement Date | 6/22/18 | 6/20/19 | 6/19/20 | 6/18/21 | 6/17/22 | 6/19/23 |
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 S1 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 20,844 | 19,310 | 21,320 | 11,445 | 11,563 | 22,524 | 12,550 | 12,594 | 25,955 | 14,155 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 889 | 966 | 1,204 | 521 | 793 | 1,227 | 696 | 512 | 1,075 | 580 |
| Operating Margin | 4.27% | 5% | 5.65% | 4.55% | 6.86% | 5.45% | 5.55% | 4.07% | 4.14% | 4.1% |
| Earnings before Tax (EBT) 1 | 940 | 1,130 | 1,267 | 585 | 819 | 1,289 | 794 | 575 | 1,211 | 633 |
| Net income 1 | 477 | 596 | 660 | 333 | 411 | 632 | 394 | 230 | 601 | 410 |
| Net margin | 2.29% | 3.09% | 3.1% | 2.91% | 3.55% | 2.81% | 3.14% | 1.83% | 2.32% | 2.9% |
| EPS 2 | 49.72 | 63.48 | 73.12 | 36.84 | 45.48 | 70.02 | 43.58 | 24.40 | 63.56 | 43.37 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/5/19 | 11/4/20 | 11/4/21 | 2/4/22 | 8/5/22 | 11/4/22 | 2/3/23 | 8/4/23 | 11/6/23 | 2/5/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 267 | 580 | 3,074 | 4,195 | 5,261 | 4,282 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 411 | -512 | 3,083 | 1,680 | 1,461 | 898 |
| ROE (net income / shareholders' equity) | 9.86% | 10.4% | 12.2% | 12.1% | 17.1% | 13.7% |
| ROA (Net income/ Total Assets) | 3.5% | 3.84% | 5.32% | 5.18% | 6.01% | 4.88% |
| Assets 1 | 15,646 | 15,085 | 14,442 | 16,439 | 24,579 | 24,088 |
| Book Value Per Share 2 | 650.0 | 747.0 | 789.0 | 883.0 | 1,044 | 1,114 |
| Cash Flow per Share 2 | 363.0 | 386.0 | 633.0 | 733.0 | 806.0 | 741.0 |
| Capex 1 | 624 | 593 | 98 | 254 | 468 | 223 |
| Capex / Sales | 1.67% | 1.45% | 0.23% | 0.62% | 1.03% | 0.46% |
| Announcement Date | 6/22/18 | 6/20/19 | 6/19/20 | 6/18/21 | 6/17/22 | 6/19/23 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -13.54% | 59.83M | |
| -23.95% | 1.17B | |
| -14.36% | 1.14B | |
| +8.65% | 744M | |
| -4.23% | 383M | |
| -1.40% | 309M | |
| +0.06% | 208M | |
| 0.00% | 205M | |
| +14.22% | 87.88M | |
| +18.38% | 61.27M |
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