DESCENTE LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,565 JPY | -0.97% |
|
+3.18% | -4.17% |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 218,684 | 95,802 | 142,009 | 233,609 | 312,587 | 269,284 | - | - |
| Enterprise Value (EV) 1 | 195,340 | 82,652 | 125,324 | 201,172 | 276,230 | 223,084 | 214,884 | 206,384 |
| P/E ratio | 55.4 x | -38.6 x | 28.2 x | 37.5 x | 29.6 x | 23.5 x | 18.9 x | 16.7 x |
| Yield | 0.9% | - | - | 0.81% | 0.97% | 1.3% | 1.57% | 1.73% |
| Capitalization / Revenue | 1.54 x | 0.77 x | 1.47 x | 2.15 x | 2.59 x | 2.16 x | 2.06 x | 1.94 x |
| EV / Revenue | 1.37 x | 0.66 x | 1.29 x | 1.85 x | 2.29 x | 1.79 x | 1.64 x | 1.49 x |
| EV / EBITDA | - | - | - | - | 22.2 x | 13.4 x | 15.9 x | 14.7 x |
| EV / FCF | 47.8 x | -68.8 x | 192 x | - | 56.5 x | 21.3 x | 17.5 x | 15.1 x |
| FCF Yield | 2.09% | -1.45% | 0.52% | - | 1.77% | 4.69% | 5.72% | 6.6% |
| Price to Book | 2.79 x | 1.33 x | 1.82 x | 2.7 x | 3.14 x | 2.51 x | 2.29 x | 2.09 x |
| Nbr of stocks (in thousands) | 75,408 | 75,434 | 75,457 | 75,480 | 75,504 | 75,535 | - | - |
| Reference price 2 | 2,900 | 1,270 | 1,882 | 3,095 | 4,140 | 3,565 | 3,565 | 3,565 |
| Announcement Date | 5/13/19 | 5/22/20 | 5/14/21 | 5/12/22 | 5/15/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 142,443 | 124,561 | 96,862 | 108,892 | 120,614 | 124,567 | 130,667 | 138,550 |
| EBITDA 1 | - | - | - | - | 12,443 | 16,650 | 13,550 | 14,000 |
| EBIT 1 | 7,935 | 379 | -1,806 | 5,138 | 7,793 | 10,600 | 8,833 | 9,750 |
| Operating Margin | 5.57% | 0.3% | -1.86% | 4.72% | 6.46% | 8.51% | 6.76% | 7.04% |
| Earnings before Tax (EBT) 1 | 5,683 | -1,184 | 5,565 | 9,300 | 12,971 | 15,115 | 18,055 | 20,510 |
| Net income 1 | 3,944 | -2,481 | 5,039 | 6,229 | 10,550 | 11,445 | 14,194 | 16,102 |
| Net margin | 2.77% | -1.99% | 5.2% | 5.72% | 8.75% | 9.19% | 10.86% | 11.62% |
| EPS 2 | 52.31 | -32.90 | 66.80 | 82.54 | 139.7 | 151.6 | 188.2 | 213.4 |
| Free Cash Flow 1 | 4,084 | -1,201 | 654 | - | 4,893 | 10,466 | 12,281 | 13,625 |
| FCF margin | 2.87% | -0.96% | 0.68% | - | 4.06% | 8.4% | 9.4% | 9.83% |
| FCF Conversion (EBITDA) | - | - | - | - | 39.32% | 62.86% | 90.63% | 97.32% |
| FCF Conversion (Net income) | 103.55% | - | 12.98% | - | 46.38% | 91.44% | 86.52% | 84.62% |
| Dividend per Share 2 | 26.00 | - | - | 25.00 | 40.00 | 46.33 | 56.00 | 61.50 |
| Announcement Date | 5/13/19 | 5/22/20 | 5/14/21 | 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 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 65,926 | 42,897 | 49,926 | 26,755 | 26,425 | 30,785 | 57,210 | 28,889 | 34,515 | 27,162 | 32,823 | 59,985 | 30,115 | 34,473 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 2,638 | -2,449 | 2,714 | 1,666 | 2,531 | 2,364 | 4,895 | 2,405 | 493 | 1,951 | 2,200 | 4,151 | 2,283 | 1,768 |
| Operating Margin | 4% | -5.71% | 5.44% | 6.23% | 9.58% | 7.68% | 8.56% | 8.32% | 1.43% | 7.18% | 6.7% | 6.92% | 7.58% | 5.13% |
| Earnings before Tax (EBT) | 2,906 | -1,739 | 3,992 | 3,647 | 3,469 | - | 6,867 | 5,710 | - | 4,308 | - | 7,704 | 3,600 | - |
| Net income 1 | 2,210 | -1,265 | 2,487 | 2,465 | 2,353 | - | 5,132 | 5,040 | 378 | 3,191 | 2,481 | 5,672 | 2,672 | 3,008 |
| Net margin | 3.35% | -2.95% | 4.98% | 9.21% | 8.9% | - | 8.97% | 17.45% | 1.1% | 11.75% | 7.56% | 9.46% | 8.87% | 8.73% |
| EPS | 29.31 | -16.78 | 32.97 | 32.65 | 31.18 | - | 68.00 | 66.74 | - | 42.28 | - | 75.11 | 35.38 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/6/19 | 11/6/20 | 11/5/21 | 2/7/22 | 8/8/22 | 11/7/22 | 11/7/22 | 2/6/23 | 5/15/23 | 8/10/23 | 11/7/23 | 11/7/23 | 2/5/24 | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 23,344 | 13,150 | 16,685 | 32,437 | 36,357 | 46,200 | 54,400 | 62,900 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 4,084 | -1,201 | 654 | - | 4,893 | 10,466 | 12,281 | 13,625 |
| ROE (net income / shareholders' equity) | 5% | -3.3% | 6.7% | 7.6% | 11.3% | 11% | 12.6% | 13.1% |
| ROA (Net income/ Total Assets) | 7.24% | 0.41% | -0.54% | 6.74% | 9.33% | 7.9% | 8.9% | 9.6% |
| Assets 1 | 54,461 | -610,077 | -933,996 | 92,480 | 113,033 | 144,878 | 159,483 | 167,724 |
| Book Value Per Share 2 | 1,040 | 957.0 | 1,033 | 1,148 | 1,320 | 1,423 | 1,554 | 1,706 |
| Cash Flow per Share 2 | 102.0 | 50.20 | 136.0 | 142.0 | 200.0 | 216.0 | 263.0 | 290.0 |
| Capex 1 | 7,053 | 3,572 | 1,739 | 1,683 | 5,007 | 2,700 | 3,200 | 3,450 |
| Capex / Sales | 4.95% | 2.87% | 1.8% | 1.55% | 4.15% | 2.17% | 2.45% | 2.49% |
| Announcement Date | 5/13/19 | 5/22/20 | 5/14/21 | 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
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
3,565
JPY
Average target price
5,317
JPY
Spread / Average Target
+49.14%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -4.17% | 1.73B | |
| -7.74% | 2.65B | |
| -5.84% | 2.35B | |
| -15.79% | 1.22B | |
| +9.23% | 715M | |
| +1.07% | 155M | |
| -0.83% | 127M |
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- Financials Descente Ltd.
