FERROTEC HOLDINGS CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,020 JPY | +2.37% |
|
+9.22% | +13.62% |
| Feb. 22 | Solid Automotive Closes MYR48 Million Sale of Leasehold Land | MT |
| Jan. 16 | Ferrotec Holdings Corporation Announces Opening of New Manufacturing Facility in Kedah | CI |
Valuation
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 40,925 | 20,525 | 82,174 | 122,550 | 155,744 | 141,977 | - | - |
| Enterprise Value (EV) 1 | 70,875 | 74,496 | 99,600 | 109,491 | 124,891 | 165,907 | 159,511 | 160,484 |
| P/E ratio | 14.4 x | 11.5 x | 9.91 x | 4.12 x | 5.15 x | 9.44 x | 8.51 x | 6.66 x |
| Yield | 2.17% | 4.34% | 1.36% | 1.82% | 3.16% | 3.31% | 3.54% | 3.86% |
| Capitalization / Revenue | 0.46 x | 0.25 x | 0.9 x | 0.92 x | 0.74 x | 0.65 x | 0.59 x | 0.5 x |
| EV / Revenue | 0.79 x | 0.91 x | 1.09 x | 0.82 x | 0.59 x | 0.76 x | 0.67 x | 0.56 x |
| EV / EBITDA | 4.88 x | 5.42 x | 5.57 x | 3.57 x | 2.62 x | 3.76 x | 2.89 x | 2.32 x |
| EV / FCF | -2.77 x | -2.98 x | -13 x | -9.47 x | -4.85 x | -6.64 x | -33.2 x | 89.2 x |
| FCF Yield | -36.1% | -33.6% | -7.72% | -10.6% | -20.6% | -15.1% | -3.01% | 1.12% |
| Price to Book | 0.83 x | 0.42 x | 1.23 x | 0.94 x | 0.85 x | 0.71 x | 0.67 x | 0.62 x |
| Nbr of stocks (in thousands) | 37,003 | 37,116 | 37,200 | 44,548 | 46,911 | 47,012 | - | - |
| Reference price 2 | 1,106 | 553.0 | 2,209 | 2,751 | 3,320 | 3,020 | 3,020 | 3,020 |
| Announcement Date | 5/15/19 | 6/16/20 | 5/14/21 | 5/16/22 | 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 | 89,478 | 81,613 | 91,312 | 133,821 | 210,810 | 219,646 | 239,841 | 286,691 |
| EBITDA 1 | 14,538 | 13,756 | 17,886 | 30,685 | 47,660 | 44,066 | 55,254 | 69,268 |
| EBIT 1 | 8,782 | 6,012 | 9,640 | 22,600 | 35,042 | 25,334 | 28,910 | 37,047 |
| Operating Margin | 9.81% | 7.37% | 10.56% | 16.89% | 16.62% | 11.53% | 12.05% | 12.92% |
| Earnings before Tax (EBT) 1 | 5,642 | 3,540 | 10,378 | 33,648 | 42,041 | 30,142 | 34,441 | 41,683 |
| Net income 1 | 2,845 | 1,784 | 8,280 | 26,659 | 29,702 | 15,434 | 15,239 | 22,780 |
| Net margin | 3.18% | 2.19% | 9.07% | 19.92% | 14.09% | 7.03% | 6.35% | 7.95% |
| EPS 2 | 76.90 | 48.12 | 222.9 | 668.1 | 644.8 | 319.9 | 354.8 | 453.4 |
| Free Cash Flow 1 | -25,597 | -25,017 | -7,684 | -11,566 | -25,736 | -25,000 | -4,800 | 1,800 |
| FCF margin | -28.61% | -30.65% | -8.42% | -8.64% | -12.21% | -11.38% | -2% | 0.63% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | 2.6% |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | 7.9% |
| Dividend per Share 2 | 24.00 | 24.00 | 30.00 | 50.00 | 105.0 | 100.0 | 107.1 | 116.7 |
| Announcement Date | 5/15/19 | 6/16/20 | 5/14/21 | 5/16/22 | 5/15/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 41,849 | 39,764 | 41,595 | 49,717 | 32,167 | 59,826 | 34,155 | 39,840 | 73,995 | 43,386 | 54,119 | 97,505 | 58,185 | 55,120 | 113,305 | 52,261 | 53,233 | 105,494 | 62,772 | 54,870 | 114,506 | 56,000 | 57,000 | 113,000 | 60,000 | 63,000 | 123,000 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 3,566 | 2,446 | 3,913 | 4,817 | 5,916 | 10,733 | 5,451 | 6,416 | 11,867 | 7,791 | 9,270 | 17,061 | 9,682 | 8,299 | 17,981 | 7,113 | 5,922 | 13,035 | 7,891 | 4,074 | 11,965 | 6,600 | 6,600 | 13,200 | 7,200 | 8,400 | 15,600 |
| Operating Margin | 8.52% | 6.15% | 9.41% | 9.69% | 18.39% | 17.94% | 15.96% | 16.1% | 16.04% | 17.96% | 17.13% | 17.5% | 16.64% | 15.06% | 15.87% | 13.61% | 11.12% | 12.36% | 12.57% | 7.42% | 10.45% | 11.79% | 11.58% | 11.68% | 12% | 13.33% | 12.68% |
| Earnings before Tax (EBT) | 2,526 | 1,014 | 1,745 | 8,633 | 9,926 | 20,670 | 5,689 | 7,289 | 12,978 | 10,431 | 13,177 | 23,608 | 11,411 | 7,022 | 18,433 | 7,152 | 7,595 | 14,747 | 8,561 | - | - | - | - | - | - | - | - |
| Net income 1 | 1,539 | 245 | 70 | 7,301 | 8,190 | 17,268 | 4,177 | 5,214 | 9,391 | 7,355 | 8,624 | 15,979 | 7,758 | 5,965 | 13,723 | 4,346 | 4,044 | 8,390 | 5,074 | 2,232 | 6,704 | 3,882 | 4,174 | 8,056 | 4,314 | 4,885 | 9,199 |
| Net margin | 3.68% | 0.62% | 0.17% | 14.69% | 25.46% | 28.86% | 12.23% | 13.09% | 12.69% | 16.95% | 15.94% | 16.39% | 13.33% | 10.82% | 12.11% | 8.32% | 7.6% | 7.95% | 8.08% | 4.07% | 5.85% | 6.93% | 7.32% | 7.13% | 7.19% | 7.75% | 7.48% |
| EPS 2 | 41.54 | 6.580 | 1.910 | 196.5 | 216.7 | 460.6 | 97.85 | 109.6 | 207.5 | 164.8 | 188.1 | 352.9 | 165.3 | 126.6 | 291.9 | 92.64 | 86.14 | 178.8 | 108.0 | 62.30 | 144.7 | 82.60 | 88.80 | 171.5 | 91.80 | 104.0 | 195.8 |
| Dividend per Share 2 | 12.00 | 12.00 | 12.00 | 18.00 | 23.00 | 23.00 | - | 27.00 | 27.00 | - | 50.00 | 50.00 | - | 55.00 | 55.00 | - | 50.00 | 50.00 | - | 50.00 | 50.00 | - | 55.00 | 55.00 | - | 55.00 | 55.00 |
| Announcement Date | 11/14/19 | 6/16/20 | 11/13/20 | 5/14/21 | 11/12/21 | 11/12/21 | 2/14/22 | 5/16/22 | 5/16/22 | 8/12/22 | 11/14/22 | 11/14/22 | 2/14/23 | 5/15/23 | 5/15/23 | 8/14/23 | 11/14/23 | 11/14/23 | 2/14/24 | - | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 29,950 | 53,970 | 17,426 | - | - | 23,930 | 17,534 | 18,507 |
| Net Cash position 1 | - | - | - | 13,059 | 30,853 | - | - | - |
| Leverage (Debt/EBITDA) | 2.06 x | 3.923 x | 0.9743 x | - | - | 0.5431 x | 0.3173 x | 0.2672 x |
| Free Cash Flow 1 | -25,597 | -25,017 | -7,684 | -11,566 | -25,736 | -25,000 | -4,800 | 1,800 |
| ROE (net income / shareholders' equity) | 5.7% | 3.6% | 14.3% | 26.9% | 18.9% | 8.76% | 8.78% | 10.7% |
| ROA (Net income/ Total Assets) | 5.73% | 2.42% | 3.99% | 11.8% | 12.6% | 6.24% | 7.72% | 8.7% |
| Assets 1 | 49,691 | 73,808 | 207,764 | 226,634 | 236,305 | 247,492 | 197,345 | 261,722 |
| Book Value Per Share 2 | 1,337 | 1,304 | 1,803 | 2,941 | 3,916 | 4,233 | 4,510 | 4,901 |
| Cash Flow per Share 2 | 232.0 | 253.0 | 469.0 | 871.0 | 919.0 | 801.0 | 1,134 | 1,391 |
| Capex 1 | 35,953 | 33,920 | 14,175 | 33,585 | 56,001 | 86,000 | 48,600 | 49,000 |
| Capex / Sales | 40.18% | 41.56% | 15.52% | 25.1% | 26.56% | 39.15% | 20.26% | 17.09% |
| Announcement Date | 5/15/19 | 6/16/20 | 5/14/21 | 5/16/22 | 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
4
Last Close Price
3,020
JPY
Average target price
4,600
JPY
Spread / Average Target
+52.32%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +13.62% | 885M | |
| +13.17% | 108B | |
| -3.47% | 29.6B | |
| +11.79% | 22.08B | |
| -14.11% | 18.16B | |
| -6.10% | 17.33B | |
| +14.93% | 15.42B | |
| -5.11% | 12.3B | |
| -3.37% | 10.6B | |
| -2.81% | 9.43B |
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