Financials Forum Engineering Inc.

Equities

7088

JP3803060007

Employment Services

Delayed Japan Exchange 10:17:47 2024-04-29 pm EDT 5-day change 1st Jan Change
938 JPY +0.54% Intraday chart for Forum Engineering Inc. +0.86% +12.61%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 16,270 27,453 20,941 21,736 50,425 49,109 - -
Enterprise Value (EV) 1 16,270 18,113 11,644 13,046 41,830 49,109 49,109 49,109
P/E ratio 3.84 x 13.2 x 16 x 17.3 x 42.4 x 24.1 x 20.2 x 16.1 x
Yield - 4.52% 5.89% 5.69% 2.61% 3.48% 4.29% 5.36%
Capitalization / Revenue 0.47 x 0.85 x 0.76 x 0.81 x 1.75 x 1.55 x 1.39 x 1.23 x
EV / Revenue 0.47 x 0.85 x 0.76 x 0.81 x 1.75 x 1.55 x 1.39 x 1.23 x
EV / EBITDA - - - - - - - -
EV / FCF - 10,678,006 x 8,051,098 x 15,042,138 x 33,933,631 x - - -
FCF Yield - 0% 0% 0% 0% - - -
Price to Book - 2.2 x 1.74 x 1.81 x 4.13 x 4.55 x 4.42 x 4.26 x
Nbr of stocks (in thousands) 53,255 51,750 51,389 51,568 52,636 52,636 - -
Reference price 2 305.5 530.5 407.5 421.5 958.0 933.0 933.0 933.0
Announcement Date 2/5/20 5/15/20 5/13/21 5/12/22 5/12/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 34,591 32,115 27,728 26,914 28,751 31,600 35,300 39,800
EBITDA - - - - - - - -
EBIT 1 - 4,079 2,349 1,834 1,622 3,000 3,600 4,500
Operating Margin - 12.7% 8.47% 6.81% 5.64% 9.49% 10.2% 11.31%
Earnings before Tax (EBT) 1 - 3,097 1,974 1,816 1,619 3,000 3,600 4,500
Net income 1 - 2,135 1,344 1,248 1,163 1,999 2,400 3,000
Net margin - 6.65% 4.85% 4.64% 4.05% 6.33% 6.8% 7.54%
EPS 2 79.48 40.09 25.40 24.32 22.57 38.70 46.30 57.90
Free Cash Flow - 2,571 2,601 1,445 1,486 - - -
FCF margin - 8.01% 9.38% 5.37% 5.17% - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - 120.42% 193.53% 115.79% 127.77% - - -
Dividend per Share 2 - 24.00 24.00 24.00 25.00 32.50 40.00 50.00
Announcement Date 2/5/20 5/15/20 5/13/21 5/12/22 5/12/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 S1 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3 2024 Q2 2024 Q4
Net sales 1 14,129 13,068 7,018 7,111 14,112 7,362 7,584 8,108
EBITDA - - - - - - - -
EBIT 1 925 672 721 477 337 680 694 578
Operating Margin 6.55% 5.14% 10.27% 6.71% 2.39% 9.24% 9.15% 7.13%
Earnings before Tax (EBT) 1 922 651 726 474 329 688 - 572
Net income 1 627 442 494 322 224 467 475 367
Net margin 4.44% 3.38% 7.04% 4.53% 1.59% 6.34% 6.26% 4.53%
EPS 11.75 8.630 9.615 6.275 4.355 9.070 - -
Dividend per Share - - - - - - - -
Announcement Date 11/5/20 11/4/21 2/3/22 8/4/22 11/2/22 2/2/23 11/9/23 -
1JPY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - 9,340 9,297 8,690 8,595 - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - 2,571 2,601 1,445 1,486 - - -
ROE (net income / shareholders' equity) - 16.6% 10.8% 10.4% 9.7% 18.8% 21.9% 26.4%
ROA (Net income/ Total Assets) - - 12% 8.72% 8.42% - - -
Assets 1 - - 11,210 14,315 13,817 - - -
Book Value Per Share 2 - 241.0 234.0 233.0 232.0 205.0 211.0 219.0
Cash Flow per Share 2 - 53.80 38.20 33.10 29.10 46.40 53.90 65.40
Capex - 322 94 11 29 - - -
Capex / Sales - 1% 0.34% 0.04% 0.1% - - -
Announcement Date 2/5/20 5/15/20 5/13/21 5/12/22 5/12/23 - - -
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

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