Financials Fukuda Corporation

Equities

1899

JP3805600008

Construction & Engineering

Market Closed - Japan Exchange 02:00:00 2024-05-16 am EDT 5-day change 1st Jan Change
5,570 JPY -1.42% Intraday chart for Fukuda Corporation +4.11% +10.74%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 35,835 43,493 47,960 36,774 37,812 42,605
Enterprise Value (EV) 1 16,513 28,408 30,939 14,573 12,650 14,634
P/E ratio 6.35 x 7.94 x 8.16 x 6.27 x 10.4 x 12.6 x
Yield 2.71% 2.24% 1.95% 3.01% 2.48% 2.19%
Capitalization / Revenue 0.21 x 0.24 x 0.26 x 0.2 x 0.24 x 0.26 x
EV / Revenue 0.09 x 0.16 x 0.17 x 0.08 x 0.08 x 0.09 x
EV / EBITDA 1.7 x 2.94 x 2.97 x 1.41 x 1.88 x 2.22 x
EV / FCF -2.25 x -6.56 x 8.44 x 2.42 x 2.95 x 3.01 x
FCF Yield -44.5% -15.2% 11.8% 41.4% 33.9% 33.2%
Price to Book 0.57 x 0.64 x 0.68 x 0.49 x 0.49 x 0.52 x
Nbr of stocks (in thousands) 8,837 8,840 8,519 8,522 8,526 8,470
Reference price 2 4,055 4,920 5,630 4,315 4,435 5,030
Announcement Date 3/28/19 3/26/20 3/25/21 3/29/22 3/28/23 3/27/24
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 173,928 182,088 185,764 179,846 154,358 162,243
EBITDA 1 9,737 9,677 10,411 10,370 6,740 6,599
EBIT 1 8,056 8,056 8,863 8,892 5,208 5,206
Operating Margin 4.63% 4.42% 4.77% 4.94% 3.37% 3.21%
Earnings before Tax (EBT) 1 8,449 8,285 8,824 8,798 5,454 5,216
Net income 1 5,643 5,475 5,979 5,864 3,650 3,386
Net margin 3.24% 3.01% 3.22% 3.26% 2.36% 2.09%
EPS 2 638.6 619.4 689.8 688.2 428.2 400.1
Free Cash Flow 1 -7,340 -4,332 3,666 6,028 4,285 4,865
FCF margin -4.22% -2.38% 1.97% 3.35% 2.78% 3%
FCF Conversion (EBITDA) - - 35.21% 58.13% 63.57% 73.72%
FCF Conversion (Net income) - - 61.31% 102.79% 117.39% 143.67%
Dividend per Share 2 110.0 110.0 110.0 130.0 110.0 110.0
Announcement Date 3/28/19 3/26/20 3/25/21 3/29/22 3/28/23 3/27/24
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q3 2022 Q1 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3 2024 Q1
Net sales 1 55,245 54,122 28,974 20,700 39,738 21,375 20,107 40,406 25,999 26,439
EBITDA - - - - - - - - - -
EBIT 1 2,902 3,583 1,738 1,242 1,661 1,858 467 549 988 1,734
Operating Margin 5.25% 6.62% 6% 6% 4.18% 8.69% 2.32% 1.36% 3.8% 6.56%
Earnings before Tax (EBT) 1 3,222 4,172 1,749 1,758 2,210 1,867 961 1,056 879 2,314
Net income 1 2,334 3,021 1,187 1,505 1,776 1,269 800 842 563 1,762
Net margin 4.22% 5.58% 4.1% 7.27% 4.47% 5.94% 3.98% 2.08% 2.17% 6.66%
EPS - - - - - - - - - -
Dividend per Share - - - - - - - - - -
Announcement Date 8/7/20 8/11/21 11/10/21 5/11/22 8/10/22 11/10/22 5/11/23 8/10/23 11/10/23 5/10/24
1JPY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 19,322 15,085 17,021 22,201 25,162 27,971
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -7,340 -4,332 3,666 6,028 4,285 4,865
ROE (net income / shareholders' equity) 9.25% 8.4% 8.64% 8% 4.77% 4.34%
ROA (Net income/ Total Assets) 4.02% 3.79% 4% 4.14% 2.46% 2.4%
Assets 1 140,520 144,288 149,554 141,560 148,640 141,054
Book Value Per Share 2 7,091 7,639 8,301 8,889 9,127 9,624
Cash Flow per Share 2 2,587 2,621 2,714 2,732 3,301 3,556
Capex 1 2,956 2,200 2,169 1,050 1,291 2,202
Capex / Sales 1.7% 1.21% 1.17% 0.58% 0.84% 1.36%
Announcement Date 3/28/19 3/26/20 3/25/21 3/29/22 3/28/23 3/27/24
1JPY in Million2JPY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Quarterly revenue - Rate of surprise

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