Financials Furuya Metal Co., Ltd.

Equities

7826

JP3828850002

Non-Gold Precious Metals & Minerals

Delayed Japan Exchange Other stock markets 02:00:00 2024-04-30 am EDT			5-day change	1st Jan Change
11,070 ^JPY	+3.17%		-0.27%	+15.92%

2023	Furuya Metal Co., Ltd. Reports Earnings Results for the Nine Months Ended March 31, 2023	CI
2021	Marubeni ups annual profit forecast by 52% on higher metal prices	RE

Valuation

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	20,554	35,794	50,933	59,590	83,153	87,820	-	-
Enterprise Value (EV) ¹	28,844	46,643	60,160	72,618	102,111	105,624	100,030	93,319
P/E ratio	8.26 x	14.3 x	7.12 x	6.52 x	8.84 x	12.8 x	9.03 x	8.06 x
Yield	2.11%	1.28%	2.05%	2.99%	2.14%	2.43%	2.76%	2.99%
Capitalization / Revenue	0.96 x	1.57 x	1.51 x	1.31 x	1.73 x	1.92 x	1.59 x	1.33 x
EV / Revenue	1.34 x	2.04 x	1.78 x	1.6 x	2.12 x	2.31 x	1.81 x	1.41 x
EV / EBITDA	-	-	-	5.25 x	8.22 x	9.94 x	7.01 x	6.15 x
EV / FCF	-9.21 x	-153 x	-11.2 x	-25.5 x	-50.9 x	-93.8 x	14.3 x	15.5 x
FCF Yield	-10.9%	-0.65%	-8.93%	-3.93%	-1.97%	-1.07%	6.99%	6.45%
Price to Book	1.47 x	2.5 x	1.8 x	1.63 x	1.88 x	1.49 x	1.33 x	1.18 x
Nbr of stocks (in thousands)	6,182	5,736	6,968	6,978	6,982	8,185	-	-
Reference price ²	3,325	6,240	7,310	8,540	11,910	10,730	10,730	10,730
Announcement Date	8/7/19	8/6/20	8/6/21	8/8/22	8/8/23	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	21,451	22,826	33,840	45,321	48,115	45,670	55,333	66,200
EBITDA ¹	-	-	-	13,828	12,416	10,625	14,272	15,176
EBIT ¹	4,462	3,679	10,452	13,055	11,485	10,010	12,924	14,596
Operating Margin	20.8%	16.12%	30.89%	28.81%	23.87%	21.92%	23.36%	22.05%
Earnings before Tax (EBT) ¹	4,484	3,756	10,548	13,297	12,383	10,165	13,310	14,220
Net income ¹	2,709	2,534	6,889	9,142	9,406	7,087	9,094	10,249
Net margin	12.63%	11.1%	20.36%	20.17%	19.55%	15.52%	16.44%	15.48%
EPS ²	402.6	435.3	1,027	1,311	1,348	836.4	1,188	1,331
Free Cash Flow ¹	-3,132	-305	-5,372	-2,853	-2,007	-1,126	6,992	6,017
FCF margin	-14.6%	-1.34%	-15.87%	-6.3%	-4.17%	-2.47%	12.64%	9.09%
FCF Conversion (EBITDA)	-	-	-	-	-	-	48.99%	39.65%
FCF Conversion (Net income)	-	-	-	-	-	-	76.88%	58.7%
Dividend per Share ²	70.00	80.00	150.0	255.0	255.0	260.9	296.4	320.3
Announcement Date	8/7/19	8/6/20	8/6/21	8/8/22	8/8/23	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Juni	2020 S1	2020 S2	2021 S1	2021 S2	2022 Q1	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
Net sales ¹	9,351	13,475	11,274	22,566	11,847	9,255	21,102	10,652	13,567	24,219	13,201	11,069	24,270	12,443	11,402	23,845	10,128	10,996	21,124	9,975	10,606	20,581
EBITDA ¹	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,700	2,798	5,498
EBIT ¹	1,651	2,028	1,913	8,539	4,740	3,279	8,019	2,905	2,131	5,036	4,472	3,035	7,507	2,951	1,027	3,978	2,042	2,511	4,553	2,415	2,512	4,927
Operating Margin	17.66%	15.05%	16.97%	37.84%	40.01%	35.43%	38%	27.27%	15.71%	20.79%	33.88%	27.42%	30.93%	23.72%	9.01%	16.68%	20.16%	22.84%	21.55%	24.21%	23.68%	23.94%
Earnings before Tax (EBT)	1,672	2,084	1,859	8,689	4,730	3,299	8,029	2,967	2,301	5,268	4,575	2,880	7,455	2,934	1,994	4,928	2,052	-	4,305	-	-	-
Net income ¹	1,104	1,430	1,194	5,695	2,941	1,858	4,799	1,941	2,402	4,343	2,942	2,060	5,002	2,042	2,362	4,404	1,431	1,554	2,985	2,000	2,215	4,215
Net margin	11.81%	10.61%	10.59%	25.24%	24.82%	20.08%	22.74%	18.22%	17.7%	17.93%	22.29%	18.61%	20.61%	16.41%	20.72%	18.47%	14.13%	14.13%	14.13%	20.05%	20.88%	20.48%
EPS	186.9	-	185.0	-	422.2	-	688.5	278.2	-	-	421.7	-	716.7	292.4	-	-	205.0	-	418.1	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	2/7/20	8/6/20	2/8/21	8/6/21	11/5/21	2/8/22	2/8/22	5/11/22	8/8/22	8/8/22	11/7/22	2/8/23	2/8/23	5/11/23	8/8/23	8/8/23	11/7/23	2/9/24	2/9/24	-	-	-

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: Juni	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	8,290	10,849	9,227	13,028	18,958	17,804	12,210	5,499
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	0.9421 x	1.527 x	1.676 x	0.8555 x	0.3624 x
Free Cash Flow ¹	-3,132	-305	-5,372	-2,853	-2,007	-1,126	6,992	6,017
ROE (net income / shareholders' equity)	17.4%	17.9%	32.4%	28.3%	23.3%	12.6%	16.2%	15.2%
ROA (Net income/ Total Assets)	17.2%	12.2%	24.1%	20.7%	15.5%	8.28%	10.8%	10.2%
Assets ¹	15,761	20,788	28,557	44,123	60,842	85,560	83,960	100,804
Book Value Per Share ²	2,256	2,499	4,051	5,224	6,322	7,207	8,098	9,065
Cash Flow per Share ²	432.0	514.0	1,123	1,422	1,481	309.0	1,794	1,715
Capex ¹	667	969	1,922	1,628	1,546	3,350	3,167	2,467
Capex / Sales	3.11%	4.25%	5.68%	3.59%	3.21%	7.34%	5.72%	3.73%
Announcement Date	8/7/19	8/6/20	8/6/21	8/8/22	8/8/23	-	-	-

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

Ratings for Furuya Metal Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

10,730 JPY

Average target price

14,833 JPY

Spread / Average Target

+38.24%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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