Financials Fuyo General Lease Co., Ltd.

Equities

8424

JP3826270005

Corporate Financial Services

Market Closed - Japan Exchange 02:00:00 2024-04-26 am EDT 5-day change 1st Jan Change
13,590 JPY +1.38% Intraday chart for Fuyo General Lease Co., Ltd. +1.49% +10.98%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 165,173 164,205 228,460 209,131 269,776 408,484 - -
Enterprise Value (EV) 1 2,216,652 2,338,507 2,576,257 2,514,552 2,670,225 408,484 408,484 408,484
P/E ratio 6.44 x 6.28 x 7.73 x 6.18 x 6.93 x 9.46 x 8.69 x 8.04 x
Yield 3.43% 3.74% 3.15% 4.08% 3.81% 2.87% 3.24% 3.61%
Capitalization / Revenue 0.27 x 0.23 x 0.31 x 0.32 x 0.39 x 0.58 x 0.57 x 0.56 x
EV / Revenue 0.27 x 0.23 x 0.31 x 0.32 x 0.39 x 0.58 x 0.57 x 0.56 x
EV / EBITDA - - - - - - - -
EV / FCF -658,908 x -544,740 x -1,240,080 x - -1,083,010 x - - -
FCF Yield -0% -0% -0% - -0% - - -
Price to Book 0.63 x 0.6 x 0.75 x 0.63 x 0.74 x 1.03 x 0.95 x 0.87 x
Nbr of stocks (in thousands) 30,141 29,964 29,982 29,919 29,975 30,058 - -
Reference price 2 5,480 5,480 7,620 6,990 9,000 13,590 13,590 13,590
Announcement Date 5/9/19 5/8/20 5/10/21 5/10/22 5/10/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 618,119 712,330 740,300 657,847 688,655 703,000 719,000 736,000
EBITDA - - - - - - - -
EBIT 1 35,746 41,423 44,600 46,034 51,561 53,600 58,000 62,400
Operating Margin 5.78% 5.82% 6.02% 7% 7.49% 7.62% 8.07% 8.48%
Earnings before Tax (EBT) 1 40,085 42,080 47,960 52,595 58,029 65,600 70,000 75,400
Net income 1 25,689 26,187 29,600 33,886 38,939 43,200 47,000 50,800
Net margin 4.16% 3.68% 4% 5.15% 5.65% 6.15% 6.54% 6.9%
EPS 2 850.4 872.0 986.2 1,131 1,299 1,437 1,564 1,690
Free Cash Flow -250,680 -301,442 -184,232 - -249,101 - - -
FCF margin -40.56% -42.32% -24.89% - -36.17% - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 188.0 205.0 240.0 285.0 343.0 390.0 440.0 490.0
Announcement Date 5/9/19 5/8/20 5/10/21 5/10/22 5/10/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2021 S1 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 S1 2024 Q3
Net sales 1 344,535 357,379 285,426 177,644 217,415 356,063 177,702 154,890 157,183 350,393 170,196
EBITDA - - - - - - - - - - -
EBIT 1 20,474 20,944 23,511 11,007 11,381 27,017 14,359 10,185 12,294 27,825 19,854
Operating Margin 5.94% 5.86% 8.24% 6.2% 5.23% 7.59% 8.08% 6.58% 7.82% 7.94% 11.67%
Earnings before Tax (EBT) 1 22,181 22,764 27,582 12,051 12,990 31,045 14,888 12,096 14,143 33,460 21,441
Net income 1 13,720 13,873 18,078 7,613 8,217 20,304 10,426 8,209 9,362 23,044 16,811
Net margin 3.98% 3.88% 6.33% 4.29% 3.78% 5.7% 5.87% 5.3% 5.96% 6.58% 9.88%
EPS 2 455.8 462.8 602.6 254.0 274.3 677.6 347.8 - 311.9 767.2 559.4
Dividend per Share 100.0 110.0 130.0 - - 158.0 - - - 195.0 -
Announcement Date 11/6/19 11/6/20 11/5/21 2/4/22 7/29/22 11/8/22 2/3/23 5/10/23 7/28/23 11/8/23 2/5/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 2,051,479 2,174,302 2,347,797 2,305,421 2,400,449 - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow -250,680 -301,442 -184,232 - -249,101 - - -
ROE (net income / shareholders' equity) 10.1% 9.7% 10.2% 10.6% 11.1% 11.3% 11.3% 11.3%
ROA (Net income/ Total Assets) 1.56% 1.65% 1.67% 1.78% 1.96% 1.3% 1.4% 1.5%
Assets 1 1,647,312 1,588,882 1,767,481 1,905,335 1,989,201 3,323,077 3,357,143 3,386,667
Book Value Per Share 2 8,686 9,204 10,153 11,122 12,228 13,245 14,370 15,571
Cash Flow per Share 1,953 2,132 2,525 2,833 2,831 - - -
Capex 170,705 192,638 149,152 227,599 224,952 - - -
Capex / Sales 27.62% 27.04% 20.15% 34.6% 32.67% - - -
Announcement Date 5/9/19 5/8/20 5/10/21 5/10/22 5/10/23 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
13,590 JPY
Average target price
11,500 JPY
Spread / Average Target
-15.38%
Consensus
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