Financials Hamakyorex Co., Ltd.

Equities

9037

JP3771150004

Ground Freight & Logistics

Market Closed - Japan Exchange 02:00:00 2024-04-30 am EDT 5-day change 1st Jan Change
3,895 JPY +1.17% Intraday chart for Hamakyorex Co., Ltd. +1.43% -2.01%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 80,773 50,022 60,965 53,901 60,589 72,199 - -
Enterprise Value (EV) 1 95,475 63,023 74,784 63,287 63,319 72,199 72,199 72,199
P/E ratio 13.7 x 8.02 x 9.5 x 7.57 x 8.19 x 9.32 x 8.65 x 8.25 x
Yield 1.53% 2.66% 2.31% 2.96% 2.95% 2.86% 3.16% 3.4%
Capitalization / Revenue 0.7 x 0.41 x 0.51 x 0.43 x 0.46 x 0.52 x 0.5 x 0.48 x
EV / Revenue 0.7 x 0.41 x 0.51 x 0.43 x 0.46 x 0.52 x 0.5 x 0.48 x
EV / EBITDA 5,415,536 x 3,252,401 x 3,851,736 x 3,254,279 x 3,530,402 x - - -
EV / FCF 10.3 x 13.1 x 15.2 x 7.12 x 5.69 x 4.1 x 2.37 x 3.27 x
FCF Yield 9.72% 7.63% 6.59% 14% 17.6% 24.4% 42.2% 30.6%
Price to Book 1.43 x 0.82 x 0.92 x 0.75 x 0.78 x - - -
Nbr of stocks (in thousands) 19,005 19,005 18,787 18,787 18,787 18,753 - -
Reference price 2 4,250 2,632 3,245 2,869 3,225 3,850 3,850 3,850
Announcement Date 5/9/19 5/11/20 5/11/21 5/11/22 5/11/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 115,919 122,471 118,876 125,094 131,912 139,000 145,050 149,400
EBITDA 14,915 15,380 15,828 16,563 17,162 - - -
EBIT 1 9,913 10,190 10,563 11,114 11,548 12,250 13,150 13,800
Operating Margin 8.55% 8.32% 8.89% 8.88% 8.75% 8.81% 9.07% 9.24%
Earnings before Tax (EBT) 1 10,192 10,821 10,910 11,806 12,238 12,800 14,100 15,000
Net income 1 5,905 6,233 6,427 7,117 7,400 7,750 8,350 8,750
Net margin 5.09% 5.09% 5.41% 5.69% 5.61% 5.58% 5.76% 5.86%
EPS 2 310.7 328.0 341.7 378.8 393.9 413.2 445.2 466.6
Free Cash Flow 1 7,854 3,816 4,015 7,567 10,652 17,600 30,500 22,100
FCF margin 6.78% 3.12% 3.38% 6.05% 8.08% 12.66% 21.03% 14.79%
FCF Conversion (EBITDA) 52.66% 24.81% 25.37% 45.69% 62.07% - - -
FCF Conversion (Net income) 133.01% 61.22% 62.47% 106.32% 143.95% 227.1% 365.27% 252.57%
Dividend per Share 2 65.00 70.00 75.00 85.00 95.00 110.0 121.5 131.0
Announcement Date 5/9/19 5/11/20 5/11/21 5/11/22 5/11/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2021 S1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4
Net sales 1 60,314 57,675 30,656 61,267 33,229 30,598 32,547 32,415 64,962 34,939 32,011 33,092 34,271 67,363 37,695 33,442
EBITDA - - - - - - - - - - - - - - - -
EBIT 1 5,075 4,894 2,590 5,504 3,314 2,296 2,888 2,740 5,628 3,574 2,346 2,946 2,694 5,640 4,155 2,522
Operating Margin 8.41% 8.49% 8.45% 8.98% 9.97% 7.5% 8.87% 8.45% 8.66% 10.23% 7.33% 8.9% 7.86% 8.37% 11.02% 7.54%
Earnings before Tax (EBT) 5,329 5,293 - 5,748 3,402 - 3,278 - 6,109 3,662 - 3,187 - 6,180 4,089 -
Net income 3,072 3,154 - 3,389 1,976 - 1,958 - 3,664 2,144 - 1,910 - 3,755 2,397 -
Net margin 5.09% 5.47% - 5.53% 5.95% - 6.02% - 5.64% 6.14% - 5.77% - 5.57% 6.36% -
EPS 161.7 167.5 - 180.4 105.2 - 104.3 - 195.0 114.2 - 101.7 - 200.0 127.8 -
Dividend per Share 35.00 35.00 - 40.00 - - - - 45.00 - - - - 55.00 - -
Announcement Date 10/28/19 10/28/20 10/28/21 10/28/21 1/28/22 5/11/22 7/28/22 10/28/22 10/28/22 1/30/23 5/11/23 7/27/23 10/27/23 10/27/23 1/30/24 -
1JPY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 14,702 13,001 13,819 9,386 2,730 - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) 0.9857 x 0.8453 x 0.8731 x 0.5667 x 0.1591 x - - -
Free Cash Flow 1 7,854 3,816 4,015 7,567 10,652 17,600 30,500 22,100
ROE (net income / shareholders' equity) 10.9% 10.6% 10.1% 10.3% 9.9% - - -
ROA (Net income/ Total Assets) 8.94% 8.78% 8.66% 9.03% 8.83% - - -
Assets 1 66,073 71,017 74,225 78,856 83,799 - - -
Book Value Per Share 2,974 3,228 3,515 3,809 4,119 - - -
Cash Flow per Share 574.0 601.0 622.0 669.0 693.0 - - -
Capex 1 4,714 8,460 9,958 7,625 5,689 9,000 9,000 9,000
Capex / Sales 4.07% 6.91% 8.38% 6.1% 4.31% 6.47% 6.2% 6.02%
Announcement Date 5/9/19 5/11/20 5/11/21 5/11/22 5/11/23 - - -
1JPY in Million
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
3,850 JPY
Average target price
3,900 JPY
Spread / Average Target
+1.30%
Consensus
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  4. Financials Hamakyorex Co., Ltd.