Financials Heian Ceremony Service Co.,Ltd.

Equities

2344

JP3834050001

Personal Services

Delayed Japan Exchange 01:20:07 2024-04-26 am EDT 5-day change 1st Jan Change
879 JPY +0.92% Intraday chart for Heian Ceremony Service Co.,Ltd. +1.85% +11.69%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 11,886 11,650 10,323 10,855 10,051 8,943
Enterprise Value (EV) 1 858.3 758.9 -334.7 1,528 1,234 281.3
P/E ratio 9.23 x 8.43 x 8.87 x 16.2 x 10.8 x 8.52 x
Yield 2.65% 2.71% 3.44% 3.06% 3.28% 3.81%
Capitalization / Revenue 1.19 x 1.16 x 1.05 x 1.3 x 1.12 x 0.92 x
EV / Revenue 0.09 x 0.08 x -0.03 x 0.18 x 0.14 x 0.03 x
EV / EBITDA 0.37 x 0.31 x -0.15 x 1.07 x 0.71 x 0.14 x
EV / FCF 0.7 x 1.6 x -0.91 x -2.76 x 135 x 0.64 x
FCF Yield 143% 62.6% -110% -36.2% 0.74% 157%
Price to Book 0.68 x 0.63 x 0.53 x 0.57 x 0.51 x 0.44 x
Nbr of stocks (in thousands) 13,134 13,134 13,134 12,307 12,228 12,168
Reference price 2 905.0 887.0 786.0 882.0 822.0 735.0
Announcement Date 6/25/18 6/25/19 6/30/20 6/28/21 6/27/22 6/28/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 10,016 10,067 9,801 8,344 8,972 9,669
EBITDA 1 2,325 2,423 2,247 1,433 1,732 2,059
EBIT 1 1,863 1,981 1,752 914 1,221 1,483
Operating Margin 18.6% 19.68% 17.88% 10.95% 13.61% 15.34%
Earnings before Tax (EBT) 1 1,985 2,118 1,767 1,149 1,365 1,602
Net income 1 1,288 1,382 1,164 705 931 1,053
Net margin 12.86% 13.73% 11.88% 8.45% 10.38% 10.89%
EPS 2 98.07 105.2 88.62 54.39 75.89 86.28
Free Cash Flow 1 1,225 475.1 368 -552.8 9.125 442.9
FCF margin 12.23% 4.72% 3.75% -6.62% 0.1% 4.58%
FCF Conversion (EBITDA) 52.7% 19.61% 16.38% - 0.53% 21.51%
FCF Conversion (Net income) 95.14% 34.38% 31.62% - 0.98% 42.06%
Dividend per Share 2 24.00 24.00 27.00 27.00 27.00 28.00
Announcement Date 6/25/18 6/25/19 6/30/20 6/28/21 6/27/22 6/28/23
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 2024 Q1 2024 S1 2024 Q3
Net sales 1 4,672 3,912 4,233 2,297 2,312 4,585 2,399 2,250 4,653 2,671
EBITDA - - - - - - - - - -
EBIT 1 738 344 475 313 331 611 336 272 600 500
Operating Margin 15.8% 8.79% 11.22% 13.63% 14.32% 13.33% 14.01% 12.09% 12.89% 18.72%
Earnings before Tax (EBT) 1 810 408 552 344 359 677 351 303 435 529
Net income 1 526 269 365 235 240 435 249 197 280 358
Net margin 11.26% 6.88% 8.62% 10.23% 10.38% 9.49% 10.38% 8.76% 6.02% 13.4%
EPS 2 40.11 20.54 29.74 19.19 19.67 35.62 20.40 16.23 23.03 29.44
Dividend per Share 13.00 13.00 13.00 - - 13.00 - - 14.00 -
Announcement Date 11/7/19 11/6/20 11/8/21 2/7/22 8/8/22 11/7/22 2/7/23 8/7/23 11/7/23 2/7/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 11,028 10,891 10,658 9,327 8,817 8,662
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 1,225 475 368 -553 9.13 443
ROE (net income / shareholders' equity) 7.53% 7.64% 6.12% 3.66% 4.81% 5.28%
ROA (Net income/ Total Assets) 3.59% 3.72% 3.23% 1.7% 2.29% 2.76%
Assets 1 35,894 37,133 36,057 41,532 40,582 38,219
Book Value Per Share 2 1,339 1,416 1,480 1,550 1,603 1,667
Cash Flow per Share 2 840.0 829.0 811.0 755.0 721.0 712.0
Capex 1 444 1,286 992 1,456 1,238 1,235
Capex / Sales 4.43% 12.77% 10.12% 17.45% 13.8% 12.77%
Announcement Date 6/25/18 6/25/19 6/30/20 6/28/21 6/27/22 6/28/23
1JPY in Million2JPY
Estimates
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