HIROSE ELECTRIC CO.,LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 16,700 JPY | +0.24% |
|
+5.70% | +4.60% |
| Apr. 11 | Jefferies Starts Hiroshi Electric at Hold With 16,900 Yen Price Target | MT |
| Feb. 16 | Hirose Electric Repurchases Shares, Concludes Buyback Program | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 424,063 | 406,192 | 617,384 | 631,422 | 594,537 | 564,958 | - | - |
| Enterprise Value (EV) 1 | 371,741 | 355,631 | 432,675 | 427,078 | 511,987 | 395,728 | 388,357 | 380,147 |
| P/E ratio | 23.8 x | 26.6 x | 31 x | 20.2 x | 17.2 x | 21.9 x | 20.9 x | 18.2 x |
| Yield | 2.06% | 2.14% | 1.41% | 2.46% | 2.9% | 2.63% | 2.71% | 2.87% |
| Capitalization / Revenue | 3.4 x | 3.34 x | 4.62 x | 3.86 x | 3.24 x | 3.46 x | 3.37 x | 3.14 x |
| EV / Revenue | 2.98 x | 2.92 x | 3.24 x | 2.61 x | 2.79 x | 2.43 x | 2.32 x | 2.11 x |
| EV / EBITDA | 10.4 x | 9.83 x | 9.69 x | 7.47 x | 8.07 x | 8.08 x | 7.41 x | 6.53 x |
| EV / FCF | -125 x | 31.1 x | 19.7 x | 14 x | 18.9 x | 16.6 x | 15.1 x | 13.4 x |
| FCF Yield | -0.8% | 3.21% | 5.07% | 7.13% | 5.3% | 6.01% | 6.61% | 7.47% |
| Price to Book | 1.38 x | 1.33 x | 1.89 x | 1.85 x | 1.7 x | 1.58 x | 1.55 x | 1.5 x |
| Nbr of stocks (in thousands) | 36,463 | 36,267 | 36,274 | 35,354 | 34,426 | 33,830 | - | - |
| Reference price 2 | 11,630 | 11,200 | 17,020 | 17,860 | 17,270 | 16,700 | 16,700 | 16,700 |
| Announcement Date | 5/8/19 | 5/28/20 | 5/6/21 | 5/6/22 | 5/8/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 124,590 | 121,765 | 133,538 | 163,671 | 183,224 | 163,093 | 167,706 | 179,973 |
| EBITDA 1 | 35,660 | 36,177 | 44,654 | 57,172 | 63,455 | 49,001 | 52,429 | 58,228 |
| EBIT 1 | 23,157 | 20,358 | 27,885 | 40,765 | 46,751 | 33,392 | 35,829 | 40,921 |
| Operating Margin | 18.59% | 16.72% | 20.88% | 24.91% | 25.52% | 20.47% | 21.36% | 22.74% |
| Earnings before Tax (EBT) 1 | 24,671 | 21,205 | 28,332 | 43,081 | 48,591 | 37,256 | 38,590 | 44,031 |
| Net income 1 | 17,891 | 15,305 | 19,916 | 31,437 | 34,648 | 26,173 | 27,805 | 31,362 |
| Net margin | 14.36% | 12.57% | 14.91% | 19.21% | 18.91% | 16.05% | 16.58% | 17.43% |
| EPS 2 | 489.4 | 420.4 | 549.1 | 885.4 | 1,002 | 763.0 | 800.7 | 915.5 |
| Free Cash Flow 1 | -2,972 | 11,420 | 21,923 | 30,468 | 27,139 | 23,791 | 25,670 | 28,399 |
| FCF margin | -2.39% | 9.38% | 16.42% | 18.62% | 14.81% | 14.59% | 15.31% | 15.78% |
| FCF Conversion (EBITDA) | - | 31.57% | 49.1% | 53.29% | 42.77% | 48.55% | 48.96% | 48.77% |
| FCF Conversion (Net income) | - | 74.62% | 110.08% | 96.92% | 78.33% | 90.9% | 92.32% | 90.55% |
| Dividend per Share 2 | 240.0 | 240.0 | 240.0 | 440.0 | 500.0 | 440.0 | 452.9 | 478.5 |
| Announcement Date | 5/8/19 | 5/28/20 | 5/6/21 | 5/6/22 | 5/8/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 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 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 | 2026 S1 | 2026 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 60,265 | - | 61,036 | 72,502 | 40,746 | 79,188 | 42,816 | 41,667 | 84,483 | 46,574 | 48,130 | 94,704 | 47,461 | 41,059 | 88,520 | 40,455 | 42,455 | 82,910 | 42,252 | 38,021 | 79,630 | 39,006 | 42,237 | 82,057 | 43,561 | 40,456 | 85,904 | 87,405 | 88,934 |
| EBITDA 1 | - | - | - | 23,525 | - | 28,084 | - | - | - | - | - | 35,514 | - | - | - | - | - | - | 14,254 | 10,044 | - | 11,994 | 13,465 | - | 14,436 | 12,328 | - | - | - |
| EBIT 1 | 11,534 | 8,824 | 12,893 | 14,992 | 10,698 | 19,792 | 11,226 | 9,747 | 20,973 | 12,971 | 14,199 | 27,170 | 12,497 | 7,084 | 19,581 | 9,057 | 8,134 | 17,191 | 10,040 | 6,287 | 15,805 | 8,096 | 9,426 | 18,362 | 9,554 | 7,461 | 18,067 | 21,801 | 22,165 |
| Operating Margin | 19.14% | - | 21.12% | 20.68% | 26.26% | 24.99% | 26.22% | 23.39% | 24.83% | 27.85% | 29.5% | 28.69% | 26.33% | 17.25% | 22.12% | 22.39% | 19.16% | 20.73% | 23.76% | 16.54% | 19.85% | 20.76% | 22.32% | 22.38% | 21.93% | 18.44% | 21.03% | 24.94% | 24.92% |
| Earnings before Tax (EBT) 1 | 12,087 | - | 12,887 | 15,445 | 10,941 | 20,384 | 11,784 | 10,913 | 22,697 | 14,507 | 14,740 | 29,247 | 11,737 | 7,607 | 19,344 | 10,652 | 9,028 | 19,680 | 10,954 | 6,723 | 17,422 | 8,944 | 10,050 | 19,690 | 10,221 | 8,110 | 18,747 | 23,561 | 23,925 |
| Net income 1 | 8,573 | 6,732 | 9,338 | 10,578 | 8,111 | 14,797 | 8,990 | 7,650 | 16,640 | 10,052 | 10,584 | 20,636 | 8,594 | 5,418 | 14,012 | 6,021 | 6,576 | 12,597 | 8,117 | 4,615 | 12,645 | 6,381 | 7,179 | 14,876 | 7,291 | 5,774 | 12,578 | - | - |
| Net margin | 14.23% | - | 15.3% | 14.59% | 19.91% | 18.69% | 21% | 18.36% | 19.7% | 21.58% | 21.99% | 21.79% | 18.11% | 13.2% | 15.83% | 14.88% | 15.49% | 15.19% | 19.21% | 12.14% | 15.88% | 16.36% | 17% | 18.13% | 16.74% | 14.27% | 14.64% | - | - |
| EPS 2 | 235.1 | - | 257.5 | 291.6 | 229.0 | 415.0 | 254.0 | 216.4 | 470.4 | 286.9 | 307.3 | 594.2 | 249.9 | 157.9 | 407.8 | 174.9 | 191.0 | 365.9 | 236.2 | 134.4 | - | 178.4 | 208.9 | - | 229.0 | 185.3 | - | - | - |
| Dividend per Share 2 | 120.0 | - | 120.0 | - | 160.0 | 160.0 | - | 280.0 | 280.0 | - | 220.0 | 220.0 | - | 280.0 | - | - | 220.0 | 220.0 | - | 220.0 | - | - | 220.0 | - | - | 220.0 | - | - | - |
| Announcement Date | 11/1/19 | 5/28/20 | 11/2/20 | 5/6/21 | 11/1/21 | 11/1/21 | 1/31/22 | 5/6/22 | 5/6/22 | 8/1/22 | 11/2/22 | 11/2/22 | 2/1/23 | 5/8/23 | 5/8/23 | 8/1/23 | 11/1/23 | 11/1/23 | 2/1/24 | - | - | - | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 52,322 | 50,561 | 184,709 | 204,344 | 82,550 | 169,230 | 176,601 | 184,811 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -2,972 | 11,420 | 21,923 | 30,468 | 27,139 | 23,791 | 25,670 | 28,399 |
| ROE (net income / shareholders' equity) | 5.8% | 5% | 6.3% | 9.4% | 10% | 7.37% | 7.51% | 8.38% |
| ROA (Net income/ Total Assets) | 7.25% | 6.2% | 7.95% | 11.3% | 12.2% | 7.08% | 7.05% | 7.82% |
| Assets 1 | 246,886 | 246,872 | 250,654 | 279,222 | 283,845 | 369,813 | 394,524 | 400,982 |
| Book Value Per Share 2 | 8,429 | 8,436 | 8,987 | 9,675 | 10,161 | 10,555 | 10,773 | 11,164 |
| Cash Flow per Share 2 | 848.0 | 855.0 | 1,011 | 1,347 | 1,485 | 1,196 | 1,242 | 1,384 |
| Capex 1 | 20,340 | 18,689 | 13,895 | 13,855 | 19,553 | 19,071 | 18,038 | 18,200 |
| Capex / Sales | 16.33% | 15.35% | 10.41% | 8.47% | 10.67% | 11.69% | 10.76% | 10.11% |
| Announcement Date | 5/8/19 | 5/28/20 | 5/6/21 | 5/6/22 | 5/8/23 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
14
Last Close Price
16,700
JPY
Average target price
17,629
JPY
Spread / Average Target
+5.56%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +4.60% | 3.59B | |
| +21.55% | 72.28B | |
| -4.21% | 34.41B | |
| -16.43% | 28.52B | |
| -7.17% | 14.26B | |
| -13.03% | 9.92B | |
| +5.83% | 9.52B | |
| +71.16% | 8.54B | |
| +26.49% | 8.36B | |
| +69.91% | 8.21B |
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