HOKKAIDO GAS CO., LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,739 JPY | -2.46% |
|
-6.23% | +24.39% |
| 2021 | Asia LNG prices slip below $30/mmBtu as supply improves in Europe | RE |
| 2021 | Chevron : Unit Agrees to Supply Liquefied Natural Gas to Hokkaido Gas in Japan | MT |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 26,331 | 25,358 | 27,205 | 28,245 | 25,923 | 34,227 |
| Enterprise Value (EV) 1 | 99,013 | 102,671 | 104,451 | 95,766 | 81,555 | 112,053 |
| P/E ratio | 13.5 x | 7.25 x | 6.9 x | 6.6 x | 4.97 x | 3.45 x |
| Yield | 2.68% | 3.13% | 3.24% | 3.12% | 4.08% | 3.6% |
| Capitalization / Revenue | 0.25 x | 0.21 x | 0.22 x | 0.24 x | 0.2 x | 0.2 x |
| EV / Revenue | 0.96 x | 0.85 x | 0.83 x | 0.81 x | 0.64 x | 0.64 x |
| EV / EBITDA | 6.69 x | 6.38 x | 5.91 x | 5.11 x | 3.94 x | 4.16 x |
| EV / FCF | -74.3 x | -16.9 x | -23.8 x | 10.5 x | 6.35 x | -4.97 x |
| FCF Yield | -1.35% | -5.93% | -4.2% | 9.52% | 15.8% | -20.1% |
| Price to Book | 0.62 x | 0.56 x | 0.56 x | 0.54 x | 0.45 x | 0.52 x |
| Nbr of stocks (in thousands) | 17,613 | 17,610 | 17,609 | 17,609 | 17,610 | 17,615 |
| Reference price 2 | 1,495 | 1,440 | 1,545 | 1,604 | 1,472 | 1,943 |
| Announcement Date | 6/27/18 | 6/26/19 | 6/25/20 | 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 | 103,580 | 121,174 | 126,375 | 118,161 | 126,957 | 174,840 |
| EBITDA 1 | 14,794 | 16,087 | 17,664 | 18,728 | 20,687 | 26,950 |
| EBIT 1 | 3,037 | 4,061 | 4,606 | 5,086 | 7,053 | 13,343 |
| Operating Margin | 2.93% | 3.35% | 3.64% | 4.3% | 5.56% | 7.63% |
| Earnings before Tax (EBT) 1 | 2,672 | 4,878 | 5,194 | 5,995 | 7,302 | 13,802 |
| Net income 1 | 1,923 | 3,503 | 3,954 | 4,289 | 5,237 | 9,963 |
| Net margin | 1.86% | 2.89% | 3.13% | 3.63% | 4.13% | 5.7% |
| EPS 2 | 110.4 | 198.6 | 224.1 | 242.9 | 296.4 | 563.6 |
| Free Cash Flow 1 | -1,332 | -6,091 | -4,390 | 9,114 | 12,847 | -22,540 |
| FCF margin | -1.29% | -5.03% | -3.47% | 7.71% | 10.12% | -12.89% |
| FCF Conversion (EBITDA) | - | - | - | 48.67% | 62.1% | - |
| FCF Conversion (Net income) | - | - | - | 212.5% | 245.31% | - |
| Dividend per Share 2 | 40.00 | 45.00 | 50.00 | 50.00 | 60.00 | 70.00 |
| Announcement Date | 6/27/18 | 6/26/19 | 6/25/20 | 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 | 54,526 | 49,787 | 47,807 | 30,964 | 32,825 | 62,546 | 45,173 | 40,268 | 72,947 | 41,802 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 590 | 794 | 2,276 | -1,510 | 3,419 | 3,049 | 629 | 5,148 | 6,044 | 709 |
| Operating Margin | 1.08% | 1.59% | 4.76% | -4.88% | 10.42% | 4.87% | 1.39% | 12.78% | 8.29% | 1.7% |
| Earnings before Tax (EBT) 1 | 1,163 | 954 | 2,396 | -1,446 | 3,590 | 3,209 | 886 | 5,364 | 6,220 | 721 |
| Net income 1 | 975 | 681 | 1,749 | -1,092 | 2,601 | 2,318 | 601 | 3,833 | 4,435 | 435 |
| Net margin | 1.79% | 1.37% | 3.66% | -3.53% | 7.92% | 3.71% | 1.33% | 9.52% | 6.08% | 1.04% |
| EPS 2 | 55.41 | 38.68 | 99.32 | -61.99 | 147.7 | 131.6 | 34.13 | 217.6 | 251.8 | 24.69 |
| Dividend per Share | 25.00 | 25.00 | 30.00 | - | - | 30.00 | - | - | 35.00 | - |
| Announcement Date | 10/30/19 | 10/30/20 | 10/29/21 | 1/28/22 | 7/29/22 | 10/28/22 | 1/31/23 | 7/28/23 | 10/31/23 | 1/31/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 72,682 | 77,313 | 77,246 | 67,521 | 55,632 | 77,826 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.913 x | 4.806 x | 4.373 x | 3.605 x | 2.689 x | 2.888 x |
| Free Cash Flow 1 | -1,332 | -6,091 | -4,390 | 9,114 | 12,847 | -22,540 |
| ROE (net income / shareholders' equity) | 4.48% | 7.76% | 8.25% | 8.29% | 9.29% | 15.7% |
| ROA (Net income/ Total Assets) | 1.34% | 1.71% | 1.92% | 2.11% | 2.83% | 4.85% |
| Assets 1 | 143,518 | 204,830 | 205,970 | 203,453 | 185,132 | 205,626 |
| Book Value Per Share 2 | 2,428 | 2,554 | 2,750 | 2,964 | 3,243 | 3,740 |
| Cash Flow per Share 2 | 190.0 | 96.40 | 87.30 | 349.0 | 543.0 | 154.0 |
| Capex 1 | 16,740 | 17,300 | 15,433 | 10,239 | 10,860 | 19,225 |
| Capex / Sales | 16.16% | 14.28% | 12.21% | 8.67% | 8.55% | 11% |
| Announcement Date | 6/27/18 | 6/26/19 | 6/25/20 | 6/28/21 | 6/27/22 | 6/28/23 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +24.39% | 307M | |
| +0.89% | 17.64B | |
| +28.35% | 16.4B | |
| -6.96% | 12.12B | |
| +10.84% | 9.13B | |
| +16.20% | 8.89B | |
| +3.56% | 7.48B | |
| -2.46% | 6.96B | |
| +8.30% | 6.51B | |
| -5.19% | 5.03B |
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