HOYA CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 18,340 JPY | +0.19% |
|
+5.89% | +4.06% |
| Apr. 24 | Japanese Shares Lead Asia Rally, Take Cue from Wall Street | MT |
| Apr. 24 | Hoya Restores Most of Production, Ordering Systems After IT System Failure | MT |
Valuation
| Fiscal Period: Maart | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,776,645 | 3,460,044 | 4,774,145 | 5,121,819 | 5,171,784 | 6,428,470 | - | - |
| Enterprise Value (EV) 1 | 2,486,086 | 3,164,028 | 4,459,997 | 4,724,015 | 4,790,478 | 5,979,909 | 5,950,861 | 5,895,364 |
| P/E ratio | 22.7 x | 30.3 x | 38.7 x | 31.4 x | 31 x | 37.4 x | 32.3 x | 28.5 x |
| Yield | 1.23% | 0.98% | 0.69% | 0.78% | 0.76% | 0.63% | 0.69% | 0.71% |
| Capitalization / Revenue | 4.91 x | 6 x | 8.71 x | 7.74 x | 7.15 x | 8.46 x | 7.88 x | 7.33 x |
| EV / Revenue | 4.39 x | 5.49 x | 8.14 x | 7.14 x | 6.62 x | 7.87 x | 7.29 x | 6.72 x |
| EV / EBITDA | 14.5 x | 16.8 x | 22.3 x | 19.4 x | 18.4 x | 22.7 x | 20.3 x | 18.2 x |
| EV / FCF | 21.2 x | 29 x | 39.9 x | 29.4 x | 31 x | 35.4 x | 31 x | 28 x |
| FCF Yield | 4.72% | 3.45% | 2.5% | 3.4% | 3.22% | 2.82% | 3.23% | 3.57% |
| Price to Book | 4.46 x | 5.35 x | 6.98 x | 6.37 x | 6.3 x | 7.46 x | 6.99 x | 6.47 x |
| Nbr of stocks (in thousands) | 379,894 | 376,092 | 367,101 | 365,062 | 355,205 | 350,516 | - | - |
| Reference price 2 | 7,309 | 9,200 | 13,005 | 14,030 | 14,560 | 18,340 | 18,340 | 18,340 |
| Announcement Date | 5/7/19 | 5/8/20 | 4/30/21 | 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 | 565,810 | 576,546 | 547,921 | 661,466 | 723,582 | 760,199 | 816,057 | 876,664 |
| EBITDA 1 | 171,464 | 188,868 | 200,371 | 243,353 | 260,371 | 263,945 | 292,665 | 324,151 |
| EBIT 1 | 145,048 | 154,494 | 164,035 | 200,334 | 210,756 | 214,098 | 243,838 | 273,214 |
| Operating Margin | 25.64% | 26.8% | 29.94% | 30.29% | 29.13% | 28.16% | 29.88% | 31.17% |
| Earnings before Tax (EBT) 1 | 144,657 | 147,268 | 159,218 | 210,706 | 215,832 | 222,971 | 249,877 | 280,825 |
| Net income 1 | 122,103 | 114,406 | 125,446 | 164,507 | 168,638 | 172,590 | 197,230 | 220,756 |
| Net margin | 21.58% | 19.84% | 22.89% | 24.87% | 23.31% | 22.7% | 24.17% | 25.18% |
| EPS 2 | 321.6 | 303.3 | 335.8 | 446.4 | 469.8 | 490.7 | 567.8 | 642.9 |
| Free Cash Flow 1 | 117,384 | 109,218 | 111,719 | 160,757 | 154,333 | 168,782 | 191,942 | 210,610 |
| FCF margin | 20.75% | 18.94% | 20.39% | 24.3% | 21.33% | 22.2% | 23.52% | 24.02% |
| FCF Conversion (EBITDA) | 68.46% | 57.83% | 55.76% | 66.06% | 59.27% | 63.95% | 65.58% | 64.97% |
| FCF Conversion (Net income) | 96.14% | 95.47% | 89.06% | 97.72% | 91.52% | 97.79% | 97.32% | 95.4% |
| Dividend per Share 2 | 90.00 | 90.00 | 90.00 | 110.0 | 110.0 | 115.4 | 125.8 | 130.8 |
| Announcement Date | 5/7/19 | 5/8/20 | 4/30/21 | 5/6/22 | 5/8/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: Maart | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 294,948 | 281,598 | 249,640 | 298,281 | 162,601 | 320,601 | 171,271 | 169,594 | 340,865 | 180,179 | 184,112 | 364,291 | 173,525 | 185,766 | 359,291 | 182,288 | 188,701 | 370,989 | 194,798 | 194,482 | 380,911 | 193,592 | 199,451 | 397,000 | 205,287 | 213,184 | 415,000 |
| EBITDA 1 | - | - | - | - | 59,800 | - | 64,231 | 59,573 | - | 66,157 | 66,138 | - | 61,890 | 66,190 | - | - | 98,592 | - | 104,514 | 75,380 | - | 74,025 | 77,025 | - | 79,225 | - | - |
| EBIT 1 | 83,649 | - | 74,580 | 89,455 | 49,200 | 98,640 | 53,537 | 48,145 | 101,692 | 54,200 | 53,852 | 108,047 | 49,296 | 53,413 | 102,709 | 83,537 | 86,863 | 170,400 | 93,104 | 54,279 | 119,798 | 54,674 | 59,623 | 113,200 | 62,154 | 67,036 | 140,800 |
| Operating Margin | 28.36% | - | 29.88% | 29.99% | 30.26% | 30.77% | 31.26% | 28.39% | 29.83% | 30.08% | 29.25% | 29.66% | 28.41% | 28.75% | 28.59% | 45.83% | 46.03% | 45.93% | 47.8% | 27.91% | 31.45% | 28.24% | 29.89% | 28.51% | 30.28% | 31.45% | 33.93% |
| Earnings before Tax (EBT) 1 | 81,266 | 66,002 | 72,135 | 87,083 | 53,989 | 105,007 | 51,922 | 53,777 | 105,699 | 61,518 | 61,820 | 123,338 | 38,497 | 53,997 | 92,494 | 51,166 | 63,616 | 114,782 | 49,689 | 58,036 | 107,518 | 55,487 | 61,339 | 127,200 | 58,261 | 74,046 | 130,800 |
| Net income 1 | 64,911 | 49,495 | 57,730 | 67,716 | 42,966 | 84,224 | 40,861 | 39,422 | 80,283 | 48,358 | 47,101 | 95,459 | 30,626 | 42,553 | 73,179 | 38,215 | 47,418 | 85,633 | 38,653 | 48,435 | 88,080 | 44,370 | 48,603 | 99,799 | 47,250 | 56,113 | 102,215 |
| Net margin | 22.01% | 17.58% | 23.13% | 22.7% | 26.42% | 26.27% | 23.86% | 23.24% | 23.55% | 26.84% | 25.58% | 26.2% | 17.65% | 22.91% | 20.37% | 20.96% | 25.13% | 23.08% | 19.84% | 24.9% | 23.12% | 22.92% | 24.37% | 25.14% | 23.02% | 26.32% | 24.63% |
| EPS 2 | 171.6 | 131.6 | 154.0 | 181.7 | 116.5 | 228.3 | 110.8 | 107.4 | 218.2 | 132.8 | 131.0 | 263.8 | 86.34 | 119.6 | 206.0 | 108.1 | 134.4 | 242.5 | 110.3 | 140.1 | 247.2 | 126.9 | 150.3 | 284.7 | 135.0 | 164.9 | 291.6 |
| Dividend per Share 2 | 45.00 | 45.00 | 45.00 | 45.00 | 45.00 | 45.00 | - | 65.00 | 65.00 | - | 45.00 | 45.00 | - | 65.00 | 65.00 | - | 45.00 | 45.00 | - | 75.00 | 75.00 | - | 50.00 | 50.00 | - | 80.00 | 80.00 |
| Announcement Date | 10/29/19 | 5/8/20 | 10/27/20 | 4/30/21 | 10/28/21 | 10/28/21 | 2/1/22 | 5/6/22 | 5/6/22 | 8/4/22 | 10/27/22 | 10/27/22 | 1/31/23 | 5/8/23 | 5/8/23 | 7/31/23 | 10/31/23 | 10/31/23 | 2/1/24 | - | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: Maart | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 290,559 | 296,016 | 314,148 | 397,804 | 381,306 | 448,561 | 477,608 | 533,106 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 117,384 | 109,218 | 111,719 | 160,757 | 154,333 | 168,782 | 191,942 | 210,610 |
| ROE (net income / shareholders' equity) | 21.2% | 18% | 18.8% | 22.1% | 20.8% | 20.5% | 22.1% | 24.1% |
| ROA (Net income/ Total Assets) | 20.5% | 18.7% | 19.1% | 22.8% | 21.4% | 19% | 20.5% | 22.5% |
| Assets 1 | 597,005 | 611,744 | 655,641 | 720,675 | 789,608 | 908,961 | 961,010 | 979,146 |
| Book Value Per Share 2 | 1,640 | 1,720 | 1,863 | 2,202 | 2,312 | 2,459 | 2,622 | 2,836 |
| Cash Flow per Share 2 | 391.0 | 394.0 | 433.0 | 563.0 | 608.0 | 618.0 | 677.0 | 758.0 |
| Capex 1 | 29,204 | 54,148 | 40,093 | 34,435 | 43,468 | 45,457 | 44,271 | 47,950 |
| Capex / Sales | 5.16% | 9.39% | 7.32% | 5.21% | 6.01% | 5.98% | 5.43% | 5.47% |
| Announcement Date | 5/7/19 | 5/8/20 | 4/30/21 | 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
B+
Sell
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
18,340
JPY
Average target price
20,882
JPY
Spread / Average Target
+13.86%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +4.06% | 40.84B | |
| -2.31% | 187B | |
| -3.20% | 106B | |
| -5.04% | 66.9B | |
| +0.20% | 49.45B | |
| +17.29% | 48B | |
| +2.36% | 26.25B | |
| +2.07% | 26.48B | |
| +12.96% | 24.62B | |
| -1.93% | 24.52B |
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