IMPERIAL HOTEL, LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 955 JPY | +0.53% |
|
-0.62% | +0.21% |
| Feb. 27 | Imperial Hotel's Stock Price Falls on Plan to Offer Shares at Discount | DJ |
| 2023 | Imperial Hotel, Ltd. Reports Earnings Results for the Full Year Ended March 31, 2023 | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 119,953 | 90,291 | 118,233 | 106,487 | 113,724 | 113,309 | - | - |
| Enterprise Value (EV) 1 | 82,177 | 49,356 | 86,279 | 78,366 | 83,487 | 113,309 | 113,309 | 113,309 |
| P/E ratio | 32.5 x | 37.6 x | -8.23 x | -13.5 x | 58.3 x | 33.3 x | 86.8 x | 70.7 x |
| Yield | 0.79% | 1.05% | 0.2% | 0.22% | 0.42% | 0.63% | 0.21% | 0.21% |
| Capitalization / Revenue | 2.05 x | 1.65 x | 5.36 x | 3.72 x | 2.6 x | 2.13 x | 2.33 x | 2.25 x |
| EV / Revenue | 2.05 x | 1.65 x | 5.36 x | 3.72 x | 2.6 x | 2.13 x | 2.33 x | 2.25 x |
| EV / EBITDA | 15.6 x | 15.5 x | -13 x | -13.1 x | 37.2 x | 19.2 x | 33.3 x | 29.8 x |
| EV / FCF | 29.5 x | 27.4 x | -12.3 x | -33.8 x | 48.3 x | 42 x | 356 x | -17.2 x |
| FCF Yield | 3.39% | 3.65% | -8.15% | -2.96% | 2.07% | 2.38% | 0.28% | -5.81% |
| Price to Book | 2.02 x | 1.49 x | 2.57 x | 2.8 x | 2.84 x | 2.65 x | 2.6 x | 2.53 x |
| Nbr of stocks (in thousands) | 118,648 | 118,648 | 118,648 | 118,648 | 118,648 | 118,648 | - | - |
| Reference price 2 | 1,011 | 761.0 | 996.5 | 897.5 | 958.5 | 955.0 | 955.0 | 955.0 |
| Announcement Date | 5/10/19 | 5/12/20 | 5/12/21 | 5/12/22 | 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 | 58,426 | 54,558 | 22,051 | 28,617 | 43,772 | 53,300 | 48,700 | 50,400 |
| EBITDA 1 | 7,708 | 5,818 | -9,119 | -8,151 | 3,060 | 5,900 | 3,400 | 3,800 |
| EBIT 1 | 5,036 | 3,160 | -11,710 | -11,121 | 348 | 3,100 | 1,500 | 1,900 |
| Operating Margin | 8.62% | 5.79% | -53.1% | -38.86% | 0.8% | 5.82% | 3.08% | 3.77% |
| Earnings before Tax (EBT) 1 | 5,315 | 3,492 | -11,006 | -7,874 | 1,991 | 3,500 | 1,900 | 2,300 |
| Net income 1 | 3,686 | 2,404 | -14,363 | -7,886 | 1,951 | 3,400 | 1,300 | 1,600 |
| Net margin | 6.31% | 4.41% | -65.14% | -27.56% | 4.46% | 6.38% | 2.67% | 3.17% |
| EPS 2 | 31.07 | 20.26 | -121.1 | -66.46 | 16.44 | 28.70 | 11.00 | 13.50 |
| Free Cash Flow 1 | 4,061 | 3,292 | -9,631 | -3,153 | 2,354 | 2,699 | 318 | -6,580 |
| FCF margin | 6.95% | 6.03% | -43.68% | -11.02% | 5.38% | 5.06% | 0.65% | -13.06% |
| FCF Conversion (EBITDA) | 52.69% | 56.58% | - | - | 76.93% | 45.75% | 9.35% | - |
| FCF Conversion (Net income) | 110.17% | 136.94% | - | - | 120.66% | 79.38% | 24.46% | - |
| Dividend per Share 2 | 8.000 | 8.000 | 2.000 | 2.000 | 4.000 | 6.000 | 2.000 | 2.000 |
| Announcement Date | 5/10/19 | 5/12/20 | 5/12/21 | 5/12/22 | 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 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 27,381 | 8,553 | 6,502 | 12,290 | 9,435 | 6,892 | 9,434 | 9,173 | 18,607 | 13,082 | 12,083 | 12,472 | 11,766 | 24,238 | 15,528 | 13,457 | 11,900 | 10,800 | 13,150 | 12,850 |
| EBITDA 1 | - | - | -1,732 | -3,993 | -603 | -3,555 | 186 | 258 | 444 | 3,267 | -651 | - | 774 | - | 2,881 | 776 | 1,100 | - | 1,750 | 550 |
| EBIT 1 | 2,091 | -6,704 | -2,466 | -5,462 | -1,348 | -4,311 | -551 | - | -1,012 | 1,551 | -191 | 747 | 20 | 767 | 2,257 | 76 | 400 | -400 | 1,350 | 150 |
| Operating Margin | 7.64% | -78.38% | -37.93% | -44.44% | -14.29% | -62.55% | -5.84% | - | -5.44% | 11.86% | -1.58% | 5.99% | 0.17% | 3.16% | 14.54% | 0.56% | 3.36% | -3.7% | 10.27% | 1.17% |
| Earnings before Tax (EBT) 1 | 2,193 | -4,569 | -1,658 | -3,820 | -330 | -3,724 | -75 | 236 | 161 | 1,687 | 143 | 804 | 147 | 951 | 2,351 | 198 | 480 | -320 | 1,430 | 310 |
| Net income 1 | 1,517 | -7,521 | -1,635 | -3,810 | -345 | -3,731 | -88 | 224 | 136 | 1,672 | 143 | 789 | 138 | 927 | 2,340 | 133 | 400 | -320 | 1,300 | -80 |
| Net margin | 5.54% | -87.93% | -25.15% | -31% | -3.66% | -54.14% | -0.93% | 2.44% | 0.73% | 12.78% | 1.18% | 6.33% | 1.17% | 3.82% | 15.07% | 0.99% | 3.36% | -2.96% | 9.89% | -0.62% |
| EPS 2 | 12.79 | -63.40 | -13.78 | -32.12 | -2.910 | -31.44 | -0.7450 | 1.890 | 1.145 | 14.10 | 1.200 | 6.655 | 1.165 | 7.820 | 19.72 | 1.100 | 3.400 | -2.700 | 11.00 | -0.7000 |
| Dividend per Share 2 | 4.000 | - | - | - | - | 2.000 | - | - | - | - | 4.000 | - | 2.000 | 2.000 | - | 4.000 | - | - | - | 2.000 |
| Announcement Date | 10/30/19 | 10/29/20 | 10/29/21 | 10/29/21 | 1/27/22 | 5/12/22 | 7/26/22 | 10/28/22 | 10/28/22 | 1/26/23 | 5/11/23 | 7/28/23 | 10/27/23 | 10/27/23 | 1/30/24 | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | 37,776 | 40,935 | 31,954 | 28,121 | 30,237 | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 4,061 | 3,292 | -9,631 | -3,153 | 2,354 | 2,699 | 318 | -6,580 |
| ROE (net income / shareholders' equity) | 6.4% | 4% | -26.9% | -18.8% | 5% | 8.2% | 3% | 3.6% |
| ROA (Net income/ Total Assets) | 6.63% | 4.35% | -10.9% | -12.6% | 2.73% | - | - | - |
| Assets 1 | 55,592 | 55,247 | 131,788 | 62,735 | 71,364 | - | - | - |
| Book Value Per Share 2 | 500.0 | 511.0 | 388.0 | 320.0 | 337.0 | 360.0 | 367.0 | 378.0 |
| Cash Flow per Share | 53.60 | 42.70 | -99.20 | -41.40 | 39.30 | - | - | - |
| Capex 1 | 2,012 | 1,456 | 1,310 | 1,727 | 1,722 | 3,000 | 3,000 | 10,000 |
| Capex / Sales | 3.44% | 2.67% | 5.94% | 6.03% | 3.93% | 5.63% | 6.16% | 19.84% |
| Announcement Date | 5/10/19 | 5/12/20 | 5/12/21 | 5/12/22 | 5/11/23 | - | - | - |
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
Sell
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
955
JPY
Average target price
1,180
JPY
Spread / Average Target
+23.56%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +0.21% | 719M | |
| +4.89% | 69.32B | |
| +10.75% | 16.13B | |
| +14.29% | 15.4B | |
| +19.39% | 11.08B | |
| +31.62% | 9.95B | |
| +11.86% | 5.13B | |
| +4.13% | 4.56B | |
| +23.60% | 3.82B | |
| +91.72% | 3.56B |
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