Financials Joshin Denki Co., Ltd.

Equities

8173

JP3393000009

Computer & Electronics Retailers

Market Closed - Japan Exchange 02:00:00 2024-04-26 am EDT 5-day change 1st Jan Change
2,516 JPY +0.64% Intraday chart for Joshin Denki Co., Ltd. +2.07% +3.62%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 103,001 67,854 55,316 82,402 51,452 51,625
Enterprise Value (EV) 1 141,253 109,903 96,152 110,516 90,266 95,477
P/E ratio 18.4 x 10.7 x 10.2 x 9.53 x 8.05 x 10.5 x
Yield 0.82% 1.96% 2.41% 2.37% 3.9% 3.84%
Capitalization / Revenue 0.26 x 0.17 x 0.13 x 0.18 x 0.13 x 0.13 x
EV / Revenue 0.36 x 0.27 x 0.23 x 0.25 x 0.22 x 0.23 x
EV / EBITDA 9.97 x 6.93 x 6.83 x 5.05 x 6.27 x 6.81 x
EV / FCF 21.4 x 242 x 26 x 9.8 x -7.48 x -16.6 x
FCF Yield 4.67% 0.41% 3.85% 10.2% -13.4% -6.03%
Price to Book 1.27 x 0.79 x 0.62 x 0.85 x 0.52 x 0.51 x
Nbr of stocks (in thousands) 26,512 26,599 26,620 26,077 26,770 26,420
Reference price 2 3,885 2,551 2,078 3,160 1,922 1,954
Announcement Date 6/28/18 6/27/19 6/25/20 6/25/21 6/27/22 6/29/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 391,726 403,832 415,643 449,121 409,508 408,460
EBITDA 1 14,164 15,851 14,068 21,880 14,407 14,012
EBIT 1 9,681 10,987 8,981 16,550 8,884 8,440
Operating Margin 2.47% 2.72% 2.16% 3.68% 2.17% 2.07%
Earnings before Tax (EBT) 1 9,111 9,624 8,112 12,681 9,551 7,632
Net income 1 5,579 6,354 5,418 8,873 6,391 4,972
Net margin 1.42% 1.57% 1.3% 1.98% 1.56% 1.22%
EPS 2 210.6 239.1 202.8 331.6 238.8 186.7
Free Cash Flow 1 6,592 454.2 3,703 11,278 -12,068 -5,757
FCF margin 1.68% 0.11% 0.89% 2.51% -2.95% -1.41%
FCF Conversion (EBITDA) 46.54% 2.87% 26.32% 51.54% - -
FCF Conversion (Net income) 118.16% 7.15% 68.34% 127.1% - -
Dividend per Share 2 32.00 50.00 50.00 75.00 75.00 75.00
Announcement Date 6/28/18 6/27/19 6/25/20 6/25/21 6/27/22 6/29/23
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 1 216,865 226,698 200,822 106,234 94,601 197,918 107,724 90,377 197,483 109,807
EBITDA - - - - - - - - - -
EBIT 1 6,269 7,330 5,305 1,409 1,391 4,104 2,013 1,091 4,586 1,793
Operating Margin 2.89% 3.23% 2.64% 1.33% 1.47% 2.07% 1.87% 1.21% 2.32% 1.63%
Earnings before Tax (EBT) 1 6,070 5,840 6,235 1,570 1,265 4,105 1,822 966 4,527 1,499
Net income 1 4,185 4,261 4,064 1,226 1,016 3,006 1,135 620 3,110 1,017
Net margin 1.93% 1.88% 2.02% 1.15% 1.07% 1.52% 1.05% 0.69% 1.57% 0.93%
EPS 2 156.9 159.3 151.9 45.77 37.97 112.3 42.85 23.49 117.7 38.73
Dividend per Share - - - - - - - - - -
Announcement Date 11/7/19 11/6/20 11/2/21 2/4/22 8/5/22 11/4/22 2/3/23 8/4/23 11/7/23 2/6/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 38,252 42,049 40,836 28,114 38,814 43,852
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.701 x 2.653 x 2.903 x 1.285 x 2.694 x 3.13 x
Free Cash Flow 1 6,592 454 3,703 11,278 -12,068 -5,757
ROE (net income / shareholders' equity) 7.12% 7.61% 6.18% 9.42% 6.46% 4.99%
ROA (Net income/ Total Assets) 3.23% 3.46% 2.77% 5.08% 2.6% 2.39%
Assets 1 172,885 183,387 195,300 174,837 246,167 207,669
Book Value Per Share 2 3,050 3,234 3,332 3,711 3,685 3,811
Cash Flow per Share 2 171.0 170.0 130.0 328.0 88.20 105.0
Capex 1 5,699 9,242 7,441 6,367 8,786 9,289
Capex / Sales 1.45% 2.29% 1.79% 1.42% 2.15% 2.27%
Announcement Date 6/28/18 6/27/19 6/25/20 6/25/21 6/27/22 6/29/23
1JPY in Million2JPY
Estimates
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