Financials JSR Corporation

Equities

4185

JP3385980002

Specialty Chemicals

Market Closed - Japan Exchange 02:00:00 2024-05-24 am EDT 5-day change 1st Jan Change
4,336 JPY +0.02% Intraday chart for JSR Corporation +0.02% +7.86%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 378,191 427,928 717,777 780,742 646,566 900,308 - -
Enterprise Value (EV) 1 391,691 448,724 751,678 853,042 750,961 977,992 993,927 973,649
P/E ratio 12.2 x 19.1 x -13 x 20.9 x 41.2 x -162 x 28.9 x 23 x
Yield 3.5% 3.01% 1.8% 1.93% 2.25% 0.76% 2.15% 0.85%
Capitalization / Revenue 0.76 x 0.91 x 1.61 x 2.29 x 1.58 x 2.22 x 1.98 x 1.87 x
EV / Revenue 0.79 x 0.95 x 1.68 x 2.5 x 1.84 x 2.42 x 2.18 x 2.02 x
EV / EBITDA 6.04 x 7.57 x -23.4 x 12.9 x 13 x 26.3 x 13.8 x 10.4 x
EV / FCF -11.1 x 24.1 x 44.9 x -19 x 29.8 x 34.4 x 46.2 x 30.7 x
FCF Yield -9.01% 4.15% 2.23% -5.25% 3.36% 2.9% 2.16% 3.26%
Price to Book 0.94 x 1.08 x 2.15 x 2.08 x 1.82 x 2.39 x 2.19 x 2.05 x
Nbr of stocks (in thousands) 220,391 214,716 214,903 215,081 207,565 207,636 - -
Reference price 2 1,716 1,993 3,340 3,630 3,115 4,336 4,336 4,336
Announcement Date 4/24/19 4/27/20 4/26/21 4/25/22 4/27/23 4/30/24 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 496,746 471,967 446,609 340,997 408,880 404,631 455,284 481,116
EBITDA 1 64,872 59,243 -32,156 66,300 57,800 37,163 72,250 94,055
EBIT 1 43,030 32,884 -61,633 43,760 29,370 3,649 44,986 56,258
Operating Margin 8.66% 6.97% -13.8% 12.83% 7.18% 0.9% 9.88% 11.69%
Earnings before Tax (EBT) 1 44,176 32,629 -62,430 45,521 29,846 -124 42,675 55,987
Net income 1 31,116 22,604 -55,155 37,303 15,784 -5,551 31,432 39,537
Net margin 6.26% 4.79% -12.35% 10.94% 3.86% -1.37% 6.9% 8.22%
EPS 2 140.6 104.4 -256.7 173.5 75.56 -26.74 149.9 188.5
Free Cash Flow 1 -35,300 18,636 16,734 -44,800 25,200 28,403 21,500 31,720
FCF margin -7.11% 3.95% 3.75% -13.14% 6.16% 7.02% 4.72% 6.59%
FCF Conversion (EBITDA) - 31.46% - - 43.6% 76.43% 29.76% 33.72%
FCF Conversion (Net income) - 82.45% - - 159.66% 83.47% 68.4% 80.23%
Dividend per Share 2 60.00 60.00 60.00 70.00 70.00 32.86 93.33 36.67
Announcement Date 4/24/19 4/27/20 4/26/21 4/25/22 4/27/23 4/30/24 - -
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 Q3 2025 Q4
Net sales 1 240,149 231,818 194,047 252,562 85,904 168,214 88,380 84,403 172,783 93,298 103,953 197,251 115,705 95,924 211,629 85,046 95,734 180,780 121,062 102,789 223,851 96,600 103,800 109,700 94,800
EBITDA - - - - - - - - - - - - - - - - - - - - - - - - -
EBIT 1 18,999 13,885 1,064 -62,697 11,739 22,888 19,213 1,659 20,872 7,267 10,429 17,696 14,532 -2,858 11,674 -6,144 3,394 -2,750 15,649 -9,250 6,399 - - - -
Operating Margin 7.91% 5.99% 0.55% -24.82% 13.67% 13.61% 21.74% 1.97% 12.08% 7.79% 10.03% 8.97% 12.56% -2.98% 5.52% -7.22% 3.55% -1.52% 12.93% -9% 2.86% - - - -
Earnings before Tax (EBT) 1 18,894 13,735 -162 -62,268 12,782 23,835 19,304 2,382 21,686 9,631 13,066 22,697 10,589 -3,440 7,149 -4,186 1,998 -2,188 11,595 -9,531 2,064 10,500 10,300 9,300 9,000
Net income 1 13,472 9,132 -676 -54,479 9,379 17,542 17,830 1,931 19,761 5,742 9,028 14,770 4,849 -3,835 1,014 -2,582 439 -2,143 7,506 -10,914 -3,408 7,500 7,400 6,800 6,300
Net margin 5.61% 3.94% -0.35% -21.57% 10.92% 10.43% 20.17% 2.29% 11.44% 6.15% 8.68% 7.49% 4.19% -4% 0.48% -3.04% 0.46% -1.19% 6.2% -10.62% -1.52% 7.76% 7.13% 6.2% 6.65%
EPS 2 61.77 - -3.150 - 43.62 81.60 82.92 8.970 - 27.09 43.23 70.32 23.41 -18.17 - -12.44 2.120 -10.32 36.15 -52.57 - 36.13 35.65 32.76 30.35
Dividend per Share 2 30.00 - 30.00 - - 35.00 - - - - 35.00 35.00 - 35.00 - - - - - - - - - - -
Announcement Date 10/28/19 4/27/20 10/27/20 4/26/21 11/8/21 11/8/21 1/31/22 4/25/22 4/25/22 8/1/22 10/31/22 10/31/22 2/6/23 4/27/23 4/27/23 8/7/23 11/6/23 11/6/23 2/5/24 4/30/24 4/30/24 - - - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 13,500 20,796 33,901 72,300 104,395 78,425 93,619 73,341
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.2081 x 0.351 x -1.054 x 1.09 x 1.806 x 2.11 x 1.296 x 0.7798 x
Free Cash Flow 1 -35,300 18,636 16,734 -44,800 25,200 28,403 21,500 31,720
ROE (net income / shareholders' equity) 7.8% 5.7% -15.1% 10.5% 4.3% -1.5% 8.6% 9.62%
ROA (Net income/ Total Assets) 6.6% 4.77% -9.25% 6.14% 3.92% -0.75% 9.2% 8.19%
Assets 1 471,619 474,244 596,557 607,285 402,962 744,401 341,649 483,040
Book Value Per Share 2 1,824 1,848 1,554 1,748 1,713 1,810 1,981 2,114
Cash Flow per Share 2 239.0 226.0 -120.0 278.0 212.0 135.0 303.0 356.0
Capex 1 36,038 43,951 53,669 41,851 44,218 31,595 40,058 42,158
Capex / Sales 7.25% 9.31% 12.02% 12.27% 10.81% 7.81% 8.8% 8.76%
Announcement Date 4/24/19 4/27/20 4/26/21 4/25/22 4/27/23 4/30/24 - -
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+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
4
Last Close Price
4,336 JPY
Average target price
4,050 JPY
Spread / Average Target
-6.60%
Consensus
  1. Stock Market
  2. Equities
  3. 4185 Stock
  4. Financials JSR Corporation