KATITAS CO., LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,839 JPY | +1.83% |
|
+1.55% | -15.99% |
| 2023 | Katitas Secures 8 Billion Yen Syndicated Loan | MT |
| 2023 | Katitas Co., Ltd. Announces Syndicated Loan Agreement | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 142,990 | 132,548 | 237,616 | 261,012 | 200,195 | 143,020 | - | - |
| Enterprise Value (EV) 1 | 156,345 | 145,411 | 237,757 | 266,103 | 209,967 | 152,229 | 152,299 | 151,603 |
| P/E ratio | 24.1 x | 25.5 x | 31.9 x | 38.1 x | 32.8 x | 16.8 x | 14.8 x | 13.1 x |
| Yield | 1.37% | 1.56% | 0.95% | 0.99% | 1.9% | 2.93% | 3.09% | 3.19% |
| Capitalization / Revenue | 1.76 x | 1.47 x | 2.43 x | 2.58 x | 1.65 x | 1.11 x | 1.03 x | 0.95 x |
| EV / Revenue | 1.92 x | 1.62 x | 2.43 x | 2.63 x | 1.73 x | 1.18 x | 1.1 x | 1.01 x |
| EV / EBITDA | 16.7 x | 14 x | 20.5 x | 19.9 x | 14.9 x | 11.8 x | 10.4 x | 8.99 x |
| EV / FCF | 76.3 x | 61.4 x | 16.2 x | -106 x | -135 x | 27.3 x | 26.9 x | 23.2 x |
| FCF Yield | 1.31% | 1.63% | 6.18% | -0.94% | -0.74% | 3.66% | 3.71% | 4.32% |
| Price to Book | 7.49 x | 5.88 x | 8.48 x | 8.02 x | 5.62 x | 3.57 x | 3.16 x | 2.78 x |
| Nbr of stocks (in thousands) | 75,357 | 76,397 | 76,898 | 77,222 | 77,625 | 77,771 | - | - |
| Reference price 2 | 1,898 | 1,735 | 3,090 | 3,380 | 2,579 | 1,839 | 1,839 | 1,839 |
| Announcement Date | 5/10/19 | 5/11/20 | 5/11/21 | 5/13/22 | 5/9/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 81,356 | 89,978 | 97,735 | 101,269 | 121,341 | 128,631 | 138,582 | 150,536 |
| EBITDA 1 | 9,368 | 10,366 | 11,581 | 13,361 | 14,097 | 12,875 | 14,627 | 16,857 |
| EBIT 1 | 9,104 | 10,121 | 11,343 | 13,127 | 14,060 | 12,783 | 14,506 | 16,451 |
| Operating Margin | 11.19% | 11.25% | 11.61% | 12.96% | 11.59% | 9.94% | 10.47% | 10.93% |
| Earnings before Tax (EBT) 1 | 8,725 | 7,874 | 11,073 | 10,311 | 9,051 | 12,562 | 14,288 | 16,161 |
| Net income 1 | 5,926 | 5,190 | 7,440 | 6,845 | 6,091 | 8,496 | 9,689 | 10,918 |
| Net margin | 7.28% | 5.77% | 7.61% | 6.76% | 5.02% | 6.6% | 6.99% | 7.25% |
| EPS 2 | 78.81 | 67.98 | 96.85 | 88.71 | 78.66 | 109.3 | 124.7 | 140.5 |
| Free Cash Flow 1 | 2,049 | 2,369 | 14,703 | -2,510 | -1,552 | 5,569 | 5,653 | 6,546 |
| FCF margin | 2.52% | 2.63% | 15.04% | -2.48% | -1.28% | 4.33% | 4.08% | 4.35% |
| FCF Conversion (EBITDA) | 21.87% | 22.85% | 126.96% | - | - | 43.25% | 38.65% | 38.83% |
| FCF Conversion (Net income) | 34.58% | 45.65% | 197.62% | - | - | 65.55% | 58.34% | 59.96% |
| Dividend per Share 2 | 26.00 | 27.00 | 29.50 | 33.50 | 49.00 | 53.89 | 56.86 | 58.75 |
| Announcement Date | 5/10/19 | 5/11/20 | 5/11/21 | 5/13/22 | 5/9/23 | - | - | - |
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 S1 | 2025 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 47,419 | 42,559 | 49,261 | 48,474 | 25,222 | 49,559 | 26,633 | 25,077 | 51,710 | 28,351 | 30,809 | 59,160 | 29,549 | 32,632 | 62,181 | 31,613 | 30,441 | 62,054 | 31,615 | 34,418 | 65,496 | 34,842 | 34,360 | 67,000 | 35,685 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 5,588 | 4,533 | 5,705 | 5,638 | 3,695 | 6,876 | 3,789 | 2,462 | 6,251 | 3,486 | 3,950 | 7,436 | 3,368 | 3,256 | 6,624 | 2,860 | 3,490 | 6,894 | 3,513 | 3,462 | 7,050 | 3,425 | 3,581 | 6,600 | 3,930 |
| Operating Margin | 11.78% | 10.65% | 11.58% | 11.63% | 14.65% | 13.87% | 14.23% | 9.82% | 12.09% | 12.3% | 12.82% | 12.57% | 11.4% | 9.98% | 10.65% | 9.05% | 11.46% | 11.11% | 11.11% | 10.06% | 10.76% | 9.83% | 10.42% | 9.85% | 11.01% |
| Earnings before Tax (EBT) 1 | 5,479 | 2,395 | 5,537 | 5,536 | 3,649 | 6,780 | 3,736 | -205 | 3,531 | 3,445 | 3,907 | 7,352 | 3,326 | 1,818 | 5,144 | 2,973 | 2,768 | 5,742 | 3,370 | 3,542 | 6,916 | 3,000 | - | 6,100 | - |
| Net income 1 | 3,690 | 1,500 | 3,711 | 3,729 | 2,468 | 4,577 | 2,523 | -255 | 2,268 | 2,328 | 2,643 | 4,971 | 2,240 | 1,328 | 3,568 | 2,120 | 1,870 | 3,991 | 2,314 | 2,177 | 4,614 | 2,339 | 2,402 | 4,200 | 2,587 |
| Net margin | 7.78% | 3.52% | 7.53% | 7.69% | 9.79% | 9.24% | 9.47% | -1.02% | 4.39% | 8.21% | 8.58% | 8.4% | 7.58% | 4.07% | 5.74% | 6.71% | 6.14% | 6.43% | 7.32% | 6.33% | 7.04% | 6.71% | 6.99% | 6.27% | 7.25% |
| EPS 2 | 48.40 | - | 48.37 | - | - | 59.36 | 32.68 | - | - | 30.13 | 34.19 | 64.32 | 28.90 | 17.04 | - | 27.29 | 24.06 | 51.34 | 29.76 | 26.36 | - | 28.90 | 30.79 | - | 33.18 |
| Dividend per Share 2 | 13.50 | - | 13.50 | - | - | 16.00 | - | - | - | - | 24.00 | 24.00 | - | 25.00 | - | - | 27.00 | 27.00 | - | 27.00 | - | - | - | 28.00 | - |
| Announcement Date | 11/7/19 | 5/11/20 | 11/6/20 | 5/11/21 | 11/5/21 | 11/5/21 | 2/4/22 | 5/13/22 | 5/13/22 | 8/5/22 | 11/4/22 | 11/4/22 | 2/3/23 | 5/9/23 | 5/9/23 | 8/7/23 | 11/6/23 | 11/6/23 | 2/7/24 | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 13,355 | 12,863 | 141 | 5,091 | 9,772 | 9,208 | 9,279 | 8,583 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.426 x | 1.241 x | 0.0122 x | 0.381 x | 0.6932 x | 0.7152 x | 0.6344 x | 0.5092 x |
| Free Cash Flow 1 | 2,049 | 2,369 | 14,703 | -2,510 | -1,552 | 5,569 | 5,653 | 6,546 |
| ROE (net income / shareholders' equity) | 34.3% | 24.8% | 29.3% | 22.6% | 17.9% | 22% | 22.2% | 22.2% |
| ROA (Net income/ Total Assets) | 20.4% | 19.6% | 20.4% | 21.5% | 21.2% | 17.1% | 17% | 18.9% |
| Assets 1 | 29,078 | 26,446 | 36,433 | 31,851 | 28,678 | 49,829 | 57,163 | 57,663 |
| Book Value Per Share 2 | 253.0 | 295.0 | 364.0 | 421.0 | 459.0 | 516.0 | 583.0 | 662.0 |
| Cash Flow per Share 2 | 27.50 | 68.60 | 97.40 | 89.20 | 79.10 | 53.70 | 52.10 | 88.00 |
| Capex 1 | 42 | 16 | 13 | 12 | 69 | 76.8 | 76.8 | 76.8 |
| Capex / Sales | 0.05% | 0.02% | 0.01% | 0.01% | 0.06% | 0.06% | 0.06% | 0.05% |
| Announcement Date | 5/10/19 | 5/11/20 | 5/11/21 | 5/13/22 | 5/9/23 | - | - | - |
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
OUTPERFORM
Number of Analysts
9
Last Close Price
1,839
JPY
Average target price
2,604
JPY
Spread / Average Target
+41.59%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -15.99% | 909M | |
| +3.05% | 8.22B | |
| -23.13% | 2.87B | |
| -21.04% | 2.1B | |
| +10.24% | 2.07B | |
| -52.23% | 1.48B | |
| -19.36% | 1.33B | |
| -45.54% | 671M | |
| -36.13% | 575M | |
| -23.11% | 562M |
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- Financials KATITAS CO., Ltd.
