Financials Koa Shoji Holdings Co.,Ltd.

Equities

9273

JP3283420002

Commodity Chemicals

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-05-02 am EDT			5-day change	1st Jan Change
842 ^JPY	+0.48%		+3.57%	+15.03%

Feb. 14	Koa Shoji Holdings Co.,Ltd. Provides Dividend Guidance for the Fiscal Year Ending June 30, 2024	CI
2023	Koa Shoji Holdings Co.,Ltd. Provides Dividend Guidance for the Year Ending June 30, 2024	CI

Valuation

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	8,092	19,007	27,060	28,446	27,337	33,359	-	-
Enterprise Value (EV) ¹	7,726	17,131	22,673	22,814	19,710	23,944	23,017	24,859
P/E ratio	12.4 x	10.9 x	12.7 x	12.1 x	10.2 x	11.5 x	10.1 x	9.54 x
Yield	2.94%	1.77%	1.46%	1.53%	1.74%	1.54%	1.66%	1.78%
Capitalization / Revenue	0.53 x	1.19 x	1.52 x	1.4 x	1.24 x	1.46 x	1.37 x	1.31 x
EV / Revenue	0.51 x	1.07 x	1.27 x	1.12 x	0.89 x	1.05 x	0.95 x	0.98 x
EV / EBITDA	4.45 x	6 x	5.66 x	5.09 x	3.99 x	4.49 x	3.8 x	3.88 x
EV / FCF	-28.8 x	8.04 x	7.97 x	14.1 x	8.48 x	9.16 x	12.6 x	-27.7 x
FCF Yield	-3.47%	12.4%	12.6%	7.09%	11.8%	10.9%	7.92%	-3.61%
Price to Book	0.6 x	1.27 x	1.62 x	1.52 x	1.31 x	1.43 x	1.28 x	1.15 x
Nbr of stocks (in thousands)	39,619	39,619	39,619	39,619	39,619	39,619	-	-
Reference price ²	204.2	479.8	683.0	718.0	690.0	842.0	842.0	842.0
Announcement Date	8/8/19	8/12/20	8/11/21	8/10/22	8/10/23	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	15,206	16,034	17,816	20,353	22,052	22,900	24,300	25,400
EBITDA ¹	1,738	2,854	4,003	4,486	4,943	5,336	6,050	6,400
EBIT ¹	1,210	2,329	3,377	3,807	4,249	4,600	5,200	5,500
Operating Margin	7.96%	14.53%	18.95%	18.7%	19.27%	20.09%	21.4%	21.65%
Earnings before Tax (EBT) ¹	1,312	2,427	3,404	3,753	4,091	4,600	5,200	5,500
Net income ¹	653	1,745	2,136	2,359	2,687	2,910	3,300	3,500
Net margin	4.29%	10.88%	11.99%	11.59%	12.18%	12.71%	13.58%	13.78%
EPS ²	16.50	44.05	53.94	59.55	67.83	73.50	83.30	88.30
Free Cash Flow ¹	-268	2,132	2,846	1,617	2,324	2,614	1,823	-898
FCF margin	-1.76%	13.3%	15.97%	7.94%	10.54%	11.41%	7.5%	-3.54%
FCF Conversion (EBITDA)	-	74.71%	71.1%	36.05%	47.02%	48.99%	30.13%	-
FCF Conversion (Net income)	-	122.18%	133.23%	68.54%	86.49%	89.83%	55.24%	-
Dividend per Share ²	6.000	8.500	10.00	11.00	12.00	13.00	14.00	15.00
Announcement Date	8/8/19	8/12/20	8/11/21	8/10/22	8/10/23	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June	2020 S1	2021 S1	2021 S2	2022 Q1	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
Net sales ¹	7,361	8,558	9,258	4,845	5,510	10,355	4,681	5,317	5,358	5,808	11,166	4,993	5,893	5,823	5,559	11,382	5,317	6,200
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	907	1,593	1,784	870	1,297	2,167	882	758	1,015	1,145	2,160	1,116	973	1,197	1,196	2,393	1,106	1,100
Operating Margin	12.32%	18.61%	19.27%	17.96%	23.54%	20.93%	18.84%	14.26%	18.94%	19.71%	19.34%	22.35%	16.51%	20.56%	21.51%	21.02%	20.8%	17.74%
Earnings before Tax (EBT) ¹	947	1,643	1,761	875	1,271	2,146	924	-	979	1,197	2,176	1,037	878	1,191	1,249	2,440	1,059	1,100
Net income ¹	618	1,126	1,010	605	792	1,397	586	376	605	789	1,394	685	608	757	806	1,563	641	705
Net margin	8.4%	13.16%	10.91%	12.49%	14.37%	13.49%	12.52%	7.07%	11.29%	13.58%	12.48%	13.72%	10.32%	13%	14.5%	13.73%	12.06%	11.37%
EPS	15.62	28.42	-	15.29	-	35.28	14.79	-	15.29	-	35.19	17.29	-	19.12	-	39.46	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	2/12/20	2/10/21	8/11/21	11/11/21	2/10/22	2/10/22	5/12/22	8/10/22	11/11/22	2/10/23	2/10/23	5/11/23	8/10/23	11/13/23	2/13/24	2/13/24	-	-

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	366	1,876	4,387	5,632	7,627	9,415	10,342	8,500
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-268	2,132	2,846	1,617	2,324	2,614	1,823	-898
ROE (net income / shareholders' equity)	5%	12.3%	13.5%	13.3%	13.6%	13.2%	13.4%	12.7%
ROA (Net income/ Total Assets)	5.84%	10.5%	14.3%	14.7%	15%	15.5%	16.1%	15.6%
Assets ¹	11,177	16,584	14,968	16,045	17,968	18,774	20,497	22,436
Book Value Per Share ²	338.0	376.0	422.0	471.0	528.0	589.0	658.0	731.0
Cash Flow per Share	29.80	57.30	69.70	76.70	85.30	-	-	-
Capex ¹	652	145	335	387	412	1,000	2,000	5,000
Capex / Sales	4.29%	0.9%	1.88%	1.9%	1.87%	4.37%	8.23%	19.69%
Announcement Date	8/8/19	8/12/20	8/11/21	8/10/22	8/10/23	-	-	-

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

Ratings for Koa Shoji Holdings Co.,Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

842 JPY

Average target price

1,500 JPY

Spread / Average Target

+78.15%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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