Financials Kura Sushi,Inc.

Equities

2695

JP3268200007

Restaurants & Bars

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-04-26 am EDT			5-day change	1st Jan Change
4,840 ^JPY	+2.54%		+4.31%	+41.94%

Apr. 24	Kura Sushi, Inc. to Open Kura Sushi Global Flagship Store Ginza	CI
2022	Kura Sushi,Inc. Reports Earnings Results for the Full Year Ended October 31, 2022	CI

Valuation

Fiscal Period: October	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	90,127	124,372	145,747	138,104	142,695	192,361	-	-
Enterprise Value (EV) ¹	73,832	118,805	148,949	153,447	157,828	204,479	204,301	203,823
P/E ratio	23.9 x	-473 x	76.6 x	186 x	165 x	49.9 x	43 x	35.3 x
Yield	0.88%	0.64%	0.54%	0.57%	0.56%	0.41%	0.43%	0.45%
Capitalization / Revenue	0.66 x	0.92 x	0.99 x	0.75 x	0.67 x	0.83 x	0.78 x	0.73 x
EV / Revenue	0.54 x	0.87 x	1.01 x	0.84 x	0.75 x	0.89 x	0.83 x	0.77 x
EV / EBITDA	7.75 x	21.1 x	41.5 x	23.5 x	14 x	13.7 x	12.1 x	10.7 x
EV / FCF	36.5 x	198 x	-44.1 x	-71 x	-193 x	63.7 x	50.6 x	40.2 x
FCF Yield	2.74%	0.5%	-2.27%	-1.41%	-0.52%	1.57%	1.98%	2.49%
Price to Book	2.05 x	2.82 x	3.02 x	2.75 x	2.63 x	3.53 x	3.35 x	3.16 x
Nbr of stocks (in thousands)	39,486	39,546	39,659	39,685	39,748	39,744	-	-
Reference price ²	2,282	3,145	3,675	3,480	3,590	4,840	4,840	4,840
Announcement Date	12/12/19	12/2/20	12/7/21	12/12/22	12/12/23	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: October	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	136,134	135,835	147,592	183,053	211,405	230,613	247,143	265,156
EBITDA ¹	9,526	5,640	3,591	6,518	11,293	14,944	16,893	18,974
EBIT ¹	5,475	350	-2,678	-1,113	2,456	5,495	6,656	8,188
Operating Margin	4.02%	0.26%	-1.81%	-0.61%	1.16%	2.38%	2.69%	3.09%
Earnings before Tax (EBT) ¹	5,876	439	2,923	1,905	2,210	5,314	6,434	7,751
Net income ¹	3,766	-262	1,901	744	863	3,845	4,464	5,440
Net margin	2.77%	-0.19%	1.29%	0.41%	0.41%	1.67%	1.81%	2.05%
EPS ²	95.40	-6.650	47.98	18.76	21.72	96.98	112.6	137.0
Free Cash Flow ¹	2,024	599	-3,378	-2,161	-817	3,209	4,038	5,076
FCF margin	1.49%	0.44%	-2.29%	-1.18%	-0.39%	1.39%	1.63%	1.91%
FCF Conversion (EBITDA)	21.25%	10.62%	-	-	-	21.47%	23.9%	26.75%
FCF Conversion (Net income)	53.74%	-	-	-	-	83.45%	90.46%	93.29%
Dividend per Share ²	20.00	20.00	20.00	20.00	20.00	20.00	20.60	22.00
Announcement Date	12/12/19	12/2/20	12/7/21	12/12/22	12/12/23	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: October	2019 S2	2020 S1	2020 S2	2021 S1	2021 Q4	2021 S2	2022 Q1	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
Net sales ¹	69,742	65,342	70,493	74,584	37,014	73,008	46,452	42,860	89,312	45,444	48,297	93,741	51,292	50,553	101,845	53,222	56,338	109,560	56,110	56,387	111,800	58,268	60,903	121,000	60,200	60,500
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	3,116	-491	841	304	-1,668	-2,982	687	-364	323	-705	-731	-1,436	-671	-515	-1,186	810	2,832	3,642	1,748	1,101	1,600	1,519	2,163	1,900	1,800	1,300
Operating Margin	4.47%	-0.75%	1.19%	0.41%	-4.51%	-4.08%	1.48%	-0.85%	0.36%	-1.55%	-1.51%	-1.53%	-1.31%	-1.02%	-1.16%	1.52%	5.03%	3.32%	3.12%	1.95%	1.43%	2.61%	3.55%	1.57%	2.99%	2.15%
Earnings before Tax (EBT) ¹	-	-429	868	1,138	-	-	2,644	-	3,487	-544	-	-	-759	-	-1,203	937	2,476	-	1,830	1,571	-	1,765	2,390	-	-	-
Net income ¹	2,053	-959	697	668	1,127	-	1,708	493	2,201	-490	-967	-	-624	-471	-1,095	446	1,512	-	1,264	812	-	1,220	1,199	-	1,200	800
Net margin	2.94%	-1.47%	0.99%	0.9%	3.04%	-	3.68%	1.15%	2.46%	-1.08%	-2%	-	-1.22%	-0.93%	-1.08%	0.84%	2.68%	-	2.25%	1.44%	-	2.09%	1.97%	-	1.99%	1.32%
EPS	-	-24.28	-	16.89	-	-	43.07	-	55.49	-12.35	-	-	-15.70	-	-27.55	11.20	-	-	31.80	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	12/12/19	7/9/20	12/2/20	6/9/21	12/7/21	12/7/21	3/9/22	6/8/22	6/8/22	9/6/22	12/12/22	12/12/22	3/10/23	6/9/23	6/9/23	9/8/23	12/12/23	12/12/23	3/12/24	-	-	-	-	-	-	-

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: October	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	3,202	15,343	15,133	12,118	11,940	11,462
Net Cash position ¹	16,295	5,567	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	0.8917 x	2.354 x	1.34 x	0.8109 x	0.7068 x	0.6041 x
Free Cash Flow ¹	2,024	599	-3,378	-2,161	-817	3,209	4,038	5,076
ROE (net income / shareholders' equity)	9.1%	-2.3%	4.1%	1.5%	1.7%	5.91%	5.73%	6.61%
ROA (Net income/ Total Assets)	9.64%	1.48%	3.45%	2.36%	2.4%	4.85%	5.6%	4.76%
Assets ¹	39,067	-17,696	55,129	31,584	35,894	79,278	79,714	114,289
Book Value Per Share ²	1,114	1,116	1,216	1,265	1,363	1,373	1,444	1,533
Cash Flow per Share ²	198.0	127.0	206.0	211.0	244.0	274.0	286.0	297.0
Capex ¹	5,586	7,014	12,472	18,247	20,185	12,004	11,914	12,295
Capex / Sales	4.1%	5.16%	8.45%	9.97%	9.55%	5.21%	4.82%	4.64%
Announcement Date	12/12/19	12/2/20	12/7/21	12/12/22	12/12/23	-	-	-

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 Kura Sushi,Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

4,840 JPY

Average target price

4,140 JPY

Spread / Average Target

-14.46%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Quick Service Restaurants

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KURA SUSHI,INC.	+41.94%	1.22B
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