KURARAY CO., LTD |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,720 JPY | +0.41% |
|
+1.80% | +20.69% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 457,489 | 377,285 | 343,662 | 354,105 | 477,197 | 575,948 | - | - |
| Enterprise Value (EV) 1 | 588,999 | 526,432 | 495,303 | 549,934 | 624,599 | 694,213 | 657,031 | 611,957 |
| P/E ratio | -235 x | 147 x | 9.22 x | 6.57 x | 11.2 x | 12.1 x | 10 x | 8.97 x |
| Yield | 3.16% | 3.65% | 4% | 4.16% | 3.51% | 3% | 3.29% | 3.58% |
| Capitalization / Revenue | 0.79 x | 0.7 x | 0.55 x | 0.47 x | 0.61 x | 0.7 x | 0.67 x | 0.64 x |
| EV / Revenue | 1.02 x | 0.97 x | 0.79 x | 0.73 x | 0.8 x | 0.84 x | 0.76 x | 0.68 x |
| EV / EBITDA | 5.24 x | 4.93 x | 3.77 x | 3.6 x | 4.09 x | 4.18 x | 3.67 x | 3.23 x |
| EV / FCF | -329 x | 162 x | 39.2 x | -26.3 x | 10.1 x | 14.5 x | 11.4 x | 9.48 x |
| FCF Yield | -0.3% | 0.62% | 2.55% | -3.8% | 9.93% | 6.92% | 8.75% | 10.6% |
| Price to Book | 0.87 x | 0.76 x | 0.61 x | 0.55 x | 0.67 x | 0.77 x | 0.73 x | 0.69 x |
| Nbr of stocks (in thousands) | 343,718 | 343,924 | 344,006 | 334,693 | 334,757 | 334,756 | - | - |
| Reference price 2 | 1,331 | 1,097 | 999.0 | 1,058 | 1,426 | 1,720 | 1,720 | 1,720 |
| Announcement Date | 2/13/20 | 2/10/21 | 2/9/22 | 2/9/23 | 2/8/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 575,807 | 541,797 | 629,370 | 756,376 | 780,938 | 824,635 | 859,944 | 893,889 |
| EBITDA 1 | 112,331 | 106,800 | 131,259 | 152,595 | 152,638 | 166,050 | 179,043 | 189,714 |
| EBIT 1 | 54,173 | 44,341 | 72,256 | 87,139 | 75,475 | 83,410 | 94,489 | 103,944 |
| Operating Margin | 9.41% | 8.18% | 11.48% | 11.52% | 9.66% | 10.11% | 10.99% | 11.63% |
| Earnings before Tax (EBT) 1 | 2,893 | 9,127 | 58,697 | 77,997 | 61,273 | 69,875 | 84,800 | 94,800 |
| Net income 1 | -1,956 | 2,570 | 37,262 | 54,307 | 42,446 | 47,625 | 57,289 | 63,822 |
| Net margin | -0.34% | 0.47% | 5.92% | 7.18% | 5.44% | 5.78% | 6.66% | 7.14% |
| EPS 2 | -5.660 | 7.480 | 108.3 | 161.1 | 126.8 | 142.4 | 171.6 | 191.8 |
| Free Cash Flow 1 | -1,789 | 3,247 | 12,626 | -20,872 | 62,016 | 48,033 | 57,467 | 64,567 |
| FCF margin | -0.31% | 0.6% | 2.01% | -2.76% | 7.94% | 5.82% | 6.68% | 7.22% |
| FCF Conversion (EBITDA) | - | 3.04% | 9.62% | - | 40.63% | 28.93% | 32.1% | 34.03% |
| FCF Conversion (Net income) | - | 126.34% | 33.88% | - | 146.11% | 100.86% | 100.31% | 101.17% |
| Dividend per Share 2 | 42.00 | 40.00 | 40.00 | 44.00 | 50.00 | 51.70 | 56.54 | 61.51 |
| Announcement Date | 2/13/20 | 2/10/21 | 2/9/22 | 2/9/23 | 2/8/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q3 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 288,388 | 262,006 | 279,791 | 302,296 | 156,863 | 170,211 | 327,074 | 167,558 | 190,482 | 358,040 | 195,110 | 203,226 | 398,336 | 184,965 | 196,033 | 380,998 | 193,376 | 206,564 | 399,940 | 190,400 | 196,975 | 346,700 | 205,000 | 239,862 | 483,500 | 213,600 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 26,252 | 19,611 | 24,730 | 30,398 | 23,920 | 17,938 | 41,858 | 22,145 | 15,944 | 38,089 | 32,757 | 16,293 | 49,050 | 21,324 | 19,646 | 40,970 | 20,732 | 13,773 | 34,505 | 20,117 | 18,817 | 38,900 | 22,683 | 21,550 | 45,100 | 23,000 |
| Operating Margin | 9.1% | 7.48% | 8.84% | 10.06% | 15.25% | 10.54% | 12.8% | 13.22% | 8.37% | 10.64% | 16.79% | 8.02% | 12.31% | 11.53% | 10.02% | 10.75% | 10.72% | 6.67% | 8.63% | 10.57% | 9.55% | 11.22% | 11.07% | 8.98% | 9.33% | 10.77% |
| Earnings before Tax (EBT) | - | 13,264 | - | 21,699 | 22,177 | - | - | 19,151 | - | 34,645 | 31,702 | - | - | 13,135 | - | 31,342 | 21,955 | - | - | - | - | - | - | - | - | - |
| Net income 1 | - | 9,160 | -6,590 | 11,710 | 16,892 | 8,660 | 25,552 | 12,701 | 11,506 | 24,207 | 22,967 | 7,133 | 30,100 | 8,152 | 13,690 | 21,842 | 14,645 | 5,959 | 20,604 | 9,267 | 11,367 | 21,850 | 14,967 | 13,633 | 26,100 | 6,800 |
| Net margin | - | 3.5% | -2.36% | 3.87% | 10.77% | 5.09% | 7.81% | 7.58% | 6.04% | 6.76% | 11.77% | 3.51% | 7.56% | 4.41% | 6.98% | 5.73% | 7.57% | 2.88% | 5.15% | 4.87% | 5.77% | 6.3% | 7.3% | 5.68% | 5.4% | 3.18% |
| EPS 2 | - | 26.64 | - | 34.04 | 49.11 | 25.17 | - | 37.11 | 34.21 | 71.32 | 68.32 | 21.49 | - | 24.36 | 40.90 | 65.26 | 43.74 | 17.80 | - | 25.28 | 37.72 | - | 42.36 | 41.18 | - | 20.32 |
| Dividend per Share 2 | - | 21.00 | - | 20.00 | - | - | - | - | - | 21.00 | - | - | - | - | - | 25.00 | - | - | - | - | 25.00 | - | - | 25.00 | - | - |
| Announcement Date | 2/13/20 | 8/12/20 | 2/10/21 | 8/12/21 | 11/10/21 | 2/9/22 | 2/9/22 | 5/12/22 | 8/10/22 | 8/10/22 | 11/9/22 | 2/9/23 | 2/9/23 | 5/12/23 | 8/9/23 | 8/9/23 | 11/9/23 | 2/8/24 | 2/8/24 | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 131,510 | 149,147 | 151,641 | 195,829 | 147,402 | 118,265 | 81,083 | 36,009 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.171 x | 1.397 x | 1.155 x | 1.283 x | 0.9657 x | 0.7122 x | 0.4529 x | 0.1898 x |
| Free Cash Flow 1 | -1,789 | 3,247 | 12,626 | -20,872 | 62,016 | 48,033 | 57,467 | 64,567 |
| ROE (net income / shareholders' equity) | -0.4% | 0.5% | 7% | 9% | 6.2% | 6.78% | 7.82% | 8.26% |
| ROA (Net income/ Total Assets) | 4.98% | 3.89% | 6.42% | 7.27% | 5.58% | 5.1% | 6.09% | 6.78% |
| Assets 1 | -39,270 | 66,052 | 580,510 | 747,011 | 761,298 | 933,824 | 941,477 | 942,025 |
| Book Value Per Share 2 | 1,528 | 1,450 | 1,628 | 1,932 | 2,134 | 2,224 | 2,347 | 2,487 |
| Cash Flow per Share 2 | 163.0 | 189.0 | 280.0 | 355.0 | 357.0 | 375.0 | - | - |
| Capex 1 | 97,366 | 76,700 | 68,408 | 72,599 | 67,282 | 71,660 | 69,880 | 72,940 |
| Capex / Sales | 16.91% | 14.16% | 10.87% | 9.6% | 8.62% | 8.69% | 8.13% | 8.16% |
| Announcement Date | 2/13/20 | 2/10/21 | 2/9/22 | 2/9/23 | 2/8/24 | - | - | - |
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+
Sell
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
1,720
JPY
Average target price
1,904
JPY
Spread / Average Target
+10.69%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +20.69% | 3.66B | |
| +5.14% | 103B | |
| -5.63% | 63.04B | |
| +39.52% | 39.06B | |
| +12.91% | 37.58B | |
| +7.41% | 33.24B | |
| +6.85% | 19.22B | |
| +12.86% | 16.83B | |
| +7.73% | 15.03B | |
| +16.93% | 14.96B |
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- Financials Kuraray Co., Ltd
