KYB CORPORATION |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5,390 JPY | +0.75% |
|
+2.47% | +9.89% |
| 2023 | Tranche Update on KYB Corporation's Equity Buyback Plan announced on June 23, 2023. | CI |
| 2023 | Tranche Update on KYB Corporation's Equity Buyback Plan announced on June 23, 2023. | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 69,429 | 52,849 | 77,140 | 75,988 | 102,710 | 132,204 | - | - |
| Enterprise Value (EV) 1 | 111,638 | 124,408 | 133,286 | 114,726 | 143,668 | 153,736 | 130,180 | 114,163 |
| P/E ratio | -2.8 x | -0.85 x | 4.51 x | 3.48 x | 3.91 x | 8.56 x | 7.16 x | 6.17 x |
| Yield | - | - | 2.48% | 3.53% | 4.98% | 3.9% | 4.27% | 4.73% |
| Capitalization / Revenue | 0.17 x | 0.14 x | 0.24 x | 0.2 x | 0.24 x | 0.3 x | 0.28 x | 0.25 x |
| EV / Revenue | 0.27 x | 0.33 x | 0.41 x | 0.3 x | 0.33 x | 0.35 x | 0.28 x | 0.22 x |
| EV / EBITDA | - | - | 3.61 x | 2.37 x | 2.81 x | 3.38 x | 2.61 x | 2.13 x |
| EV / FCF | -32.9 x | -4.39 x | 17.8 x | 8.58 x | 13.8 x | 5.47 x | 4.3 x | 4.89 x |
| FCF Yield | -3.04% | -22.8% | 5.63% | 11.7% | 7.24% | 18.3% | 23.2% | 20.4% |
| Price to Book | 0.46 x | 0.71 x | 0.7 x | 0.54 x | 0.6 x | 0.76 x | 0.71 x | 0.65 x |
| Nbr of stocks (in thousands) | 25,544 | 25,543 | 25,543 | 25,542 | 25,550 | 24,528 | - | - |
| Reference price 2 | 2,718 | 2,069 | 3,020 | 2,975 | 4,020 | 5,390 | 5,390 | 5,390 |
| Announcement Date | 5/14/19 | 5/27/20 | 5/13/21 | 5/13/22 | 5/11/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 412,214 | 381,584 | 328,037 | 388,360 | 431,205 | 440,000 | 470,000 | 520,000 |
| EBITDA 1 | - | - | 36,931 | 48,315 | 51,199 | 45,500 | 49,900 | 53,500 |
| EBIT 1 | 22,010 | -40,298 | 18,297 | 30,001 | 32,547 | 25,500 | 29,400 | 33,500 |
| Operating Margin | 5.34% | -10.56% | 5.58% | 7.73% | 7.55% | 5.8% | 6.26% | 6.44% |
| Earnings before Tax (EBT) 1 | -29,510 | -41,419 | 16,340 | 28,817 | 31,770 | 24,200 | 28,400 | 32,500 |
| Net income 1 | -24,757 | -61,879 | 17,087 | 22,549 | 27,210 | 16,700 | 19,800 | 22,800 |
| Net margin | -6.01% | -16.22% | 5.21% | 5.81% | 6.31% | 3.8% | 4.21% | 4.38% |
| EPS 2 | -969.2 | -2,423 | 669.0 | 855.0 | 1,028 | 629.5 | 753.3 | 873.1 |
| Free Cash Flow 1 | -3,395 | -28,346 | 7,504 | 13,376 | 10,397 | 28,122 | 30,254 | 23,339 |
| FCF margin | -0.82% | -7.43% | 2.29% | 3.44% | 2.41% | 6.39% | 6.44% | 4.49% |
| FCF Conversion (EBITDA) | - | - | 20.32% | 27.68% | 20.31% | 61.81% | 60.63% | 43.62% |
| FCF Conversion (Net income) | - | - | 43.92% | 59.32% | 38.21% | 168.4% | 152.8% | 102.36% |
| Dividend per Share 2 | - | - | 75.00 | 105.0 | 200.0 | 210.0 | 230.0 | 255.0 |
| Announcement Date | 5/14/19 | 5/27/20 | 5/13/21 | 5/13/22 | 5/11/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2024 Q1 | 2024 S1 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 197,638 | 138,825 | 185,882 | 100,252 | 100,409 | 209,886 | 106,931 | 107,268 | 217,906 | 110,830 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 4,498 | -1,418 | 13,797 | 9,529 | 7,479 | 14,826 | 5,593 | 6,381 | 11,121 | 4,267 |
| Operating Margin | 2.28% | -1.02% | 7.42% | 9.51% | 7.45% | 7.06% | 5.23% | 5.95% | 5.1% | 3.85% |
| Earnings before Tax (EBT) 1 | 4,205 | -3,432 | 12,674 | 9,507 | 7,521 | 14,535 | 5,604 | 6,370 | 10,670 | 3,935 |
| Net income 1 | 1,666 | -3,757 | 9,502 | 7,872 | 5,012 | 10,604 | 4,370 | 5,070 | 8,170 | 2,787 |
| Net margin | 0.84% | -2.71% | 5.11% | 7.85% | 4.99% | 5.05% | 4.09% | 4.73% | 3.75% | 2.51% |
| EPS 2 | 65.20 | -147.1 | 362.4 | 298.9 | 187.1 | 396.7 | 161.8 | 189.3 | 303.1 | 102.2 |
| Dividend per Share | - | - | 45.00 | - | - | 70.00 | - | - | 100.0 | - |
| Announcement Date | 11/13/19 | 11/6/20 | 11/5/21 | 2/8/22 | 8/5/22 | 11/4/22 | 2/8/23 | 8/8/23 | 11/7/23 | 2/8/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 42,209 | 71,559 | 56,146 | 38,738 | 40,958 | 21,532 | - | - |
| Net Cash position 1 | - | - | - | - | - | - | 2,024 | 18,041 |
| Leverage (Debt/EBITDA) | - | - | 1.52 x | 0.8018 x | 0.8 x | 0.4732 x | - | - |
| Free Cash Flow 1 | -3,395 | -28,346 | 7,504 | 13,376 | 10,397 | 28,122 | 30,254 | 23,339 |
| ROE (net income / shareholders' equity) | -15% | -55.4% | 18.5% | 17.1% | 16.2% | 8.9% | 10% | 10.8% |
| ROA (Net income/ Total Assets) | -6.91% | -9.73% | 3.9% | 6.7% | 7.21% | 5.4% | 6.3% | 7% |
| Assets 1 | 358,044 | 636,081 | 437,678 | 336,792 | 377,284 | 309,259 | 314,286 | 325,714 |
| Book Value Per Share 2 | 5,846 | 2,901 | 4,333 | 5,508 | 6,658 | 7,122 | 7,645 | 8,263 |
| Cash Flow per Share 2 | -281.0 | -1,615 | 1,398 | 1,600 | 1,795 | 1,428 | 1,572 | 1,672 |
| Capex 1 | 20,442 | 20,668 | 13,322 | 14,588 | 14,595 | 15,400 | 16,000 | 17,000 |
| Capex / Sales | 4.96% | 5.42% | 4.06% | 3.76% | 3.38% | 3.5% | 3.4% | 3.27% |
| Announcement Date | 5/14/19 | 5/27/20 | 5/13/21 | 5/13/22 | 5/11/23 | - | - | - |
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
HOLD
Number of Analysts
1
Last Close Price
5,390
JPY
Average target price
5,500
JPY
Spread / Average Target
+2.04%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +9.89% | 840M | |
| +21.53% | 39.82B | |
| +64.98% | 10.77B | |
| +62.04% | 5.05B | |
| -14.64% | 2.85B | |
| +6.98% | 2.77B | |
| +33.25% | 2.61B | |
| +1.65% | 2.22B | |
| +89.14% | 1.98B | |
| -6.47% | 1.33B |
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- Financials KYB Corporation
