Financials Link and Motivation Inc.

Equities

2170

JP3977020001

Employment Services

Market Closed - Japan Exchange 02:00:00 2024-04-26 am EDT 5-day change 1st Jan Change
506 JPY +1.20% Intraday chart for Link and Motivation Inc. +3.48% -9.16%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 66,731 61,379 57,707 71,168 62,182 54,727 - -
Enterprise Value (EV) 1 94,606 83,308 66,666 76,181 65,889 56,987 54,910 52,531
P/E ratio 61.7 x -61.6 x 63 x 37.1 x 21.8 x 16.7 x 13.7 x 11.4 x
Yield 1.13% 1.23% 1.35% 1.19% 2.03% 2.29% 2.57% 2.96%
Capitalization / Revenue 1.75 x 1.74 x 1.77 x 2.17 x 1.83 x 1.47 x 1.33 x 1.2 x
EV / Revenue 2.48 x 2.36 x 2.04 x 2.32 x 1.94 x 1.53 x 1.33 x 1.15 x
EV / EBITDA 21.1 x 27.4 x 13.5 x 14.2 x 10.5 x 9.05 x 7.42 x 6.18 x
EV / FCF 36.8 x 27.6 x - - 17.8 x 21.4 x 16 x 13.3 x
FCF Yield 2.72% 3.62% - - 5.62% 4.68% 6.26% 7.52%
Price to Book 9.47 x 16.3 x 8.19 x 7.86 x 6 x 4.07 x 3.41 x 2.85 x
Nbr of stocks (in thousands) 104,922 104,922 104,922 110,338 111,637 108,156 - -
Reference price 2 636.0 585.0 550.0 645.0 557.0 506.0 506.0 506.0
Announcement Date 2/13/20 2/12/21 2/14/22 2/13/23 2/13/24 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 38,191 35,278 32,644 32,776 33,969 37,150 41,150 45,600
EBITDA 1 4,487 3,039 4,936 5,351 6,298 6,300 7,400 8,500
EBIT 1 2,007 241 2,066 3,627 4,623 5,450 6,700 8,000
Operating Margin 5.26% 0.68% 6.33% 11.07% 13.61% 14.67% 16.28% 17.54%
Earnings before Tax (EBT) 1 1,904 58 1,903 3,501 4,567 5,350 6,600 7,900
Net income 1 1,086 -996 918 1,941 2,842 3,315 4,050 4,835
Net margin 2.84% -2.82% 2.81% 5.92% 8.37% 8.92% 9.84% 10.6%
EPS 2 10.30 -9.500 8.730 17.40 25.51 30.30 37.00 44.20
Free Cash Flow 1 2,572 3,015 - - 3,703 2,667 3,440 3,950
FCF margin 6.73% 8.55% - - 10.9% 7.18% 8.36% 8.66%
FCF Conversion (EBITDA) 57.32% 99.21% - - 58.8% 42.33% 46.49% 46.47%
FCF Conversion (Net income) 236.83% - - - 130.3% 80.45% 84.94% 81.7%
Dividend per Share 2 7.200 7.200 7.400 7.700 11.30 11.60 13.00 15.00
Announcement Date 2/13/20 2/12/21 2/14/22 2/13/23 2/13/24 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q3 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 Q3 2024 Q4
Net sales 1 17,400 18,370 8,946 7,947 8,819 16,766 7,633 8,377 8,008 8,707 16,715 8,337 8,917 8,800 9,500 8,950 9,850
EBITDA - - - - - - - - - - - - - - - - -
EBIT 1 767 1,484 613 800 1,169 1,969 1,174 484 865 1,350 2,215 1,108 1,300 1,020 1,620 1,200 1,460
Operating Margin 4.41% 8.08% 6.85% 10.07% 13.26% 11.74% 15.38% 5.78% 10.8% 15.5% 13.25% 13.29% 14.58% 11.59% 17.05% 13.41% 14.82%
Earnings before Tax (EBT) 1 702 1,398 564 723 1,156 1,879 1,155 467 848 1,342 2,190 1,093 1,284 1,000 1,590 1,180 1,430
Net income 1 383 834 351 318 589 907 838 196 422 833 1,255 574 1,013 589 995 713 932
Net margin 2.2% 4.54% 3.92% 4% 6.68% 5.41% 10.98% 2.34% 5.27% 9.57% 7.51% 6.88% 11.36% 6.69% 10.47% 7.97% 9.46%
EPS 3.660 7.950 3.350 2.850 - 8.140 7.500 - 3.790 - 11.25 5.140 - - - - -
Dividend per Share 3.600 3.600 1.900 1.900 - 3.800 1.900 - 2.800 - 5.600 2.800 2.900 - - - -
Announcement Date 8/7/20 8/11/21 11/12/21 5/12/22 8/10/22 8/10/22 11/11/22 2/13/23 5/12/23 8/10/23 8/10/23 11/13/23 2/13/24 - - - -
1JPY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 27,875 21,929 8,959 5,013 3,707 2,260 183 -
Net Cash position 1 - - - - - - - 2,196
Leverage (Debt/EBITDA) 6.212 x 7.216 x 1.815 x 0.9368 x 0.5886 x 0.3587 x 0.0247 x -
Free Cash Flow 1 2,572 3,015 - - 3,703 2,667 3,440 3,950
ROE (net income / shareholders' equity) 14.7% -17.2% 16.3% 23.3% 29.6% 29.7% 29.2% 28.4%
ROA (Net income/ Total Assets) 5.26% -2.32% 2.58% 11.9% 15.3% 16.6% 19.2% 21.4%
Assets 1 20,662 42,931 35,573 16,359 18,605 19,970 21,094 22,593
Book Value Per Share 2 67.10 35.80 67.20 82.10 92.90 124.0 148.0 178.0
Cash Flow per Share 33.80 17.20 36.00 32.90 40.50 - - -
Capex 1 337 955 330 1,035 639 1,000 1,000 1,000
Capex / Sales 0.88% 2.71% 1.01% 3.16% 1.88% 2.69% 2.43% 2.19%
Announcement Date 2/13/20 2/12/21 2/14/22 2/13/23 2/13/24 - - -
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
D-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
506 JPY
Average target price
820 JPY
Spread / Average Target
+62.06%
Consensus
  1. Stock Market
  2. Equities
  3. 2170 Stock
  4. Financials Link and Motivation Inc.