Financials Mainichi Comnet Co., Ltd.

Equities

8908

JP3860280001

Real Estate Development & Operations

Market Closed - Japan Exchange 02:00:00 2024-04-26 am EDT 5-day change 1st Jan Change
791 JPY -1.62% Intraday chart for Mainichi Comnet Co., Ltd. +1.54% +7.18%

Valuation

Fiscal Period: May 2018 2019 2020 2021 2022 2023
Capitalization 1 17,244 12,924 15,030 12,546 12,438 12,865
Enterprise Value (EV) 1 22,910 19,580 22,686 19,492 18,555 18,914
P/E ratio 15.9 x 10.3 x 12.5 x 13.2 x 11.2 x 9.48 x
Yield 1.98% 3.48% 3.35% 4.02% 4.05% 3.84%
Capitalization / Revenue 1.03 x 0.74 x 0.84 x 0.74 x 0.66 x 0.61 x
EV / Revenue 1.36 x 1.12 x 1.26 x 1.15 x 0.98 x 0.89 x
EV / EBITDA 9.9 x 7.6 x 7.91 x 9.16 x 7.72 x 6.87 x
EV / FCF -15.6 x -49.7 x -73 x 16.2 x 13.2 x 18.4 x
FCF Yield -6.41% -2.01% -1.37% 6.16% 7.57% 5.43%
Price to Book 2.19 x 1.48 x 1.59 x 1.27 x 1.19 x 1.17 x
Nbr of stocks (in thousands) 18,000 18,000 18,000 18,000 18,000 17,623
Reference price 2 958.0 718.0 835.0 697.0 691.0 730.0
Announcement Date 8/23/18 8/22/19 8/21/20 8/20/21 8/29/22 8/28/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: May 2018 2019 2020 2021 2022 2023
Net sales 1 16,805 17,411 17,966 17,012 18,891 21,248
EBITDA 1 2,315 2,578 2,868 2,129 2,403 2,755
EBIT 1 1,769 2,033 2,262 1,500 1,783 2,082
Operating Margin 10.53% 11.68% 12.59% 8.82% 9.44% 9.8%
Earnings before Tax (EBT) 1 1,677 1,924 1,746 1,455 1,691 2,081
Net income 1 1,087 1,250 1,200 952 1,106 1,381
Net margin 6.47% 7.18% 6.68% 5.6% 5.85% 6.5%
EPS 2 60.39 69.45 66.67 52.89 61.45 76.97
Free Cash Flow 1 -1,468 -393.6 -310.8 1,201 1,404 1,028
FCF margin -8.73% -2.26% -1.73% 7.06% 7.43% 4.84%
FCF Conversion (EBITDA) - - - 56.39% 58.45% 37.3%
FCF Conversion (Net income) - - - 126.12% 126.99% 74.41%
Dividend per Share 2 19.00 25.00 28.00 28.00 28.00 28.00
Announcement Date 8/23/18 8/22/19 8/21/20 8/20/21 8/29/22 8/28/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: May 2020 S1 2021 S1 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3 2024 Q1 2024 S1 2024 Q3
Net sales 1 - 7,273 7,540 5,898 7,599 11,355 3,979 6,355 10,439 4,138
EBITDA - - - - - - - - - -
EBIT 1 - 122 302 247 870 864 -41 815 904 -34
Operating Margin - 1.68% 4.01% 4.19% 11.45% 7.61% -1.03% 12.82% 8.66% -0.82%
Earnings before Tax (EBT) 1 - 90 268 223 858 876 -45 808 890 -60
Net income 1 - 63 187 140 578 588 -43 555 601 -49
Net margin - 0.87% 2.48% 2.37% 7.61% 5.18% -1.08% 8.73% 5.76% -1.18%
EPS 2 - 3.510 10.42 7.770 32.14 32.70 -2.420 31.53 34.11 -2.770
Dividend per Share 8.000 8.000 8.000 - - 8.000 - - 8.000 -
Announcement Date - 1/7/21 1/12/22 4/6/22 10/6/22 1/12/23 4/6/23 10/11/23 1/11/24 4/10/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: May 2018 2019 2020 2021 2022 2023
Net Debt 1 5,666 6,656 7,656 6,946 6,117 6,049
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.448 x 2.582 x 2.669 x 3.263 x 2.546 x 2.196 x
Free Cash Flow 1 -1,468 -394 -311 1,201 1,405 1,028
ROE (net income / shareholders' equity) 14.6% 15.2% 13.3% 9.93% 10.9% 12.9%
ROA (Net income/ Total Assets) 5.3% 5.21% 5.35% 3.58% 4.3% 4.84%
Assets 1 20,525 23,983 22,420 26,597 25,693 28,530
Book Value Per Share 2 438.0 486.0 524.0 547.0 581.0 626.0
Cash Flow per Share 2 339.0 355.0 332.0 284.0 328.0 333.0
Capex 1 645 74 49 150 82 87
Capex / Sales 3.84% 0.43% 0.27% 0.88% 0.43% 0.41%
Announcement Date 8/23/18 8/22/19 8/21/20 8/20/21 8/29/22 8/28/23
1JPY in Million2JPY
Estimates
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