Financials Meiwa Corporation

Equities

8103

JP3920600008

Commodity Chemicals

Delayed Japan Exchange 08:18:22 2024-05-01 pm EDT 5-day change 1st Jan Change
713 JPY +3.48% Intraday chart for Meiwa Corporation +5.67% +9.09%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 20,673 18,585 20,798 20,506 38,255 28,649
Enterprise Value (EV) 1 20,412 19,453 18,865 15,429 39,437 28,178
P/E ratio 10 x 8.2 x 9.95 x 17.1 x 15.9 x 16.7 x
Yield 1.62% 2.25% 11.2% 3.05% 13% 3.64%
Capitalization / Revenue 0.15 x 0.12 x 0.15 x 0.16 x 0.27 x 0.18 x
EV / Revenue 0.14 x 0.13 x 0.14 x 0.12 x 0.28 x 0.18 x
EV / EBITDA 9.41 x 6.86 x 11.5 x 6.25 x 10.7 x 7.2 x
EV / FCF -15.5 x -23.1 x 5.44 x 6.26 x -6.95 x 6.99 x
FCF Yield -6.43% -4.34% 18.4% 16% -14.4% 14.3%
Price to Book 0.64 x 0.56 x 0.68 x 0.6 x 1.07 x 0.81 x
Nbr of stocks (in thousands) 41,763 41,763 41,763 41,763 41,763 41,763
Reference price 2 495.0 445.0 498.0 491.0 916.0 686.0
Announcement Date 6/26/18 6/25/19 6/25/20 6/25/21 6/24/22 6/23/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Marzo 2018 2019 2020 2021 2022 2023
Net sales 1 141,793 154,604 137,036 130,201 143,025 156,662
EBITDA 1 2,169 2,837 1,639 2,467 3,674 3,911
EBIT 1 2,004 2,637 1,484 2,240 3,403 3,656
Operating Margin 1.41% 1.71% 1.08% 1.72% 2.38% 2.33%
Earnings before Tax (EBT) 1 2,891 3,193 3,079 1,764 3,588 3,205
Net income 1 2,068 2,267 2,091 1,198 2,407 1,720
Net margin 1.46% 1.47% 1.53% 0.92% 1.68% 1.1%
EPS 2 49.52 54.28 50.07 28.69 57.63 41.18
Free Cash Flow 1 -1,313 -843.9 3,471 2,466 -5,674 4,034
FCF margin -0.93% -0.55% 2.53% 1.89% -3.97% 2.57%
FCF Conversion (EBITDA) - - 211.77% 99.95% - 103.14%
FCF Conversion (Net income) - - 165.99% 205.82% - 234.53%
Dividend per Share 2 8.000 10.00 56.00 15.00 119.0 25.00
Announcement Date 6/26/18 6/25/19 6/25/20 6/25/21 6/24/22 6/23/23
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 68,575 60,497 68,819 37,791 40,373 80,819 38,375 37,410 74,992 43,245
EBITDA - - - - - - - - - -
EBIT 1 597 992 1,489 1,079 962 1,981 1,031 676 1,229 1,077
Operating Margin 0.87% 1.64% 2.16% 2.86% 2.38% 2.45% 2.69% 1.81% 1.64% 2.49%
Earnings before Tax (EBT) 1 1,152 750 1,640 1,122 1,115 1,769 1,338 549 1,582 1,373
Net income 1 900 640 1,249 669 653 1,096 766 269 971 972
Net margin 1.31% 1.06% 1.81% 1.77% 1.62% 1.36% 2% 0.72% 1.29% 2.25%
EPS 2 21.55 15.33 29.91 16.02 15.65 26.25 18.34 6.450 23.27 23.33
Dividend per Share 44.00 - 47.00 - - - - - - -
Announcement Date 11/8/19 11/6/20 10/29/21 1/31/22 7/29/22 10/31/22 1/31/23 7/31/23 10/31/23 1/31/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - 868 - - 1,182 -
Net Cash position 1 261 - 1,933 5,077 - 471
Leverage (Debt/EBITDA) - 0.306 x - - 0.3217 x -
Free Cash Flow 1 -1,313 -844 3,471 2,466 -5,674 4,034
ROE (net income / shareholders' equity) 6.72% 6.97% 6.59% 3.72% 6.89% 4.99%
ROA (Net income/ Total Assets) 1.82% 2.26% 1.35% 2.06% 2.9% 2.91%
Assets 1 113,539 100,452 155,315 58,051 82,877 59,143
Book Value Per Share 2 772.0 791.0 736.0 824.0 854.0 849.0
Cash Flow per Share 2 150.0 106.0 167.0 226.0 126.0 202.0
Capex 1 276 144 418 325 64 46
Capex / Sales 0.19% 0.09% 0.31% 0.25% 0.04% 0.03%
Announcement Date 6/26/18 6/25/19 6/25/20 6/25/21 6/24/22 6/23/23
1JPY in Million2JPY
Estimates
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