Financials Meiwa Estate Company Limited

Equities

8869

JP3920850009

Real Estate Development & Operations

Market Closed - Japan Exchange 02:00:00 2024-04-26 am EDT 5-day change 1st Jan Change
972 JPY -0.21% Intraday chart for Meiwa Estate Company Limited +1.14% -20.07%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 14,214 11,924 17,575 14,162 19,649 22,791 - -
Enterprise Value (EV) 1 18,556 11,924 27,509 35,110 43,359 22,791 22,791 22,791
P/E ratio 6.99 x 24 x 6.46 x 5.49 x 4.45 x 6.42 x 6.7 x 6.33 x
Yield 5.25% 3.13% 4.96% 5.79% 5.37% 5.14% 5.14% 5.14%
Capitalization / Revenue 0.28 x 0.29 x 0.35 x 0.25 x 0.32 x 0.28 x 0.27 x 0.26 x
EV / Revenue 0.28 x 0.29 x 0.35 x 0.25 x 0.32 x 0.28 x 0.27 x 0.26 x
EV / EBITDA - - - - - - - -
EV / FCF 5,146,379 x -37,497,090 x -3,074,156 x - 185,369,650 x - - -
FCF Yield 0% -0% -0% - 0% - - -
Price to Book 0.6 x 0.51 x 0.68 x 0.53 x 0.66 x - - -
Nbr of stocks (in thousands) 24,894 24,894 24,894 23,448 23,448 23,448 - -
Reference price 2 571.0 479.0 706.0 604.0 838.0 972.0 972.0 972.0
Announcement Date 5/13/19 5/11/20 5/10/21 5/12/22 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 49,971 40,531 50,109 57,209 62,319 80,200 85,100 89,200
EBITDA - - - - - - - -
EBIT 1 3,004 1,638 3,626 4,169 5,941 6,000 6,000 6,400
Operating Margin 6.01% 4.04% 7.24% 7.29% 9.53% 7.48% 7.05% 7.17%
Earnings before Tax (EBT) 2,411 835 3,052 3,142 4,850 - - -
Net income 1 2,034 496 2,721 2,597 4,415 3,550 3,400 3,600
Net margin 4.07% 1.22% 5.43% 4.54% 7.08% 4.43% 4% 4.04%
EPS 2 81.74 19.94 109.3 110.0 188.3 151.4 145.0 153.5
Free Cash Flow 2,762 -318 -5,717 - 106 - - -
FCF margin 5.53% -0.78% -11.41% - 0.17% - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) 135.79% - - - 2.4% - - -
Dividend per Share 2 30.00 15.00 35.00 35.00 45.00 50.00 50.00 50.00
Announcement Date 5/13/19 5/11/20 5/10/21 5/12/22 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 20,455 28,962 23,801 9,063 11,654 17,684 10,444 14,058 30,048 7,441
EBITDA - - - - - - - - - -
EBIT 1 751 2,531 1,109 235 822 71 332 934 1,723 -770
Operating Margin 3.67% 8.74% 4.66% 2.59% 7.05% 0.4% 3.18% 6.64% 5.73% -10.35%
Earnings before Tax (EBT) 1 461 2,350 698 -80 538 -522 -10 680 1,261 -1,017
Net income 1 390 1,932 563 -71 475 -421 -19 585 1,110 -902
Net margin 1.91% 6.67% 2.37% -0.78% 4.08% -2.38% -0.18% 4.16% 3.69% -12.12%
EPS 2 15.67 77.62 23.70 -2.870 20.30 -18.00 -0.7800 24.98 47.37 -38.46
Dividend per Share - - - - - - - - - -
Announcement Date 11/11/19 11/11/20 11/11/21 2/9/22 8/8/22 11/10/22 2/13/23 8/9/23 11/13/23 2/13/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 4,342 - 9,934 20,948 23,710 - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 2,762 -318 -5,717 - 106 - - -
ROE (net income / shareholders' equity) 8.8% 2.1% 11% 9.9% 15.6% 11.4% - -
ROA (Net income/ Total Assets) 3.64% 1.4% - 3.68% 4.7% - - -
Assets 1 55,947 35,532 - 70,579 93,913 - - -
Book Value Per Share 953.0 942.0 1,037 1,133 1,279 - - -
Cash Flow per Share 92.40 31.90 118.0 118.0 197.0 - - -
Capex 1,829 49 166 177 313 - - -
Capex / Sales 3.66% 0.12% 0.33% 0.31% 0.5% - - -
Announcement Date 5/13/19 5/11/20 5/10/21 5/12/22 5/11/23 - - -
1JPY in Million
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
972
Average target price
-
Consensus
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