MEIWA INDUSTRY CO., LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,003 JPY | +0.30% |
|
+1.01% | +1.83% |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,635 | 3,749 | 3,144 | 3,140 | 3,566 | 3,433 |
| Enterprise Value (EV) 1 | 5,345 | 5,388 | 3,931 | 4,913 | 5,090 | 5,688 |
| P/E ratio | 17.4 x | 12.5 x | 11.7 x | -3.05 x | 11.6 x | -47 x |
| Yield | 3.78% | 4.67% | 5.57% | 2.79% | 4.91% | 5.1% |
| Capitalization / Revenue | 0.23 x | 0.17 x | 0.14 x | 0.17 x | 0.18 x | 0.16 x |
| EV / Revenue | 0.26 x | 0.25 x | 0.18 x | 0.27 x | 0.26 x | 0.27 x |
| EV / EBITDA | 3.83 x | 3.43 x | 2.7 x | 6.87 x | 4.88 x | 6.12 x |
| EV / FCF | -6.14 x | -6 x | 14.2 x | -6.4 x | -4.03 x | -7.12 x |
| FCF Yield | -16.3% | -16.7% | 7.03% | -15.6% | -24.8% | -14.1% |
| Price to Book | 0.4 x | 0.34 x | 0.28 x | 0.31 x | 0.33 x | 0.31 x |
| Nbr of stocks (in thousands) | 3,501 | 3,501 | 3,501 | 3,500 | 3,500 | 3,500 |
| Reference price 2 | 1,324 | 1,071 | 898.0 | 897.0 | 1,019 | 981.0 |
| Announcement Date | 6/27/18 | 6/27/19 | 6/25/20 | 6/28/21 | 6/30/22 | 6/28/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 20,368 | 21,763 | 22,361 | 18,311 | 19,679 | 21,195 |
| EBITDA 1 | 1,397 | 1,570 | 1,455 | 715 | 1,044 | 930 |
| EBIT 1 | 318 | 332 | 163 | -515 | 257 | 68 |
| Operating Margin | 1.56% | 1.53% | 0.73% | -2.81% | 1.31% | 0.32% |
| Earnings before Tax (EBT) 1 | 415 | 371 | 643 | -943 | 387 | -55 |
| Net income 1 | 266 | 300 | 268 | -1,028 | 307 | -73 |
| Net margin | 1.31% | 1.38% | 1.2% | -5.61% | 1.56% | -0.34% |
| EPS 2 | 75.98 | 85.70 | 76.56 | -293.7 | 87.72 | -20.86 |
| Free Cash Flow 1 | -870 | -898.2 | 276.2 | -767.1 | -1,262 | -799.4 |
| FCF margin | -4.27% | -4.13% | 1.24% | -4.19% | -6.41% | -3.77% |
| FCF Conversion (EBITDA) | - | - | 18.99% | - | - | - |
| FCF Conversion (Net income) | - | - | 103.08% | - | - | - |
| Dividend per Share 2 | 50.00 | 50.00 | 50.00 | 25.00 | 50.00 | 50.00 |
| Announcement Date | 6/27/18 | 6/27/19 | 6/25/20 | 6/28/21 | 6/30/22 | 6/28/23 |
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 | 11,359 | 7,754 | 9,698 | 4,934 | 4,591 | 9,864 | 5,758 | 5,158 | 10,842 | 5,985 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 127 | -584 | 177 | -41 | -140 | -164 | 78 | -154 | -268 | -28 |
| Operating Margin | 1.12% | -7.53% | 1.83% | -0.83% | -3.05% | -1.66% | 1.35% | -2.99% | -2.47% | -0.47% |
| Earnings before Tax (EBT) 1 | 679 | -593 | 160 | -41 | -159 | -255 | 100 | -215 | -325 | -41 |
| Net income 1 | 453 | -653 | 124 | -37 | -116 | -190 | 99 | -213 | -322 | -90 |
| Net margin | 3.99% | -8.42% | 1.28% | -0.75% | -2.53% | -1.93% | 1.72% | -4.13% | -2.97% | -1.5% |
| EPS 2 | 129.5 | -186.6 | 35.67 | -10.70 | -33.37 | -54.49 | 28.37 | -61.02 | -92.19 | -25.74 |
| Dividend per Share | 25.00 | - | 25.00 | - | - | 25.00 | - | - | 25.00 | - |
| Announcement Date | 11/12/19 | 11/13/20 | 11/12/21 | 2/10/22 | 8/12/22 | 11/10/22 | 2/14/23 | 8/9/23 | 11/14/23 | 2/14/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 710 | 1,639 | 787 | 1,773 | 1,524 | 2,255 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.5082 x | 1.044 x | 0.5409 x | 2.48 x | 1.46 x | 2.425 x |
| Free Cash Flow 1 | -870 | -898 | 276 | -767 | -1,262 | -799 |
| ROE (net income / shareholders' equity) | 2.35% | 2.65% | 2.4% | -9.63% | 2.93% | -0.67% |
| ROA (Net income/ Total Assets) | 0.86% | 0.89% | 0.44% | -1.43% | 0.71% | 0.18% |
| Assets 1 | 31,020 | 33,621 | 60,675 | 71,658 | 43,039 | -39,978 |
| Book Value Per Share 2 | 3,282 | 3,190 | 3,186 | 2,914 | 3,079 | 3,162 |
| Cash Flow per Share 2 | 1,007 | 752.0 | 962.0 | 884.0 | 1,045 | 907.0 |
| Capex 1 | 2,046 | 1,709 | 1,337 | 1,370 | 713 | 1,078 |
| Capex / Sales | 10.05% | 7.85% | 5.98% | 7.48% | 3.62% | 5.09% |
| Announcement Date | 6/27/18 | 6/27/19 | 6/25/20 | 6/28/21 | 6/30/22 | 6/28/23 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +1.83% | 22.47M | |
| +5.36% | 8.01B | |
| +0.11% | 5.35B | |
| +20.51% | 3.28B | |
| -20.63% | 2.62B | |
| +2.08% | 2.61B | |
| -7.87% | 2.2B | |
| +48.96% | 2.05B | |
| +45.23% | 1.75B | |
| +12.53% | 1.62B |
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