Financials NexTone Inc.

Equities

7094

JP3758240000

Entertainment Production

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-04-26 am EDT			5-day change	1st Jan Change
1,179 ^JPY	-0.08%		-0.76%	-2.80%

2023	Tranche Update on NexTone Inc.'s Equity Buyback Plan announced on November 30, 2023.	CI
2023	NexTone Inc.'s Equity Buyback announced on November 30, 2023, has closed with 100,000 shares, representing 1.03% for ¥105.17 million.	CI

Valuation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,802	31,946	27,875	30,007	11,493	-	-
Enterprise Value (EV) ¹	4,489	27,507	22,683	23,966	11,493	11,493	11,493
P/E ratio	35.9 x	83.4 x	57.7 x	47.5 x	28.5 x	19 x	10.8 x
Yield	-	-	-	-	-	-	-
Capitalization / Revenue	1.8 x	5.22 x	3.72 x	3.4 x	0.85 x	0.6 x	0.52 x
EV / Revenue	1.8 x	5.22 x	3.72 x	3.4 x	0.85 x	0.6 x	0.52 x
EV / EBITDA	-	-	-	-	-	-	-
EV / FCF	9.79 x	30.5 x	31.2 x	-	30 x	21.7 x	10.6 x
FCF Yield	10.2%	3.27%	3.21%	-	3.33%	4.61%	9.4%
Price to Book	3.68 x	12.5 x	9.56 x	8.4 x	-	-	-
Nbr of stocks (in thousands)	9,237	9,410	9,652	9,711	9,748	-	-
Reference price ²	844.7	3,395	2,888	3,090	1,179	1,179	1,179
Announcement Date	5/15/20	5/14/21	5/13/22	5/12/23	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	4,345	6,122	7,489	8,814	13,600	19,300	22,300
EBITDA	-	-	-	-	-	-	-
EBIT ¹	305	539	708	840	600	1,050	1,700
Operating Margin	7.02%	8.8%	9.45%	9.53%	4.41%	5.44%	7.62%
Earnings before Tax (EBT)	304	540	713	841	-	-	-
Net income ¹	191	376	482	631	400	600	1,050
Net margin	4.4%	6.14%	6.44%	7.16%	2.94%	3.11%	4.71%
EPS ²	23.56	40.71	50.04	65.12	41.40	62.10	108.7
Free Cash Flow ¹	797	1,046	893.6	-	383	530	1,080
FCF margin	18.34%	17.09%	11.93%	-	2.82%	2.75%	4.84%
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	417.28%	278.24%	185.4%	-	95.75%	88.33%	102.86%
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	5/15/20	5/14/21	5/13/22	5/12/23	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2020 S1	2021 S1	2022 Q2	2022 S1	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 S1	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 S1	2024 Q3	2024 Q4
Net sales ¹	-	2,644	1,751	3,447	2,113	1,929	2,009	2,135	4,143	2,269	2,402	2,235	2,202	4,437	4,307	4,690
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-	217	154	298	158	252	96	226.5	322	205	313	215	224.3	439	77	84
Operating Margin	-	8.21%	8.79%	8.65%	7.48%	13.06%	4.78%	10.61%	7.77%	9.03%	13.03%	9.62%	10.18%	9.89%	1.79%	1.79%
Earnings before Tax (EBT)	-	217	-	299	162	-	96	-	325	204	-	215	-	440	152	-
Net income ¹	-	148	107	206	110	166	65	154.6	220	140	271	146.5	153.3	299	105	35
Net margin	-	5.6%	6.11%	5.98%	5.21%	8.61%	3.24%	7.24%	5.31%	6.17%	11.28%	6.55%	6.96%	6.74%	2.44%	0.75%
EPS	-	16.04	-	21.48	11.48	-	6.820	-	22.78	14.47	-	15.08	-	30.84	10.75	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	-	11/12/20	11/11/21	11/11/21	2/9/22	5/13/22	8/10/22	11/11/22	11/11/22	2/10/23	5/12/23	8/10/23	11/10/23	11/10/23	2/9/24	-

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	3,313	4,439	5,192	6,041	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow ¹	797	1,046	894	-	383	530	1,080
ROE (net income / shareholders' equity)	11.1%	16%	17.6%	19.4%	-	-	-
ROA (Net income/ Total Assets)	-	11%	11.7%	11.7%	-	-	-
Assets ¹	-	3,425	4,104	5,391	-	-	-
Book Value Per Share	230.0	271.0	302.0	368.0	-	-	-
Cash Flow per Share	32.70	51.30	62.50	79.10	-	-	-
Capex ¹	130	257	257	244	121	152	152
Capex / Sales	2.99%	4.2%	3.43%	2.77%	0.89%	0.79%	0.68%
Announcement Date	5/15/20	5/14/21	5/13/22	5/12/23	-	-	-

¹JPY in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for NexTone Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1,179 JPY

Average target price

3,700 JPY

Spread / Average Target

+213.83%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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