ONWARD HOLDINGS CO., LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 597 JPY | -1.65% |
|
-5.84% | +24.12% |
| Apr. 05 | Japanese Shares Fall Below 39,000 as Tech Stocks Weigh | MT |
| Apr. 05 | Onwards' All-Store, Existing-Store Net Sales Up in March; Stock Climbs 10% | MT |
Valuation
| Fiscal Period: February | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 87,484 | 70,601 | 34,154 | 37,569 | 46,269 | 82,387 | - | - |
| Enterprise Value (EV) 1 | 117,591 | 108,193 | 90,901 | 57,495 | 64,510 | 93,163 | 102,191 | 100,128 |
| P/E ratio | 17.8 x | -1.36 x | -1.47 x | 4.38 x | 15.1 x | 10.5 x | 12.3 x | 11.8 x |
| Yield | 3.83% | 4.59% | 4.76% | 4.33% | 3.52% | 3.9% | 3.95% | 4.12% |
| Capitalization / Revenue | 0.36 x | 0.28 x | 0.2 x | 0.22 x | 0.26 x | 0.37 x | 0.42 x | 0.4 x |
| EV / Revenue | 0.49 x | 0.44 x | 0.52 x | 0.34 x | 0.37 x | 0.49 x | 0.52 x | 0.49 x |
| EV / EBITDA | 8.86 x | 21.3 x | -6.09 x | 13.4 x | 6.22 x | 5.8 x | 5 x | 4.79 x |
| EV / FCF | -20,739,192 x | -39,271,444 x | -3,480,781 x | - | 84,437,063 x | -151,730,834 x | - | - |
| FCF Yield | -0% | -0% | -0% | - | 0% | -0% | - | - |
| Price to Book | 0.55 x | 0.79 x | 0.6 x | 0.56 x | 0.62 x | 0.87 x | 0.98 x | 0.93 x |
| Nbr of stocks (in thousands) | 139,528 | 134,992 | 135,530 | 135,629 | 135,686 | 135,728 | - | - |
| Reference price 2 | 627.0 | 523.0 | 252.0 | 277.0 | 341.0 | 607.0 | 607.0 | 607.0 |
| Announcement Date | 4/5/19 | 4/10/20 | 4/8/21 | 4/7/22 | 4/6/23 | 4/4/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: February | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 240,652 | 248,233 | 174,323 | 168,453 | 176,072 | 189,629 | 196,796 | 203,684 |
| EBITDA 1 | 13,272 | 5,079 | -14,938 | 4,292 | 10,374 | 16,052 | 20,454 | 20,923 |
| EBIT 1 | 4,461 | -3,061 | -21,230 | -1,079 | 5,214 | 11,260 | 11,854 | 12,323 |
| Operating Margin | 1.85% | -1.23% | -12.18% | -0.64% | 2.96% | 5.94% | 6.02% | 6.05% |
| Earnings before Tax (EBT) 1 | 3,154 | -37,579 | -25,560 | 13,912 | 3,809 | 6,164 | 8,854 | 10,723 |
| Net income 1 | 4,948 | -52,135 | -23,181 | 8,566 | 3,061 | 6,611 | 6,694 | 6,970 |
| Net margin | 2.06% | -21% | -13.3% | 5.09% | 1.74% | 3.49% | 3.4% | 3.42% |
| EPS 2 | 35.24 | -384.0 | -171.2 | 63.17 | 22.57 | 48.72 | 49.32 | 51.35 |
| Free Cash Flow | -5,670 | -2,755 | -26,115 | - | 764 | -614 | - | - |
| FCF margin | -2.36% | -1.11% | -14.98% | - | 0.43% | -0.32% | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | 7.36% | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | 24.96% | - | - | - |
| Dividend per Share 2 | 24.00 | 24.00 | 12.00 | 12.00 | 12.00 | 20.00 | 24.00 | 25.00 |
| Announcement Date | 4/5/19 | 4/10/20 | 4/8/21 | 4/7/22 | 4/6/23 | 4/4/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: February | 2020 S1 | 2021 S1 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 118,466 | 80,585 | 80,785 | 43,570 | 44,551 | 82,166 | 48,231 | 49,907 | 40,504 | 90,411 | 50,972 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | -861 | -11,487 | -3,294 | 2,346 | 2,005 | 193 | 4,122 | 5,380 | - | 5,022 | 4,678 |
| Operating Margin | -0.73% | -14.25% | -4.08% | 5.38% | 4.5% | 0.23% | 8.55% | 10.78% | - | 5.55% | 9.18% |
| Earnings before Tax (EBT) 1 | -23,188 | -14,821 | 12,114 | 2,209 | 3,521 | 1,624 | 3,649 | 4,709 | - | 4,390 | 4,482 |
| Net income 1 | -24,432 | -15,188 | 7,448 | 634 | 1,823 | 476 | 2,247 | 3,348 | -486 | 2,862 | 2,884 |
| Net margin | -20.62% | -18.85% | 9.22% | 1.46% | 4.09% | 0.58% | 4.66% | 6.71% | -1.2% | 3.17% | 5.66% |
| EPS 2 | -178.9 | -112.3 | 54.92 | 4.680 | 13.44 | 3.510 | 16.57 | 24.67 | -3.580 | 21.09 | 21.26 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/4/19 | 10/9/20 | 10/7/21 | 1/13/22 | 7/7/22 | 10/6/22 | 1/12/23 | 7/6/23 | 10/5/23 | 10/5/23 | 1/11/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: February | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 30,107 | 37,592 | 56,747 | 19,926 | 18,241 | 23,534 | 19,804 | 17,741 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.268 x | 7.401 x | -3.799 x | 4.643 x | 1.758 x | 1.466 x | 0.9682 x | 0.8479 x |
| Free Cash Flow | -5,670 | -2,755 | -26,115 | - | 764 | -614 | - | - |
| ROE (net income / shareholders' equity) | 3.1% | -42% | -31.6% | 13.9% | 4.3% | 8.6% | 8.38% | 8.3% |
| ROA (Net income/ Total Assets) | 1.82% | -1.47% | - | 0.29% | - | 6.13% | - | - |
| Assets 1 | 271,171 | 3,547,298 | - | 2,988,626 | - | 107,907 | - | - |
| Book Value Per Share 2 | 1,148 | 665.0 | 418.0 | 493.0 | 551.0 | 588.0 | 618.0 | 650.0 |
| Cash Flow per Share | 81.60 | -337.0 | -131.0 | 97.10 | 54.80 | 78.00 | - | - |
| Capex | 13,472 | 9,533 | 6,501 | 5,657 | 4,921 | 4,613 | - | - |
| Capex / Sales | 5.6% | 3.84% | 3.73% | 3.36% | 2.79% | 2.43% | - | - |
| Announcement Date | 4/5/19 | 4/10/20 | 4/8/21 | 4/7/22 | 4/6/23 | 4/4/24 | - | - |
1JPY in Million2JPY
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
C-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
607
JPY
Average target price
630
JPY
Spread / Average Target
+3.79%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +23.70% | 523M | |
| +5.56% | 417B | |
| +3.25% | 142B | |
| -29.47% | 45.83B | |
| +15.12% | 18.69B | |
| +13.48% | 10.68B | |
| +28.30% | 8.65B | |
| -0.24% | 6.76B | |
| -10.91% | 6.51B | |
| +29.06% | 6.18B |
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- Financials Onward Holdings Co., Ltd.
