Financials PR TIMES Corporation

Equities

3922

JP3801050000

Internet Services

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-04-26 am EDT			5-day change	1st Jan Change
1,800 ^JPY	+0.84%		+2.21%	-0.39%

Apr. 12	PR Times’ Attributable Profit Jumps 49% in Fiscal 2024	MT
Apr. 11	PR TIMES Corporation Provides Consolidated Earnings Guidance for the Six Months Ending August 31, 2024 and Full Year Ending February 28, 2025	CI

Valuation

Fiscal Period: February	2019	2020	2022	2023	2024	2025	2026
Capitalization ¹	15,787	13,034	39,514	24,526	24,191	-	-
Enterprise Value (EV) ¹	14,396	11,708	36,173	20,832	26,386	24,191	24,191
P/E ratio	50.2 x	41.2 x	30.4 x	31.6 x	22.7 x	19.3 x	14.6 x
Yield	-	-	-	-	-	-	-
Capitalization / Revenue	6.91 x	4.51 x	8.14 x	4.3 x	3.86 x	3.18 x	2.81 x
EV / Revenue	6.91 x	4.51 x	8.14 x	4.3 x	3.86 x	3.18 x	2.81 x
EV / EBITDA	-	-	20,205,169 x	19,204,616 x	-	-	-
EV / FCF	90,209,212 x	27,970,168 x	33,942,441 x	49,951,402 x	24,591,324 x	20,980,808 x	15,576,865 x
FCF Yield	0%	0%	0%	0%	0%	0%	0%
Price to Book	8.4 x	7.83 x	10.6 x	5.49 x	4.67 x	-	-
Nbr of stocks (in thousands)	13,378	13,041	13,426	13,410	13,439	-	-
Reference price ²	1,180	999.5	2,943	1,829	1,800	1,800	1,800
Announcement Date	4/12/19	4/14/20	4/13/22	4/13/23	4/11/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February	2019	2020	2022	2023	2024	2025	2026
Net sales ¹	2,286	2,891	4,855	5,706	6,837	7,600	8,600
EBITDA	-	-	1,956	1,277	-	-	-
EBIT ¹	518	560	1,834	1,191	1,747	1,900	2,500
Operating Margin	22.66%	19.37%	37.78%	20.87%	25.55%	25%	29.07%
Earnings before Tax (EBT)	467	456	1,822	1,135	1,702	-	-
Net income ¹	313	321	1,281	777.8	1,161	1,250	1,650
Net margin	13.69%	11.1%	26.39%	13.63%	16.99%	16.45%	19.19%
EPS ²	23.50	24.24	96.96	57.96	86.60	93.20	123.0
Free Cash Flow	175	466	1,164	491	1,073	1,153	1,553
FCF margin	7.66%	16.12%	23.98%	8.6%	15.69%	15.17%	18.06%
FCF Conversion (EBITDA)	-	-	59.53%	38.45%	-	-	-
FCF Conversion (Net income)	55.91%	145.17%	90.86%	63.13%	92.39%	92.24%	94.12%
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	4/12/19	4/14/20	4/13/22	4/13/23	4/11/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: February	2020 S1	2022 S1	2022 Q3	2023 Q1	2023 S1	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 S1	2024 Q3	2024 Q4
Net sales ¹	1,374	2,296	1,312	-	2,814	1,499	1,392	1,608	1,676	3,284	1,759	1,793
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	345	897	623	-	916	182	92.42	343	547	890	624.7	231.3
Operating Margin	25.11%	39.07%	47.48%	-	32.55%	12.14%	6.64%	21.33%	32.64%	27.1%	35.51%	12.9%
Earnings before Tax (EBT)	241	895	623	427	865	178	-	343	-	890	600	-
Net income ¹	163	617	427	-	576	136	65.03	231	369	600	399.5	160.9
Net margin	11.86%	26.87%	32.55%	-	20.47%	9.07%	4.67%	14.37%	22.02%	18.27%	22.71%	8.97%
EPS	12.26	47.36	32.09	21.91	42.96	10.14	-	17.26	-	44.86	29.78	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	10/11/19	10/14/21	1/13/22	7/14/22	10/13/22	1/12/23	4/13/23	7/13/23	10/12/23	10/12/23	1/11/24	4/11/24

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: February	2019	2020	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	1,391	1,326	3,341	3,694	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	175	466	1,164	491	1,073	1,153	1,553
ROE (net income / shareholders' equity)	18.2%	18.1%	34.3%	19%	22.9%	18.6%	19.7%
ROA (Net income/ Total Assets)	23.5%	24.9%	-	23.5%	27.8%	-	-
Assets ¹	1,330	1,288	-	3,305	4,172	-	-
Book Value Per Share	140.0	128.0	279.0	333.0	421.0	-	-
Cash Flow per Share ²	28.40	29.60	106.0	64.30	95.30	103.0	132.0
Capex ¹	159	65	363	107	464	125	125
Capex / Sales	6.96%	2.25%	7.48%	1.88%	6.79%	1.64%	1.45%
Announcement Date	4/12/19	4/14/20	4/13/22	4/13/23	4/11/24	-	-

¹JPY in Million²JPY

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for PR TIMES Corporation

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1,800 JPY

Average target price

3,200 JPY

Spread / Average Target

+77.78%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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