RICOH COMPANY, LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,304 JPY | -1.06% |
|
+0.66% | +20.36% |
| May. 08 | Ricoh Repurchases 4.5 Billion Yen Worth of Shares in April | MT |
| May. 03 | Ricoh Leasing's Attributable Profit Down 24.2% in Fiscal 2024 | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 838,669 | 575,202 | 814,265 | 676,495 | 603,587 | 790,342 | - | - |
| Enterprise Value (EV) 1 | 1,531,989 | 491,982 | 701,862 | 671,543 | 808,760 | 819,203 | 1,027,321 | 1,013,425 |
| P/E ratio | 16.9 x | 14.5 x | -24.9 x | 23.4 x | 11.2 x | 18.6 x | 14.3 x | 11.9 x |
| Yield | 1.99% | 3.27% | 1.33% | 2.45% | 3.43% | 2.66% | 3.03% | 3.43% |
| Capitalization / Revenue | 0.42 x | 0.29 x | 0.48 x | 0.38 x | 0.28 x | 0.35 x | 0.33 x | 0.32 x |
| EV / Revenue | 0.76 x | 0.24 x | 0.42 x | 0.38 x | 0.38 x | 0.35 x | 0.42 x | 0.42 x |
| EV / EBITDA | 8.46 x | 2.46 x | 11.9 x | 5.14 x | 4.59 x | 6.14 x | 5.93 x | 5.36 x |
| EV / FCF | 42.5 x | -10.3 x | 11.1 x | 29.1 x | -12 x | 17.5 x | 18.3 x | 11.2 x |
| FCF Yield | 2.35% | -9.73% | 9.03% | 3.44% | -8.31% | 5.71% | 5.45% | 8.95% |
| Price to Book | 0.9 x | 0.62 x | 0.88 x | 0.75 x | 0.65 x | 0.78 x | 0.75 x | 0.74 x |
| Nbr of stocks (in thousands) | 724,865 | 724,435 | 724,435 | 637,001 | 609,068 | 599,880 | - | - |
| Reference price 2 | 1,157 | 794.0 | 1,124 | 1,062 | 991.0 | 1,318 | 1,318 | 1,318 |
| Announcement Date | 5/9/19 | 5/8/20 | 5/7/21 | 5/10/22 | 5/8/23 | 5/7/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,013,228 | 2,008,580 | 1,682,069 | 1,758,587 | 2,134,180 | 2,348,987 | 2,423,032 | 2,435,176 |
| EBITDA 1 | 181,127 | 199,728 | 59,189 | 130,531 | 176,208 | 157,330 | 173,252 | 189,207 |
| EBIT 1 | 86,839 | 79,040 | -45,429 | 40,052 | 78,740 | 62,023 | 75,386 | 93,672 |
| Operating Margin | 4.31% | 3.94% | -2.7% | 2.28% | 3.69% | 2.64% | 3.11% | 3.85% |
| Earnings before Tax (EBT) 1 | 83,964 | 75,891 | -41,028 | 44,388 | 81,308 | 68,202 | 77,912 | 97,025 |
| Net income 1 | 49,526 | 39,546 | -32,730 | 30,371 | 54,367 | 44,176 | 51,800 | 66,073 |
| Net margin | 2.46% | 1.97% | -1.95% | 1.73% | 2.55% | 1.88% | 2.14% | 2.71% |
| EPS 2 | 68.32 | 54.58 | -45.20 | 45.35 | 88.13 | 72.58 | 92.15 | 111.0 |
| Free Cash Flow 1 | 36,016 | -47,890 | 63,403 | 23,107 | -67,231 | 55,171 | 56,028 | 90,688 |
| FCF margin | 1.79% | -2.38% | 3.77% | 1.31% | -3.15% | 2.39% | 2.31% | 3.72% |
| FCF Conversion (EBITDA) | 19.88% | - | 107.12% | 17.7% | - | 35.07% | 32.34% | 47.93% |
| FCF Conversion (Net income) | 72.72% | - | - | 76.08% | - | 118.32% | 108.16% | 137.25% |
| Dividend per Share 2 | 23.00 | 26.00 | 15.00 | 26.00 | 34.00 | 36.00 | 39.90 | 45.16 |
| Announcement Date | 5/9/19 | 5/8/20 | 5/7/21 | 5/10/22 | 5/8/23 | 5/7/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 994,779 | 1,013,801 | 761,948 | 920,121 | 418,659 | 843,463 | 432,732 | 482,392 | 915,124 | 459,341 | 514,195 | 973,536 | 555,072 | 605,572 | 1,160,644 | 534,601 | 577,989 | 1,112,590 | 585,098 | 651,299 | 1,236,397 | 558,525 | 600,725 | 1,150,000 | 602,850 | 668,575 | 1,270,000 |
| EBITDA | - | - | - | - | 30,460 | - | 34,103 | 36,825 | - | 32,257 | 36,243 | - | 39,578 | 68,130 | - | 35,954 | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 48,648 | 30,392 | -30,618 | -14,811 | 7,434 | 13,100 | 12,609 | 14,343 | 26,952 | 9,626 | 13,822 | 23,448 | 16,160 | 39,132 | 55,292 | 10,171 | 9,390 | 19,561 | 17,597 | 24,865 | 42,462 | 13,000 | 15,233 | 26,000 | 16,833 | 32,033 | 58,000 |
| Operating Margin | 4.89% | 3% | -4.02% | -1.61% | 1.78% | 1.55% | 2.91% | 2.97% | 2.95% | 2.1% | 2.69% | 2.41% | 2.91% | 6.46% | 4.76% | 1.9% | 1.62% | 1.76% | 3.01% | 3.82% | 3.43% | 2.33% | 2.54% | 2.26% | 2.79% | 4.79% | 4.57% |
| Earnings before Tax (EBT) 1 | 46,846 | 29,045 | -29,508 | -11,520 | 8,292 | 15,974 | 14,729 | 13,685 | 28,414 | 11,201 | 13,403 | 24,604 | 17,717 | 38,987 | 56,704 | 13,334 | 11,295 | 24,629 | 18,055 | 25,518 | 43,573 | 13,500 | 15,000 | 28,000 | 17,000 | 43,000 | 60,000 |
| Net income 1 | 29,258 | 10,288 | -22,195 | -10,535 | 6,370 | 11,157 | 12,029 | 7,185 | 19,214 | 7,591 | 7,323 | 14,914 | 12,524 | 26,929 | 39,453 | 8,795 | 6,819 | 15,614 | 14,663 | 13,899 | 28,562 | 9,450 | 12,400 | - | 12,200 | 17,300 | - |
| Net margin | 2.94% | 1.01% | -2.91% | -1.14% | 1.52% | 1.32% | 2.78% | 1.49% | 2.1% | 1.65% | 1.42% | 1.53% | 2.26% | 4.45% | 3.4% | 1.65% | 1.18% | 1.4% | 2.51% | 2.13% | 2.31% | 1.69% | 2.06% | - | 2.02% | 2.59% | - |
| EPS 2 | 40.37 | 14.21 | -30.64 | -14.56 | 9.300 | 16.07 | 18.00 | 11.28 | 29.28 | 11.98 | 11.89 | 23.87 | 20.56 | 43.70 | 64.26 | 14.44 | 11.19 | 25.63 | 24.07 | 22.88 | 46.95 | 14.83 | 17.55 | 27.60 | 19.80 | 40.90 | 71.80 |
| Dividend per Share 2 | 13.00 | 13.00 | 7.500 | 7.500 | 13.00 | 13.00 | - | 13.00 | 13.00 | - | 17.00 | 17.00 | - | 17.00 | 17.00 | - | 18.00 | 18.00 | - | 18.00 | 18.00 | - | 19.00 | 19.00 | - | 19.00 | 19.00 |
| Announcement Date | 11/1/19 | 5/8/20 | 11/4/20 | 5/7/21 | 11/4/21 | 11/4/21 | 2/4/22 | 5/10/22 | 5/10/22 | 8/3/22 | 11/4/22 | 11/4/22 | 2/7/23 | 5/8/23 | 5/8/23 | 8/8/23 | 11/8/23 | 11/8/23 | 2/6/24 | 5/7/24 | 5/7/24 | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 693,320 | - | - | - | 205,173 | 176,161 | 236,979 | 223,083 |
| Net Cash position 1 | - | 83,220 | 112,403 | 4,952 | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.828 x | - | - | - | 1.164 x | 1.12 x | 1.368 x | 1.179 x |
| Free Cash Flow 1 | 36,016 | -47,890 | 63,403 | 23,107 | -67,231 | 55,171 | 56,028 | 90,689 |
| ROE (net income / shareholders' equity) | 5.4% | 4.3% | -3.6% | 3.3% | 5.9% | 4.5% | 5.03% | 6.4% |
| ROA (Net income/ Total Assets) | 3.13% | 2.71% | -1.73% | 2.37% | 4.06% | 3.07% | 2.3% | 3.85% |
| Assets 1 | 1,582,609 | 1,457,170 | 1,896,852 | 1,279,868 | 1,338,383 | 1,436,693 | 2,252,172 | 1,716,183 |
| Book Value Per Share 2 | 1,287 | 1,270 | 1,281 | 1,416 | 1,529 | 1,722 | 1,765 | 1,783 |
| Cash Flow per Share 2 | 198.0 | 221.0 | 99.30 | 180.0 | 246.0 | 252.0 | 236.0 | 250.0 |
| Capex 1 | 72,462 | 86,596 | 42,155 | 37,359 | 45,459 | 56,680 | 55,375 | 57,900 |
| Capex / Sales | 3.6% | 4.31% | 2.51% | 2.12% | 2.13% | 2.45% | 2.29% | 2.38% |
| Announcement Date | 5/9/19 | 5/8/20 | 5/7/21 | 5/10/22 | 5/8/23 | 5/7/24 | - | - |
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
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
1,318
JPY
Average target price
1,352
JPY
Spread / Average Target
+2.66%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +20.36% | 5.05B | |
| +21.44% | 27.62B | |
| +31.06% | 4.78B | |
| +19.62% | 1.72B | |
| +3.22% | 1.05B | |
| -21.98% | 1.01B | |
| -42.89% | 797M | |
| -1.42% | 437M | |
| -12.87% | 342M | |
| +9.75% | 112M |
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- Financials Ricoh Company, Ltd.
