Financials Sanwa Holdings Corporation

Equities

5929

JP3344400001

Construction Supplies & Fixtures

Market Closed - Japan Exchange 02:00:00 2024-04-30 am EDT 5-day change 1st Jan Change
2,590 JPY -.--% Intraday chart for Sanwa Holdings Corporation +5.50% +21.14%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 296,298 183,018 320,073 274,845 312,957 567,007 - -
Enterprise Value (EV) 1 314,507 192,801 342,308 269,654 298,556 533,246 507,342 483,630
P/E ratio 14.2 x 8.69 x 15.1 x 12 x 9.46 x 13.6 x 14 x 13.5 x
Yield 2.43% 4.03% 2.35% 2.89% 4.1% 2.62% 2.72% 2.87%
Capitalization / Revenue 0.72 x 0.42 x 0.75 x 0.59 x 0.53 x 0.93 x 0.89 x 0.87 x
EV / Revenue 0.77 x 0.44 x 0.8 x 0.58 x 0.51 x 0.87 x 0.8 x 0.74 x
EV / EBITDA 7.65 x 4.21 x 7.67 x 5.57 x 4.2 x 7 x 6.72 x 6.29 x
EV / FCF 26.4 x 8.07 x 8.27 x -326 x 16.2 x 14 x 15.2 x 14.9 x
FCF Yield 3.78% 12.4% 12.1% -0.31% 6.19% 7.13% 6.56% 6.69%
Price to Book 1.85 x 1.14 x 1.78 x 1.36 x 1.3 x 2.14 x 1.97 x 1.82 x
Nbr of stocks (in thousands) 224,979 216,846 220,893 220,936 221,015 218,880 - -
Reference price 2 1,317 844.0 1,449 1,244 1,416 2,590 2,590 2,590
Announcement Date 5/14/19 5/14/20 5/14/21 5/13/22 5/15/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 409,990 440,161 427,061 468,956 588,159 609,536 633,950 652,296
EBITDA 1 41,091 45,778 44,651 48,438 71,093 76,134 75,544 76,882
EBIT 1 31,593 34,217 33,077 35,487 56,307 61,383 61,058 62,854
Operating Margin 7.71% 7.77% 7.75% 7.57% 9.57% 10.07% 9.63% 9.64%
Earnings before Tax (EBT) 1 30,046 32,306 31,509 33,703 49,075 59,018 58,358 60,427
Net income 1 20,910 21,647 21,251 22,842 33,084 42,065 40,618 41,938
Net margin 5.1% 4.92% 4.98% 4.87% 5.63% 6.9% 6.41% 6.43%
EPS 2 92.95 97.14 96.21 103.4 149.7 190.6 184.9 192.2
Free Cash Flow 1 11,904 23,882 41,374 -827 18,484 38,000 33,300 32,350
FCF margin 2.9% 5.43% 9.69% -0.18% 3.14% 6.23% 5.25% 4.96%
FCF Conversion (EBITDA) 28.97% 52.17% 92.66% - 26% 49.91% 44.08% 42.08%
FCF Conversion (Net income) 56.93% 110.32% 194.69% - 55.87% 90.34% 81.98% 77.14%
Dividend per Share 2 32.00 34.00 34.00 36.00 58.00 68.00 70.57 74.29
Announcement Date 5/14/19 5/14/20 5/14/21 5/13/22 5/15/23 - - -
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 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Net sales 1 199,167 240,696 190,949 236,112 117,314 216,500 110,673 141,783 252,456 118,957 149,222 268,179 148,747 171,233 319,980 132,173 153,484 285,657 149,815 176,047 138,600 164,700 - 186,700
EBITDA - - - - - - - - - - - - - - - - - - - - - - - -
EBIT 1 11,064 23,153 9,579 23,498 10,617 14,356 4,789 16,342 21,131 4,880 16,614 21,494 13,931 20,882 34,813 8,670 19,063 27,733 13,420 20,797 8,600 19,100 12,900 22,900
Operating Margin 5.56% 9.62% 5.02% 9.95% 9.05% 6.63% 4.33% 11.53% 8.37% 4.1% 11.13% 8.01% 9.37% 12.2% 10.88% 6.56% 12.42% 9.71% 8.96% 11.81% 6.2% 11.6% - 12.27%
Earnings before Tax (EBT) 1 10,617 - 9,109 22,400 10,184 13,907 4,384 15,412 19,796 3,938 15,909 19,847 13,270 15,958 29,228 8,274 23,078 31,352 13,394 20,922 - - - -
Net income 1 6,945 14,702 5,807 15,444 6,716 9,135 2,558 11,149 13,707 2,575 10,912 13,487 9,284 10,313 19,597 5,833 16,276 22,109 9,342 10,449 5,800 12,600 8,700 15,400
Net margin 3.49% 6.11% 3.04% 6.54% 5.72% 4.22% 2.31% 7.86% 5.43% 2.16% 7.31% 5.03% 6.24% 6.02% 6.12% 4.41% 10.6% 7.74% 6.24% 5.94% 4.18% 7.65% - 8.25%
EPS 2 30.95 - 26.29 69.92 30.40 41.35 11.59 50.46 - 11.66 49.38 61.04 42.00 46.70 - 26.39 73.62 100.0 42.35 63.67 - - - -
Dividend per Share 2 17.00 17.00 17.00 17.00 17.00 17.00 - 19.00 19.00 - 25.00 25.00 - 33.00 - - 29.00 29.00 - 30.00 - 35.00 - 35.00
Announcement Date 10/31/19 5/14/20 10/30/20 5/14/21 10/29/21 10/29/21 1/31/22 5/13/22 5/13/22 7/29/22 10/31/22 10/31/22 1/31/23 5/15/23 5/15/23 7/31/23 10/31/23 10/31/23 1/31/24 - - - - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 18,209 9,783 22,235 - - - - -
Net Cash position 1 - - - 5,191 14,401 33,762 59,666 83,378
Leverage (Debt/EBITDA) 0.4431 x 0.2137 x 0.498 x - - - - -
Free Cash Flow 1 11,904 23,882 41,374 -827 18,484 38,000 33,300 32,350
ROE (net income / shareholders' equity) 13.5% 13.3% 12.4% 12% 15% 16.8% 14.8% 14.2%
ROA (Net income/ Total Assets) 9.08% 9.67% 8.82% 8.96% 12.7% 11.5% 10.9% 10.6%
Assets 1 230,183 223,932 241,053 254,847 259,667 364,723 373,783 396,891
Book Value Per Share 2 714.0 743.0 814.0 913.0 1,089 1,212 1,316 1,425
Cash Flow per Share 2 129.0 139.0 142.0 152.0 204.0 259.0 264.0 277.0
Capex 1 12,367 8,419 8,770 9,281 10,041 14,000 15,167 15,333
Capex / Sales 3.02% 1.91% 2.05% 1.98% 1.71% 2.3% 2.39% 2.35%
Announcement Date 5/14/19 5/14/20 5/14/21 5/13/22 5/15/23 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
2,590 JPY
Average target price
2,658 JPY
Spread / Average Target
+2.62%
Consensus
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  4. Financials Sanwa Holdings Corporation