SHINMAYWA INDUSTRIES, LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,176 JPY | +0.77% |
|
+1.38% | 0.00% |
| 2023 | Weak yen forces Japan to shrink historic military spending plan | RE |
| 2023 | Weak yen forces Japan to shrink historic military spending plan | RE |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 83,532 | 126,393 | 73,401 | 67,191 | 59,580 | 77,777 |
| Enterprise Value (EV) 1 | 64,872 | 153,132 | 111,625 | 98,684 | 85,233 | 107,448 |
| P/E ratio | 11.8 x | 18 x | 9.96 x | 12.2 x | 8.62 x | 10.6 x |
| Yield | 2.63% | 3.27% | 3.73% | 3.72% | 4.64% | 3.81% |
| Capitalization / Revenue | 0.4 x | 0.58 x | 0.32 x | 0.32 x | 0.27 x | 0.35 x |
| EV / Revenue | 0.31 x | 0.7 x | 0.49 x | 0.47 x | 0.39 x | 0.48 x |
| EV / EBITDA | 4.15 x | 9.71 x | 6.11 x | 6.07 x | 5.28 x | 7.35 x |
| EV / FCF | 45.6 x | 15.2 x | -64.8 x | 9.04 x | 9.3 x | -47.2 x |
| FCF Yield | 2.2% | 6.58% | -1.54% | 11.1% | 10.8% | -2.12% |
| Price to Book | 0.67 x | 1.09 x | 0.89 x | 0.76 x | 0.64 x | 0.79 x |
| Nbr of stocks (in thousands) | 95,465 | 91,855 | 65,188 | 65,745 | 65,834 | 65,912 |
| Reference price 2 | 875.0 | 1,376 | 1,126 | 1,022 | 905.0 | 1,180 |
| Announcement Date | 6/26/18 | 6/21/19 | 6/29/20 | 6/24/21 | 6/24/22 | 6/27/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 207,335 | 217,297 | 227,231 | 209,226 | 216,823 | 225,175 |
| EBITDA 1 | 15,621 | 15,773 | 18,278 | 16,248 | 16,134 | 14,616 |
| EBIT 1 | 10,596 | 10,709 | 12,836 | 10,480 | 10,570 | 9,295 |
| Operating Margin | 5.11% | 4.93% | 5.65% | 5.01% | 4.87% | 4.13% |
| Earnings before Tax (EBT) 1 | 10,496 | 10,396 | 11,171 | 9,008 | 11,688 | 10,202 |
| Net income 1 | 7,086 | 6,996 | 7,378 | 5,487 | 6,907 | 7,313 |
| Net margin | 3.42% | 3.22% | 3.25% | 2.62% | 3.19% | 3.25% |
| EPS 2 | 74.23 | 76.40 | 113.1 | 83.46 | 105.0 | 111.0 |
| Free Cash Flow 1 | 1,424 | 10,072 | -1,722 | 10,917 | 9,164 | -2,275 |
| FCF margin | 0.69% | 4.64% | -0.76% | 5.22% | 4.23% | -1.01% |
| FCF Conversion (EBITDA) | 9.12% | 63.86% | - | 67.19% | 56.8% | - |
| FCF Conversion (Net income) | 20.1% | 143.97% | - | 198.95% | 132.68% | - |
| Dividend per Share 2 | 23.00 | 45.00 | 42.00 | 38.00 | 42.00 | 45.00 |
| Announcement Date | 6/26/18 | 6/21/19 | 6/29/20 | 6/24/21 | 6/24/22 | 6/27/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2024 Q1 | 2024 S1 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 108,098 | 119,133 | 93,783 | 53,777 | 100,264 | 54,314 | 62,245 | 116,559 | 47,262 | 56,739 | 104,001 | 56,545 | 52,399 | 116,464 | 61,163 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 6,099 | 6,737 | 3,807 | 3,038 | 4,438 | 2,687 | 3,444 | 6,131 | 792 | 2,414 | 3,206 | 2,797 | 637 | 4,431 | 1,869 |
| Operating Margin | 5.64% | 5.66% | 4.06% | 5.65% | 4.43% | 4.95% | 5.53% | 5.26% | 1.68% | 4.25% | 3.08% | 4.95% | 1.22% | 3.8% | 3.06% |
| Earnings before Tax (EBT) 1 | 5,532 | - | 3,259 | - | 5,069 | 3,145 | - | - | 1,472 | - | 4,331 | 2,591 | 1,209 | 4,900 | 1,234 |
| Net income 1 | 3,670 | 3,708 | 2,107 | - | 3,362 | 2,036 | - | - | 512 | 2,359 | 2,871 | 1,636 | 647 | 2,974 | 670 |
| Net margin | 3.4% | 3.11% | 2.25% | - | 3.35% | 3.75% | - | - | 1.08% | 4.16% | 2.76% | 2.89% | 1.23% | 2.55% | 1.1% |
| EPS 2 | 56.30 | - | 32.05 | - | 51.11 | 30.94 | - | - | 7.780 | 35.82 | 43.60 | 24.82 | 9.820 | 45.11 | 10.15 |
| Dividend per Share | 66.00 | - | 19.00 | - | 19.00 | - | - | - | - | - | 21.00 | - | - | 22.50 | - |
| Announcement Date | 10/31/19 | 5/14/20 | 10/30/20 | 10/29/21 | 10/29/21 | 2/3/22 | 5/9/22 | 5/9/22 | 7/29/22 | 10/31/22 | 10/31/22 | 2/2/23 | 8/1/23 | 10/31/23 | 2/2/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 26,739 | 38,224 | 31,493 | 25,653 | 29,671 |
| Net Cash position 1 | 18,660 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 1.695 x | 2.091 x | 1.938 x | 1.59 x | 2.03 x |
| Free Cash Flow 1 | 1,424 | 10,072 | -1,722 | 10,917 | 9,164 | -2,275 |
| ROE (net income / shareholders' equity) | 5.84% | 6.77% | 8.91% | 6.48% | 7.88% | 7.97% |
| ROA (Net income/ Total Assets) | 3.5% | 3.35% | 3.79% | 3.07% | 3.05% | 2.59% |
| Assets 1 | 202,579 | 208,643 | 194,675 | 178,526 | 226,496 | 282,050 |
| Book Value Per Share 2 | 1,308 | 1,263 | 1,262 | 1,338 | 1,405 | 1,498 |
| Cash Flow per Share 2 | 196.0 | 355.0 | 294.0 | 351.0 | 404.0 | 345.0 |
| Capex 1 | 5,329 | 5,875 | 8,524 | 5,760 | 4,485 | 4,251 |
| Capex / Sales | 2.57% | 2.7% | 3.75% | 2.75% | 2.07% | 1.89% |
| Announcement Date | 6/26/18 | 6/21/19 | 6/29/20 | 6/24/21 | 6/24/22 | 6/27/23 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| 0.00% | 493M | |
| +14.65% | 58.67B | |
| +28.07% | 36.8B | |
| +26.70% | 28.74B | |
| +15.62% | 25.64B | |
| +16.35% | 23.31B | |
| +1.73% | 21.74B | |
| +15.97% | 18.38B | |
| -6.32% | 14.21B | |
| +19.13% | 12.04B |
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