Financials Shinnihon Corporation

Equities

1879

JP3380300008

Construction & Engineering

Market Closed - Japan Exchange 02:00:00 2024-05-02 am EDT 5-day change 1st Jan Change
1,580 JPY +0.25% Intraday chart for Shinnihon Corporation +0.57% +39.08%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 67,640 57,350 48,230 51,621 42,617 54,718
Enterprise Value (EV) 1 33,037 6,502 -8,966 -11,037 -22,554 -19,883
P/E ratio 7.57 x 5.7 x 4.58 x 5.36 x 3.95 x 4.56 x
Yield 1.56% 1.94% 2.3% 2.15% 2.88% 2.88%
Capitalization / Revenue 0.71 x 0.56 x 0.43 x 0.51 x 0.4 x 0.48 x
EV / Revenue 0.35 x 0.06 x -0.08 x -0.11 x -0.21 x -0.17 x
EV / EBITDA 2.36 x 0.42 x -0.59 x -0.78 x -1.42 x -1.13 x
EV / FCF 3.2 x 0.43 x -1.08 x -1.82 x -8.37 x -2.2 x
FCF Yield 31.2% 231% -93% -55.1% -11.9% -45.5%
Price to Book 1.22 x 0.9 x 0.66 x 0.63 x 0.47 x 0.53 x
Nbr of stocks (in thousands) 58,462 58,461 58,461 58,461 58,460 58,460
Reference price 2 1,157 981.0 825.0 883.0 729.0 936.0
Announcement Date 6/28/18 6/27/19 6/26/20 6/29/21 6/29/22 6/29/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2018 2019 2020 2021 2022 2023
Net sales 1 95,340 103,250 112,542 101,785 107,092 113,725
EBITDA 1 13,971 15,452 15,208 14,195 15,864 17,561
EBIT 1 13,692 15,167 14,923 13,905 15,550 17,187
Operating Margin 14.36% 14.69% 13.26% 13.66% 14.52% 15.11%
Earnings before Tax (EBT) 1 13,532 14,305 14,931 13,927 15,582 17,225
Net income 1 8,930 10,066 10,539 9,630 10,796 12,013
Net margin 9.37% 9.75% 9.36% 9.46% 10.08% 10.56%
EPS 2 152.7 172.2 180.3 164.7 184.7 205.5
Free Cash Flow 1 10,319 15,014 8,338 6,080 2,695 9,044
FCF margin 10.82% 14.54% 7.41% 5.97% 2.52% 7.95%
FCF Conversion (EBITDA) 73.86% 97.16% 54.83% 42.83% 16.99% 51.5%
FCF Conversion (Net income) 115.55% 149.15% 79.12% 63.13% 24.96% 75.28%
Dividend per Share 2 18.00 19.00 19.00 19.00 21.00 27.00
Announcement Date 6/28/18 6/27/19 6/26/20 6/29/21 6/29/22 6/29/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2021 S1 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3 2024 Q1 2024 S1 2024 Q3
Net sales 1 49,164 38,838 41,158 28,544 16,971 45,008 25,281 20,424 49,548 30,981
EBITDA - - - - - - - - - -
EBIT 1 6,121 4,441 5,049 4,357 1,968 6,148 3,637 2,188 6,582 3,455
Operating Margin 12.45% 11.43% 12.27% 15.26% 11.6% 13.66% 14.39% 10.71% 13.28% 11.15%
Earnings before Tax (EBT) 1 6,634 4,453 5,067 4,373 1,987 6,169 3,653 2,263 6,659 3,468
Net income 1 4,706 3,068 3,494 3,033 1,377 4,270 2,527 1,548 4,591 2,399
Net margin 9.57% 7.9% 8.49% 10.63% 8.11% 9.49% 10% 7.58% 9.27% 7.74%
EPS 2 80.51 52.50 59.78 51.87 23.56 73.06 43.22 26.48 78.51 41.01
Dividend per Share 9.000 9.000 9.000 - - 10.00 - - 15.00 -
Announcement Date 11/14/19 11/13/20 11/12/21 2/14/22 8/10/22 11/11/22 2/10/23 8/10/23 11/10/23 2/13/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 34,603 50,848 57,196 62,658 65,171 74,601
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 10,319 15,014 8,338 6,080 2,695 9,044
ROE (net income / shareholders' equity) 17.3% 16.9% 15.4% 12.4% 12.4% 12.4%
ROA (Net income/ Total Assets) 8.78% 9.15% 8.38% 7.14% 7.29% 7.25%
Assets 1 101,735 109,988 125,819 134,957 148,148 165,628
Book Value Per Share 2 945.0 1,093 1,253 1,401 1,567 1,751
Cash Flow per Share 2 715.0 870.0 978.0 1,072 1,115 1,275
Capex 1 8 70 45 28 71 129
Capex / Sales 0.01% 0.07% 0.04% 0.03% 0.07% 0.11%
Announcement Date 6/28/18 6/27/19 6/26/20 6/29/21 6/29/22 6/29/23
1JPY in Million2JPY
Estimates
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