Financials St.Cousair Co., Ltd.

Equities

2937

JP3328700004

Food Processing

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-06-10 am EDT			5-day change	1st Jan Change
2,150 ^JPY	-0.46%		+1.51%	-16.92%

May. 09	St. Cousair's Attributable Profit Tanks 23% in FY Ended March on Higher Overhead Costs	MT
May. 07	St.Cousair Co., Ltd. Announces Dividend for the Year Ended March 31, 2024, Payable on June 24, 2024; Provides Dividend Guidance for the Year Ending March 31, 2025	CI

Valuation

Fiscal Period: March	2023	2024	2025	2026
Capitalization ¹	39,714	19,849	-	-
Enterprise Value (EV) ¹	38,283	22,044	19,849	19,849
P/E ratio	33.7 x	26.7 x	22.7 x	20.3 x
Yield	0.78%	1.46%	1.62%	1.62%
Capitalization / Revenue	2.22 x	1.15 x	0.95 x	0.87 x
EV / Revenue	2.22 x	1.15 x	0.95 x	0.87 x
EV / EBITDA	21.3 x	9.59 x	11.7 x	10.6 x
EV / FCF	48.9 x	33.1 x	-	99.2 x
FCF Yield	2.04%	3.02%	-	1.01%
Price to Book	9.6 x	4.66 x	3.76 x	3.32 x
Nbr of stocks (in thousands)	8,885	9,232	-	-
Reference price ²	4,470	2,160	2,160	2,160
Announcement Date	5/9/23	5/7/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2022	2023	2024	2025	2026
Net sales ¹	14,165	17,865	19,162	21,000	22,900
EBITDA ¹	-	1,869	2,070	1,690	1,880
EBIT ¹	-	1,599	1,289	1,340	1,480
Operating Margin	-	8.95%	6.73%	6.38%	6.46%
Earnings before Tax (EBT)	-	1,648	1,345	-	-
Net income ¹	939.1	1,058	818	880	980
Net margin	6.63%	5.92%	4.27%	4.19%	4.28%
EPS ²	-	132.7	89.42	95.30	106.2
Free Cash Flow ¹	-	811.9	600	-	200
FCF margin	-	4.54%	3.05%	-	0.87%
FCF Conversion (EBITDA)	-	43.45%	28.99%	-	10.64%
FCF Conversion (Net income)	-	76.74%	50.42%	-	20.41%
Dividend per Share ²	-	35.00	35.00	35.00	35.00
Announcement Date	11/17/22	5/9/23	5/7/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2023 S1	2024 Q1	2024 S1	2024 Q3	2025 Q1
Net sales ¹	-	4,806	9,018	5,286	5,240
EBITDA	-	-	-	-	-
EBIT	-	502	746	341	-
Operating Margin	-	10.45%	8.27%	6.45%	-
Earnings before Tax (EBT)	-	555	824	316	-
Net income ¹	-	364	524	200	170
Net margin	-	7.57%	5.81%	3.78%	3.24%
EPS	-	40.08	57.67	21.73	-
Dividend per Share	-	-	-	-	-
Announcement Date	-	8/8/23	11/7/23	2/6/24	-

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: March	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-
Net Cash position	-	1,431	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow ¹	-	812	600	-	200
ROE (net income / shareholders' equity)	-	38%	18.3%	17.5%	17.3%
ROA (Net income/ Total Assets)	-	13.5%	15.1%	9.5%	10.5%
Assets ¹	-	7,812	5,429	9,263	9,333
Book Value Per Share ²	-	466.0	513.0	574.0	650.0
Cash Flow per Share	-	163.0	119.0	-	-
Capex	-	249	-	-	-
Capex / Sales	-	1.39%	-	-	-
Announcement Date	11/17/22	5/9/23	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

Ratings for St.Cousair Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

2,160 JPY

Average target price

2,300 JPY

Spread / Average Target

+6.48%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Food Processing

	1st Jan change	Capi.
ST.COUSAIR CO., LTD.	-16.92%	127M
NESTLÉ S.A.	-0.87%	287B
MONDELEZ INTERNATIONAL, INC.	-6.38%	90.96B
KRAFT HEINZ	-7.00%	41.76B
DANONE	+1.23%	41.74B
THE HERSHEY COMPANY	+5.16%	39.65B
GENERAL MILLS, INC.	+3.56%	38.08B
ARCHER-DANIELS-MIDLAND COMPANY	-15.16%	30.29B
NESTLÉ INDIA LIMITED	-4.23%	28.91B
ASSOCIATED BRITISH FOODS PLC	+7.35%	24.27B

Other Food Processing