SYSTEM D INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,286 JPY | +1.74% |
|
+2.39% | -3.67% |
| 2023 | System D Inc. Reports Earnings Results for the Full Year Ended October 31, 2023 | CI |
| 2023 | System D Inc. acquired Nakamura Ranch Co., Ltd. from Shunsuke Nakamura for ¥190 million | CI |
Valuation
| Fiscal Period: October | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,604 | 4,714 | 10,590 | 8,759 | 9,534 | 8,356 |
| Enterprise Value (EV) 1 | 4,323 | 4,283 | 9,651 | 7,663 | 8,870 | 7,601 |
| P/E ratio | 17.8 x | 12.3 x | 20.8 x | 15.3 x | 16.1 x | 13.2 x |
| Yield | 0.99% | 1.38% | 0.86% | 1.32% | 1.34% | 1.76% |
| Capitalization / Revenue | 1.35 x | 1.32 x | 2.75 x | 2.28 x | 2.25 x | 1.76 x |
| EV / Revenue | 1.27 x | 1.2 x | 2.5 x | 1.99 x | 2.1 x | 1.6 x |
| EV / EBITDA | 5.86 x | 5.11 x | 8.81 x | 6.34 x | 6.41 x | 5.49 x |
| EV / FCF | 9.61 x | 14.4 x | 18 x | 14 x | -30.9 x | 26.7 x |
| FCF Yield | 10.4% | 6.93% | 5.56% | 7.12% | -3.23% | 3.75% |
| Price to Book | 2.09 x | 1.86 x | 3.55 x | 2.83 x | 2.66 x | 2.04 x |
| Nbr of stocks (in thousands) | 6,493 | 6,493 | 6,493 | 6,403 | 6,403 | 6,403 |
| Reference price 2 | 709.0 | 726.0 | 1,631 | 1,368 | 1,489 | 1,305 |
| Announcement Date | 1/30/19 | 1/30/20 | 1/28/21 | 1/28/22 | 1/27/23 | 1/30/24 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: October | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 3,399 | 3,566 | 3,854 | 3,842 | 4,232 | 4,736 |
| EBITDA 1 | 738 | 838 | 1,096 | 1,208 | 1,384 | 1,385 |
| EBIT 1 | 391 | 536 | 727 | 809 | 898 | 914 |
| Operating Margin | 11.5% | 15.03% | 18.86% | 21.06% | 21.22% | 19.3% |
| Earnings before Tax (EBT) 1 | 376 | 535 | 720 | 797 | 841 | 906 |
| Net income 1 | 258 | 382 | 510 | 573 | 591 | 632 |
| Net margin | 7.59% | 10.71% | 13.23% | 14.91% | 13.97% | 13.34% |
| EPS 2 | 39.74 | 58.84 | 78.56 | 89.24 | 92.31 | 98.72 |
| Free Cash Flow 1 | 449.9 | 296.8 | 536.8 | 545.6 | -286.8 | 285 |
| FCF margin | 13.24% | 8.32% | 13.93% | 14.2% | -6.78% | 6.02% |
| FCF Conversion (EBITDA) | 60.96% | 35.41% | 48.97% | 45.17% | - | 20.58% |
| FCF Conversion (Net income) | 174.37% | 77.68% | 105.25% | 95.22% | - | 45.09% |
| Dividend per Share 2 | 7.000 | 10.00 | 14.00 | 18.00 | 20.00 | 23.00 |
| Announcement Date | 1/30/19 | 1/30/20 | 1/28/21 | 1/28/22 | 1/27/23 | 1/30/24 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: October | 2020 S1 | 2021 S1 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,134 | 1,979 | 796 | 1,499 | 2,295 | 809 | 975 | 2,428 | 887 | 921 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 569 | 487 | 130 | 545 | 675 | -1 | 166 | 551 | 29 | 114 |
| Operating Margin | 26.66% | 24.61% | 16.33% | 36.36% | 29.41% | -0.12% | 17.03% | 22.69% | 3.27% | 12.38% |
| Earnings before Tax (EBT) 1 | 566 | 487 | 81 | - | 626 | 1 | 167 | 551 | 30 | 99 |
| Net income 1 | 394 | 334 | 56 | - | 437 | - | 111 | 376 | 13 | 68 |
| Net margin | 18.46% | 16.88% | 7.04% | - | 19.04% | - | 11.38% | 15.49% | 1.47% | 7.38% |
| EPS 2 | 60.70 | 51.96 | 8.780 | - | 68.40 | -0.0400 | 17.46 | 58.83 | 1.960 | 10.75 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 6/15/20 | 6/14/21 | 3/14/22 | 6/13/22 | 6/13/22 | 9/12/22 | 3/13/23 | 6/12/23 | 9/11/23 | 3/18/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: October | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 281 | 431 | 939 | 1,096 | 664 | 755 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 450 | 297 | 537 | 546 | -287 | 285 |
| ROE (net income / shareholders' equity) | 12.3% | 16.1% | 18.5% | 18.8% | 17.7% | 16.5% |
| ROA (Net income/ Total Assets) | 6.49% | 8.38% | 10.4% | 10.9% | 10.6% | 9.41% |
| Assets 1 | 3,975 | 4,559 | 4,883 | 5,254 | 5,578 | 6,718 |
| Book Value Per Share 2 | 339.0 | 391.0 | 459.0 | 484.0 | 559.0 | 639.0 |
| Cash Flow per Share 2 | 113.0 | 110.0 | 167.0 | 177.0 | 191.0 | 185.0 |
| Capex 1 | 216 | 9 | 15 | 25 | 1,102 | 198 |
| Capex / Sales | 6.35% | 0.25% | 0.39% | 0.65% | 26.04% | 4.18% |
| Announcement Date | 1/30/19 | 1/30/20 | 1/28/21 | 1/28/22 | 1/27/23 | 1/30/24 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -3.67% | 51.65M | |
| +10.49% | 320B | |
| +22.21% | 213B | |
| +2.08% | 148B | |
| +9.95% | 56.08B | |
| +9.58% | 32.39B | |
| -1.80% | 28.25B | |
| +104.71% | 22.8B | |
| +23.11% | 20.04B | |
| -0.98% | 14.59B |
- Stock Market
- Equities
- 3804 Stock
- Financials System D Inc.
