T.KAWABE & CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,449 JPY | +1.54% |
|
-0.34% | +34.79% |
| 2023 | T.Kawabe & Co., Ltd. Reports Earnings Results for the Full Year Ended March 31, 2023 | CI |
| 2021 | ICHIHIRO CO.,LTD. completed the acquisition of additional 28.4% stake in T.Kawabe & Co., Ltd.. | CI |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,890 | 2,750 | 2,337 | 1,972 | 1,530 | 1,716 |
| Enterprise Value (EV) 1 | 6,011 | 4,621 | 4,207 | 3,778 | 3,568 | 2,715 |
| P/E ratio | 12 x | 10.4 x | -180 x | -4.55 x | -4.19 x | 13.8 x |
| Yield | 2.35% | 3.32% | 2.34% | - | - | 1.6% |
| Capitalization / Revenue | 0.24 x | 0.17 x | 0.16 x | 0.17 x | 0.14 x | 0.14 x |
| EV / Revenue | 0.37 x | 0.28 x | 0.28 x | 0.33 x | 0.33 x | 0.22 x |
| EV / EBITDA | 9.48 x | 10.5 x | 46.7 x | -14.5 x | -137 x | 8.76 x |
| EV / FCF | -27.7 x | 20.8 x | 51.5 x | -199 x | -15.2 x | 3.06 x |
| FCF Yield | -3.6% | 4.8% | 1.94% | -0.5% | -6.58% | 32.7% |
| Price to Book | 0.53 x | 0.38 x | 0.34 x | 0.31 x | 0.25 x | 0.27 x |
| Nbr of stocks (in thousands) | 1,826 | 1,826 | 1,826 | 1,826 | 1,826 | 1,826 |
| Reference price 2 | 2,130 | 1,506 | 1,280 | 1,080 | 838.0 | 940.0 |
| Announcement Date | 6/29/18 | 6/28/19 | 6/29/20 | 6/30/21 | 6/29/22 | 6/29/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 16,281 | 16,233 | 14,859 | 11,293 | 10,786 | 12,551 |
| EBITDA 1 | 634 | 441 | 90 | -260 | -26 | 310 |
| EBIT 1 | 381 | 224 | -105 | -462 | -215 | 124 |
| Operating Margin | 2.34% | 1.38% | -0.71% | -4.09% | -1.99% | 0.99% |
| Earnings before Tax (EBT) 1 | 521 | 436 | 70 | -619 | -152 | 238 |
| Net income 1 | 323 | 264 | -13 | -433 | -365 | 124 |
| Net margin | 1.98% | 1.63% | -0.09% | -3.83% | -3.38% | 0.99% |
| EPS 2 | 176.9 | 144.6 | -7.119 | -237.2 | -199.9 | 67.92 |
| Free Cash Flow 1 | -216.6 | 221.8 | 81.75 | -19 | -234.9 | 887.2 |
| FCF margin | -1.33% | 1.37% | 0.55% | -0.17% | -2.18% | 7.07% |
| FCF Conversion (EBITDA) | - | 50.28% | 90.83% | - | - | 286.21% |
| FCF Conversion (Net income) | - | 84% | - | - | - | 715.52% |
| Dividend per Share 2 | 50.00 | 50.00 | 30.00 | - | - | 15.00 |
| Announcement Date | 6/29/18 | 6/28/19 | 6/29/20 | 6/30/21 | 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 | 7,146 | 4,908 | 4,553 | 3,129 | 2,680 | 5,536 | 3,471 | 2,782 | 5,728 | 3,645 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | -122 | -300 | -391 | 138 | -154 | -220 | 132 | -156 | -90 | 90 |
| Operating Margin | -1.71% | -6.11% | -8.59% | 4.41% | -5.75% | -3.97% | 3.8% | -5.61% | -1.57% | 2.47% |
| Earnings before Tax (EBT) 1 | -6 | -100 | -369 | 153 | -129 | -183 | 155 | -131 | -46 | 112 |
| Net income 1 | -18 | -139 | -341 | 83 | -143 | -199 | 139 | -162 | -73 | 95 |
| Net margin | -0.25% | -2.83% | -7.49% | 2.65% | -5.34% | -3.59% | 4% | -5.82% | -1.27% | 2.61% |
| EPS 2 | -9.880 | -76.38 | -187.3 | 45.43 | -78.67 | -109.1 | 76.08 | -88.81 | -40.43 | 52.88 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/8/19 | 11/13/20 | 11/12/21 | 2/14/22 | 8/10/22 | 11/11/22 | 2/13/23 | 8/10/23 | 11/13/23 | 2/13/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 2,121 | 1,871 | 1,870 | 1,806 | 2,038 | 999 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.345 x | 4.243 x | 20.78 x | -6.946 x | -78.38 x | 3.223 x |
| Free Cash Flow 1 | -217 | 222 | 81.8 | -19 | -235 | 887 |
| ROE (net income / shareholders' equity) | 4.45% | 3.6% | -0.18% | -6.53% | -5.86% | 1.99% |
| ROA (Net income/ Total Assets) | 1.56% | 0.96% | -0.48% | -2.24% | -1.08% | 0.63% |
| Assets 1 | 20,677 | 27,477 | 2,700 | 19,354 | 33,743 | 19,592 |
| Book Value Per Share 2 | 4,041 | 3,932 | 3,766 | 3,499 | 3,329 | 3,510 |
| Cash Flow per Share 2 | 523.0 | 380.0 | 400.0 | 497.0 | 716.0 | 868.0 |
| Capex 1 | 131 | 56 | 119 | 80 | 126 | 37 |
| Capex / Sales | 0.8% | 0.34% | 0.8% | 0.71% | 1.17% | 0.29% |
| Announcement Date | 6/29/18 | 6/28/19 | 6/29/20 | 6/30/21 | 6/29/22 | 6/29/23 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +34.79% | 16.82M | |
| +0.18% | 397B | |
| -0.78% | 137B | |
| -38.99% | 39.28B | |
| +9.95% | 17.95B | |
| +29.60% | 11.68B | |
| +45.16% | 9.56B | |
| -1.73% | 6.79B | |
| -2.63% | 6.59B | |
| +18.99% | 6.44B |
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