TACMINA CORPORATION |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,901 JPY | +0.42% |
|
-1.71% | +9.44% |
| 2023 | Tacmina Corporation Reports Earnings Results for the Full Year Ended March 31, 2023 | CI |
| 2020 | N.K. Freudel Ltd. agreed to acquire a 6.46% stake in Tacmina Corporation from Nobuhiko Yamada. | CI |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 11,762 | 13,292 | 8,658 | 9,648 | 8,555 | 8,925 |
| Enterprise Value (EV) 1 | 10,874 | 11,810 | 6,342 | 6,580 | 5,345 | 5,527 |
| P/E ratio | 15.6 x | 13.1 x | 12.1 x | 16.4 x | 9.72 x | 8.41 x |
| Yield | 2.14% | 2.43% | 3.73% | 2.99% | 3.79% | - |
| Capitalization / Revenue | 1.5 x | 1.45 x | 1.03 x | 1.17 x | 0.99 x | 0.92 x |
| EV / Revenue | 1.39 x | 1.29 x | 0.75 x | 0.8 x | 0.62 x | 0.57 x |
| EV / EBITDA | 9.79 x | 7.14 x | 5.13 x | 6.2 x | 3.74 x | 3.27 x |
| EV / FCF | 35.6 x | 11.5 x | 6.33 x | 5.81 x | 11.5 x | 10 x |
| FCF Yield | 2.81% | 8.68% | 15.8% | 17.2% | 8.73% | 9.99% |
| Price to Book | 1.89 x | 1.93 x | 1.21 x | 1.28 x | 1.05 x | 0.99 x |
| Nbr of stocks (in thousands) | 7,185 | 7,185 | 7,185 | 7,200 | 7,213 | 7,227 |
| Reference price 2 | 1,637 | 1,850 | 1,205 | 1,340 | 1,186 | 1,235 |
| Announcement Date | 6/25/18 | 6/24/19 | 6/22/20 | 6/21/21 | 6/27/22 | 6/22/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 7,817 | 9,162 | 8,414 | 8,269 | 8,676 | 9,744 |
| EBITDA 1 | 1,111 | 1,655 | 1,237 | 1,062 | 1,431 | 1,689 |
| EBIT 1 | 891 | 1,417 | 1,000 | 841 | 1,218 | 1,459 |
| Operating Margin | 11.4% | 15.47% | 11.88% | 10.17% | 14.04% | 14.97% |
| Earnings before Tax (EBT) 1 | 1,007 | 1,429 | 1,026 | 842 | 1,242 | 1,447 |
| Net income 1 | 753 | 1,018 | 714 | 589 | 880 | 1,060 |
| Net margin | 9.63% | 11.11% | 8.49% | 7.12% | 10.14% | 10.88% |
| EPS 2 | 104.8 | 141.7 | 99.38 | 81.87 | 122.1 | 146.8 |
| Free Cash Flow 1 | 305.4 | 1,025 | 1,001 | 1,132 | 466.6 | 552.2 |
| FCF margin | 3.91% | 11.19% | 11.9% | 13.69% | 5.38% | 5.67% |
| FCF Conversion (EBITDA) | 27.49% | 61.96% | 80.95% | 106.59% | 32.61% | 32.7% |
| FCF Conversion (Net income) | 40.55% | 100.72% | 140.25% | 192.19% | 53.03% | 52.1% |
| Dividend per Share 2 | 35.00 | 45.00 | 45.00 | 40.00 | 45.00 | - |
| Announcement Date | 6/25/18 | 6/24/19 | 6/22/20 | 6/21/21 | 6/27/22 | 6/22/23 |
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 | 4,122 | 3,793 | 3,949 | 2,233 | 1,907 | 4,279 | 2,429 | 2,238 | 5,043 | 2,914 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 500 | 362 | 464 | 363 | 131 | 548 | 384 | 231 | 704 | 377 |
| Operating Margin | 12.13% | 9.54% | 11.75% | 16.26% | 6.87% | 12.81% | 15.81% | 10.32% | 13.96% | 12.94% |
| Earnings before Tax (EBT) 1 | 515 | 360 | 468 | 380 | 115 | 529 | 386 | 247 | 725 | 382 |
| Net income 1 | 354 | 246 | 321 | 266 | 71 | 356 | 275 | 169 | 508 | 270 |
| Net margin | 8.59% | 6.49% | 8.13% | 11.91% | 3.72% | 8.32% | 11.32% | 7.55% | 10.07% | 9.27% |
| EPS 2 | 49.33 | 34.24 | 44.59 | 36.88 | 9.940 | 49.34 | 38.10 | 23.49 | 70.35 | 37.29 |
| Dividend per Share | 20.00 | 20.00 | 20.00 | - | - | 20.00 | - | - | 25.00 | - |
| Announcement Date | 11/1/19 | 10/30/20 | 11/5/21 | 2/4/22 | 8/5/22 | 11/2/22 | 2/3/23 | 8/4/23 | 11/2/23 | 2/2/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 888 | 1,482 | 2,316 | 3,068 | 3,210 | 3,398 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 305 | 1,025 | 1,001 | 1,132 | 467 | 552 |
| ROE (net income / shareholders' equity) | 12.6% | 15.6% | 10.2% | 8.04% | 11.3% | 12.4% |
| ROA (Net income/ Total Assets) | 5.55% | 8.4% | 5.69% | 4.7% | 6.47% | 7.07% |
| Assets 1 | 13,577 | 12,114 | 12,548 | 12,539 | 13,597 | 14,998 |
| Book Value Per Share 2 | 864.0 | 957.0 | 993.0 | 1,043 | 1,125 | 1,241 |
| Cash Flow per Share 2 | 190.0 | 270.0 | 376.0 | 480.0 | 499.0 | 524.0 |
| Capex 1 | 440 | 151 | 161 | 42 | 122 | 222 |
| Capex / Sales | 5.63% | 1.65% | 1.91% | 0.51% | 1.41% | 2.28% |
| Announcement Date | 6/25/18 | 6/24/19 | 6/22/20 | 6/21/21 | 6/27/22 | 6/22/23 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +9.44% | 87.54M | |
| +1.54% | 16.95B | |
| -7.56% | 13.87B | |
| +14.41% | 6.22B | |
| -12.35% | 4.75B | |
| -0.15% | 3.01B | |
| +30.20% | 1.92B | |
| +48.26% | 1.24B | |
| +0.75% | 1.21B | |
| +26.50% | 1.03B |
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