TAKASAGO THERMAL ENGINEERING CO., LTD. Financials Takasago Thermal Engineering Co., Ltd.
Equities
1969
JP3455200000
Construction & Engineering
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5,260 JPY | -0.19% |
|
-2.23% | +63.35% |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 127,126 | 115,815 | 119,908 | 116,818 | 139,686 | 349,096 | - | - |
| Enterprise Value (EV) 1 | 85,800 | 97,741 | 85,714 | 92,916 | 97,184 | 305,214 | 299,327 | 288,765 |
| P/E ratio | 10.3 x | 8.91 x | 11.8 x | 10.2 x | 11.4 x | 19.5 x | 18.1 x | 16.8 x |
| Yield | 2.92% | 3.37% | 3.25% | 3.46% | 2.99% | 2.21% | 2.21% | 2.36% |
| Capitalization / Revenue | 0.4 x | 0.36 x | 0.44 x | 0.39 x | 0.41 x | 0.97 x | 0.94 x | 0.92 x |
| EV / Revenue | 0.27 x | 0.3 x | 0.31 x | 0.31 x | 0.29 x | 0.85 x | 0.81 x | 0.76 x |
| EV / EBITDA | 4.7 x | 5.04 x | 6.11 x | 5.69 x | 5.46 x | 12.4 x | 11.5 x | 10.5 x |
| EV / FCF | 7.85 x | -6.71 x | 3.85 x | 41.7 x | 4.76 x | 16.1 x | 28.6 x | 23.3 x |
| FCF Yield | 12.7% | -14.9% | 26% | 2.4% | 21% | 6.23% | 3.49% | 4.29% |
| Price to Book | 1.05 x | 0.94 x | 0.9 x | 0.86 x | 0.98 x | 2.27 x | 2.13 x | 1.98 x |
| Nbr of stocks (in thousands) | 71,339 | 69,726 | 69,552 | 67,331 | 66,233 | 66,368 | - | - |
| Reference price 2 | 1,782 | 1,661 | 1,724 | 1,735 | 2,109 | 5,260 | 5,260 | 5,260 |
| Announcement Date | 5/10/19 | 6/12/20 | 5/14/21 | 5/13/22 | 5/12/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 319,834 | 320,893 | 275,181 | 302,746 | 338,831 | 360,167 | 371,433 | 379,333 |
| EBITDA 1 | 18,243 | 19,379 | 14,025 | 16,324 | 17,807 | 24,633 | 26,000 | 27,567 |
| EBIT 1 | 17,219 | 17,900 | 12,300 | 14,383 | 15,326 | 23,250 | 25,650 | 27,783 |
| Operating Margin | 5.38% | 5.58% | 4.47% | 4.75% | 4.52% | 6.46% | 6.91% | 7.32% |
| Earnings before Tax (EBT) 1 | 18,792 | 19,025 | 14,616 | 16,726 | 16,852 | 23,633 | 25,000 | 27,067 |
| Net income 1 | 12,609 | 13,231 | 10,116 | 11,535 | 12,227 | 17,850 | 19,250 | 20,750 |
| Net margin | 3.94% | 4.12% | 3.68% | 3.81% | 3.61% | 4.96% | 5.18% | 5.47% |
| EPS 2 | 173.3 | 186.5 | 145.6 | 169.4 | 184.7 | 269.1 | 290.4 | 313.6 |
| Free Cash Flow 1 | 10,929 | -14,556 | 22,244 | 2,228 | 20,399 | 19,000 | 10,450 | 12,400 |
| FCF margin | 3.42% | -4.54% | 8.08% | 0.74% | 6.02% | 5.28% | 2.81% | 3.27% |
| FCF Conversion (EBITDA) | 59.91% | - | 158.6% | 13.65% | 114.56% | 77.13% | 40.19% | 44.98% |
| FCF Conversion (Net income) | 86.68% | - | 219.89% | 19.32% | 166.84% | 106.44% | 54.29% | 59.76% |
| Dividend per Share 2 | 52.00 | 56.00 | 56.00 | 60.00 | 63.00 | 116.3 | 116.2 | 124.2 |
| Announcement Date | 5/10/19 | 6/12/20 | 5/14/21 | 5/13/22 | 5/12/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 145,457 | - | 117,655 | 157,526 | 66,700 | 122,275 | 77,886 | 102,585 | 180,471 | 72,314 | 78,487 | 150,801 | 87,880 | 100,150 | 188,030 | 78,246 | 86,124 | 164,370 | 99,362 | 98,512 | 80,000 | 89,000 | 97,000 | 112,000 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 7,630 | - | 3,215 | 9,085 | 2,437 | 2,231 | 5,268 | 6,884 | 12,152 | -677 | 2,232 | 1,555 | 6,966 | 6,805 | 13,771 | 2,319 | 5,886 | 8,205 | 10,304 | 5,561 | 3,000 | 6,200 | 7,500 | 8,300 |
| Operating Margin | 5.25% | - | 2.73% | 5.77% | 3.65% | 1.82% | 6.76% | 6.71% | 6.73% | -0.94% | 2.84% | 1.03% | 7.93% | 6.79% | 7.32% | 2.96% | 6.83% | 4.99% | 10.37% | 5.64% | 3.75% | 6.97% | 7.73% | 7.41% |
| Earnings before Tax (EBT) 1 | 8,524 | - | 3,288 | 11,328 | 2,694 | 3,015 | 5,409 | 8,302 | 13,711 | -104 | 2,460 | 2,356 | 7,433 | 7,063 | 14,496 | 3,114 | 5,928 | 9,042 | 10,793 | 5,035 | 3,000 | 6,200 | 7,500 | 9,400 |
| Net income 1 | 5,916 | - | 2,024 | 8,092 | 1,893 | 1,786 | 3,983 | 5,766 | 9,749 | -481 | 1,943 | 1,462 | 5,458 | 5,307 | 10,765 | 1,972 | 4,049 | 6,021 | 8,043 | 3,891 | 2,100 | 4,300 | 5,100 | 5,900 |
| Net margin | 4.07% | - | 1.72% | 5.14% | 2.84% | 1.46% | 5.11% | 5.62% | 5.4% | -0.67% | 2.48% | 0.97% | 6.21% | 5.3% | 5.73% | 2.52% | 4.7% | 3.66% | 8.09% | 3.95% | 2.62% | 4.83% | 5.26% | 5.27% |
| EPS | 82.69 | - | 29.12 | - | 27.39 | 25.84 | 58.21 | - | - | -7.290 | - | 22.10 | 82.44 | - | - | 29.77 | - | 90.82 | 121.2 | - | - | - | - | - |
| Dividend per Share | 26.00 | 30.00 | 28.00 | 28.00 | - | 29.00 | - | - | 31.00 | - | - | 30.00 | - | - | 33.00 | - | - | 38.00 | - | - | - | - | - | - |
| Announcement Date | 11/8/19 | 6/12/20 | 11/13/20 | 5/14/21 | 11/12/21 | 11/12/21 | 2/10/22 | 5/13/22 | 5/13/22 | 8/10/22 | 11/11/22 | 11/11/22 | 2/10/23 | 5/12/23 | 5/12/23 | 8/10/23 | 11/14/23 | 11/14/23 | 2/8/24 | - | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 41,326 | 18,074 | 34,194 | 23,902 | 42,502 | 43,882 | 49,770 | 60,331 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 10,929 | -14,556 | 22,244 | 2,228 | 20,399 | 19,000 | 10,450 | 12,400 |
| ROE (net income / shareholders' equity) | 10.4% | 10.8% | 7.96% | 8.7% | 8.9% | 12.1% | 11.3% | 11.4% |
| ROA (Net income/ Total Assets) | 6.74% | 7.07% | 3.77% | 5.47% | 5.43% | 5.68% | 5.88% | 6.18% |
| Assets 1 | 187,177 | 187,081 | 268,397 | 210,904 | 225,020 | 314,537 | 327,660 | 336,032 |
| Book Value Per Share 2 | 1,704 | 1,758 | 1,908 | 2,009 | 2,151 | 2,321 | 2,475 | 2,652 |
| Cash Flow per Share 2 | 185.0 | 205.0 | 325.0 | 195.0 | 219.0 | 304.0 | 321.0 | 347.0 |
| Capex 1 | 3,963 | 11,516 | 4,637 | 2,960 | 5,983 | 4,000 | 5,250 | 5,250 |
| Capex / Sales | 1.24% | 3.59% | 1.69% | 0.98% | 1.77% | 1.11% | 1.41% | 1.38% |
| Announcement Date | 5/10/19 | 6/12/20 | 5/14/21 | 5/13/22 | 5/12/23 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
5,260
JPY
Average target price
4,583
JPY
Spread / Average Target
-12.86%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +63.35% | 2.27B | |
| -0.79% | 59.25B | |
| +18.16% | 37.33B | |
| +11.43% | 30.82B | |
| +3.39% | 26.69B | |
| +15.67% | 20.69B | |
| +15.21% | 19.47B | |
| +22.41% | 16.97B | |
| +65.39% | 16.74B | |
| +11.43% | 14.81B |
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- Financials Takasago Thermal Engineering Co., Ltd.
