TOKAI HOLDINGS CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 959 JPY | +0.31% |
|
+1.59% | -0.42% |
| Feb. 16 | Tokai's Profit Up 75% in Fiscal Nine Months | MT |
| Feb. 12 | Japan's Tokai Boosts Stake in Repower Energy Development | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 120,342 | 122,707 | 125,204 | 112,915 | 114,271 | 125,270 | - | - |
| Enterprise Value (EV) 1 | 180,275 | 180,900 | 177,038 | 169,425 | 174,822 | 125,270 | 125,270 | 125,270 |
| P/E ratio | 15.5 x | 14.9 x | 14.2 x | 12.6 x | 17.7 x | 13.9 x | 13.5 x | 13.2 x |
| Yield | 3.05% | 2.99% | 3.14% | 3.71% | 3.67% | 3.34% | 3.34% | 3.44% |
| Capitalization / Revenue | 0.63 x | 0.63 x | 0.64 x | 0.54 x | 0.5 x | 0.56 x | 0.55 x | 0.54 x |
| EV / Revenue | 0.63 x | 0.63 x | 0.64 x | 0.54 x | 0.5 x | 0.56 x | 0.55 x | 0.54 x |
| EV / EBITDA | 4.28 x | 4.14 x | 4.04 x | 3.56 x | 3.67 x | 3.93 x | 3.63 x | 3.76 x |
| EV / FCF | 21.4 x | 18.3 x | 9.89 x | 18.2 x | 16.2 x | 8.95 x | 7.64 x | 8.35 x |
| FCF Yield | 4.66% | 5.47% | 10.1% | 5.51% | 6.16% | 11.2% | 13.1% | 12% |
| Price to Book | 1.92 x | 1.9 x | 1.68 x | 1.46 x | 1.42 x | 1.48 x | 1.4 x | 1.32 x |
| Nbr of stocks (in thousands) | 130,949 | 130,958 | 130,967 | 130,992 | 130,894 | 130,626 | - | - |
| Reference price 2 | 919.0 | 937.0 | 956.0 | 862.0 | 873.0 | 959.0 | 959.0 | 959.0 |
| Announcement Date | 5/9/19 | 5/8/20 | 5/11/21 | 5/10/22 | 5/9/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 191,600 | 195,952 | 196,726 | 210,691 | 230,190 | 225,000 | 228,300 | 231,200 |
| EBITDA 1 | 28,147 | 29,650 | 31,026 | 31,726 | 31,143 | 31,900 | 34,500 | 33,300 |
| EBIT 1 | 13,057 | 14,224 | 15,226 | 15,794 | 14,919 | 15,800 | 16,300 | 16,700 |
| Operating Margin | 6.81% | 7.26% | 7.74% | 7.5% | 6.48% | 7.02% | 7.14% | 7.22% |
| Earnings before Tax (EBT) 1 | 12,413 | 12,930 | 14,570 | 14,990 | 11,882 | 15,100 | 15,600 | 16,000 |
| Net income 1 | 7,772 | 8,241 | 8,815 | 8,969 | 6,465 | 9,000 | 9,300 | 9,500 |
| Net margin | 4.06% | 4.21% | 4.48% | 4.26% | 2.81% | 4% | 4.07% | 4.11% |
| EPS 2 | 59.36 | 62.93 | 67.32 | 68.49 | 49.41 | 68.90 | 71.20 | 72.70 |
| Free Cash Flow 1 | 5,612 | 6,711 | 12,656 | 6,216 | 7,041 | 14,000 | 16,400 | 15,000 |
| FCF margin | 2.93% | 3.42% | 6.43% | 2.95% | 3.06% | 6.22% | 7.18% | 6.49% |
| FCF Conversion (EBITDA) | 19.94% | 22.63% | 40.79% | 19.59% | 22.61% | 43.89% | 47.54% | 45.05% |
| FCF Conversion (Net income) | 72.21% | 81.43% | 143.57% | 69.31% | 108.91% | 155.56% | 176.34% | 157.89% |
| Dividend per Share 2 | 28.00 | 28.00 | 30.00 | 32.00 | 32.00 | 32.00 | 32.00 | 33.00 |
| Announcement Date | 5/9/19 | 5/8/20 | 5/11/21 | 5/10/22 | 5/9/23 | - | - | - |
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 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 93,015 | 102,937 | 89,836 | 106,890 | 47,664 | 96,060 | 53,360 | 51,803 | 104,110 | 60,139 | 65,941 | 53,971 | 51,255 | 105,226 | 59,450 | 58,100 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 5,500 | 8,724 | 5,452 | 9,774 | 1,997 | 5,223 | 4,025 | 3,355 | 4,253 | 4,213 | 6,453 | 2,484 | 1,770 | 4,254 | 4,543 | 6,900 |
| Operating Margin | 5.91% | 8.48% | 6.07% | 9.14% | 4.19% | 5.44% | 7.54% | 6.48% | 4.09% | 7.01% | 9.79% | 4.6% | 3.45% | 4.04% | 7.64% | 11.88% |
| Earnings before Tax (EBT) | 5,271 | - | 5,431 | - | - | 4,402 | 3,921 | 2,960 | 1,873 | 4,200 | - | 2,383 | - | 3,918 | 4,374 | - |
| Net income 1 | 3,492 | - | 3,279 | - | - | 2,281 | 2,353 | 1,795 | 147 | 2,669 | 3,649 | 1,338 | 881 | 2,219 | 2,715 | 4,000 |
| Net margin | 3.75% | - | 3.65% | - | - | 2.37% | 4.41% | 3.47% | 0.14% | 4.44% | 5.53% | 2.48% | 1.72% | 2.11% | 4.57% | 6.88% |
| EPS | 26.67 | - | 25.04 | - | - | 17.42 | 17.96 | 13.72 | 1.130 | 20.39 | - | 10.25 | - | 17.00 | 20.78 | - |
| Dividend per Share | 14.00 | - | 14.00 | - | - | 15.00 | - | - | 16.00 | - | - | - | - | 16.00 | - | - |
| Announcement Date | 10/31/19 | 5/8/20 | 10/29/20 | 5/11/21 | 10/28/21 | 10/28/21 | 1/27/22 | 7/28/22 | 12/14/22 | 2/2/23 | 5/9/23 | 8/3/23 | 11/2/23 | 11/2/23 | 2/1/24 | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | 59,933 | 58,193 | 51,834 | 56,510 | 60,551 | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.129 x | 1.963 x | 1.671 x | 1.781 x | 1.944 x | - | - | - |
| Free Cash Flow 1 | 5,612 | 6,711 | 12,656 | 6,216 | 7,041 | 14,000 | 16,400 | 15,000 |
| ROE (net income / shareholders' equity) | 12.6% | 13% | 12.7% | 11.8% | 8.2% | 10.9% | 10.7% | 10.3% |
| ROA (Net income/ Total Assets) | 7.94% | 8.58% | 8.78% | 8.75% | 7.03% | 8.4% | - | - |
| Assets 1 | 97,889 | 96,069 | 100,443 | 102,463 | 91,901 | 107,143 | - | - |
| Book Value Per Share 2 | 478.0 | 493.0 | 569.0 | 590.0 | 614.0 | 647.0 | 686.0 | 726.0 |
| Cash Flow per Share | 166.0 | 172.0 | 179.0 | 183.0 | 166.0 | - | - | - |
| Capex 1 | 15,993 | 15,824 | 19,567 | 19,494 | 20,424 | 12,200 | 12,200 | 12,200 |
| Capex / Sales | 8.35% | 8.08% | 9.95% | 9.25% | 8.87% | 5.42% | 5.34% | 5.28% |
| Announcement Date | 5/9/19 | 5/8/20 | 5/11/21 | 5/10/22 | 5/9/23 | - | - | - |
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
HOLD
Number of Analysts
1
Last Close Price
959
JPY
Average target price
950
JPY
Spread / Average Target
-0.94%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -0.42% | 796M | |
| -5.24% | 5.86B | |
| 0.00% | 4.55B | |
| -13.69% | 3.91B | |
| +44.27% | 3.57B | |
| -1.43% | 3.56B | |
| +23.40% | 3.23B | |
| +8.47% | 1.95B | |
| +11.60% | 1.6B | |
| +1.01% | 1.38B |
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- Financials TOKAI Holdings Corporation
