TOKYO SEIMITSU CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 10,525 JPY | +2.23% |
|
-2.27% | +21.38% |
| Feb. 06 | Jefferies Adjusts Tokyo Seimitsu’s Price Target to 12,000 Yen From 10,000 Yen, Keeps at Buy | MT |
| Feb. 05 | Tokyo Seimitsu’s Nine-Month Profit Slumps 30% | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 117,033 | 128,307 | 206,860 | 198,298 | 208,364 | 425,206 | - | - |
| Enterprise Value (EV) 1 | 86,930 | 103,308 | 170,784 | 154,758 | 182,474 | 397,198 | 394,224 | 392,089 |
| P/E ratio | 7.98 x | 17.9 x | 17.2 x | 9.29 x | 8.81 x | 23.1 x | 19.2 x | 16.5 x |
| Yield | 4.44% | 2.47% | 2.06% | 3.79% | 4.59% | 1.73% | 2.11% | 2.47% |
| Capitalization / Revenue | 1.15 x | 1.46 x | 2.13 x | 1.49 x | 1.42 x | 3.2 x | 2.82 x | 2.55 x |
| EV / Revenue | 0.86 x | 1.17 x | 1.76 x | 1.16 x | 1.24 x | 2.99 x | 2.62 x | 2.36 x |
| EV / EBITDA | 3.76 x | 6.55 x | 8.94 x | 4.82 x | 4.76 x | 13.3 x | 11.2 x | 9.47 x |
| EV / FCF | -92.5 x | -684 x | 10.1 x | 10.3 x | -24.6 x | 27.9 x | 31.2 x | 24 x |
| FCF Yield | -1.08% | -0.15% | 9.88% | 9.71% | -4.07% | 3.59% | 3.2% | 4.17% |
| Price to Book | 1.1 x | 1.18 x | 1.79 x | 1.53 x | 1.43 x | 2.74 x | 2.49 x | 2.26 x |
| Nbr of stocks (in thousands) | 41,560 | 41,658 | 41,044 | 40,635 | 40,696 | 40,400 | - | - |
| Reference price 2 | 2,816 | 3,080 | 5,040 | 4,880 | 5,120 | 10,525 | 10,525 | 10,525 |
| Announcement Date | 5/14/19 | 5/11/20 | 5/10/21 | 5/10/22 | 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 | 101,520 | 87,927 | 97,105 | 133,277 | 146,801 | 132,842 | 150,526 | 166,462 |
| EBITDA 1 | 23,102 | 15,773 | 19,106 | 32,124 | 38,326 | 29,867 | 35,200 | 41,400 |
| EBIT 1 | 20,221 | 12,282 | 15,562 | 28,550 | 34,494 | 25,473 | 31,648 | 36,925 |
| Operating Margin | 19.92% | 13.97% | 16.03% | 21.42% | 23.5% | 19.18% | 21.02% | 22.18% |
| Earnings before Tax (EBT) 1 | 20,443 | 10,706 | 16,147 | 29,746 | 33,301 | 26,317 | 33,736 | 38,780 |
| Net income 1 | 14,665 | 7,157 | 12,175 | 21,441 | 23,630 | 18,458 | 22,203 | 25,726 |
| Net margin | 14.45% | 8.14% | 12.54% | 16.09% | 16.1% | 13.89% | 14.75% | 15.45% |
| EPS 2 | 352.9 | 171.9 | 293.8 | 525.3 | 581.3 | 456.1 | 549.0 | 636.1 |
| Free Cash Flow 1 | -940 | -151 | 16,871 | 15,026 | -7,421 | 14,254 | 12,624 | 16,339 |
| FCF margin | -0.93% | -0.17% | 17.37% | 11.27% | -5.06% | 10.73% | 8.39% | 9.82% |
| FCF Conversion (EBITDA) | - | - | 88.3% | 46.77% | - | 47.72% | 35.86% | 39.47% |
| FCF Conversion (Net income) | - | - | 138.57% | 70.08% | - | 77.22% | 56.86% | 63.51% |
| Dividend per Share 2 | 125.0 | 76.00 | 104.0 | 185.0 | 235.0 | 181.6 | 222.0 | 259.6 |
| Announcement Date | 5/14/19 | 5/11/20 | 5/10/21 | 5/10/22 | 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 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 41,994 | 45,933 | 45,112 | 51,993 | 32,527 | 61,464 | 31,981 | 39,832 | 71,813 | 27,919 | 43,157 | 71,076 | 32,038 | 43,687 | 75,725 | 26,618 | 36,919 | 63,537 | 25,358 | 43,894 | 68,663 | 30,767 | 39,740 | 34,947 | 46,350 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 5,589 | 6,693 | 6,282 | 9,280 | 6,932 | 12,927 | 6,325 | 9,298 | 15,623 | 5,691 | 9,994 | 15,685 | 7,448 | 11,361 | 18,809 | 4,250 | 7,139 | 11,389 | 2,997 | 11,010 | 14,611 | 5,627 | 8,417 | 7,550 | 11,133 |
| Operating Margin | 13.31% | 14.57% | 13.93% | 17.85% | 21.31% | 21.03% | 19.78% | 23.34% | 21.76% | 20.38% | 23.16% | 22.07% | 23.25% | 26.01% | 24.84% | 15.97% | 19.34% | 17.92% | 11.82% | 25.08% | 21.28% | 18.29% | 21.18% | 21.6% | 24.02% |
| Earnings before Tax (EBT) 1 | 5,754 | - | 6,127 | 10,020 | 6,971 | 13,004 | 6,578 | 10,164 | 16,742 | 6,502 | 10,124 | 16,626 | 5,369 | 11,306 | 16,675 | 4,736 | 7,347 | 12,083 | 2,990 | 10,528 | - | 5,200 | 9,300 | 5,500 | 11,500 |
| Net income 1 | 4,262 | 2,895 | 4,677 | 7,498 | 5,255 | 9,607 | 4,777 | 7,057 | 11,834 | 4,812 | 7,096 | 11,908 | 3,338 | 8,384 | 11,722 | 3,245 | 5,303 | 8,548 | 2,067 | 7,996 | 10,372 | 3,700 | 6,700 | 4,000 | 8,200 |
| Net margin | 10.15% | 6.3% | 10.37% | 14.42% | 16.16% | 15.63% | 14.94% | 17.72% | 16.48% | 17.24% | 16.44% | 16.75% | 10.42% | 19.19% | 15.48% | 12.19% | 14.36% | 13.45% | 8.15% | 18.22% | 15.11% | 12.03% | 16.86% | 11.45% | 17.69% |
| EPS 2 | 102.4 | 69.53 | 112.3 | - | 128.4 | 234.4 | 117.6 | 173.4 | 291.0 | 118.4 | 174.5 | 292.9 | 82.02 | 206.4 | - | 80.63 | 131.5 | 212.2 | 51.16 | 199.7 | 198.9 | - | - | - | - |
| Dividend per Share | 38.00 | 38.00 | 42.00 | 62.00 | - | 84.00 | - | - | 101.0 | - | - | 109.0 | - | - | 126.0 | - | 89.00 | 89.00 | - | - | - | - | - | - | - |
| Announcement Date | 11/8/19 | 5/11/20 | 11/11/20 | 5/10/21 | 11/2/21 | 11/2/21 | 2/2/22 | 5/10/22 | 5/10/22 | 8/2/22 | 11/2/22 | 11/2/22 | 2/6/23 | 5/12/23 | 5/12/23 | 8/2/23 | 11/2/23 | 11/2/23 | 2/5/24 | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 30,103 | 24,999 | 36,076 | 43,540 | 25,890 | 28,008 | 30,982 | 33,116 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -940 | -151 | 16,871 | 15,026 | -7,421 | 14,254 | 12,624 | 16,339 |
| ROE (net income / shareholders' equity) | 14.4% | 6.7% | 10.9% | 17.5% | 17.3% | 12.3% | 14.8% | 15.6% |
| ROA (Net income/ Total Assets) | 14.3% | 8.13% | 10.3% | 16.7% | 17.7% | 11% | 12.7% | 13.7% |
| Assets 1 | 102,408 | 88,043 | 118,207 | 128,305 | 133,631 | 167,799 | 174,368 | 188,237 |
| Book Value Per Share 2 | 2,551 | 2,601 | 2,811 | 3,185 | 3,574 | 3,836 | 4,219 | 4,652 |
| Cash Flow per Share 2 | 417.0 | 255.0 | 379.0 | 613.0 | 676.0 | 573.0 | 701.0 | 809.0 |
| Capex 1 | 13,872 | 7,477 | 5,950 | 9,816 | 9,725 | 14,530 | 10,986 | 10,835 |
| Capex / Sales | 13.66% | 8.5% | 6.13% | 7.37% | 6.62% | 10.94% | 7.3% | 6.51% |
| Announcement Date | 5/14/19 | 5/11/20 | 5/10/21 | 5/10/22 | 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
C+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
7
Last Close Price
10,525
JPY
Average target price
11,743
JPY
Spread / Average Target
+11.57%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +21.38% | 2.7B | |
| +25.49% | 169B | |
| +31.53% | 31.67B | |
| +32.74% | 32.77B | |
| -20.15% | 26.77B | |
| +27.65% | 22.95B | |
| -12.08% | 11.56B | |
| -4.43% | 10.72B | |
| +122.37% | 9.62B | |
| +31.00% | 5.94B |
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