Financials Treasure Factory Co.,LTD.

Equities

3093

JP3637270004

Other Specialty Retailers

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-04-26 am EDT			5-day change	1st Jan Change
1,631 ^JPY	+0.25%		+1.43%	+26.14%

Apr. 18	Treasure Factory Attributable Profit Up 31% in Fiscal 2024	MT
Apr. 10	Treasure Factory Co.,LTD. Provides Consolidated Earnings Guidance for the Six Months and Full Year Ending February 28, 2025	CI

Valuation

Fiscal Period: February	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	8,806	7,864	9,981	10,448	25,003	38,153	-	-
Enterprise Value (EV) ¹	9,730	8,850	11,773	12,425	26,161	34,528	35,040	31,908
P/E ratio	15.7 x	15.2 x	-73.9 x	15 x	14.4 x	15.4 x	14.7 x	13.3 x
Yield	2.05%	2.45%	1.13%	1.81%	1.68%	1.9%	1.96%	2.33%
Capitalization / Revenue	0.5 x	0.41 x	0.53 x	0.45 x	0.89 x	1 x	0.94 x	0.85 x
EV / Revenue	0.55 x	0.46 x	0.63 x	0.53 x	0.93 x	1 x	0.87 x	0.71 x
EV / EBITDA	-	-	-	-	-	9.5 x	7.22 x	5.35 x
EV / FCF	19.2 x	28.8 x	45.2 x	45.5 x	-	20.6 x	14.3 x	13.5 x
FCF Yield	5.22%	3.47%	2.21%	2.2%	-	4.86%	6.99%	7.42%
Price to Book	2.06 x	1.71 x	2.31 x	2.21 x	3.77 x	4.08 x	-	-
Nbr of stocks (in thousands)	22,550	22,632	22,632	22,229	22,772	23,393	-	-
Reference price ²	390.5	347.5	441.0	470.0	1,098	1,631	1,631	1,631
Announcement Date	4/10/19	4/14/20	4/14/21	4/13/22	4/12/23	4/10/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	17,737	19,123	18,735	23,313	28,212	34,454	40,500	44,726
EBITDA ¹	-	-	-	-	-	3,948	4,852	5,961
EBIT ¹	905	939	106	995	2,565	3,348	4,000	4,918
Operating Margin	5.1%	4.91%	0.57%	4.27%	9.09%	9.72%	9.88%	11%
Earnings before Tax (EBT) ¹	853	756	17	848	2,488	3,317	-	-
Net income ¹	564	515	-134	703	1,710	2,241	2,600	2,880
Net margin	3.18%	2.69%	-0.72%	3.02%	6.06%	6.5%	6.42%	6.44%
EPS ²	24.90	22.80	-5.970	31.39	76.31	95.94	111.1	123.0
Free Cash Flow ¹	508	307	260.2	273.2	-	1,823	2,449	2,369
FCF margin	2.86%	1.61%	1.39%	1.17%	-	5.35%	6.05%	5.3%
FCF Conversion (EBITDA)	-	-	-	-	-	46.18%	50.47%	39.74%
FCF Conversion (Net income)	90.07%	59.61%	-	38.86%	-	81.51%	94.19%	82.26%
Dividend per Share ²	8.000	8.500	5.000	8.500	18.50	28.00	32.00	38.00
Announcement Date	4/10/19	4/14/20	4/14/21	4/13/22	4/12/23	4/10/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: February	2020 S1	2021 S1	2022 Q2	2022 S1	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 S1	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 S1	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	9,066	8,377	5,068	10,736	6,150	6,427	6,733	6,092	12,825	7,563	7,824	8,259	7,603	15,862	9,011	9,581	9,950	9,050	10,500	11,000
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	379	-263	-188	155	425	415	766	236	1,002	899	664	1,032	416	1,448	1,027	873	1,280	490	1,180	1,050
Operating Margin	4.18%	-3.14%	-3.71%	1.44%	6.91%	6.46%	11.38%	3.87%	7.81%	11.89%	8.49%	12.5%	5.47%	9.13%	11.4%	9.11%	12.86%	5.41%	11.24%	9.55%
Earnings before Tax (EBT)	443	-216	-	123	436	-	785	-	1,031	911	-	1,042	-	1,468	1,040	-	-	-	-	-
Net income ¹	288	-266	-200	45	287	371	532	133	665	598	447	673	259	932	668	641	830	320	770	680
Net margin	3.18%	-3.18%	-3.95%	0.42%	4.67%	5.77%	7.9%	2.18%	5.19%	7.91%	5.71%	8.15%	3.41%	5.88%	7.41%	6.69%	8.34%	3.54%	7.33%	6.18%
EPS	12.74	-11.76	-	2.015	12.79	-	23.94	-	29.90	26.82	-	28.94	-	39.97	28.58	-	-	-	-	-
Dividend per Share	4.500	1.000	-	4.000	-	-	-	-	6.000	-	-	-	-	12.00	-	-	-	-	-	-
Announcement Date	10/9/19	10/13/20	10/13/21	10/13/21	1/12/22	4/13/22	7/13/22	10/12/22	10/12/22	1/12/23	4/12/23	7/12/23	10/11/23	10/11/23	1/12/24	4/10/24	-	-	-	-

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: February	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	924	986	1,792	1,977	1,158	-	-	-
Net Cash position ¹	-	-	-	-	-	664	3,113	6,245
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	508	307	260	273	-	1,823	2,449	2,369
ROE (net income / shareholders' equity)	13.8%	11.6%	-3%	15.6%	29.8%	29.4%	25.2%	26.9%
ROA (Net income/ Total Assets)	11.4%	10.9%	1.67%	9.48%	19.8%	20.9%	20.4%	20.3%
Assets ¹	4,969	4,729	-8,022	7,412	8,631	10,705	12,745	14,187
Book Value Per Share	189.0	204.0	191.0	212.0	291.0	362.0	-	-
Cash Flow per Share ²	37.60	36.10	7.340	45.90	93.50	119.0	138.0	155.0
Capex ¹	341	331	222	597	807	650	1,300	1,300
Capex / Sales	1.92%	1.73%	1.19%	2.56%	2.86%	1.91%	3.21%	2.91%
Announcement Date	4/10/19	4/14/20	4/14/21	4/13/22	4/12/23	4/10/24	-	-

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

Ratings for Treasure Factory Co.,LTD.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1,631 JPY

Average target price

1,800 JPY

Spread / Average Target

+10.36%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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