Financials WDB Holdings Co., Ltd.

Equities

2475

JP3505940001

Employment Services

Market Closed - Japan Exchange 02:00:00 2024-04-26 am EDT 5-day change 1st Jan Change
2,226 JPY +0.95% Intraday chart for WDB Holdings Co., Ltd. +4.90% +0.59%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 61,304 41,801 51,203 53,611 39,003 43,717 - -
Enterprise Value (EV) 1 47,942 25,529 31,797 37,185 20,633 43,717 43,717 43,717
P/E ratio 21 x 13.4 x 15.1 x 12.9 x 11 x 12.3 x 12 x 11.4 x
Yield 0.73% 1.31% 1.45% 1.82% 2.59% 3.26% 3.37% 3.59%
Capitalization / Revenue 1.47 x 0.97 x 1.16 x 1.14 x 0.82 x 0.87 x 0.84 x 0.81 x
EV / Revenue 1.47 x 0.97 x 1.16 x 1.14 x 0.82 x 0.87 x 0.84 x 0.81 x
EV / EBITDA 11,639,746 x - - - - - - -
EV / FCF 19.3 x 15.3 x 12.5 x - 12.1 x 13.3 x 12.3 x 11.9 x
FCF Yield 5.18% 6.54% 8% - 8.25% 7.55% 8.15% 8.43%
Price to Book 3.77 x 2.16 x 2.35 x 2.13 x 1.41 x - - -
Nbr of stocks (in thousands) 19,839 19,839 19,739 19,739 19,639 19,639 - -
Reference price 2 3,090 2,107 2,594 2,716 1,986 2,226 2,226 2,226
Announcement Date 5/10/19 5/14/20 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 41,569 43,108 44,126 46,875 47,602 50,000 52,000 54,000
EBITDA 5,267 - - - - - - -
EBIT 1 4,962 4,956 5,109 6,314 5,508 5,600 5,800 6,100
Operating Margin 11.94% 11.5% 11.58% 13.47% 11.57% 11.2% 11.15% 11.3%
Earnings before Tax (EBT) 1 4,655 4,926 5,225 6,417 5,548 5,650 5,850 6,150
Net income 1 2,922 3,114 3,405 4,171 3,540 3,550 3,650 3,850
Net margin 7.03% 7.22% 7.72% 8.9% 7.44% 7.1% 7.02% 7.13%
EPS 2 147.3 157.0 171.8 211.3 179.8 180.8 185.9 196.0
Free Cash Flow 1 3,175 2,734 4,097 - 3,219 3,299 3,565 3,685
FCF margin 7.64% 6.34% 9.28% - 6.76% 6.6% 6.86% 6.82%
FCF Conversion (EBITDA) 60.28% - - - - - - -
FCF Conversion (Net income) 108.66% 87.8% 120.32% - 90.92% 92.93% 97.67% 95.71%
Dividend per Share 2 22.50 27.50 37.50 49.50 51.50 72.50 75.00 80.00
Announcement Date 5/10/19 5/14/20 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 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
Net sales 1 21,434 21,674 21,592 22,534 23,235 12,060 11,580 23,640 11,860 11,852 23,712 12,022 11,868 23,890 12,469 12,185 24,654 12,632 12,714 25,346
EBITDA - - - - - - - - - - - - - - - - - - - -
EBIT 1 2,384 2,572 2,529 2,580 3,270 1,653 1,391 3,044 1,428 1,420 2,848 1,423 1,237 2,660 1,288 1,370 2,658 1,588 1,354 2,954
Operating Margin 11.12% 11.87% 11.71% 11.45% 14.07% 13.71% 12.01% 12.88% 12.04% 11.98% 12.01% 11.84% 10.42% 11.13% 10.33% 11.24% 10.78% 12.57% 10.65% 11.65%
Earnings before Tax (EBT) 1 2,363 2,563 2,557 2,668 3,294 1,669 1,454 3,123 1,433 1,392 2,825 1,434 1,289 2,723 1,301 1,372 2,673 1,587 1,379 2,970
Net income 1 1,422 1,692 1,648 1,757 2,038 1,109 1,024 2,133 892 805 1,697 867 976 1,843 626 858 1,484 1,119 947 2,066
Net margin 6.63% 7.81% 7.63% 7.8% 8.77% 9.2% 8.84% 9.02% 7.52% 6.79% 7.16% 7.21% 8.22% 7.71% 5.02% 7.04% 6.02% 8.86% 7.45% 8.15%
EPS 71.72 - 83.10 - 103.3 56.16 - - 45.24 - 85.97 44.11 - - 31.89 - 75.56 57.01 - -
Dividend per Share 11.00 - 15.00 - 19.50 - - - - - 20.50 - - - - - 29.00 - - -
Announcement Date 11/8/19 5/14/20 11/6/20 5/14/21 11/5/21 2/4/22 5/13/22 5/13/22 8/5/22 11/11/22 11/11/22 2/10/23 5/12/23 5/12/23 8/4/23 11/10/23 11/10/23 2/9/24 - -
1JPY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position 13,362 16,272 19,406 16,426 18,370 - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 3,175 2,734 4,097 - 3,219 3,299 3,565 3,685
ROE (net income / shareholders' equity) 19.4% 17.5% 16.6% 17.8% 13.4% - - -
ROA (Net income/ Total Assets) 22.6% 19.8% 18.3% 19.8% 16% - - -
Assets 1 12,918 15,695 18,562 21,024 22,078 - - -
Book Value Per Share 820.0 974.0 1,105 1,272 1,406 - - -
Cash Flow per Share 157.0 168.0 184.0 222.0 191.0 - - -
Capex 1 125 309 105 6,354 334 300 300 300
Capex / Sales 0.3% 0.72% 0.24% 13.56% 0.7% 0.6% 0.58% 0.56%
Announcement Date 5/10/19 5/14/20 5/14/21 5/13/22 5/12/23 - - -
1JPY in Million
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
2,226 JPY
Average target price
3,300 JPY
Spread / Average Target
+48.25%
Consensus
  1. Stock Market
  2. Equities
  3. 2475 Stock
  4. Financials WDB Holdings Co., Ltd.