WOWOW INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,099 JPY | +0.09% |
|
+0.73% | +2.90% |
| 2023 | Paramount Global to Introduce Paramount+ in Japan in December | MT |
| 2023 | Wowow Inc. Provides Dividend Guidance for the Year 2024 | CI |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 90,285 | 80,002 | 64,779 | 76,033 | 45,994 | 35,217 |
| Enterprise Value (EV) 1 | 64,914 | 54,430 | 35,076 | 50,141 | 15,252 | 6,534 |
| P/E ratio | 12.3 x | 15.4 x | 12.8 x | 25.8 x | 10.4 x | 15 x |
| Yield | 2.39% | 2.7% | 3.33% | 2.84% | 3.12% | 3.99% |
| Capitalization / Revenue | 1.11 x | 0.97 x | 0.79 x | 0.96 x | 0.58 x | 0.46 x |
| EV / Revenue | 0.8 x | 0.66 x | 0.43 x | 0.63 x | 0.19 x | 0.08 x |
| EV / EBITDA | 5 x | 5.69 x | 3.11 x | 5.11 x | 1.74 x | 0.94 x |
| EV / FCF | 12.9 x | 15.6 x | 6.8 x | -70.5 x | 5.58 x | 6.06 x |
| FCF Yield | 7.75% | 6.4% | 14.7% | -1.42% | 17.9% | 16.5% |
| Price to Book | 1.64 x | 1.38 x | 1.07 x | 1.23 x | 0.69 x | 0.53 x |
| Nbr of stocks (in thousands) | 26,991 | 26,991 | 26,991 | 27,039 | 28,657 | 28,106 |
| Reference price 2 | 3,345 | 2,964 | 2,400 | 2,812 | 1,605 | 1,253 |
| Announcement Date | 6/22/18 | 6/21/19 | 6/24/20 | 6/23/21 | 6/23/22 | 6/22/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 81,574 | 82,623 | 82,450 | 79,165 | 79,657 | 77,101 |
| EBITDA 1 | 12,988 | 9,560 | 11,281 | 9,818 | 8,769 | 6,948 |
| EBIT 1 | 9,876 | 6,780 | 8,489 | 6,437 | 5,269 | 3,226 |
| Operating Margin | 12.11% | 8.21% | 10.3% | 8.13% | 6.61% | 4.18% |
| Earnings before Tax (EBT) 1 | 10,630 | 7,466 | 7,996 | 4,552 | 5,391 | 3,479 |
| Net income 1 | 7,360 | 5,182 | 5,072 | 2,942 | 4,239 | 2,398 |
| Net margin | 9.02% | 6.27% | 6.15% | 3.72% | 5.32% | 3.11% |
| EPS 2 | 272.7 | 192.0 | 187.9 | 108.9 | 154.0 | 83.74 |
| Free Cash Flow 1 | 5,032 | 3,484 | 5,155 | -710.9 | 2,733 | 1,078 |
| FCF margin | 6.17% | 4.22% | 6.25% | -0.9% | 3.43% | 1.4% |
| FCF Conversion (EBITDA) | 38.74% | 36.45% | 45.69% | - | 31.17% | 15.52% |
| FCF Conversion (Net income) | 68.36% | 67.24% | 101.63% | - | 64.48% | 44.96% |
| Dividend per Share 2 | 80.00 | 80.00 | 80.00 | 80.00 | 50.00 | 50.00 |
| Announcement Date | 6/22/18 | 6/21/19 | 6/24/20 | 6/23/21 | 6/23/22 | 6/22/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2024 Q1 | 2024 S1 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 41,070 | 39,376 | 20,217 | 40,185 | 19,436 | 20,036 | 19,337 | 38,463 | 19,170 | 18,314 | 36,614 | 18,720 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 4,589 | 7,735 | 1,955 | 1,537 | 3,153 | 578 | 1,297 | 2,131 | 2,000 | 531 | 1,039 | 1,385 |
| Operating Margin | 11.17% | 19.64% | 9.67% | 3.82% | 16.22% | 2.88% | 6.71% | 5.54% | 10.43% | 2.9% | 2.84% | 7.4% |
| Earnings before Tax (EBT) 1 | 4,953 | 8,089 | - | 1,780 | 3,167 | - | 1,111 | 2,063 | 2,110 | 661 | 1,281 | 1,516 |
| Net income 1 | 3,460 | 5,663 | 1,484 | 1,299 | 2,221 | 719 | 773 | 1,333 | 1,474 | 451 | 720 | 1,037 |
| Net margin | 8.42% | 14.38% | 7.34% | 3.23% | 11.43% | 3.59% | 4% | 3.47% | 7.69% | 2.46% | 1.97% | 5.54% |
| EPS 2 | 128.2 | 209.7 | - | 48.04 | 81.55 | - | 27.00 | 46.50 | 51.38 | 16.08 | 25.61 | 36.84 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/31/19 | 10/30/20 | 10/29/21 | 10/29/21 | 1/31/22 | 5/13/22 | 7/29/22 | 10/31/22 | 1/31/23 | 7/28/23 | 10/31/23 | 1/31/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 25,371 | 25,572 | 29,703 | 25,892 | 30,742 | 28,683 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 5,032 | 3,485 | 5,155 | -711 | 2,733 | 1,078 |
| ROE (net income / shareholders' equity) | 14.1% | 9.17% | 8.55% | 4.81% | 6.59% | 3.58% |
| ROA (Net income/ Total Assets) | 7.32% | 4.72% | 5.81% | 4.45% | 3.46% | 2.05% |
| Assets 1 | 100,486 | 109,839 | 87,271 | 66,041 | 122,447 | 116,976 |
| Book Value Per Share 2 | 2,037 | 2,150 | 2,243 | 2,284 | 2,336 | 2,378 |
| Cash Flow per Share 2 | 495.0 | 947.0 | 1,100 | 958.0 | 1,073 | 1,021 |
| Capex 1 | 2,277 | 2,105 | 2,315 | 5,660 | 2,319 | 1,307 |
| Capex / Sales | 2.79% | 2.55% | 2.81% | 7.15% | 2.91% | 1.7% |
| Announcement Date | 6/22/18 | 6/21/19 | 6/24/20 | 6/23/21 | 6/23/22 | 6/22/23 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +2.90% | 197M | |
| +22.36% | 204B | |
| +11.41% | 16.21B | |
| -17.14% | 7.97B | |
| -14.42% | 7.87B | |
| -.--% | 4.7B | |
| +34.91% | 4.26B | |
| +10.94% | 3.51B | |
| -0.62% | 3.38B | |
| +48.65% | 2.72B |
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