Financials YONEX Co., Ltd.

Equities

7906

JP3960000002

Recreational Products

Market Closed - Japan Exchange 02:00:00 2024-04-26 am EDT 5-day change 1st Jan Change
1,232 JPY -1.36% Intraday chart for YONEX Co., Ltd. +1.65% -7.92%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 58,845 43,063 55,165 89,743 124,975 106,592 - -
Enterprise Value (EV) 1 51,459 35,236 44,472 73,777 113,201 92,892 89,292 84,892
P/E ratio 34.1 x 26 x 50 x 15.6 x 17.1 x 14.4 x 13.2 x 12 x
Yield 0.74% 1.02% 0.71% 0.97% 0.91% 1.14% 1.27% 1.41%
Capitalization / Revenue 0.96 x 0.69 x 1.07 x 1.2 x 1.17 x 0.92 x 0.86 x 0.81 x
EV / Revenue 0.84 x 0.57 x 0.86 x 0.99 x 1.06 x 0.81 x 0.72 x 0.64 x
EV / EBITDA 13.3 x 8.8 x 17.3 x 8.84 x 9.4 x 7.39 x 6.63 x 5.92 x
EV / FCF 150 x 66.4 x 20.7 x 14.3 x -77.1 x 246 x 21.6 x 17.2 x
FCF Yield 0.67% 1.51% 4.82% 6.97% -1.3% 0.41% 4.63% 5.8%
Price to Book 1.57 x 1.11 x 1.39 x 1.97 x 2.36 x 1.82 x 1.65 x 1.49 x
Nbr of stocks (in thousands) 87,437 87,527 87,564 87,214 87,151 86,520 - -
Reference price 2 673.0 492.0 630.0 1,029 1,434 1,232 1,232 1,232
Announcement Date 5/9/19 5/20/20 5/12/21 5/11/22 5/11/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 61,097 61,967 51,554 74,485 107,019 115,279 123,323 131,808
EBITDA 1 3,867 4,006 2,569 8,342 12,039 12,573 13,467 14,351
EBIT 1 2,482 2,421 1,032 6,738 10,063 10,348 11,341 12,361
Operating Margin 4.06% 3.91% 2% 9.05% 9.4% 8.98% 9.2% 9.38%
Earnings before Tax (EBT) 1 2,572 2,454 2,108 7,821 10,323 10,420 10,850 11,350
Net income 1 1,722 1,652 1,102 5,780 7,331 7,456 8,150 8,898
Net margin 2.82% 2.67% 2.14% 7.76% 6.85% 6.47% 6.61% 6.75%
EPS 2 19.71 18.89 12.59 66.11 84.05 85.77 93.60 102.3
Free Cash Flow 1 343 531 2,144 5,144 -1,469 378 4,138 4,922
FCF margin 0.56% 0.86% 4.16% 6.91% -1.37% 0.33% 3.36% 3.73%
FCF Conversion (EBITDA) 8.87% 13.26% 83.45% 61.67% - 3.01% 30.73% 34.3%
FCF Conversion (Net income) 19.92% 32.14% 194.59% 89.01% - 5.07% 50.78% 55.31%
Dividend per Share 2 5.000 5.000 4.500 10.00 13.00 14.00 15.67 17.33
Announcement Date 5/9/19 5/20/20 5/12/21 5/11/22 5/11/23 - - -
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
Net sales 1 31,820 30,147 22,093 29,461 18,610 34,788 19,187 20,510 39,697 23,694 26,398 50,092 29,540 27,387 56,927 27,992 29,733 57,725 27,447 28,407
EBITDA - - - - - - - - - - - - - - - - - - - -
EBIT 1 1,711 710 -215 1,247 2,875 4,189 1,789 760 2,549 3,422 3,694 7,116 2,201 746 2,947 2,774 2,838 5,612 2,592 1,984
Operating Margin 5.38% 2.36% -0.97% 4.23% 15.45% 12.04% 9.32% 3.71% 6.42% 14.44% 13.99% 14.21% 7.45% 2.72% 5.18% 9.91% 9.54% 9.72% 9.44% 6.99%
Earnings before Tax (EBT) 1,709 745 431 - 3,117 4,475 2,264 1,082 3,346 4,171 3,947 8,118 1,364 841 2,205 3,245 - 6,220 2,872 -
Net income 1 1,169 483 -73 1,175 2,397 3,344 1,737 699 2,436 3,025 2,570 5,595 1,108 628 1,736 2,424 1,972 4,396 1,883 1,118
Net margin 3.67% 1.6% -0.33% 3.99% 12.88% 9.61% 9.05% 3.41% 6.14% 12.77% 9.74% 11.17% 3.75% 2.29% 3.05% 8.66% 6.63% 7.62% 6.86% 3.94%
EPS 13.37 - -0.8400 - - 38.19 19.89 - - 34.68 - 64.11 12.72 - - 27.82 - 50.43 22.20 -
Dividend per Share 2.500 - 2.000 - - 5.000 - - - - - 6.000 - - - - - 7.000 - -
Announcement Date 11/7/19 5/20/20 11/10/20 5/12/21 11/9/21 11/9/21 2/8/22 5/11/22 5/11/22 8/9/22 11/9/22 11/9/22 2/8/23 5/11/23 5/11/23 8/9/23 11/9/23 11/9/23 2/8/24 -
1JPY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 7,386 7,827 10,693 15,966 11,774 13,700 17,300 21,700
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 343 531 2,144 5,144 -1,469 378 4,138 4,922
ROE (net income / shareholders' equity) 4.6% 4.3% 2.8% 13.6% 14.9% 12.3% - 12.8%
ROA (Net income/ Total Assets) 4.59% 4.18% 3.34% 11.9% 13.7% 8.8% 8.9% 8.7%
Assets 1 37,491 39,523 32,998 48,407 53,623 84,723 91,569 102,280
Book Value Per Share 2 428.0 443.0 453.0 523.0 607.0 678.0 748.0 828.0
Cash Flow per Share 36.70 37.90 31.10 85.30 108.0 - - -
Capex 1 1,940 2,436 919 2,226 6,839 3,900 4,000 3,500
Capex / Sales 3.18% 3.93% 1.78% 2.99% 6.39% 3.38% 3.24% 2.66%
Announcement Date 5/9/19 5/20/20 5/12/21 5/11/22 5/11/23 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
1,232 JPY
Average target price
1,675 JPY
Spread / Average Target
+35.96%
Consensus
  1. Stock Market
  2. Equities
  3. 7906 Stock
  4. Financials YONEX Co., Ltd.