Financials Core Corporation

Equities

2359

JP3284000001

IT Services & Consulting

Market Closed - Japan Exchange 02:00:00 2024-04-26 am EDT 5-day change 1st Jan Change
1,858 JPY +0.22% Intraday chart for Core Corporation +2.48% +5.81%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 19,137 16,427 16,752 21,450 22,656 22,935
Enterprise Value (EV) 1 20,204 17,127 16,793 19,758 20,093 19,321
P/E ratio 20.7 x 13.2 x 14.3 x 15.1 x 14 x 11.6 x
Yield 1.47% 1.72% 2.28% 1.99% 2.2% 2.49%
Capitalization / Revenue 0.93 x 0.8 x 0.8 x 1.03 x 1.04 x 1 x
EV / Revenue 0.98 x 0.84 x 0.8 x 0.95 x 0.92 x 0.85 x
EV / EBITDA 11.8 x 8.6 x 7.72 x 8.44 x 7.65 x 6.5 x
EV / FCF 20.8 x 15.7 x 22.1 x 11.1 x 16.5 x 13.1 x
FCF Yield 4.81% 6.39% 4.53% 9.04% 6.06% 7.66%
Price to Book 2.05 x 1.61 x 1.51 x 1.74 x 1.67 x 1.51 x
Nbr of stocks (in thousands) 14,092 14,125 14,125 14,196 14,249 14,290
Reference price 2 1,358 1,163 1,186 1,511 1,590 1,605
Announcement Date 6/22/18 6/21/19 6/25/20 6/24/21 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 20,609 20,464 20,997 20,785 21,798 22,848
EBITDA 1 1,716 1,992 2,175 2,340 2,625 2,974
EBIT 1 1,304 1,616 1,801 2,032 2,368 2,744
Operating Margin 6.33% 7.9% 8.58% 9.78% 10.86% 12.01%
Earnings before Tax (EBT) 1 1,401 1,607 1,737 2,070 2,364 2,795
Net income 1 922 1,248 1,172 1,423 1,622 1,968
Net margin 4.47% 6.1% 5.58% 6.85% 7.44% 8.61%
EPS 2 65.47 87.85 82.76 100.3 113.9 137.8
Free Cash Flow 1 971.9 1,094 761 1,787 1,218 1,479
FCF margin 4.72% 5.34% 3.62% 8.6% 5.59% 6.47%
FCF Conversion (EBITDA) 56.64% 54.91% 34.99% 76.35% 46.42% 49.74%
FCF Conversion (Net income) 105.41% 87.64% 64.93% 125.55% 75.12% 75.16%
Dividend per Share 2 20.00 20.00 27.00 30.00 35.00 40.00
Announcement Date 6/22/18 6/21/19 6/25/20 6/24/21 6/23/22 6/22/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2021 S1 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3 2024 Q1 2024 S1 2024 Q3
Net sales 1 9,494 9,390 10,439 5,679 - 10,724 5,873 5,447 11,199 6,131
EBITDA - - - - - - - - - -
EBIT 1 637 709 1,031 740 487 1,171 862 515 1,302 918
Operating Margin 6.71% 7.55% 9.88% 13.03% - 10.92% 14.68% 9.45% 11.63% 14.97%
Earnings before Tax (EBT) 1 644 758 1,097 749 498 1,192 870 553 1,342 931
Net income 1 437 522 744 512 338 814 593 377 932 641
Net margin 4.6% 5.56% 7.13% 9.02% - 7.59% 10.1% 6.92% 8.32% 10.46%
EPS 2 30.93 36.86 52.38 35.95 23.73 57.15 41.49 26.44 65.19 44.75
Dividend per Share - - - - - - - - 5.000 -
Announcement Date 10/28/19 10/27/20 10/27/21 1/28/22 7/27/22 10/27/22 1/30/23 7/28/23 10/30/23 1/30/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 1,067 700 41 - - -
Net Cash position 1 - - - 1,692 2,563 3,614
Leverage (Debt/EBITDA) 0.6218 x 0.3514 x 0.0189 x - - -
Free Cash Flow 1 972 1,094 761 1,787 1,219 1,479
ROE (net income / shareholders' equity) 10.5% 12.9% 11.1% 12.3% 12.5% 13.8%
ROA (Net income/ Total Assets) 4.99% 5.95% 6.33% 6.93% 7.71% 8.23%
Assets 1 18,480 20,961 18,514 20,548 21,040 23,916
Book Value Per Share 2 661.0 723.0 787.0 866.0 954.0 1,060
Cash Flow per Share 2 148.0 186.0 175.0 256.0 330.0 391.0
Capex 1 156 108 166 94 73 86
Capex / Sales 0.76% 0.53% 0.79% 0.45% 0.33% 0.38%
Announcement Date 6/22/18 6/21/19 6/25/20 6/24/21 6/23/22 6/22/23
1JPY in Million2JPY
Estimates
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