Financials Fujita Kanko Inc.

Equities

9722

JP3816800001

Hotels, Motels & Cruise Lines

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-04-26 am EDT			5-day change	1st Jan Change
6,550 ^JPY	+0.46%		-2.67%	+11.02%

2023	Fujita Kanko Inc. Announces That Hakone Kowakien Hotel Opened in Hakone, Famous Hot Springs Destination Surrounded by Lake Ashinoko and Mount Fuji	CI
2023	Fujita Kanko Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	33,864	17,073	29,617	35,909	70,713	78,504	-	-
Enterprise Value (EV) ¹	74,907	78,146	49,203	61,501	97,028	78,504	78,504	78,504
P/E ratio	-119 x	-0.76 x	2.34 x	-6.2 x	8.71 x	13.1 x	16.4 x	15.1 x
Yield	1.06%	-	-	-	-	0.46%	0.46%	0.46%
Capitalization / Revenue	0.49 x	0.64 x	1.04 x	0.82 x	1.1 x	1.12 x	1.1 x	1.08 x
EV / Revenue	0.49 x	0.64 x	1.04 x	0.82 x	1.1 x	1.12 x	1.1 x	1.08 x
EV / EBITDA	6.45 x	-1.08 x	-2.55 x	-82.5 x	-	7.38 x	6.98 x	6.52 x
EV / FCF	35.3 x	-0.81 x	1.11 x	-6.56 x	-	12.7 x	19 x	18.6 x
FCF Yield	2.83%	-123%	89.8%	-15.3%	-	7.86%	5.25%	5.39%
Price to Book	1.29 x	14.4 x	2.19 x	5.11 x	4.54 x	3.66 x	3.08 x	2.62 x
Nbr of stocks (in thousands)	11,987	11,981	11,986	11,986	11,985	11,985	-	-
Reference price ²	2,825	1,425	2,471	2,996	5,900	6,550	6,550	6,550
Announcement Date	2/14/20	2/12/21	2/10/22	2/14/23	2/14/24	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	68,960	26,648	28,433	43,749	64,547	69,800	71,400	73,000
EBITDA ¹	5,254	-15,818	-11,621	-435	-	10,640	11,240	12,040
EBIT ¹	280	-20,611	-15,822	-4,048	6,636	6,700	7,200	7,800
Operating Margin	0.41%	-77.35%	-55.65%	-9.25%	10.28%	9.6%	10.08%	10.68%
Earnings before Tax (EBT) ¹	-521	-23,173	17,158	-6,362	6,685	6,500	7,000	7,600
Net income ¹	-285	-22,427	12,675	-5,789	8,114	6,000	4,800	5,200
Net margin	-0.41%	-84.16%	44.58%	-13.23%	12.57%	8.6%	6.72%	7.12%
EPS ²	-23.82	-1,872	1,058	-483.0	677.0	500.6	400.5	433.9
Free Cash Flow ¹	958	-21,053	26,588	-5,477	-	6,173	4,121	4,232
FCF margin	1.39%	-79%	93.51%	-12.52%	-	8.84%	5.77%	5.8%
FCF Conversion (EBITDA)	18.23%	-	-	-	-	58.02%	36.66%	35.15%
FCF Conversion (Net income)	-	-	209.77%	-	-	102.88%	85.85%	81.38%
Dividend per Share ²	30.00	-	-	-	-	30.00	30.00	30.00
Announcement Date	2/14/20	2/12/21	2/10/22	2/14/23	2/14/24	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2020 S1	2021 S1	2021 Q3	2021 S2	2022 Q1	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 Q3	2024 Q4
Net sales ¹	12,615	11,928	7,293	16,505	7,959	10,349	18,308	11,029	14,412	-	13,163	15,999	29,162	16,394	-	-	15,750	17,450	17,450	19,150
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-10,156	-10,056	-3,114	-5,766	-2,214	-1,590	-3,804	-572	328	-244	53	1,859	1,912	1,803	2,921	4,724	900	1,500	1,800	2,500
Operating Margin	-80.51%	-84.31%	-42.7%	-34.93%	-27.82%	-15.36%	-20.78%	-5.19%	2.28%	-	0.4%	11.62%	6.56%	11%	-	-	5.71%	8.6%	10.32%	13.05%
Earnings before Tax (EBT) ¹	-13,258	22,884	-3,138	-5,726	-1,374	-1,226	-2,600	-554	-3,208	-	662	2,430	3,092	1,568	-	-	750	1,600	1,700	2,450
Net income ¹	-13,397	19,400	-1,045	-6,725	-1,316	-1,242	-2,558	-562	-2,669	-	653	2,420	3,073	1,557	-	-	650	1,500	1,600	2,250
Net margin	-106.2%	162.64%	-14.33%	-40.75%	-16.53%	-12%	-13.97%	-5.1%	-18.52%	-	4.96%	15.13%	10.54%	9.5%	-	-	4.13%	8.6%	9.17%	11.75%
EPS ²	-1,118	1,619	-87.70	-	-109.8	-103.7	-213.5	-46.88	-222.7	-	54.50	201.9	256.4	130.0	290.7	-	54.20	125.2	133.5	187.7
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	8/7/20	8/12/21	11/9/21	2/10/22	5/12/22	8/9/22	8/9/22	11/8/22	2/14/23	2/14/23	5/11/23	8/10/23	8/10/23	11/9/23	2/14/24	2/14/24	-	-	-	-

¹JPY in Million²JPY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	41,043	61,073	19,586	25,592	26,315	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	7.812 x	-3.861 x	-1.685 x	-58.83 x	-	-	-	-
Free Cash Flow ¹	958	-21,053	26,588	-5,477	-	6,173	4,121	4,232
ROE (net income / shareholders' equity)	-1.1%	-163%	85%	-22.6%	33.4%	20.9%	14.3%	13.8%
ROA (Net income/ Total Assets)	0.39%	-20.9%	-15.8%	-4.19%	7.32%	7.1%	7.5%	15.6%
Assets ¹	-72,961	107,081	-80,208	138,025	110,840	84,507	64,000	33,333
Book Value Per Share ²	2,192	98.70	1,126	586.0	1,299	1,792	2,129	2,499
Cash Flow per Share	388.0	-1,475	1,395	-182.0	980.0	-	-	-
Capex ¹	3,988	3,984	1,747	7,032	5,683	3,400	4,400	6,400
Capex / Sales	5.78%	14.95%	6.14%	16.07%	8.8%	4.87%	6.16%	8.77%
Announcement Date	2/14/20	2/12/21	2/10/22	2/14/23	2/14/24	-	-	-

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 Fujita Kanko Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

6,550 JPY

Average target price

6,170 JPY

Spread / Average Target

-5.80%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Hotels & Motels

	1st Jan change	Capi.
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CHALET HOTELS LIMITED	+26.90%	2.31B
MANDARIN ORIENTAL INTERNATIONAL LIMITED	+10.26%	2.17B

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