KOMEDA HOLDINGS CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,576 JPY | +0.12% |
|
-0.81% | -6.16% |
| Apr. 11 | Japanese Shares Tumble After Hotter-than-Expected US Inflation | MT |
| Apr. 11 | Komeda's Attributable Net Income Jumps 10% in Fiscal Year Ended February | MT |
Valuation
| Fiscal Period: February | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 96,656 | 84,171 | 87,699 | 97,496 | 108,586 | 118,052 | - | - |
| Enterprise Value (EV) 1 | 110,340 | 126,020 | 126,227 | 137,914 | 147,465 | 125,055 | 148,464 | 143,289 |
| P/E ratio | 18.8 x | 15.6 x | 24.4 x | 19.7 x | 20 x | 21 x | 18.2 x | 16.9 x |
| Yield | 2.35% | 2.79% | 2.05% | 2.41% | 2.21% | 1.94% | 2.1% | 2.36% |
| Capitalization / Revenue | 3.19 x | 2.7 x | 3.04 x | 2.93 x | 2.87 x | 2.89 x | 2.54 x | 2.36 x |
| EV / Revenue | 3.64 x | 4.04 x | 4.38 x | 4.14 x | 3.9 x | 2.89 x | 3.2 x | 2.87 x |
| EV / EBITDA | 13.5 x | 14 x | 18.2 x | 15.5 x | 15.3 x | 12.1 x | 13.2 x | 11.8 x |
| EV / FCF | 30.2 x | 15.7 x | -105 x | 7.72 x | 16.4 x | 26.9 x | 18.3 x | 18.9 x |
| FCF Yield | 3.31% | 6.39% | -0.95% | 13% | 6.09% | 3.72% | 5.46% | 5.3% |
| Price to Book | 3.29 x | 2.54 x | 2.52 x | 2.6 x | 2.68 x | 2.9 x | 2.5 x | 2.3 x |
| Nbr of stocks (in thousands) | 45,378 | 46,045 | 46,109 | 46,141 | 46,148 | 45,828 | - | - |
| Reference price 2 | 2,130 | 1,828 | 1,902 | 2,113 | 2,353 | 2,576 | 2,576 | 2,576 |
| Announcement Date | 4/10/19 | 4/10/20 | 4/14/21 | 4/13/22 | 4/12/23 | 4/10/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: February | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 30,335 | 31,219 | 28,836 | 33,317 | 37,836 | 43,236 | 46,392 | 50,008 |
| EBITDA 1 | 8,189 | 8,992 | 6,940 | 8,922 | 9,633 | 10,300 | 11,242 | 12,110 |
| EBIT 1 | 7,568 | 7,878 | 5,511 | 7,305 | 8,024 | 8,717 | 9,490 | 10,267 |
| Operating Margin | 24.95% | 25.23% | 19.11% | 21.93% | 21.21% | 20.16% | 20.46% | 20.53% |
| Earnings before Tax (EBT) 1 | 7,461 | 7,775 | 5,391 | 7,179 | 8,001 | 8,685 | 9,458 | 10,215 |
| Net income 1 | 5,117 | 5,376 | 3,590 | 4,934 | 5,424 | 5,972 | 6,453 | 6,967 |
| Net margin | 16.87% | 17.22% | 12.45% | 14.81% | 14.34% | 13.81% | 13.91% | 13.93% |
| EPS 2 | 113.4 | 117.3 | 77.89 | 107.0 | 117.6 | 130.1 | 141.5 | 152.8 |
| Free Cash Flow 1 | 3,653 | 8,048 | -1,197 | 17,860 | 8,988 | 5,710 | 8,101 | 7,600 |
| FCF margin | 12.04% | 25.78% | -4.15% | 53.61% | 23.76% | 13.29% | 17.46% | 15.2% |
| FCF Conversion (EBITDA) | 44.61% | 89.51% | - | 200.18% | 93.3% | 53.44% | 72.06% | 62.76% |
| FCF Conversion (Net income) | 71.39% | 149.72% | - | 361.98% | 165.71% | 95.25% | 125.55% | 109.09% |
| Dividend per Share 2 | 50.00 | 51.00 | 39.00 | 51.00 | 52.00 | 53.00 | 54.00 | 60.80 |
| Announcement Date | 4/10/19 | 4/10/20 | 4/14/21 | 4/13/22 | 4/12/23 | 4/10/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: February | 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 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 15,328 | 15,891 | 13,479 | 15,357 | 8,164 | 16,385 | 8,267 | 8,665 | 16,932 | 8,959 | 9,152 | 18,111 | 9,438 | 10,287 | 19,725 | 10,454 | 10,830 | 21,284 | 10,836 | 11,116 | 21,600 | 11,067 | 11,400 | 22,250 | 11,367 | 12,167 | 24,400 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 3,932 | 3,946 | 2,404 | 3,107 | 1,794 | 3,799 | 2,048 | 1,458 | 3,506 | 1,861 | 1,895 | 3,756 | 2,056 | 2,212 | 4,268 | 2,256 | 2,066 | 4,322 | 2,297 | 2,098 | 4,300 | 2,297 | 2,267 | 4,445 | 2,523 | 2,397 | 5,200 |
| Operating Margin | 25.65% | 24.83% | 17.84% | 20.23% | 21.97% | 23.19% | 24.77% | 16.83% | 20.71% | 20.77% | 20.71% | 20.74% | 21.78% | 21.5% | 21.64% | 21.58% | 19.08% | 20.31% | 21.2% | 18.87% | 19.91% | 20.75% | 19.88% | 19.98% | 22.2% | 19.7% | 21.31% |
| Earnings before Tax (EBT) 1 | 3,874 | - | 2,340 | 3,051 | 1,771 | 3,759 | 2,045 | 1,375 | 3,420 | 1,911 | 1,896 | 3,807 | 2,029 | 2,165 | - | 2,246 | 2,042 | 4,288 | 2,311 | 2,086 | - | 2,290 | 2,400 | 4,690 | 2,370 | 2,360 | - |
| Net income 1 | 2,658 | 2,717 | 1,600 | 1,990 | 1,209 | 2,556 | 1,387 | 991 | 2,378 | 1,296 | 1,289 | 2,585 | 1,388 | 1,451 | - | 1,528 | 1,390 | 2,918 | 1,574 | 1,480 | - | 1,545 | 1,530 | 3,050 | 1,620 | 1,660 | - |
| Net margin | 17.34% | 17.1% | 11.87% | 12.96% | 14.81% | 15.6% | 16.78% | 11.44% | 14.04% | 14.47% | 14.08% | 14.27% | 14.71% | 14.11% | - | 14.62% | 12.83% | 13.71% | 14.53% | 13.31% | - | 13.96% | 13.42% | 13.71% | 14.25% | 13.64% | - |
| EPS | 58.25 | - | 34.71 | - | - | 55.47 | 30.07 | - | - | 28.11 | - | 56.06 | 29.64 | - | - | 33.14 | - | 63.49 | 34.34 | - | - | - | - | - | - | - | - |
| Dividend per Share | 25.00 | - | 18.00 | - | - | 25.00 | - | - | - | - | - | 26.00 | - | - | - | - | - | 26.00 | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/9/19 | 4/10/20 | 10/14/20 | 4/14/21 | 10/13/21 | 10/13/21 | 1/12/22 | 4/13/22 | 4/13/22 | 7/13/22 | 10/12/22 | 10/12/22 | 1/13/23 | 4/12/23 | 4/12/23 | 7/12/23 | 10/11/23 | 10/11/23 | 1/12/24 | 4/10/24 | - | - | - | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: February | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 13,685 | 41,849 | 38,528 | 40,418 | 38,879 | 35,325 | 30,412 | 25,237 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.671 x | 4.654 x | 5.552 x | 4.53 x | 4.036 x | 3.306 x | 2.705 x | 2.084 x |
| Free Cash Flow 1 | 3,653 | 8,048 | -1,197 | 17,860 | 8,988 | 5,711 | 8,101 | 7,600 |
| ROE (net income / shareholders' equity) | 18% | 17.2% | 10.6% | 13.6% | 13.9% | 14.3% | 14.4% | 14.1% |
| ROA (Net income/ Total Assets) | 7.92% | 6.21% | 3.45% | 6.94% | 8.1% | 8.56% | 6.9% | 7.03% |
| Assets 1 | 64,611 | 86,568 | 104,058 | 71,122 | 66,936 | 69,731 | 93,516 | 99,174 |
| Book Value Per Share 2 | 648.0 | 720.0 | 754.0 | 814.0 | 878.0 | 941.0 | 1,029 | 1,121 |
| Cash Flow per Share 2 | 136.0 | 142.0 | 109.0 | 142.0 | 152.0 | 165.0 | 172.0 | 185.0 |
| Capex 1 | 1,428 | 1,270 | 1,382 | 1,286 | 1,269 | 1,250 | 1,048 | 1,045 |
| Capex / Sales | 4.71% | 4.07% | 4.79% | 3.86% | 3.35% | 2.91% | 2.26% | 2.09% |
| Announcement Date | 4/10/19 | 4/10/20 | 4/14/21 | 4/13/22 | 4/12/23 | 4/10/24 | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
2,576
JPY
Average target price
3,100
JPY
Spread / Average Target
+20.34%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -6.16% | 757M | |
| +13.77% | 3.43B | |
| -3.12% | 284M | |
| -8.53% | 148M |
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