RESONAC HOLDING CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,382 JPY | +1.44% |
|
-9.38% | +20.36% |
| Apr. 24 | Tech Sector Galvanizes Asian Stock Markets | MT |
| Apr. 24 | Japanese Shares Lead Asia Rally, Take Cue from Wall Street | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 422,895 | 320,505 | 437,302 | 365,856 | 508,992 | 612,602 | - | - |
| Enterprise Value (EV) 1 | 599,333 | 1,156,920 | 1,031,821 | 1,226,226 | 1,370,035 | 1,371,369 | 1,350,823 | 1,304,673 |
| P/E ratio | 5.79 x | -4.2 x | -31.2 x | 11.9 x | -26.9 x | 28.7 x | 17.5 x | 12.2 x |
| Yield | 4.48% | 2.96% | 2.69% | 3.22% | 2.31% | 1.92% | 2.05% | 2.41% |
| Capitalization / Revenue | 0.47 x | 0.33 x | 0.31 x | 0.26 x | 0.39 x | 0.45 x | 0.43 x | 0.41 x |
| EV / Revenue | 0.66 x | 1.19 x | 0.73 x | 0.88 x | 1.06 x | 1.01 x | 0.94 x | 0.87 x |
| EV / EBITDA | 3.78 x | 23.5 x | 5.09 x | 7.26 x | 13 x | 9.5 x | 7.83 x | 6.54 x |
| EV / FCF | 21.1 x | -5.68 x | 7.17 x | 27.4 x | 62.1 x | 12.8 x | 61.1 x | 24.3 x |
| FCF Yield | 4.73% | -17.6% | 13.9% | 3.64% | 1.61% | 7.83% | 1.64% | 4.11% |
| Price to Book | 0.85 x | 0.79 x | 0.85 x | 0.66 x | 0.92 x | 1.12 x | 1.1 x | 1 x |
| Nbr of stocks (in thousands) | 145,876 | 145,883 | 181,077 | 181,117 | 181,136 | 181,136 | - | - |
| Reference price 2 | 2,899 | 2,197 | 2,415 | 2,020 | 2,810 | 3,382 | 3,382 | 3,382 |
| Announcement Date | 2/13/20 | 2/17/21 | 2/14/22 | 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 | 906,454 | 973,700 | 1,419,635 | 1,392,600 | 1,288,900 | 1,362,394 | 1,439,352 | 1,495,393 |
| EBITDA 1 | 158,502 | 49,194 | 202,644 | 168,900 | 105,700 | 144,340 | 172,540 | 199,550 |
| EBIT 1 | 120,798 | -19,449 | 87,198 | 59,400 | -3,800 | 37,619 | 60,783 | 81,077 |
| Operating Margin | 13.33% | -2% | 6.14% | 4.27% | -0.29% | 2.76% | 4.22% | 5.42% |
| Earnings before Tax (EBT) 1 | 97,883 | -68,260 | 22,926 | 48,600 | -26,200 | 24,848 | 50,930 | 69,936 |
| Net income 1 | 73,088 | -76,304 | -12,094 | 30,800 | -19,000 | 21,625 | 32,000 | 50,367 |
| Net margin | 8.06% | -7.84% | -0.85% | 2.21% | -1.47% | 1.59% | 2.22% | 3.37% |
| EPS 2 | 501.0 | -523.1 | -77.40 | 170.0 | -104.6 | 117.7 | 193.7 | 278.0 |
| Free Cash Flow 1 | 28,338 | -203,725 | 143,889 | 44,682 | 22,053 | 107,325 | 22,105 | 53,600 |
| FCF margin | 3.13% | -20.92% | 10.14% | 3.21% | 1.71% | 7.88% | 1.54% | 3.58% |
| FCF Conversion (EBITDA) | 17.88% | - | 71.01% | 26.45% | 20.86% | 74.36% | 12.81% | 26.86% |
| FCF Conversion (Net income) | 38.77% | - | - | 145.07% | - | 496.3% | 69.08% | 106.42% |
| Dividend per Share 2 | 130.0 | 65.00 | 65.00 | 65.00 | 65.00 | 65.00 | 69.44 | 81.43 |
| Announcement Date | 2/13/20 | 2/17/21 | 2/14/22 | 2/14/23 | 2/14/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q3 | 2021 Q4 | 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 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 430,960 | 326,621 | 647,079 | 693,358 | 358,338 | 367,939 | 726,277 | 308,000 | 348,033 | 656,033 | 378,119 | 358,448 | 736,567 | 298,900 | 317,200 | 616,126 | 326,200 | 346,593 | 672,774 | 331,500 | 352,500 | 668,000 | 364,000 | 372,000 | 717,000 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 35,327 | -25,795 | 6,346 | 47,566 | 24,359 | 15,272 | 39,632 | 15,400 | 21,682 | 37,082 | 16,454 | 5,864 | 22,318 | -9,200 | -4,000 | -13,165 | 8,900 | 509 | 9,365 | -4,300 | 7,200 | 8,000 | 15,700 | 18,650 | 30,500 |
| Operating Margin | 8.2% | -7.9% | 0.98% | 6.86% | 6.8% | 4.15% | 5.46% | 5% | 6.23% | 5.65% | 4.35% | 1.64% | 3.03% | -3.08% | -1.26% | -2.14% | 2.73% | 0.15% | 1.39% | -1.3% | 2.04% | 1.2% | 4.31% | 5.01% | 4.25% |
| Earnings before Tax (EBT) | - | -49,598 | - | -161 | 15,099 | - | - | 17,621 | - | 44,066 | 3,091 | - | - | -14,746 | - | -14,996 | 22,662 | - | - | - | - | - | - | - | - |
| Net income 1 | 7,275 | -54,575 | -21,729 | -13,412 | 3,082 | -1,764 | 1,318 | 8,400 | 23,327 | 31,727 | 7,953 | -8,880 | -927 | -12,300 | -7,600 | -19,817 | 13,400 | -12,633 | 817 | -11,600 | 2,800 | -5,900 | 9,200 | 10,000 | 17,850 |
| Net margin | 1.69% | -16.71% | -3.36% | -1.93% | 0.86% | -0.48% | 0.18% | 2.73% | 6.7% | 4.84% | 2.1% | -2.48% | -0.13% | -4.12% | -2.4% | -3.22% | 4.11% | -3.64% | 0.12% | -3.5% | 0.79% | -0.88% | 2.53% | 2.69% | 2.49% |
| EPS | - | -374.1 | - | -91.93 | 22.15 | - | - | 46.58 | - | 175.2 | - | - | - | -67.71 | - | -109.4 | 74.26 | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | 65.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/13/20 | 8/12/20 | 2/17/21 | 8/10/21 | 11/10/21 | 2/14/22 | 2/14/22 | 5/11/22 | 8/4/22 | 8/4/22 | 11/7/22 | 2/14/23 | 2/14/23 | 5/15/23 | 8/8/23 | 8/8/23 | 11/9/23 | 2/14/24 | 2/14/24 | - | - | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 176,438 | 836,415 | 594,519 | 860,370 | 861,043 | 758,767 | 738,221 | 692,071 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.113 x | 17 x | 2.934 x | 5.094 x | 8.146 x | 5.257 x | 4.279 x | 3.468 x |
| Free Cash Flow 1 | 28,338 | -203,725 | 143,889 | 44,682 | 22,053 | 107,325 | 22,105 | 53,600 |
| ROE (net income / shareholders' equity) | 15.5% | -16.9% | -2.6% | 5.8% | -3.4% | 2.37% | 5.5% | 7.79% |
| ROA (Net income/ Total Assets) | 11.1% | -2.68% | 4% | 2.8% | -0.71% | 1.23% | 2.46% | 3.28% |
| Assets 1 | 659,278 | 2,845,922 | -302,555 | 1,100,601 | 2,657,380 | 1,765,306 | 1,302,136 | 1,534,400 |
| Book Value Per Share 2 | 3,423 | 2,783 | 2,839 | 3,038 | 3,052 | 3,023 | 3,083 | 3,368 |
| Cash Flow per Share 2 | 760.0 | -52.50 | 548.0 | 682.0 | 406.0 | 522.0 | 789.0 | 1,012 |
| Capex 1 | 50,216 | 313,011 | 78,600 | 107,074 | 96,633 | 123,583 | 119,967 | 120,958 |
| Capex / Sales | 5.54% | 32.15% | 5.54% | 7.69% | 7.5% | 9.07% | 8.33% | 8.09% |
| Announcement Date | 2/13/20 | 2/17/21 | 2/14/22 | 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
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
3,382
JPY
Average target price
3,927
JPY
Spread / Average Target
+16.10%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +20.36% | 3.89B | |
| +5.14% | 103B | |
| -5.63% | 63.04B | |
| +39.52% | 39.06B | |
| +12.91% | 37.58B | |
| +7.41% | 33.24B | |
| +6.85% | 19.22B | |
| +12.86% | 16.83B | |
| +16.93% | 14.96B | |
| +7.73% | 15.03B |
- Stock Market
- Equities
- 4004 Stock
- Financials Resonac Holding Corporation
