Financials Restar Corporation

Equities

3156

JP3944360001

Semiconductors

Market Closed - Japan Exchange 02:00:00 2024-05-02 am EDT 5-day change 1st Jan Change
2,919 JPY -0.95% Intraday chart for Restar Corporation -0.10% +3.51%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 32,130 45,524 61,340 59,445 65,068 87,769 - -
Enterprise Value (EV) 1 47,030 90,357 75,912 119,291 138,846 87,769 87,769 87,769
P/E ratio 14.7 x 7.95 x 15.1 x 9.98 x 9.18 x 10.1 x 10 x 8.42 x
Yield 4.89% 5.28% 4.17% 5.06% 5.31% 3.68% 5% 5.94%
Capitalization / Revenue 0.16 x 0.12 x 0.19 x 0.15 x 0.13 x 0.17 x 0.17 x 0.16 x
EV / Revenue 0.16 x 0.12 x 0.19 x 0.15 x 0.13 x 0.17 x 0.17 x 0.16 x
EV / EBITDA - - - 5.48 x 3.51 x 4.6 x 4.13 x 3.71 x
EV / FCF 3.54 x -3.12 x 3.82 x -1.56 x -11 x 9.5 x 10.1 x 8.68 x
FCF Yield 28.3% -32% 26.2% -64.1% -9.08% 10.5% 9.91% 11.5%
Price to Book 0.84 x 0.65 x 0.84 x 0.77 x 0.81 x - - -
Nbr of stocks (in thousands) 15,696 30,069 30,069 30,068 30,068 30,068 - -
Reference price 2 2,047 1,514 2,040 1,977 2,164 2,919 2,919 2,919
Announcement Date 5/13/19 5/13/20 5/12/21 5/11/22 5/12/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 205,771 379,548 323,815 399,590 487,129 506,390 521,480 533,560
EBITDA 1 - - - 10,846 18,534 19,080 21,250 23,630
EBIT 1 4,508 6,637 6,238 7,588 14,423 14,000 16,040 18,300
Operating Margin 2.19% 1.75% 1.93% 1.9% 2.96% 2.76% 3.08% 3.43%
Earnings before Tax (EBT) 1 2,946 8,018 4,334 8,536 10,425 14,300 14,030 16,480
Net income 1 2,192 5,722 4,054 5,957 7,085 8,710 8,770 10,420
Net margin 1.07% 1.51% 1.25% 1.49% 1.45% 1.72% 1.68% 1.95%
EPS 2 139.7 190.3 134.8 198.1 235.6 289.7 291.7 346.6
Free Cash Flow 1 9,079 -14,590 16,077 -38,112 -5,909 9,240 8,700 10,110
FCF margin 4.41% -3.84% 4.96% -9.54% -1.21% 1.82% 1.67% 1.89%
FCF Conversion (EBITDA) - - - - - 48.43% 40.94% 42.78%
FCF Conversion (Net income) 414.19% - 396.57% - - 106.08% 99.2% 97.02%
Dividend per Share 2 100.0 80.00 85.00 100.0 115.0 107.5 145.9 173.3
Announcement Date 5/13/19 5/13/20 5/12/21 5/11/22 5/12/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2021 S1 2021 S2 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3 2024 Q1 2024 S1 2024 Q3
Net sales 1 202,984 147,320 176,495 192,616 103,644 112,552 239,795 128,135 119,563 245,264 129,618
EBITDA - - - - - - - - - - -
EBIT 1 3,484 3,012 3,226 3,417 2,645 4,067 8,450 4,526 2,755 7,098 4,218
Operating Margin 1.72% 2.04% 1.83% 1.77% 2.55% 3.61% 3.52% 3.53% 2.3% 2.89% 3.25%
Earnings before Tax (EBT) 1 5,547 2,581 - 4,988 2,505 3,566 7,836 2,089 1,780 5,916 2,518
Net income 1 4,446 1,983 - 3,956 1,460 2,236 4,632 1,261 683 3,367 1,406
Net margin 2.19% 1.35% - 2.05% 1.41% 1.99% 1.93% 0.98% 0.57% 1.37% 1.08%
EPS 2 147.9 65.98 - 131.6 48.56 74.39 154.0 41.94 22.74 112.0 46.76
Dividend per Share 35.00 35.00 - 45.00 - - 40.00 - - 55.00 -
Announcement Date 11/13/19 11/12/20 5/12/21 11/11/21 2/10/22 8/10/22 11/10/22 2/9/23 8/10/23 11/14/23 2/13/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 14,900 44,833 14,572 59,846 73,778 - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - 5.518 x 3.981 x - - -
Free Cash Flow 1 9,079 -14,590 16,077 -38,112 -5,909 9,240 8,700 10,110
ROE (net income / shareholders' equity) 5.6% 8.3% 5.6% 7.9% 8.9% 10.5% 9.6% 10.3%
ROA (Net income/ Total Assets) 3.93% 6.13% 2.94% 3.11% 4.73% 3.2% 3% 3.5%
Assets 1 55,805 93,332 138,045 191,314 149,934 272,188 292,333 297,714
Book Value Per Share 2,446 2,341 2,441 2,580 2,686 - - -
Cash Flow per Share 187.0 295.0 241.0 292.0 350.0 - - -
Capex 1 988 31,181 4,121 11,487 5,245 5,060 5,210 5,340
Capex / Sales 0.48% 8.22% 1.27% 2.87% 1.08% 1% 1% 1%
Announcement Date 5/13/19 5/13/20 5/12/21 5/11/22 5/12/23 - - -
1JPY in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

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