RIDE ON EXPRESS HOLDINGS CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,050 JPY | +0.10% |
|
+2.24% | +3.35% |
| Feb. 21 | Ride On Express Halves Profit in Fiscal Q1-Q3 | MT |
| 2023 | Ride On Express' FY23 Profit Slumps 56% | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 12,275 | 14,040 | 18,062 | 12,541 | 10,627 | 10,232 | - | - |
| Enterprise Value (EV) 1 | 9,499 | 10,318 | 12,635 | 7,929 | 6,364 | 10,232 | 10,232 | 10,232 |
| P/E ratio | 18.5 x | 17.6 x | 12 x | 10.4 x | 19.6 x | 18.6 x | 17.1 x | 16.2 x |
| Yield | 0.85% | 1.5% | 1.78% | 2.42% | 2.75% | 1.43% | 1.43% | 1.43% |
| Capitalization / Revenue | 0.6 x | 0.67 x | 0.71 x | 0.49 x | 0.42 x | 0.43 x | 0.42 x | 0.41 x |
| EV / Revenue | 0.6 x | 0.67 x | 0.71 x | 0.49 x | 0.42 x | 0.43 x | 0.42 x | 0.41 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | 47 x | 10.6 x | 9.05 x | 25.1 x | 21.4 x | -27.4 x | 34.1 x | 19.7 x |
| FCF Yield | 2.13% | 9.41% | 11.1% | 3.99% | 4.67% | -3.65% | 2.93% | 5.08% |
| Price to Book | 2.36 x | 2.37 x | 2.45 x | 1.71 x | 1.49 x | - | - | - |
| Nbr of stocks (in thousands) | 10,429 | 10,509 | 10,713 | 10,114 | 9,732 | 9,754 | - | - |
| Reference price 2 | 1,177 | 1,336 | 1,686 | 1,240 | 1,092 | 1,049 | 1,049 | 1,049 |
| Announcement Date | 5/15/19 | 5/27/20 | 5/14/21 | 5/13/22 | 5/15/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 20,503 | 21,034 | 25,384 | 25,703 | 25,353 | 23,700 | 24,500 | 25,100 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 1,036 | 1,379 | 2,419 | 1,943 | 1,251 | 900 | 950 | 1,000 |
| Operating Margin | 5.05% | 6.56% | 9.53% | 7.56% | 4.93% | 3.8% | 3.88% | 3.98% |
| Earnings before Tax (EBT) | 1,066 | 1,235 | 2,318 | 1,951 | 949 | - | - | - |
| Net income 1 | 665 | 798 | 1,497 | 1,246 | 546 | 550 | 600 | 630 |
| Net margin | 3.24% | 3.79% | 5.9% | 4.85% | 2.15% | 2.32% | 2.45% | 2.51% |
| EPS 2 | 63.59 | 75.99 | 140.8 | 119.3 | 55.64 | 56.40 | 61.50 | 64.60 |
| Free Cash Flow 1 | 261 | 1,321 | 1,996 | 499.9 | 496 | -373 | 300 | 520 |
| FCF margin | 1.27% | 6.28% | 7.87% | 1.94% | 1.96% | -1.57% | 1.22% | 2.07% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | 39.25% | 165.54% | 133.37% | 40.12% | 90.84% | - | 50% | 82.54% |
| Dividend per Share 2 | 10.00 | 20.00 | 30.00 | 30.00 | 30.00 | 15.00 | 15.00 | 15.00 |
| Announcement Date | 5/15/19 | 5/27/20 | 5/14/21 | 5/13/22 | 5/15/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,744 | 12,347 | 6,408 | 12,364 | 6,787 | 6,552 | 5,866 | 6,253 | 12,119 | 6,791 | 6,443 | 5,461 | 5,590 | 11,051 | 6,505 | 6,144 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 514 | 1,266 | 713 | 1,172 | 375 | 396 | 191 | 278 | 469 | 286 | 496 | 53 | 265 | 318 | 195 | 387 |
| Operating Margin | 5.28% | 10.25% | 11.13% | 9.48% | 5.53% | 6.04% | 3.26% | 4.45% | 3.87% | 4.21% | 7.7% | 0.97% | 4.74% | 2.88% | 3% | 6.3% |
| Earnings before Tax (EBT) | 514 | 1,350 | - | 1,161 | 457 | - | 143 | - | 407 | 291 | - | 36 | - | 327 | 175 | - |
| Net income 1 | 318 | 864 | 458 | 732 | 301 | 213 | 93 | 174 | 267 | 181 | 98 | 1 | 121 | 122 | 99 | 329 |
| Net margin | 3.26% | 7% | 7.15% | 5.92% | 4.43% | 3.25% | 1.59% | 2.78% | 2.2% | 2.67% | 1.52% | 0.02% | 2.16% | 1.1% | 1.52% | 5.35% |
| EPS | 30.30 | 81.67 | - | 68.41 | 29.48 | - | 9.320 | - | 27.01 | 18.60 | - | 0.1200 | - | 12.61 | 10.14 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/14/19 | 11/13/20 | 11/12/21 | 11/12/21 | 2/14/22 | 5/13/22 | 8/12/22 | 11/14/22 | 11/14/22 | 2/14/23 | 5/15/23 | 8/14/23 | 11/13/23 | 11/13/23 | 2/14/24 | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | 2,776 | 3,722 | 5,427 | 4,612 | 4,263 | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 261 | 1,321 | 1,996 | 500 | 496 | -373 | 300 | 520 |
| ROE (net income / shareholders' equity) | 12.9% | 14.3% | 22.5% | 16.9% | 7.5% | - | - | - |
| ROA (Net income/ Total Assets) | 10.8% | 12.8% | 21.2% | 16.8% | 8.8% | - | - | - |
| Assets 1 | 6,151 | 6,223 | 7,055 | 7,404 | 6,206 | - | - | - |
| Book Value Per Share | 498.0 | 563.0 | 689.0 | 727.0 | 733.0 | - | - | - |
| Cash Flow per Share | 87.30 | 102.0 | 168.0 | 152.0 | 93.80 | - | - | - |
| Capex 1 | 322 | 399 | 365 | 714 | 249 | 1,261 | 670 | 720 |
| Capex / Sales | 1.57% | 1.9% | 1.44% | 2.78% | 0.98% | 5.32% | 2.73% | 2.87% |
| Announcement Date | 5/15/19 | 5/27/20 | 5/14/21 | 5/13/22 | 5/15/23 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
1,049
JPY
Average target price
1,600
JPY
Spread / Average Target
+52.53%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +3.35% | 64.93M | |
| +2.19% | 46.81B | |
| -8.00% | 18.04B | |
| -19.44% | 12.8B | |
| +31.64% | 12.74B | |
| +56.93% | 7.69B | |
| -18.68% | 6.03B | |
| -6.36% | 4.57B | |
| -19.02% | 3.66B | |
| +3.54% | 3.44B |
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- Financials RIDE ON EXPRESS HOLDINGS Co., Ltd.
