Financials Shibaura Electronics Co.,Ltd.

Equities

6957

JP3354800009

Electronic Equipment & Parts

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-05-02 am EDT			5-day change	1st Jan Change
6,070 ^JPY	+0.33%		+1.34%	+8.98%

2022	Tranche Update on Shibaura Electronics Co.,Ltd.'s Equity Buyback Plan announced on November 14, 2022.	CI
2022	Shibaura Electronics Co.,Ltd.'s Equity Buyback announced on November 14, 2022, has closed with 100,000 shares, representing 1.3% for ¥535.24 million.	CI

Valuation

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	29,053	15,689	28,244	58,817	44,618	46,324	-	-
Enterprise Value (EV) ¹	25,293	11,353	21,050	49,369	34,838	46,324	46,324	46,324
P/E ratio	14.1 x	8.98 x	12.6 x	16.1 x	11.7 x	12.6 x	12.4 x	10.8 x
Yield	1.99%	3.69%	2.05%	1.96%	3.4%	3.62%	3.62%	3.87%
Capitalization / Revenue	1.07 x	0.6 x	1.12 x	1.92 x	1.34 x	1.43 x	1.41 x	1.3 x
EV / Revenue	1.07 x	0.6 x	1.12 x	1.92 x	1.34 x	1.43 x	1.41 x	1.3 x
EV / EBITDA	6,495,668 x	3,683,671 x	5,860,468 x	8,242,467 x	6,382,263 x	-	-	-
EV / FCF	-42.9 x	13.1 x	8.1 x	20.7 x	24.9 x	16.6 x	19.7 x	13.8 x
FCF Yield	-2.33%	7.62%	12.3%	4.83%	4.01%	6.02%	5.08%	7.27%
Price to Book	1.28 x	0.65 x	1.11 x	2.05 x	1.41 x	1.39 x	1.29 x	1.2 x
Nbr of stocks (in thousands)	7,706	7,709	7,717	7,688	7,588	7,632	-	-
Reference price ²	3,770	2,035	3,660	7,650	5,880	6,070	6,070	6,070
Announcement Date	5/10/19	5/11/20	5/10/21	5/12/22	5/11/23	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Marzo	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	27,121	26,166	25,175	30,612	33,193	32,300	32,900	35,500
EBITDA	4,473	4,259	4,819	7,136	6,991	-	-	-
EBIT ¹	2,787	2,291	3,136	5,572	5,460	5,150	5,325	6,100
Operating Margin	10.28%	8.76%	12.46%	18.2%	16.45%	15.94%	16.19%	17.18%
Earnings before Tax (EBT)	2,806	2,392	3,174	5,346	5,638	-	-	-
Net income ¹	2,055	1,747	2,233	3,654	3,830	3,685	3,740	4,275
Net margin	7.58%	6.68%	8.87%	11.94%	11.54%	11.41%	11.37%	12.04%
EPS ²	266.7	226.7	289.6	474.5	500.6	482.8	490.0	560.2
Free Cash Flow ¹	-677	1,196	3,488	2,838	1,791	2,788	2,352	3,369
FCF margin	-2.5%	4.57%	13.85%	9.27%	5.4%	8.63%	7.15%	9.49%
FCF Conversion (EBITDA)	-	28.08%	72.37%	39.77%	25.62%	-	-	-
FCF Conversion (Net income)	-	68.46%	156.2%	77.67%	46.76%	75.66%	62.89%	78.81%
Dividend per Share ²	75.00	75.00	75.00	150.0	200.0	220.0	220.0	235.0
Announcement Date	5/10/19	5/11/20	5/10/21	5/12/22	5/11/23	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	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
Net sales ¹	13,263	12,903	11,240	13,935	7,709	15,418	7,603	7,591	15,194	8,012	8,358	16,370	8,499	8,324	16,823	7,891	8,292	16,183	8,292	7,812	16,117
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,659	-	-	-	-	-	-
EBIT ¹	1,105	1,186	837	2,299	1,418	2,806	1,566	1,200	2,766	1,395	1,211	2,606	1,519	1,335	2,854	1,290	1,285	2,575	1,404	1,170	2,575
Operating Margin	8.33%	9.19%	7.45%	16.5%	18.39%	18.2%	20.6%	15.81%	18.2%	17.41%	14.49%	15.92%	17.87%	16.04%	16.96%	16.35%	15.5%	15.91%	16.93%	14.98%	15.98%
Earnings before Tax (EBT)	1,148	-	809	-	-	2,542	1,569	-	-	1,468	-	2,780	1,541	-	-	1,412	-	2,785	1,493	-	-
Net income	823	-	559	-	-	1,684	1,119	-	-	933	-	1,829	1,094	-	2,001	872	-	1,869	1,019	-	-
Net margin	6.21%	-	4.97%	-	-	10.92%	14.72%	-	-	11.65%	-	11.17%	12.87%	-	11.89%	11.05%	-	11.55%	12.29%	-	-
EPS	106.8	-	72.61	-	-	218.4	145.4	-	-	121.5	-	238.0	143.2	-	-	114.9	-	245.6	133.5	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	11/8/19	5/11/20	11/6/20	5/10/21	11/8/21	11/8/21	2/7/22	5/12/22	5/12/22	8/8/22	11/14/22	11/14/22	2/13/23	5/11/23	5/11/23	8/7/23	11/13/23	11/13/23	2/13/24	-	-

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	3,760	4,336	7,194	9,448	9,780	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-677	1,196	3,488	2,838	1,791	2,788	2,352	3,369
ROE (net income / shareholders' equity)	9.3%	7.5%	9%	13.5%	12.7%	11.1%	-	-
ROA (Net income/ Total Assets)	8.73%	7.01%	8.93%	14.5%	13.8%	-	-	-
Assets ¹	23,529	24,924	25,014	25,254	27,796	-	-	-
Book Value Per Share ²	2,937	3,120	3,296	3,729	4,183	4,355	4,721	5,052
Cash Flow per Share	485.0	482.0	508.0	677.0	701.0	-	-	-
Capex ¹	4,198	2,127	535	694	1,632	2,900	3,200	2,500
Capex / Sales	15.48%	8.13%	2.13%	2.27%	4.92%	8.98%	9.73%	7.04%
Announcement Date	5/10/19	5/11/20	5/10/21	5/12/22	5/11/23	-	-	-

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 Shibaura Electronics Co.,Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

6,070 JPY

Average target price

7,250 JPY

Spread / Average Target

+19.44%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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HALMA PLC	-1.88%	10.61B
HUIZHOU DESAY SV AUTOMOTIVE CO., LTD.	-2.81%	9.65B

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