Financials Shin Nippon Biomedical Laboratories, Ltd.

Equities

2395

JP3379950003

Biotechnology & Medical Research

Market Closed - Japan Exchange 02:00:00 2024-04-26 am EDT 5-day change 1st Jan Change
1,502 JPY +1.49% Intraday chart for Shin Nippon Biomedical Laboratories, Ltd. +5.55% -11.54%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 37,511 21,982 29,101 70,608 114,488 62,531 - -
Enterprise Value (EV) 1 48,320 31,655 34,500 72,748 122,715 82,040 81,458 78,544
P/E ratio 19.2 x 8.62 x 7.95 x 9.91 x 18.9 x 15.7 x 11.8 x 8.69 x
Yield 0.33% 0.95% 2.86% 2.36% 1.82% 3.33% 3.33% 4.33%
Capitalization / Revenue 2.4 x 1.51 x 1.93 x 3.98 x 4.56 x 2.39 x 1.99 x 1.79 x
EV / Revenue 3.09 x 2.17 x 2.28 x 4.1 x 4.89 x 3.13 x 2.59 x 2.24 x
EV / EBITDA - - - - 18.1 x 14.8 x 11.1 x 7.43 x
EV / FCF 37,749,621 x 21,047,038 x 9,271,647 x 17,121,190 x -76,220,422 x - 30,577,388 x 13,975,829 x
FCF Yield 0% 0% 0% 0% -0% - 0% 0%
Price to Book 1.32 x 1.35 x 1.85 x 3.61 x 4.37 x 2.22 x 2 x 1.75 x
Nbr of stocks (in thousands) 41,632 41,632 41,632 41,632 41,632 41,632 - -
Reference price 2 901.0 528.0 699.0 1,696 2,750 1,502 1,502 1,502
Announcement Date 5/10/19 5/11/20 5/10/21 5/6/22 5/8/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 15,658 14,561 15,110 17,748 25,090 26,190 31,500 35,000
EBITDA 1 - - - - 6,789 5,540 7,370 10,570
EBIT 1 829 2,228 2,529 4,195 5,245 3,470 4,500 7,500
Operating Margin 5.29% 15.3% 16.74% 23.64% 20.9% 13.25% 14.29% 21.43%
Earnings before Tax (EBT) 1 1,650 3,062 4,175 8,183 7,759 5,490 7,100 10,200
Net income 1 1,950 2,550 3,661 7,127 6,060 3,975 5,300 7,200
Net margin 12.45% 17.51% 24.23% 40.16% 24.15% 15.18% 16.83% 20.57%
EPS 2 46.84 61.25 87.95 171.2 145.6 95.50 127.3 172.9
Free Cash Flow 1,280 1,504 3,721 4,249 -1,610 - 2,664 5,620
FCF margin 8.17% 10.33% 24.63% 23.94% -6.42% - 8.46% 16.06%
FCF Conversion (EBITDA) - - - - - - 36.15% 53.17%
FCF Conversion (Net income) 65.64% 58.98% 101.64% 59.62% - - 50.26% 78.06%
Dividend per Share 2 3.000 5.000 20.00 40.00 50.00 50.00 50.00 65.00
Announcement Date 5/10/19 5/11/20 5/10/21 5/6/22 5/8/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2021 S1 2022 S1 2022 Q3 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 S1 2025 Q3 2025 Q4
Net sales 1 6,389 7,003 7,961 4,985 4,046 6,302 10,348 6,023 8,718 5,805 6,079 11,884 6,100 8,205 7,300 7,400 14,700 7,550 9,250
EBITDA - - - - - - - - - - - - - - - - - - -
EBIT 1 1,078 1,161 1,969 1,331 714 1,599 2,313 1,470 1,461 1,227 1,122 2,349 186 934 1,000 950 1,950 850 1,700
Operating Margin 16.87% 16.58% 24.73% 26.7% 17.65% 25.37% 22.35% 24.41% 16.76% 21.14% 18.46% 19.77% 3.05% 11.38% 13.7% 12.84% 13.27% 11.26% 18.38%
Earnings before Tax (EBT) 1,252 1,300 3,905 2,139 2,771 3,119 5,890 -259 2,128 1,941 1,872 3,814 1,124 - 1,600 1,550 3,150 1,850 2,100
Net income 1 877 1,139 3,503 1,744 1,944 2,475 4,419 -68 1,708 1,373 1,593 2,966 828 180 1,200 1,170 2,370 1,510 1,420
Net margin 13.73% 16.26% 44% 34.98% 48.05% 39.27% 42.7% -1.13% 19.59% 23.66% 26.2% 24.96% 13.57% 2.19% 16.44% 15.81% 16.12% 20% 15.35%
EPS 21.07 27.36 84.15 41.90 46.70 - 106.2 -1.640 41.04 32.98 38.26 71.24 19.90 - - - - - -
Dividend per Share - - - - - - 20.00 - - - - 20.00 - - - - - - -
Announcement Date 11/8/19 11/6/20 11/2/21 2/2/22 7/29/22 10/31/22 10/31/22 1/31/23 5/8/23 8/2/23 11/7/23 11/7/23 2/2/24 - - - - - -
1JPY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 10,809 9,673 5,399 2,140 8,227 19,509 18,927 16,013
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - - 1.212 x 3.521 x 2.568 x 1.515 x
Free Cash Flow 1,280 1,504 3,721 4,249 -1,610 - 2,664 5,620
ROE (net income / shareholders' equity) 7.1% 11.4% 22.9% 40.4% 26.5% 14.6% 17.8% 21.4%
ROA (Net income/ Total Assets) 2.88% 6.69% 9.6% 18.6% 19% 10.2% 10.1% 14.1%
Assets 1 67,662 38,128 38,154 38,406 31,821 38,971 52,475 51,064
Book Value Per Share 2 682.0 391.0 378.0 470.0 630.0 675.0 752.0 860.0
Cash Flow per Share 79.50 90.80 116.0 199.0 183.0 - - -
Capex 1 1,612 1,514 1,025 1,703 5,614 10,000 3,500 3,000
Capex / Sales 10.3% 10.4% 6.78% 9.6% 22.38% 38.18% 11.11% 8.57%
Announcement Date 5/10/19 5/11/20 5/10/21 5/6/22 5/8/23 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
1,502 JPY
Average target price
3,150 JPY
Spread / Average Target
+109.72%
Consensus
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  4. Financials Shin Nippon Biomedical Laboratories, Ltd.