Financials Shinwa Co., Ltd.

Equities

3447

JP3384730002

Iron & Steel

Delayed Japan Exchange 10:15:33 2024-05-07 pm EDT 5-day change 1st Jan Change
737 JPY -0.14% Intraday chart for Shinwa Co., Ltd. +0.14% -0.54%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 14,354 14,009 10,093 12,074 10,814 9,998
Enterprise Value (EV) 1 19,468 18,471 12,993 13,018 12,572 12,177
P/E ratio 9.89 x 10.6 x 7.02 x 9.84 x 7.48 x 9.93 x
Yield 4.13% 4.33% 6.01% 4.08% 5.46% 4.45%
Capitalization / Revenue 0.87 x 0.8 x 0.59 x 0.87 x 0.67 x 0.68 x
EV / Revenue 1.17 x 1.05 x 0.76 x 0.94 x 0.78 x 0.83 x
EV / EBITDA 7.11 x 7.36 x 4.5 x 5.29 x 4.65 x 5.73 x
EV / FCF 31 x 18.5 x 5.69 x 5.19 x 524 x -56.1 x
FCF Yield 3.23% 5.41% 17.6% 19.3% 0.19% -1.78%
Price to Book 1.2 x 1.11 x 0.75 x 0.84 x 0.72 x 0.64 x
Nbr of stocks (in thousands) 13,788 13,788 13,789 14,089 13,723 13,906
Reference price 2 1,041 1,016 732.0 857.0 788.0 719.0
Announcement Date 6/27/18 6/26/19 6/29/20 6/28/21 6/24/22 6/23/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 16,586 17,512 17,081 13,885 16,063 14,757
EBITDA 1 2,739 2,508 2,886 2,461 2,701 2,126
EBIT 1 2,310 1,964 2,212 1,806 2,155 1,529
Operating Margin 13.93% 11.22% 12.95% 13.01% 13.42% 10.36%
Earnings before Tax (EBT) 1 2,238 1,894 2,138 1,783 2,063 1,434
Net income 1 1,459 1,331 1,467 1,231 1,452 1,007
Net margin 8.8% 7.6% 8.59% 8.87% 9.04% 6.82%
EPS 2 105.2 95.81 104.2 87.09 105.3 72.43
Free Cash Flow 1 629 998.4 2,283 2,511 24 -217.1
FCF margin 3.79% 5.7% 13.36% 18.08% 0.15% -1.47%
FCF Conversion (EBITDA) 22.96% 39.81% 79.1% 102.02% 0.89% -
FCF Conversion (Net income) 43.11% 75.01% 155.62% 203.96% 1.65% -
Dividend per Share 2 43.00 44.00 44.00 35.00 43.00 32.00
Announcement Date 6/27/18 6/26/19 6/29/20 6/28/21 6/24/22 6/23/23
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 5,114 4,462 2,900 944 1,758 2,179
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.867 x 1.779 x 1.005 x 0.3836 x 0.6509 x 1.025 x
Free Cash Flow 1 629 998 2,283 2,511 24 -217
ROE (net income / shareholders' equity) 13% 10.7% 11% 8.8% 9.54% 6.42%
ROA (Net income/ Total Assets) 6.99% 5.81% 6.46% 5.15% 6.02% 4.36%
Assets 1 20,881 22,910 22,704 23,915 24,122 23,083
Book Value Per Share 2 868.0 919.0 975.0 1,020 1,089 1,118
Cash Flow per Share 2 109.0 125.0 221.0 336.0 249.0 148.0
Capex 1 618 548 569 221 676 605
Capex / Sales 3.73% 3.13% 3.33% 1.59% 4.21% 4.1%
Announcement Date 6/27/18 6/26/19 6/29/20 6/28/21 6/24/22 6/23/23
1JPY in Million2JPY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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