Financials Aisan Industry Co., Ltd.

Equities

7283

JP3101600009

Auto, Truck & Motorcycle Parts

Delayed Japan Exchange 10:30:00 2024-04-29 pm EDT 5-day change 1st Jan Change
1,473 JPY +4.62% Intraday chart for Aisan Industry Co., Ltd. -8.00% +25.15%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 42,831 31,812 42,267 45,966 56,641 87,890 - -
Enterprise Value (EV) 1 45,249 38,693 39,489 37,982 59,496 106,216 75,737 64,646
P/E ratio 6.99 x -6.27 x 12 x 6.73 x 6.66 x 9.08 x 7.31 x 6.86 x
Yield 3.97% 3.96% 2.68% 3.97% 3.89% 3.23% 4.12% 4.4%
Capitalization / Revenue 0.2 x 0.15 x 0.23 x 0.24 x 0.24 x 0.34 x 0.27 x 0.25 x
EV / Revenue 0.21 x 0.19 x 0.22 x 0.2 x 0.25 x 0.34 x 0.23 x 0.19 x
EV / EBITDA 2.35 x 1.96 x 2.47 x 1.9 x 2.23 x 2.57 x 2.28 x 1.84 x
EV / FCF -6.46 x -8.33 x 4.91 x 5.76 x -6.38 x 4.05 x 10.8 x 4.32 x
FCF Yield -15.5% -12% 20.4% 17.3% -15.7% 24.7% 9.3% 23.1%
Price to Book 0.49 x 0.4 x 0.5 x 0.47 x 0.53 x 0.79 x 0.72 x 0.67 x
Nbr of stocks (in thousands) 62,987 62,994 62,992 62,967 63,004 62,422 - -
Reference price 2 680.0 505.0 671.0 730.0 899.0 1,408 1,408 1,408
Announcement Date 4/25/19 4/28/20 4/27/21 4/27/22 4/26/23 4/25/24 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 213,494 205,489 181,427 193,751 240,806 314,336 325,000 345,000
EBITDA 1 19,260 19,780 15,967 19,983 26,682 30,800 33,200 35,200
EBIT 1 8,227 7,226 4,956 9,809 13,632 15,498 18,000 19,200
Operating Margin 3.85% 3.52% 2.73% 5.06% 5.66% 4.93% 5.54% 5.57%
Earnings before Tax (EBT) 1 9,889 -3,936 5,023 10,299 13,284 17,226 18,100 19,300
Net income 1 6,124 -5,073 3,525 6,831 8,504 11,744 12,000 12,800
Net margin 2.87% -2.47% 1.94% 3.53% 3.53% 3.74% 3.69% 3.71%
EPS 2 97.26 -80.55 55.97 108.4 135.0 187.6 192.5 205.3
Free Cash Flow 1 -7,008 -4,645 8,050 6,589 -9,330 26,237 7,044 14,956
FCF margin -3.28% -2.26% 4.44% 3.4% -3.87% 8.35% 2.17% 4.34%
FCF Conversion (EBITDA) - - 50.42% 32.97% - 58.48% 21.22% 42.49%
FCF Conversion (Net income) - - 228.37% 96.46% - 223.41% 58.7% 116.84%
Dividend per Share 2 27.00 20.00 18.00 29.00 35.00 55.00 58.00 62.00
Announcement Date 4/25/19 4/28/20 4/27/21 4/27/22 4/26/23 4/25/24 - -
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 2023 Q1 2023 S1 2023 Q3 2024 Q1 2024 S1 2024 Q3
Net sales 1 104,227 101,262 76,146 105,281 48,449 97,646 44,984 51,121 50,250 106,289 66,098 69,131 147,749 85,676
EBITDA - - - - 4,258 - 4,751 5,046 5,034 - - - - -
EBIT 1 3,839 3,387 -2,105 7,061 1,729 5,104 2,202 2,503 2,490 5,469 3,917 3,931 8,514 6,147
Operating Margin 3.68% 3.34% -2.76% 6.71% 3.57% 5.23% 4.9% 4.9% 4.96% 5.15% 5.93% 5.69% 5.76% 7.17%
Earnings before Tax (EBT) 1 3,881 - -2,445 - - 5,495 2,218 - 2,496 5,631 4,041 4,881 9,913 6,070
Net income 1 2,427 - -2,800 - - 4,020 1,110 1,701 2,045 3,755 3,089 3,867 7,525 3,981
Net margin 2.33% - -3.68% - - 4.12% 2.47% 3.33% 4.07% 3.53% 4.67% 5.59% 5.09% 4.65%
EPS 2 38.55 - -44.46 - 14.92 63.80 17.61 26.99 32.48 59.63 49.04 61.45 119.8 63.79
Dividend per Share 13.00 - 7.000 - - 15.00 - - - 15.00 - - 27.00 -
Announcement Date 10/30/19 4/28/20 10/28/20 4/27/21 10/28/21 10/28/21 2/1/22 4/27/22 7/28/22 10/27/22 2/2/23 7/27/23 10/30/23 2/1/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,418 6,881 - - 2,855 - - -
Net Cash position 1 - - 2,778 7,984 - 8,724 12,153 23,244
Leverage (Debt/EBITDA) 0.1255 x 0.3479 x - - 0.107 x - - -
Free Cash Flow 1 -7,008 -4,645 8,050 6,589 -9,330 26,237 7,044 14,956
ROE (net income / shareholders' equity) 7% -6.1% 4.3% 7.5% 8.4% 9.7% 10.2% 10.1%
ROA (Net income/ Total Assets) 4.2% 3.62% 2.65% 5.23% 6.59% 6.9% 7.8% 8.1%
Assets 1 145,652 -139,963 133,011 130,510 129,132 170,111 153,846 158,025
Book Value Per Share 2 1,394 1,256 1,337 1,540 1,689 2,159 1,955 2,098
Cash Flow per Share 2 272.0 119.0 231.0 270.0 341.0 425.0 436.0 462.0
Capex 1 15,049 19,323 9,711 9,449 26,299 12,390 14,000 15,000
Capex / Sales 7.05% 9.4% 5.35% 4.88% 10.92% 3.94% 4.31% 4.35%
Announcement Date 4/25/19 4/28/20 4/27/21 4/27/22 4/26/23 4/25/24 - -
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
HOLD
Number of Analysts
1
Last Close Price
1,408 JPY
Average target price
1,400 JPY
Spread / Average Target
-0.57%
Consensus
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