ALPHA CORPORATION |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,506 JPY | +1.41% |
|
+0.94% | +9.93% |
| 2023 | ALPHA Corporation Reports Earnings Results for the Full Year Ended March 31, 2023 | CI |
| 2021 | ALPHA Co., Ltd. announced that it has received CNY 17.343 million in funding from ALPHA Corporation | CI |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 16,497 | 12,648 | 8,712 | 11,740 | 9,756 | 9,477 |
| Enterprise Value (EV) 1 | 21,245 | 19,051 | 18,381 | 21,375 | 20,034 | 20,365 |
| P/E ratio | 8.15 x | 5.91 x | -7.2 x | 52.4 x | 16.3 x | 18.1 x |
| Yield | 2.32% | 3.02% | 4.39% | 2.03% | 2.94% | 3.03% |
| Capitalization / Revenue | 0.28 x | 0.21 x | 0.14 x | 0.25 x | 0.18 x | 0.15 x |
| EV / Revenue | 0.36 x | 0.32 x | 0.31 x | 0.45 x | 0.37 x | 0.32 x |
| EV / EBITDA | 3.83 x | 3.35 x | 3.98 x | 5.76 x | 5.11 x | 4.78 x |
| EV / FCF | 20.2 x | 69.1 x | -20.3 x | 236 x | -11.6 x | -13.1 x |
| FCF Yield | 4.94% | 1.45% | -4.93% | 0.42% | -8.65% | -7.64% |
| Price to Book | 0.59 x | 0.46 x | 0.34 x | 0.46 x | 0.36 x | 0.32 x |
| Nbr of stocks (in thousands) | 9,553 | 9,553 | 9,553 | 9,553 | 9,565 | 9,582 |
| Reference price 2 | 1,727 | 1,324 | 912.0 | 1,229 | 1,020 | 989.0 |
| Announcement Date | 6/22/18 | 6/25/19 | 6/25/20 | 6/24/21 | 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 | 59,060 | 60,344 | 60,195 | 47,612 | 53,767 | 62,882 |
| EBITDA 1 | 5,540 | 5,693 | 4,613 | 3,713 | 3,922 | 4,262 |
| EBIT 1 | 3,213 | 3,216 | 1,813 | 868 | 586 | 601 |
| Operating Margin | 5.44% | 5.33% | 3.01% | 1.82% | 1.09% | 0.96% |
| Earnings before Tax (EBT) 1 | 2,649 | 3,136 | 136 | 522 | 890 | 790 |
| Net income 1 | 2,024 | 2,139 | -1,210 | 224 | 600 | 524 |
| Net margin | 3.43% | 3.54% | -2.01% | 0.47% | 1.12% | 0.83% |
| EPS 2 | 211.9 | 223.9 | -126.7 | 23.45 | 62.76 | 54.72 |
| Free Cash Flow 1 | 1,049 | 275.6 | -905.9 | 90.75 | -1,732 | -1,556 |
| FCF margin | 1.78% | 0.46% | -1.5% | 0.19% | -3.22% | -2.47% |
| FCF Conversion (EBITDA) | 18.94% | 4.84% | - | 2.44% | - | - |
| FCF Conversion (Net income) | 51.85% | 12.89% | - | 40.51% | - | - |
| Dividend per Share 2 | 40.00 | 40.00 | 40.00 | 25.00 | 30.00 | 30.00 |
| Announcement Date | 6/22/18 | 6/25/19 | 6/25/20 | 6/24/21 | 6/24/22 | 6/23/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2024 Q1 | 2024 S1 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 30,349 | 19,753 | 26,643 | 12,818 | 14,005 | 28,825 | 17,200 | 18,109 | 36,363 | 18,159 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 1,124 | -619 | 343 | -85 | -138 | -295 | 467 | 403 | 792 | 885 |
| Operating Margin | 3.7% | -3.13% | 1.29% | -0.66% | -0.99% | -1.02% | 2.72% | 2.23% | 2.18% | 4.87% |
| Earnings before Tax (EBT) 1 | 1,116 | -1,535 | 551 | 69 | 247 | 375 | 579 | 689 | 1,475 | 625 |
| Net income 1 | 814 | -1,544 | 254 | 25 | 113 | 217 | 437 | 535 | 1,216 | 395 |
| Net margin | 2.68% | -7.82% | 0.95% | 0.2% | 0.81% | 0.75% | 2.54% | 2.95% | 3.34% | 2.18% |
| EPS 2 | 85.24 | -161.6 | 26.67 | 2.590 | 11.82 | 22.71 | 45.67 | 55.91 | 127.0 | 41.23 |
| Dividend per Share | 15.00 | 5.000 | 10.00 | - | - | 10.00 | - | - | 20.00 | - |
| Announcement Date | 11/14/19 | 11/12/20 | 11/11/21 | 2/10/22 | 8/10/22 | 11/10/22 | 2/10/23 | 8/10/23 | 11/10/23 | 2/14/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 4,748 | 6,403 | 9,669 | 9,635 | 10,278 | 10,888 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.857 x | 1.125 x | 2.096 x | 2.595 x | 2.621 x | 2.555 x |
| Free Cash Flow 1 | 1,049 | 276 | -906 | 90.8 | -1,733 | -1,556 |
| ROE (net income / shareholders' equity) | 7.75% | 7.85% | -4.48% | 0.81% | 2.26% | 1.4% |
| ROA (Net income/ Total Assets) | 3.7% | 3.67% | 2.03% | 0.97% | 0.65% | 0.64% |
| Assets 1 | 54,741 | 58,264 | -59,671 | 23,145 | 91,687 | 82,183 |
| Book Value Per Share 2 | 2,903 | 2,881 | 2,644 | 2,669 | 2,798 | 3,086 |
| Cash Flow per Share 2 | 758.0 | 811.0 | 877.0 | 828.0 | 672.0 | 725.0 |
| Capex 1 | 2,298 | 3,706 | 4,016 | 2,726 | 2,137 | 2,868 |
| Capex / Sales | 3.89% | 6.14% | 6.67% | 5.73% | 3.97% | 4.56% |
| Announcement Date | 6/22/18 | 6/25/19 | 6/25/20 | 6/24/21 | 6/24/22 | 6/23/23 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +9.93% | 90.82M | |
| +26.45% | 51.22B | |
| +25.92% | 20.5B | |
| -19.29% | 19.74B | |
| +30.52% | 17.09B | |
| -3.16% | 15.13B | |
| -13.78% | 14.21B | |
| -20.75% | 13.06B | |
| +35.70% | 11.79B | |
| +30.05% | 10.62B |
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