Financials Amada Holdings Co. Ltd.

Equities

6113

JP3122800000

Industrial Machinery & Equipment

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-04-26 am EDT			5-day change	1st Jan Change
1,721 ^JPY	+1.38%		+3.58%	+17.07%

Mar. 26	Tranche Update on Amada Co., Ltd.'s Equity Buyback Plan announced on May 12, 2023.	CI
Mar. 22	Amada Co., Ltd.'s Equity Buyback announced on May 12, 2023, has closed with 13,293,000 shares, representing 3.87% for ¥19,999.82 million.	CI

Valuation

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	395,445	288,883	429,017	376,864	430,400	575,436	-	-
Enterprise Value (EV) ¹	349,072	262,948	368,059	277,139	337,168	488,924	480,656	478,300
P/E ratio	11.9 x	12.9 x	23.1 x	13.6 x	12.6 x	14.6 x	14.2 x	13.1 x
Yield	4.2%	5.63%	2.43%	3.51%	3.88%	3.39%	3.58%	3.8%
Capitalization / Revenue	1.17 x	0.9 x	1.71 x	1.21 x	1.18 x	1.44 x	1.42 x	1.37 x
EV / Revenue	1.03 x	0.82 x	1.47 x	0.89 x	0.92 x	1.22 x	1.19 x	1.14 x
EV / EBITDA	6.05 x	5.18 x	8.39 x	4.94 x	5 x	6.49 x	6.29 x	5.95 x
EV / FCF	15.2 x	22.8 x	9.2 x	5.66 x	29 x	28.6 x	10.7 x	13.2 x
FCF Yield	6.56%	4.38%	10.9%	17.7%	3.45%	3.5%	9.33%	7.59%
Price to Book	0.88 x	0.69 x	0.96 x	0.79 x	0.85 x	1.12 x	1.08 x	1.04 x
Nbr of stocks (in thousands)	361,137	338,667	347,664	347,661	347,658	334,362	-	-
Reference price ²	1,095	853.0	1,234	1,084	1,238	1,721	1,721	1,721
Announcement Date	5/14/19	5/20/20	5/12/21	5/12/22	5/12/23	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	338,175	320,112	250,448	312,658	365,687	400,760	405,440	418,600
EBITDA ¹	57,675	50,762	43,851	56,147	67,490	75,360	76,460	80,440
EBIT ¹	45,316	34,682	26,705	38,538	49,867	57,100	57,500	60,780
Operating Margin	13.4%	10.83%	10.66%	12.33%	13.64%	14.25%	14.18%	14.52%
Earnings before Tax (EBT) ¹	47,913	33,789	28,818	40,496	49,608	57,712	57,088	59,775
Net income ¹	33,420	23,390	18,564	27,769	34,158	39,948	40,138	42,436
Net margin	9.88%	7.31%	7.41%	8.88%	9.34%	9.97%	9.9%	10.14%
EPS ²	91.82	65.91	53.40	79.88	98.25	117.7	121.5	130.9
Free Cash Flow ¹	22,909	11,511	39,997	48,944	11,626	17,088	44,827	36,309
FCF margin	6.77%	3.6%	15.97%	15.65%	3.18%	4.26%	11.06%	8.67%
FCF Conversion (EBITDA)	39.72%	22.68%	91.21%	87.17%	17.23%	22.68%	58.63%	45.14%
FCF Conversion (Net income)	68.55%	49.21%	215.45%	176.25%	34.04%	42.78%	111.68%	85.56%
Dividend per Share ²	46.00	48.00	30.00	38.00	48.00	58.40	61.60	65.40
Announcement Date	5/14/19	5/20/20	5/12/21	5/12/22	5/12/23	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2020 S1	2021 S1	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	2025 Q1	2025 Q2	2025 S1	2025 Q3	2025 Q4	2025 S2
Net sales ¹	154,940	113,519	79,717	141,895	75,263	95,500	170,763	74,031	95,372	169,403	89,502	106,782	196,284	86,522	100,529	187,051	98,166	112,442	210,608	85,000	99,000	184,000	96,000	117,000	213,000
EBITDA	-	-	16,540	-	13,348	16,625	-	12,157	20,375	-	15,712	19,246	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	19,162	15,433	12,260	17,566	8,986	11,986	20,972	7,784	16,028	23,812	11,188	14,867	26,055	12,044	15,228	27,272	12,984	16,322	29,306	11,000	14,400	25,400	12,200	17,400	29,600
Operating Margin	12.37%	13.6%	15.38%	12.38%	11.94%	12.55%	12.28%	10.51%	16.81%	14.06%	12.5%	13.92%	13.27%	13.92%	15.15%	14.58%	13.23%	14.52%	13.91%	12.94%	14.55%	13.8%	12.71%	14.87%	13.9%
Earnings before Tax (EBT) ¹	19,495	17,075	12,785	18,733	9,679	12,084	-	7,995	16,331	24,326	10,020	15,262	-	13,222	15,208	28,430	12,366	15,204	-	-	-	-	-	-	-
Net income ¹	13,344	11,222	8,987	13,166	7,035	7,568	-	5,844	11,157	17,001	7,038	10,119	-	9,365	10,394	19,759	8,252	10,889	-	-	-	-	-	-	-
Net margin	8.61%	9.89%	11.27%	9.28%	9.35%	7.92%	-	7.89%	11.7%	10.04%	7.86%	9.48%	-	10.82%	10.34%	10.56%	8.41%	9.68%	-	-	-	-	-	-	-
EPS	37.42	32.28	-	37.87	20.24	-	-	16.81	-	48.90	20.25	-	-	26.95	-	57.15	24.36	-	-	-	-	-	-	-	-
Dividend per Share	24.00	15.00	-	17.00	-	-	-	-	-	22.00	-	-	-	-	-	25.00	-	-	-	-	-	-	-	-	-
Announcement Date	11/7/19	11/11/20	11/11/21	11/11/21	2/10/22	5/12/22	5/12/22	8/5/22	11/10/22	11/10/22	2/9/23	5/12/23	5/12/23	8/8/23	11/9/23	11/9/23	2/8/24	-	-	-	-	-	-	-	-

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	46,373	25,935	60,958	99,725	93,232	86,512	94,780	97,137
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	22,909	11,511	39,997	48,944	11,626	17,088	44,827	36,309
ROE (net income / shareholders' equity)	7.6%	5.4%	4.2%	6%	6.9%	7.86%	7.8%	8.11%
ROA (Net income/ Total Assets)	8.52%	6%	5.17%	6.91%	7.86%	7.02%	7.04%	7.4%
Assets ¹	392,080	389,607	359,418	401,743	434,481	569,465	569,926	573,124
Book Value Per Share ²	1,238	1,240	1,286	1,380	1,450	1,533	1,592	1,660
Cash Flow per Share	126.0	111.0	103.0	131.0	149.0	-	-	-
Capex ¹	17,073	33,091	17,582	15,845	25,879	20,000	23,333	26,667
Capex / Sales	5.05%	10.34%	7.02%	5.07%	7.08%	4.99%	5.76%	6.37%
Announcement Date	5/14/19	5/20/20	5/12/21	5/12/22	5/12/23	-	-	-

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 Amada Holdings Co. Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1,721 JPY

Average target price

1,880 JPY

Spread / Average Target

+9.24%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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