AOYAMA TRADING CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,613 JPY | +0.56% |
|
+3.66% | +8.77% |
| Apr. 08 | Aoyama Trading's Sales Rises 5.5% in March | MT |
| Apr. 08 | Aoyama Trading Co., Ltd. Reports Preliminary Sales Results for the Month and Year to Date Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 125,748 | 46,382 | 41,162 | 33,678 | 46,752 | 80,428 | - | - |
| Enterprise Value (EV) 1 | 137,262 | 85,286 | 91,811 | 65,536 | 59,077 | 76,328 | 65,828 | 56,528 |
| P/E ratio | 22 x | -2.74 x | -1.06 x | 24.9 x | 10.9 x | 11.3 x | 10.6 x | 10.3 x |
| Yield | 4.17% | 5.39% | - | 1.18% | 2.77% | 3.72% | 3.72% | 3.72% |
| Capitalization / Revenue | 0.5 x | 0.21 x | 0.26 x | 0.2 x | 0.25 x | 0.41 x | 0.41 x | 0.41 x |
| EV / Revenue | 0.55 x | 0.39 x | 0.57 x | 0.39 x | 0.32 x | 0.39 x | 0.34 x | 0.29 x |
| EV / EBITDA | 5.85 x | 7.91 x | -13.7 x | 7.26 x | 4.19 x | 4.31 x | 3.7 x | 3.29 x |
| EV / FCF | 18,619,329 x | -5,303,839 x | 12,942,076 x | 3,228,077 x | 2,981,730 x | - | - | - |
| FCF Yield | 0% | -0% | 0% | 0% | 0% | - | - | - |
| Price to Book | 0.57 x | 0.24 x | 0.26 x | 0.21 x | 0.28 x | 0.47 x | 0.45 x | 0.43 x |
| Nbr of stocks (in thousands) | 49,979 | 49,980 | 49,773 | 49,820 | 49,842 | 49,862 | - | - |
| Reference price 2 | 2,516 | 928.0 | 827.0 | 676.0 | 938.0 | 1,613 | 1,613 | 1,613 |
| Announcement Date | 5/10/19 | 5/15/20 | 5/14/21 | 5/13/22 | 5/12/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 250,300 | 217,696 | 161,404 | 165,961 | 183,506 | 194,000 | 196,200 | 195,700 |
| EBITDA 1 | 23,456 | 10,779 | -6,682 | 9,024 | 14,106 | 17,700 | 17,800 | 17,200 |
| EBIT 1 | 14,629 | 818 | -14,404 | 2,181 | 7,110 | 11,200 | 12,100 | 12,200 |
| Operating Margin | 5.84% | 0.38% | -8.92% | 1.31% | 3.87% | 5.77% | 6.17% | 6.23% |
| Earnings before Tax (EBT) | 11,001 | -18,921 | -30,583 | 2,949 | 6,251 | - | - | - |
| Net income 1 | 5,723 | -16,900 | -38,887 | 1,350 | 4,278 | 7,100 | 7,600 | 7,800 |
| Net margin | 2.29% | -7.76% | -24.09% | 0.81% | 2.33% | 3.66% | 3.87% | 3.99% |
| EPS 2 | 114.3 | -338.4 | -781.3 | 27.12 | 85.86 | 142.4 | 152.4 | 156.5 |
| Free Cash Flow | 7,372 | -16,080 | 7,094 | 20,302 | 19,813 | - | - | - |
| FCF margin | 2.95% | -7.39% | 4.4% | 12.23% | 10.8% | - | - | - |
| FCF Conversion (EBITDA) | 31.43% | - | - | 224.98% | 140.46% | - | - | - |
| FCF Conversion (Net income) | 128.81% | - | - | 1,503.85% | 463.14% | - | - | - |
| Dividend per Share 2 | 105.0 | 50.00 | - | 8.000 | 26.00 | 60.00 | 60.00 | 60.00 |
| Announcement Date | 5/10/19 | 5/15/20 | 5/14/21 | 5/13/22 | 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 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 101,882 | 61,065 | 29,362 | 67,131 | 44,181 | 54,649 | 40,924 | 35,880 | 76,804 | 46,360 | 60,342 | 44,304 | 38,709 | 83,013 | 48,214 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | -1,557 | -13,851 | -5,042 | -7,059 | 2,117 | 7,123 | 1 | -1,878 | -1,877 | 2,159 | 6,828 | 1,856 | -457 | 1,399 | 2,993 |
| Operating Margin | -1.53% | -22.68% | -17.17% | -10.52% | 4.79% | 13.03% | 0% | -5.23% | -2.44% | 4.66% | 11.32% | 4.19% | -1.18% | 1.69% | 6.21% |
| Earnings before Tax (EBT) 1 | -8,691 | -15,963 | - | -6,566 | 3,322 | - | 626 | - | -1,350 | 1,810 | - | 2,092 | - | 1,564 | 2,932 |
| Net income 1 | -6,469 | -16,938 | -4,860 | -7,586 | 2,735 | 6,201 | 22 | -2,473 | -2,451 | 1,266 | 5,463 | 1,230 | -767 | 463 | 2,085 |
| Net margin | -6.35% | -27.74% | -16.55% | -11.3% | 6.19% | 11.35% | 0.05% | -6.89% | -3.19% | 2.73% | 9.05% | 2.78% | -1.98% | 0.56% | 4.32% |
| EPS 2 | -129.4 | -340.3 | - | -152.3 | 54.93 | - | 0.4400 | - | -49.20 | 25.40 | - | 24.70 | - | 9.300 | 41.83 |
| Dividend per Share | 50.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/8/19 | 11/10/20 | 11/12/21 | 11/12/21 | 2/10/22 | 5/13/22 | 8/9/22 | 11/11/22 | 11/11/22 | 2/10/23 | 5/12/23 | 8/10/23 | 11/10/23 | 11/10/23 | 2/9/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 11,514 | 38,904 | 50,649 | 31,858 | 12,325 | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 4,100 | 14,600 | 23,900 |
| Leverage (Debt/EBITDA) | 0.4909 x | 3.609 x | -7.58 x | 3.53 x | 0.8737 x | - | - | - |
| Free Cash Flow | 7,372 | -16,080 | 7,094 | 20,302 | 19,813 | - | - | - |
| ROE (net income / shareholders' equity) | 2.6% | -8.1% | -21.8% | 0.8% | 2.6% | 4.27% | 4.39% | 4.33% |
| ROA (Net income/ Total Assets) | 3.96% | 0.4% | -3.25% | 1.58% | 2.65% | - | - | - |
| Assets 1 | 144,389 | -4,228,700 | 1,198,278 | 85,479 | 161,385 | - | - | - |
| Book Value Per Share 2 | 4,419 | 3,933 | 3,232 | 3,234 | 3,339 | 3,435 | 3,578 | 3,721 |
| Cash Flow per Share | 291.0 | -139.0 | -626.0 | 164.0 | 226.0 | - | - | - |
| Capex | 7,533 | 12,984 | 4,438 | 5,028 | 5,870 | - | - | - |
| Capex / Sales | 3.01% | 5.96% | 2.75% | 3.03% | 3.2% | - | - | - |
| Announcement Date | 5/10/19 | 5/15/20 | 5/14/21 | 5/13/22 | 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
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
1,613
JPY
Average target price
1,900
JPY
Spread / Average Target
+17.79%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +8.77% | 511M | |
| -3.97% | 318M | |
| -23.41% | 195M | |
| +60.70% | 193M | |
| -0.90% | 59M |
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- Financials Aoyama Trading Co., Ltd.
