ARGO GRAPHICS INC. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,055 JPY | +2.01% |
|
+0.37% | +10.64% |
| 2023 | ARGO GRAPHICS Inc. agreed to acquire Wide Soft Design Co., Ltd. | CI |
| 2023 | ARGO GRAPHICS Inc. Reports Earnings Results for the Full Year Ended March 31, 2023 | CI |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 36,781 | 50,309 | 75,706 | 67,809 | 65,426 | 78,451 |
| Enterprise Value (EV) 1 | 21,932 | 33,348 | 54,107 | 45,160 | 39,216 | 50,364 |
| P/E ratio | 14.2 x | 14.3 x | 18 x | 17.1 x | 14.5 x | 14.5 x |
| Yield | 2.12% | 1.91% | 1.69% | 1.89% | 2.06% | 1.98% |
| Capitalization / Revenue | 0.92 x | 1.11 x | 1.57 x | 1.56 x | 1.42 x | 1.47 x |
| EV / Revenue | 0.55 x | 0.74 x | 1.12 x | 1.04 x | 0.85 x | 0.94 x |
| EV / EBITDA | 5.32 x | 6.27 x | 8.18 x | 7.55 x | 5.78 x | 6.31 x |
| EV / FCF | 23.9 x | 8.5 x | 9.78 x | 24.6 x | 7.45 x | 25.3 x |
| FCF Yield | 4.18% | 11.8% | 10.2% | 4.07% | 13.4% | 3.95% |
| Price to Book | 1.49 x | 3.65 x | 2.47 x | 1.95 x | 1.73 x | 1.88 x |
| Nbr of stocks (in thousands) | 21,353 | 21,354 | 21,356 | 21,357 | 21,381 | 21,318 |
| Reference price 2 | 1,722 | 2,356 | 3,545 | 3,175 | 3,060 | 3,680 |
| Announcement Date | 6/22/18 | 6/21/19 | 6/19/20 | 6/18/21 | 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 | 40,176 | 45,174 | 48,192 | 43,416 | 46,188 | 53,347 |
| EBITDA 1 | 4,120 | 5,319 | 6,612 | 5,981 | 6,790 | 7,981 |
| EBIT 1 | 3,752 | 4,952 | 6,266 | 5,639 | 6,602 | 7,774 |
| Operating Margin | 9.34% | 10.96% | 13% | 12.99% | 14.29% | 14.57% |
| Earnings before Tax (EBT) 1 | 4,025 | 5,241 | 6,548 | 5,923 | 6,927 | 8,128 |
| Net income 1 | 2,582 | 3,530 | 4,214 | 3,961 | 4,517 | 5,420 |
| Net margin | 6.43% | 7.81% | 8.74% | 9.12% | 9.78% | 10.16% |
| EPS 2 | 120.9 | 165.3 | 197.3 | 185.5 | 211.3 | 254.0 |
| Free Cash Flow 1 | 916 | 3,923 | 5,531 | 1,838 | 5,266 | 1,988 |
| FCF margin | 2.28% | 8.68% | 11.48% | 4.23% | 11.4% | 3.73% |
| FCF Conversion (EBITDA) | 22.23% | 73.75% | 83.65% | 30.74% | 77.56% | 24.91% |
| FCF Conversion (Net income) | 35.48% | 111.13% | 131.26% | 46.41% | 116.59% | 36.67% |
| Dividend per Share 2 | 36.50 | 45.00 | 60.00 | 60.00 | 63.00 | 73.00 |
| Announcement Date | 6/22/18 | 6/21/19 | 6/19/20 | 6/18/21 | 6/24/22 | 6/23/23 |
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 S1 | 2023 Q3 | 2024 Q1 | 2024 S1 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 24,151 | 21,106 | 11,215 | 23,434 | 9,910 | 12,844 | 14,056 | 25,035 | 10,868 | 14,461 | 28,366 | 13,820 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 3,305 | 2,917 | 1,471 | 3,220 | 1,352 | 2,029 | 2,065 | 3,740 | 1,551 | 2,227 | 4,488 | 2,232 |
| Operating Margin | 13.68% | 13.82% | 13.12% | 13.74% | 13.64% | 15.8% | 14.69% | 14.94% | 14.27% | 15.4% | 15.82% | 16.15% |
| Earnings before Tax (EBT) 1 | 3,451 | 2,994 | 1,510 | 3,358 | 1,433 | 2,138 | 2,167 | 3,904 | 1,653 | 2,371 | 4,689 | 2,328 |
| Net income 1 | 2,231 | 1,963 | 1,006 | 2,238 | 789 | 1,490 | 1,423 | 2,579 | 1,067 | 1,578 | 3,114 | 1,538 |
| Net margin | 9.24% | 9.3% | 8.97% | 9.55% | 7.96% | 11.6% | 10.12% | 10.3% | 9.82% | 10.91% | 10.98% | 11.13% |
| EPS 2 | 104.5 | 91.95 | 47.05 | 104.8 | 36.89 | 69.71 | 66.61 | 120.8 | 50.06 | 74.02 | 146.1 | 72.21 |
| Dividend per Share | 25.00 | 30.00 | - | 30.00 | - | - | - | 33.00 | - | - | 40.00 | - |
| Announcement Date | 11/1/19 | 10/30/20 | 10/29/21 | 10/29/21 | 1/28/22 | 5/13/22 | 7/29/22 | 10/28/22 | 1/27/23 | 7/28/23 | 10/27/23 | 1/26/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 14,849 | 16,961 | 21,599 | 22,649 | 26,210 | 28,087 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 916 | 3,923 | 5,531 | 1,838 | 5,266 | 1,988 |
| ROE (net income / shareholders' equity) | 10.7% | 13.2% | 14.4% | 11.9% | 12.4% | 13.4% |
| ROA (Net income/ Total Assets) | 6.4% | 7.44% | 8.4% | 6.99% | 7.41% | 7.82% |
| Assets 1 | 40,334 | 47,459 | 50,139 | 56,677 | 60,984 | 69,348 |
| Book Value Per Share 2 | 1,158 | 645.0 | 1,433 | 1,624 | 1,769 | 1,961 |
| Cash Flow per Share 2 | 611.0 | 397.0 | 1,011 | 1,037 | 1,226 | 1,261 |
| Capex 1 | 97 | 49 | 34 | 38 | 50 | 315 |
| Capex / Sales | 0.24% | 0.11% | 0.07% | 0.09% | 0.11% | 0.59% |
| Announcement Date | 6/22/18 | 6/21/19 | 6/19/20 | 6/18/21 | 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. | |
|---|---|---|
| +10.64% | 540M | |
| -7.12% | 31.67B | |
| -6.53% | 8.93B | |
| +8.31% | 7.51B | |
| +3.68% | 4.95B | |
| -44.61% | 4.54B | |
| +12.57% | 3B | |
| +10.17% | 2.45B | |
| -10.53% | 2.44B | |
| -10.97% | 2.17B |
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