DAIHEN CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9,520 JPY | +1.82% |
|
+0.74% | +47.60% |
| Mar. 28 | DAIHEN Corporation agreed to acquire Rolan Robotics B.V. | CI |
| Feb. 12 | Daihen's Profit Up 27% in Fiscal Q1-Q3 | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 70,568 | 72,088 | 120,089 | 103,789 | 108,832 | 233,121 | - | - |
| Enterprise Value (EV) 1 | 98,294 | 89,993 | 130,167 | 106,570 | 141,721 | 280,093 | 276,616 | 271,429 |
| P/E ratio | 11.5 x | 10.8 x | 12.8 x | 9.5 x | 8.25 x | 14.4 x | 16.6 x | 13.2 x |
| Yield | 2.81% | 2.92% | 1.85% | 2.6% | 3.65% | 1.73% | 1.75% | 2.09% |
| Capitalization / Revenue | 0.49 x | 0.5 x | 0.83 x | 0.65 x | 0.59 x | 1.24 x | 1.06 x | 0.96 x |
| EV / Revenue | 0.69 x | 0.62 x | 0.9 x | 0.66 x | 0.76 x | 1.49 x | 1.26 x | 1.11 x |
| EV / EBITDA | 7.1 x | 6.16 x | 7.52 x | 5.54 x | 6.55 x | 13.6 x | 11.1 x | 8.95 x |
| EV / FCF | -17.8 x | 6.63 x | 13.1 x | 11 x | -11.9 x | 37.6 x | -61.6 x | 45.2 x |
| FCF Yield | -5.63% | 15.1% | 7.66% | 9.06% | -8.43% | 2.66% | -1.62% | 2.21% |
| Price to Book | 0.91 x | 0.9 x | 1.32 x | 1.04 x | 0.96 x | 1.88 x | 1.74 x | 1.58 x |
| Nbr of stocks (in thousands) | 24,804 | 24,807 | 24,684 | 24,536 | 24,539 | 24,488 | - | - |
| Reference price 2 | 2,845 | 2,906 | 4,865 | 4,230 | 4,435 | 9,520 | 9,520 | 9,520 |
| Announcement Date | 5/10/19 | 5/12/20 | 5/11/21 | 5/12/22 | 5/10/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 143,457 | 145,044 | 145,144 | 160,618 | 185,288 | 188,000 | 219,760 | 243,740 |
| EBITDA 1 | 13,849 | 14,603 | 17,304 | 19,227 | 21,637 | 20,592 | 24,842 | 30,342 |
| EBIT 1 | 8,369 | 9,065 | 12,183 | 14,191 | 16,568 | 15,014 | 18,614 | 23,854 |
| Operating Margin | 5.83% | 6.25% | 8.39% | 8.84% | 8.94% | 7.99% | 8.47% | 9.79% |
| Earnings before Tax (EBT) 1 | 8,576 | 9,370 | 13,125 | 15,454 | 17,884 | 20,960 | 19,735 | 25,185 |
| Net income 1 | 6,166 | 6,672 | 9,411 | 10,985 | 13,193 | 16,181 | 14,073 | 17,644 |
| Net margin | 4.3% | 4.6% | 6.48% | 6.84% | 7.12% | 8.61% | 6.4% | 7.24% |
| EPS 2 | 246.8 | 269.1 | 381.3 | 445.3 | 537.7 | 660.7 | 574.9 | 720.8 |
| Free Cash Flow 1 | -5,534 | 13,566 | 9,970 | 9,651 | -11,950 | 7,440 | -4,491 | 6,005 |
| FCF margin | -3.86% | 9.35% | 6.87% | 6.01% | -6.45% | 3.96% | -2.04% | 2.46% |
| FCF Conversion (EBITDA) | - | 92.9% | 57.62% | 50.2% | - | 36.13% | - | 19.79% |
| FCF Conversion (Net income) | - | 203.33% | 105.94% | 87.86% | - | 45.98% | - | 34.03% |
| Dividend per Share 2 | 80.00 | 85.00 | 90.00 | 110.0 | 162.0 | 164.2 | 167.0 | 199.0 |
| Announcement Date | 5/10/19 | 5/12/20 | 5/11/21 | 5/12/22 | 5/10/23 | - | - | - |
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 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 65,349 | 79,695 | 63,031 | 82,113 | 37,365 | 71,892 | 39,039 | - | 36,666 | 46,520 | 83,186 | 44,060 | 58,042 | 102,102 | 35,290 | 43,645 | 78,935 | 48,300 | 59,902 | 111,065 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | 6,557 | 11,793 | - | - | - | - | - | - |
| EBIT 1 | 3,049 | 6,016 | 3,682 | 8,501 | 3,272 | 6,379 | 3,539 | 4,273 | 1,819 | 5,535 | 7,354 | 3,847 | 5,367 | 9,214 | 772 | 4,299 | 5,071 | 2,747 | 7,371 | 10,429 |
| Operating Margin | 4.67% | 7.55% | 5.84% | 10.35% | 8.76% | 8.87% | 9.07% | - | 4.96% | 11.9% | 8.84% | 8.73% | 9.25% | 9.02% | 2.19% | 9.85% | 6.42% | 5.69% | 12.31% | 9.39% |
| Earnings before Tax (EBT) | 3,331 | 6,039 | 4,323 | 8,802 | 3,599 | 7,107 | 3,695 | - | 2,287 | 5,854 | 8,141 | 3,783 | 5,960 | 9,743 | 1,227 | 4,504 | 5,731 | 8,135 | - | - |
| Net income | 2,299 | 4,373 | 3,130 | 6,281 | 2,766 | 5,172 | 2,714 | - | 1,632 | 4,475 | 6,107 | 2,767 | 4,319 | 7,086 | 688 | 3,399 | 4,087 | 7,182 | - | - |
| Net margin | 3.52% | 5.49% | 4.97% | 7.65% | 7.4% | 7.19% | 6.95% | - | 4.45% | 9.62% | 7.34% | 6.28% | 7.44% | 6.94% | 1.95% | 7.79% | 5.18% | 14.87% | - | - |
| EPS 2 | 92.69 | 176.4 | 126.8 | 254.5 | 112.0 | 209.5 | 109.9 | - | 66.53 | 182.4 | 248.9 | 112.7 | 176.0 | 288.8 | 28.05 | 138.5 | 166.6 | 293.0 | 201.5 | - |
| Dividend per Share | 45.00 | 40.00 | 42.50 | 47.50 | - | 50.00 | - | - | - | - | 75.00 | - | - | 87.00 | - | - | 82.50 | - | - | - |
| Announcement Date | 11/8/19 | 5/12/20 | 11/6/20 | 5/11/21 | 11/2/21 | 11/2/21 | 2/2/22 | 5/12/22 | 8/2/22 | 11/2/22 | 11/2/22 | 2/3/23 | 5/10/23 | 5/10/23 | 8/2/23 | 11/2/23 | 11/2/23 | 2/2/24 | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 27,726 | 17,905 | 10,078 | 2,781 | 32,889 | 46,972 | 43,495 | 38,308 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.002 x | 1.226 x | 0.5824 x | 0.1446 x | 1.52 x | 2.281 x | 1.751 x | 1.263 x |
| Free Cash Flow 1 | -5,534 | 13,566 | 9,970 | 9,651 | -11,950 | 7,440 | -4,491 | 6,005 |
| ROE (net income / shareholders' equity) | 8% | 8.5% | 11% | 11.5% | 12.4% | 13.6% | 10.5% | 11.9% |
| ROA (Net income/ Total Assets) | 5.17% | 5.67% | 8.16% | 8.54% | 8.67% | 6.7% | 7.8% | 8.9% |
| Assets 1 | 119,161 | 117,631 | 115,384 | 128,680 | 152,209 | 241,501 | 180,424 | 198,252 |
| Book Value Per Share 2 | 3,119 | 3,237 | 3,694 | 4,063 | 4,638 | 5,069 | 5,474 | 6,009 |
| Cash Flow per Share 2 | 466.0 | 492.0 | 589.0 | 649.0 | 744.0 | 878.0 | 778.0 | 901.0 |
| Capex 1 | 7,615 | 3,491 | 3,967 | 4,420 | 4,872 | 8,000 | 7,000 | 6,250 |
| Capex / Sales | 5.31% | 2.41% | 2.73% | 2.75% | 2.63% | 4.26% | 3.19% | 2.56% |
| Announcement Date | 5/10/19 | 5/12/20 | 5/11/21 | 5/12/22 | 5/10/23 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
9,520
JPY
Average target price
9,775
JPY
Spread / Average Target
+2.68%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +47.60% | 1.48B | |
| +20.48% | 90.86B | |
| +42.83% | 24.55B | |
| +37.12% | 16.28B | |
| +22.71% | 10.21B | |
| +4.91% | 8.52B | |
| +35.20% | 8.09B | |
| +1.95% | 7.54B | |
| +161.16% | 6.83B | |
| +51.72% | 5.29B |
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