EISAI CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6,240 JPY | -0.30% |
|
+5.74% | -11.51% |
| Apr. 24 | Biogen beats quarterly profit estimates, Alzheimer's drug sales jump | RE |
| Apr. 23 | Alzheimer's drug adoption in US slowed by doctors' skepticism | RE |
Valuation
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,779,297 | 2,272,316 | 2,126,926 | 1,625,529 | 2,152,106 | 1,789,669 | - | - |
| Enterprise Value (EV) 1 | 1,624,218 | 2,106,456 | 1,967,812 | 1,410,789 | 2,010,861 | 1,617,332 | 1,605,880 | 1,584,219 |
| P/E ratio | 28.1 x | 18.7 x | 50.5 x | 33.9 x | 38.8 x | 43.8 x | 36 x | 24.6 x |
| Yield | 2.41% | 2.02% | 2.16% | 2.82% | 2.13% | 2.6% | 2.66% | 2.8% |
| Capitalization / Revenue | 2.77 x | 3.27 x | 3.29 x | 2.15 x | 2.89 x | 2.43 x | 2.3 x | 2.07 x |
| EV / Revenue | 2.53 x | 3.03 x | 3.05 x | 1.87 x | 2.7 x | 2.2 x | 2.06 x | 1.83 x |
| EV / EBITDA | 14.4 x | 13.2 x | 22.3 x | 15.3 x | 25.1 x | 18.1 x | 17 x | 13.5 x |
| EV / FCF | 19 x | 28 x | 36 x | 15.9 x | 96 x | 22.7 x | 36.7 x | 28.5 x |
| FCF Yield | 5.27% | 3.57% | 2.78% | 6.29% | 1.04% | 4.4% | 2.72% | 3.51% |
| Price to Book | 2.83 x | 3.35 x | 3.02 x | 2.17 x | 2.69 x | 2.23 x | 2.21 x | 2.14 x |
| Nbr of stocks (in thousands) | 286,383 | 286,511 | 286,686 | 286,689 | 286,795 | 286,806 | - | - |
| Reference price 2 | 6,213 | 7,931 | 7,419 | 5,670 | 7,504 | 6,240 | 6,240 | 6,240 |
| Announcement Date | 5/13/19 | 5/13/20 | 5/12/21 | 5/13/22 | 5/15/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 642,834 | 695,621 | 645,942 | 756,200 | 744,400 | 735,408 | 777,980 | 863,379 |
| EBITDA 1 | 112,995 | 159,202 | 88,065 | 92,100 | 80,000 | 89,287 | 94,423 | 117,163 |
| EBIT 1 | 86,154 | 125,502 | 51,766 | 53,700 | 40,000 | 49,586 | 61,749 | 92,079 |
| Operating Margin | 13.4% | 18.04% | 8.01% | 7.1% | 5.37% | 6.74% | 7.94% | 10.66% |
| Earnings before Tax (EBT) 1 | 89,454 | 128,063 | 52,551 | 54,500 | 45,000 | 55,509 | 69,514 | 100,234 |
| Net income 1 | 63,386 | 121,767 | 42,119 | 48,000 | 55,400 | 41,043 | 49,922 | 72,993 |
| Net margin | 9.86% | 17.5% | 6.52% | 6.35% | 7.44% | 5.58% | 6.42% | 8.45% |
| EPS 2 | 221.3 | 425.0 | 147.0 | 167.3 | 193.3 | 142.4 | 173.2 | 253.5 |
| Free Cash Flow 1 | 85,546 | 75,157 | 54,705 | 88,742 | 20,951 | 71,120 | 43,700 | 55,578 |
| FCF margin | 13.31% | 10.8% | 8.47% | 11.74% | 2.81% | 9.67% | 5.62% | 6.44% |
| FCF Conversion (EBITDA) | 75.71% | 47.21% | 62.12% | 96.35% | 26.19% | 79.65% | 46.28% | 47.44% |
| FCF Conversion (Net income) | 134.96% | 61.72% | 129.88% | 184.88% | 37.82% | 173.28% | 87.54% | 76.14% |
| Dividend per Share 2 | 150.0 | 160.0 | 160.0 | 160.0 | 160.0 | 162.1 | 166.1 | 174.6 |
| Announcement Date | 5/13/19 | 5/13/20 | 5/12/21 | 5/13/22 | 5/15/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: März | 2020 S1 | 2020 S2 | 2021 S1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 | 2026 S1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 299,300 | 396,356 | 317,044 | 163,458 | 362,352 | 203,000 | 190,900 | - | 184,262 | 174,364 | 358,626 | 187,600 | 198,200 | 196,935 | 176,618 | 373,553 | 177,702 | 187,622 | 182,000 | - | 368,000 | - | - | 440,000 |
| EBITDA 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 16,002 | 23,411 | - | - | - | - | - | - |
| EBIT 1 | 32,000 | 97,920 | 34,079 | 5,499 | 60,906 | 13,600 | -20,600 | - | 7,434 | -2,181 | 5,253 | 8,600 | 26,200 | 26,027 | 5,400 | 31,427 | 6,110 | 12,459 | 3,000 | - | 7,500 | - | - | 44,000 |
| Operating Margin | 10.69% | 24.71% | 10.75% | 3.36% | 16.81% | 6.7% | -10.79% | - | 4.03% | -1.25% | 1.46% | 4.58% | 13.22% | 13.22% | 3.06% | 8.41% | 3.44% | 6.64% | 1.65% | - | 2.04% | - | - | 10% |
| Earnings before Tax (EBT) 1 | 33,800 | 94,313 | 34,432 | 5,564 | 61,347 | 13,900 | -20,600 | - | 9,722 | -1,588 | 8,134 | 9,500 | 27,400 | 28,285 | 7,373 | 35,658 | 8,032 | 10,255 | 4,100 | - | 9,500 | - | - | 46,000 |
| Net income 1 | 27,000 | 94,767 | 25,797 | 4,025 | 46,186 | 14,200 | -12,200 | - | 26,897 | 3,568 | 30,465 | 8,600 | 16,300 | 20,339 | 2,790 | 23,129 | 5,969 | 12,722 | 2,700 | - | 6,300 | - | - | 33,700 |
| Net margin | 9.02% | 23.91% | 8.14% | 2.46% | 12.75% | 7% | -6.39% | - | 14.6% | 2.05% | 8.49% | 4.58% | 8.22% | 10.33% | 1.58% | 6.19% | 3.36% | 6.78% | 1.48% | - | 1.71% | - | - | 7.66% |
| EPS 2 | 94.20 | - | 90.01 | 14.04 | 161.1 | 49.43 | -42.72 | - | 93.81 | 12.44 | 106.2 | 30.14 | 56.92 | 70.92 | 9.720 | 80.64 | 20.82 | 44.06 | 9.400 | - | 21.90 | - | - | 117.4 |
| Dividend per Share 2 | 80.00 | - | 80.00 | - | 80.00 | - | - | 80.00 | - | - | 80.00 | - | - | - | 80.00 | 80.00 | - | 80.00 | - | 85.00 | - | - | 85.00 | - |
| Announcement Date | 10/30/19 | 5/13/20 | 11/5/20 | 11/1/21 | 11/1/21 | 2/3/22 | 5/13/22 | 5/13/22 | 8/5/22 | 11/7/22 | 11/7/22 | 2/6/23 | 5/15/23 | 8/2/23 | 11/7/23 | 11/7/23 | 2/6/24 | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 155,079 | 165,860 | 159,114 | 214,740 | 141,245 | 172,337 | 183,790 | 205,450 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 85,546 | 75,157 | 54,705 | 88,742 | 20,951 | 71,120 | 43,701 | 55,578 |
| ROE (net income / shareholders' equity) | 10.4% | 18.6% | 6.1% | 6.6% | 7.2% | 5.12% | 6.26% | 8.56% |
| ROA (Net income/ Total Assets) | 8.44% | 12% | 4.88% | 4.68% | 3.6% | 3.07% | 3.65% | 5.28% |
| Assets 1 | 751,298 | 1,014,381 | 862,462 | 1,026,549 | 1,540,117 | 1,337,653 | 1,366,667 | 1,383,496 |
| Book Value Per Share 2 | 2,193 | 2,366 | 2,453 | 2,612 | 2,789 | 2,792 | 2,825 | 2,917 |
| Cash Flow per Share 2 | 315.0 | 543.0 | 274.0 | 301.0 | 333.0 | 337.0 | 303.0 | 337.0 |
| Capex 1 | 27,622 | 50,226 | 38,100 | 40,467 | 25,269 | 35,700 | 35,600 | 37,100 |
| Capex / Sales | 4.3% | 7.22% | 5.9% | 5.35% | 3.39% | 4.85% | 4.58% | 4.3% |
| Announcement Date | 5/13/19 | 5/13/20 | 5/12/21 | 5/13/22 | 5/15/23 | - | - | - |
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
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
6,240
JPY
Average target price
8,193
JPY
Spread / Average Target
+31.30%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -11.51% | 11.37B | |
| +25.83% | 661B | |
| +27.00% | 566B | |
| -6.76% | 352B | |
| +20.34% | 332B | |
| +3.00% | 283B | |
| +13.09% | 231B | |
| +5.46% | 200B | |
| -9.61% | 195B | |
| -6.26% | 145B |
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