JAPAN DISPLAY INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 20 JPY | 0.00% |
|
0.00% | -4.76% |
| Apr. 17 | Japanese Shares Slide Below 38,000 as US Fed Rate Cut Hopes Wane | MT |
| Apr. 17 | Japan Display Ramps Up Production of Organic LED Technology Ahead of December Launch; Shares Climb 11% | MT |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 116,072 | 58,385 | 124,370 | 126,632 | 244,632 | 247,549 |
| Enterprise Value (EV) 1 | 223,268 | 175,240 | 153,433 | 166,031 | 266,065 | 221,329 |
| P/E ratio | -0.48 x | -0.54 x | -0.42 x | -2.68 x | -23.1 x | -7.32 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 0.16 x | 0.09 x | 0.25 x | 0.37 x | 0.83 x | 0.91 x |
| EV / Revenue | 0.31 x | 0.28 x | 0.3 x | 0.49 x | 0.9 x | 0.82 x |
| EV / EBITDA | 8.54 x | 11.1 x | -7.85 x | -13.3 x | 1,663 x | -6.11 x |
| EV / FCF | 9.05 x | -4.08 x | -2.23 x | -1.9 x | -12.4 x | -7.16 x |
| FCF Yield | 11% | -24.5% | -44.9% | -52.7% | -8.03% | -14% |
| Price to Book | 1.63 x | -52.6 x | 2.43 x | 4.18 x | 3.36 x | 1.99 x |
| Nbr of stocks (in thousands) | 601,412 | 846,166 | 2,538,166 | 2,638,166 | 5,096,495 | 6,188,718 |
| Reference price 2 | 193.0 | 69.00 | 49.00 | 48.00 | 48.00 | 40.00 |
| Announcement Date | 6/19/18 | 6/19/19 | 8/28/20 | 6/28/21 | 6/27/22 | 6/26/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 718,991 | 636,661 | 504,022 | 341,694 | 295,946 | 270,746 |
| EBITDA 1 | 26,131 | 15,734 | -19,549 | -12,504 | 160 | -36,198 |
| EBIT 1 | -64,117 | -28,012 | -40,209 | -27,214 | -8,631 | -44,455 |
| Operating Margin | -8.92% | -4.4% | -7.98% | -7.96% | -2.92% | -16.42% |
| Earnings before Tax (EBT) 1 | -230,482 | -103,840 | -98,448 | -41,717 | -5,813 | -21,893 |
| Net income 1 | -239,656 | -106,585 | -101,417 | -42,696 | -8,096 | -25,818 |
| Net margin | -33.33% | -16.74% | -20.12% | -12.5% | -2.74% | -9.54% |
| EPS 2 | -398.5 | -128.4 | -116.6 | -17.93 | -2.078 | -5.462 |
| Free Cash Flow 1 | 24,664 | -42,911 | -68,941 | -87,512 | -21,377 | -30,906 |
| FCF margin | 3.43% | -6.74% | -13.68% | -25.61% | -7.22% | -11.42% |
| FCF Conversion (EBITDA) | 94.39% | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 6/19/18 | 6/19/19 | 8/28/20 | 6/28/21 | 6/27/22 | 6/26/23 |
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 | 237,762 | 199,795 | 71,899 | 137,860 | 71,658 | 86,428 | 57,099 | 81,197 | 138,296 | 69,736 | 62,714 | 52,996 | 66,886 | 119,882 | 60,492 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | -35,169 | -9,879 | -1,161 | -7,033 | -3,084 | 1,541 | -6,872 | -4,907 | -11,779 | -10,601 | -22,006 | -13,883 | -7,558 | -21,441 | -6,223 |
| Operating Margin | -14.79% | -4.94% | -1.61% | -5.1% | -4.3% | 1.78% | -12.04% | -6.04% | -8.52% | -15.2% | -35.09% | -26.2% | -11.3% | -17.89% | -10.29% |
| Earnings before Tax (EBT) 1 | -103,025 | -35,483 | - | -8,009 | 2,836 | - | -4,397 | - | -8,561 | -5,150 | - | -12,085 | - | -28,209 | -9,148 |
| Net income 1 | -104,159 | -36,286 | - | -8,753 | 2,423 | - | -5,074 | - | -11,633 | -5,751 | - | -12,248 | - | -28,707 | -9,277 |
| Net margin | -43.81% | -18.16% | - | -6.35% | 3.38% | - | -8.89% | - | -8.41% | -8.25% | - | -23.11% | - | -23.95% | -15.34% |
| EPS 2 | -123.1 | -15.59 | -0.2800 | -2.960 | 1.260 | -0.3800 | -1.080 | -1.390 | -2.470 | -1.220 | -1.770 | -1.980 | -2.660 | -4.640 | -1.500 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/13/19 | 11/13/20 | 11/12/21 | 11/12/21 | 2/10/22 | 5/13/22 | 8/9/22 | 11/10/22 | 11/10/22 | 2/10/23 | 5/12/23 | 8/9/23 | 11/10/23 | 11/10/23 | 2/9/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 107,196 | 116,855 | 29,063 | 39,399 | 21,433 | - |
| Net Cash position 1 | - | - | - | - | - | 26,220 |
| Leverage (Debt/EBITDA) | 4.102 x | 7.427 x | -1.487 x | -3.151 x | 134 x | - |
| Free Cash Flow 1 | 24,665 | -42,911 | -68,941 | -87,512 | -21,377 | -30,906 |
| ROE (net income / shareholders' equity) | -125% | -288% | -373% | -89.6% | -13.9% | -26.2% |
| ROA (Net income/ Total Assets) | -5.33% | -3.06% | -5.41% | -5.53% | -2.23% | -11.6% |
| Assets 1 | 4,500,244 | 3,480,781 | 1,873,028 | 771,577 | 362,659 | 223,467 |
| Book Value Per Share 2 | 119.0 | -1.310 | 20.10 | 11.50 | 14.30 | 20.10 |
| Cash Flow per Share 2 | 134.0 | 81.50 | 26.30 | 16.20 | 10.30 | 4.240 |
| Capex 1 | 48,517 | 43,793 | 16,075 | 7,039 | 7,163 | 8,630 |
| Capex / Sales | 6.75% | 6.88% | 3.19% | 2.06% | 2.42% | 3.19% |
| Announcement Date | 6/19/18 | 6/19/19 | 8/28/20 | 6/28/21 | 6/27/22 | 6/26/23 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -4.76% | 786M | |
| +2.89% | 26.8B | |
| +14.65% | 12.48B | |
| +15.48% | 7.97B | |
| +0.55% | 4.29B | |
| -10.70% | 4.15B | |
| -1.75% | 3.91B | |
| -19.00% | 3.75B | |
| +15.41% | 3.86B | |
| -24.98% | 2.71B |
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