JEOL LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6,259 JPY | -0.33% |
|
-1.99% | +1.11% |
| 2023 | JEOL Ltd. acquired 14.9% stake in Japan Superconductor Technology, Inc. from Kobe Steel, Ltd.. | CI |
| 2023 | JEOL Ltd. Reports Earnings Results for the Full Year Ended March 31, 2023 | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 96,242 | 127,403 | 212,117 | 350,439 | 216,723 | 319,735 | - | - |
| Enterprise Value (EV) 1 | 108,202 | 140,838 | 230,086 | 323,322 | 194,945 | 305,767 | 293,111 | 283,659 |
| P/E ratio | 16.2 x | 23.8 x | 56.6 x | 27.8 x | 12.2 x | 17.5 x | 15.1 x | 12.7 x |
| Yield | 1.05% | 0.91% | 0.55% | 0.73% | 1.55% | 1.18% | 1.45% | 1.65% |
| Capitalization / Revenue | 0.86 x | 1.09 x | 1.92 x | 2.53 x | 1.33 x | 1.85 x | 1.73 x | 1.61 x |
| EV / Revenue | 0.97 x | 1.2 x | 2.08 x | 2.34 x | 1.2 x | 1.77 x | 1.59 x | 1.42 x |
| EV / EBITDA | 11.5 x | 13.3 x | 24.4 x | 17.5 x | 6.7 x | 10.6 x | 8.61 x | 7.25 x |
| EV / FCF | 55.3 x | -71.5 x | -54.7 x | 14.7 x | -81.8 x | 21.2 x | 17.9 x | 15.9 x |
| FCF Yield | 1.81% | -1.4% | -1.83% | 6.79% | -1.22% | 4.71% | 5.6% | 6.28% |
| Price to Book | 2.31 x | 2.83 x | 4.16 x | 4.08 x | 2.13 x | 2.7 x | 2.4 x | 2.1 x |
| Nbr of stocks (in thousands) | 48,314 | 48,314 | 48,318 | 51,010 | 51,054 | 51,084 | - | - |
| Reference price 2 | 1,992 | 2,637 | 4,390 | 6,870 | 4,245 | 6,259 | 6,259 | 6,259 |
| Announcement Date | 5/15/19 | 5/15/20 | 5/14/21 | 5/13/22 | 5/12/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 111,289 | 117,243 | 110,439 | 138,408 | 162,689 | 172,856 | 184,664 | 199,187 |
| EBITDA 1 | 9,425 | 10,590 | 9,440 | 18,478 | 29,077 | 28,916 | 34,048 | 39,133 |
| EBIT 1 | 6,670 | 7,030 | 5,224 | 14,144 | 24,155 | 24,317 | 28,762 | 33,494 |
| Operating Margin | 5.99% | 6% | 4.73% | 10.22% | 14.85% | 14.07% | 15.58% | 16.82% |
| Earnings before Tax (EBT) 1 | 7,514 | 7,451 | 5,614 | 16,651 | 23,715 | 26,161 | 29,867 | 34,887 |
| Net income 1 | 5,940 | 5,359 | 3,745 | 12,278 | 17,830 | 18,235 | 21,170 | 25,091 |
| Net margin | 5.34% | 4.57% | 3.39% | 8.87% | 10.96% | 10.55% | 11.46% | 12.6% |
| EPS 2 | 123.0 | 110.9 | 77.51 | 246.8 | 349.3 | 357.2 | 414.6 | 491.4 |
| Free Cash Flow 1 | 1,957 | -1,971 | -4,206 | 21,955 | -2,383 | 14,400 | 16,400 | 17,800 |
| FCF margin | 1.76% | -1.68% | -3.81% | 15.86% | -1.46% | 8.33% | 8.88% | 8.94% |
| FCF Conversion (EBITDA) | 20.76% | - | - | 118.82% | - | 49.8% | 48.17% | 45.49% |
| FCF Conversion (Net income) | 32.95% | - | - | 178.82% | - | 78.97% | 77.47% | 70.94% |
| Dividend per Share 2 | 21.00 | 24.00 | 24.00 | 50.00 | 66.00 | 74.00 | 90.60 | 103.2 |
| Announcement Date | 5/15/19 | 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 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 51,112 | 66,131 | 49,388 | 61,051 | 29,574 | 53,368 | 37,449 | 47,591 | 85,040 | 28,856 | 35,887 | 64,743 | 42,952 | 54,994 | 97,946 | 28,671 | 40,047 | 68,718 | 38,159 | 63,588 | 103,932 | 32,529 | 40,296 | 72,000 | 47,825 | 60,000 | 108,000 |
| EBITDA 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8,478 | - | 6,032 | 11,069 | - | 3,947 | 7,065 | - | 10,451 | - | - |
| EBIT 1 | 1,467 | 5,563 | 2,468 | 2,756 | 2,804 | 3,676 | 5,110 | 5,358 | 10,468 | 1,914 | 4,995 | 6,909 | 10,518 | 6,728 | 17,246 | 1,042 | 7,249 | 8,291 | 4,960 | 10,338 | 16,459 | 2,254 | 6,626 | 8,600 | 9,012 | 9,400 | 18,200 |
| Operating Margin | 2.87% | 8.41% | 5% | 4.51% | 9.48% | 6.89% | 13.65% | 11.26% | 12.31% | 6.63% | 13.92% | 10.67% | 24.49% | 12.23% | 17.61% | 3.63% | 18.1% | 12.07% | 13% | 16.26% | 15.84% | 6.93% | 16.44% | 11.94% | 18.84% | 15.67% | 16.85% |
| Earnings before Tax (EBT) 1 | 1,953 | - | 2,895 | 2,719 | 3,672 | 4,766 | 5,380 | 6,505 | 11,885 | 4,281 | 5,366 | 9,647 | 8,171 | - | - | 2,650 | 7,592 | 10,242 | 3,985 | 8,258 | 16,308 | 1,250 | 7,450 | 8,700 | 8,850 | 9,450 | 18,300 |
| Net income 1 | 1,229 | 4,130 | 1,932 | 1,813 | 2,902 | 3,665 | 3,666 | 4,947 | 8,613 | 3,215 | 4,014 | 7,229 | 6,037 | 4,564 | 10,601 | 1,724 | 5,792 | 7,516 | 2,630 | 7,074 | 11,424 | 1,589 | 4,497 | 6,264 | 6,652 | 6,804 | 13,176 |
| Net margin | 2.4% | 6.25% | 3.91% | 2.97% | 9.81% | 6.87% | 9.79% | 10.39% | 10.13% | 11.14% | 11.19% | 11.17% | 14.06% | 8.3% | 10.82% | 6.01% | 14.46% | 10.94% | 6.89% | 11.12% | 10.99% | 4.89% | 11.16% | 8.7% | 13.91% | 11.34% | 12.2% |
| EPS 2 | 25.45 | 85.49 | 40.00 | 37.51 | 59.76 | 75.56 | 73.01 | 98.21 | 171.2 | 63.03 | 78.64 | 141.7 | 118.3 | 89.40 | 207.7 | 33.77 | 113.4 | 147.2 | 51.48 | 146.6 | 223.8 | 31.43 | 88.54 | 122.6 | 130.7 | 133.2 | 257.9 |
| Dividend per Share 2 | 12.00 | - | 12.00 | 12.00 | 14.00 | 14.00 | - | 36.00 | 36.00 | - | 30.00 | 30.00 | - | 36.00 | 36.00 | - | 33.00 | 33.00 | - | 41.00 | 41.00 | - | 40.00 | 40.00 | - | 40.00 | 40.00 |
| Announcement Date | 11/8/19 | 5/15/20 | 11/6/20 | 5/14/21 | 11/5/21 | 11/5/21 | 2/4/22 | 5/13/22 | 5/13/22 | 8/12/22 | 11/11/22 | 11/11/22 | 2/10/23 | 5/12/23 | 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 | 11,960 | 13,435 | 17,969 | - | - | - | - | - |
| Net Cash position 1 | - | - | - | 27,117 | 21,778 | 13,968 | 26,625 | 36,077 |
| Leverage (Debt/EBITDA) | 1.269 x | 1.269 x | 1.903 x | - | - | - | - | - |
| Free Cash Flow 1 | 1,957 | -1,971 | -4,206 | 21,955 | -2,383 | 14,400 | 16,400 | 17,800 |
| ROE (net income / shareholders' equity) | 15% | 12.4% | 7.8% | 17.9% | 19% | 16.4% | 16.1% | 17.1% |
| ROA (Net income/ Total Assets) | 6.27% | 5.55% | 4.63% | 9.71% | 12.1% | 12.1% | 12.8% | 15.4% |
| Assets 1 | 94,780 | 96,516 | 80,954 | 126,427 | 147,505 | 150,774 | 164,860 | 162,826 |
| Book Value Per Share 2 | 861.0 | 933.0 | 1,056 | 1,684 | 1,996 | 2,318 | 2,609 | 2,976 |
| Cash Flow per Share 2 | 180.0 | 177.0 | 153.0 | 329.0 | 441.0 | 446.0 | 472.0 | 597.0 |
| Capex 1 | 2,800 | 2,637 | 7,564 | 6,893 | 3,665 | 5,400 | 5,600 | 5,900 |
| Capex / Sales | 2.52% | 2.25% | 6.85% | 4.98% | 2.25% | 3.12% | 3.03% | 2.96% |
| Announcement Date | 5/15/19 | 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
Sell
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
6,259
JPY
Average target price
7,750
JPY
Spread / Average Target
+23.82%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +1.11% | 2.03B | |
| +7.13% | 7.91B | |
| -3.15% | 4.66B | |
| -9.18% | 2.84B | |
| -26.56% | 1.12B | |
| -11.09% | 816M | |
| -13.49% | 755M | |
| -22.71% | 759M | |
| -56.85% | 682M | |
| -24.66% | 671M |
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- Financials JEOL Ltd.
