KANDENKO CO.,LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,806 JPY | +2.67% |
|
-1.20% | +31.06% |
Valuation
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 193,229 | 175,867 | 198,335 | 170,390 | 191,067 | 369,105 | - | - |
| Enterprise Value (EV) 1 | 154,140 | 128,871 | 151,481 | 113,581 | 141,617 | 357,456 | 309,105 | 297,000 |
| P/E ratio | 9.81 x | 7.81 x | 9.84 x | 8.39 x | 9.03 x | 13.1 x | 13.6 x | 12.7 x |
| Yield | 2.75% | 3.25% | 2.88% | 3.36% | 3.42% | 2.34% | 2.42% | 2.53% |
| Capitalization / Revenue | 0.34 x | 0.29 x | 0.36 x | 0.34 x | 0.35 x | 0.6 x | 0.6 x | 0.59 x |
| EV / Revenue | 0.27 x | 0.21 x | 0.27 x | 0.23 x | 0.26 x | 0.6 x | 0.51 x | 0.48 x |
| EV / EBITDA | 4.26 x | 3.13 x | 4.06 x | 2.98 x | 3.47 x | 7.18 x | 6 x | 5.73 x |
| EV / FCF | 8.33 x | 7.64 x | 12.7 x | 5.71 x | 173 x | 14.6 x | 10.3 x | 9.37 x |
| FCF Yield | 12% | 13.1% | 7.86% | 17.5% | 0.58% | 6.85% | 9.71% | 10.7% |
| Price to Book | 0.81 x | 0.71 x | 0.73 x | 0.6 x | 0.64 x | 1.07 x | 1.04 x | 1.02 x |
| Nbr of stocks (in thousands) | 204,259 | 204,259 | 204,258 | 204,305 | 204,350 | 204,377 | - | - |
| Reference price 2 | 946.0 | 861.0 | 971.0 | 834.0 | 935.0 | 1,806 | 1,806 | 1,806 |
| Announcement Date | 4/26/19 | 4/28/20 | 4/28/21 | 4/28/22 | 4/28/23 | 4/26/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 563,550 | 616,143 | 556,045 | 495,567 | 541,579 | 598,427 | 611,333 | 621,025 |
| EBITDA 1 | 36,200 | 41,150 | 37,287 | 38,078 | 40,781 | 49,793 | 51,500 | 51,800 |
| EBIT 1 | 30,012 | 34,693 | 30,041 | 30,643 | 32,748 | 40,934 | 40,325 | 42,300 |
| Operating Margin | 5.33% | 5.63% | 5.4% | 6.18% | 6.05% | 6.84% | 6.6% | 6.81% |
| Earnings before Tax (EBT) 1 | 29,904 | 34,490 | 30,251 | 30,978 | 32,507 | 45,017 | 42,267 | 44,100 |
| Net income 1 | 19,703 | 22,515 | 20,147 | 20,315 | 21,167 | 27,345 | 27,180 | 29,175 |
| Net margin | 3.5% | 3.65% | 3.62% | 4.1% | 3.91% | 4.57% | 4.45% | 4.7% |
| EPS 2 | 96.46 | 110.2 | 98.64 | 99.45 | 103.6 | 133.8 | 133.0 | 142.7 |
| Free Cash Flow 1 | 18,499 | 16,860 | 11,901 | 19,909 | 820 | 21,400 | 30,000 | 31,700 |
| FCF margin | 3.28% | 2.74% | 2.14% | 4.02% | 0.15% | 3.73% | 4.91% | 5.1% |
| FCF Conversion (EBITDA) | 51.1% | 40.97% | 31.92% | 52.28% | 2.01% | 48.86% | 58.25% | 61.2% |
| FCF Conversion (Net income) | 93.89% | 74.88% | 59.07% | 98% | 3.87% | 84.45% | 110.38% | 108.65% |
| Dividend per Share 2 | 26.00 | 28.00 | 28.00 | 28.00 | 32.00 | 41.00 | 43.67 | 45.75 |
| Announcement Date | 4/26/19 | 4/28/20 | 4/28/21 | 4/28/22 | 4/28/23 | 4/26/24 | - | - |
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 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 278,993 | - | 253,813 | 302,232 | 112,254 | 220,331 | 123,453 | 151,783 | 275,236 | 109,018 | 124,675 | 233,693 | 133,808 | 174,078 | 307,886 | 118,782 | 143,039 | 261,821 | 141,536 | 195,070 | 123,700 | 152,700 | 150,700 | 198,900 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 15,247 | 19,446 | 13,448 | 16,593 | 6,485 | 13,452 | 7,160 | 10,031 | 17,191 | 5,852 | 7,778 | 13,630 | 7,791 | 11,327 | 19,118 | 6,767 | 8,978 | 15,745 | 9,187 | 16,002 | 7,300 | 10,500 | 10,600 | - |
| Operating Margin | 5.47% | - | 5.3% | 5.49% | 5.78% | 6.11% | 5.8% | 6.61% | 6.25% | 5.37% | 6.24% | 5.83% | 5.82% | 6.51% | 6.21% | 5.7% | 6.28% | 6.01% | 6.49% | 8.2% | 5.9% | 6.88% | 7.03% | - |
| Earnings before Tax (EBT) | 15,715 | - | 13,556 | 16,695 | 6,310 | 13,748 | 7,794 | 9,436 | 17,230 | 6,544 | 7,993 | 14,537 | 7,944 | 10,026 | 17,970 | 7,655 | 9,086 | 16,741 | 15,193 | - | - | - | - | - |
| Net income 1 | 9,936 | - | 8,837 | 11,310 | 4,097 | 8,861 | 5,089 | 6,365 | 11,454 | 4,309 | 5,199 | 9,508 | 5,234 | 6,425 | 11,659 | 5,069 | 6,034 | 11,103 | 8,944 | 7,298 | 5,400 | 7,300 | 8,100 | 9,700 |
| Net margin | 3.56% | - | 3.48% | 3.74% | 3.65% | 4.02% | 4.12% | 4.19% | 4.16% | 3.95% | 4.17% | 4.07% | 3.91% | 3.69% | 3.79% | 4.27% | 4.22% | 4.24% | 6.32% | 3.74% | 4.37% | 4.78% | 5.37% | 4.88% |
| EPS | 48.65 | - | 43.26 | - | - | 43.38 | 24.91 | - | - | 21.09 | - | 46.54 | 25.61 | - | - | 24.81 | - | 54.33 | 43.77 | - | - | - | - | - |
| Dividend per Share | 15.00 | 13.00 | 14.00 | - | - | 14.00 | - | - | 14.00 | - | - | 15.00 | - | - | 17.00 | - | - | 17.00 | - | - | - | - | - | - |
| Announcement Date | 10/31/19 | 4/28/20 | 10/30/20 | 4/28/21 | 10/29/21 | 10/29/21 | 1/31/22 | 4/28/22 | 4/28/22 | 7/29/22 | 10/31/22 | 10/31/22 | 1/30/23 | 4/28/23 | 4/28/23 | 7/31/23 | 10/31/23 | 10/31/23 | 1/31/24 | 4/26/24 | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 39,089 | 46,996 | 46,854 | 56,809 | 49,450 | 56,612 | 60,000 | 72,106 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 18,499 | 16,860 | 11,901 | 19,909 | 820 | 21,400 | 30,000 | 31,700 |
| ROE (net income / shareholders' equity) | 8.5% | 9.3% | 7.8% | 7.3% | 7.3% | 8.6% | 8.37% | 8.37% |
| ROA (Net income/ Total Assets) | 6.82% | 7.5% | 6.57% | 6.84% | 7.1% | 8.08% | 5.87% | 5.2% |
| Assets 1 | 289,069 | 300,249 | 306,881 | 296,838 | 297,936 | 338,255 | 463,295 | 561,058 |
| Book Value Per Share 2 | 1,167 | 1,211 | 1,324 | 1,390 | 1,460 | 1,634 | 1,729 | 1,772 |
| Cash Flow per Share 2 | 127.0 | 142.0 | 134.0 | 136.0 | 143.0 | 177.0 | 193.0 | 193.0 |
| Capex 1 | 9,752 | 12,295 | 7,317 | 9,125 | 9,663 | 6,000 | 9,000 | 9,000 |
| Capex / Sales | 1.73% | 2% | 1.32% | 1.84% | 1.78% | 1.04% | 1.47% | 1.45% |
| Announcement Date | 4/26/19 | 4/28/20 | 4/28/21 | 4/28/22 | 4/28/23 | 4/26/24 | - | - |
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
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
1,806
JPY
Average target price
1,670
JPY
Spread / Average Target
-7.53%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +31.06% | 2.28B | |
| -3.03% | 67.26B | |
| +1.90% | 59.19B | |
| +18.63% | 37.85B | |
| +11.43% | 30.82B | |
| +2.36% | 26.47B | |
| +15.67% | 20.73B | |
| +12.77% | 18.95B | |
| +21.84% | 16.96B | |
| +64.90% | 16.79B |
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