Financials Kanematsu Corporation

Equities

8020

JP3217100001

Diversified Industrial Goods Wholesale

Market Closed - Japan Exchange 02:00:00 2024-05-02 am EDT 5-day change 1st Jan Change
2,568 JPY +1.02% Intraday chart for Kanematsu Corporation +3.09% +24.36%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 105,626 92,615 124,097 112,078 137,180 214,577 - -
Enterprise Value (EV) 1 156,188 162,455 182,536 180,940 306,287 214,577 214,577 214,577
P/E ratio 6.38 x 6.43 x 9.32 x 7.01 x 7.38 x 8.76 x 7.95 x 7.53 x
Yield 4.74% 5.41% 4.04% 4.84% 4.57% 3.7% 4.28% 4.48%
Capitalization / Revenue 0.15 x 0.13 x 0.19 x 0.15 x 0.15 x 1.51 x 1.47 x 1.43 x
EV / Revenue 0.15 x 0.13 x 0.19 x 0.15 x 0.15 x 1.51 x 1.47 x 1.43 x
EV / EBITDA 3,141,488 x 2,467,884 x 3,526,489 x 2,694,894 x 2,604,318 x - - -
EV / FCF 5,148,733 x 6,594,614 x 4,059,044 x 23,180,551 x -20,687,655 x - - -
FCF Yield 0% 0% 0% 0% -0% - - -
Price to Book 0.84 x 0.71 x 0.86 x 0.7 x 1.07 x 1.4 x 1.21 x -
Nbr of stocks (in thousands) 83,499 83,512 83,511 83,516 83,544 83,558 - -
Reference price 2 1,265 1,109 1,486 1,342 1,642 2,568 2,568 2,568
Announcement Date 5/10/19 5/8/20 5/7/21 5/10/22 5/9/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 723,849 721,802 649,142 767,963 911,408 142,000 145,600 149,800
EBITDA 33,623 37,528 35,190 41,589 52,674 - - -
EBIT 1 30,349 28,352 23,635 29,347 38,896 44,000 45,600 47,800
Operating Margin 4.19% 3.93% 3.64% 3.82% 4.27% 30.99% 31.32% 31.91%
Earnings before Tax (EBT) 1 29,177 26,944 23,580 28,765 35,696 43,000 44,600 -
Net income 1 16,605 14,399 13,315 15,986 18,575 24,500 27,000 28,500
Net margin 2.29% 1.99% 2.05% 2.08% 2.04% 17.25% 18.54% 19.03%
EPS 2 198.2 172.4 159.4 191.4 222.4 293.2 323.1 341.1
Free Cash Flow 20,515 14,044 30,573 4,835 -6,631 - - -
FCF margin 2.83% 1.95% 4.71% 0.63% -0.73% - - -
FCF Conversion (EBITDA) 61.01% 37.42% 86.88% 11.63% - - - -
FCF Conversion (Net income) 123.55% 97.53% 229.61% 30.25% - - - -
Dividend per Share 2 60.00 60.00 60.00 65.00 75.00 95.00 110.0 115.0
Announcement Date 5/10/19 5/8/20 5/7/21 5/10/22 5/9/23 - - -
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 2024 Q4
Net sales 356,955 304,879 - 364,138 196,803 - 214,466 - 449,459 228,264 - 224,492 - 474,129 251,916 -
EBITDA - - - - - - - - - - - - - - - -
EBIT 14,698 9,970 - 14,242 6,852 - 9,450 - 22,052 7,582 - 9,567 - 22,407 10,725 -
Operating Margin 4.12% 3.27% - 3.91% 3.48% - 4.41% - 4.91% 3.32% - 4.26% - 4.73% 4.26% -
Earnings before Tax (EBT) 14,220 9,582 - 13,554 6,981 - 9,357 - 21,382 7,036 - 8,872 - 20,373 7,507 -
Net income 1 7,810 5,874 4,032 7,285 4,727 3,974 6,300 5,912 12,212 3,311 3,052 5,440 6,899 12,339 4,216 7,900
Net margin 2.19% 1.93% - 2% 2.4% - 2.94% - 2.72% 1.45% - 2.42% - 2.6% 1.67% -
EPS 93.53 70.34 - 87.24 56.60 - 75.99 - 146.2 39.63 - 65.12 - 147.7 50.46 -
Dividend per Share 30.00 30.00 - 30.00 - - - - 37.50 - - - - 45.00 - -
Announcement Date 10/31/19 10/30/20 11/2/21 11/2/21 2/4/22 5/10/22 8/3/22 11/4/22 11/4/22 2/7/23 5/9/23 8/3/23 11/2/23 11/2/23 2/6/24 -
1JPY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 50,562 69,840 58,439 68,862 169,107 - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) 1.504 x 1.861 x 1.661 x 1.656 x 3.21 x - - -
Free Cash Flow 20,515 14,044 30,573 4,835 -6,631 - - -
ROE (net income / shareholders' equity) 13.8% 11.2% 9.7% 10.5% 12.9% 17.4% 16.4% -
ROA (Net income/ Total Assets) 5.46% 4.89% 4.25% 4.83% 5.44% - - -
Assets 1 304,290 294,225 313,159 331,210 341,372 - - -
Book Value Per Share 2 1,500 1,567 1,723 1,910 1,538 1,834 2,116 -
Cash Flow per Share 237.0 282.0 298.0 338.0 387.0 - - -
Capex 4,183 8,495 6,411 4,837 6,335 - - -
Capex / Sales 0.58% 1.18% 0.99% 0.63% 0.7% - - -
Announcement Date 5/10/19 5/8/20 5/7/21 5/10/22 5/9/23 - - -
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
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
2,568 JPY
Average target price
2,750 JPY
Spread / Average Target
+7.09%
Consensus
  1. Stock Market
  2. Equities
  3. 8020 Stock
  4. Financials Kanematsu Corporation