Financials MEISEI INDUSTRIAL Co.,Ltd.

Equities

1976

JP3918200001

Construction & Engineering

Delayed Japan Exchange 02:00:00 2024-05-01 am EDT 5-day change 1st Jan Change
1,332 JPY -1.19% Intraday chart for MEISEI INDUSTRIAL Co.,Ltd. +8.38% +24.14%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 37,506 38,919 37,629 39,736 34,343 38,545
Enterprise Value (EV) 1 18,367 18,777 18,898 17,872 7,811 10,028
P/E ratio 8.62 x 7.67 x 8.07 x 8.64 x 9.25 x 8.23 x
Yield 3.6% 4.02% 4.09% 3.87% 4.35% 4.65%
Capitalization / Revenue 0.68 x 0.74 x 0.71 x 0.79 x 0.71 x 0.69 x
EV / Revenue 0.33 x 0.36 x 0.36 x 0.35 x 0.16 x 0.18 x
EV / EBITDA 2.68 x 2.44 x 2.71 x 2.47 x 1.28 x 1.35 x
EV / FCF 2.22 x 8.2 x 150 x 4.39 x 1.14 x 3.3 x
FCF Yield 45% 12.2% 0.66% 22.8% 87.8% 30.3%
Price to Book 0.83 x 0.81 x 0.75 x 0.74 x 0.62 x 0.65 x
Nbr of stocks (in thousands) 51,876 52,101 51,266 51,273 49,772 49,799
Reference price 2 723.0 747.0 734.0 775.0 690.0 774.0
Announcement Date 6/29/18 6/28/19 6/26/20 6/25/21 6/24/22 6/28/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Marzo 2018 2019 2020 2021 2022 2023
Net sales 1 55,146 52,810 53,073 50,533 48,389 55,890
EBITDA 1 6,859 7,690 6,975 7,237 6,105 7,403
EBIT 1 6,301 7,217 6,494 6,427 5,344 6,835
Operating Margin 11.43% 13.67% 12.24% 12.72% 11.04% 12.23%
Earnings before Tax (EBT) 1 6,486 7,530 6,994 6,741 5,640 6,901
Net income 1 4,357 5,068 4,709 4,600 3,793 4,680
Net margin 7.9% 9.6% 8.87% 9.1% 7.84% 8.37%
EPS 2 83.90 97.36 90.99 89.72 74.61 94.00
Free Cash Flow 1 8,268 2,291 125.6 4,075 6,860 3,040
FCF margin 14.99% 4.34% 0.24% 8.06% 14.18% 5.44%
FCF Conversion (EBITDA) 120.54% 29.79% 1.8% 56.31% 112.36% 41.07%
FCF Conversion (Net income) 189.76% 45.21% 2.67% 88.6% 180.85% 64.97%
Dividend per Share 2 26.00 30.00 30.00 30.00 30.00 36.00
Announcement Date 6/29/18 6/28/19 6/26/20 6/25/21 6/24/22 6/28/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2021 S1 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3 2024 Q1 2024 S1 2024 Q3
Net sales 1 24,032 23,441 22,323 12,049 12,051 25,722 14,169 12,534 26,578 15,971
EBITDA - - - - - - - - - -
EBIT 1 2,695 2,426 1,962 1,397 1,089 2,799 1,467 812 2,722 2,046
Operating Margin 11.21% 10.35% 8.79% 11.59% 9.04% 10.88% 10.35% 6.48% 10.24% 12.81%
Earnings before Tax (EBT) 1 2,867 2,589 2,167 1,473 1,285 3,119 1,136 984 2,938 2,125
Net income 1 1,944 1,746 1,423 1,049 838 2,118 800 804 2,228 1,486
Net margin 8.09% 7.45% 6.37% 8.71% 6.95% 8.23% 5.65% 6.41% 8.38% 9.3%
EPS 2 37.33 34.07 27.76 20.55 16.85 42.56 16.07 16.15 44.74 29.94
Dividend per Share 10.00 10.00 10.00 - - 12.00 - - 14.00 -
Announcement Date 10/31/19 10/30/20 10/29/21 1/31/22 7/29/22 10/31/22 1/31/23 7/31/23 10/31/23 1/31/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 19,139 20,142 18,731 21,864 26,532 28,517
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 8,268 2,291 126 4,075 6,860 3,040
ROE (net income / shareholders' equity) 10.1% 10.8% 9.52% 8.78% 6.88% 8.14%
ROA (Net income/ Total Assets) 6.5% 6.96% 6.11% 5.94% 4.77% 5.75%
Assets 1 67,069 72,782 77,072 77,440 79,534 81,431
Book Value Per Share 2 869.0 927.0 984.0 1,052 1,116 1,186
Cash Flow per Share 2 389.0 400.0 378.0 438.0 546.0 583.0
Capex 1 718 433 511 788 251 935
Capex / Sales 1.3% 0.82% 0.96% 1.56% 0.52% 1.67%
Announcement Date 6/29/18 6/28/19 6/26/20 6/25/21 6/24/22 6/28/23
1JPY in Million2JPY
Estimates
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