ONOKEN CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,811 JPY | +0.95% |
|
+1.68% | +4.62% |
| Feb. 21 | Onoken's Nine-Month Profit Slumps 15% on Higher Spending | MT |
| Jan. 17 | Onoken Co., Ltd. agreed to acquire Matsuo Metal Co., Ltd. | CI |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 38,466 | 33,925 | 23,976 | 29,236 | 36,008 | 34,740 |
| Enterprise Value (EV) 1 | 62,102 | 64,732 | 47,086 | 44,277 | 59,745 | 68,116 |
| P/E ratio | 8.75 x | 7.74 x | 5.74 x | 7.74 x | 4.87 x | 5.45 x |
| Yield | 3.77% | 4.19% | 5.29% | 4.7% | 7.07% | 6.06% |
| Capitalization / Revenue | 0.19 x | 0.15 x | 0.1 x | 0.14 x | 0.16 x | 0.13 x |
| EV / Revenue | 0.31 x | 0.28 x | 0.21 x | 0.22 x | 0.27 x | 0.26 x |
| EV / EBITDA | 6.95 x | 7.74 x | 5.71 x | 5.09 x | 4.16 x | 5.39 x |
| EV / FCF | 36.2 x | -9.53 x | 4.2 x | 4.98 x | -5.94 x | -6.55 x |
| FCF Yield | 2.76% | -10.5% | 23.8% | 20.1% | -16.8% | -15.3% |
| Price to Book | 0.62 x | 0.5 x | 0.34 x | 0.4 x | 0.44 x | 0.41 x |
| Nbr of stocks (in thousands) | 20,725 | 21,859 | 21,125 | 21,155 | 23,352 | 23,378 |
| Reference price 2 | 1,856 | 1,552 | 1,135 | 1,382 | 1,542 | 1,486 |
| Announcement Date | 6/25/18 | 6/24/19 | 6/29/20 | 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 | 203,151 | 232,164 | 229,290 | 202,825 | 222,759 | 262,653 |
| EBITDA 1 | 8,937 | 8,367 | 8,241 | 8,701 | 14,353 | 12,646 |
| EBIT 1 | 6,980 | 6,494 | 6,361 | 6,513 | 11,757 | 9,737 |
| Operating Margin | 3.44% | 2.8% | 2.77% | 3.21% | 5.28% | 3.71% |
| Earnings before Tax (EBT) 1 | 7,257 | 7,105 | 6,424 | 6,744 | 12,163 | 9,945 |
| Net income 1 | 5,025 | 4,664 | 4,416 | 4,508 | 8,145 | 7,022 |
| Net margin | 2.47% | 2.01% | 1.93% | 2.22% | 3.66% | 2.67% |
| EPS 2 | 212.0 | 200.4 | 197.8 | 178.5 | 316.7 | 272.8 |
| Free Cash Flow 1 | 1,716 | -6,794 | 11,205 | 8,888 | -10,066 | -10,392 |
| FCF margin | 0.84% | -2.93% | 4.89% | 4.38% | -4.52% | -3.96% |
| FCF Conversion (EBITDA) | 19.2% | - | 135.97% | 102.15% | - | - |
| FCF Conversion (Net income) | 34.14% | - | 253.74% | 197.17% | - | - |
| Dividend per Share 2 | 70.00 | 65.00 | 60.00 | 65.00 | 109.0 | 90.00 |
| Announcement Date | 6/25/18 | 6/24/19 | 6/29/20 | 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 S1 | 2022 Q3 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2024 Q1 | 2024 S1 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 112,236 | 94,073 | 103,105 | 59,461 | 61,829 | 125,280 | 67,112 | 69,723 | 140,317 | 72,607 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 2,673 | 1,970 | 6,860 | 3,170 | 2,914 | 5,294 | 2,054 | 2,212 | 4,220 | 1,868 |
| Operating Margin | 2.38% | 2.09% | 6.65% | 5.33% | 4.71% | 4.23% | 3.06% | 3.17% | 3.01% | 2.57% |
| Earnings before Tax (EBT) 1 | 2,765 | 2,087 | 7,165 | 3,169 | 2,960 | 5,370 | 2,097 | 2,340 | 4,375 | 1,829 |
| Net income 1 | 1,883 | 1,416 | 4,765 | 2,083 | 1,945 | 3,568 | 1,343 | 1,529 | 2,969 | 1,221 |
| Net margin | 1.68% | 1.51% | 4.62% | 3.5% | 3.15% | 2.85% | 2% | 2.19% | 2.12% | 1.68% |
| EPS 2 | 86.17 | 67.01 | 221.1 | 88.88 | 83.31 | 152.7 | 57.43 | 61.19 | 118.7 | 48.80 |
| Dividend per Share | 25.00 | 20.00 | 66.00 | - | - | 46.00 | - | - | 36.00 | - |
| Announcement Date | 11/8/19 | 11/13/20 | 11/8/21 | 2/10/22 | 8/10/22 | 11/11/22 | 2/10/23 | 8/9/23 | 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 | 23,636 | 30,807 | 23,110 | 15,041 | 23,737 | 33,376 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.645 x | 3.682 x | 2.804 x | 1.729 x | 1.654 x | 2.639 x |
| Free Cash Flow 1 | 1,716 | -6,794 | 11,205 | 8,888 | -10,066 | -10,392 |
| ROE (net income / shareholders' equity) | 8.06% | 6.99% | 6.37% | 6.3% | 10.6% | 8.23% |
| ROA (Net income/ Total Assets) | 3.16% | 2.67% | 2.55% | 2.73% | 4.67% | 3.39% |
| Assets 1 | 159,024 | 174,786 | 173,401 | 164,838 | 174,336 | 207,212 |
| Book Value Per Share 2 | 3,007 | 3,135 | 3,321 | 3,485 | 3,538 | 3,584 |
| Cash Flow per Share 2 | 172.0 | 262.0 | 251.0 | 243.0 | 272.0 | 119.0 |
| Capex 1 | 1,830 | 2,016 | 4,299 | 5,730 | 4,467 | 3,820 |
| Capex / Sales | 0.9% | 0.87% | 1.87% | 2.83% | 2.01% | 1.45% |
| Announcement Date | 6/25/18 | 6/24/19 | 6/29/20 | 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. | |
|---|---|---|
| +4.62% | 293M | |
| +11.67% | 5.82B | |
| +18.96% | 3.27B | |
| +27.08% | 998M | |
| +3.56% | 731M | |
| -2.18% | 698M | |
| 0.00% | 665M | |
| -10.46% | 536M | |
| -6.33% | 433M | |
| +19.89% | 414M |
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- Financials Onoken Co., Ltd.
