Financials Panasonic Holdings Corporation

Equities

6752

JP3866800000

Household Electronics

Market Closed - Japan Exchange 02:00:00 2024-04-26 am EDT 5-day change 1st Jan Change
1,338 JPY +0.98% Intraday chart for Panasonic Holdings Corporation -1.55% -4.19%

Valuation

Fiscal Period: Marzo 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,225,542 1,924,610 3,321,414 2,773,723 2,758,854 3,123,333 - -
Enterprise Value (EV) 1 2,451,999 2,230,981 2,917,708 3,198,453 3,396,462 3,534,468 3,624,346 3,590,922
P/E ratio 7.83 x 8.53 x 20.1 x 10.9 x 10.4 x 7 x 8.35 x 7.37 x
Yield 3.14% 3.64% 1.4% 2.52% 2.54% 2.67% 2.93% 3.33%
Capitalization / Revenue 0.28 x 0.26 x 0.5 x 0.38 x 0.33 x 0.37 x 0.36 x 0.35 x
EV / Revenue 0.31 x 0.3 x 0.44 x 0.43 x 0.41 x 0.42 x 0.42 x 0.4 x
EV / EBITDA 3.47 x 3.35 x 5.06 x 4.59 x 5.06 x 4.35 x 4 x 3.65 x
EV / FCF 238 x 9.95 x 4.29 x -5.88 x 16 x 32.5 x 33.3 x 14.4 x
FCF Yield 0.42% 10% 23.3% -17% 6.23% 3.07% 3% 6.94%
Price to Book 1.16 x 0.96 x 1.28 x 0.88 x 0.76 x 0.77 x 0.72 x 0.67 x
Nbr of stocks (in thousands) 2,332,364 2,332,860 2,333,273 2,333,802 2,334,056 2,334,330 - -
Reference price 2 954.2 825.0 1,424 1,188 1,182 1,338 1,338 1,338
Announcement Date 5/9/19 5/18/20 5/10/21 5/11/22 5/10/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Marzo 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 8,002,733 7,490,601 6,698,794 7,388,791 8,378,942 8,386,093 8,700,076 8,900,691
EBITDA 1 707,539 666,726 576,172 696,674 670,859 813,082 906,885 982,704
EBIT 1 411,498 293,751 258,600 357,526 288,570 387,034 474,704 538,436
Operating Margin 5.14% 3.92% 3.86% 4.84% 3.44% 4.62% 5.46% 6.05%
Earnings before Tax (EBT) 1 416,456 291,050 260,820 360,395 316,409 423,939 491,883 552,863
Net income 1 284,149 225,707 165,077 255,334 265,502 436,193 374,004 424,387
Net margin 3.55% 3.01% 2.46% 3.46% 3.17% 5.2% 4.3% 4.77%
EPS 2 121.8 96.76 70.75 109.4 113.8 191.3 160.3 181.5
Free Cash Flow 1 10,290 224,207 680,634 -543,519 211,642 108,661 108,714 249,100
FCF margin 0.13% 2.99% 10.16% -7.36% 2.53% 1.3% 1.25% 2.8%
FCF Conversion (EBITDA) 1.45% 33.63% 118.13% - 31.55% 13.36% 11.99% 25.35%
FCF Conversion (Net income) 3.62% 99.34% 412.31% - 79.71% 24.91% 29.07% 58.7%
Dividend per Share 2 30.00 30.00 20.00 30.00 30.00 35.68 39.15 44.54
Announcement Date 5/9/19 5/18/20 5/10/21 5/11/22 5/10/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Marzo 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 2026 S1 2026 S2
Net sales 1 3,844,424 3,646,177 3,059,155 3,639,639 1,741,133 3,533,554 1,889,802 1,965,435 3,855,237 1,973,861 2,090,068 4,063,929 2,160,592 2,154,421 4,315,013 2,029,694 2,089,730 4,119,424 2,180,882 2,116,593 4,210,576 2,058,099 2,128,098 4,240,000 2,232,997 2,220,375 4,400,000 - -
EBITDA - - - - 177,624 - 160,767 176,826 - 156,858 181,431 - 180,740 151,830 - 186,786 201,380 - 227,731 - - - - - - - - - -
EBIT 1 140,292 153,459 96,627 161,973 96,825 201,202 72,949 83,375 156,324 63,700 86,059 149,759 84,461 54,350 138,811 90,372 102,463 192,835 127,422 62,483 207,165 104,978 113,935 218,000 131,804 113,867 242,000 - -
Operating Margin 3.65% 4.21% 3.16% 4.45% 5.56% 5.69% 3.86% 4.24% 4.05% 3.23% 4.12% 3.69% 3.91% 2.52% 3.22% 4.45% 4.9% 4.68% 5.84% 2.95% 4.92% 5.1% 5.35% 5.14% 5.9% 5.13% 5.5% - -
Earnings before Tax (EBT) 1 137,904 153,146 93,175 167,645 97,228 205,762 73,614 81,019 154,633 73,544 93,076 166,620 88,827 60,962 149,789 108,733 115,598 224,331 144,453 70,691 230,669 112,300 122,250 228,000 140,800 124,150 252,000 - -
Net income 1 100,919 124,788 48,864 116,213 76,506 153,043 42,591 59,700 102,291 48,949 58,388 107,337 55,533 102,632 158,165 200,925 87,454 288,379 110,799 59,149 171,826 80,619 89,698 175,750 107,937 94,638 194,950 - -
Net margin 2.63% 3.42% 1.6% 3.19% 4.39% 4.33% 2.25% 3.04% 2.65% 2.48% 2.79% 2.64% 2.57% 4.76% 3.67% 9.9% 4.18% 7% 5.08% 2.79% 4.08% 3.92% 4.21% 4.15% 4.83% 4.26% 4.43% - -
EPS 2 43.27 53.49 20.94 49.81 32.79 65.59 18.00 25.82 43.82 20.97 25.02 45.99 23.79 43.97 67.76 86.06 37.47 123.6 47.46 26.65 73.60 33.42 38.00 75.30 44.38 39.40 83.50 - -
Dividend per Share 2 15.00 15.00 10.00 10.00 15.00 15.00 - 15.00 15.00 - 15.00 15.00 - 15.00 15.00 - 17.50 17.50 - 17.50 17.50 - 12.50 20.00 - 32.00 20.00 25.00 25.00
Announcement Date 10/31/19 5/18/20 10/29/20 5/10/21 10/28/21 10/28/21 2/2/22 5/11/22 5/11/22 7/28/22 10/31/22 10/31/22 2/2/23 5/10/23 5/10/23 7/31/23 10/30/23 10/30/23 2/2/24 - - - - - - - - - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: Marzo 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 226,457 306,371 - 424,730 637,608 411,135 501,013 467,589
Net Cash position 1 - - 403,706 - - - - -
Leverage (Debt/EBITDA) 0.3201 x 0.4595 x - 0.6097 x 0.9504 x 0.5057 x 0.5525 x 0.4758 x
Free Cash Flow 1 10,290 224,207 680,634 -543,519 211,642 108,661 108,714 249,100
ROE (net income / shareholders' equity) 15.7% 11.5% 7.2% 8.9% 7.8% 11.4% 8.86% 9.44%
ROA (Net income/ Total Assets) 6.77% 4.76% 3.99% 4.85% 3.93% 5.26% 4.75% 5.27%
Assets 1 4,197,892 4,743,089 4,134,709 5,267,812 6,747,758 8,293,542 7,877,364 8,049,824
Book Value Per Share 2 820.0 857.0 1,112 1,356 1,550 1,738 1,866 2,005
Cash Flow per Share 2 249.0 257.0 207.0 255.0 278.0 325.0 324.0 353.0
Capex 1 316,083 273,920 231,118 233,967 309,100 562,009 603,712 521,028
Capex / Sales 3.95% 3.66% 3.45% 3.17% 3.69% 6.7% 6.94% 5.85%
Announcement Date 5/9/19 5/18/20 5/10/21 5/11/22 5/10/23 - - -
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
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
1,338 JPY
Average target price
1,885 JPY
Spread / Average Target
+40.91%
Consensus
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  4. Financials Panasonic Holdings Corporation