ROLAND CORPORATION |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,120 JPY | -1.32% |
|
-2.83% | -6.47% |
| May. 09 | Roland Corporation Provides Consolidated Earnings Guidance for the Six Months and Fiscal Year Ending December 31, 2024 | CI |
| May. 09 | Roland Corporation Announces CEO Changes | CI |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 84,586 | 108,225 | 94,750 | 120,692 | 114,932 | - | - |
| Enterprise Value (EV) 1 | 84,644 | 107,310 | 112,896 | 133,104 | 124,164 | 119,397 | 114,288 |
| P/E ratio | 19.7 x | 12.6 x | 10.6 x | 14.8 x | 13.1 x | 11.8 x | 10.8 x |
| Yield | 2.29% | 3.51% | 4.48% | 3.86% | 4.07% | 4.43% | 4.8% |
| Capitalization / Revenue | 1.32 x | 1.35 x | 0.99 x | 1.18 x | 1.14 x | 1.07 x | 1.04 x |
| EV / Revenue | 1.32 x | 1.34 x | 1.18 x | 1.3 x | 1.24 x | 1.11 x | 1.04 x |
| EV / EBITDA | - | 8.45 x | 8.8 x | 9.1 x | 8.81 x | 7.77 x | 6.96 x |
| EV / FCF | 15.6 x | 26 x | -10.7 x | 10.8 x | 11.9 x | 16.7 x | 12.5 x |
| FCF Yield | 6.41% | 3.84% | -9.35% | 9.27% | 8.38% | 5.98% | 7.98% |
| Price to Book | 4.31 x | 3.81 x | 2.83 x | 3.04 x | 2.54 x | 2.42 x | 2.21 x |
| Nbr of stocks (in thousands) | 26,853 | 27,538 | 27,227 | 27,399 | 27,529 | - | - |
| Reference price 2 | 3,150 | 3,930 | 3,480 | 4,405 | 4,175 | 4,175 | 4,175 |
| Announcement Date | 2/12/21 | 2/10/22 | 2/13/23 | 2/14/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 64,044 | 80,032 | 95,840 | 102,445 | 100,519 | 107,158 | 110,117 |
| EBITDA 1 | - | 12,705 | 12,826 | 14,626 | 14,100 | 15,371 | 16,430 |
| EBIT 1 | 7,115 | 11,093 | 10,751 | 11,871 | 11,891 | 13,114 | 14,220 |
| Operating Margin | 11.11% | 13.86% | 11.22% | 11.59% | 11.83% | 12.24% | 12.91% |
| Earnings before Tax (EBT) 1 | 5,846 | 10,239 | 10,529 | 11,148 | 10,800 | 11,700 | 12,300 |
| Net income 1 | 4,301 | 8,586 | 8,938 | 8,151 | 8,777 | 9,708 | 10,544 |
| Net margin | 6.72% | 10.73% | 9.33% | 7.96% | 8.73% | 9.06% | 9.58% |
| EPS 2 | 160.1 | 312.7 | 327.0 | 298.0 | 318.3 | 353.0 | 384.9 |
| Free Cash Flow 1 | 5,429 | 4,126 | -10,558 | 12,344 | 10,399 | 7,135 | 9,114 |
| FCF margin | 8.48% | 5.16% | -11.02% | 12.05% | 10.35% | 6.66% | 8.28% |
| FCF Conversion (EBITDA) | - | 32.48% | - | 84.4% | 73.75% | 46.42% | 55.47% |
| FCF Conversion (Net income) | 126.23% | 48.05% | - | 151.44% | 118.48% | 73.49% | 86.44% |
| Dividend per Share 2 | 72.00 | 138.0 | 156.0 | 170.0 | 170.0 | 185.0 | 200.5 |
| Announcement Date | 2/12/21 | 2/10/22 | 2/13/23 | 2/14/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q4 | 2022 Q1 | 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 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 43,030 | 19,364 | 20,978 | 22,026 | 43,004 | 21,618 | 31,218 | 22,861 | 23,235 | 46,096 | 25,314 | 31,035 | 22,083 | 24,657 | 45,000 | 26,968 | 27,207 | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 7,845 | 1,429 | 2,567 | 2,110 | 4,677 | 1,611 | 4,463 | 2,018 | 2,238 | 4,256 | 3,488 | 4,127 | 1,564 | 3,044 | 4,000 | 4,000 | 3,895 | - | - |
| Operating Margin | 18.23% | 7.38% | 12.24% | 9.58% | 10.88% | 7.45% | 14.3% | 8.83% | 9.63% | 9.23% | 13.78% | 13.3% | 7.08% | 12.35% | 8.89% | 14.83% | 14.31% | - | - |
| Earnings before Tax (EBT) | 7,672 | - | 2,599 | - | 4,960 | 1,162 | - | 1,864 | - | 4,006 | 3,120 | - | 1,262 | - | - | - | - | - | - |
| Net income 1 | 6,179 | 845 | 1,912 | 2,015 | 3,927 | 1,148 | 3,863 | 1,408 | 1,787 | 3,195 | 2,567 | 2,389 | 980 | 2,208 | 3,000 | 3,002 | 3,289 | - | - |
| Net margin | 14.36% | 4.36% | 9.11% | 9.15% | 9.13% | 5.31% | 12.37% | 6.16% | 7.69% | 6.93% | 10.14% | 7.7% | 4.44% | 8.96% | 6.67% | 11.13% | 12.09% | - | - |
| EPS 2 | 225.7 | 30.48 | 69.42 | 73.66 | 143.1 | 42.35 | 144.4 | 51.61 | 65.36 | 117.0 | 93.80 | 87.20 | 35.63 | 88.32 | 200.5 | 117.1 | 123.5 | - | - |
| Dividend per Share 2 | 69.00 | 69.00 | - | 78.00 | 78.00 | - | 78.00 | - | 85.00 | 85.00 | - | 85.00 | - | 85.00 | 90.00 | - | 85.00 | - | 85.00 |
| Announcement Date | 8/6/21 | 2/10/22 | 5/11/22 | 8/8/22 | 8/8/22 | 11/9/22 | 2/13/23 | 5/11/23 | 8/9/23 | 8/9/23 | 11/8/23 | 2/14/24 | 5/9/24 | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 58 | - | 18,146 | 12,412 | 9,232 | 4,465 | - |
| Net Cash position 1 | - | 915 | - | - | - | - | 644 |
| Leverage (Debt/EBITDA) | - | - | 1.415 x | 0.8486 x | 0.6547 x | 0.2905 x | - |
| Free Cash Flow 1 | 5,429 | 4,126 | -10,558 | 12,344 | 10,399 | 7,135 | 9,115 |
| ROE (net income / shareholders' equity) | 22.7% | 35.6% | 28.9% | 22.2% | 20% | 21.5% | 21.3% |
| ROA (Net income/ Total Assets) | - | 20.4% | 15.8% | 14.1% | 14.5% | 16.9% | 19.3% |
| Assets 1 | - | 42,030 | 56,620 | 57,740 | 60,529 | 57,447 | 54,635 |
| Book Value Per Share 2 | 731.0 | 1,030 | 1,228 | 1,451 | 1,645 | 1,722 | 1,886 |
| Cash Flow per Share | 218.0 | 371.0 | 399.0 | 386.0 | - | - | - |
| Capex 1 | 1,473 | 1,208 | 2,678 | 3,084 | 1,733 | 3,400 | 2,733 |
| Capex / Sales | 2.3% | 1.51% | 2.79% | 3.01% | 1.72% | 3.17% | 2.48% |
| Announcement Date | 2/12/21 | 2/10/22 | 2/13/23 | 2/14/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
4,175
JPY
Average target price
5,233
JPY
Spread / Average Target
+25.35%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -6.47% | 729M | |
| -22.70% | 843M | |
| -6.46% | 186M | |
| -38.26% | 165M | |
| +23.21% | 80.25M |
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- Financials Roland Corporation