Financials Ryobi Limited

Equities

5851

JP3975800008

Auto, Truck & Motorcycle Parts

Delayed Japan Exchange Other stock markets 02:00:00 2024-04-26 am EDT			5-day change	1st Jan Change
2,680 ^JPY	+0.34%		-0.15%	+0.83%

Feb. 13	Ryobi Limited Announces Dividend for the Fiscal Year Ended December 31, 2023, Payable on March 28, 2024; Provides Dividend Guidance for the Second Quarter End of Fiscal Year 2024	CI
Feb. 13	Ryobi Limited Provides Dividend Guidance for the Fiscal Year Ending December 31, 2024	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	63,249	40,461	35,476	37,127	86,035	86,747	-	-
Enterprise Value (EV) ¹	99,570	85,611	79,966	83,494	127,938	86,747	86,747	86,747
P/E ratio	12.9 x	-58 x	-8.07 x	7.76 x	8.51 x	8.61 x	7.8 x	7.12 x
Yield	3.58%	-	1.82%	3.92%	3.01%	3.36%	3.73%	4.01%
Capitalization / Revenue	0.29 x	0.24 x	0.18 x	0.15 x	0.3 x	0.28 x	0.26 x	0.25 x
EV / Revenue	0.29 x	0.24 x	0.18 x	0.15 x	0.3 x	0.28 x	0.26 x	0.25 x
EV / EBITDA	2,650,283 x	-	-	-	-	-	-	-
EV / FCF	11,527,065 x	-7,229,078 x	-	-19,971,402 x	7,105,062 x	-	-	-
FCF Yield	0%	-0%	-	-0%	0%	-	-	-
Price to Book	0.52 x	0.35 x	0.29 x	0.28 x	0.57 x	0.55 x	0.52 x	0.5 x
Nbr of stocks (in thousands)	32,369	32,369	32,369	32,369	32,368	32,368	-	-
Reference price ²	1,954	1,250	1,096	1,147	2,658	2,680	2,680	2,680
Announcement Date	2/13/20	2/12/21	2/14/22	2/13/23	2/13/24	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	220,519	170,973	198,073	249,521	282,693	312,500	331,500	349,500
EBITDA	23,865	-	-	-	-	-	-	-
EBIT ¹	8,495	-1,789	-1,524	6,969	12,214	14,250	15,750	17,250
Operating Margin	3.85%	-1.05%	-0.77%	2.79%	4.32%	4.56%	4.75%	4.94%
Earnings before Tax (EBT)	8,017	-1,501	-4,329	6,960	13,220	-	-	-
Net income ¹	4,913	-697	-4,397	4,784	10,115	10,075	11,125	12,175
Net margin	2.23%	-0.41%	-2.22%	1.92%	3.58%	3.22%	3.36%	3.48%
EPS ²	151.8	-21.54	-135.9	147.8	312.5	311.2	343.7	376.2
Free Cash Flow	5,487	-5,597	-	-1,859	12,109	-	-	-
FCF margin	2.49%	-3.27%	-	-0.75%	4.28%	-	-	-
FCF Conversion (EBITDA)	22.99%	-	-	-	-	-	-	-
FCF Conversion (Net income)	111.68%	-	-	-	119.71%	-	-	-
Dividend per Share ²	70.00	-	20.00	45.00	80.00	90.00	100.0	107.5
Announcement Date	2/13/20	2/12/21	2/14/22	2/13/23	2/13/24	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2019 S2	2020 S1	2021 S1	2021 Q3	2022 Q1	2022 S1	2022 Q3	2023 Q1	2023 S1	2023 Q3	2023 Q4	2023 S2	2024 Q1	2024 Q2	2024 S1	2024 Q3	2024 Q4	2024 S2
Net sales ¹	108,420	77,700	95,567	48,496	57,384	113,606	65,705	61,601	129,836	73,382	79,475	152,857	73,000	79,000	152,000	79,000	79,000	158,000
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	3,690	-3,551	-621	-967	2,733	2,048	899	1,931	4,847	3,622	3,745	7,367	2,500	3,500	6,000	4,000	4,000	8,000
Operating Margin	3.4%	-4.57%	-0.65%	-1.99%	4.76%	1.8%	1.37%	3.13%	3.73%	4.94%	4.71%	4.82%	3.42%	4.43%	3.95%	5.06%	5.06%	5.06%
Earnings before Tax (EBT)	3,178	-2,943	57	-652	3,096	2,963	915	2,077	6,010	3,857	-	-	-	-	-	-	-	-
Net income	1,230	-1,668	225	-702	2,143	1,807	414	1,291	4,331	2,769	-	-	-	-	-	-	-	-
Net margin	1.13%	-2.15%	0.24%	-1.45%	3.73%	1.59%	0.63%	2.1%	3.34%	3.77%	-	-	-	-	-	-	-	-
EPS	-	-51.55	6.970	-21.71	66.21	55.83	12.81	39.91	133.8	85.54	-	-	-	-	-	-	-	-
Dividend per Share	-	-	10.00	-	-	20.00	-	-	35.00	-	-	-	-	-	-	-	-	-
Announcement Date	2/13/20	8/6/20	8/5/21	11/8/21	5/12/22	8/4/22	11/8/22	5/11/23	8/8/23	11/8/23	2/13/24	2/13/24	-	-	-	-	-	-

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	36,321	45,150	44,490	46,367	41,903	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.522 x	-	-	-	-	-	-	-
Free Cash Flow	5,487	-5,597	-	-1,859	12,109	-	-	-
ROE (net income / shareholders' equity)	4.1%	-0.6%	-3.7%	3.7%	7.1%	6.6%	-	-
ROA (Net income/ Total Assets)	3.19%	-0.01%	0%	2.69%	4.48%	-	-	-
Assets ¹	154,013	5,197,614	-295,100,671	177,982	225,901	-	-	-
Book Value Per Share ²	3,723	3,619	3,798	4,154	4,674	4,903	5,144	5,396
Cash Flow per Share	627.0	485.0	397.0	714.0	884.0	-	-	-
Capex ¹	24,839	17,392	12,735	18,646	13,896	27,000	20,000	20,000
Capex / Sales	11.26%	10.17%	6.43%	7.47%	4.92%	8.64%	6.03%	5.72%
Announcement Date	2/13/20	2/12/21	2/14/22	2/13/23	2/13/24	-	-	-

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

Ratings for Ryobi Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2,680 JPY

Average target price

3,700 JPY

Spread / Average Target

+38.06%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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