S&B FOODS INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,505 JPY | -0.66% |
|
-0.55% | +8.82% |
| 2023 | S&B Foods Inc. Reports Earnings Results for the Full Year Ended March 31, 2023 | CI |
| 2022 | Tranche Update on S&B Foods Inc.'s Equity Buyback Plan announced on December 9, 2022. | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 52,898 | 52,135 | 61,723 | 45,515 | 42,659 | 54,440 | - | - |
| Enterprise Value (EV) 1 | 65,320 | 64,346 | 69,714 | 53,963 | 53,590 | 62,310 | 50,329 | 45,668 |
| P/E ratio | 12.3 x | 9.5 x | 9.28 x | 7.48 x | 10.6 x | 9.9 x | 8.38 x | 7.89 x |
| Yield | 0.96% | 1.07% | 0.95% | 1.36% | 1.53% | 1.38% | 1.44% | 1.51% |
| Capitalization / Revenue | 0.36 x | 0.35 x | 0.54 x | 0.39 x | 0.35 x | 0.43 x | 0.46 x | 0.45 x |
| EV / Revenue | 0.45 x | 0.44 x | 0.61 x | 0.46 x | 0.44 x | 0.49 x | 0.42 x | 0.38 x |
| EV / EBITDA | 6.16 x | 5.82 x | 4.93 x | 4.07 x | 5.33 x | 5.37 x | 3.87 x | 3.33 x |
| EV / FCF | -20.7 x | -53.9 x | 10.3 x | 17.4 x | -13.9 x | 23.6 x | 4.12 x | 9.09 x |
| FCF Yield | -4.83% | -1.86% | 9.7% | 5.73% | -7.18% | 4.23% | 24.3% | 11% |
| Price to Book | 1.21 x | 1.09 x | 1.12 x | 0.76 x | 0.68 x | 0.8 x | 0.74 x | 0.69 x |
| Nbr of stocks (in thousands) | 12,701 | 12,700 | 12,700 | 12,368 | 12,085 | 12,084 | - | - |
| Reference price 2 | 4,165 | 4,105 | 4,860 | 3,680 | 3,530 | 4,505 | 4,505 | 4,505 |
| Announcement Date | 5/14/19 | 5/14/20 | 5/13/21 | 5/13/22 | 5/12/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 145,160 | 146,931 | 114,255 | 118,046 | 120,651 | 126,000 | 118,500 | 121,000 |
| EBITDA 1 | 10,596 | 11,048 | 14,132 | 13,266 | 10,059 | 11,600 | 13,000 | 13,700 |
| EBIT 1 | 7,154 | 7,239 | 9,448 | 8,617 | 5,399 | 6,900 | 8,500 | 9,200 |
| Operating Margin | 4.93% | 4.93% | 8.27% | 7.3% | 4.47% | 5.48% | 7.17% | 7.6% |
| Earnings before Tax (EBT) 1 | 5,378 | 7,220 | 9,288 | 8,603 | 5,510 | 6,800 | 8,500 | 9,100 |
| Net income 1 | 4,317 | 5,485 | 6,652 | 6,225 | 4,080 | 5,500 | 6,500 | 6,900 |
| Net margin | 2.97% | 3.73% | 5.82% | 5.27% | 3.38% | 4.37% | 5.49% | 5.7% |
| EPS 2 | 340.0 | 431.9 | 523.8 | 492.2 | 332.3 | 455.1 | 537.9 | 571.0 |
| Free Cash Flow 1 | -3,156 | -1,194 | 6,760 | 3,093 | -3,847 | 2,637 | 12,216 | 5,023 |
| FCF margin | -2.17% | -0.81% | 5.92% | 2.62% | -3.19% | 2.09% | 10.31% | 4.15% |
| FCF Conversion (EBITDA) | - | - | 47.83% | 23.32% | - | 22.73% | 93.97% | 36.66% |
| FCF Conversion (Net income) | - | - | 101.62% | 49.69% | - | 47.95% | 187.94% | 72.8% |
| Dividend per Share 2 | 40.00 | 44.00 | 46.00 | 50.00 | 54.00 | 62.00 | 65.00 | 68.00 |
| Announcement Date | 5/14/19 | 5/14/20 | 5/13/21 | 5/13/22 | 5/12/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 75,015 | 58,019 | 29,884 | 59,863 | 31,495 | 26,688 | 30,616 | 30,817 | 61,433 | 32,420 | 26,798 | 31,955 | 31,202 | 63,157 | 34,760 | 28,083 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 4,128 | 6,026 | 2,093 | 5,034 | 2,880 | 703 | 2,261 | 1,006 | 3,267 | 2,370 | -238 | 1,802 | 1,475 | 3,277 | 3,894 | -271 |
| Operating Margin | 5.5% | 10.39% | 7% | 8.41% | 9.14% | 2.63% | 7.39% | 3.26% | 5.32% | 7.31% | -0.89% | 5.64% | 4.73% | 5.19% | 11.2% | -0.96% |
| Earnings before Tax (EBT) | 4,861 | 6,028 | - | 4,934 | 2,954 | - | 2,483 | - | 3,484 | 2,332 | - | 2,060 | - | 3,347 | 3,813 | - |
| Net income 1 | 3,804 | 4,276 | 1,444 | 3,566 | 2,095 | 564 | 1,792 | 796 | 2,588 | 1,661 | -169 | 1,495 | 915 | 2,410 | 2,880 | 210 |
| Net margin | 5.07% | 7.37% | 4.83% | 5.96% | 6.65% | 2.11% | 5.85% | 2.58% | 4.21% | 5.12% | -0.63% | 4.68% | 2.93% | 3.82% | 8.29% | 0.75% |
| EPS | 299.5 | 336.7 | - | 280.8 | 165.0 | - | 145.0 | - | 209.3 | 135.0 | - | 123.8 | - | 199.5 | 238.4 | - |
| Dividend per Share | 22.00 | 22.00 | - | 25.00 | - | - | - | - | 27.00 | - | - | - | - | 31.00 | - | - |
| Announcement Date | 10/31/19 | 10/30/20 | 10/29/21 | 10/29/21 | 1/31/22 | 5/13/22 | 7/29/22 | 10/31/22 | 10/31/22 | 1/31/23 | 5/12/23 | 7/31/23 | 10/31/23 | 10/31/23 | 1/31/24 | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 12,422 | 12,211 | 7,991 | 8,448 | 10,931 | 7,870 | - | - |
| Net Cash position 1 | - | - | - | - | - | - | 4,111 | 8,772 |
| Leverage (Debt/EBITDA) | 1.172 x | 1.105 x | 0.5655 x | 0.6368 x | 1.087 x | 0.6784 x | - | - |
| Free Cash Flow 1 | -3,156 | -1,194 | 6,760 | 3,093 | -3,847 | 2,637 | 12,216 | 5,023 |
| ROE (net income / shareholders' equity) | 10.3% | 12% | 12.9% | 10.8% | 6.6% | 8.4% | 9.2% | 9% |
| ROA (Net income/ Total Assets) | 6.65% | 6.2% | 7.65% | 6.85% | 4.21% | 5.4% | 6.5% | 6.9% |
| Assets 1 | 64,891 | 88,414 | 87,004 | 90,918 | 96,847 | 101,852 | 100,000 | 100,000 |
| Book Value Per Share 2 | 3,435 | 3,754 | 4,341 | 4,843 | 5,207 | 5,600 | 6,073 | 6,576 |
| Cash Flow per Share | 611.0 | 732.0 | 893.0 | 860.0 | 712.0 | - | - | - |
| Capex 1 | 8,404 | 13,352 | 4,553 | 5,077 | 4,488 | 4,700 | 4,500 | 4,500 |
| Capex / Sales | 5.79% | 9.09% | 3.98% | 4.3% | 3.72% | 3.73% | 3.8% | 3.72% |
| Announcement Date | 5/14/19 | 5/14/20 | 5/13/21 | 5/13/22 | 5/12/23 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
4,505
JPY
Average target price
7,000
JPY
Spread / Average Target
+55.38%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +8.82% | 354M | |
| +3.45% | 30.12B | |
| +7.00% | 22.16B | |
| +10.44% | 11.8B | |
| +15.09% | 5.28B | |
| +16.44% | 4.38B | |
| -15.24% | 3.53B | |
| -0.61% | 3.26B | |
| +4.98% | 3.13B | |
| +28.84% | 2.89B |
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