SALA CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 785 JPY | +0.51% |
|
+1.16% | +7.39% |
| Apr. 11 | Sala Corp.'s Attributable Profit Slips 0.7% in Fiscal Q1 Due to Gains and Losses on Derivatives | MT |
| Jan. 19 | Sala’s Profit Rises 7% in Fiscal Year 2023 | MT |
Valuation
| Fiscal Period: November | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 40,500 | 38,353 | 35,411 | 36,162 | 47,852 | 45,467 |
| Enterprise Value (EV) 1 | 84,860 | 85,724 | 79,255 | 69,716 | 77,029 | 76,444 |
| P/E ratio | 11.1 x | 7.94 x | 10.1 x | 6.85 x | 8.42 x | 7.45 x |
| Yield | - | 3.07% | 3.55% | 4.04% | 3.2% | 3.66% |
| Capitalization / Revenue | 0.19 x | 0.18 x | 0.17 x | 0.16 x | 0.2 x | 0.19 x |
| EV / Revenue | 0.41 x | 0.4 x | 0.37 x | 0.31 x | 0.33 x | 0.32 x |
| EV / EBITDA | 6.87 x | 6.89 x | 5.94 x | 5.11 x | 5.55 x | 6 x |
| EV / FCF | -30.2 x | -47.9 x | 25.8 x | 7.37 x | 25.1 x | -32.5 x |
| FCF Yield | -3.31% | -2.09% | 3.87% | 13.6% | 3.99% | -3.08% |
| Price to Book | 0.75 x | 0.66 x | 0.59 x | 0.55 x | 0.66 x | 0.59 x |
| Nbr of stocks (in thousands) | 61,270 | 62,059 | 62,786 | 63,554 | 63,802 | 63,948 |
| Reference price 2 | 661.0 | 618.0 | 564.0 | 569.0 | 750.0 | 711.0 |
| Announcement Date | 2/21/19 | 2/25/20 | 2/22/21 | 2/21/22 | 2/20/23 | 2/19/24 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: November | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 208,600 | 213,810 | 211,702 | 227,935 | 234,848 | 242,059 |
| EBITDA 1 | 12,346 | 12,436 | 13,332 | 13,631 | 13,874 | 12,744 |
| EBIT 1 | 5,498 | 5,464 | 5,941 | 6,593 | 6,892 | 6,085 |
| Operating Margin | 2.64% | 2.56% | 2.81% | 2.89% | 2.93% | 2.51% |
| Earnings before Tax (EBT) 1 | 5,531 | 7,364 | 5,922 | 8,064 | 8,421 | 9,376 |
| Net income 1 | 3,653 | 4,815 | 3,493 | 5,262 | 5,682 | 6,099 |
| Net margin | 1.75% | 2.25% | 1.65% | 2.31% | 2.42% | 2.52% |
| EPS 2 | 59.59 | 77.84 | 55.85 | 83.12 | 89.12 | 95.45 |
| Free Cash Flow 1 | -2,806 | -1,790 | 3,070 | 9,464 | 3,074 | -2,352 |
| FCF margin | -1.35% | -0.84% | 1.45% | 4.15% | 1.31% | -0.97% |
| FCF Conversion (EBITDA) | - | - | 23.03% | 69.43% | 22.16% | - |
| FCF Conversion (Net income) | - | - | 87.89% | 179.85% | 54.1% | - |
| Dividend per Share | - | 19.00 | 20.00 | 23.00 | 24.00 | 26.00 |
| Announcement Date | 2/21/19 | 2/25/20 | 2/22/21 | 2/21/22 | 2/20/23 | 2/19/24 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: November | 2020 S1 | 2020 S2 | 2021 S1 | 2022 Q1 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 110,762 | 100,940 | 113,816 | 58,455 | 118,277 | 54,744 | 64,154 | 125,976 | 55,315 | 59,166 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 5,593 | 347 | 6,307 | 3,021 | 6,243 | -321 | 3,004 | 5,022 | -681 | 2,541 |
| Operating Margin | 5.05% | 0.34% | 5.54% | 5.17% | 5.28% | -0.59% | 4.68% | 3.99% | -1.23% | 4.29% |
| Earnings before Tax (EBT) 1 | 7,038 | - | 6,928 | 3,261 | 7,084 | 688 | 2,875 | 7,191 | 110 | 2,899 |
| Net income 1 | 4,632 | - | 4,765 | 2,243 | 4,801 | 549 | 1,951 | 4,748 | 155 | 1,937 |
| Net margin | 4.18% | - | 4.19% | 3.84% | 4.06% | 1% | 3.04% | 3.77% | 0.28% | 3.27% |
| EPS 2 | 74.32 | - | 75.51 | 35.23 | 75.36 | 8.580 | 30.59 | 74.37 | 2.390 | 30.30 |
| Dividend per Share | 10.00 | - | 10.00 | - | 11.00 | - | - | 13.00 | - | - |
| Announcement Date | 7/8/20 | 1/13/21 | 7/7/21 | 4/6/22 | 7/6/22 | 10/7/22 | 4/7/23 | 7/7/23 | 10/6/23 | 4/5/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: November | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 44,360 | 47,371 | 43,844 | 33,554 | 29,177 | 30,977 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.593 x | 3.809 x | 3.289 x | 2.462 x | 2.103 x | 2.431 x |
| Free Cash Flow 1 | -2,806 | -1,790 | 3,070 | 9,464 | 3,074 | -2,352 |
| ROE (net income / shareholders' equity) | 6.98% | 8.44% | 5.96% | 8.45% | 8.23% | 8.22% |
| ROA (Net income/ Total Assets) | 1.97% | 1.83% | 1.94% | 2.19% | 2.29% | 2.01% |
| Assets 1 | 185,762 | 263,648 | 180,209 | 239,759 | 247,927 | 302,845 |
| Book Value Per Share 2 | 881.0 | 942.0 | 961.0 | 1,028 | 1,129 | 1,207 |
| Cash Flow per Share 2 | 296.0 | 362.0 | 353.0 | 389.0 | 379.0 | 359.0 |
| Capex 1 | 8,226 | 9,629 | 6,353 | 5,342 | 4,793 | 5,664 |
| Capex / Sales | 3.94% | 4.5% | 3% | 2.34% | 2.04% | 2.34% |
| Announcement Date | 2/21/19 | 2/25/20 | 2/22/21 | 2/21/22 | 2/20/23 | 2/19/24 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +7.39% | 319M | |
| +12.39% | 221B | |
| +12.58% | 107B | |
| +17.36% | 103B | |
| +33.72% | 71.49B | |
| +13.72% | 64.2B | |
| +27.54% | 54.22B | |
| +27.93% | 37.79B | |
| +32.11% | 28.33B | |
| -11.77% | 20.79B |
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