SEIREN CO.,LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,614 JPY | 0.00% |
|
-0.95% | +5.45% |
| Apr. 01 | Tranche Update on Seiren Co.,Ltd.'s Equity Buyback Plan announced on November 8, 2023. | CI |
| Feb. 15 | Japan takes another shot at next-generation H3 rocket launch | RE |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 96,879 | 72,104 | 104,376 | 119,352 | 124,908 | 138,416 | - | - |
| Enterprise Value (EV) 1 | 100,088 | 67,634 | 96,088 | 109,511 | 110,899 | 138,416 | 138,416 | 138,416 |
| P/E ratio | 11.8 x | 8.46 x | 17.1 x | 13.9 x | 11.4 x | 12.1 x | 11.4 x | 10.3 x |
| Yield | 2.14% | 2.77% | 1.85% | 1.71% | 1.97% | 1.79% | 1.89% | 2.04% |
| Capitalization / Revenue | 0.79 x | 0.6 x | 1.06 x | 1.09 x | 0.94 x | 0.98 x | 0.92 x | 0.87 x |
| EV / Revenue | 0.79 x | 0.6 x | 1.06 x | 1.09 x | 0.94 x | 0.98 x | 0.92 x | 0.87 x |
| EV / EBITDA | 6.26 x | 4.62 x | 7.85 x | 7.57 x | 6.88 x | 7.26 x | 6.69 x | 6.2 x |
| EV / FCF | 31.9 x | 6.35 x | 10.7 x | 113 x | 37.5 x | 13.9 x | 12.9 x | 11.3 x |
| FCF Yield | 3.13% | 15.8% | 9.32% | 0.89% | 2.67% | 7.21% | 7.77% | 8.85% |
| Price to Book | 1.24 x | 0.92 x | 1.31 x | 1.32 x | 1.2 x | 1.18 x | 1.09 x | 1 x |
| Nbr of stocks (in thousands) | 59,253 | 55,465 | 53,636 | 53,666 | 53,563 | 52,952 | - | - |
| Reference price 2 | 1,635 | 1,300 | 1,946 | 2,224 | 2,332 | 2,614 | 2,614 | 2,614 |
| Announcement Date | 5/14/19 | 5/21/20 | 5/19/21 | 5/12/22 | 5/15/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 122,702 | 120,258 | 98,688 | 109,771 | 132,364 | 141,333 | 150,159 | 158,260 |
| EBITDA 1 | 15,468 | 15,622 | 13,300 | 15,764 | 18,144 | 19,065 | 20,676 | 22,340 |
| EBIT 1 | 10,587 | 10,502 | 8,580 | 10,901 | 12,831 | 13,867 | 15,644 | 17,393 |
| Operating Margin | 8.63% | 8.73% | 8.69% | 9.93% | 9.69% | 9.81% | 10.42% | 10.99% |
| Earnings before Tax (EBT) 1 | 11,621 | 11,072 | 8,199 | 11,705 | 14,957 | 15,950 | 16,761 | 18,510 |
| Net income 1 | 8,226 | 8,551 | 6,252 | 8,553 | 11,023 | 11,567 | 12,181 | 13,477 |
| Net margin | 6.7% | 7.11% | 6.34% | 7.79% | 8.33% | 8.18% | 8.11% | 8.52% |
| EPS 2 | 138.6 | 153.6 | 113.8 | 159.4 | 205.4 | 216.8 | 228.3 | 252.6 |
| Free Cash Flow 1 | 3,037 | 11,358 | 9,731 | 1,060 | 3,329 | 9,980 | 10,760 | 12,244 |
| FCF margin | 2.48% | 9.44% | 9.86% | 0.97% | 2.52% | 7.06% | 7.17% | 7.74% |
| FCF Conversion (EBITDA) | 19.63% | 72.71% | 73.17% | 6.72% | 18.35% | 52.34% | 52.04% | 54.81% |
| FCF Conversion (Net income) | 36.92% | 132.83% | 155.65% | 12.39% | 30.2% | 86.28% | 88.34% | 90.85% |
| Dividend per Share 2 | 35.00 | 36.00 | 36.00 | 38.00 | 46.00 | 46.67 | 49.33 | 53.33 |
| Announcement Date | 5/14/19 | 5/21/20 | 5/19/21 | 5/12/22 | 5/15/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 Q2 | 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 | 60,817 | 43,496 | 25,686 | 53,131 | 26,972 | 30,899 | 60,564 | 36,776 | 35,024 | 71,800 | 32,508 | 34,156 | 66,664 | 37,200 | 36,637 | 72,336 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 5,078 | 2,844 | 2,202 | 5,464 | 2,673 | 2,924 | 5,164 | 4,861 | 2,806 | 7,667 | 2,908 | 3,119 | 6,027 | 3,944 | 3,830 | 7,973 |
| Operating Margin | 8.35% | 6.54% | 8.57% | 10.28% | 9.91% | 9.46% | 8.53% | 13.22% | 8.01% | 10.68% | 8.95% | 9.13% | 9.04% | 10.6% | 10.45% | 11.02% |
| Earnings before Tax (EBT) | 5,308 | 2,110 | - | 6,040 | 2,759 | 3,715 | 7,055 | 5,598 | - | - | 3,987 | - | 8,050 | 3,919 | - | - |
| Net income 1 | 3,772 | 1,248 | 2,038 | 4,498 | 2,064 | 2,707 | 5,174 | 4,185 | 1,664 | - | 3,121 | - | 5,757 | 2,962 | 2,681 | - |
| Net margin | 6.2% | 2.87% | 7.93% | 8.47% | 7.65% | 8.76% | 8.54% | 11.38% | 4.75% | - | 9.6% | - | 8.64% | 7.96% | 7.32% | - |
| EPS | 67.56 | 22.48 | - | 83.85 | 38.48 | 50.41 | 96.27 | 78.05 | - | - | 58.27 | - | 107.4 | 55.29 | - | - |
| Dividend per Share | 18.00 | 18.00 | - | 18.00 | - | - | 23.00 | - | - | - | - | - | 23.00 | - | - | - |
| Announcement Date | 11/5/19 | 11/4/20 | 11/9/21 | 11/9/21 | 2/2/22 | 8/4/22 | 11/10/22 | 2/8/23 | 5/15/23 | 5/15/23 | 8/3/23 | 11/8/23 | 11/8/23 | 2/8/24 | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | 3,209 | - | - | - | - | - | - | - |
| Net Cash position | - | 4,470 | 8,288 | 9,841 | 14,009 | - | - | - |
| Leverage (Debt/EBITDA) | 0.2075 x | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 3,037 | 11,358 | 9,731 | 1,060 | 3,329 | 9,980 | 10,761 | 12,244 |
| ROE (net income / shareholders' equity) | 10.9% | 11.2% | 7.9% | 10.1% | 11.3% | 10.4% | 9.75% | 10.1% |
| ROA (Net income/ Total Assets) | 9.29% | 8.89% | 6.97% | 7.95% | 9.49% | 6.9% | 6.8% | 7.2% |
| Assets 1 | 88,514 | 96,237 | 89,696 | 107,637 | 116,116 | 167,633 | 179,127 | 187,176 |
| Book Value Per Share 2 | 1,323 | 1,414 | 1,485 | 1,685 | 1,951 | 2,222 | 2,402 | 2,602 |
| Cash Flow per Share | 221.0 | 246.0 | 200.0 | 250.0 | 304.0 | - | - | - |
| Capex 1 | 5,655 | 3,998 | 3,227 | 8,089 | 8,354 | 4,500 | 5,100 | 5,100 |
| Capex / Sales | 4.61% | 3.32% | 3.27% | 7.37% | 6.31% | 3.18% | 3.4% | 3.22% |
| Announcement Date | 5/14/19 | 5/21/20 | 5/19/21 | 5/12/22 | 5/15/23 | - | - | - |
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
D
Sell
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
2,614
JPY
Average target price
3,415
JPY
Spread / Average Target
+30.64%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +5.45% | 879M | |
| +5.91% | 8.03B | |
| -1.98% | 5.07B | |
| -15.35% | 2.78B | |
| +2.97% | 2.61B | |
| -3.12% | 2.27B | |
| +28.10% | 1.77B | |
| +35.33% | 1.62B | |
| +3.15% | 1.49B | |
| -23.07% | 1.43B |
- Stock Market
- Equities
- 3569 Stock
- Financials Seiren Co.,Ltd.
