SHINWA CO., LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,721 JPY | +0.85% |
|
+3.19% | +15.15% |
| Apr. 18 | Shinwa's Attributable Profit Falls Over 44% in Fiscal Six Months | MT |
| Apr. 11 | Shinwa Co., Ltd. Provides Dividend Guidance for the Year End of Fiscal Year Ending August 31, 2024 | CI |
Valuation
| Fiscal Period: August | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 28,573 | 28,085 | 26,594 | 30,398 | 29,668 | 30,018 |
| Enterprise Value (EV) 1 | 15,077 | 11,179 | 10,519 | 17,175 | 10,799 | 12,744 |
| P/E ratio | 8.98 x | 8.5 x | 8.04 x | 11 x | 7.84 x | 8.37 x |
| Yield | 3.25% | 3.51% | 3.81% | 3.16% | 3.83% | 4.01% |
| Capitalization / Revenue | 0.5 x | 0.45 x | 0.39 x | 0.5 x | 0.42 x | 0.39 x |
| EV / Revenue | 0.27 x | 0.18 x | 0.15 x | 0.28 x | 0.15 x | 0.17 x |
| EV / EBITDA | 3.17 x | 2.13 x | 1.9 x | 3.6 x | 1.82 x | 2.16 x |
| EV / FCF | 6.75 x | 1.93 x | -37.7 x | -7.39 x | 2.34 x | -11 x |
| FCF Yield | 14.8% | 51.9% | -2.65% | -13.5% | 42.8% | -9.11% |
| Price to Book | 1.19 x | 1.03 x | 0.9 x | 0.95 x | 0.82 x | 0.77 x |
| Nbr of stocks (in thousands) | 12,912 | 13,323 | 13,337 | 13,350 | 13,364 | 13,377 |
| Reference price 2 | 2,213 | 2,108 | 1,994 | 2,277 | 2,220 | 2,244 |
| Announcement Date | 11/16/18 | 11/22/19 | 11/20/20 | 11/19/21 | 11/18/22 | 11/17/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: August | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 56,597 | 62,461 | 68,113 | 61,160 | 71,062 | 76,114 |
| EBITDA 1 | 4,763 | 5,240 | 5,529 | 4,777 | 5,929 | 5,894 |
| EBIT 1 | 4,378 | 4,706 | 4,832 | 4,002 | 5,214 | 4,996 |
| Operating Margin | 7.74% | 7.53% | 7.09% | 6.54% | 7.34% | 6.56% |
| Earnings before Tax (EBT) 1 | 4,490 | 4,787 | 4,812 | 4,104 | 5,558 | 5,129 |
| Net income 1 | 3,180 | 3,258 | 3,306 | 2,768 | 3,784 | 3,585 |
| Net margin | 5.62% | 5.22% | 4.85% | 4.53% | 5.32% | 4.71% |
| EPS 2 | 246.3 | 248.1 | 248.0 | 207.4 | 283.2 | 268.1 |
| Free Cash Flow 1 | 2,234 | 5,800 | -278.8 | -2,325 | 4,618 | -1,161 |
| FCF margin | 3.95% | 9.29% | -0.41% | -3.8% | 6.5% | -1.53% |
| FCF Conversion (EBITDA) | 46.9% | 110.69% | - | - | 77.88% | - |
| FCF Conversion (Net income) | 70.25% | 178.03% | - | - | 122.03% | - |
| Dividend per Share 2 | 72.00 | 74.00 | 76.00 | 72.00 | 85.00 | 90.00 |
| Announcement Date | 11/16/18 | 11/22/19 | 11/20/20 | 11/19/21 | 11/18/22 | 11/17/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: August | 2020 S1 | 2021 S1 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2024 Q1 | 2024 S1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 37,213 | 28,717 | 17,216 | 19,946 | 37,162 | 18,053 | 23,879 | 41,514 | 16,985 | 16,997 | 38,434 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 2,573 | 1,796 | 1,206 | 1,677 | 2,883 | 1,661 | 2,280 | 3,365 | 809 | 534 | 1,603 |
| Operating Margin | 6.91% | 6.25% | 7.01% | 8.41% | 7.76% | 9.2% | 9.55% | 8.11% | 4.76% | 3.14% | 4.17% |
| Earnings before Tax (EBT) 1 | 2,554 | 1,830 | 1,268 | - | 3,005 | 1,716 | 2,258 | 3,339 | 752 | 737 | 1,838 |
| Net income 1 | 1,720 | 1,212 | 850 | - | 2,021 | 1,172 | 1,508 | 2,291 | 550 | 487 | 1,275 |
| Net margin | 4.62% | 4.22% | 4.94% | - | 5.44% | 6.49% | 6.32% | 5.52% | 3.24% | 2.87% | 3.32% |
| EPS 2 | 129.1 | 90.86 | 63.72 | - | 151.4 | 87.70 | 112.9 | 171.4 | 41.10 | 36.45 | 95.33 |
| Dividend per Share | 38.00 | 35.00 | - | - | 37.00 | - | - | 36.00 | - | - | 50.00 |
| Announcement Date | 4/13/20 | 4/12/21 | 1/11/22 | 4/11/22 | 4/11/22 | 7/11/22 | 1/12/23 | 4/10/23 | 7/10/23 | 1/11/24 | 4/11/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: August | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 13,496 | 16,906 | 16,075 | 13,223 | 18,869 | 17,274 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 2,234 | 5,800 | -279 | -2,325 | 4,618 | -1,161 |
| ROE (net income / shareholders' equity) | 14% | 12.7% | 11.7% | 9.05% | 11.1% | 9.51% |
| ROA (Net income/ Total Assets) | 6.94% | 6.15% | 5.89% | 4.69% | 5.45% | 5.13% |
| Assets 1 | 45,797 | 52,993 | 56,123 | 58,980 | 69,441 | 69,819 |
| Book Value Per Share 2 | 1,862 | 2,039 | 2,209 | 2,385 | 2,702 | 2,923 |
| Cash Flow per Share 2 | 1,074 | 1,327 | 1,250 | 1,115 | 1,447 | 1,330 |
| Capex 1 | 245 | 291 | 1,091 | 658 | 769 | 1,415 |
| Capex / Sales | 0.43% | 0.47% | 1.6% | 1.08% | 1.08% | 1.86% |
| Announcement Date | 11/16/18 | 11/22/19 | 11/20/20 | 11/19/21 | 11/18/22 | 11/17/23 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +15.15% | 231M | |
| +12.07% | 82.35B | |
| +20.17% | 71.09B | |
| +20.89% | 37.73B | |
| +15.77% | 32.01B | |
| +9.19% | 27.2B | |
| +3.18% | 26.74B | |
| +3.94% | 26B | |
| +12.84% | 25.5B | |
| +17.14% | 24.76B |
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