Financials Shoei Corporation

Equities

9385

JP3360100006

Non-Paper Containers & Packaging

Market Closed - Japan Exchange 02:00:00 2024-05-02 am EDT 5-day change 1st Jan Change
590 JPY +1.03% Intraday chart for Shoei Corporation +2.79% +0.34%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 5,652 5,888 4,216 8,331 4,799 4,304
Enterprise Value (EV) 1 7,955 8,553 6,931 10,541 9,419 8,534
P/E ratio 15.7 x 18.5 x 10.5 x 10.7 x 53.9 x -2.66 x
Yield 1.15% 2.22% 2.96% 1.86% 3.22% 3.59%
Capitalization / Revenue 0.35 x 0.33 x 0.22 x 0.41 x 0.25 x 0.21 x
EV / Revenue 0.49 x 0.48 x 0.36 x 0.51 x 0.49 x 0.41 x
EV / EBITDA 11.3 x 13.2 x 8.64 x 8.05 x 17.6 x 16 x
EV / FCF -64.8 x 400 x 32.6 x -16.6 x -169 x 20.2 x
FCF Yield -1.54% 0.25% 3.07% -6.02% -0.59% 4.94%
Price to Book 2.33 x 2.26 x 1.56 x 1.76 x 1.06 x 1.54 x
Nbr of stocks (in thousands) 6,504 6,542 6,245 7,728 7,727 7,727
Reference price 2 869.0 900.0 675.0 1,078 621.0 557.0
Announcement Date 6/27/18 6/26/19 6/26/20 7/30/21 6/24/22 6/28/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 16,166 17,807 19,115 20,507 19,268 20,745
EBITDA 1 705 650 802 1,309 535 533
EBIT 1 570 518 614 1,114 176 154
Operating Margin 3.53% 2.91% 3.21% 5.43% 0.91% 0.74%
Earnings before Tax (EBT) 1 538 498 613 1,070 168 -1,980
Net income 1 359 317 406 675 89 -1,617
Net margin 2.22% 1.78% 2.12% 3.29% 0.46% -7.79%
EPS 2 55.37 48.56 64.00 100.5 11.52 -209.3
Free Cash Flow 1 -122.8 21.38 212.8 -635 -55.62 421.6
FCF margin -0.76% 0.12% 1.11% -3.1% -0.29% 2.03%
FCF Conversion (EBITDA) - 3.29% 26.53% - - 79.1%
FCF Conversion (Net income) - 6.74% 52.4% - - -
Dividend per Share 2 10.00 20.00 20.00 20.00 20.00 20.00
Announcement Date 6/27/18 6/26/19 6/26/20 7/30/21 6/24/22 6/28/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period:
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 2,303 2,665 2,715 2,210 4,620 4,230
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.267 x 4.1 x 3.385 x 1.688 x 8.636 x 7.936 x
Free Cash Flow 1 -123 21.4 213 -635 -55.6 422
ROE (net income / shareholders' equity) 16% 12.6% 15.3% 18.2% 1.4% -44.1%
ROA (Net income/ Total Assets) 4.47% 3.72% 4.26% 7.21% 0.95% 0.81%
Assets 1 8,026 8,520 9,520 9,367 9,337 -200,149
Book Value Per Share 2 373.0 399.0 432.0 612.0 585.0 363.0
Cash Flow per Share 2 99.30 85.30 140.0 122.0 114.0 164.0
Capex 1 88 117 34 92 153 122
Capex / Sales 0.54% 0.66% 0.18% 0.45% 0.79% 0.59%
Announcement Date 6/27/18 6/26/19 6/26/20 7/30/21 6/24/22 6/28/23
1JPY in Million2JPY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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