Financials System Integrator Corp.

Equities

3826

JP3350930008

Software

Market Closed - Japan Exchange 02:00:00 2024-04-26 am EDT 5-day change 1st Jan Change
366 JPY -1.88% Intraday chart for System Integrator Corp. -3.68% -5.91%

Valuation

Fiscal Period: February 2018 2019 2020 2021 2022 2023
Capitalization 1 6,010 7,810 7,711 7,079 6,027 4,620
Enterprise Value (EV) 1 5,093 6,491 6,415 5,606 4,396 2,656
P/E ratio 17.4 x 13.5 x 16.7 x 24 x 15.3 x 16.3 x
Yield - - - - - -
Capitalization / Revenue 1.6 x 1.92 x 1.69 x 1.66 x 1.25 x 1.03 x
EV / Revenue 1.35 x 1.6 x 1.41 x 1.32 x 0.91 x 0.59 x
EV / EBITDA 8.23 x 9.85 x 8.14 x 10.3 x 5.56 x 4.19 x
EV / FCF 31.8 x 20.2 x 29.6 x 16.2 x 36.7 x 5.43 x
FCF Yield 3.15% 4.95% 3.38% 6.19% 2.73% 18.4%
Price to Book 3.83 x 9.61 x 3.38 x 2.89 x 2.21 x 1.59 x
Nbr of stocks (in thousands) 11,078 11,078 11,078 11,078 11,078 11,078
Reference price 2 542.5 705.0 696.0 639.0 544.0 417.0
Announcement Date 5/30/18 5/30/19 6/19/20 5/27/21 5/25/22 5/25/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February 2018 2019 2020 2021 2022 2023
Net sales 1 3,767 4,066 4,554 4,258 4,817 4,486
EBITDA 1 619 659 788 544 790 634
EBIT 1 495 545 662 416 587 407
Operating Margin 13.14% 13.4% 14.54% 9.77% 12.19% 9.07%
Earnings before Tax (EBT) 1 499 412 664 423 553 415
Net income 1 345 578 458 293 391 280
Net margin 9.16% 14.22% 10.06% 6.88% 8.12% 6.24%
EPS 2 31.14 52.17 41.57 26.62 35.50 25.61
Free Cash Flow 1 160.4 321.6 216.8 347 119.9 489.4
FCF margin 4.26% 7.91% 4.76% 8.15% 2.49% 10.91%
FCF Conversion (EBITDA) 25.91% 48.81% 27.51% 63.79% 15.17% 77.19%
FCF Conversion (Net income) 46.49% 55.64% 47.33% 118.43% 30.66% 174.78%
Dividend per Share - - - - - -
Announcement Date 5/30/18 5/30/19 6/19/20 5/27/21 5/25/22 5/25/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: February 2020 S1 2021 S1 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3 2024 Q1 2024 S1 2024 Q3
Net sales 1 1,951 2,151 2,462 1,254 1,034 2,174 1,016 1,112 2,424 1,250
EBITDA - - - - - - - - - -
EBIT 1 278 140 327 161 2 115 67 49 203 77
Operating Margin 14.25% 6.51% 13.28% 12.84% 0.19% 5.29% 6.59% 4.41% 8.37% 6.16%
Earnings before Tax (EBT) 1 280 145 293 161 3 117 68 135 289 84
Net income 1 192 99 206 121 - 80 43 99 206 61
Net margin 9.84% 4.6% 8.37% 9.65% - 3.68% 4.23% 8.9% 8.5% 4.88%
EPS 2 17.46 9.070 18.72 10.97 0.0500 7.340 3.920 9.080 18.92 5.550
Dividend per Share - - - - - - - - - -
Announcement Date 10/4/19 10/15/20 10/14/21 1/14/22 7/14/22 10/14/22 1/13/23 7/14/23 10/13/23 1/15/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: February 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 917 1,319 1,296 1,473 1,631 1,964
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 160 322 217 347 120 489
ROE (net income / shareholders' equity) 24.5% 32.1% 21.3% 12.5% 15.2% 10%
ROA (Net income/ Total Assets) 9.67% 11.4% 13.7% 7.66% 10.4% 6.91%
Assets 1 3,568 5,052 3,351 3,824 3,772 4,051
Book Value Per Share 2 142.0 73.30 206.0 221.0 246.0 263.0
Cash Flow per Share 2 82.80 47.60 118.0 134.0 148.0 180.0
Capex 1 1 1 13 40 27 14
Capex / Sales 0.03% 0.02% 0.29% 0.94% 0.56% 0.31%
Announcement Date 5/30/18 5/30/19 6/19/20 5/27/21 5/25/22 5/25/23
1JPY in Million2JPY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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