T. HASEGAWA CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,085 JPY | +0.49% |
|
+0.82% | -0.64% |
| Feb. 12 | T. Hasegawa's US Unit to Absorb Wholly Owned Subsidiary | MT |
| Jan. 15 | T.Hasegawa to Issue Stock Options to Directors | MT |
Valuation
| Fiscal Period: September | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 99,815 | 82,695 | 87,637 | 109,737 | 123,437 | 125,493 |
| Enterprise Value (EV) 1 | 80,696 | 58,966 | 59,053 | 86,701 | 94,087 | 92,794 |
| P/E ratio | 24.4 x | 20.2 x | 17.3 x | 16.4 x | 15.5 x | 18.9 x |
| Yield | 1.49% | 1.75% | 1.89% | 2.06% | 2.03% | 2% |
| Capitalization / Revenue | 2.01 x | 1.64 x | 1.75 x | 1.97 x | 1.98 x | 1.93 x |
| EV / Revenue | 1.62 x | 1.17 x | 1.18 x | 1.56 x | 1.51 x | 1.43 x |
| EV / EBITDA | 9.52 x | 7.32 x | 7.06 x | 8.16 x | 7.66 x | 7.66 x |
| EV / FCF | 23.8 x | 10.6 x | 14.2 x | 17.8 x | 38.8 x | 28.4 x |
| FCF Yield | 4.21% | 9.41% | 7.02% | 5.62% | 2.58% | 3.52% |
| Price to Book | 1.06 x | 0.92 x | 0.95 x | 1.12 x | 1.11 x | 1.08 x |
| Nbr of stocks (in thousands) | 42,438 | 41,451 | 41,475 | 41,100 | 41,146 | 41,145 |
| Reference price 2 | 2,352 | 1,995 | 2,113 | 2,670 | 3,000 | 3,050 |
| Announcement Date | 12/21/18 | 12/20/19 | 12/25/20 | 12/23/21 | 12/23/22 | 12/22/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: September | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 49,751 | 50,493 | 50,192 | 55,755 | 62,398 | 64,874 |
| EBITDA 1 | 8,475 | 8,052 | 8,360 | 10,619 | 12,282 | 12,120 |
| EBIT 1 | 5,059 | 4,679 | 5,357 | 6,861 | 8,052 | 7,508 |
| Operating Margin | 10.17% | 9.27% | 10.67% | 12.31% | 12.9% | 11.57% |
| Earnings before Tax (EBT) 1 | 5,520 | 5,464 | 7,028 | 9,692 | 11,267 | 9,321 |
| Net income 1 | 4,100 | 4,121 | 5,090 | 6,763 | 8,007 | 6,671 |
| Net margin | 8.24% | 8.16% | 10.14% | 12.13% | 12.83% | 10.28% |
| EPS 2 | 96.43 | 98.77 | 122.3 | 163.0 | 194.0 | 161.5 |
| Free Cash Flow 1 | 3,395 | 5,551 | 4,147 | 4,869 | 2,427 | 3,263 |
| FCF margin | 6.82% | 10.99% | 8.26% | 8.73% | 3.89% | 5.03% |
| FCF Conversion (EBITDA) | 40.06% | 68.94% | 49.61% | 45.85% | 19.76% | 26.92% |
| FCF Conversion (Net income) | 82.8% | 134.71% | 81.48% | 72% | 30.31% | 48.92% |
| Dividend per Share 2 | 35.00 | 35.00 | 40.00 | 55.00 | 61.00 | 61.00 |
| Announcement Date | 12/21/18 | 12/20/19 | 12/25/20 | 12/23/21 | 12/23/22 | 12/22/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: September | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 26,025 | 24,462 | 25,730 | 26,135 | 14,632 | 29,620 | 14,295 | 14,904 | 29,199 | 16,591 | 16,608 | 33,199 | 15,515 | 31,313 | 16,852 | 16,413 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 2,457 | 2,469 | 2,887 | 2,968 | 1,572 | 3,891 | 1,614 | 2,209 | 3,823 | 2,409 | 1,819 | 4,228 | 1,532 | 3,585 | 2,360 | 1,828 |
| Operating Margin | 9.44% | 10.09% | 11.22% | 11.36% | 10.74% | 13.14% | 11.29% | 14.82% | 13.09% | 14.52% | 10.95% | 12.74% | 9.87% | 11.45% | 14% | 11.14% |
| Earnings before Tax (EBT) 1 | - | 3,008 | - | 4,435 | - | - | 1,754 | - | 4,739 | 4,474 | - | - | 1,425 | 3,947 | 3,610 | 1,852 |
| Net income 1 | - | 2,092 | - | 3,138 | - | - | 1,217 | - | 3,318 | 3,220 | - | - | 1,041 | 2,824 | 2,531 | 1,331 |
| Net margin | - | 8.55% | - | 12.01% | - | - | 8.51% | - | 11.36% | 19.41% | - | - | 6.71% | 9.02% | 15.02% | 8.11% |
| EPS 2 | - | 50.49 | - | 75.65 | - | - | 29.60 | - | 80.69 | 78.27 | - | - | 25.30 | 68.65 | 61.51 | 32.35 |
| Dividend per Share | - | 18.00 | - | 22.00 | - | - | - | - | 29.00 | - | - | - | - | 30.00 | - | - |
| Announcement Date | 11/8/19 | 5/8/20 | 11/6/20 | 5/7/21 | 11/12/21 | 11/12/21 | 2/4/22 | 5/11/22 | 5/11/22 | 8/8/22 | 11/11/22 | 11/11/22 | 2/3/23 | 5/12/23 | 8/7/23 | 2/9/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: September | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 19,119 | 23,729 | 28,584 | 23,036 | 29,350 | 32,699 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 3,395 | 5,551 | 4,147 | 4,869 | 2,427 | 3,263 |
| ROE (net income / shareholders' equity) | 4.5% | 4.46% | 5.58% | 7.1% | 7.7% | 5.87% |
| ROA (Net income/ Total Assets) | 2.76% | 2.51% | 2.95% | 3.66% | 3.95% | 3.44% |
| Assets 1 | 148,518 | 164,242 | 172,788 | 184,837 | 202,463 | 193,829 |
| Book Value Per Share 2 | 2,229 | 2,180 | 2,223 | 2,392 | 2,698 | 2,827 |
| Cash Flow per Share 2 | 286.0 | 379.0 | 400.0 | 463.0 | 495.0 | 625.0 |
| Capex 1 | 1,816 | 2,056 | 3,150 | 2,572 | 3,602 | 2,805 |
| Capex / Sales | 3.65% | 4.07% | 6.28% | 4.61% | 5.77% | 4.32% |
| Announcement Date | 12/21/18 | 12/20/19 | 12/25/20 | 12/23/21 | 12/23/22 | 12/22/23 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -0.64% | 806M | |
| +4.41% | 103B | |
| +1.20% | 68.41B | |
| +44.29% | 39.97B | |
| +15.99% | 38.97B | |
| +5.14% | 33.12B | |
| +5.29% | 19.41B | |
| +12.32% | 16.73B | |
| +8.31% | 15.34B | |
| +17.69% | 15.07B |
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- Financials T. Hasegawa Co., Ltd.
