TEIJIN LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,516 JPY | +0.03% |
|
+2.26% | +13.43% |
| Feb. 09 | Teijin Swings to Fiscal Q1-Q3 Profit | MT |
| Feb. 08 | Transcript : Teijin Limited, Q3 2024 Earnings Call, Feb 08, 2024 |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 350,209 | 351,042 | 366,068 | 261,822 | 268,219 | 291,846 | - | - |
| Enterprise Value (EV) 1 | 584,166 | 607,219 | 563,202 | 610,986 | 651,601 | 658,045 | 643,132 | 626,542 |
| P/E ratio | 7.86 x | 13.9 x | -55 x | 11.3 x | -15.2 x | 41 x | 19.8 x | 14.6 x |
| Yield | 3.83% | 3.28% | 2.62% | 4.04% | 2.87% | 1.98% | 2.31% | 2.57% |
| Capitalization / Revenue | 0.39 x | 0.41 x | 0.44 x | 0.28 x | 0.26 x | 0.28 x | 0.27 x | 0.26 x |
| EV / Revenue | 0.66 x | 0.71 x | 0.67 x | 0.66 x | 0.64 x | 0.64 x | 0.6 x | 0.57 x |
| EV / EBITDA | 5.43 x | 5.66 x | 5.27 x | 5.41 x | 7.42 x | 6.74 x | 5.67 x | 5.12 x |
| EV / FCF | 32.3 x | 23.7 x | 20 x | -5.62 x | 245 x | -2,193 x | 32.3 x | 23.1 x |
| FCF Yield | 3.09% | 4.21% | 5% | -17.8% | 0.41% | -0.05% | 3.1% | 4.33% |
| Price to Book | 0.85 x | 0.89 x | 0.9 x | 0.6 x | 0.63 x | 0.68 x | 0.67 x | 0.65 x |
| Nbr of stocks (in thousands) | 191,791 | 191,826 | 191,960 | 192,092 | 192,134 | 192,510 | - | - |
| Reference price 2 | 1,826 | 1,830 | 1,907 | 1,363 | 1,396 | 1,516 | 1,516 | 1,516 |
| Announcement Date | 5/9/19 | 5/8/20 | 5/11/21 | 5/12/22 | 5/11/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 888,589 | 853,746 | 836,512 | 926,054 | 1,018,751 | 1,028,520 | 1,071,440 | 1,107,480 |
| EBITDA 1 | 107,551 | 107,200 | 106,800 | 113,000 | 87,781 | 97,625 | 113,475 | 122,475 |
| EBIT 1 | 60,000 | 56,205 | 54,931 | 44,208 | 12,863 | 14,950 | 33,480 | 41,300 |
| Operating Margin | 6.75% | 6.58% | 6.57% | 4.77% | 1.26% | 1.45% | 3.12% | 3.73% |
| Earnings before Tax (EBT) 1 | 60,360 | 41,557 | 9,351 | 44,065 | -1,490 | 18,325 | 27,625 | 36,050 |
| Net income 1 | 45,057 | 25,252 | -6,662 | 23,158 | -17,695 | 7,125 | 14,780 | 19,940 |
| Net margin | 5.07% | 2.96% | -0.8% | 2.5% | -1.74% | 0.69% | 1.38% | 1.8% |
| EPS 2 | 232.4 | 131.6 | -34.70 | 120.6 | -92.04 | 36.99 | 76.54 | 103.6 |
| Free Cash Flow 1 | 18,071 | 25,592 | 28,142 | -108,719 | 2,659 | -300 | 19,933 | 27,100 |
| FCF margin | 2.03% | 3% | 3.36% | -11.74% | 0.26% | -0.03% | 1.86% | 2.45% |
| FCF Conversion (EBITDA) | 16.8% | 23.87% | 26.35% | - | 3.03% | - | 17.57% | 22.13% |
| FCF Conversion (Net income) | 40.11% | 101.35% | - | - | - | - | 134.87% | 135.91% |
| Dividend per Share 2 | 70.00 | 60.00 | 50.00 | 55.00 | 40.00 | 30.00 | 35.00 | 39.00 |
| Announcement Date | 5/9/19 | 5/8/20 | 5/11/21 | 5/12/22 | 5/11/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: Maart | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 436,040 | 417,706 | 394,141 | 442,371 | 227,496 | 453,385 | 233,620 | 239,049 | 472,669 | 243,834 | 266,619 | 510,453 | 254,646 | 253,652 | 508,298 | 244,841 | 261,663 | 506,504 | 253,095 | 264,250 | 517,350 | 254,000 | 269,000 | 523,000 | 270,000 | 277,000 | 547,000 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 33,759 | 22,446 | 31,085 | 23,846 | 14,207 | 31,461 | 6,709 | 6,038 | 12,747 | 10,771 | 3,460 | 14,231 | 603 | -1,971 | -1,368 | 4,219 | 5,732 | 9,951 | -5,094 | 10,600 | 5,500 | 4,000 | 6,500 | 10,500 | 7,500 | 6,000 | 13,500 |
| Operating Margin | 7.74% | 5.37% | 7.89% | 5.39% | 6.24% | 6.94% | 2.87% | 2.53% | 2.7% | 4.42% | 1.3% | 2.79% | 0.24% | -0.78% | -0.27% | 1.72% | 2.19% | 1.96% | -2.01% | 4.01% | 1.06% | 1.57% | 2.42% | 2.01% | 2.78% | 2.17% | 2.47% |
| Earnings before Tax (EBT) | 28,977 | - | 27,692 | - | - | 34,067 | 9,439 | 559 | 9,998 | 14,489 | - | 19,762 | -10,635 | - | - | 7,252 | 1,464 | 8,716 | 1,989 | - | - | - | - | - | - | - | - |
| Net income 1 | 20,444 | 4,808 | 15,996 | -22,658 | 11,770 | 21,570 | 4,268 | -2,680 | 1,588 | 7,270 | 305 | 7,575 | -14,628 | -10,642 | -25,270 | 1,857 | -2,398 | -541 | 3,993 | 3,750 | 7,500 | 2,200 | 3,900 | 6,100 | 4,500 | 2,900 | 13,500 |
| Net margin | 4.69% | 1.15% | 4.06% | -5.12% | 5.17% | 4.76% | 1.83% | -1.12% | 0.34% | 2.98% | 0.11% | 1.48% | -5.74% | -4.2% | -4.97% | 0.76% | -0.92% | -0.11% | 1.58% | 1.42% | 1.45% | 0.87% | 1.45% | 1.17% | 1.67% | 1.05% | 2.47% |
| EPS | 106.6 | - | 83.34 | - | - | 112.3 | 22.21 | - | - | 37.84 | - | 39.41 | -76.10 | - | - | 9.650 | -12.46 | -2.810 | 20.75 | - | - | - | - | - | - | - | - |
| Dividend per Share | 30.00 | - | 25.00 | - | - | 27.50 | - | - | - | - | - | 27.50 | - | - | - | - | - | 15.00 | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/1/19 | 5/8/20 | 11/2/20 | 5/11/21 | 11/8/21 | 11/8/21 | 2/7/22 | 5/12/22 | 5/12/22 | 8/8/22 | 11/7/22 | 11/7/22 | 2/8/23 | 5/11/23 | 5/11/23 | 8/7/23 | 11/6/23 | 11/6/23 | 2/8/24 | - | - | - | - | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: Maart | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 233,957 | 256,177 | 197,134 | 349,164 | 383,382 | 366,200 | 351,286 | 334,696 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.175 x | 2.39 x | 1.846 x | 3.09 x | 4.367 x | 3.751 x | 3.096 x | 2.733 x |
| Free Cash Flow 1 | 18,071 | 25,592 | 28,142 | -108,719 | 2,659 | -300 | 19,933 | 27,100 |
| ROE (net income / shareholders' equity) | 11.2% | 6.3% | -1.7% | 5.5% | -4.1% | 1.68% | 3.41% | 4.48% |
| ROA (Net income/ Total Assets) | 6.01% | 5.37% | 5.26% | 4.43% | 0.74% | 1.07% | 2.04% | 2.75% |
| Assets 1 | 750,216 | 470,510 | -126,680 | 522,889 | -2,382,042 | 667,967 | 724,510 | 724,214 |
| Book Value Per Share 2 | 2,141 | 2,054 | 2,116 | 2,288 | 2,210 | 2,228 | 2,272 | 2,335 |
| Cash Flow per Share 2 | 478.0 | 397.0 | 235.0 | 479.0 | 298.0 | 445.0 | 495.0 | 516.0 |
| Capex 1 | 62,828 | 68,622 | 60,319 | 200,801 | 62,501 | 71,667 | 65,000 | 68,333 |
| Capex / Sales | 7.07% | 8.04% | 7.21% | 21.68% | 6.14% | 6.97% | 6.07% | 6.17% |
| Announcement Date | 5/9/19 | 5/8/20 | 5/11/21 | 5/12/22 | 5/11/23 | - | - | - |
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
C+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
5
Last Close Price
1,516
JPY
Average target price
1,340
JPY
Spread / Average Target
-11.61%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +13.43% | 1.85B | |
| +12.24% | 6.7B | |
| +4.92% | 3.55B | |
| +9.64% | 2.38B | |
| +20.29% | 2.31B | |
| -6.53% | 1.97B | |
| +5.33% | 1.78B | |
| +22.32% | 1.68B | |
| +29.04% | 1.64B | |
| +20.11% | 1.24B |
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- Financials Teijin Limited
