THE FURUKAWA BATTERY CO., LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,011 JPY | -0.10% |
|
+2.02% | +15.81% |
| 2023 | The Furukawa Battery Co., Ltd. Reports Earnings Results for the Full Year Ended March 31, 2023 | CI |
| 2021 | SK Innovation : shareholders approve plan to split off battery business -source | RE |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 32,385 | 22,879 | 17,864 | 55,985 | 42,087 | 35,039 |
| Enterprise Value (EV) 1 | 39,632 | 27,414 | 21,261 | 54,227 | 37,800 | 33,694 |
| P/E ratio | 15.2 x | 10.1 x | 7.98 x | 15.5 x | 11 x | 44 x |
| Yield | 1.01% | 1.58% | 2.39% | 1.29% | 1.71% | 1.78% |
| Capitalization / Revenue | 0.53 x | 0.36 x | 0.28 x | 0.93 x | 0.67 x | 0.5 x |
| EV / Revenue | 0.65 x | 0.43 x | 0.33 x | 0.9 x | 0.6 x | 0.48 x |
| EV / EBITDA | 7.16 x | 5.09 x | 3.54 x | 7.6 x | 6.34 x | 7.04 x |
| EV / FCF | -144 x | 7.33 x | 75.9 x | 12.7 x | 24.4 x | -11.3 x |
| FCF Yield | -0.69% | 13.6% | 1.32% | 7.9% | 4.1% | -8.88% |
| Price to Book | 1.39 x | 0.92 x | 0.67 x | 1.86 x | 1.29 x | 1.04 x |
| Nbr of stocks (in thousands) | 32,778 | 32,778 | 32,778 | 32,778 | 32,778 | 32,778 |
| Reference price 2 | 988.0 | 698.0 | 545.0 | 1,708 | 1,284 | 1,069 |
| Announcement Date | 6/26/18 | 6/26/19 | 6/25/20 | 6/25/21 | 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 | 60,536 | 63,600 | 64,486 | 59,958 | 62,785 | 69,538 |
| EBITDA 1 | 5,539 | 5,389 | 6,010 | 7,134 | 5,961 | 4,784 |
| EBIT 1 | 2,981 | 2,802 | 3,294 | 4,398 | 3,214 | 1,900 |
| Operating Margin | 4.92% | 4.41% | 5.11% | 7.34% | 5.12% | 2.73% |
| Earnings before Tax (EBT) 1 | 2,804 | 2,697 | 2,766 | 4,520 | 4,916 | 1,850 |
| Net income 1 | 2,136 | 2,267 | 2,238 | 3,614 | 3,837 | 797 |
| Net margin | 3.53% | 3.56% | 3.47% | 6.03% | 6.11% | 1.15% |
| EPS 2 | 65.17 | 69.16 | 68.28 | 110.3 | 117.1 | 24.32 |
| Free Cash Flow 1 | -275.1 | 3,742 | 280 | 4,285 | 1,549 | -2,994 |
| FCF margin | -0.45% | 5.88% | 0.43% | 7.15% | 2.47% | -4.31% |
| FCF Conversion (EBITDA) | - | 69.43% | 4.66% | 60.06% | 25.99% | - |
| FCF Conversion (Net income) | - | 165.05% | 12.51% | 118.56% | 40.37% | - |
| Dividend per Share 2 | 10.00 | 11.00 | 13.00 | 22.00 | 22.00 | 19.00 |
| Announcement Date | 6/26/18 | 6/26/19 | 6/25/20 | 6/25/21 | 6/24/22 | 6/28/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2024 Q1 | 2024 S1 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 29,367 | 25,457 | 26,799 | 16,356 | 14,027 | 29,830 | 18,394 | 14,736 | 32,430 | 20,889 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 686 | 849 | 562 | 893 | -174 | -381 | 513 | -309 | 42 | 1,016 |
| Operating Margin | 2.34% | 3.34% | 2.1% | 5.46% | -1.24% | -1.28% | 2.79% | -2.1% | 0.13% | 4.86% |
| Earnings before Tax (EBT) 1 | 544 | 865 | 734 | 935 | -90 | -236 | 606 | 640 | 1,024 | 1,003 |
| Net income 1 | 575 | 674 | 563 | 736 | -127 | -228 | -339 | 429 | 594 | 667 |
| Net margin | 1.96% | 2.65% | 2.1% | 4.5% | -0.91% | -0.76% | -1.84% | 2.91% | 1.83% | 3.19% |
| EPS 2 | 17.54 | 20.59 | 17.18 | 22.47 | -3.890 | -6.980 | -10.33 | 13.09 | 18.15 | 20.32 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/1/19 | 11/5/20 | 11/4/21 | 2/3/22 | 8/4/22 | 11/8/22 | 2/7/23 | 8/3/23 | 11/9/23 | 2/8/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 7,247 | 4,535 | 3,397 | - | - | - |
| Net Cash position 1 | - | - | - | 1,758 | 4,287 | 1,345 |
| Leverage (Debt/EBITDA) | 1.308 x | 0.8415 x | 0.5652 x | - | - | - |
| Free Cash Flow 1 | -275 | 3,742 | 280 | 4,285 | 1,549 | -2,994 |
| ROE (net income / shareholders' equity) | 6.84% | 6.14% | 6.3% | 11.8% | 11.4% | 2.03% |
| ROA (Net income/ Total Assets) | 3.39% | 3.21% | 3.8% | 4.92% | 3.39% | 1.92% |
| Assets 1 | 63,068 | 70,722 | 58,865 | 73,445 | 113,049 | 41,599 |
| Book Value Per Share 2 | 711.0 | 757.0 | 809.0 | 919.0 | 993.0 | 1,028 |
| Cash Flow per Share 2 | 79.00 | 79.80 | 81.20 | 179.0 | 211.0 | 94.50 |
| Capex 1 | 2,511 | 1,788 | 2,860 | 2,049 | 2,080 | 2,102 |
| Capex / Sales | 4.15% | 2.81% | 4.44% | 3.42% | 3.31% | 3.02% |
| Announcement Date | 6/26/18 | 6/26/19 | 6/25/20 | 6/25/21 | 6/24/22 | 6/28/23 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +15.81% | 211M | |
| -22.45% | 2.69B | |
| +0.62% | 1.3B | |
| +73.37% | 961M | |
| -10.47% | 896M | |
| -42.99% | 358M | |
| +17.93% | 308M | |
| -3.47% | 196M | |
| -14.46% | 86.16M |
- Stock Market
- Equities
- 6937 Stock
- Financials The Furukawa Battery Co., Ltd.
