WATAMI CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 928 JPY | +0.11% |
|
+2.65% | -10.34% |
| Apr. 11 | South Korea's Genesis BBQ Rebrands Japanese Pub Brand Watami to Torimero | MT |
| Apr. 07 | Watami Co., Ltd. entered into asset purchase agreement to acquire Assets of Sonny Sushi for $4 million. | CI |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 54,809 | 63,018 | 36,705 | 40,688 | 37,949 | 36,186 |
| Enterprise Value (EV) 1 | 49,831 | 56,669 | 35,479 | 46,893 | 32,142 | 25,156 |
| P/E ratio | 365 x | 46 x | -12.4 x | -3.43 x | -20.6 x | 21.9 x |
| Yield | 0.53% | 0.47% | 0.27% | - | - | 0.83% |
| Capitalization / Revenue | 0.57 x | 0.67 x | 0.4 x | 0.67 x | 0.59 x | 0.46 x |
| EV / Revenue | 0.52 x | 0.6 x | 0.39 x | 0.77 x | 0.5 x | 0.32 x |
| EV / EBITDA | 12.8 x | 14.1 x | 11.4 x | -6.46 x | -25.6 x | 7.59 x |
| EV / FCF | 28.2 x | 69.2 x | -9.21 x | -8.49 x | -6.84 x | 6.56 x |
| FCF Yield | 3.54% | 1.44% | -10.9% | -11.8% | -14.6% | 15.2% |
| Price to Book | 3.35 x | 3.64 x | 2.56 x | 12.6 x | 2.62 x | 2.05 x |
| Nbr of stocks (in thousands) | 39,093 | 39,093 | 39,383 | 40,526 | 40,587 | 39,984 |
| Reference price 2 | 1,402 | 1,612 | 932.0 | 1,004 | 935.0 | 905.0 |
| Announcement Date | 6/19/18 | 6/25/19 | 6/29/20 | 6/28/21 | 6/27/22 | 6/26/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 96,458 | 94,701 | 90,928 | 60,852 | 64,362 | 77,922 |
| EBITDA 1 | 3,888 | 4,031 | 3,118 | -7,254 | -1,255 | 3,315 |
| EBIT 1 | 658 | 1,063 | 92 | -9,690 | -3,578 | 1,476 |
| Operating Margin | 0.68% | 1.12% | 0.1% | -15.92% | -5.56% | 1.89% |
| Earnings before Tax (EBT) 1 | 615 | 1,050 | -1,651 | -11,253 | -1,550 | 2,197 |
| Net income 1 | 150 | 1,373 | -2,945 | -11,561 | -1,844 | 1,674 |
| Net margin | 0.16% | 1.45% | -3.24% | -19% | -2.87% | 2.15% |
| EPS 2 | 3.837 | 35.06 | -74.88 | -292.7 | -45.48 | 41.26 |
| Free Cash Flow 1 | 1,765 | 818.4 | -3,851 | -5,522 | -4,697 | 3,835 |
| FCF margin | 1.83% | 0.86% | -4.23% | -9.08% | -7.3% | 4.92% |
| FCF Conversion (EBITDA) | 45.41% | 20.3% | - | - | - | 115.68% |
| FCF Conversion (Net income) | 1,176.92% | 59.6% | - | - | - | 229.08% |
| Dividend per Share 2 | 7.500 | 7.500 | 2.500 | - | - | 7.500 |
| Announcement Date | 6/19/18 | 6/25/19 | 6/29/20 | 6/28/21 | 6/27/22 | 6/26/23 |
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 | 45,357 | 28,627 | 28,630 | 18,071 | 17,844 | 39,050 | 20,116 | 19,691 | 40,314 | 22,241 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | -292 | -5,513 | -3,078 | 226 | -295 | 923 | 397 | 1,020 | 1,808 | 1,594 |
| Operating Margin | -0.64% | -19.26% | -10.75% | 1.25% | -1.65% | 2.36% | 1.97% | 5.18% | 4.48% | 7.17% |
| Earnings before Tax (EBT) 1 | -280 | -6,837 | -2,865 | 1,927 | 1,256 | 3,835 | -1,439 | 2,007 | 3,297 | 1,013 |
| Net income 1 | -563 | -7,155 | -3,003 | 1,865 | 882 | 3,229 | -1,336 | 1,782 | 2,799 | 853 |
| Net margin | -1.24% | -24.99% | -10.49% | 10.32% | 4.94% | 8.27% | -6.64% | 9.05% | 6.94% | 3.84% |
| EPS 2 | -14.35 | -181.5 | -77.20 | 43.06 | 21.76 | 79.54 | -32.93 | 44.58 | 69.96 | 12.23 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/14/19 | 11/13/20 | 11/12/21 | 2/14/22 | 8/12/22 | 11/11/22 | 2/10/23 | 8/10/23 | 11/14/23 | 2/9/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 6,205 | - | - |
| Net Cash position 1 | 4,978 | 6,349 | 1,226 | - | 5,807 | 11,030 |
| Leverage (Debt/EBITDA) | - | - | - | -0.8554 x | - | - |
| Free Cash Flow 1 | 1,765 | 818 | -3,851 | -5,522 | -4,697 | 3,835 |
| ROE (net income / shareholders' equity) | 1.01% | 7.83% | -18.7% | -129% | -20.5% | 10.2% |
| ROA (Net income/ Total Assets) | 1% | 1.64% | 0.14% | -14% | -4.61% | 1.69% |
| Assets 1 | 14,943 | 83,781 | -2,102,070 | 82,711 | 40,041 | 99,147 |
| Book Value Per Share 2 | 418.0 | 443.0 | 364.0 | 79.90 | 357.0 | 442.0 |
| Cash Flow per Share 2 | 381.0 | 382.0 | 403.0 | 504.0 | 760.0 | 788.0 |
| Capex 1 | 2,223 | 2,146 | 3,732 | 2,529 | 1,711 | 1,580 |
| Capex / Sales | 2.3% | 2.27% | 4.1% | 4.16% | 2.66% | 2.03% |
| Announcement Date | 6/19/18 | 6/25/19 | 6/29/20 | 6/28/21 | 6/27/22 | 6/26/23 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -10.34% | 236M | |
| +30.27% | 10.53B | |
| +14.77% | 8.49B | |
| +4.52% | 2.23B | |
| +12.84% | 2.16B | |
| -0.37% | 1.8B | |
| +7.74% | 1.69B | |
| -0.27% | 1.46B | |
| -10.32% | 980M | |
| -8.40% | 781M |
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