FUJIFILM HOLDINGS CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,610 JPY | +1.72% |
|
+4.52% | +27.82% |
| May. 10 | Fujifilm’s Attributable Profit Gains 11% in Fiscal 2024 | MT |
| Apr. 26 | FUJIFILM Holdings Corporation Introduces Transducer for On-Pump Intracardiac Echocardiography Imaging for Septal Myectomy | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,060,088 | 2,175,972 | 2,626,962 | 3,006,644 | 2,777,163 | 4,273,237 | - | - |
| Enterprise Value (EV) 1 | 1,929,453 | 2,404,050 | 2,735,247 | 2,967,512 | 2,884,708 | 4,380,728 | 4,899,937 | 4,982,358 |
| P/E ratio | 15.4 x | 17.8 x | 14.5 x | 14.2 x | 12.2 x | 16.7 x | 17.4 x | 16 x |
| Yield | 1.59% | 1.75% | 1.52% | 1.47% | 1.94% | 1.48% | 1.66% | 1.63% |
| Capitalization / Revenue | 0.85 x | 0.94 x | 1.2 x | 1.19 x | 0.97 x | 1.37 x | 1.39 x | 1.33 x |
| EV / Revenue | 0.79 x | 1.04 x | 1.25 x | 1.17 x | 1.01 x | 1.48 x | 1.59 x | 1.54 x |
| EV / EBITDA | 5.68 x | 7.77 x | 9.47 x | 8.18 x | 6.95 x | 10.3 x | 9.81 x | 9.01 x |
| EV / FCF | 47.3 x | 14.1 x | 8.55 x | 17.4 x | -25.6 x | -36.7 x | -26 x | 74 x |
| FCF Yield | 2.11% | 7.11% | 11.7% | 5.74% | -3.91% | -2.73% | -3.84% | 1.35% |
| Price to Book | 1.01 x | 1.11 x | 1.19 x | 1.2 x | 0.97 x | 1.28 x | 1.35 x | 1.29 x |
| Nbr of stocks (in thousands) | 1,227,705 | 1,200,205 | 1,199,344 | 1,202,337 | 1,243,877 | 1,204,068 | - | - |
| Reference price 2 | 1,678 | 1,813 | 2,190 | 2,501 | 2,233 | 3,610 | 3,610 | 3,610 |
| Announcement Date | 5/8/19 | 5/22/20 | 5/12/21 | 5/11/22 | 5/10/23 | 5/9/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,431,489 | 2,315,141 | 2,192,519 | 2,525,773 | 2,859,041 | 2,960,916 | 3,080,878 | 3,224,863 |
| EBITDA 1 | 339,759 | 309,223 | 288,896 | 362,701 | 415,294 | 426,739 | 499,453 | 552,938 |
| EBIT 1 | 209,827 | 186,570 | 165,473 | 229,702 | 273,079 | 276,725 | 316,753 | 352,511 |
| Operating Margin | 8.63% | 8.06% | 7.55% | 9.09% | 9.55% | 9.35% | 10.28% | 10.93% |
| Earnings before Tax (EBT) 1 | 212,762 | 173,071 | 235,870 | 260,446 | 282,224 | 317,288 | 326,645 | 358,974 |
| Net income 1 | 138,106 | 124,987 | 181,205 | 211,180 | 219,422 | 243,509 | 247,290 | 271,142 |
| Net margin | 5.68% | 5.4% | 8.26% | 8.36% | 7.67% | 8.22% | 8.03% | 8.41% |
| EPS 2 | 108.9 | 102.1 | 151.1 | 175.8 | 182.4 | 202.3 | 207.9 | 225.3 |
| Free Cash Flow 1 | 40,758 | 170,990 | 319,978 | 170,392 | -112,773 | -119,475 | -188,100 | 67,286 |
| FCF margin | 1.68% | 7.39% | 14.59% | 6.75% | -3.94% | -4.04% | -6.11% | 2.09% |
| FCF Conversion (EBITDA) | 12% | 55.3% | 110.76% | 46.98% | - | - | - | 12.17% |
| FCF Conversion (Net income) | 29.51% | 136.81% | 176.58% | 80.69% | - | - | - | 24.82% |
| Dividend per Share 2 | 26.67 | 31.67 | 33.33 | 36.67 | 43.33 | 50.00 | 60.00 | 58.87 |
| Announcement Date | 5/8/19 | 5/22/20 | 5/12/21 | 5/11/22 | 5/10/23 | 5/9/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 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 | 1,132,134 | 1,183,007 | 997,389 | 1,195,130 | 622,481 | 1,205,134 | 655,768 | 664,871 | 1,320,639 | 625,860 | 724,071 | 1,349,931 | 744,329 | 764,781 | 1,509,110 | 660,759 | 727,711 | 1,388,470 | 766,941 | 805,505 | 1,572,446 | 700,197 | 767,052 | 1,439,000 | 800,039 | 806,880 | 1,621,000 |
| EBITDA | - | - | - | - | 85,264 | - | 111,314 | 78,508 | - | 84,622 | 107,023 | - | 117,726 | 105,923 | - | 88,171 | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 92,039 | 94,531 | 56,471 | 109,002 | 51,544 | 107,862 | 78,591 | 43,249 | 121,840 | 49,550 | 71,260 | 120,810 | 81,827 | 70,442 | 152,269 | 52,217 | 73,329 | 125,546 | 79,381 | 71,798 | 151,179 | 64,580 | 75,440 | - | 96,460 | 79,479 | - |
| Operating Margin | 8.13% | 7.99% | 5.66% | 9.12% | 8.28% | 8.95% | 11.98% | 6.5% | 9.23% | 7.92% | 9.84% | 8.95% | 10.99% | 9.21% | 10.09% | 7.9% | 10.08% | 9.04% | 10.35% | 8.91% | 9.61% | 9.22% | 9.84% | - | 12.06% | 9.85% | - |
| Earnings before Tax (EBT) 1 | 97,532 | 75,539 | 99,569 | 136,301 | 52,117 | 129,901 | 77,339 | 53,206 | 130,545 | 55,195 | 74,339 | 129,534 | 75,253 | 77,437 | 152,690 | 69,297 | 77,735 | 152,074 | 77,590 | 87,624 | 165,214 | 70,500 | 71,300 | - | 97,900 | 77,500 | - |
| Net income 1 | 61,145 | 63,842 | 67,606 | 113,599 | 38,951 | 96,258 | 60,848 | 54,074 | 114,922 | 41,364 | 53,799 | 95,163 | 58,572 | 65,687 | 124,259 | 54,412 | 59,148 | 113,560 | 60,200 | 69,749 | 129,949 | 51,035 | 56,203 | - | 77,768 | 60,912 | - |
| Net margin | 5.4% | 5.4% | 6.78% | 9.51% | 6.26% | 7.99% | 9.28% | 8.13% | 8.7% | 6.61% | 7.43% | 7.05% | 7.87% | 8.59% | 8.23% | 8.23% | 8.13% | 8.18% | 7.85% | 8.66% | 8.26% | 7.29% | 7.33% | - | 9.72% | 7.55% | - |
| EPS 2 | 49.79 | 52.27 | 56.37 | 94.72 | 32.40 | 80.18 | 50.62 | 44.98 | 95.59 | 34.40 | 44.73 | 79.13 | 48.68 | 54.59 | 103.3 | 45.22 | 49.14 | 94.36 | 50.00 | 57.93 | 107.9 | 65.63 | 51.19 | 91.27 | 66.30 | 56.15 | 124.5 |
| Dividend per Share 2 | 15.83 | 15.83 | 15.83 | 17.50 | 18.33 | 18.33 | - | 18.33 | 18.33 | - | 20.00 | 20.00 | - | 23.33 | 23.33 | - | 23.33 | 23.33 | - | 26.67 | 26.67 | - | 28.33 | 26.67 | - | 30.00 | 30.00 |
| Announcement Date | 11/12/19 | 5/22/20 | 11/10/20 | 5/12/21 | 11/4/21 | 11/4/21 | 2/9/22 | 5/11/22 | 5/11/22 | 8/10/22 | 11/10/22 | 11/10/22 | 2/8/23 | 5/10/23 | 5/10/23 | 8/9/23 | 11/8/23 | 11/8/23 | 2/8/24 | 5/9/24 | 5/9/24 | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 228,078 | 108,285 | - | 107,545 | 323,104 | 626,700 | 709,121 |
| Net Cash position 1 | 130,635 | - | - | 39,132 | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.7376 x | 0.3748 x | - | 0.259 x | 0.7571 x | 1.255 x | 1.282 x |
| Free Cash Flow 1 | 40,758 | 170,990 | 319,978 | 170,392 | -112,773 | -119,475 | -188,100 | 67,286 |
| ROE (net income / shareholders' equity) | 6.7% | 6.3% | 8.7% | 9% | 8.3% | 8.2% | 7.83% | 8.34% |
| ROA (Net income/ Total Assets) | 6.16% | 5.14% | 6.87% | 6.94% | 6.98% | 7.12% | 5.9% | 6.13% |
| Assets 1 | 2,241,908 | 2,432,416 | 2,639,252 | 3,042,466 | 3,144,726 | 3,422,060 | 4,191,358 | 4,419,836 |
| Book Value Per Share 2 | 1,659 | 1,629 | 1,838 | 2,081 | 2,296 | 2,632 | 2,679 | 2,806 |
| Cash Flow per Share 2 | 211.0 | 202.0 | 254.0 | 287.0 | 301.0 | 327.0 | 362.0 | 334.0 |
| Capex 1 | 75,372 | 84,677 | 100,883 | 155,230 | 288,306 | 422,073 | 564,157 | 450,926 |
| Capex / Sales | 3.1% | 3.66% | 4.6% | 6.15% | 10.08% | 14.25% | 18.31% | 13.98% |
| Announcement Date | 5/8/19 | 5/22/20 | 5/12/21 | 5/11/22 | 5/10/23 | 5/9/24 | - | - |
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
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
3,610
JPY
Average target price
3,910
JPY
Spread / Average Target
+8.30%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +27.82% | 27.25B | |
| +3.07% | 50B | |
| +22.22% | 42.94B | |
| +9.91% | 19.34B | |
| -1.61% | 16.7B | |
| +8.89% | 16.1B | |
| -11.69% | 15B | |
| -25.35% | 15.65B | |
| -17.88% | 14.12B | |
| +16.02% | 11.01B |
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