SECOM CO., LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9,985 JPY | -0.35% |
|
-0.15% | -1.67% |
| May. 10 | SECOM CO., LTD. announces an Equity Buyback for 4,500,000 shares, representing 2.14% for ¥30,000 million. | CI |
| May. 10 | SECOM CO., LTD. authorizes a Buyback Plan. | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,069,548 | 1,958,673 | 2,032,670 | 1,941,351 | 1,757,858 | 2,101,757 | - | - |
| Enterprise Value (EV) 1 | 1,624,247 | 1,582,696 | 1,578,016 | 1,459,595 | 1,118,600 | 2,301,596 | 1,657,957 | 1,629,557 |
| P/E ratio | 22.5 x | 22 x | 27.2 x | 20.6 x | 18.3 x | 22.7 x | 21.8 x | 20.8 x |
| Yield | 1.74% | 1.89% | 1.83% | 2.03% | 2.27% | 1.73% | 1.97% | 2.07% |
| Capitalization / Revenue | 2.04 x | 1.85 x | 1.96 x | 1.85 x | 1.6 x | 1.99 x | 1.77 x | 1.72 x |
| EV / Revenue | 1.6 x | 1.49 x | 1.52 x | 1.39 x | 1.02 x | 1.99 x | 1.4 x | 1.33 x |
| EV / EBITDA | 8.38 x | 7.61 x | 7.98 x | 6.92 x | 5.44 x | 7.41 x | 8.01 x | 7.57 x |
| EV / FCF | 21.3 x | 15.7 x | 11.8 x | 13.3 x | 14.7 x | 34.7 x | 20 x | 17.8 x |
| FCF Yield | 4.69% | 6.37% | 8.45% | 7.51% | 6.79% | 2.89% | 5% | 5.62% |
| Price to Book | 2.08 x | 1.89 x | 1.88 x | 1.72 x | 1.5 x | 1.88 x | 1.67 x | 1.6 x |
| Nbr of stocks (in thousands) | 218,261 | 218,261 | 218,262 | 218,916 | 215,318 | 210,491 | - | - |
| Reference price 2 | 9,482 | 8,974 | 9,313 | 8,868 | 8,164 | 9,985 | 9,985 | 9,985 |
| Announcement Date | 5/14/19 | 5/12/20 | 5/13/21 | 5/12/22 | 5/11/23 | 5/10/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,013,823 | 1,060,070 | 1,035,898 | 1,049,859 | 1,101,307 | 1,154,740 | 1,186,688 | 1,221,998 |
| EBITDA 1 | 193,820 | 207,996 | 197,630 | 210,959 | 205,640 | 208,250 | 206,866 | 215,152 |
| EBIT 1 | 130,213 | 142,858 | 136,925 | 143,499 | 136,700 | 140,658 | 142,403 | 148,663 |
| Operating Margin | 12.84% | 13.48% | 13.22% | 13.67% | 12.41% | 12.18% | 12% | 12.17% |
| Earnings before Tax (EBT) 1 | 143,960 | 147,855 | 128,800 | 152,013 | 153,367 | 163,765 | 155,900 | 161,725 |
| Net income 1 | 92,009 | 89,080 | 74,681 | 94,273 | 96,085 | 101,951 | 95,680 | 99,707 |
| Net margin | 9.08% | 8.4% | 7.21% | 8.98% | 8.72% | 8.83% | 8.06% | 8.16% |
| EPS 2 | 421.6 | 408.1 | 342.2 | 431.3 | 445.0 | 482.0 | 458.0 | 480.8 |
| Free Cash Flow 1 | 76,130 | 100,783 | 133,396 | 109,560 | 75,980 | 66,420 | 82,904 | 91,645 |
| FCF margin | 7.51% | 9.51% | 12.88% | 10.44% | 6.9% | 5.75% | 6.99% | 7.5% |
| FCF Conversion (EBITDA) | 39.28% | 48.45% | 67.5% | 51.93% | 36.95% | 46.39% | 40.08% | 42.6% |
| FCF Conversion (Net income) | 82.74% | 113.14% | 178.62% | 116.22% | 79.08% | 65.15% | 86.65% | 91.91% |
| Dividend per Share 2 | 165.0 | 170.0 | 170.0 | 180.0 | 185.0 | 190.0 | 196.2 | 206.2 |
| Announcement Date | 5/14/19 | 5/12/20 | 5/13/21 | 5/12/22 | 5/11/23 | 5/10/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2021 S2 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 503,774 | 491,202 | 544,696 | 258,381 | 502,658 | 263,662 | 283,539 | 246,123 | 268,985 | 515,108 | 279,214 | 306,985 | - | 265,072 | 279,678 | 544,750 | 290,876 | 319,114 | 269,198 | 286,162 | 297,442 | 326,998 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 65,060 | 60,729 | 76,196 | 37,169 | 71,185 | 38,686 | 33,628 | 30,418 | 30,197 | 60,615 | 39,433 | 36,652 | 76,085 | 30,591 | 32,553 | 63,144 | 40,500 | 37,014 | 29,847 | 32,016 | 41,296 | 38,836 |
| Operating Margin | 12.91% | 12.36% | 13.99% | 14.39% | 14.16% | 14.67% | 11.86% | 12.36% | 11.23% | 11.77% | 14.12% | 11.94% | - | 11.54% | 11.64% | 11.59% | 13.92% | 11.6% | 11.09% | 11.19% | 13.88% | 11.88% |
| Earnings before Tax (EBT) 1 | 71,106 | 55,655 | 73,145 | 39,256 | 77,060 | 39,978 | 34,975 | 35,551 | 33,558 | 69,109 | 44,306 | 39,952 | - | 41,174 | 37,221 | 78,395 | 43,259 | 42,111 | 33,422 | 35,141 | 44,570 | 41,960 |
| Net income 1 | 43,368 | 32,360 | 42,321 | 24,116 | 48,013 | 25,360 | 20,900 | 23,061 | 20,872 | 43,933 | 27,989 | 24,163 | - | 26,781 | 22,441 | 49,222 | 27,124 | 25,605 | 20,770 | 21,604 | 27,578 | 25,544 |
| Net margin | 8.61% | 6.59% | 7.77% | 9.33% | 9.55% | 9.62% | 7.37% | 9.37% | 7.76% | 8.53% | 10.02% | 7.87% | - | 10.1% | 8.02% | 9.04% | 9.32% | 8.02% | 7.72% | 7.55% | 9.27% | 7.81% |
| EPS | 198.7 | 148.3 | - | 110.5 | 220.0 | 115.8 | 95.49 | 106.5 | 96.68 | 203.2 | 129.6 | 112.2 | - | 125.6 | - | 231.4 | 128.8 | - | - | - | - | - |
| Dividend per Share | 85.00 | 85.00 | - | - | 90.00 | - | - | - | - | 90.00 | - | - | - | - | - | 95.00 | - | - | - | - | - | - |
| Announcement Date | 11/8/19 | 11/9/20 | 5/13/21 | 11/10/21 | 11/10/21 | 2/10/22 | 5/12/22 | 8/9/22 | 11/10/22 | 11/10/22 | 2/9/23 | 5/11/23 | 5/11/23 | 8/9/23 | 11/9/23 | 11/9/23 | 2/8/24 | 5/10/24 | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 445,301 | 375,977 | 454,654 | 481,756 | 639,258 | 559,000 | 443,800 | 472,200 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 76,130 | 100,783 | 133,396 | 109,560 | 75,980 | 66,420 | 82,904 | 91,645 |
| ROE (net income / shareholders' equity) | 9.4% | 8.8% | 7.1% | 8.6% | 8.4% | 8.5% | 7.75% | 7.87% |
| ROA (Net income/ Total Assets) | 8.31% | 8.46% | 7.56% | 8.12% | 8.01% | 8.2% | 6.15% | 6.3% |
| Assets 1 | 1,106,660 | 1,053,564 | 988,466 | 1,160,653 | 1,199,129 | 1,243,338 | 1,555,772 | 1,582,646 |
| Book Value Per Share 2 | 4,562 | 4,743 | 4,958 | 5,147 | 5,428 | 5,817 | 5,985 | 6,226 |
| Cash Flow per Share | 688.0 | 681.0 | 621.0 | 714.0 | 735.0 | 790.0 | - | - |
| Capex 1 | 72,799 | 74,776 | 65,913 | 69,085 | 107,968 | 99,340 | 100,300 | 86,150 |
| Capex / Sales | 7.18% | 7.05% | 6.36% | 6.58% | 9.8% | 8.6% | 8.45% | 7.05% |
| Announcement Date | 5/14/19 | 5/12/20 | 5/13/21 | 5/12/22 | 5/11/23 | 5/10/24 | - | - |
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
C+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
9,985
JPY
Average target price
10,367
JPY
Spread / Average Target
+3.82%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -1.67% | 13.45B | |
| +14.02% | 6.1B | |
| -30.14% | 1.86B | |
| +1.82% | 1.01B | |
| -3.35% | 824M | |
| +54.25% | 528M | |
| +3.97% | 500M | |
| -26.53% | 484M | |
| +11.97% | 273M | |
| +32.24% | 116M |
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- Financials Secom Co., Ltd.
