Financials Kokusai Electric Corporation

Equities

6525

JP3293330001

Semiconductor Equipment & Testing

Market Closed - Japan Exchange 02:00:00 2024-06-07 am EDT 5-day change 1st Jan Change
4,375 JPY -0.46% Intraday chart for Kokusai Electric Corporation +1.74% +42.74%

Valuation

Fiscal Period: Maart 2024 2025 2026
Capitalization 1 1,022,403 - -
Enterprise Value (EV) 1 974,790 994,464 979,070
P/E ratio 43.3 x 31.8 x 22.1 x
Yield 0.26% 0.8% 1.22%
Capitalization / Revenue 5.39 x 4.62 x 3.78 x
EV / Revenue 5.39 x 4.5 x 3.62 x
EV / EBITDA 23.4 x 17.2 x 13.1 x
EV / FCF -108 x 84 x 22.3 x
FCF Yield -0.92% 1.19% 4.49%
Price to Book 5.21 x 4.8 x 4.24 x
Nbr of stocks (in thousands) 233,692 - -
Reference price 2 4,375 4,375 4,375
Announcement Date 5/10/24 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2023 2024 2025 2026
Net sales 1 245,721 180,838 221,067 270,204
EBITDA 1 - 41,690 57,865 74,957
EBIT 1 - 30,745 45,856 64,580
Operating Margin - 17% 20.74% 23.9%
Earnings before Tax (EBT) 1 - 29,757 45,054 63,151
Net income 1 40,305 22,374 31,884 45,874
Net margin 16.4% 12.37% 14.42% 16.98%
EPS 2 - 96.82 137.4 197.9
Free Cash Flow 1 - -9,008 11,845 43,912
FCF margin - -4.98% 5.36% 16.25%
FCF Conversion (EBITDA) - - 20.47% 58.58%
FCF Conversion (Net income) - - 37.15% 95.72%
Dividend per Share 2 - 11.00 34.83 53.43
Announcement Date 9/21/23 5/10/24 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Net sales 1 44,995 77,705 53,956 49,177 103,133 52,700 53,380 54,460 59,740
EBITDA - - - - - - - - -
EBIT 1 9,368 13,373 10,689 6,683 17,372 11,267 11,260 11,260 13,060
Operating Margin 20.82% 17.21% 19.81% 13.59% 16.84% 21.38% 21.09% 20.68% 21.86%
Earnings before Tax (EBT) 1 9,145 12,872 10,742 6,143 16,885 8,500 - - -
Net income 1 6,158 8,813 7,914 5,647 13,561 7,100 7,333 7,633 9,833
Net margin 13.69% 11.34% 14.67% 11.48% 13.15% 13.47% 13.74% 14.02% 16.46%
EPS 2 26.73 38.25 34.29 24.28 58.57 28.95 28.74 28.75 41.43
Dividend per Share - - - - - - - - -
Announcement Date 11/9/23 11/9/23 2/9/24 5/10/24 5/10/24 - - - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2023 2024 2025 2026
Net Debt 1 - 399 - -
Net Cash position 1 - - 27,939 43,333
Leverage (Debt/EBITDA) - 0.009571 x - -
Free Cash Flow 1 - -9,008 11,845 43,912
ROE (net income / shareholders' equity) - 12.8% 16.5% 21.1%
ROA (Net income/ Total Assets) - 5.97% 10.4% 12.8%
Assets 1 - 374,486 306,188 358,872
Book Value Per Share 2 - 804.0 911.0 1,032
Cash Flow per Share 2 - 144.0 166.0 240.0
Capex 1 - 11,950 19,600 7,675
Capex / Sales - 6.61% 8.87% 2.84%
Announcement Date 9/21/23 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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
4,375 JPY
Average target price
5,074 JPY
Spread / Average Target
+15.99%
Consensus
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