Financials Kokusai Electric Corporation

Equities

6525

JP3293330001

Semiconductor Equipment & Testing

Delayed Japan Exchange 02:00:00 2024-06-11 am EDT 5-day change 1st Jan Change
4,745 JPY +3.83% Intraday chart for Kokusai Electric Corporation +12.98% +54.81%

Valuation

Fiscal Period: March 2024 2025 2026
Capitalization 1 1,108,869 - -
Enterprise Value (EV) 1 974,790 1,075,760 1,063,258
P/E ratio 43.3 x 33.2 x 22.8 x
Yield 0.26% 0.78% 1.18%
Capitalization / Revenue 5.39 x 5.01 x 4.09 x
EV / Revenue 5.39 x 4.86 x 3.92 x
EV / EBITDA 23.4 x 18.9 x 14 x
EV / FCF -108 x 91.5 x 23.8 x
FCF Yield -0.92% 1.09% 4.2%
Price to Book 5.21 x 5.03 x 4.41 x
Nbr of stocks (in thousands) 233,692 - -
Reference price 2 4,570 4,570 4,570
Announcement Date 5/10/24 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2023 2024 2025 2026
Net sales 1 245,721 180,838 221,511 271,315
EBITDA 1 - 41,690 57,054 76,123
EBIT 1 - 30,745 46,078 65,358
Operating Margin - 17% 20.8% 24.09%
Earnings before Tax (EBT) 1 - 29,757 45,339 64,151
Net income 1 40,305 22,374 31,995 46,430
Net margin 16.4% 12.37% 14.44% 17.11%
EPS 2 - 96.82 137.7 200.0
Free Cash Flow 1 - -9,008 11,763 44,630
FCF margin - -4.98% 5.31% 16.45%
FCF Conversion (EBITDA) - - 20.62% 58.63%
FCF Conversion (Net income) - - 36.76% 96.12%
Dividend per Share 2 - 11.00 35.57 54.00
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 S1 2025 Q3 2025 Q4
Net sales 1 44,995 77,705 53,956 49,177 103,133 52,171 53,400 102,500 54,967 59,617
EBITDA - - - - - - - - - -
EBIT 1 9,368 13,373 10,689 6,683 17,372 10,714 11,183 18,200 11,467 13,400
Operating Margin 20.82% 17.21% 19.81% 13.59% 16.84% 20.54% 20.94% 17.76% 20.86% 22.48%
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% 13.61% 13.73% - 13.89% 16.49%
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 - - 33,109 45,611
Leverage (Debt/EBITDA) - 0.009571 x - -
Free Cash Flow 1 - -9,008 11,763 44,630
ROE (net income / shareholders' equity) - 12.8% 16.5% 21.3%
ROA (Net income/ Total Assets) - 5.97% 10.4% 13%
Assets 1 - 374,486 306,764 357,623
Book Value Per Share 2 - 804.0 908.0 1,037
Cash Flow per Share 2 - 144.0 166.0 240.0
Capex 1 - 11,950 19,600 7,925
Capex / Sales - 6.61% 8.85% 2.92%
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
4,570 JPY
Average target price
5,108 JPY
Spread / Average Target
+11.77%
Consensus
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