ANRITSU CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,252 JPY | -0.44% |
|
+4.59% | -7.98% |
| Apr. 26 | Japanese Shares Close Up Week as Yen Slips After BoJ Rate Decision | MT |
| Apr. 26 | Anritsu's Fiscal 2023 Attributable Profit Slumps on Weak Test, Measurement Revenue; Shares Down 3% | MT |
Valuation
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 275,654 | 332,082 | 209,584 | 160,771 | 162,814 | 164,961 | - | - |
| Enterprise Value (EV) 1 | 244,903 | 286,403 | 168,432 | 128,672 | 121,756 | 123,363 | 122,831 | 121,757 |
| P/E ratio | 20.6 x | 20.6 x | 16.5 x | 17.4 x | 21.2 x | 19.3 x | 17.1 x | 14.6 x |
| Yield | 1.55% | 1.66% | 2.58% | 3.28% | 3.23% | 3.19% | 3.37% | 3.62% |
| Capitalization / Revenue | 2.58 x | 3.14 x | 1.99 x | 1.45 x | 1.48 x | 1.44 x | 1.37 x | 1.28 x |
| EV / Revenue | 2.29 x | 2.7 x | 1.6 x | 1.16 x | 1.11 x | 1.08 x | 1.02 x | 0.95 x |
| EV / EBITDA | 10.9 x | 11.6 x | 7.79 x | 7.4 x | 8.19 x | 7.44 x | 6.84 x | 6.07 x |
| EV / FCF | 20.6 x | 19.7 x | 23 x | 143 x | 9.44 x | 15.5 x | 14.6 x | 13.4 x |
| FCF Yield | 4.86% | 5.08% | 4.35% | 0.7% | 10.6% | 6.45% | 6.86% | 7.48% |
| Price to Book | 2.93 x | 3.04 x | 1.84 x | 1.37 x | 1.3 x | 1.29 x | 1.25 x | 1.21 x |
| Nbr of stocks (in thousands) | 137,415 | 137,451 | 134,954 | 131,672 | 131,673 | 131,758 | - | - |
| Reference price 2 | 2,006 | 2,416 | 1,553 | 1,221 | 1,236 | 1,252 | 1,252 | 1,252 |
| Announcement Date | 4/27/20 | 4/27/21 | 4/28/22 | 4/28/23 | 4/25/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 107,000 | 105,900 | 105,400 | 110,900 | 110,000 | 114,647 | 120,361 | 128,654 |
| EBITDA 1 | 22,412 | 24,597 | 21,631 | 17,393 | 14,871 | 16,575 | 17,967 | 20,060 |
| EBIT 1 | 17,400 | 19,700 | 16,500 | 11,700 | 9,000 | 11,129 | 12,589 | 14,743 |
| Operating Margin | 16.26% | 18.6% | 15.65% | 10.55% | 8.18% | 9.71% | 10.46% | 11.46% |
| Earnings before Tax (EBT) 1 | 17,200 | 19,800 | 17,200 | 12,400 | 10,000 | 11,377 | 12,642 | 14,350 |
| Net income 1 | 13,400 | 16,100 | 12,800 | 9,300 | 7,675 | 8,552 | 9,579 | 11,175 |
| Net margin | 12.52% | 15.2% | 12.14% | 8.39% | 6.98% | 7.46% | 7.96% | 8.69% |
| EPS 2 | 97.20 | 117.2 | 93.98 | 69.98 | 58.29 | 64.91 | 73.26 | 86.01 |
| Free Cash Flow 1 | 11,900 | 14,562 | 7,325 | 898 | 12,900 | 7,956 | 8,429 | 9,110 |
| FCF margin | 11.12% | 13.75% | 6.95% | 0.81% | 11.73% | 6.94% | 7% | 7.08% |
| FCF Conversion (EBITDA) | 53.1% | 59.2% | 33.86% | 5.16% | 86.75% | 48% | 46.91% | 45.41% |
| FCF Conversion (Net income) | 88.81% | 90.45% | 57.23% | 9.66% | 168.08% | 93.03% | 87.99% | 81.52% |
| Dividend per Share 2 | 31.00 | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 | 42.22 | 45.29 |
| Announcement Date | 4/27/20 | 4/27/21 | 4/28/22 | 4/28/23 | 4/25/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S2 | 2021 S1 | 2021 S2 | 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 | 57,192 | 52,161 | 53,800 | 51,231 | 24,632 | 29,500 | 54,169 | 26,180 | 27,783 | 53,963 | 27,700 | 29,200 | 56,937 | 22,742 | 28,153 | 50,895 | 26,886 | 32,200 | 59,105 | 25,362 | 28,261 | 53,500 | 28,368 | 32,032 | 61,500 |
| EBITDA 1 | - | - | - | - | 4,737 | 7,133 | - | 4,455 | 3,860 | - | 4,068 | 5,008 | - | 1,444 | 4,447 | - | 3,738 | 5,218 | - | 3,528 | 4,277 | - | 3,887 | 4,398 | - |
| EBIT 1 | 10,768 | 9,846 | 9,800 | 7,483 | 3,459 | 5,600 | 9,017 | 3,017 | 2,395 | 5,412 | 2,600 | 3,700 | 6,288 | -57 | 2,991 | 2,934 | 2,225 | 3,800 | 6,066 | 1,769 | 2,835 | 4,500 | 2,703 | 3,759 | 6,500 |
| Operating Margin | 18.83% | 18.88% | 18.22% | 14.61% | 14.04% | 18.98% | 16.65% | 11.52% | 8.62% | 10.03% | 9.39% | 12.67% | 11.04% | -0.25% | 10.62% | 5.76% | 8.28% | 11.8% | 10.26% | 6.97% | 10.03% | 8.41% | 9.53% | 11.74% | 10.57% |
| Earnings before Tax (EBT) 1 | 10,829 | 9,725 | 10,113 | 7,513 | 3,583 | 6,104 | 9,687 | 3,915 | 2,855 | 6,770 | 2,030 | 3,625 | 5,630 | 427 | 3,176 | 3,603 | 2,032 | 4,365 | 6,397 | 1,875 | 2,875 | 4,500 | 2,725 | 3,925 | 6,500 |
| Net income 1 | 8,744 | 7,061 | 9,044 | 5,464 | 2,704 | 4,632 | 7,336 | 2,917 | 2,183 | 5,100 | 1,200 | 3,051 | 4,200 | 250 | 2,539 | 2,789 | 1,134 | 3,752 | 4,886 | 1,504 | 2,173 | 3,370 | 2,032 | 2,613 | 4,930 |
| Net margin | 15.29% | 13.54% | 16.81% | 10.67% | 10.98% | 15.7% | 13.54% | 11.14% | 7.86% | 9.45% | 4.33% | 10.45% | 7.38% | 1.1% | 9.02% | 5.48% | 4.22% | 11.65% | 8.27% | 5.93% | 7.69% | 6.3% | 7.16% | 8.16% | 8.02% |
| EPS 2 | - | 51.38 | - | 39.83 | 20.00 | 34.15 | - | 21.70 | 16.55 | 38.29 | 8.790 | 22.90 | - | 1.900 | 19.28 | 21.19 | 8.610 | 28.49 | - | 12.99 | 17.07 | - | 15.39 | 14.27 | - |
| Dividend per Share | - | 15.50 | - | 20.00 | - | - | - | - | - | 20.00 | - | - | - | - | - | 20.00 | - | - | - | - | - | - | - | - | - |
| Announcement Date | 4/27/20 | 10/29/20 | 4/27/21 | 10/28/21 | 1/27/22 | 4/28/22 | 4/28/22 | 7/28/22 | 10/28/22 | 10/28/22 | 1/30/23 | 4/28/23 | 4/28/23 | 7/28/23 | 10/30/23 | 10/30/23 | 1/30/24 | 4/25/24 | 4/25/24 | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 30,751 | 45,679 | 41,152 | 32,099 | 41,058 | 41,598 | 42,131 | 43,204 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 11,900 | 14,562 | 7,325 | 898 | 12,900 | 7,957 | 8,429 | 9,110 |
| ROE (net income / shareholders' equity) | 14.9% | 15.8% | 11.5% | 8% | 6.3% | 6.88% | 8.01% | 8.72% |
| ROA (Net income/ Total Assets) | 9.95% | 14% | 11.5% | 8.14% | 6.35% | 6.73% | 7.75% | 8.38% |
| Assets 1 | 134,700 | 114,827 | 110,969 | 114,212 | 120,830 | 127,040 | 123,551 | 133,389 |
| Book Value Per Share 2 | 685.0 | 795.0 | 846.0 | 891.0 | 953.0 | 970.0 | 998.0 | 1,033 |
| Cash Flow per Share 2 | 107.0 | 153.0 | 132.0 | 113.0 | 103.0 | 70.00 | 87.10 | 110.0 |
| Capex 1 | 2,800 | 5,919 | 6,200 | 5,973 | 3,600 | 4,755 | 4,736 | 4,723 |
| Capex / Sales | 2.62% | 5.59% | 5.88% | 5.39% | 3.27% | 4.15% | 3.93% | 3.67% |
| Announcement Date | 4/27/20 | 4/27/21 | 4/28/22 | 4/28/23 | 4/25/24 | - | - | - |
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
B
Sell
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
1,252
JPY
Average target price
1,209
JPY
Spread / Average Target
-3.47%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -7.98% | 1.04B | |
| +19.51% | 114B | |
| +0.70% | 31.05B | |
| +10.26% | 21.85B | |
| -11.69% | 18.69B | |
| -5.15% | 17.42B | |
| +18.97% | 16.72B | |
| +16.94% | 13.09B | |
| -0.21% | 12.12B | |
| +22.96% | 9.13B |
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