Financials Asahi Yukizai Corporation

Equities

4216

JP3117200000

Commodity Chemicals

Delayed Japan Exchange Other stock markets 11:38:18 2024-07-15 pm EDT			5-day change	1st Jan Change
5,170 ^JPY	-0.19%		+1.17%	+36.23%

Mar. 01	Tranche Update on Asahi Yukizai Corporation's Equity Buyback Plan announced on February 29, 2024.	CI
Mar. 01	Asahi Yukizai Corporation's Equity Buyback announced on February 29, 2024,, has closed with 170,000 shares, representing 0.89% for ¥731.85 million.	CI

Valuation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	26,690	28,729	38,438	60,636	100,311	98,410	-	-
Enterprise Value (EV) ¹	20,427	22,135	26,897	48,933	85,750	98,410	98,410	98,410
P/E ratio	8.51 x	10.3 x	8.05 x	6.43 x	8.88 x	8.87 x	7.81 x	7.18 x
Yield	3.58%	3.33%	2.99%	2.21%	1.89%	2.32%	2.51%	2.7%
Capitalization / Revenue	0.47 x	0.54 x	0.59 x	0.79 x	1.15 x	1.12 x	1.06 x	1.01 x
EV / Revenue	0.47 x	0.54 x	0.59 x	0.79 x	1.15 x	1.12 x	1.06 x	1.01 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	7.84 x	29.5 x	6.96 x	73.1 x	24.1 x	16.8 x	15.7 x	9.43 x
FCF Yield	12.8%	3.39%	14.4%	1.37%	4.15%	5.95%	6.36%	10.6%
Price to Book	0.61 x	0.62 x	0.75 x	1 x	1.41 x	1.23 x	1.09 x	0.97 x
Nbr of stocks (in thousands)	19,133	19,152	19,152	19,158	18,998	18,998	-	-
Reference price ²	1,395	1,500	2,007	3,165	5,280	5,180	5,180	5,180
Announcement Date	5/19/20	5/14/21	5/13/22	5/15/23	5/15/24	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	56,581	53,551	64,732	77,099	87,426	88,000	92,500	97,000
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	4,368	3,404	6,575	11,947	15,576	15,500	17,500	19,100
Operating Margin	7.72%	6.36%	10.16%	15.5%	17.82%	17.61%	18.92%	19.69%
Earnings before Tax (EBT) ¹	4,264	3,765	6,772	11,993	15,974	15,600	17,600	19,200
Net income ¹	3,138	2,789	4,773	9,425	11,382	11,100	12,600	13,700
Net margin	5.55%	5.21%	7.37%	12.22%	13.02%	12.61%	13.62%	14.12%
EPS ²	164.0	145.7	249.2	492.0	594.3	584.3	663.2	721.1
Free Cash Flow ¹	3,403	974	5,520	829	4,165	5,854	6,261	10,437
FCF margin	6.01%	1.82%	8.53%	1.08%	4.76%	6.65%	6.77%	10.76%
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	108.44%	34.92%	115.65%	8.8%	36.59%	52.74%	49.69%	76.18%
Dividend per Share ²	50.00	50.00	60.00	70.00	100.0	120.0	130.0	140.0
Announcement Date	5/19/20	5/14/21	5/13/22	5/15/23	5/15/24	-	-	-

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	30,132	23,870	29,681	29,432	17,805	17,495	35,300	16,764	19,174	35,938	20,441	20,720	41,161	21,037	22,807	43,844	22,252	21,330	43,582	20,600	21,600	42,200	23,100	22,700	45,800
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	2,626	812	2,592	2,492	2,317	1,766	4,083	2,068	3,271	5,339	3,134	3,474	6,608	4,074	4,217	8,291	4,164	3,121	7,285	3,100	3,600	6,700	4,250	4,550	8,800
Operating Margin	8.71%	3.4%	8.73%	8.47%	13.01%	10.09%	11.57%	12.34%	17.06%	14.86%	15.33%	16.77%	16.05%	19.37%	18.49%	18.91%	18.71%	14.63%	16.72%	15.05%	16.67%	15.88%	18.4%	20.04%	19.21%
Earnings before Tax (EBT)	-	774	-	2,605	2,309	-	-	2,422	-	5,836	2,895	-	-	4,357	-	8,542	4,157	-	-	-	-	-	-	-	-
Net income	-	616	-	1,797	1,576	-	-	1,536	-	3,813	1,976	-	-	2,765	-	5,471	2,704	-	-	-	-	-	-	-	-
Net margin	-	2.58%	-	6.11%	8.85%	-	-	9.16%	-	10.61%	9.67%	-	-	13.14%	-	12.48%	12.15%	-	-	-	-	-	-	-	-
EPS	-	32.21	-	93.82	82.31	-	-	80.20	-	199.1	103.1	-	-	144.3	-	285.6	141.1	-	-	-	-	-	-	-	-
Dividend per Share	-	25.00	-	25.00	-	-	-	-	-	30.00	-	-	-	-	-	50.00	-	-	-	-	-	-	-	-	-
Announcement Date	5/19/20	10/30/20	5/14/21	10/29/21	1/31/22	5/13/22	5/13/22	7/29/22	10/31/22	10/31/22	1/31/23	5/15/23	5/15/23	7/31/23	10/31/23	10/31/23	1/31/24	5/15/24	5/15/24	-	-	-	-	-	-

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	6,263	6,594	11,541	11,703	14,561	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	3,403	974	5,520	829	4,165	5,854	6,261	10,437
ROE (net income / shareholders' equity)	7.2%	6.2%	9.7%	16.8%	17.3%	14.7%	14.8%	14.3%
ROA (Net income/ Total Assets)	6.85%	5.46%	9.83%	15.1%	17.1%	-	-	-
Assets ¹	45,810	51,036	48,553	62,567	66,421	-	-	-
Book Value Per Share ²	2,292	2,437	2,682	3,164	3,735	4,218	4,761	5,352
Cash Flow per Share	270.0	254.0	358.0	603.0	708.0	-	-	-
Capex ¹	2,791	2,446	1,727	5,012	5,533	8,000	8,000	5,000
Capex / Sales	4.93%	4.57%	2.67%	6.5%	6.33%	9.09%	8.65%	5.15%
Announcement Date	5/19/20	5/14/21	5/13/22	5/15/23	5/15/24	-	-	-

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

Ratings for Asahi Yukizai Corporation

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

5,180 JPY

Average target price

6,500 JPY

Spread / Average Target

+25.48%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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