CORE CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,975 JPY | -0.95% |
|
+0.15% | +12.47% |
| May. 06 | Core's Attributable Profit Spikes 15% in Year Ended March | MT |
| 2023 | Core Corporation Provides Cash Dividend Guidance for the Fiscal Year Ending March 31, 2024 | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 16,427 | 16,752 | 21,450 | 22,656 | 22,935 | 27,272 |
| Enterprise Value (EV) 1 | 17,127 | 16,793 | 19,758 | 20,093 | 19,321 | 22,588 |
| P/E ratio | 13.2 x | 14.3 x | 15.1 x | 14 x | 11.6 x | 12 x |
| Yield | 1.72% | 2.28% | 1.99% | 2.2% | 2.49% | - |
| Capitalization / Revenue | 0.8 x | 0.8 x | 1.03 x | 1.04 x | 1 x | 1.14 x |
| EV / Revenue | 0.84 x | 0.8 x | 0.95 x | 0.92 x | 0.85 x | 0.94 x |
| EV / EBITDA | 8.6 x | 7.72 x | 8.44 x | 7.65 x | 6.5 x | 6.68 x |
| EV / FCF | 15.7 x | 22.1 x | 11.1 x | 16.5 x | 13.1 x | 14 x |
| FCF Yield | 6.39% | 4.53% | 9.04% | 6.06% | 7.66% | 7.13% |
| Price to Book | 1.61 x | 1.51 x | 1.74 x | 1.67 x | 1.51 x | 1.6 x |
| Nbr of stocks (in thousands) | 14,125 | 14,125 | 14,196 | 14,249 | 14,290 | 14,339 |
| Reference price 2 | 1,163 | 1,186 | 1,511 | 1,590 | 1,605 | 1,902 |
| Announcement Date | 6/21/19 | 6/25/20 | 6/24/21 | 6/23/22 | 6/22/23 | 6/25/24 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Net sales 1 | 20,464 | 20,997 | 20,785 | 21,798 | 22,848 | 23,998 |
| EBITDA 1 | 1,992 | 2,175 | 2,340 | 2,625 | 2,974 | 3,382 |
| EBIT 1 | 1,616 | 1,801 | 2,032 | 2,368 | 2,744 | 3,141 |
| Operating Margin | 7.9% | 8.58% | 9.78% | 10.86% | 12.01% | 13.09% |
| Earnings before Tax (EBT) 1 | 1,607 | 1,737 | 2,070 | 2,364 | 2,795 | 3,216 |
| Net income 1 | 1,248 | 1,172 | 1,423 | 1,622 | 1,968 | 2,270 |
| Net margin | 6.1% | 5.58% | 6.85% | 7.44% | 8.61% | 9.46% |
| EPS 2 | 87.85 | 82.76 | 100.3 | 113.9 | 137.8 | 158.5 |
| Free Cash Flow 1 | 1,094 | 761 | 1,787 | 1,218 | 1,479 | 1,610 |
| FCF margin | 5.34% | 3.62% | 8.6% | 5.59% | 6.47% | 6.71% |
| FCF Conversion (EBITDA) | 54.91% | 34.99% | 76.35% | 46.42% | 49.74% | 47.59% |
| FCF Conversion (Net income) | 87.64% | 64.93% | 125.55% | 75.12% | 75.16% | 70.91% |
| Dividend per Share 2 | 20.00 | 27.00 | 30.00 | 35.00 | 40.00 | - |
| Announcement Date | 6/21/19 | 6/25/20 | 6/24/21 | 6/23/22 | 6/22/23 | 6/25/24 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 S1 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2024 Q1 | 2024 S1 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,390 | 10,439 | 5,679 | - | 10,724 | 5,873 | 5,447 | 11,199 | 6,131 |
| EBITDA | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 709 | 1,031 | 740 | 487 | 1,171 | 862 | 515 | 1,302 | 918 |
| Operating Margin | 7.55% | 9.88% | 13.03% | - | 10.92% | 14.68% | 9.45% | 11.63% | 14.97% |
| Earnings before Tax (EBT) 1 | 758 | 1,097 | 749 | 498 | 1,192 | 870 | 553 | 1,342 | 931 |
| Net income 1 | 522 | 744 | 512 | 338 | 814 | 593 | 377 | 932 | 641 |
| Net margin | 5.56% | 7.13% | 9.02% | - | 7.59% | 10.1% | 6.92% | 8.32% | 10.46% |
| EPS 2 | 36.86 | 52.38 | 35.95 | 23.73 | 57.15 | 41.49 | 26.44 | 65.19 | 44.75 |
| Dividend per Share | - | - | - | - | - | - | - | 5.000 | - |
| Announcement Date | 10/27/20 | 10/27/21 | 1/28/22 | 7/27/22 | 10/27/22 | 1/30/23 | 7/28/23 | 10/30/23 | 1/30/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 700 | 41 | - | - | - | - |
| Net Cash position 1 | - | - | 1,692 | 2,563 | 3,614 | 4,684 |
| Leverage (Debt/EBITDA) | 0.3514 x | 0.0189 x | - | - | - | - |
| Free Cash Flow 1 | 1,094 | 761 | 1,787 | 1,219 | 1,479 | 1,610 |
| ROE (net income / shareholders' equity) | 12.9% | 11.1% | 12.3% | 12.5% | 13.8% | 14.1% |
| ROA (Net income/ Total Assets) | 5.95% | 6.33% | 6.93% | 7.71% | 8.23% | 8.61% |
| Assets 1 | 20,961 | 18,514 | 20,548 | 21,040 | 23,916 | 26,370 |
| Book Value Per Share 2 | 723.0 | 787.0 | 866.0 | 954.0 | 1,060 | 1,186 |
| Cash Flow per Share 2 | 186.0 | 175.0 | 256.0 | 330.0 | 391.0 | 439.0 |
| Capex 1 | 108 | 166 | 94 | 73 | 86 | 94 |
| Capex / Sales | 0.53% | 0.79% | 0.45% | 0.33% | 0.38% | 0.39% |
| Announcement Date | 6/21/19 | 6/25/20 | 6/24/21 | 6/23/22 | 6/22/23 | 6/25/24 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +12.47% | 177M | |
| +13.73% | 6.23B | |
| +51.11% | 1.62B | |
| -32.71% | 559M | |
| -9.65% | 480M | |
| -66.27% | 403M | |
| +18.37% | 361M | |
| -22.87% | 333M | |
| -25.61% | 274M | |
| +12.88% | 200M |
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