Financials create restaurants holdings inc.

Equities

3387

JP3269930008

Restaurants & Bars

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-07-03 am EDT			5-day change	1st Jan Change
1,107 ^JPY	+0.36%		+0.18%	+1.19%

Jun. 21	Create Restaurants Holdings Restructures Consolidated Subsidiaries	MT
Apr. 12	Create Restaurants' Attributable Profit Jumps 49% in Fiscal 2024	MT

Valuation

Fiscal Period: February	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	159,696	156,149	152,361	207,673	220,627	231,997	-	-
Enterprise Value (EV) ¹	243,400	237,870	215,384	259,305	267,094	231,997	231,997	231,997
P/E ratio	125 x	-11.3 x	23.7 x	61.3 x	43.8 x	36.3 x	30.6 x	25.8 x
Yield	0.7%	-	0.62%	0.61%	0.67%	0.73%	0.73%	0.73%
Capitalization / Revenue	1.15 x	2.1 x	1.95 x	1.76 x	1.51 x	1.51 x	1.45 x	1.38 x
EV / Revenue	1.15 x	2.1 x	1.95 x	1.76 x	1.51 x	1.51 x	1.45 x	1.38 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-	-54.3 x	5.78 x	9.32 x	11.2 x	9.73 x	11 x	10.6 x
FCF Yield	-	-1.84%	17.3%	10.7%	8.93%	10.3%	9.09%	9.4%
Price to Book	9.8 x	9.16 x	6.41 x	7.02 x	6.13 x	-	-	-
Nbr of stocks (in thousands)	186,779	186,782	210,153	210,195	210,322	210,333	-	-
Reference price ²	855.0	836.0	725.0	988.0	1,049	1,103	1,103	1,103
Announcement Date	4/21/20	4/14/21	4/14/22	4/14/23	4/12/24	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	139,328	74,425	78,324	118,240	145,759	153,200	160,100	167,700
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	3,483	-14,181	7,633	5,083	7,075	9,600	11,400	13,300
Operating Margin	2.5%	-19.05%	9.75%	4.3%	4.85%	6.27%	7.12%	7.93%
Earnings before Tax (EBT) ¹	3,118	-15,021	7,134	4,565	6,632	9,100	10,900	12,800
Net income ¹	1,278	-13,874	5,919	3,385	5,041	6,400	7,600	9,000
Net margin	0.92%	-18.64%	7.56%	2.86%	3.46%	4.18%	4.75%	5.37%
EPS ²	6.850	-74.28	30.58	16.11	23.97	30.40	36.10	42.80
Free Cash Flow ¹	-	-2,877	26,350	22,282	19,691	23,854	21,087	21,797
FCF margin	-	-3.87%	33.64%	18.84%	13.51%	15.57%	13.17%	13%
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	445.18%	658.26%	390.62%	372.72%	277.46%	242.19%
Dividend per Share ²	6.000	-	4.500	6.000	7.000	8.000	8.000	8.000
Announcement Date	4/21/20	4/14/21	4/14/22	4/14/23	4/12/24	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: February	2021 S1	2022 S1	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 S1	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 S1	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 S1	2025 Q3	2025 Q4
Net sales ¹	32,031	34,493	21,228	22,603	26,243	28,164	54,407	29,615	34,218	36,607	36,375	72,982	35,465	37,311	37,150	37,540	74,690	36,710	41,800
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-9,644	7,314	4,406	-4,087	5,166	-79	5,087	594	-598	2,981	1,178	4,159	1,603	1,312	2,540	1,340	3,880	1,840	3,880
Operating Margin	-30.11%	21.2%	20.76%	-18.08%	19.69%	-0.28%	9.35%	2.01%	-1.75%	8.14%	3.24%	5.7%	4.52%	3.52%	6.84%	3.57%	5.19%	5.01%	9.28%
Earnings before Tax (EBT) ¹	-10,081	7,170	4,296	-4,332	5,130	-104	5,026	395	-856	2,924	1,002	3,926	1,453	1,253	2,540	1,340	3,880	1,840	3,380
Net income ¹	-9,048	4,823	2,626	-1,530	3,422	89	3,511	275	-401	2,150	887	3,037	863	1,140	1,650	870	2,520	-	-
Net margin	-28.25%	13.98%	12.37%	-6.77%	13.04%	0.32%	6.45%	0.93%	-1.17%	5.87%	2.44%	4.16%	2.43%	3.06%	4.44%	2.32%	3.37%	-	-
EPS	-48.45	25.83	13.75	-	16.28	-	16.71	1.300	-	10.23	-	14.45	4.100	-	-	-	-	-	-
Dividend per Share	-	1.500	-	-	-	-	3.000	-	-	-	-	3.500	-	-	-	-	-	-	-
Announcement Date	10/14/20	10/14/21	1/14/22	4/14/22	7/14/22	10/14/22	10/14/22	1/13/23	4/14/23	7/14/23	10/13/23	10/13/23	1/12/24	4/12/24	-	-	-	-	-

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: February	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	83,704	81,721	63,023	51,632	46,467	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-2,877	26,350	22,282	19,691	23,854	21,087	21,797
ROE (net income / shareholders' equity)	7.8%	-83.4%	29%	12.1%	15.4%	-	-	-
ROA (Net income/ Total Assets)	2.8%	-	4.83%	3.42%	5.02%	-	-	-
Assets ¹	45,590	-	122,616	99,051	100,475	-	-	-
Book Value Per Share	87.20	91.30	113.0	141.0	171.0	-	-	-
Cash Flow per Share	99.40	18.40	115.0	88.20	97.70	-	-	-
Capex ¹	6,814	3,286	759	2,311	3,273	15,049	15,343	15,258
Capex / Sales	4.89%	4.42%	0.97%	1.95%	2.25%	9.82%	9.58%	9.1%
Announcement Date	4/21/20	4/14/21	4/14/22	4/14/23	4/12/24	-	-	-

¹JPY in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for create restaurants holdings inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

1,103 JPY

Average target price

1,200 JPY

Spread / Average Target

+8.79%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Commercial Food Services

	1st Jan change	Capi.
CREATE RESTAURANTS HOLDINGS INC.	+1.19%	1.44B
TEXAS ROADHOUSE, INC.	+37.13%	11.19B
ARAMARK	+18.26%	8.74B
BRINKER INTERNATIONAL, INC.	+64.57%	3.16B
THE CHEESECAKE FACTORY INCORPORATED	+8.05%	1.93B
DO & CO AKTIENGESELLSCHAFT	+22.17%	1.96B
FOOD & LIFE COMPANIES LTD.	-8.37%	1.84B
SSP GROUP PLC	-37.18%	1.46B
BJ'S RESTAURANTS, INC.	+2.61%	864M
TONGQINGLOU CATERING CO., LTD.	-30.81%	750M

Commercial Food Services