DAI NIPPON PRINTING CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5,406 JPY | -2.33% |
|
-0.11% | +29.55% |
| Jul. 01 | Tranche Update on Dai Nippon Printing Co., Ltd.'s Equity Buyback Plan announced on March 8, 2024. | CI |
| Jun. 28 | Dai Nippon Printing Co., Ltd. Announces Voting Results | CI |
Valuation
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 646,310 | 651,385 | 774,374 | 891,942 | 1,123,844 | 1,279,106 | - | - |
| Enterprise Value (EV) 1 | 473,513 | 495,647 | 627,595 | 790,820 | 1,053,721 | 1,265,806 | 1,275,006 | 1,260,106 |
| P/E ratio | 9.78 x | 26 x | 8.09 x | 11.5 x | 10.5 x | 13.1 x | 14.2 x | 13.7 x |
| Yield | 2.78% | 2.76% | 2.22% | 1.73% | 1.37% | 1.18% | 1.21% | 1.31% |
| Capitalization / Revenue | 0.46 x | 0.49 x | 0.58 x | 0.65 x | 0.79 x | 0.88 x | 0.86 x | 0.83 x |
| EV / Revenue | 0.34 x | 0.37 x | 0.47 x | 0.58 x | 0.74 x | 0.87 x | 0.86 x | 0.82 x |
| EV / EBITDA | 4.28 x | 4.94 x | 5.3 x | 6.97 x | 7.97 x | 9.23 x | 8.31 x | 7.62 x |
| EV / FCF | 12.9 x | 46.4 x | 14.7 x | 61 x | 11.6 x | 11.3 x | 13.7 x | 15.7 x |
| FCF Yield | 7.77% | 2.16% | 6.82% | 1.64% | 8.63% | 8.85% | 7.32% | 6.38% |
| Price to Book | 0.71 x | 0.62 x | 0.71 x | 0.89 x | 0.96 x | 1.07 x | 1.08 x | 1.03 x |
| Nbr of stocks (in thousands) | 280,882 | 280,890 | 269,067 | 240,740 | 240,600 | 236,609 | - | - |
| Reference price 2 | 2,301 | 2,319 | 2,878 | 3,705 | 4,671 | 5,406 | 5,406 | 5,406 |
| Announcement Date | 5/27/20 | 5/13/21 | 5/13/22 | 5/12/23 | 5/13/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,401,894 | 1,335,439 | 1,344,147 | 1,373,209 | 1,424,822 | 1,457,433 | 1,488,733 | 1,537,650 |
| EBITDA 1 | 110,748 | 100,422 | 118,463 | 113,514 | 132,175 | 137,200 | 153,400 | 165,300 |
| EBIT 1 | 56,274 | 49,529 | 66,788 | 61,233 | 75,450 | 81,400 | 91,267 | 99,800 |
| Operating Margin | 4.01% | 3.71% | 4.97% | 4.46% | 5.3% | 5.59% | 6.13% | 6.49% |
| Earnings before Tax (EBT) 1 | 102,719 | 46,400 | 126,890 | 119,733 | 143,012 | 148,850 | 121,900 | 127,550 |
| Net income 1 | 69,497 | 25,088 | 97,182 | 85,692 | 110,929 | 97,300 | 86,400 | 85,050 |
| Net margin | 4.96% | 1.88% | 7.23% | 6.24% | 7.79% | 6.68% | 5.8% | 5.53% |
| EPS 2 | 235.2 | 89.32 | 355.8 | 321.3 | 443.1 | 413.8 | 379.5 | 394.0 |
| Free Cash Flow 1 | 36,775 | 10,689 | 42,820 | 12,972 | 90,908 | 112,000 | 93,333 | 80,400 |
| FCF margin | 2.62% | 0.8% | 3.19% | 0.94% | 6.38% | 7.68% | 6.27% | 5.23% |
| FCF Conversion (EBITDA) | 33.21% | 10.64% | 36.15% | 11.43% | 68.78% | 81.63% | 60.84% | 48.64% |
| FCF Conversion (Net income) | 52.92% | 42.61% | 44.06% | 15.14% | 81.95% | 115.11% | 108.02% | 94.53% |
| Dividend per Share 2 | 64.00 | 64.00 | 64.00 | 64.00 | 64.00 | 64.00 | 65.33 | 71.00 |
| Announcement Date | 5/27/20 | 5/13/21 | 5/13/22 | 5/12/23 | 5/13/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S2 | 2021 S1 | 2022 S1 | 2022 Q3 | 2022 Q4 | 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 | 2026 S1 | 2026 S2 | 2027 S1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 644,638 | 657,168 | 344,492 | 342,487 | 334,433 | 334,049 | 668,482 | 355,078 | 349,649 | - | 345,098 | 348,654 | 693,752 | 367,500 | 363,570 | - | 355,950 | 354,850 | - | 378,750 | 377,600 | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | 17,563 | 30,831 | 18,427 | 17,530 | 16,917 | 10,674 | 27,591 | 16,992 | 16,650 | - | 13,282 | 14,250 | 27,532 | 24,470 | 23,448 | - | 15,600 | 15,750 | - | 24,650 | 25,100 | - | - | - | - |
| Operating Margin | - | 2.72% | 4.69% | 5.35% | 5.12% | 5.06% | 3.2% | 4.13% | 4.79% | 4.76% | - | 3.85% | 4.09% | 3.97% | 6.66% | 6.45% | - | 4.38% | 4.44% | - | 6.51% | 6.65% | - | - | - | - |
| Earnings before Tax (EBT) | - | 19,212 | 43,016 | 51,763 | - | 23,474 | - | 39,401 | 47,855 | - | - | 79,007 | - | 96,405 | 30,437 | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | 11,434 | 33,812 | 35,739 | - | 15,739 | 12,194 | 27,933 | 36,512 | 21,247 | - | 58,056 | - | 76,230 | 22,329 | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | 1.77% | 5.15% | 10.37% | - | 4.71% | 3.65% | 4.18% | 10.28% | 6.08% | - | 16.82% | - | 10.99% | 6.08% | - | - | - | - | - | - | - | - | - | - | - |
| EPS | - | 40.71 | 122.3 | 131.3 | - | 58.58 | - | 104.2 | 136.8 | - | - | 225.1 | - | 297.9 | 91.51 | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | 32.00 | 32.00 | 32.00 | - | - | - | - | 32.00 | - | - | 32.00 | - | - | 32.00 | - | - | 32.00 | - | - | 32.00 | - | - | 32.00 | 32.00 | 32.00 | 32.00 |
| Announcement Date | 5/27/20 | 11/10/20 | 11/12/21 | 2/10/22 | 5/13/22 | 8/10/22 | 11/11/22 | 11/11/22 | 2/9/23 | 5/12/23 | 5/12/23 | 8/8/23 | 11/10/23 | 11/10/23 | 2/9/24 | 5/13/24 | 5/13/24 | - | - | - | - | - | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 172,797 | 155,738 | 146,779 | 101,122 | 70,123 | 13,300 | 4,100 | 19,000 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 36,775 | 10,689 | 42,820 | 12,972 | 90,908 | 112,000 | 93,333 | 80,400 |
| ROE (net income / shareholders' equity) | 7.3% | 2.6% | 9.1% | 7.9% | 9.8% | 8.85% | 7.25% | 7.6% |
| ROA (Net income/ Total Assets) | 3.65% | 3.38% | 4.39% | 4.51% | 5.21% | 5.2% | 5.9% | 6.3% |
| Assets 1 | 1,904,909 | 742,657 | 2,213,784 | 1,898,512 | 2,127,510 | 1,871,154 | 1,464,407 | 1,350,000 |
| Book Value Per Share 2 | 3,260 | 3,717 | 4,058 | 4,158 | 4,866 | 5,052 | 4,983 | 5,273 |
| Cash Flow per Share 2 | 420.0 | 271.0 | 543.0 | 515.0 | 667.0 | 696.0 | 605.0 | 683.0 |
| Capex 1 | 57,162 | 71,649 | 50,699 | 78,082 | 68,368 | 74,000 | 77,500 | 71,500 |
| Capex / Sales | 4.08% | 5.37% | 3.77% | 5.69% | 4.8% | 5.08% | 5.21% | 4.65% |
| Announcement Date | 5/27/20 | 5/13/21 | 5/13/22 | 5/12/23 | 5/13/24 | - | - | - |
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
OUTPERFORM
Number of Analysts
3
Last Close Price
5,406
JPY
Average target price
5,287
JPY
Spread / Average Target
-2.21%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +29.55% | 7.96B | |
| +16.65% | 8.89B | |
| +10.48% | 2.25B | |
| +180.00% | 1.21B | |
| +0.61% | 951M | |
| -31.28% | 723M | |
| -63.60% | 687M | |
| -3.01% | 552M | |
| -21.97% | 532M | |
| -2.98% | 508M |
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