Financials Eiwa Corporation

Equities

9857

JP3161100007

Industrial Machinery & Equipment

Market Closed - Japan Exchange 09:36:29 2024-07-11 pm EDT 5-day change 1st Jan Change
2,294 JPY -0.04% Intraday chart for Eiwa Corporation +0.84% +13.17%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Capitalization 1 5,924 5,753 7,835 7,962 8,132 13,860
Enterprise Value (EV) 1 2,981 1,889 1,858 2,150 2,391 7,823
P/E ratio 6.3 x 5.1 x 6.73 x 7.46 x 6.16 x 8.31 x
Yield 3.42% 4.07% 3.15% 3.1% 4.12% -
Capitalization / Revenue 0.16 x 0.15 x 0.2 x 0.21 x 0.2 x 0.32 x
EV / Revenue 0.08 x 0.05 x 0.05 x 0.06 x 0.06 x 0.18 x
EV / EBITDA 1.93 x 1.07 x 1.03 x 1.31 x 1.21 x 3.24 x
EV / FCF 4.87 x 1.85 x 0.84 x 9.15 x 6.68 x 13.9 x
FCF Yield 20.6% 54.1% 119% 10.9% 15% 7.18%
Price to Book 0.6 x 0.54 x 0.66 x 0.62 x 0.58 x 0.88 x
Nbr of stocks (in thousands) 6,329 6,329 6,329 6,329 6,329 6,329
Reference price 2 936.0 909.0 1,238 1,258 1,285 2,190
Announcement Date 6/24/19 6/26/20 6/28/21 6/29/22 6/29/23 6/27/24
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Net sales 1 37,394 37,682 39,159 37,378 41,284 43,292
EBITDA 1 1,547 1,771 1,799 1,638 1,976 2,411
EBIT 1 1,470 1,709 1,742 1,562 1,894 2,325
Operating Margin 3.93% 4.54% 4.45% 4.18% 4.59% 5.37%
Earnings before Tax (EBT) 1 1,484 1,746 1,790 1,608 1,987 2,420
Net income 1 941 1,127 1,164 1,067 1,320 1,667
Net margin 2.52% 2.99% 2.97% 2.85% 3.2% 3.85%
EPS 2 148.7 178.1 183.9 168.6 208.6 263.4
Free Cash Flow 1 612.6 1,021 2,211 235 357.9 561.9
FCF margin 1.64% 2.71% 5.65% 0.63% 0.87% 1.3%
FCF Conversion (EBITDA) 39.6% 57.67% 122.89% 14.35% 18.11% 23.3%
FCF Conversion (Net income) 65.1% 90.62% 189.94% 22.02% 27.11% 33.71%
Dividend per Share 2 32.00 37.00 39.00 39.00 53.00 -
Announcement Date 6/24/19 6/26/20 6/28/21 6/29/22 6/29/23 6/27/24
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 16,232 15,771 9,472 7,919 17,399 9,943 8,841 19,190 11,132
EBITDA - - - - - - - - -
EBIT 1 457 368 386 68 450 448 365 893 686
Operating Margin 2.82% 2.33% 4.08% 0.86% 2.59% 4.51% 4.13% 4.65% 6.16%
Earnings before Tax (EBT) 1 480 391 403 93 485 479 397 945 710
Net income 1 299 237 267 42 297 319 263 626 472
Net margin 1.84% 1.5% 2.82% 0.53% 1.71% 3.21% 2.97% 3.26% 4.24%
EPS 2 47.27 37.50 42.17 6.710 47.03 50.33 41.65 99.00 74.54
Dividend per Share 5.000 10.00 - - 10.00 - - 15.00 -
Announcement Date 11/6/20 11/8/21 2/4/22 8/3/22 11/8/22 2/7/23 8/4/23 11/7/23 2/6/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Net Debt 1 - - - - - -
Net Cash position 1 2,943 3,864 5,977 5,812 5,741 6,037
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 613 1,021 2,211 235 358 562
ROE (net income / shareholders' equity) 9.79% 10.9% 10.3% 8.66% 9.87% 11.2%
ROA (Net income/ Total Assets) 3.83% 4.25% 4.08% 3.48% 3.95% 4.57%
Assets 1 24,599 26,505 28,546 30,697 33,456 36,449
Book Value Per Share 2 1,560 1,698 1,876 2,019 2,207 2,490
Cash Flow per Share 2 585.0 710.0 1,019 1,046 1,025 1,036
Capex 1 34 31 28 242 93 14
Capex / Sales 0.09% 0.08% 0.07% 0.65% 0.23% 0.03%
Announcement Date 6/24/19 6/26/20 6/28/21 6/29/22 6/29/23 6/27/24
1JPY in Million2JPY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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