KOKUSAI ELECTRIC CORPORATION Financials Kokusai Electric Corporation
Equities
6525
JP3293330001
Semiconductor Equipment & Testing
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5,400 JPY | -7.22% |
|
+13.21% | +76.18% |
| 09:01am | Japan's Kokusai Electric to hold secondary offering; KKR to sell shares | RE |
| 09:00am | Japan's Nikkei rises to record high as financials and heavyweights climb | RE |
Valuation
| Fiscal Period: March | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| Capitalization 1 | 974,391 | 1,298,917 | - | - |
| Enterprise Value (EV) 1 | 974,790 | 1,270,840 | 1,247,546 | 1,222,807 |
| P/E ratio | 43.3 x | 41.6 x | 28.9 x | 23.6 x |
| Yield | 0.26% | 0.61% | 0.92% | 1.48% |
| Capitalization / Revenue | 5.39 x | 5.84 x | 4.8 x | 4.22 x |
| EV / Revenue | 5.39 x | 5.71 x | 4.61 x | 3.97 x |
| EV / EBITDA | 23.4 x | 22 x | 16.3 x | 13.5 x |
| EV / FCF | -108 x | 78.8 x | 26.3 x | 20.1 x |
| FCF Yield | -0.92% | 1.27% | 3.8% | 4.97% |
| Price to Book | 5.21 x | 6.39 x | 5.56 x | 4.87 x |
| Nbr of stocks (in thousands) | 232,552 | 235,311 | - | - |
| Reference price 2 | 4,190 | 5,820 | 5,820 | 5,820 |
| Announcement Date | 5/10/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| Net sales 1 | 245,721 | 180,838 | 222,389 | 270,782 | 308,084 |
| EBITDA 1 | - | 41,690 | 57,860 | 76,643 | 90,286 |
| EBIT 1 | - | 30,745 | 47,020 | 65,742 | 80,413 |
| Operating Margin | - | 17% | 21.14% | 24.28% | 26.1% |
| Earnings before Tax (EBT) 1 | - | 29,757 | 46,154 | 64,651 | 78,266 |
| Net income 1 | 40,305 | 22,374 | 32,548 | 46,871 | 57,363 |
| Net margin | 16.4% | 12.37% | 14.64% | 17.31% | 18.62% |
| EPS 2 | - | 96.82 | 139.9 | 201.5 | 247.0 |
| Free Cash Flow 1 | - | -9,008 | 16,129 | 47,426 | 60,713 |
| FCF margin | - | -4.98% | 7.25% | 17.51% | 19.71% |
| FCF Conversion (EBITDA) | - | - | 27.88% | 61.88% | 67.24% |
| FCF Conversion (Net income) | - | - | 49.56% | 101.18% | 105.84% |
| Dividend per Share 2 | - | 11.00 | 35.75 | 53.57 | 86.12 |
| Announcement Date | 9/21/23 | 5/10/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: März | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 | 2026 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 44,995 | 77,705 | 53,956 | 49,177 | 103,133 | 52,033 | 53,950 | 101,300 | 55,750 | 60,467 | 121,900 | 64,000 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 9,368 | 13,373 | 10,689 | 7,011 | 17,372 | 10,717 | 11,383 | 19,200 | 11,700 | 13,200 | 26,600 | 16,000 |
| Operating Margin | 20.82% | 17.21% | 19.81% | 14.26% | 16.84% | 20.6% | 21.1% | 18.95% | 20.99% | 21.83% | 21.82% | 25% |
| Earnings before Tax (EBT) 1 | 9,145 | 12,872 | 10,742 | 6,143 | 16,885 | 8,500 | 10,500 | 19,000 | - | - | 27,675 | - |
| Net income 1 | 6,158 | 8,813 | 7,914 | 5,647 | 13,561 | 7,333 | 7,533 | 13,500 | 8,500 | 9,550 | 19,175 | 11,200 |
| Net margin | 13.69% | 11.34% | 14.67% | 11.48% | 13.15% | 14.09% | 13.96% | 13.33% | 15.25% | 15.79% | 15.73% | 17.5% |
| EPS 2 | 26.73 | 38.25 | 34.29 | 24.28 | 58.57 | 29.67 | 31.84 | 58.20 | 32.20 | 36.06 | 82.70 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/9/23 | 11/9/23 | 2/9/24 | 5/10/24 | 5/10/24 | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: März | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| Net Debt 1 | - | 399 | - | - | - |
| Net Cash position 1 | - | - | 28,078 | 51,371 | 76,111 |
| Leverage (Debt/EBITDA) | - | 0.009571 x | - | - | - |
| Free Cash Flow 1 | - | -9,008 | 16,129 | 47,426 | 60,713 |
| ROE (net income / shareholders' equity) | - | 12.8% | 16.5% | 21.2% | 23% |
| ROA (Net income/ Total Assets) | - | 5.97% | 10.5% | 13.1% | 14.3% |
| Assets 1 | - | 374,485 | 309,841 | 358,185 | 402,114 |
| Book Value Per Share 2 | - | 804.0 | 911.0 | 1,047 | 1,194 |
| Cash Flow per Share 2 | - | 144.0 | 173.0 | 244.0 | 275.0 |
| Capex 1 | - | 11,534 | 19,780 | 10,340 | 7,100 |
| Capex / Sales | - | 6.38% | 8.89% | 3.82% | 2.3% |
| Announcement Date | 9/21/23 | 5/10/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
5,820
JPY
Average target price
5,441
JPY
Spread / Average Target
-6.51%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +76.18% | 8.48B | |
| +55.16% | 208B | |
| +89.45% | 43.4B | |
| +54.06% | 38.55B | |
| -11.55% | 29.78B | |
| +32.18% | 23.72B | |
| +21.14% | 13.77B | |
| -7.62% | 12.12B | |
| +165.96% | 11.44B | |
| -14.86% | 5.33B |
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- Financials Kokusai Electric Corporation
