Financials Kokusai Electric Corporation

Equities

6525

JP3293330001

Semiconductor Equipment & Testing

Delayed Japan Exchange 09:51:14 2024-06-02 pm EDT 5-day change 1st Jan Change
4,235 JPY -1.51% Intraday chart for Kokusai Electric Corporation +5.48% +38.17%

Valuation

Fiscal Period: March 2024 2025 2026
Capitalization 1 1,004,876 - -
Enterprise Value (EV) 1 974,790 976,938 961,543
P/E ratio 43.3 x 31.3 x 21.7 x
Yield 0.26% 0.81% 1.24%
Capitalization / Revenue 5.39 x 4.55 x 3.72 x
EV / Revenue 5.39 x 4.42 x 3.56 x
EV / EBITDA 23.4 x 16.9 x 12.8 x
EV / FCF -108 x 82.5 x 21.9 x
FCF Yield -0.92% 1.21% 4.57%
Price to Book 5.21 x 4.72 x 4.17 x
Nbr of stocks (in thousands) 233,692 - -
Reference price 2 4,300 4,300 4,300
Announcement Date 5/10/24 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2023 2024 2025 2026
Net sales 1 245,721 180,838 221,067 270,204
EBITDA 1 - 41,690 57,865 74,957
EBIT 1 - 30,745 45,856 64,580
Operating Margin - 17% 20.74% 23.9%
Earnings before Tax (EBT) 1 - 29,757 45,054 63,151
Net income 1 40,305 22,374 31,884 45,874
Net margin 16.4% 12.37% 14.42% 16.98%
EPS 2 - 96.82 137.4 197.9
Free Cash Flow 1 - -9,008 11,845 43,912
FCF margin - -4.98% 5.36% 16.25%
FCF Conversion (EBITDA) - - 20.47% 58.58%
FCF Conversion (Net income) - - 37.15% 95.72%
Dividend per Share 2 - 11.00 34.83 53.43
Announcement Date 9/21/23 5/10/24 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Net sales 1 44,995 77,705 53,956 49,177 103,133 52,580 53,850 55,325 59,150
EBITDA - - - - - - - - -
EBIT 1 9,368 13,373 10,689 6,683 17,372 11,240 11,500 11,425 12,375
Operating Margin 20.82% 17.21% 19.81% 13.59% 16.84% 21.38% 21.36% 20.65% 20.92%
Earnings before Tax (EBT) 1 9,145 12,872 10,742 6,143 16,885 8,500 - - -
Net income 1 6,158 8,813 7,914 5,647 13,561 7,333 8,200 8,500 9,300
Net margin 13.69% 11.34% 14.67% 11.48% 13.15% 13.95% 15.23% 15.36% 15.72%
EPS 2 26.73 38.25 34.29 24.28 58.57 29.67 33.49 32.20 36.06
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: March 2023 2024 2025 2026
Net Debt 1 - 399 - -
Net Cash position 1 - - 27,939 43,333
Leverage (Debt/EBITDA) - 0.009571 x - -
Free Cash Flow 1 - -9,008 11,845 43,912
ROE (net income / shareholders' equity) - 12.8% 16.5% 21.1%
ROA (Net income/ Total Assets) - 5.97% 10.4% 12.8%
Assets 1 - 374,486 306,188 358,872
Book Value Per Share 2 - 804.0 911.0 1,032
Cash Flow per Share 2 - 144.0 166.0 240.0
Capex 1 - 11,950 19,600 7,675
Capex / Sales - 6.61% 8.87% 2.84%
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
4,300 JPY
Average target price
5,074 JPY
Spread / Average Target
+18.01%
Consensus
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