TOKYOTOKEIBA CO.,LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,215 JPY | -0.24% |
|
+2.43% | -4.96% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 98,235 | 133,628 | 116,921 | 103,753 | 121,558 | 113,655 | - | - |
| Enterprise Value (EV) 1 | 102,529 | 129,876 | 116,094 | 96,234 | 123,188 | 113,655 | 113,655 | 113,655 |
| P/E ratio | 18.9 x | 25.8 x | 13.3 x | 11.1 x | 14.4 x | 12 x | 10.9 x | 10.3 x |
| Yield | 1.45% | 1.18% | 1.52% | 1.98% | 2.03% | 2.49% | 2.75% | 2.91% |
| Capitalization / Revenue | 3.96 x | 4.64 x | 3.68 x | 2.93 x | 3.24 x | 2.76 x | 2.6 x | 2.42 x |
| EV / Revenue | 3.96 x | 4.64 x | 3.68 x | 2.93 x | 3.24 x | 2.76 x | 2.6 x | 2.42 x |
| EV / EBITDA | 8.22 x | 8.6 x | 6.85 x | 5.44 x | 6.43 x | 5.6 x | 5.29 x | 5.05 x |
| EV / FCF | -446 x | 13.1 x | 33 x | -614 x | 141 x | 53 x | 11.3 x | 11.2 x |
| FCF Yield | -0.22% | 7.64% | 3.03% | -0.16% | 0.71% | 1.89% | 8.85% | 8.9% |
| Price to Book | 1.47 x | 1.89 x | 1.61 x | 1.29 x | 1.4 x | 1.23 x | 1.14 x | 1.06 x |
| Nbr of stocks (in thousands) | 28,557 | 28,553 | 27,414 | 27,412 | 27,409 | 26,901 | - | - |
| Reference price 2 | 3,440 | 4,680 | 4,265 | 3,785 | 4,435 | 4,225 | 4,225 | 4,225 |
| Announcement Date | 2/14/20 | 2/15/21 | 2/14/22 | 2/14/23 | 2/14/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 24,836 | 28,789 | 31,800 | 35,450 | 37,544 | 41,185 | 43,650 | 47,000 |
| EBITDA 1 | 11,951 | 15,531 | 17,061 | 19,060 | 18,917 | 20,300 | 21,500 | 22,500 |
| EBIT 1 | 7,981 | 11,172 | 12,803 | 14,163 | 13,362 | 13,720 | 15,135 | 16,500 |
| Operating Margin | 32.13% | 38.81% | 40.26% | 39.95% | 35.59% | 33.31% | 34.67% | 35.11% |
| Earnings before Tax (EBT) 1 | 7,501 | 7,771 | 13,111 | 13,353 | 12,149 | 13,800 | 15,000 | 16,500 |
| Net income 1 | 5,200 | 5,175 | 9,084 | 9,386 | 8,452 | 9,405 | 10,370 | 11,200 |
| Net margin | 20.94% | 17.98% | 28.57% | 26.48% | 22.51% | 22.84% | 23.76% | 23.83% |
| EPS 2 | 182.1 | 181.2 | 320.4 | 342.4 | 308.4 | 350.8 | 387.0 | 410.8 |
| Free Cash Flow 1 | -220.4 | 10,213 | 3,544 | -169.1 | 864 | 2,144 | 10,060 | 10,120 |
| FCF margin | -0.89% | 35.48% | 11.14% | -0.48% | 2.3% | 5.21% | 23.05% | 21.53% |
| FCF Conversion (EBITDA) | - | 65.76% | 20.77% | - | 4.57% | 10.56% | 46.79% | 44.98% |
| FCF Conversion (Net income) | - | 197.35% | 39.01% | - | 10.22% | 22.8% | 97.01% | 90.36% |
| Dividend per Share 2 | 50.00 | 55.00 | 65.00 | 75.00 | 90.00 | 105.0 | 116.0 | 123.0 |
| Announcement Date | 2/14/20 | 2/15/21 | 2/14/22 | 2/14/23 | 2/14/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 13,786 | 13,108 | 15,681 | 14,975 | 8,277 | 16,825 | 7,952 | 8,748 | 16,700 | 9,921 | 8,829 | 18,750 | 8,250 | 9,149 | 17,399 | 10,563 | - | 8,782 | 10,221 | 19,000 | 11,790 | 10,710 | 22,500 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 4,597 | 4,919 | 6,253 | 6,249 | 3,060 | 6,554 | 3,009 | 3,990 | 6,999 | 4,449 | 2,715 | 7,164 | 2,912 | 3,452 | 6,364 | 4,117 | - | 2,822 | 3,578 | 6,400 | 4,350 | 3,050 | 7,400 |
| Operating Margin | 33.35% | 37.53% | 39.88% | 41.73% | 36.97% | 38.95% | 37.84% | 45.61% | 41.91% | 44.84% | 30.75% | 38.21% | 35.3% | 37.73% | 36.58% | 38.98% | - | 32.13% | 35.01% | 33.68% | 36.9% | 28.48% | 32.89% |
| Earnings before Tax (EBT) 1 | 4,447 | 4,752 | - | 6,565 | 3,105 | 6,546 | 3,056 | 4,354 | 7,410 | 4,442 | 1,501 | - | 1,729 | 3,463 | 5,192 | 4,175 | - | 2,922 | 3,585 | 6,400 | 4,350 | 3,050 | 7,400 |
| Net income 1 | 3,215 | 3,145 | 2,030 | 4,448 | 2,143 | 4,636 | 2,060 | 2,987 | 5,047 | 3,216 | 1,123 | 4,339 | 1,186 | 2,361 | 3,547 | 2,832 | - | 1,944 | 2,456 | 4,400 | 2,900 | 2,100 | 5,000 |
| Net margin | 23.32% | 23.99% | 12.95% | 29.7% | 25.89% | 27.55% | 25.91% | 34.14% | 30.22% | 32.42% | 12.72% | 23.14% | 14.38% | 25.81% | 20.39% | 26.81% | - | 22.14% | 24.03% | 23.16% | 24.6% | 19.61% | 22.22% |
| EPS | - | 110.2 | - | 155.8 | - | - | 75.16 | - | 184.1 | 117.4 | - | - | 43.29 | - | 129.4 | 103.3 | - | 71.05 | - | - | - | - | - |
| Dividend per Share | - | 25.00 | - | 30.00 | - | - | - | - | 30.00 | - | - | - | - | - | 30.00 | - | 60.00 | - | - | - | - | - | - |
| Announcement Date | 2/14/20 | 7/31/20 | 2/15/21 | 7/30/21 | 2/14/22 | 2/14/22 | 4/28/22 | 7/29/22 | 7/29/22 | 10/28/22 | 2/14/23 | 2/14/23 | 4/28/23 | 7/31/23 | 7/31/23 | 10/31/23 | 2/14/24 | 4/30/24 | - | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | 4,294 | - | - | - | 1,630 | - | - | - |
| Net Cash position | - | 3,752 | 827 | 7,519 | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.3593 x | - | - | - | 0.0862 x | - | - | - |
| Free Cash Flow 1 | -220 | 10,213 | 3,544 | -169 | 864 | 2,144 | 10,060 | 10,120 |
| ROE (net income / shareholders' equity) | 8% | 7.5% | 12.7% | 12.3% | 10.1% | 10.4% | 10.5% | 10.7% |
| ROA (Net income/ Total Assets) | 8.59% | 11.7% | 12.3% | 12.1% | 11.1% | 11.5% | 11.8% | 12.2% |
| Assets 1 | 60,519 | 44,110 | 73,730 | 77,746 | 75,924 | 81,783 | 87,881 | 91,803 |
| Book Value Per Share 2 | 2,346 | 2,470 | 2,657 | 2,929 | 3,164 | 3,426 | 3,697 | 3,996 |
| Cash Flow per Share | 321.0 | 334.0 | 471.0 | 521.0 | 511.0 | - | - | - |
| Capex 1 | 9,444 | 2,965 | 10,235 | 14,236 | 11,939 | 13,500 | 7,000 | 7,000 |
| Capex / Sales | 38.03% | 10.3% | 32.19% | 40.16% | 31.8% | 32.78% | 16.04% | 14.89% |
| Announcement Date | 2/14/20 | 2/15/21 | 2/14/22 | 2/14/23 | 2/14/24 | - | - | - |
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
BUY
Number of Analysts
1
Last Close Price
4,225
JPY
Average target price
6,200
JPY
Spread / Average Target
+46.75%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -4.96% | 720M | |
| +15.76% | 36.82B | |
| -3.14% | 22.83B | |
| +27.95% | 22.69B | |
| -22.86% | 19.7B | |
| +12.00% | 18.35B | |
| -29.63% | 17.64B | |
| +7.30% | 10.45B | |
| -16.34% | 8.66B | |
| +2.79% | 7.5B |
- Stock Market
- Equities
- 9672 Stock
- Financials Tokyotokeiba Co.,Ltd.
