Financials WingArc1st Inc.

Equities

4432

JP3154360006

Software

Delayed Japan Exchange 02:00:00 2024-07-16 am EDT 5-day change 1st Jan Change
2,692 JPY +0.71% Intraday chart for WingArc1st Inc. +0.56% -12.46%

Valuation

Fiscal Period: February 2022 2023 2024 2025 2026 2027
Capitalization 1 42,454 60,156 102,771 91,968 - -
Enterprise Value (EV) 1 47,626 61,192 99,726 91,968 91,968 91,968
P/E ratio 9.48 x 13.6 x 18.9 x 15.6 x 13.6 x 11.8 x
Yield 3.4% 2.44% 2.63% 3.14% 3.61% 4.19%
Capitalization / Revenue 2.14 x 2.69 x 3.99 x 3.24 x 2.92 x 2.61 x
EV / Revenue 2.14 x 2.69 x 3.99 x 3.24 x 2.92 x 2.61 x
EV / EBITDA 5.64 x 8.09 x 12 x 9.2 x 8 x 6.86 x
EV / FCF - - 16.5 x 12.9 x 11.3 x 9.86 x
FCF Yield - - 6.07% 7.77% 8.85% 10.1%
Price to Book 1.39 x 1.74 x 2.63 x 2.25 x 2.07 x 1.9 x
Nbr of stocks (in thousands) 33,855 34,083 34,383 34,406 - -
Reference price 2 1,254 1,765 2,989 2,673 2,673 2,673
Announcement Date 4/13/22 4/13/23 4/11/24 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February 2021 2022 2023 2024 2025 2026 2027
Net sales 1 18,285 19,833 22,349 25,753 28,350 31,550 35,300
EBITDA 1 - 7,525 7,436 8,597 10,000 11,500 13,400
EBIT 1 3,207 5,986 5,945 7,309 8,300 9,500 11,000
Operating Margin 17.54% 30.18% 26.6% 28.38% 29.28% 30.11% 31.16%
Earnings before Tax (EBT) 1 3,153 5,910 5,860 7,305 8,300 9,500 11,000
Net income 1 2,452 4,352 4,401 5,411 5,900 6,750 7,800
Net margin 13.41% 21.94% 19.69% 21.01% 20.81% 21.39% 22.1%
EPS 2 79.45 132.3 129.5 158.0 171.6 196.3 226.8
Free Cash Flow 1 4,481 - - 6,239 7,144 8,139 9,327
FCF margin 24.51% - - 24.23% 25.2% 25.8% 26.42%
FCF Conversion (EBITDA) - - - 72.57% 71.44% 70.77% 69.6%
FCF Conversion (Net income) 182.75% - - 115.3% 121.08% 120.58% 119.58%
Dividend per Share 2 24.00 42.60 43.10 78.70 84.00 96.50 112.0
Announcement Date 4/13/21 4/13/22 4/13/23 4/11/24 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: February 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3 2024 Q1 2024 S1 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Net sales 1 9,652 5,184 5,723 11,377 5,642 6,921 13,498 6,186 6,068 7,120 6,870 6,990 6,740
EBITDA - - - - - - - - - - - - -
EBIT 1 2,923 1,735 1,935 3,728 1,505 2,578 4,720 1,535 1,054 2,414 2,210 1,890 1,270
Operating Margin 30.28% 33.47% 33.81% 32.77% 26.67% 37.25% 34.97% 24.81% 17.37% 33.9% 32.17% 27.04% 18.84%
Earnings before Tax (EBT) 1 2,881 1,704 1,908 3,698 1,462 2,551 4,713 1,537 1,055 2,406 2,210 1,890 1,270
Net income 1 2,126 1,255 1,447 2,800 1,107 1,837 3,395 1,104 911.9 1,749 1,590 1,370 950
Net margin 22.03% 24.21% 25.28% 24.61% 19.62% 26.54% 25.15% 17.85% 15.03% 24.56% 23.14% 19.6% 14.09%
EPS 66.47 37.31 42.68 82.56 32.58 53.85 99.40 32.20 - 50.80 - - -
Dividend per Share 20.60 - - 21.30 - - 33.50 - - - - - -
Announcement Date 10/12/21 1/13/22 7/13/22 10/12/22 1/12/23 7/13/23 10/12/23 1/12/24 4/11/24 7/11/24 - - -
1JPY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: February 2021 2022 2023 2024 2025 2026 2027
Net Debt 10,991 5,172 1,036 - - - -
Net Cash position - - - 3,045 - - -
Leverage (Debt/EBITDA) - 0.6873 x 0.1393 x - - - -
Free Cash Flow 1 4,481 - - 6,239 7,144 8,139 9,327
ROE (net income / shareholders' equity) 10% 15.5% 13.5% 14.7% 14.8% 16.1% 17.5%
ROA (Net income/ Total Assets) - 10.3% 9.65% 11.4% - - -
Assets 1 - 42,278 45,613 47,602 - - -
Book Value Per Share 2 836.0 902.0 1,012 1,136 1,188 1,288 1,403
Cash Flow per Share 180.0 179.0 173.0 205.0 - - -
Capex 1 471 570 648 1,079 1,200 1,300 1,400
Capex / Sales 2.58% 2.87% 2.9% 4.19% 4.23% 4.12% 3.97%
Announcement Date 4/13/21 4/13/22 4/13/23 4/11/24 - - -
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
BUY
Number of Analysts
1
Last Close Price
2,673 JPY
Average target price
5,400 JPY
Spread / Average Target
+102.02%
Consensus
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