YAMATO HOLDINGS CO LTD |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,818 JPY | +0.86% |
|
+4.54% | -30.24% |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,127,231 | 660,844 | 1,126,062 | 845,514 | 821,998 | 617,991 | - | - |
| Enterprise Value (EV) 1 | 1,044,510 | 588,456 | 949,691 | 677,870 | 684,898 | 740,081 | 528,470 | 514,244 |
| P/E ratio | 43.9 x | 29.9 x | 20 x | 15.2 x | 17.9 x | 20.1 x | 18.1 x | 13.1 x |
| Yield | 0.98% | 2.42% | 1.52% | 2.01% | 2.03% | 2.13% | 2.55% | 3.08% |
| Capitalization / Revenue | 0.69 x | 0.41 x | 0.66 x | 0.47 x | 0.46 x | 0.42 x | 0.34 x | 0.33 x |
| EV / Revenue | 0.64 x | 0.36 x | 0.56 x | 0.38 x | 0.38 x | 0.42 x | 0.29 x | 0.28 x |
| EV / EBITDA | 9.52 x | 5.9 x | 6.73 x | 6.01 x | 6.73 x | 8.76 x | 5.47 x | 4.4 x |
| EV / FCF | 27.3 x | 30.3 x | 13.9 x | -97.9 x | 200 x | -55.2 x | 77.6 x | 32.3 x |
| FCF Yield | 3.66% | 3.3% | 7.21% | -1.02% | 0.5% | -1.81% | 1.29% | 3.09% |
| Price to Book | 1.99 x | 1.18 x | 1.95 x | 1.42 x | 1.35 x | 1.26 x | 1.03 x | 0.98 x |
| Nbr of stocks (in thousands) | 394,275 | 389,419 | 371,025 | 368,737 | 362,273 | 342,948 | - | - |
| Reference price 2 | 2,859 | 1,697 | 3,035 | 2,293 | 2,269 | 1,802 | 1,802 | 1,802 |
| Announcement Date | 4/26/19 | 5/15/20 | 4/28/21 | 5/10/22 | 5/10/23 | 5/8/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,625,315 | 1,630,146 | 1,695,867 | 1,793,618 | 1,800,668 | 1,758,626 | 1,802,257 | 1,865,994 |
| EBITDA 1 | 109,703 | 99,805 | 141,018 | 112,769 | 101,711 | 84,489 | 96,581 | 116,951 |
| EBIT 1 | 58,345 | 44,701 | 92,121 | 77,199 | 60,085 | 40,059 | 50,229 | 69,307 |
| Operating Margin | 3.59% | 2.74% | 5.43% | 4.3% | 3.34% | 2.28% | 2.79% | 3.71% |
| Earnings before Tax (EBT) 1 | 52,258 | 44,581 | 91,759 | 81,040 | 56,815 | 51,704 | 49,524 | 67,645 |
| Net income 1 | 25,682 | 22,324 | 56,700 | 55,956 | 45,898 | 37,626 | 34,084 | 46,500 |
| Net margin | 1.58% | 1.37% | 3.34% | 3.12% | 2.55% | 2.14% | 1.89% | 2.49% |
| EPS 2 | 65.14 | 56.78 | 151.6 | 151.0 | 126.6 | 107.2 | 99.63 | 137.6 |
| Free Cash Flow 1 | 38,255 | 19,400 | 68,490 | -6,927 | 3,426 | -9,374 | 6,810 | 15,912 |
| FCF margin | 2.35% | 1.19% | 4.04% | -0.39% | 0.19% | -0.53% | 0.38% | 0.85% |
| FCF Conversion (EBITDA) | 34.87% | 19.44% | 48.57% | - | 3.37% | - | 7.05% | 13.61% |
| FCF Conversion (Net income) | 148.96% | 86.9% | 120.79% | - | 7.46% | - | 19.98% | 34.22% |
| Dividend per Share 2 | 28.00 | 41.00 | 46.00 | 46.00 | 46.00 | 46.00 | 46.00 | 55.50 |
| Announcement Date | 4/26/19 | 5/15/20 | 4/28/21 | 5/10/22 | 5/10/23 | 5/8/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 800,126 | 830,020 | 806,067 | 889,800 | 445,629 | 865,470 | 506,916 | 421,232 | 424,159 | 459,596 | 883,755 | 512,212 | 404,701 | 420,212 | 446,370 | 866,582 | 500,245 | 391,799 | 892,044 | 415,409 | 453,259 | 868,000 | 515,071 | 409,703 | 955,000 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 6,213 | 38,488 | 26,915 | 65,206 | 18,956 | 31,690 | 47,482 | -1,973 | 2,416 | 15,632 | 18,048 | 48,352 | -6,315 | 1,598 | 10,760 | 12,358 | 38,004 | -10,303 | 27,701 | -5,733 | 7,333 | -4,500 | 42,700 | 4,933 | 55,000 |
| Operating Margin | 0.78% | 4.64% | 3.34% | 7.33% | 4.25% | 3.66% | 9.37% | -0.47% | 0.57% | 3.4% | 2.04% | 9.44% | -1.56% | 0.38% | 2.41% | 1.43% | 7.6% | -2.63% | 3.11% | -1.38% | 1.62% | -0.52% | 8.29% | 1.2% | 5.76% |
| Earnings before Tax (EBT) | 2,509 | - | 26,975 | - | - | 22,293 | 48,946 | - | 1,706 | 15,726 | 17,432 | 44,736 | - | 1,686 | - | 10,266 | 50,783 | - | - | - | - | - | - | - | - |
| Net income 1 | -3,459 | - | 14,186 | - | 2,926 | 14,631 | 33,148 | 8,177 | 320 | 10,038 | 10,358 | 28,729 | 6,811 | -133 | 5,517 | 5,384 | 41,543 | -9,301 | - | -8,000 | 1,000 | -7,000 | 35,000 | 1,000 | - |
| Net margin | -0.43% | - | 1.76% | - | 0.66% | 1.69% | 6.54% | 1.94% | 0.08% | 2.18% | 1.17% | 5.61% | 1.68% | -0.03% | 1.24% | 0.62% | 8.3% | -2.37% | - | -1.93% | 0.22% | -0.81% | 6.8% | 0.24% | - |
| EPS 2 | -8.770 | - | 37.60 | - | 7.890 | 39.44 | 89.34 | 22.25 | 0.8800 | 27.69 | 28.57 | 79.26 | 18.81 | -0.3700 | 15.44 | 15.07 | 117.7 | -25.52 | - | -23.46 | 15.84 | - | 99.43 | 4.880 | - |
| Dividend per Share | 15.00 | - | 16.00 | - | 23.00 | 23.00 | - | 23.00 | - | 23.00 | 23.00 | - | - | - | - | 23.00 | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/31/19 | 5/15/20 | 10/30/20 | 4/28/21 | 11/12/21 | 11/12/21 | 2/9/22 | 5/10/22 | 8/8/22 | 11/7/22 | 11/7/22 | 2/6/23 | 5/10/23 | 8/3/23 | 11/1/23 | 11/1/23 | 2/5/24 | 5/8/24 | 5/8/24 | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 82,721 | 72,388 | 176,371 | 167,644 | 137,100 | 100,845 | 89,521 | 103,747 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 38,255 | 19,400 | 68,490 | -6,927 | 3,426 | -9,374 | 6,811 | 15,912 |
| ROE (net income / shareholders' equity) | 4.6% | 4% | 10% | 9.6% | 7.6% | 6.3% | 5.81% | 7.81% |
| ROA (Net income/ Total Assets) | 4.85% | 3.65% | 8.58% | 7.75% | 5.29% | 3.61% | 3.36% | 4.19% |
| Assets 1 | 529,906 | 611,169 | 660,581 | 722,208 | 867,293 | 1,043,222 | 1,015,128 | 1,109,884 |
| Book Value Per Share 2 | 1,435 | 1,441 | 1,553 | 1,611 | 1,685 | 1,708 | 1,754 | 1,843 |
| Cash Flow per Share 2 | 195.0 | 197.0 | 282.0 | 247.0 | 241.0 | 234.0 | 222.0 | 264.0 |
| Capex 1 | 79,838 | 55,033 | 55,431 | 78,572 | 55,691 | 62,359 | 96,000 | 91,000 |
| Capex / Sales | 4.91% | 3.38% | 3.27% | 4.38% | 3.09% | 3.55% | 5.33% | 4.88% |
| Announcement Date | 4/26/19 | 5/15/20 | 4/28/21 | 5/10/22 | 5/10/23 | 5/8/24 | - | - |
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
B
Sell
Buy
Mean consensus
HOLD
Number of Analysts
10
Last Close Price
1,802
JPY
Average target price
2,152
JPY
Spread / Average Target
+19.45%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -30.24% | 3.93B | |
| -11.64% | 119B | |
| +0.39% | 62.49B | |
| -13.81% | 49.01B | |
| -4.98% | 17.08B | |
| +31.92% | 8.95B | |
| -51.77% | 8.6B | |
| -22.21% | 6.32B | |
| -17.87% | 6B | |
| +30.28% | 5.46B |
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- Financials Yamato Holdings Co Ltd
