Projected Income Statement: Artiza Networks, Inc.

Forecast Balance Sheet: Artiza Networks, Inc.

Fiscal Period: July 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt -4,599 -5,073 -5,081 -4,957 -1,432 - - -
Change - -10.31% -0.16% 2.44% 71.11% - - -
Announcement Date 9/2/21 9/8/22 9/13/23 9/12/24 9/11/25 - - -
Estimates

Cash Flow Forecast: Artiza Networks, Inc.

Fiscal Period: July 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 598 132.5 102.8 219 50 119 119 119
Change - -77.84% -22.42% 113% -77.17% 138% 0% 0%
Free Cash Flow (FCF) 1 1,275 694.5 130.4 208.7 348 - - -
Change - -45.54% -81.22% 60.01% 66.75% -100% - -
Announcement Date 9/2/21 9/8/22 9/13/23 9/12/24 9/11/25 - - -
1JPY in Million
Estimates

Forecast Financial Ratios: Artiza Networks, Inc.

Fiscal Period: July 2020 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

         
EBITDA Margin (%) - - - - - - - - -
EBIT Margin (%) - 20.62% 32.19% 9.68% 1.14% 4.33% 12.07% 12.86% 13.16%
EBT Margin (%) - 19.56% 32.43% 6.49% 1.95% 8.06% - - -
Net margin (%) - 19.58% 24.15% 3.7% -5.07% 4.96% 6.9% 8.57% 10.53%
FCF margin (%) - 31.49% 15.29% 3.17% 7.4% 12.99% - - -
FCF / Net Income (%) - 160.81% 63.31% 85.61% -145.94% 261.65% - - -

Profitability

         
ROA - 11.04% 15.12% 4.25% - - - - -
ROE - 14.8% 15.4% 2.03% -2% 2% 2.9% 4.2% 5.2%

Financial Health

         
Leverage (Debt/EBITDA) - - - - - - - - -
Debt / Free cash flow - - - - - - - - -

Capital Intensity

         
CAPEX / Current Assets (%) - 14.76% 2.92% 2.5% 7.77% 1.87% 4.1% 3.4% 3.13%
CAPEX / EBITDA (%) - - - - - - - - -
CAPEX / FCF (%) - 46.89% 19.08% 78.82% 104.93% 14.37% - - -

Items per share

         
Cash flow per share 1 - 116.2 141.8 33.72 -1.75 28.1 36.3 47.7 59.1
Change - - 22.07% -76.23% -105.19% 1,705.71% 29.18% 31.4% 23.9%
Dividend per Share 1 - 17 20 30 20 20 20 20 20
Change - - 17.65% 50% -33.33% 0% 0% 0% 0%
Book Value Per Share 1 - 714.4 821.6 811.5 765.5 747.2 - - -
Change - - 15.01% -1.23% -5.67% -2.39% - - -
EPS 1 - 91.89 118.3 16.52 -15.69 14.83 22.8 34.2 45.6
Change - - 28.77% -86.04% -194.98% 194.52% 53.74% 50% 33.33%
Nbr of stocks (in thousands) - 9,271 9,271 9,131 9,131 8,780 8,780 8,780 8,780
Announcement Date - 9/2/21 9/8/22 9/13/23 9/12/24 9/11/25 - - -
1JPY
Estimates
2026 *2027 *
P/E Ratio 27.2x 18.2x
PBR - -
EV / Sales 1.88x 1.56x
Yield 3.22% 3.22%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Quarterly revenue - Rate of surprise

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