Financials Eiwa Corporation

Equities

9857

JP3161100007

Industrial Machinery & Equipment

Delayed Japan Exchange 20:00:00 2024-06-26 EDT 5-day change 1st Jan Change
2,238 JPY 0.00% Intraday chart for Eiwa Corporation +1.77% +10.41%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 6,025 5,924 5,753 7,835 7,962 8,132
Enterprise Value (EV) 1 3,523 2,981 1,889 1,858 2,150 2,391
P/E ratio 8.22 x 6.3 x 5.1 x 6.73 x 7.46 x 6.16 x
Yield 2.73% 3.42% 4.07% 3.15% 3.1% 4.12%
Capitalization / Revenue 0.18 x 0.16 x 0.15 x 0.2 x 0.21 x 0.2 x
EV / Revenue 0.1 x 0.08 x 0.05 x 0.05 x 0.06 x 0.06 x
EV / EBITDA 3.04 x 1.93 x 1.07 x 1.03 x 1.31 x 1.21 x
EV / FCF 107 x 4.87 x 1.85 x 0.84 x 9.15 x 6.68 x
FCF Yield 0.94% 20.6% 54.1% 119% 10.9% 15%
Price to Book 0.64 x 0.6 x 0.54 x 0.66 x 0.62 x 0.58 x
Nbr of stocks (in thousands) 6,329 6,329 6,329 6,329 6,329 6,329
Reference price 2 952.0 936.0 909.0 1,238 1,258 1,285
Announcement Date 6/28/18 6/24/19 6/26/20 6/28/21 6/29/22 6/29/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 34,367 37,394 37,682 39,159 37,378 41,284
EBITDA 1 1,158 1,547 1,771 1,799 1,638 1,976
EBIT 1 1,064 1,470 1,709 1,742 1,562 1,894
Operating Margin 3.1% 3.93% 4.54% 4.45% 4.18% 4.59%
Earnings before Tax (EBT) 1 1,167 1,484 1,746 1,790 1,608 1,987
Net income 1 733 941 1,127 1,164 1,067 1,320
Net margin 2.13% 2.52% 2.99% 2.97% 2.85% 3.2%
EPS 2 115.8 148.7 178.1 183.9 168.6 208.6
Free Cash Flow 1 33 612.6 1,021 2,211 235 357.9
FCF margin 0.1% 1.64% 2.71% 5.65% 0.63% 0.87%
FCF Conversion (EBITDA) 2.85% 39.6% 57.67% 122.89% 14.35% 18.11%
FCF Conversion (Net income) 4.5% 65.1% 90.62% 189.94% 22.02% 27.11%
Dividend per Share 2 26.00 32.00 37.00 39.00 39.00 53.00
Announcement Date 6/28/18 6/24/19 6/26/20 6/28/21 6/29/22 6/29/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2021 S1 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3 2024 Q1 2024 S1 2024 Q3
Net sales 1 16,924 16,232 15,771 9,472 7,919 17,399 9,943 8,841 19,190 11,132
EBITDA - - - - - - - - - -
EBIT 1 648 457 368 386 68 450 448 365 893 686
Operating Margin 3.83% 2.82% 2.33% 4.08% 0.86% 2.59% 4.51% 4.13% 4.65% 6.16%
Earnings before Tax (EBT) 1 680 480 391 403 93 485 479 397 945 710
Net income 1 444 299 237 267 42 297 319 263 626 472
Net margin 2.62% 1.84% 1.5% 2.82% 0.53% 1.71% 3.21% 2.97% 3.26% 4.24%
EPS 2 70.30 47.27 37.50 42.17 6.710 47.03 50.33 41.65 99.00 74.54
Dividend per Share 10.00 5.000 10.00 - - 10.00 - - 15.00 -
Announcement Date 11/7/19 11/6/20 11/8/21 2/4/22 8/3/22 11/8/22 2/7/23 8/4/23 11/7/23 2/6/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 2,502 2,943 3,864 5,977 5,812 5,741
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 33 613 1,021 2,211 235 358
ROE (net income / shareholders' equity) 8.13% 9.79% 10.9% 10.3% 8.66% 9.87%
ROA (Net income/ Total Assets) 2.91% 3.83% 4.25% 4.08% 3.48% 3.95%
Assets 1 25,175 24,599 26,505 28,546 30,697 33,456
Book Value Per Share 2 1,477 1,560 1,698 1,876 2,019 2,207
Cash Flow per Share 2 534.0 585.0 710.0 1,019 1,046 1,025
Capex 1 20 34 31 28 242 93
Capex / Sales 0.06% 0.09% 0.08% 0.07% 0.65% 0.23%
Announcement Date 6/28/18 6/24/19 6/26/20 6/28/21 6/29/22 6/29/23
1JPY in Million2JPY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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