FURUKAWA ELECTRIC CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,056 JPY | -1.15% |
|
-0.56% | +82.95% |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 196,728 | 138,507 | 209,371 | 153,156 | 173,243 | 289,093 | - | - |
| Enterprise Value (EV) 1 | 395,737 | 319,339 | 412,703 | 426,866 | 444,512 | 507,472 | 571,453 | 573,248 |
| P/E ratio | 6.76 x | 7.85 x | 20.9 x | 15.2 x | 9.67 x | 35 x | 21.3 x | 14.4 x |
| Yield | 3.05% | 4.33% | 2.02% | 2.76% | 3.25% | 1.85% | 1.52% | 2% |
| Capitalization / Revenue | 0.2 x | 0.15 x | 0.26 x | 0.16 x | 0.16 x | 0.22 x | 0.26 x | 0.25 x |
| EV / Revenue | 0.4 x | 0.35 x | 0.51 x | 0.46 x | 0.42 x | 0.48 x | 0.51 x | 0.5 x |
| EV / EBITDA | 5.9 x | 6.03 x | 10.2 x | 9.45 x | 8.15 x | 10.1 x | 8.91 x | 7.77 x |
| EV / FCF | 25.7 x | -28.5 x | -10.2 x | -8 x | 30 x | -71.9 x | -53.7 x | -179 x |
| FCF Yield | 3.9% | -3.51% | -9.8% | -12.5% | 3.34% | -1.39% | -1.86% | -0.56% |
| Price to Book | 0.79 x | 0.58 x | 0.81 x | 0.55 x | 0.57 x | 0.7 x | 0.87 x | 0.84 x |
| Nbr of stocks (in thousands) | 70,487 | 70,487 | 70,495 | 70,384 | 70,395 | 70,459 | - | - |
| Reference price 2 | 2,791 | 1,965 | 2,970 | 2,176 | 2,461 | 4,103 | 4,103 | 4,103 |
| Announcement Date | 5/14/19 | 5/19/20 | 5/12/21 | 5/12/22 | 5/11/23 | 5/13/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 991,590 | 914,439 | 811,600 | 930,496 | 1,066,326 | 1,056,528 | 1,109,721 | 1,150,381 |
| EBITDA 1 | 67,113 | 52,988 | 40,592 | 45,149 | 54,539 | 50,122 | 64,120 | 73,764 |
| EBIT 1 | 40,842 | 23,565 | 8,429 | 11,428 | 15,441 | 11,171 | 24,217 | 34,500 |
| Operating Margin | 4.12% | 2.58% | 1.04% | 1.23% | 1.45% | 1.06% | 2.18% | 3% |
| Earnings before Tax (EBT) 1 | 35,757 | 30,751 | 21,316 | 20,430 | 30,302 | 20,064 | 22,433 | 31,630 |
| Net income 1 | 29,108 | 17,639 | 10,001 | 10,093 | 17,911 | 6,508 | 13,579 | 20,088 |
| Net margin | 2.94% | 1.93% | 1.23% | 1.08% | 1.68% | 0.62% | 1.22% | 1.75% |
| EPS 2 | 413.0 | 250.2 | 141.9 | 143.4 | 254.4 | 92.40 | 192.8 | 285.2 |
| Free Cash Flow 1 | 15,418 | -11,202 | -40,442 | -53,343 | 14,839 | -7,057 | -10,650 | -3,200 |
| FCF margin | 1.55% | -1.23% | -4.98% | -5.73% | 1.39% | -0.67% | -0.96% | -0.28% |
| FCF Conversion (EBITDA) | 22.97% | - | - | - | 27.21% | - | - | - |
| FCF Conversion (Net income) | 52.97% | - | - | - | 82.85% | - | - | - |
| Dividend per Share 2 | 85.00 | 85.00 | 60.00 | 60.00 | 80.00 | 60.00 | 62.50 | 82.14 |
| Announcement Date | 5/14/19 | 5/19/20 | 5/12/21 | 5/12/22 | 5/11/23 | 5/13/24 | - | - |
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 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 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 | 455,200 | 459,239 | 354,469 | 457,131 | 228,440 | 447,251 | 223,678 | 259,567 | 483,245 | 260,293 | 264,234 | 524,527 | 261,393 | 280,406 | 541,799 | 246,414 | 256,696 | 503,110 | 262,189 | 291,229 | - | 253,641 | 268,642 | 535,000 | 282,448 | 299,711 | 580,000 |
| EBITDA 1 | - | - | - | - | - | - | 6,817 | 14,074 | - | 10,303 | 13,193 | - | 11,269 | 19,774 | - | 6,778 | 7,830 | - | 13,893 | 13,952 | - | 12,213 | 13,947 | - | 15,238 | 19,265 | - |
| EBIT 1 | 10,766 | 12,799 | -3,337 | 11,766 | 3,457 | 7,240 | -2,167 | 6,355 | 4,188 | 1,064 | 3,521 | 4,585 | 1,448 | 9,408 | 10,856 | -2,779 | -1,833 | -4,612 | 4,057 | 11,726 | 13,883 | 2,449 | 4,170 | 7,000 | 7,408 | 10,707 | 18,000 |
| Operating Margin | 2.37% | 2.79% | -0.94% | 2.57% | 1.51% | 1.62% | -0.97% | 2.45% | 0.87% | 0.41% | 1.33% | 0.87% | 0.55% | 3.36% | 2% | -1.13% | -0.71% | -0.92% | 1.55% | 4.03% | - | 0.97% | 1.55% | 1.31% | 2.62% | 3.57% | 3.1% |
| Earnings before Tax (EBT) 1 | 10,486 | - | 5,527 | - | - | 13,079 | -2,388 | 9,739 | - | 8,706 | 5,407 | 14,113 | 8,500 | 7,689 | - | 815 | -906 | -91 | -119 | 20,274 | - | - | - | - | - | - | - |
| Net income 1 | 6,088 | - | 1,570 | - | 2,968 | 7,197 | -3,853 | 6,749 | - | 5,750 | 2,188 | 7,938 | 4,495 | 5,478 | - | -1,708 | -2,438 | -4,146 | -2,379 | 13,033 | - | 1,545 | 2,807 | - | 4,158 | 4,952 | - |
| Net margin | 1.34% | - | 0.44% | - | 1.3% | 1.61% | -1.72% | 2.6% | - | 2.21% | 0.83% | 1.51% | 1.72% | 1.95% | - | -0.69% | -0.95% | -0.82% | -0.91% | 4.48% | - | 0.61% | 1.04% | - | 1.47% | 1.65% | - |
| EPS 2 | 86.38 | - | 22.29 | - | - | 102.2 | -54.73 | 95.89 | - | 81.70 | 31.08 | 112.8 | 63.86 | 77.81 | - | -24.27 | -34.61 | -58.88 | -33.77 | 185.0 | - | 17.75 | 29.55 | - | 52.23 | 81.19 | - |
| Dividend per Share 2 | - | - | - | 60.00 | - | - | - | 60.00 | 60.00 | - | - | - | - | 80.00 | 80.00 | - | - | - | - | 60.00 | 60.00 | - | - | - | - | 60.00 | 60.00 |
| Announcement Date | 11/5/19 | 5/19/20 | 11/5/20 | 5/12/21 | 11/4/21 | 11/4/21 | 2/3/22 | 5/12/22 | 5/12/22 | 8/4/22 | 11/8/22 | 11/8/22 | 2/7/23 | 5/11/23 | 5/11/23 | 8/3/23 | 11/9/23 | 11/9/23 | 2/8/24 | 5/13/24 | 5/13/24 | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 199,009 | 180,832 | 203,332 | 273,710 | 271,269 | 279,397 | 282,361 | 284,155 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.965 x | 3.413 x | 5.009 x | 6.062 x | 4.974 x | 5.574 x | 4.404 x | 3.852 x |
| Free Cash Flow 1 | 15,418 | -11,202 | -40,442 | -53,343 | 14,839 | -7,057 | -10,650 | -3,200 |
| ROE (net income / shareholders' equity) | 12% | 7.2% | 4% | 3.7% | 6.1% | 2.07% | 4.25% | 6.02% |
| ROA (Net income/ Total Assets) | 4.78% | 2.82% | 0.64% | 2.22% | 2.1% | 0.68% | 1.73% | 2.05% |
| Assets 1 | 608,500 | 624,595 | 1,567,579 | 453,667 | 853,055 | 959,175 | 783,422 | 979,908 |
| Book Value Per Share 2 | 3,514 | 3,409 | 3,686 | 3,967 | 4,312 | 4,657 | 4,689 | 4,907 |
| Cash Flow per Share 2 | 786.0 | 668.0 | 598.0 | 622.0 | 810.0 | 645.0 | 766.0 | 837.0 |
| Capex 1 | 50,036 | 53,144 | 39,963 | 38,144 | 43,792 | 38,953 | 43,333 | 47,518 |
| Capex / Sales | 5.05% | 5.81% | 4.92% | 4.1% | 4.11% | 3.69% | 3.9% | 4.13% |
| Announcement Date | 5/14/19 | 5/19/20 | 5/12/21 | 5/12/22 | 5/11/23 | 5/13/24 | - | - |
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
A-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
8
Last Close Price
4,103
JPY
Average target price
3,661
JPY
Spread / Average Target
-10.77%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +82.95% | 1.8B | |
| +1.94% | 141B | |
| +25.07% | 136B | |
| +30.92% | 126B | |
| +9.03% | 60.71B | |
| +1.02% | 38.56B | |
| +81.16% | 32.57B | |
| +14.17% | 31.97B | |
| +22.81% | 30.67B | |
| -14.01% | 30.44B |
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- Financials Furukawa Electric Co., Ltd.
