GOLDWIN INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9,510 JPY | +0.55% |
|
+5.78% | -6.17% |
| 03-12 | Morgan Stanley Adjusts Goldwin’s Price Target to 12,500 Yen From 13,000 Yen, Keeps at Overweight | MT |
| 02-06 | Goldwin’s Attributable Profit Up 8% in Fiscal Nine Months | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 364,675 | 272,632 | 321,087 | 281,871 | 567,433 | 427,025 | - | - |
| Enterprise Value (EV) 1 | 359,505 | 260,644 | 310,985 | 261,120 | 535,780 | 382,013 | 366,777 | 350,011 |
| P/E ratio | 39.7 x | 25.3 x | 29.9 x | 19.6 x | 27.1 x | 19 x | 17.4 x | 16.3 x |
| Yield | 0.53% | 1% | 0.99% | 1.37% | 0.87% | 1.27% | 1.37% | 1.48% |
| Capitalization / Revenue | 4.29 x | 2.78 x | 3.55 x | 2.87 x | 4.93 x | 3.4 x | 3.11 x | 2.87 x |
| EV / Revenue | 4.23 x | 2.66 x | 3.44 x | 2.66 x | 4.66 x | 3.04 x | 2.68 x | 2.36 x |
| EV / EBITDA | 26.8 x | 13.6 x | 18.8 x | 14.4 x | 22.6 x | 14.1 x | 12.3 x | 11.7 x |
| EV / FCF | 31.5 x | 24.4 x | 73.9 x | 16 x | 29.6 x | 25.2 x | 20.1 x | 17 x |
| FCF Yield | 3.18% | 4.1% | 1.35% | 6.25% | 3.38% | 3.97% | 4.97% | 5.87% |
| Price to Book | 9.22 x | 5.83 x | 6.08 x | 4.44 x | 7.1 x | 4.48 x | 3.75 x | 3.19 x |
| Nbr of stocks (in thousands) | 45,245 | 45,288 | 45,351 | 45,390 | 45,034 | 44,903 | - | - |
| Reference price 2 | 8,060 | 6,020 | 7,080 | 6,210 | 12,600 | 9,510 | 9,510 | 9,510 |
| Announcement Date | 19-05-14 | 20-05-14 | 21-05-14 | 22-05-13 | 23-05-12 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 84,934 | 97,899 | 90,479 | 98,235 | 115,052 | 125,652 | 137,104 | 148,531 |
| EBITDA 1 | 13,393 | 19,202 | 16,507 | 18,170 | 23,666 | 27,129 | 29,875 | 29,867 |
| EBIT 1 | 11,861 | 17,480 | 14,838 | 16,501 | 21,904 | 23,358 | 26,104 | 28,401 |
| Operating Margin | 13.96% | 17.86% | 16.4% | 16.8% | 19.04% | 18.59% | 19.04% | 19.12% |
| Earnings before Tax (EBT) 1 | 12,702 | 16,070 | 15,557 | 20,131 | 27,892 | 30,566 | 33,036 | 35,574 |
| Net income 1 | 9,243 | 10,770 | 10,734 | 14,350 | 20,977 | 22,575 | 24,757 | 26,594 |
| Net margin | 10.88% | 11% | 11.86% | 14.61% | 18.23% | 17.97% | 18.06% | 17.9% |
| EPS 2 | 203.1 | 237.9 | 236.6 | 316.3 | 465.7 | 499.4 | 545.3 | 584.3 |
| Free Cash Flow 1 | 11,427 | 10,678 | 4,206 | 16,327 | 18,112 | 15,176 | 18,240 | 20,561 |
| FCF margin | 13.45% | 10.91% | 4.65% | 16.62% | 15.74% | 12.08% | 13.3% | 13.84% |
| FCF Conversion (EBITDA) | 85.32% | 55.61% | 25.48% | 89.86% | 76.53% | 55.94% | 61.06% | 68.84% |
| FCF Conversion (Net income) | 123.63% | 99.15% | 39.18% | 113.78% | 86.34% | 67.23% | 73.68% | 77.31% |
| Dividend per Share 2 | 42.50 | 60.00 | 70.00 | 85.00 | 110.0 | 120.8 | 130.0 | 141.0 |
| Announcement Date | 19-05-14 | 20-05-14 | 21-05-14 | 22-05-13 | 23-05-12 | - | - | - |
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 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 41,168 | 56,731 | 31,558 | 58,921 | 21,130 | 38,208 | 35,574 | 24,453 | 60,027 | 21,099 | 24,210 | 45,309 | 41,437 | 28,306 | 69,743 | 23,150 | 27,946 | 51,096 | 43,736 | 30,836 | 26,000 | 31,000 | 50,500 | 33,500 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 5,537 | 11,943 | 1,236 | 13,602 | 2,164 | 3,299 | 10,858 | 2,344 | 13,202 | 2,266 | 3,011 | 5,277 | 13,004 | 3,623 | 16,627 | 2,263 | 3,807 | 6,070 | 13,119 | 4,112 | 2,700 | 4,500 | 15,500 | 4,300 |
| Operating Margin | 13.45% | 21.05% | 3.92% | 23.09% | 10.24% | 8.63% | 30.52% | 9.59% | 21.99% | 10.74% | 12.44% | 11.65% | 31.38% | 12.8% | 23.84% | 9.78% | 13.62% | 11.88% | 30% | 13.34% | 10.38% | 14.52% | 30.69% | 12.84% |
| Earnings before Tax (EBT) | 5,273 | - | 1,105 | - | 2,137 | 3,848 | 11,609 | 4,674 | 16,283 | 3,452 | 3,981 | 7,433 | 14,470 | 5,989 | 20,459 | 4,131 | 5,499 | 9,630 | 14,396 | - | - | - | - | - |
| Net income 1 | 3,597 | 7,173 | 623 | 10,111 | 1,397 | 2,632 | 8,157 | 3,561 | 11,718 | 2,603 | 3,241 | 5,844 | 10,424 | 4,709 | 15,133 | 3,347 | 3,976 | 7,323 | 10,251 | 4,551 | 3,550 | 4,250 | 11,800 | 5,900 |
| Net margin | 8.74% | 12.64% | 1.97% | 17.16% | 6.61% | 6.89% | 22.93% | 14.56% | 19.52% | 12.34% | 13.39% | 12.9% | 25.16% | 16.64% | 21.7% | 14.46% | 14.23% | 14.33% | 23.44% | 14.76% | 13.65% | 13.71% | 23.37% | 17.61% |
| EPS | 79.47 | - | 13.77 | - | - | 58.01 | 179.8 | - | - | 57.74 | - | 129.7 | 231.4 | - | - | 74.30 | - | 162.5 | 227.4 | - | - | - | - | - |
| Dividend per Share | 15.00 | - | 15.00 | - | - | 20.00 | - | - | - | - | - | 25.00 | - | - | - | - | - | 30.00 | - | - | - | - | - | - |
| Announcement Date | 19-11-06 | 20-05-14 | 20-11-06 | 21-05-14 | 21-11-05 | 21-11-05 | 22-02-08 | 22-05-13 | 22-05-13 | 22-08-05 | 22-11-08 | 22-11-08 | 23-02-07 | 23-05-12 | 23-05-12 | 23-08-03 | 23-11-07 | 23-11-07 | 24-02-06 | - | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 5,170 | 11,988 | 10,102 | 20,751 | 31,653 | 45,012 | 60,248 | 77,014 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 11,427 | 10,678 | 4,206 | 16,327 | 18,112 | 15,176 | 18,240 | 20,561 |
| ROE (net income / shareholders' equity) | 24.7% | 25% | 21.6% | 24.7% | 29.3% | 26.1% | 23.8% | 21.6% |
| ROA (Net income/ Total Assets) | 17.4% | 20.5% | 18.4% | 21.3% | 25.8% | 21.4% | 20.3% | 19% |
| Assets 1 | 52,987 | 52,561 | 58,311 | 67,368 | 81,270 | 105,328 | 121,958 | 139,970 |
| Book Value Per Share 2 | 874.0 | 1,032 | 1,164 | 1,399 | 1,774 | 2,124 | 2,538 | 2,982 |
| Cash Flow per Share 2 | 237.0 | 276.0 | 273.0 | 353.0 | 505.0 | 554.0 | 618.0 | 680.0 |
| Capex 1 | 742 | 2,972 | 3,195 | 1,722 | 2,110 | 2,833 | 2,833 | 2,833 |
| Capex / Sales | 0.87% | 3.04% | 3.53% | 1.75% | 1.83% | 2.25% | 2.07% | 1.91% |
| Announcement Date | 19-05-14 | 20-05-14 | 21-05-14 | 22-05-13 | 23-05-12 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
9,510
JPY
Average target price
12,833
JPY
Spread / Average Target
+34.95%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -6.17% | 2.71B | |
| +17.95% | 32.57B | |
| -6.31% | 2.34B | |
| -6.99% | 1.66B | |
| -17.87% | 1.19B | |
| +7.44% | 707M | |
| +1.07% | 155M | |
| -2.01% | 126M | |
| -5.81% | 50.15M |
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