Projected Income Statement: Kajima Corporation

Forecast Balance Sheet: Kajima Corporation

Forecast Balance Sheet - Kajima Corporation
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Net Debt 1 74,517 239,996 257,772 367,334 418,106 272,340 251,814 180,428
Change - 222.07% 7.41% 42.5% 13.82% -34.86% -7.54% -28.35%
Announcement Date 5/13/22 5/15/23 5/14/24 5/14/25 5/14/26 - - -
1JPY in Million
Estimates

Cash Flow Forecast: Kajima Corporation

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
CAPEX 1 49,414 60,737 41,502 66,612 50,508 57,750 55,000 55,000
Change - 22.91% -31.67% 60.5% -24.18% 14.34% -4.76% 0%
Free Cash Flow (FCF) 1 -19,199 -110,859 60,809 -35,980 64,098 244,400 164,000 198,600
Change - -477.42% 154.85% -159.17% 278.15% 281.29% -32.9% 21.1%
Announcement Date 5/13/22 5/15/23 5/14/24 5/14/25 5/14/26 - - -
1JPY in Million
Estimates

Forecast Financial Ratios: Kajima Corporation

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029

Profitability

        
EBITDA Margin (%) 7.02% 6.2% 6.13% 6.28% 8.94% 8.41% 8.95% 9.65%
EBIT Margin (%) 5.93% 5.17% 5.11% 5.22% 7.85% 7.34% 7.87% 8.49%
EBT Margin (%) 7.23% 6.99% 6.34% 6.05% 8.33% 8.72% 8.75% 9.62%
Net margin (%) 4.99% 4.67% 4.32% 4.32% 5.78% 6.3% 6.19% 6.62%
FCF margin (%) -0.92% -4.64% 2.28% -1.24% 2.09% 8.26% 5.16% 6.03%
FCF / Net Income (%) -18.48% -99.17% 52.86% -28.6% 36.15% 131.08% 83.38% 91.16%

Profitability

        
ROA 6.76% 6.14% 5.08% 4.88% 6.79% 5.02% 5.52% 6.15%
ROE 11.4% 11.2% 10.2% 10.2% 13.3% 13.02% 13.27% 13.97%

Financial Health

        
Leverage (Debt/EBITDA) 0.51x 1.62x 1.58x 2.01x 1.52x 1.09x 0.89x 0.57x
Debt / Free cash flow -3.88x -2.16x 4.24x -10.21x 6.52x 1.11x 1.54x 0.91x

Capital Intensity

        
CAPEX / Current Assets (%) 2.38% 2.54% 1.56% 2.29% 1.65% 1.95% 1.73% 1.67%
CAPEX / EBITDA (%) 33.85% 40.97% 25.38% 36.45% 18.42% 23.2% 19.33% 17.32%
CAPEX / FCF (%) -257.38% -54.79% 68.25% -185.14% 78.8% 23.63% 33.54% 27.69%

Items per share

        
Cash flow per share 1 253.3 278.4 295.4 331.8 451.5 634 485.8 564.8
Change - 9.91% 6.1% 12.35% 36.06% 40.42% -23.37% 16.25%
Dividend per Share 1 58 70 90 104 146 159.6 172.1 192.7
Change - 20.69% 28.57% 15.56% 40.38% 9.33% 7.83% 11.96%
Book Value Per Share 1 1,920 2,165 2,515 2,673 3,037 3,154 3,358 3,610
Change - 12.74% 16.16% 6.27% 13.63% 3.87% 6.46% 7.5%
EPS 1 208 228 238.8 266.5 379.8 412.1 431.5 483.2
Change - 9.61% 4.73% 11.61% 42.52% 8.51% 4.71% 11.97%
Nbr of stocks (in thousands) 493,386 486,089 481,176 470,744 465,945 459,477 459,477 459,477
Announcement Date 5/13/22 5/15/23 5/14/24 5/14/25 5/14/26 - - -
1JPY
Estimates
2027 *2028 *
P/E 11.5x 11x
PBR 1.51x 1.42x
EV / Sales 0.83x 0.77x
Yield 3.36% 3.62%

EPS & Dividend

EPS & Dividend - Kajima Corporation


Y-o-Y evolution of P/E

Valuation ratios - P/E - Kajima Corporation
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - Kajima Corporation
Trader
Investor
Global
Quality
ESG MSCI
AA
MarketScreener Ratings - Kajima Corporation
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
4,753.00JPY
Average target price
6,918.75JPY
Spread / Average Target
+45.57%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - Kajima Corporation
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