KFC LTD |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,537 JPY | +0.99% |
|
+1.65% | +12.60% |
| 2023 | KFC Ltd Reports Earnings Results for the Full Year Ended March 31, 2023 | CI |
| 2023 | Mixed emotions as McDonald's leaves Kazakhstan | RE |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 15,286 | 12,512 | 12,364 | 15,455 | 13,402 | 9,472 |
| Enterprise Value (EV) 1 | 14,680 | 8,988 | 8,163 | 11,674 | 10,181 | 3,984 |
| P/E ratio | 8.68 x | 8.01 x | 5.88 x | 6.7 x | 7.28 x | 9 x |
| Yield | 2.17% | 2.94% | 4.17% | 3.81% | 3.84% | 3.89% |
| Capitalization / Revenue | 0.59 x | 0.51 x | 0.43 x | 0.56 x | 0.52 x | 0.42 x |
| EV / Revenue | 0.57 x | 0.36 x | 0.29 x | 0.42 x | 0.39 x | 0.18 x |
| EV / EBITDA | 5.21 x | 3.68 x | 2.57 x | 3.35 x | 3.79 x | 2.66 x |
| EV / FCF | -45.4 x | 2.35 x | 13.7 x | 92 x | 21.2 x | 1.37 x |
| FCF Yield | -2.2% | 42.6% | 7.33% | 1.09% | 4.71% | 72.8% |
| Price to Book | 1.16 x | 0.88 x | 0.78 x | 0.85 x | 0.7 x | 0.48 x |
| Nbr of stocks (in thousands) | 7,360 | 7,360 | 7,360 | 7,360 | 7,360 | 7,360 |
| Reference price 2 | 2,077 | 1,700 | 1,680 | 2,100 | 1,821 | 1,287 |
| Announcement Date | 6/25/18 | 6/24/19 | 6/22/20 | 6/21/21 | 6/20/22 | 6/26/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 25,716 | 24,674 | 28,459 | 27,798 | 25,957 | 22,627 |
| EBITDA 1 | 2,818 | 2,443 | 3,171 | 3,480 | 2,683 | 1,500 |
| EBIT 1 | 2,611 | 2,238 | 2,984 | 3,297 | 2,489 | 1,278 |
| Operating Margin | 10.15% | 9.07% | 10.49% | 11.86% | 9.59% | 5.65% |
| Earnings before Tax (EBT) 1 | 2,619 | 2,316 | 3,053 | 3,392 | 2,586 | 1,526 |
| Net income 1 | 1,762 | 1,562 | 2,103 | 2,306 | 1,840 | 1,052 |
| Net margin | 6.85% | 6.33% | 7.39% | 8.3% | 7.09% | 4.65% |
| EPS 2 | 239.4 | 212.2 | 285.7 | 313.3 | 250.0 | 142.9 |
| Free Cash Flow 1 | -323.6 | 3,825 | 598 | 126.9 | 479.5 | 2,900 |
| FCF margin | -1.26% | 15.5% | 2.1% | 0.46% | 1.85% | 12.82% |
| FCF Conversion (EBITDA) | - | 156.57% | 18.86% | 3.65% | 17.87% | 193.33% |
| FCF Conversion (Net income) | - | 244.88% | 28.44% | 5.5% | 26.06% | 275.67% |
| Dividend per Share 2 | 45.00 | 50.00 | 70.00 | 80.00 | 70.00 | 50.00 |
| Announcement Date | 6/25/18 | 6/24/19 | 6/22/20 | 6/21/21 | 6/20/22 | 6/26/23 |
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 | 12,329 | 11,941 | 12,733 | 7,134 | 4,718 | 10,387 | 6,491 | 4,828 | 10,855 | 7,277 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 908 | 879 | 1,085 | 782 | -77 | 58 | 816 | 77 | 282 | 553 |
| Operating Margin | 7.36% | 7.36% | 8.52% | 10.96% | -1.63% | 0.56% | 12.57% | 1.59% | 2.6% | 7.6% |
| Earnings before Tax (EBT) 1 | 929 | 923 | 1,126 | 814 | -37 | 114 | 862 | 99 | 318 | 579 |
| Net income 1 | 635 | 625 | 762 | 563 | -33 | 71 | 590 | 61 | 214 | 396 |
| Net margin | 5.15% | 5.23% | 5.98% | 7.89% | -0.7% | 0.68% | 9.09% | 1.26% | 1.97% | 5.44% |
| EPS 2 | 86.37 | 85.03 | 103.6 | 76.55 | -4.600 | 9.720 | 80.16 | 8.310 | 29.20 | 53.70 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/30/19 | 10/29/20 | 10/28/21 | 1/28/22 | 7/29/22 | 11/7/22 | 2/3/23 | 8/4/23 | 11/1/23 | 2/5/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 606 | 3,524 | 4,201 | 3,781 | 3,221 | 5,488 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | -324 | 3,825 | 598 | 127 | 480 | 2,900 |
| ROE (net income / shareholders' equity) | 13.8% | 11.4% | 14% | 13.8% | 9.87% | 5.42% |
| ROA (Net income/ Total Assets) | 7.38% | 5.91% | 7.69% | 8.04% | 5.9% | 3.05% |
| Assets 1 | 23,868 | 26,421 | 27,335 | 28,683 | 31,204 | 34,507 |
| Book Value Per Share 2 | 1,795 | 1,931 | 2,153 | 2,459 | 2,601 | 2,657 |
| Cash Flow per Share 2 | 188.0 | 434.0 | 499.0 | 432.0 | 411.0 | 433.0 |
| Capex 1 | 156 | 124 | 101 | 135 | 166 | 594 |
| Capex / Sales | 0.61% | 0.5% | 0.35% | 0.49% | 0.64% | 2.63% |
| Announcement Date | 6/25/18 | 6/24/19 | 6/22/20 | 6/21/21 | 6/20/22 | 6/26/23 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +12.60% | 71.71M | |
| +4.64% | 4.12B | |
| -14.26% | 961M | |
| -18.23% | 500M | |
| -7.06% | 458M | |
| -10.11% | 456M | |
| -0.36% | 273M | |
| -2.71% | 240M | |
| +15.79% | 227M | |
| -10.69% | 192M |
- Stock Market
- Equities
- 3420 Stock
- Financials KFC Ltd