KURARAY CO., LTD |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,902 JPY | +0.03% |
|
+5.29% | +33.43% |
| 06-05 | Japan Shares Slip as Investors Weigh US, Domestic Econ Data; SoftBank Adds 4.6% on Elliott's $2 Billion Stake Rebuild | MT |
| 06-05 | Kuraray Repurchases Shares in May | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 457,489 | 377,285 | 343,662 | 354,105 | 477,197 | 633,797 | - | - |
| Enterprise Value (EV) 1 | 588,999 | 526,432 | 495,303 | 549,934 | 624,599 | 778,956 | 736,959 | 702,846 |
| P/E ratio | -235 x | 147 x | 9.22 x | 6.57 x | 11.2 x | 12.4 x | 10.8 x | 9.43 x |
| Yield | 3.16% | 3.65% | 4% | 4.16% | 3.51% | 2.7% | 3.02% | 3.29% |
| Capitalization / Revenue | 0.79 x | 0.7 x | 0.55 x | 0.47 x | 0.61 x | 0.76 x | 0.73 x | 0.7 x |
| EV / Revenue | 1.02 x | 0.97 x | 0.79 x | 0.73 x | 0.8 x | 0.93 x | 0.85 x | 0.78 x |
| EV / EBITDA | 5.24 x | 4.93 x | 3.77 x | 3.6 x | 4.09 x | 4.6 x | 4.09 x | 3.69 x |
| EV / FCF | -329 x | 162 x | 39.2 x | -26.3 x | 10.1 x | 16.9 x | 12.9 x | 10.9 x |
| FCF Yield | -0.3% | 0.62% | 2.55% | -3.8% | 9.93% | 5.93% | 7.73% | 9.14% |
| Price to Book | 0.87 x | 0.76 x | 0.61 x | 0.55 x | 0.67 x | 0.83 x | 0.79 x | 0.74 x |
| Nbr of stocks (in thousands) | 343,718 | 343,924 | 344,006 | 334,693 | 334,757 | 333,314 | - | - |
| Reference price 2 | 1,331 | 1,097 | 999.0 | 1,058 | 1,426 | 1,902 | 1,902 | 1,902 |
| Announcement Date | 20-02-13 | 21-02-10 | 22-02-09 | 23-02-09 | 24-02-08 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 575,807 | 541,797 | 629,370 | 756,376 | 780,938 | 835,256 | 865,490 | 903,889 |
| EBITDA 1 | 112,331 | 106,800 | 131,259 | 152,595 | 152,638 | 169,225 | 180,175 | 190,514 |
| EBIT 1 | 54,173 | 44,341 | 72,256 | 87,139 | 75,475 | 86,033 | 94,820 | 106,078 |
| Operating Margin | 9.41% | 8.18% | 11.48% | 11.52% | 9.66% | 10.3% | 10.96% | 11.74% |
| Earnings before Tax (EBT) 1 | 2,893 | 9,127 | 58,697 | 77,997 | 61,273 | 73,440 | 86,740 | 98,720 |
| Net income 1 | -1,956 | 2,570 | 37,262 | 54,307 | 42,446 | 50,278 | 57,200 | 64,922 |
| Net margin | -0.34% | 0.47% | 5.92% | 7.18% | 5.44% | 6.02% | 6.61% | 7.18% |
| EPS 2 | -5.660 | 7.480 | 108.3 | 161.1 | 126.8 | 153.1 | 175.6 | 201.7 |
| Free Cash Flow 1 | -1,789 | 3,247 | 12,626 | -20,872 | 62,016 | 46,167 | 56,933 | 64,233 |
| FCF margin | -0.31% | 0.6% | 2.01% | -2.76% | 7.94% | 5.53% | 6.58% | 7.11% |
| FCF Conversion (EBITDA) | - | 3.04% | 9.62% | - | 40.63% | 27.28% | 31.6% | 33.72% |
| FCF Conversion (Net income) | - | 126.34% | 33.88% | - | 146.11% | 91.82% | 99.53% | 98.94% |
| Dividend per Share 2 | 42.00 | 40.00 | 40.00 | 44.00 | 50.00 | 51.30 | 57.45 | 62.60 |
| Announcement Date | 20-02-13 | 21-02-10 | 22-02-09 | 23-02-09 | 24-02-08 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q4 | 2021 S2 | 2022 Q1 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 288,388 | 262,006 | 279,791 | 302,296 | 170,211 | 327,074 | 167,558 | 190,482 | 358,040 | 195,110 | 203,226 | 398,336 | 184,965 | 196,033 | 380,998 | 193,376 | 206,564 | 399,940 | 192,183 | 213,329 | 408,800 | 216,625 | 226,104 | 437,400 | 209,850 | 222,500 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 26,252 | 19,611 | 24,730 | 30,398 | 17,938 | 41,858 | 22,145 | 15,944 | 38,089 | 32,757 | 16,293 | 49,050 | 21,324 | 19,646 | 40,970 | 20,732 | 13,773 | 34,505 | 28,793 | 16,084 | 42,400 | 23,100 | 20,118 | 44,350 | 26,050 | 20,800 |
| Operating Margin | 9.1% | 7.48% | 8.84% | 10.06% | 10.54% | 12.8% | 13.22% | 8.37% | 10.64% | 16.79% | 8.02% | 12.31% | 11.53% | 10.02% | 10.75% | 10.72% | 6.67% | 8.63% | 14.98% | 7.54% | 10.37% | 10.66% | 8.9% | 10.14% | 12.41% | 9.35% |
| Earnings before Tax (EBT) | - | 13,264 | - | 21,699 | - | - | 19,151 | - | 34,645 | 31,702 | - | - | 13,135 | - | 31,342 | 21,955 | - | - | 27,609 | - | - | - | - | - | - | - |
| Net income 1 | - | 9,160 | -6,590 | 11,710 | 8,660 | 25,552 | 12,701 | 11,506 | 24,207 | 22,967 | 7,133 | 30,100 | 8,152 | 13,690 | 21,842 | 14,645 | 5,959 | 20,604 | 21,614 | 5,695 | 25,900 | 13,900 | 9,933 | 24,700 | 15,300 | 13,350 |
| Net margin | - | 3.5% | -2.36% | 3.87% | 5.09% | 7.81% | 7.58% | 6.04% | 6.76% | 11.77% | 3.51% | 7.56% | 4.41% | 6.98% | 5.73% | 7.57% | 2.88% | 5.15% | 11.25% | 2.67% | 6.34% | 6.42% | 4.39% | 5.65% | 7.29% | 6% |
| EPS 2 | - | 26.64 | - | 34.04 | 25.17 | - | 37.11 | 34.21 | 71.32 | 68.32 | 21.49 | - | 24.36 | 40.90 | 65.26 | 43.74 | 17.80 | - | 64.56 | 27.70 | - | 42.93 | 20.70 | - | 47.89 | 46.01 |
| Dividend per Share 2 | - | 21.00 | - | 20.00 | - | - | - | - | 21.00 | - | - | - | - | - | 25.00 | - | 25.00 | - | - | 25.00 | - | - | 25.00 | - | - | 26.00 |
| Announcement Date | 20-02-13 | 20-08-12 | 21-02-10 | 21-08-12 | 22-02-09 | 22-02-09 | 22-05-12 | 22-08-10 | 22-08-10 | 22-11-09 | 23-02-09 | 23-02-09 | 23-05-12 | 23-08-09 | 23-08-09 | 23-11-09 | 24-02-08 | 24-02-08 | 24-05-14 | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 131,510 | 149,147 | 151,641 | 195,829 | 147,402 | 145,159 | 103,162 | 69,049 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.171 x | 1.397 x | 1.155 x | 1.283 x | 0.9657 x | 0.8578 x | 0.5726 x | 0.3624 x |
| Free Cash Flow 1 | -1,789 | 3,247 | 12,626 | -20,872 | 62,016 | 46,167 | 56,933 | 64,233 |
| ROE (net income / shareholders' equity) | -0.4% | 0.5% | 7% | 9% | 6.2% | 7.02% | 7.9% | 8.56% |
| ROA (Net income/ Total Assets) | 4.98% | 3.89% | 6.42% | 7.27% | 5.58% | 5.21% | 6.04% | 6.92% |
| Assets 1 | -39,270 | 66,052 | 580,510 | 747,011 | 761,298 | 965,952 | 947,804 | 938,861 |
| Book Value Per Share 2 | 1,528 | 1,450 | 1,628 | 1,932 | 2,134 | 2,282 | 2,411 | 2,560 |
| Cash Flow per Share 2 | 163.0 | 189.0 | 280.0 | 355.0 | 357.0 | 409.0 | 428.0 | - |
| Capex 1 | 97,366 | 76,700 | 68,408 | 72,599 | 67,282 | 75,260 | 73,860 | 73,380 |
| Capex / Sales | 16.91% | 14.16% | 10.87% | 9.6% | 8.62% | 9.01% | 8.53% | 8.12% |
| Announcement Date | 20-02-13 | 21-02-10 | 22-02-09 | 23-02-09 | 24-02-08 | - | - | - |
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
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
1,902
JPY
Average target price
2,101
JPY
Spread / Average Target
+10.49%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +33.43% | 3.97B | |
| +3.07% | 103B | |
| -11.86% | 59.25B | |
| +68.10% | 47.15B | |
| +11.66% | 37.09B | |
| +0.42% | 31.09B | |
| +4.59% | 18.82B | |
| +14.08% | 16.97B | |
| +7.06% | 13.67B | |
| -8.41% | 12.77B |
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- Financials Kuraray Co., Ltd
