Stock 3388 MEIJI ELECTRIC INDUSTRIES CO.,LTD.
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Financials Meiji Electric Industries Co.,Ltd.

Equities

3388

JP3917600003

Electrical Components & Equipment

Market Closed - Japan Exchange
Other stock markets
 02:00:00 2024-05-14 EDT 		5-day change 1st Jan Change
1,612 JPY -1.89% Intraday chart for Meiji Electric Industries Co.,Ltd. -1.10% +15.23%
02-01 Meiji Electric Industries Co.,Ltd. Provides Dividend Guidance for the Year Ending March 31, 2024 CI
2023 Meiji Electric Industries Co.,Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024 CI

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 19,819 19,613 15,733 17,109 12,361 15,295
Enterprise Value (EV) 1 17,885 17,115 10,993 10,650 4,837 12,916
P/E ratio 9.23 x 6.22 x 5.7 x 11.3 x 6.69 x 6.98 x
Yield 3.18% 4.79% 5.25% 2.68% 4.56% 4.3%
Capitalization / Revenue 0.29 x 0.24 x 0.2 x 0.27 x 0.18 x 0.22 x
EV / Revenue 0.26 x 0.21 x 0.14 x 0.17 x 0.07 x 0.18 x
EV / EBITDA 5.96 x 3.73 x 2.67 x 5.05 x 2.16 x 4.39 x
EV / FCF -19.6 x 16 x 4.27 x 4.97 x -99.2 x -2.41 x
FCF Yield -5.1% 6.26% 23.4% 20.1% -1.01% -41.4%
Price to Book 1.03 x 0.92 x 0.69 x 0.7 x 0.48 x 0.52 x
Nbr of stocks (in thousands) 11,456 11,456 11,467 11,467 12,001 12,651
Reference price 2 1,730 1,712 1,372 1,492 1,030 1,209
Announcement Date 6/26/18 6/25/19 6/24/20 6/24/21 6/24/22 6/27/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2018 2019 2020 2021 2022 2023
Net sales 1 67,849 82,978 80,408 63,910 67,749 70,947
EBITDA 1 3,001 4,594 4,117 2,110 2,242 2,945
EBIT 1 2,815 4,411 3,916 1,894 2,009 2,725
Operating Margin 4.15% 5.32% 4.87% 2.96% 2.97% 3.84%
Earnings before Tax (EBT) 1 3,023 4,535 4,025 2,214 2,521 3,124
Net income 1 2,147 3,153 2,759 1,515 1,780 2,191
Net margin 3.16% 3.8% 3.43% 2.37% 2.63% 3.09%
EPS 2 187.4 275.2 240.7 132.1 154.0 173.2
Free Cash Flow 1 -911.8 1,072 2,573 2,144 -48.75 -5,354
FCF margin -1.34% 1.29% 3.2% 3.35% -0.07% -7.55%
FCF Conversion (EBITDA) - 23.33% 62.51% 101.6% - -
FCF Conversion (Net income) - 33.99% 93.27% 141.5% - -
Dividend per Share 2 55.00 82.00 72.00 40.00 47.00 52.00
Announcement Date 6/26/18 6/25/19 6/24/20 6/24/21 6/24/22 6/27/23
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 37,028 29,092 31,879 15,785 13,658 30,541 17,253 15,768 33,969 18,406
EBITDA - - - - - - - - - -
EBIT 1 1,739 658 891 270 71 586 591 329 1,100 693
Operating Margin 4.7% 2.26% 2.79% 1.71% 0.52% 1.92% 3.43% 2.09% 3.24% 3.77%
Earnings before Tax (EBT) 1 1,630 777 1,149 457 207 817 621 516 1,364 718
Net income 1 1,070 529 851 330 144 574 441 364 964 518
Net margin 2.89% 1.82% 2.67% 2.09% 1.05% 1.88% 2.56% 2.31% 2.84% 2.81%
EPS 2 93.38 46.22 74.18 28.67 11.46 45.37 34.86 28.77 76.17 40.88
Dividend per Share 25.00 20.00 20.00 - - 20.00 - - 20.00 -
Announcement Date 10/30/19 10/30/20 10/29/21 1/31/22 7/29/22 10/31/22 1/31/23 7/31/23 10/31/23 1/31/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,934 2,498 4,740 6,459 7,524 2,379
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -912 1,072 2,573 2,144 -48.8 -5,354
ROE (net income / shareholders' equity) 11.8% 15.5% 12.5% 6.37% 6.93% 7.77%
ROA (Net income/ Total Assets) 4.91% 6.79% 5.59% 2.74% 2.91% 3.55%
Assets 1 43,685 46,430 49,394 55,316 61,250 61,762
Book Value Per Share 2 1,679 1,868 2,002 2,125 2,145 2,306
Cash Flow per Share 2 274.0 344.0 430.0 583.0 613.0 385.0
Capex 1 140 846 120 834 710 687
Capex / Sales 0.21% 1.02% 0.15% 1.3% 1.05% 0.97%
Announcement Date 6/26/18 6/25/19 6/24/20 6/24/21 6/24/22 6/27/23
1JPY in Million2JPY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Quarterly earnings - Rate of surprise

Company calendar

Sector Electric Equipment Wholesale

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Electric Equipment Wholesale
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