Financials Meiji Shipping Group Co., Ltd.

Equities

9115

JP3916200003

Marine Freight & Logistics

Market Closed - Japan Exchange 02:00:00 2024-06-14 EDT 5-day change 1st Jan Change
711 JPY +3.04% Intraday chart for Meiji Shipping Group Co., Ltd. -1.52% -6.82%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 14,011 11,327 11,261 16,231 29,320 21,119
Enterprise Value (EV) 1 99,939 108,411 112,421 148,405 179,385 174,733
P/E ratio 7.74 x 5.53 x 6.55 x 13 x 8.95 x 3.27 x
Yield 1.17% 1.45% 1.45% 1.01% 0.57% 0.81%
Capitalization / Revenue 0.34 x 0.27 x 0.26 x 0.4 x 0.64 x 0.36 x
EV / Revenue 2.39 x 2.54 x 2.56 x 3.7 x 3.92 x 3.01 x
EV / EBITDA 6.5 x 7.02 x 6.77 x 10 x 9.21 x 6.88 x
EV / FCF -8.35 x -11.9 x -14 x -3.92 x -9.02 x -31 x
FCF Yield -12% -8.41% -7.15% -25.5% -11.1% -3.22%
Price to Book 0.92 x 0.67 x 0.64 x 0.87 x 1.22 x 0.6 x
Nbr of stocks (in thousands) 32,737 32,737 32,737 32,924 33,508 34,008
Reference price 2 428.0 346.0 344.0 493.0 875.0 621.0
Announcement Date 6/28/18 6/27/19 6/26/20 6/29/21 6/29/22 6/29/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 41,768 42,604 43,881 40,153 45,815 58,061
EBITDA 1 15,378 15,443 16,610 14,845 19,468 25,396
EBIT 1 5,592 4,928 5,445 2,082 4,402 8,765
Operating Margin 13.39% 11.57% 12.41% 5.19% 9.61% 15.1%
Earnings before Tax (EBT) 1 4,453 4,432 4,204 2,419 7,131 13,878
Net income 1 1,810 2,049 1,719 1,246 3,277 6,439
Net margin 4.33% 4.81% 3.92% 3.1% 7.15% 11.09%
EPS 2 55.29 62.59 52.51 37.93 97.80 190.2
Free Cash Flow 1 -11,976 -9,117 -8,033 -37,862 -19,898 -5,633
FCF margin -28.67% -21.4% -18.31% -94.29% -43.43% -9.7%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 5.000 5.000 5.000 5.000 5.000 5.000
Announcement Date 6/28/18 6/27/19 6/26/20 6/29/21 6/29/22 6/29/23
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 21,090 19,267 20,329 12,131 12,016 26,340 16,801 15,502 32,313 18,096
EBITDA - - - - - - - - - -
EBIT 1 2,069 996 1,300 1,162 1,031 2,576 3,186 2,814 6,042 3,311
Operating Margin 9.81% 5.17% 6.39% 9.58% 8.58% 9.78% 18.96% 18.15% 18.7% 18.3%
Earnings before Tax (EBT) 1 1,592 981 1,262 1,229 1,465 7,891 1,680 3,213 3,723 2,418
Net income 1 668 396 619 678 965 4,025 1,402 1,357 1,888 1,231
Net margin 3.17% 2.06% 3.04% 5.59% 8.03% 15.28% 8.34% 8.75% 5.84% 6.8%
EPS 2 20.42 12.10 18.50 20.21 28.76 119.4 41.10 40.03 55.80 36.46
Dividend per Share - - - - - - - - - -
Announcement Date 10/31/19 10/30/20 10/29/21 1/28/22 7/28/22 10/28/22 1/27/23 7/27/23 10/27/23 1/31/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 85,928 97,084 101,160 132,174 150,065 153,614
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 5.588 x 6.287 x 6.09 x 8.904 x 7.708 x 6.049 x
Free Cash Flow 1 -11,976 -9,117 -8,033 -37,862 -19,898 -5,633
ROE (net income / shareholders' equity) 12.1% 10.4% 8.76% 5.82% 13.2% 20.5%
ROA (Net income/ Total Assets) 2.37% 1.92% 1.99% 0.68% 1.24% 2.14%
Assets 1 76,368 106,491 86,482 182,377 263,636 301,212
Book Value Per Share 2 466.0 515.0 539.0 569.0 715.0 1,039
Cash Flow per Share 2 573.0 503.0 598.0 630.0 706.0 811.0
Capex 1 24,020 22,801 21,474 49,943 37,768 28,392
Capex / Sales 57.51% 53.52% 48.94% 124.38% 82.44% 48.9%
Announcement Date 6/28/18 6/27/19 6/26/20 6/29/21 6/29/22 6/29/23
1JPY in Million2JPY
Estimates
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