Projected Income Statement: Shimadzu Corporation

Forecast Balance Sheet: Shimadzu Corporation

Forecast Balance Sheet - Shimadzu Corporation
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Net Debt 1 -156,257 -148,004 -153,371 -131,667 -156,833 -79,249 -94,705 -121,535
Change - 5.28% -3.63% 14.15% -19.11% 49.47% -19.5% -28.33%
Announcement Date 5/10/22 5/10/23 5/10/24 5/12/25 5/12/26 - - -
1JPY in Million
Estimates

Cash Flow Forecast: Shimadzu Corporation

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
CAPEX 1 10,131 22,512 22,480 22,949 22,117 29,764 29,585 30,298
Change - 122.21% -0.14% 2.09% -3.63% 34.57% -0.6% 2.41%
Free Cash Flow (FCF) 1 57,323 25,791 14,129 28,829 38,772 -9,281 44,551 57,945
Change - -55.01% -45.22% 104.04% 34.49% -123.94% 580.02% 30.06%
Announcement Date 5/10/22 5/10/23 5/10/24 5/12/25 5/12/26 - - -
1JPY in Million
Estimates

Forecast Financial Ratios: Shimadzu Corporation

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

Profitability

        
EBITDA Margin (%) 18.69% 17.78% 17.84% 17% 16.78% 17.13% 17.79% 18.56%
EBIT Margin (%) 14.9% 14.15% 14.21% 13.3% 13.14% 13.22% 13.46% 14.43%
EBT Margin (%) 15.4% 14.69% 15.04% 13.31% 14.53% 13.56% 13.6% 14.52%
Net margin (%) 11.04% 10.79% 11.14% 9.98% 10.79% 9.91% 9.95% 10.62%
FCF margin (%) 13.39% 5.35% 2.76% 5.35% 6.91% -1.5% 6.73% 8.3%
FCF / Net Income (%) 121.22% 49.55% 24.77% 53.61% 64.09% -15.15% 67.62% 78.2%

Profitability

        
ROA 12.4% 12.02% 11.9% 10.7% 11.74% 9.85% 9.79% 10.66%
ROE 13.2% 12.9% 12.5% 10.9% 11.4% 10.64% 10.77% 11.32%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 2.37% 4.67% 4.39% 4.26% 3.94% 4.82% 4.47% 4.34%
CAPEX / EBITDA (%) 12.66% 26.26% 24.62% 25.05% 23.51% 28.11% 25.1% 23.39%
CAPEX / FCF (%) 17.67% 87.29% 159.11% 79.6% 57.04% -320.69% 66.41% 52.29%

Items per share

        
Cash flow per share 1 215.5 236.1 256.5 251.4 279.9 255.3 311.6 384.2
Change - 9.56% 8.63% -1.96% 11.33% -8.8% 22.05% 23.31%
Dividend per Share 1 48 54 60 66 69 71.25 77.93 85.63
Change - 12.5% 11.11% 10% 4.55% 3.26% 9.38% 9.88%
Book Value Per Share 1 1,294 1,437 1,670 1,724 1,956 2,082 2,229 2,400
Change - 11.1% 16.23% 3.2% 13.46% 6.43% 7.06% 7.67%
EPS 1 160.5 176.6 193.5 183.6 209.4 212.8 229.4 259.1
Change - 10.06% 9.57% -5.16% 14.08% 1.63% 7.8% 12.95%
Nbr of stocks (in thousands) 294,653 294,672 294,723 290,039 288,940 288,940 288,940 288,940
Announcement Date 5/10/22 5/10/23 5/10/24 5/12/25 5/12/26 - - -
1JPY
Estimates
2027 *2028 *
P/E 20.3x 18.9x
PBR 2.08x 1.94x
EV / Sales 1.9x 1.75x
Yield 1.65% 1.8%

EPS & Dividend

EPS & Dividend - Shimadzu Corporation


Y-o-Y evolution of P/E

Valuation ratios - P/E - Shimadzu Corporation
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - Shimadzu Corporation
Trader
Investor
Global
Quality
ESG MSCI
AA
MarketScreener Ratings - Shimadzu Corporation
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
4,341.00JPY
Average target price
5,143.33JPY
Spread / Average Target
+18.48%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - Shimadzu Corporation
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