Financials Shiseido Company, Limited

Equities

4911

JP3351600006

Personal Products

Market Closed - Japan Exchange 02:00:00 2024-06-13 EDT 5-day change 1st Jan Change
4,964 JPY -1.15% Intraday chart for Shiseido Company, Limited -3.57% +16.75%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,108,336 2,850,564 2,562,314 2,585,474 1,699,311 1,983,920 - -
Enterprise Value (EV) 1 3,246,101 2,999,633 2,536,903 2,763,626 1,875,607 2,178,641 2,176,116 2,137,284
P/E ratio 42.3 x -244 x 60.4 x 75.6 x 78.1 x 76.8 x 30.8 x 25.9 x
Yield 0.77% 0.56% 0.78% 1.55% 1.41% 1.19% 1.26% 1.35%
Capitalization / Revenue 2.75 x 3.1 x 2.48 x 2.42 x 1.75 x 1.9 x 1.79 x 1.71 x
EV / Revenue 2.87 x 3.26 x 2.45 x 2.59 x 1.93 x 2.08 x 1.97 x 1.85 x
EV / EBITDA 18.8 x 36.4 x 22.8 x 22.6 x 20.4 x 17.1 x 13.3 x 11.9 x
EV / FCF -57.3 x -497 x 96.9 x 509 x 35.1 x 55.6 x 30 x 26.1 x
FCF Yield -1.75% -0.2% 1.03% 0.2% 2.85% 1.8% 3.34% 3.83%
Price to Book 6.26 x 5.89 x 4.7 x 4.28 x 2.75 x 3.16 x 2.97 x 2.76 x
Nbr of stocks (in thousands) 399,426 399,463 399,488 399,548 399,650 399,661 - -
Reference price 2 7,782 7,136 6,414 6,471 4,252 5,022 5,022 5,022
Announcement Date 2/6/20 2/9/21 2/9/22 2/10/23 2/9/24 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,131,547 920,888 1,035,165 1,067,355 973,038 1,046,789 1,106,260 1,157,323
EBITDA 1 172,241 82,411 111,434 122,290 91,819 127,081 163,109 179,367
EBIT 1 113,831 14,963 41,586 46,572 28,133 47,206 92,033 106,995
Operating Margin 10.06% 1.62% 4.02% 4.36% 2.89% 4.51% 8.32% 9.25%
Earnings before Tax (EBT) 1 107,378 -2,040 73,256 50,428 31,037 39,345 91,328 108,388
Net income 1 73,562 -11,660 42,439 34,202 21,749 26,128 65,067 77,417
Net margin 6.5% -1.27% 4.1% 3.2% 2.24% 2.5% 5.88% 6.69%
EPS 2 184.2 -29.19 106.2 85.60 54.43 65.39 162.8 193.7
Free Cash Flow 1 -56,650 -6,039 26,194 5,427 53,490 39,176 72,624 81,845
FCF margin -5.01% -0.66% 2.53% 0.51% 5.5% 3.74% 6.56% 7.07%
FCF Conversion (EBITDA) - - 23.51% 4.44% 58.26% 30.83% 44.52% 45.63%
FCF Conversion (Net income) - - 61.72% 15.87% 245.94% 149.94% 111.61% 105.72%
Dividend per Share 2 60.00 40.00 50.00 100.0 60.00 60.00 63.45 67.70
Announcement Date 2/6/20 2/9/21 2/9/22 2/10/23 2/9/24 - - -
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 S1 2025 S2 2026 S1
Net sales 1 566,900 417,812 503,076 507,687 289,778 527,478 234,023 259,376 493,399 269,344 304,612 573,956 240,009 254,180 494,189 228,228 250,621 478,849 249,453 262,794 507,443 248,307 280,283 515,742 - - -
EBITDA - - - - - - 17,100 25,950 - 31,505 81,935 - 24,859 - - - - - - - - - - - - - -
EBIT 1 44,851 -3,436 18,399 23,012 15,374 18,574 4,376 12,603 16,979 18,681 10,912 29,593 10,525 3,107 13,632 12,194 2,307 14,501 -8,745 14,265 23,900 20,451 18,290 40,300 - - -
Operating Margin 7.91% -0.82% 3.66% 4.53% 5.31% 3.52% 1.87% 4.86% 3.44% 6.94% 3.58% 5.16% 4.39% 1.22% 2.76% 5.34% 0.92% 3.03% -3.51% 5.43% 4.71% 8.24% 6.53% 7.81% - - -
Earnings before Tax (EBT) 1 - -22,421 - -16,522 10,897 89,778 8,155 17,456 25,611 17,974 6,843 - 10,319 5,072 15,391 13,330 - - -3,827 19,215 15,389 13,331 4,175 17,034 - - -
Net income 21,110 -21,376 9,716 -17,278 5,717 59,717 4,399 11,847 16,246 12,800 5,156 - 8,680 3,073 11,753 8,764 - - -3,286 - - - - - - - -
Net margin 3.72% -5.12% 1.93% -3.4% 1.97% 11.32% 1.88% 4.57% 3.29% 4.75% 1.69% - 3.62% 1.21% 2.38% 3.84% - - -1.32% - - - - - - - -
EPS 2 52.85 -53.51 24.32 -43.25 14.23 - 11.01 29.66 40.67 32.03 12.90 - 21.72 7.700 29.42 21.92 - - -8.220 15.01 - 18.52 48.27 - - - -
Dividend per Share - 20.00 - 20.00 30.00 30.00 - 25.00 25.00 - 75.00 - - 30.00 30.00 - - 30.00 - - 30.00 - - 30.00 34.00 34.00 36.00
Announcement Date 2/6/20 8/6/20 2/9/21 8/5/21 2/9/22 2/9/22 5/12/22 8/10/22 8/10/22 11/10/22 2/10/23 2/10/23 5/12/23 8/8/23 8/8/23 11/10/23 2/9/24 2/9/24 5/10/24 - - - - - - - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 137,765 149,069 - 178,152 176,296 194,721 192,197 153,364
Net Cash position 1 - - 25,411 - - - - -
Leverage (Debt/EBITDA) 0.7998 x 1.809 x - 1.457 x 1.92 x 1.532 x 1.178 x 0.855 x
Free Cash Flow 1 -56,650 -6,039 26,194 5,427 53,490 39,176 72,624 81,845
ROE (net income / shareholders' equity) 15.6% -2.4% 8.2% 6% 3.6% 4.12% 10.1% 11.1%
ROA (Net income/ Total Assets) 9.76% 0.8% 3.76% 4.06% 2.42% 2.28% 5.23% 6.04%
Assets 1 753,762 -1,465,690 1,128,106 843,392 898,058 1,146,030 1,243,812 1,281,985
Book Value Per Share 2 1,243 1,212 1,364 1,512 1,548 1,590 1,693 1,818
Cash Flow per Share 2 324.0 122.0 264.0 275.0 243.0 289.0 365.0 392.0
Capex 1 132,200 79,914 96,693 66,204 55,675 59,298 59,080 59,098
Capex / Sales 11.68% 8.68% 9.34% 6.2% 5.72% 5.66% 5.34% 5.11%
Announcement Date 2/6/20 2/9/21 2/9/22 2/10/23 2/9/24 - - -
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
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
5,022 JPY
Average target price
5,294 JPY
Spread / Average Target
+5.43%
Consensus
  1. Stock Market
  2. Equities
  3. 4911 Stock
  4. Financials Shiseido Company, Limited