Projected Income Statement: Sysmex Corporation

Forecast Balance Sheet: Sysmex Corporation

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Net Debt 1 -52,971 -46,869 -21,478 -24,835 -13,636 21,642 17,019 -317
Change - 11.52% 54.17% -15.63% 45.09% 258.71% -21.36% -101.86%
Announcement Date 5/12/22 5/11/23 5/9/24 5/14/25 5/14/26 - - -
1JPY in Million
Estimates

Cash Flow Forecast: Sysmex Corporation

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
CAPEX 1 32,034 42,035 50,191 49,959 50,969 51,284 50,784 51,034
Change - 31.22% 19.4% -0.46% 2.02% 0.62% -0.97% 0.49%
Free Cash Flow (FCF) 1 23,687 17,084 8,935 35,758 22,879 36,022 39,181 45,739
Change - -27.88% -47.7% 300.2% -36.02% 57.44% 8.77% 16.74%
Announcement Date 5/12/22 5/11/23 5/9/24 5/14/25 5/14/26 - - -
1JPY in Million
Estimates

Forecast Financial Ratios: Sysmex Corporation

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

Profitability

        
EBITDA Margin (%) 26.07% 25.7% 24.76% 24.89% 19.65% 20.14% 21.67% 22.64%
EBIT Margin (%) 18.53% 17.95% 16.98% 17.22% 10.37% 11.46% 13.43% 14.57%
EBT Margin (%) 17.69% 16.74% 16.16% 15.57% 9.81% 10.77% 12.82% 14.06%
Net margin (%) 12.12% 11.15% 10.76% 10.55% 7.09% 7.55% 8.75% 9.59%
FCF margin (%) 6.51% 4.16% 1.94% 7.03% 4.58% 6.64% 6.87% 7.6%
FCF / Net Income (%) 53.72% 37.31% 18% 66.63% 64.53% 87.96% 78.54% 79.23%

Profitability

        
ROA 14.12% 13.54% 12.97% 12.34% 7.15% 6.76% 7.95% 8.73%
ROE 13.5% 12.4% 12.1% 12% 7.3% 7.91% 9.6% 10.54%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - 0.2x 0.14x -
Debt / Free cash flow - - - - - 0.6x 0.43x -

Capital Intensity

        
CAPEX / Current Assets (%) 8.81% 10.24% 10.88% 9.82% 10.19% 9.45% 8.9% 8.48%
CAPEX / EBITDA (%) 33.77% 39.85% 43.92% 39.46% 51.87% 46.94% 41.09% 37.46%
CAPEX / FCF (%) 135.24% 246.05% 561.73% 139.71% 222.78% 142.37% 129.61% 111.58%

Items per share

        
Cash flow per share 1 114 123.6 136.6 148.7 131.4 145.7 164.5 177.3
Change - 8.41% 10.49% 8.85% -11.61% 10.88% 12.88% 7.8%
Dividend per Share 1 25.33 27.33 28 32 38 40.84 40.25 43.06
Change - 7.89% 2.44% 14.29% 18.75% 7.47% -1.44% 6.96%
Book Value Per Share 1 555 617.6 692.9 743.7 812.6 848.4 880.4 935.2
Change - 11.28% 12.21% 7.33% 9.26% 4.41% 3.77% 6.23%
EPS 1 70.29 72.94 79.27 86.07 56.89 66.65 81.72 94.9
Change - 3.77% 8.67% 8.58% -33.9% 17.15% 22.62% 16.13%
Nbr of stocks (in thousands) 627,615 627,735 623,403 623,596 623,180 605,205 605,205 605,205
Announcement Date 5/12/22 5/11/23 5/9/24 5/14/25 5/14/26 - - -
1JPY
Estimates
2027 *2028 *
P/E 28.8x 23.5x
PBR 2.26x 2.18x
EV / Sales 2.18x 2.07x
Yield 2.13% 2.1%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
1,918.50JPY
Average target price
1,853.57JPY
Spread / Average Target
-3.38%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. 6869 Stock
  4. Financials Sysmex Corporation