Financials T-Gaia Corporation

Equities

3738

JP3893700009

Computer & Electronics Retailers

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-04-26 EDT			5-day change	1st Jan Change
2,097 ^JPY	-0.14%		+2.59%	+8.65%

02-16	T-Gaia Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024	CI
02-16	T-Gaia Corporation Provides Year-End Dividend Guidance for the Fiscal Year 2024	CI

Valuation

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	102,317	114,139	106,844	91,288	93,172	117,055	-	-
Enterprise Value (EV) ¹	79,261	69,114	79,567	51,499	51,142	74,022	67,207	59,891
P/E ratio	7.39 x	9.04 x	8.19 x	8.63 x	11.7 x	17.2 x	12.6 x	11.5 x
Yield	4.08%	3.66%	3.91%	4.58%	4.49%	3.58%	3.58%	3.58%
Capitalization / Revenue	0.19 x	0.24 x	0.24 x	0.19 x	0.21 x	0.25 x	0.25 x	0.24 x
EV / Revenue	0.15 x	0.15 x	0.18 x	0.11 x	0.11 x	0.16 x	0.14 x	0.12 x
EV / EBITDA	4.46 x	4.27 x	4.71 x	3.68 x	4.79 x	6.29 x	5.13 x	4.22 x
EV / FCF	3.31 x	2.62 x	-5.95 x	3.14 x	7.94 x	21.8 x	6.22 x	5.21 x
FCF Yield	30.2%	38.1%	-16.8%	31.8%	12.6%	4.58%	16.1%	19.2%
Price to Book	2.19 x	2.07 x	1.67 x	1.3 x	1.25 x	1.52 x	1.42 x	1.32 x
Nbr of stocks (in thousands)	55,728	55,732	55,735	55,765	55,792	55,820	-	-
Reference price ²	1,836	2,048	1,917	1,637	1,670	2,097	2,097	2,097
Announcement Date	19-04-25	20-05-08	21-05-07	22-05-02	23-05-01	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	526,929	474,150	450,863	476,464	453,604	462,070	466,065	483,050
EBITDA ¹	17,770	16,195	16,908	13,980	10,685	11,775	13,095	14,200
EBIT ¹	15,382	13,726	14,050	10,567	6,994	8,100	9,450	10,500
Operating Margin	2.92%	2.89%	3.12%	2.22%	1.54%	1.75%	2.03%	2.17%
Earnings before Tax (EBT) ¹	20,450	18,866	20,007	16,122	12,034	10,683	13,900	14,620
Net income ¹	13,842	12,628	13,042	10,579	7,938	6,813	9,310	10,150
Net margin	2.63%	2.66%	2.89%	2.22%	1.75%	1.47%	2%	2.1%
EPS ²	248.4	226.6	234.0	189.7	142.3	122.1	166.8	181.9
Free Cash Flow ¹	23,962	26,356	-13,373	16,380	6,438	3,394	10,805	11,500
FCF margin	4.55%	5.56%	-2.97%	3.44%	1.42%	0.73%	2.32%	2.38%
FCF Conversion (EBITDA)	134.85%	162.74%	-	117.17%	60.25%	28.82%	82.51%	80.99%
FCF Conversion (Net income)	173.11%	208.71%	-	154.84%	81.1%	49.81%	116.06%	113.3%
Dividend per Share ²	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00
Announcement Date	19-04-25	20-05-08	21-05-07	22-05-02	23-05-01	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2020 S1	2021 S1	2022 Q2	2022 S1	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 S1	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 S1	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	244,549	182,398	109,164	220,337	119,407	136,720	108,497	104,331	212,828	115,480	125,296	96,431	106,419	202,850	126,134	135,867	97,310	108,410	127,510	145,020
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	6,965	5,612	1,699	4,898	2,304	3,365	2,271	1,361	3,632	1,027	2,335	1,039	1,535	2,574	2,478	3,024	1,800	2,200	2,700	3,300
Operating Margin	2.85%	3.08%	1.56%	2.22%	1.93%	2.46%	2.09%	1.3%	1.71%	0.89%	1.86%	1.08%	1.44%	1.27%	1.96%	2.23%	1.85%	2.03%	2.12%	2.28%
Earnings before Tax (EBT) ¹	10,371	9,385	3,338	8,222	3,468	4,432	3,577	2,620	6,197	2,214	3,623	1,845	2,635	4,480	1,910	4,406	2,750	3,150	3,700	4,520
Net income ¹	6,992	6,411	2,173	5,397	2,252	2,930	2,388	1,752	4,140	1,353	2,445	1,117	1,723	2,840	970	3,136	1,970	2,220	2,580	3,030
Net margin	2.86%	3.51%	1.99%	2.45%	1.89%	2.14%	2.2%	1.68%	1.95%	1.17%	1.95%	1.16%	1.62%	1.4%	0.77%	2.31%	2.02%	2.05%	2.02%	2.09%
EPS	125.5	115.0	-	96.81	40.39	-	42.82	-	74.23	24.25	-	20.02	-	50.91	17.37	-	-	-	-	-
Dividend per Share	37.50	37.50	-	37.50	-	-	-	-	37.50	-	-	-	-	37.50	-	-	-	-	-	-
Announcement Date	19-10-30	20-11-05	21-11-01	21-11-01	22-02-02	22-05-02	22-08-01	22-11-04	22-11-04	23-02-02	23-05-01	23-08-01	23-11-01	23-11-01	24-02-02	-	-	-	-	-

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	23,056	45,025	27,277	39,789	42,030	43,033	49,848	57,164
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	23,962	26,356	-13,373	16,380	6,438	3,394	10,805	11,500
ROE (net income / shareholders' equity)	33.3%	24.8%	21.9%	15.7%	11%	10.5%	11.7%	11.8%
ROA (Net income/ Total Assets)	12.2%	10.7%	9.54%	6.47%	4.78%	2.7%	3.5%	-
Assets ¹	113,905	118,547	136,738	163,387	166,218	252,333	266,000	-
Book Value Per Share ²	839.0	988.0	1,148	1,263	1,333	1,383	1,476	1,594
Cash Flow per Share	283.0	262.0	269.0	227.0	185.0	-	-	-
Capex ¹	1,169	1,546	947	5,270	3,879	1,600	1,600	1,600
Capex / Sales	0.22%	0.33%	0.21%	1.11%	0.86%	0.35%	0.34%	0.33%
Announcement Date	19-04-25	20-05-08	21-05-07	22-05-02	23-05-01	-	-	-

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

Ratings for T-Gaia Corporation

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

2,097 JPY

Average target price

2,130 JPY

Spread / Average Target

+1.57%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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