TACHIBANA ELETECH CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,860 JPY | -1.07% |
|
-4.67% | +4.11% |
| 05-13 | Tachibana Eletech Co., Ltd. announces an Equity Buyback for 1,000,000 shares, representing 4.17% for ¥5,000 million. | CI |
| 05-13 | Tachibana Eletech Co., Ltd. authorizes a Buyback Plan. | CI |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 53,178 | 41,971 | 36,545 | 40,734 | 41,566 | 49,682 |
| Enterprise Value (EV) 1 | 38,962 | 28,636 | 21,047 | 23,770 | 35,290 | 44,967 |
| P/E ratio | 11.7 x | 8.55 x | 8.32 x | 11.8 x | 8.07 x | 6.34 x |
| Yield | 1.9% | 2.89% | 3.31% | 2.29% | 3.04% | 4.52% |
| Capitalization / Revenue | 0.3 x | 0.23 x | 0.21 x | 0.25 x | 0.21 x | 0.22 x |
| EV / Revenue | 0.22 x | 0.16 x | 0.12 x | 0.15 x | 0.18 x | 0.2 x |
| EV / EBITDA | 5.74 x | 4.1 x | 3.27 x | 5.28 x | 4.9 x | 4.17 x |
| EV / FCF | 11.8 x | 102 x | 5.28 x | 13.7 x | -3.92 x | -22.3 x |
| FCF Yield | 8.47% | 0.98% | 19% | 7.27% | -25.5% | -4.49% |
| Price to Book | 0.81 x | 0.62 x | 0.52 x | 0.54 x | 0.53 x | 0.59 x |
| Nbr of stocks (in thousands) | 25,239 | 25,238 | 25,238 | 25,238 | 25,238 | 24,978 |
| Reference price 2 | 2,107 | 1,663 | 1,448 | 1,614 | 1,647 | 1,989 |
| Announcement Date | 6/29/18 | 6/26/19 | 6/29/20 | 6/30/21 | 6/30/22 | 6/29/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 178,324 | 182,875 | 170,541 | 161,440 | 193,431 | 227,266 |
| EBITDA 1 | 6,792 | 6,981 | 6,443 | 4,500 | 7,201 | 10,775 |
| EBIT 1 | 6,396 | 6,596 | 6,039 | 4,045 | 6,711 | 10,317 |
| Operating Margin | 3.59% | 3.61% | 3.54% | 2.51% | 3.47% | 4.54% |
| Earnings before Tax (EBT) 1 | 6,647 | 7,316 | 6,439 | 4,786 | 7,513 | 11,058 |
| Net income 1 | 4,539 | 4,906 | 4,390 | 3,457 | 5,144 | 7,841 |
| Net margin | 2.55% | 2.68% | 2.57% | 2.14% | 2.66% | 3.45% |
| EPS 2 | 179.8 | 194.4 | 173.9 | 137.0 | 204.2 | 313.9 |
| Free Cash Flow 1 | 3,301 | 279.8 | 3,989 | 1,729 | -9,013 | -2,020 |
| FCF margin | 1.85% | 0.15% | 2.34% | 1.07% | -4.66% | -0.89% |
| FCF Conversion (EBITDA) | 48.6% | 4.01% | 61.91% | 38.42% | - | - |
| FCF Conversion (Net income) | 72.72% | 5.7% | 90.86% | 50.01% | - | - |
| Dividend per Share 2 | 40.00 | 48.00 | 48.00 | 37.00 | 50.00 | 90.00 |
| Announcement Date | 6/29/18 | 6/26/19 | 6/29/20 | 6/30/21 | 6/30/22 | 6/29/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2024 Q1 | 2024 S1 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 83,833 | 86,708 | 75,008 | 86,432 | 91,104 | 48,315 | 51,080 | 110,038 | 58,604 | 55,880 | 114,811 | 55,965 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 3,021 | 3,017 | 1,645 | 2,388 | 2,724 | 1,688 | 2,133 | 4,801 | 2,447 | 2,750 | 5,775 | 2,889 |
| Operating Margin | 3.6% | 3.48% | 2.19% | 2.76% | 2.99% | 3.49% | 4.18% | 4.36% | 4.18% | 4.92% | 5.03% | 5.16% |
| Earnings before Tax (EBT) 1 | 3,248 | 3,191 | 2,186 | - | 3,143 | 1,900 | 2,902 | 5,973 | 2,129 | 3,310 | 6,562 | 2,672 |
| Net income 1 | 2,242 | 2,148 | 1,667 | 1,790 | 2,164 | 1,325 | 2,060 | 4,132 | 1,484 | 2,247 | 4,509 | 1,961 |
| Net margin | 2.67% | 2.48% | 2.22% | 2.07% | 2.38% | 2.74% | 4.03% | 3.76% | 2.53% | 4.02% | 3.93% | 3.5% |
| EPS 2 | 88.84 | - | 66.09 | - | 85.78 | 52.48 | 82.50 | 165.4 | 59.40 | 90.55 | 183.4 | 80.88 |
| Dividend per Share | 24.00 | - | 17.00 | - | 30.00 | - | - | 40.00 | - | - | 50.00 | - |
| Announcement Date | 11/8/19 | 5/14/20 | 11/9/20 | 5/14/21 | 11/8/21 | 2/7/22 | 8/8/22 | 11/10/22 | 2/9/23 | 8/7/23 | 11/7/23 | 2/8/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 14,216 | 13,335 | 15,498 | 16,964 | 6,276 | 4,715 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 3,301 | 280 | 3,989 | 1,729 | -9,013 | -2,020 |
| ROE (net income / shareholders' equity) | 7.28% | 7.4% | 6.37% | 4.76% | 6.75% | 9.69% |
| ROA (Net income/ Total Assets) | 3.54% | 3.39% | 3.22% | 2.16% | 3.28% | 4.47% |
| Assets 1 | 128,260 | 144,605 | 136,437 | 159,787 | 156,638 | 175,599 |
| Book Value Per Share 2 | 2,586 | 2,691 | 2,772 | 2,980 | 3,092 | 3,389 |
| Cash Flow per Share 2 | 622.0 | 601.0 | 678.0 | 752.0 | 449.0 | 464.0 |
| Capex 1 | 165 | 205 | 306 | 275 | 642 | 182 |
| Capex / Sales | 0.09% | 0.11% | 0.18% | 0.17% | 0.33% | 0.08% |
| Announcement Date | 6/29/18 | 6/26/19 | 6/29/20 | 6/30/21 | 6/30/22 | 6/29/23 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +4.11% | 444M | |
| +3.34% | 9.04B | |
| +14.49% | 8.98B | |
| +29.91% | 7.7B | |
| +11.91% | 1.38B | |
| +81.82% | 799M | |
| -4.01% | 675M | |
| +77.16% | 648M | |
| -1.54% | 603M | |
| +192.84% | 552M |
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