TAIYO HOLDINGS CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,170 JPY | 0.00% |
|
+7.49% | +1.77% |
| 05-08 | Taiyo Yuden's Attributable Profit up or down 64% in Fiscal 2024 | MT |
| 05-03 | Taiyo's Attributable Profit Slumps 24% in Fiscal Year Ended March on Asset Impairment | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 105,240 | 115,739 | 170,434 | 182,485 | 139,391 | 177,284 | - | - |
| Enterprise Value (EV) 1 | 94,206 | 142,259 | 196,947 | 209,080 | 163,770 | 217,725 | 197,747 | 189,928 |
| P/E ratio | 23.9 x | 30.8 x | 18 x | 15.5 x | 12.3 x | 21.9 x | 13 x | 11.8 x |
| Yield | 3.57% | 3.2% | 2.66% | 2.14% | 3.56% | 2.36% | 2.75% | 2.91% |
| Capitalization / Revenue | 1.77 x | 1.64 x | 2.1 x | 1.86 x | 1.43 x | 1.81 x | 1.55 x | 1.44 x |
| EV / Revenue | 1.59 x | 2.01 x | 2.43 x | 2.13 x | 1.68 x | 2.08 x | 1.73 x | 1.54 x |
| EV / EBITDA | 8.22 x | 9.87 x | 9.19 x | 8.06 x | 6.9 x | 8.01 x | 6.63 x | 5.89 x |
| EV / FCF | -60.7 x | -20.9 x | 41.8 x | 29.7 x | 17.1 x | 1,405 x | 19 x | 15.1 x |
| FCF Yield | -1.65% | -4.79% | 2.39% | 3.37% | 5.85% | 0.07% | 5.27% | 6.63% |
| Price to Book | 1.47 x | 1.67 x | 2.24 x | 2.14 x | 1.5 x | 1.89 x | 1.62 x | 1.5 x |
| Nbr of stocks (in thousands) | 57,745 | 56,874 | 56,529 | 56,149 | 55,756 | 55,926 | - | - |
| Reference price 2 | 1,822 | 2,035 | 3,015 | 3,250 | 2,500 | 3,170 | 3,170 | 3,170 |
| Announcement Date | 19-05-09 | 20-05-18 | 21-04-30 | 22-04-28 | 23-05-01 | 24-05-01 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 59,389 | 70,627 | 80,991 | 97,966 | 97,338 | 104,775 | 114,233 | 123,500 |
| EBITDA 1 | 11,456 | 14,419 | 21,420 | 25,942 | 23,748 | 27,170 | 29,837 | 32,270 |
| EBIT 1 | 8,099 | 9,136 | 13,943 | 17,958 | 15,972 | 18,203 | 20,333 | 22,433 |
| Operating Margin | 13.64% | 12.94% | 17.22% | 18.33% | 16.41% | 17.37% | 17.8% | 18.16% |
| Earnings before Tax (EBT) | 6,703 | 5,261 | 13,374 | 16,959 | 15,462 | 12,102 | - | - |
| Net income 1 | 4,396 | 3,749 | 9,529 | 11,803 | 11,405 | 8,654 | 13,633 | 14,967 |
| Net margin | 7.4% | 5.31% | 11.77% | 12.05% | 11.72% | 8.26% | 11.93% | 12.12% |
| EPS 2 | 76.36 | 66.00 | 167.5 | 209.1 | 203.7 | 154.9 | 243.8 | 267.7 |
| Free Cash Flow 1 | -1,553 | -6,813 | 4,709 | 7,050 | 9,576 | 155 | 10,415 | 12,598 |
| FCF margin | -2.61% | -9.65% | 5.81% | 7.2% | 9.84% | 0.15% | 9.12% | 10.2% |
| FCF Conversion (EBITDA) | - | - | 21.98% | 27.18% | 40.32% | 0.57% | 34.91% | 39.04% |
| FCF Conversion (Net income) | - | - | 49.42% | 59.73% | 83.96% | 1.79% | 76.39% | 84.17% |
| Dividend per Share 2 | 65.10 | 65.10 | 80.10 | 69.55 | 89.00 | 80.00 | 87.33 | 92.33 |
| Announcement Date | 19-05-09 | 20-05-18 | 21-04-30 | 22-04-28 | 23-05-01 | 24-05-01 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 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 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 31,202 | 39,425 | 39,436 | 41,555 | 24,780 | 48,348 | 25,274 | 24,344 | 49,618 | 25,757 | 27,038 | 52,795 | 23,977 | 20,566 | 44,543 | 23,861 | 27,246 | 51,107 | 26,933 | 26,735 | 53,667 | 27,500 | 30,500 | 58,000 | 30,500 | 28,500 | 59,000 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 13,705 | - | - | - | - | - | - |
| EBIT 1 | 4,073 | 5,063 | 7,011 | 6,932 | 5,014 | 9,301 | 5,069 | 3,588 | 8,657 | 5,335 | 5,213 | 10,548 | 3,721 | 1,703 | 5,423 | 3,470 | 5,619 | 9,089 | 5,167 | 3,947 | 9,114 | 4,500 | 6,000 | 10,500 | 6,000 | 4,500 | 10,500 |
| Operating Margin | 13.05% | 12.84% | 17.78% | 16.68% | 20.23% | 19.24% | 20.06% | 14.74% | 17.45% | 20.71% | 19.28% | 19.98% | 15.52% | 8.28% | 12.17% | 14.54% | 20.62% | 17.78% | 19.18% | 14.76% | 16.98% | 16.36% | 19.67% | 18.1% | 19.67% | 15.79% | 17.8% |
| Earnings before Tax (EBT) | 3,928 | 1,333 | 6,982 | 6,392 | 5,055 | 9,505 | 5,132 | 2,322 | 7,454 | 5,119 | 5,084 | 10,203 | 3,707 | 1,552 | 5,259 | 3,235 | 5,416 | 8,651 | 5,120 | - | - | - | - | - | - | - | - |
| Net income | 3,137 | 612 | 4,803 | 4,726 | 3,611 | 6,717 | 3,643 | 1,443 | 5,086 | 3,619 | 3,870 | 7,489 | 2,831 | 1,085 | 3,916 | 2,561 | 3,671 | 6,232 | 3,964 | - | - | - | - | - | - | - | - |
| Net margin | 10.05% | 1.55% | 12.18% | 11.37% | 14.57% | 13.89% | 14.41% | 5.93% | 10.25% | 14.05% | 14.31% | 14.19% | 11.81% | 5.28% | 8.79% | 10.73% | 13.47% | 12.19% | 14.72% | - | - | - | - | - | - | - | - |
| EPS | 55.26 | 10.74 | 84.38 | 83.10 | - | 118.8 | 32.23 | 25.83 | 90.29 | 64.47 | 68.85 | 133.3 | 50.77 | 19.62 | 70.39 | 45.94 | 65.70 | 111.6 | 70.90 | - | - | - | - | - | - | - | - |
| Dividend per Share | 32.55 | 32.55 | 32.55 | 47.55 | - | 32.55 | - | - | 37.00 | - | - | 37.00 | - | - | 52.00 | - | - | 38.00 | - | - | - | - | - | - | - | - | - |
| Announcement Date | 19-11-01 | 20-05-18 | 20-11-06 | 21-04-30 | 21-11-05 | 21-11-05 | 22-02-08 | 22-04-28 | 22-04-28 | 22-07-27 | 22-11-07 | 22-11-07 | 23-02-10 | 23-05-01 | 23-05-01 | 23-08-01 | 23-11-06 | 23-11-06 | 24-02-02 | 24-05-01 | 24-05-01 | - | - | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 26,520 | 26,513 | 26,595 | 24,379 | 28,138 | 20,463 | 12,644 |
| Net Cash position 1 | 11,034 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 1.839 x | 1.238 x | 1.025 x | 1.027 x | 1.036 x | 0.6858 x | 0.3918 x |
| Free Cash Flow 1 | -1,553 | -6,813 | 4,709 | 7,050 | 9,576 | 155 | 10,415 | 12,598 |
| ROE (net income / shareholders' equity) | 6.2% | 5.4% | 13.1% | 14.6% | 12.8% | 9% | 13.2% | 13.6% |
| ROA (Net income/ Total Assets) | 7.38% | 7.18% | 8.6% | 9.81% | 8.21% | 8.65% | 6.3% | 6.6% |
| Assets 1 | 59,559 | 52,215 | 110,741 | 120,328 | 138,869 | 99,992 | 216,402 | 226,768 |
| Book Value Per Share 2 | 1,238 | 1,217 | 1,348 | 1,522 | 1,663 | 1,795 | 1,958 | 2,107 |
| Cash Flow per Share | 135.0 | 159.0 | 290.0 | 342.0 | 337.0 | 310.0 | - | - |
| Capex 1 | 7,460 | 20,552 | 13,124 | 11,513 | 14,070 | 19,648 | 9,700 | 9,700 |
| Capex / Sales | 12.56% | 29.1% | 16.2% | 11.75% | 14.45% | 18.75% | 8.49% | 7.85% |
| Announcement Date | 19-05-09 | 20-05-18 | 21-04-30 | 22-04-28 | 23-05-01 | 24-05-01 | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
3,170
JPY
Average target price
4,167
JPY
Spread / Average Target
+31.44%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +1.77% | 1.14B | |
| +1.61% | 49.2B | |
| +16.33% | 41.24B | |
| +18.68% | 25.89B | |
| +12.78% | 19.81B | |
| +0.85% | 17.48B | |
| -21.87% | 15.86B | |
| +2.32% | 15.35B | |
| -10.29% | 15.23B | |
| -22.30% | 13.36B |
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