Financials Valtes Holdings Co.,Ltd.

Equities

4442

JP3778480008

IT Services & Consulting

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-05-10 EDT			5-day change	1st Jan Change
492 ^JPY	+1.23%		+9.33%	-49.12%

04-01	Tranche Update on Valtes Holdings Co.,Ltd.'s Equity Buyback Plan announced on February 15, 2024.	CI
03-15	ODD No. Inc. announced that it has received ¥1.95 billion in funding from Valtes Holdings Co.,Ltd.	CI

Valuation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	6,531	12,762	11,815	22,298	9,950	-	-
Enterprise Value (EV) ¹	5,648	11,794	10,654	20,931	9,080	8,400	7,570
P/E ratio	28.5 x	51.7 x	29 x	34.2 x	20.2 x	13.3 x	11 x
Yield	-	-	-	-	0.81%	-	-
Capitalization / Revenue	1.34 x	2.43 x	1.76 x	2.46 x	0.96 x	0.84 x	0.74 x
EV / Revenue	1.16 x	2.24 x	1.59 x	2.31 x	0.87 x	0.71 x	0.56 x
EV / EBITDA	-	-	-	-	-	-	-
EV / FCF	36.2 x	71.9 x	22.6 x	101 x	13.1 x	12.6 x	9.01 x
FCF Yield	2.76%	1.39%	4.43%	0.99%	7.65%	7.92%	11.1%
Price to Book	5.25 x	8.54 x	6.9 x	9.3 x	3.06 x	2.44 x	2 x
Nbr of stocks (in thousands)	20,713	20,762	20,323	20,395	20,224	-	-
Reference price ²	315.3	614.7	581.3	1,093	492.0	492.0	492.0
Announcement Date	20-05-15	21-05-14	22-05-13	23-05-12	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,279	4,875	5,262	6,707	9,059	10,400	11,800	13,400
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	188	321	344	570	970	820	1,150	1,400
Operating Margin	5.73%	6.58%	6.54%	8.5%	10.71%	7.88%	9.75%	10.45%
Earnings before Tax (EBT)	187	317	347	580	981	-	-	-
Net income ¹	147	224	246	413	651	500	750	900
Net margin	4.48%	4.59%	4.68%	6.16%	7.19%	4.81%	6.36%	6.72%
EPS ²	8.360	11.08	11.88	20.06	31.94	24.40	37.00	44.80
Free Cash Flow ¹	192	156	164	472	207.3	695	665	840
FCF margin	5.86%	3.2%	3.12%	7.04%	2.29%	6.68%	5.64%	6.27%
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	130.61%	69.64%	66.67%	114.29%	31.84%	139%	88.67%	93.33%
Dividend per Share ²	-	-	-	-	-	4.000	-	-
Announcement Date	19-05-13	20-05-15	21-05-14	22-05-13	23-05-12	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2020 S1	2020 S2	2021 S1	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
Net sales ¹	2,290	2,585	2,413	3,005	1,782	1,920	1,952	2,217	4,169	2,379	2,511	2,466	2,599	5,065	2,604	2,730
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	92	229	136	47	215	308	200	278	478	343	149	84	249	333	200	286
Operating Margin	4.02%	8.86%	5.64%	1.56%	12.07%	16.04%	10.25%	12.54%	11.47%	14.42%	5.93%	3.41%	9.58%	6.57%	7.68%	10.48%
Earnings before Tax (EBT)	90	-	138	48	218	-	203	-	482	348	-	87	-	306	197	-
Net income ¹	61	163	87	37	145	231	130	180	310	259	82	55	145	200	110	189
Net margin	2.66%	6.31%	3.61%	1.23%	8.14%	12.03%	6.66%	8.12%	7.44%	10.89%	3.27%	2.23%	5.58%	3.95%	4.22%	6.92%
EPS	3.110	-	4.200	1.787	7.003	-	6.427	-	15.28	12.66	-	2.707	-	9.770	5.400	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	19-11-11	20-05-15	20-11-12	21-11-12	22-02-14	22-05-13	22-08-10	22-11-14	22-11-14	23-02-14	23-05-12	23-08-09	23-11-14	23-11-14	24-02-14	-

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	115	883	968	1,161	1,367	870	1,550	2,380
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	192	156	164	472	207	695	665	840
ROE (net income / shareholders' equity)	43.4%	27%	18%	25.8%	31.6%	-	-	-
ROA (Net income/ Total Assets)	-	19.8%	15%	21.2%	28%	-	-	-
Assets ¹	-	1,129	1,641	1,948	2,327	-	-	-
Book Value Per Share ²	23.40	60.10	72.00	84.30	118.0	161.0	201.0	246.0
Cash Flow per Share	9.490	12.50	13.90	22.50	35.50	-	-	-
Capex ¹	56	90	127	33	137	70	70	70
Capex / Sales	1.71%	1.85%	2.41%	0.49%	1.51%	0.67%	0.59%	0.52%
Announcement Date	19-05-13	20-05-15	21-05-14	22-05-13	23-05-12	-	-	-

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 Valtes Holdings Co.,Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

492 JPY

Average target price

900 JPY

Spread / Average Target

+82.93%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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