Financials AIT Corporation

Equities

9381

JP3160050005

Marine Freight & Logistics

Market Closed - Japan Exchange 02:00:00 2024-05-02 am EDT 5-day change 1st Jan Change
1,767 JPY -0.90% Intraday chart for AIT Corporation +0.68% +2.38%

Valuation

Fiscal Period: February 2018 2019 2020 2021 2022 2023
Capitalization 1 21,273 20,471 19,446 23,235 31,035 35,945
Enterprise Value (EV) 1 16,839 15,472 12,822 16,282 21,081 22,271
P/E ratio 19.3 x 17.5 x 14.7 x 13.5 x 13.1 x 9.76 x
Yield 3.14% 3.36% 4.41% 3.64% 3.86% -
Capitalization / Revenue 0.85 x 0.74 x 0.43 x 0.51 x 0.52 x 0.52 x
EV / Revenue 0.67 x 0.56 x 0.28 x 0.36 x 0.35 x 0.32 x
EV / EBITDA 11 x 9.82 x 5.86 x 5.58 x 4.87 x 3.68 x
EV / FCF 29.5 x 13.4 x 14.2 x 12.7 x 5.77 x 4.89 x
FCF Yield 3.39% 7.47% 7.03% 7.91% 17.3% 20.4%
Price to Book 3.81 x 3.45 x 1.71 x 1.93 x 2.23 x 2.2 x
Nbr of stocks (in thousands) 19,114 19,114 23,801 23,494 23,494 23,494
Reference price 2 1,113 1,071 817.0 989.0 1,321 1,530
Announcement Date 5/25/18 5/22/19 5/25/20 5/26/21 5/25/22 5/24/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February 2018 2019 2020 2021 2022 2023
Net sales 1 25,114 27,783 45,003 45,797 59,931 69,463
EBITDA 1 1,534 1,576 2,187 2,919 4,326 6,056
EBIT 1 1,498 1,544 1,576 2,305 3,582 5,289
Operating Margin 5.96% 5.56% 3.5% 5.03% 5.98% 7.61%
Earnings before Tax (EBT) 1 1,587 1,702 1,954 2,546 3,669 5,608
Net income 1 1,100 1,167 1,325 1,732 2,367 3,684
Net margin 4.38% 4.2% 2.94% 3.78% 3.95% 5.3%
EPS 2 57.55 61.06 55.46 73.39 100.8 156.8
Free Cash Flow 1 570.2 1,156 900.8 1,287 3,652 4,550
FCF margin 2.27% 4.16% 2% 2.81% 6.09% 6.55%
FCF Conversion (EBITDA) 37.17% 73.35% 41.19% 44.09% 84.43% 75.14%
FCF Conversion (Net income) 51.84% 99.06% 67.98% 74.31% 154.3% 123.51%
Dividend per Share 2 35.00 36.00 36.00 36.00 51.00 -
Announcement Date 5/25/18 5/22/19 5/25/20 5/26/21 5/25/22 5/24/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: February 2020 S1 2021 S1 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3 2024 Q1 2024 S1 2024 Q3
Net sales 1 22,451 21,581 26,971 17,311 17,305 35,744 19,945 13,218 25,324 14,175
EBITDA - - - - - - - - - -
EBIT 1 762 883 1,533 1,424 1,306 2,754 1,815 1,152 2,204 1,362
Operating Margin 3.39% 4.09% 5.68% 8.23% 7.55% 7.7% 9.1% 8.72% 8.7% 9.61%
Earnings before Tax (EBT) 1 967 1,042 1,599 1,461 1,227 2,794 1,989 1,163 2,335 1,385
Net income 1 624 716 974 1,019 810 1,873 1,392 766 1,545 931
Net margin 2.78% 3.32% 3.61% 5.89% 4.68% 5.24% 6.98% 5.8% 6.1% 6.57%
EPS 2 26.10 30.23 41.48 43.39 34.49 79.76 59.25 32.62 65.77 39.65
Dividend per Share 18.00 18.00 22.00 - - 30.00 - - 40.00 -
Announcement Date 10/9/19 10/12/20 10/12/21 1/12/22 7/12/22 10/12/22 1/11/23 7/12/23 10/12/23 1/11/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: February 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 4,434 4,999 6,624 6,953 9,954 13,674
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 570 1,156 901 1,287 3,652 4,550
ROE (net income / shareholders' equity) 20.4% 20.2% 15.4% 14.7% 18.3% 24.7%
ROA (Net income/ Total Assets) 13% 12.1% 6.82% 6.82% 9.92% 13.7%
Assets 1 8,492 9,609 19,426 25,412 23,866 26,972
Book Value Per Share 2 292.0 310.0 477.0 512.0 593.0 695.0
Cash Flow per Share 2 232.0 262.0 462.0 453.0 539.0 654.0
Capex 1 15 52 147 48 7 63
Capex / Sales 0.06% 0.19% 0.33% 0.1% 0.01% 0.09%
Announcement Date 5/25/18 5/22/19 5/25/20 5/26/21 5/25/22 5/24/23
1JPY in Million2JPY
Estimates
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