Financials Amada Holdings Co. Ltd.

Equities

6113

JP3122800000

Industrial Machinery & Equipment

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-06-06 am EDT			5-day change	1st Jan Change
1,726 ^JPY	-1.26%		-2.38%	+17.38%

May. 16	Amada's Attributable Profit Jumps 19% in FY2024 on Higher Revenue	MT
May. 14	Amada Co., Ltd. Provides Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2025	CI

Valuation

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	395,445	288,883	429,017	376,864	430,400	576,939	-	-
Enterprise Value (EV) ¹	349,072	262,948	368,059	277,139	337,168	574,600	452,283	476,898
P/E ratio	11.9 x	12.9 x	23.1 x	13.6 x	12.6 x	14.4 x	14.2 x	12.8 x
Yield	4.2%	5.63%	2.43%	3.51%	3.88%	3.49%	3.61%	3.96%
Capitalization / Revenue	1.17 x	0.9 x	1.71 x	1.21 x	1.18 x	1.42 x	1.39 x	1.33 x
EV / Revenue	1.03 x	0.82 x	1.47 x	0.89 x	0.92 x	1.42 x	1.09 x	1.1 x
EV / EBITDA	6.05 x	5.18 x	8.39 x	4.94 x	5 x	6.51 x	6.07 x	5.76 x
EV / FCF	15.2 x	22.8 x	9.2 x	5.66 x	29 x	19.4 x	10 x	12.4 x
FCF Yield	6.56%	4.38%	10.9%	17.7%	3.45%	5.14%	9.96%	8.07%
Price to Book	0.88 x	0.69 x	0.96 x	0.79 x	0.85 x	1.08 x	1.05 x	1.03 x
Nbr of stocks (in thousands)	361,137	338,667	347,664	347,661	347,658	334,360	-	-
Reference price ²	1,095	853.0	1,234	1,084	1,238	1,726	1,726	1,726
Announcement Date	5/14/19	5/20/20	5/12/21	5/12/22	5/12/23	5/14/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	338,175	320,112	250,448	312,658	365,687	403,500	416,280	434,020
EBITDA ¹	57,675	50,762	43,851	56,147	67,490	75,360	74,500	82,800
EBIT ¹	45,316	34,682	26,705	38,538	49,867	56,507	56,367	63,080
Operating Margin	13.4%	10.83%	10.66%	12.33%	13.64%	14%	13.54%	14.53%
Earnings before Tax (EBT) ¹	47,913	33,789	28,818	40,496	49,608	58,066	57,450	62,400
Net income ¹	33,420	23,390	18,564	27,769	34,158	40,638	38,830	43,294
Net margin	9.88%	7.31%	7.41%	8.88%	9.34%	10.07%	9.33%	9.98%
EPS ²	91.82	65.91	53.40	79.88	98.25	119.0	121.7	134.4
Free Cash Flow ¹	22,909	11,511	39,997	48,944	11,626	29,547	45,045	38,469
FCF margin	6.77%	3.6%	15.97%	15.65%	3.18%	7.32%	10.82%	8.86%
FCF Conversion (EBITDA)	39.72%	22.68%	91.21%	87.17%	17.23%	22.68%	60.46%	46.46%
FCF Conversion (Net income)	68.55%	49.21%	215.45%	176.25%	34.04%	72.71%	116%	88.86%
Dividend per Share ²	46.00	48.00	30.00	38.00	48.00	60.00	62.33	68.40
Announcement Date	5/14/19	5/20/20	5/12/21	5/12/22	5/12/23	5/14/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2020 S1	2021 S1	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 Q3	2025 Q4
Net sales ¹	154,940	113,519	79,717	141,895	75,263	95,500	170,763	74,031	95,372	169,403	89,502	106,782	196,284	86,522	100,529	187,051	98,166	118,283	216,449	91,000	102,000	99,000	119,200
EBITDA	-	-	16,540	-	13,348	16,625	-	12,157	20,375	-	15,712	19,246	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	19,162	15,433	12,260	17,566	8,986	11,986	20,972	7,784	16,028	23,812	11,188	14,867	26,055	12,044	15,228	27,272	12,984	16,251	29,235	13,000	15,600	13,000	16,400
Operating Margin	12.37%	13.6%	15.38%	12.38%	11.94%	12.55%	12.28%	10.51%	16.81%	14.06%	12.5%	13.92%	13.27%	13.92%	15.15%	14.58%	13.23%	13.74%	13.51%	14.29%	15.29%	13.13%	13.76%
Earnings before Tax (EBT) ¹	19,495	17,075	12,785	18,733	9,679	12,084	-	7,995	16,331	24,326	10,020	15,262	-	13,222	15,208	28,430	12,366	17,270	-	-	-	-	-
Net income ¹	13,344	11,222	8,987	13,166	7,035	7,568	-	5,844	11,157	17,001	7,038	10,119	-	9,365	10,394	19,759	8,252	12,627	-	-	-	-	-
Net margin	8.61%	9.89%	11.27%	9.28%	9.35%	7.92%	-	7.89%	11.7%	10.04%	7.86%	9.48%	-	10.82%	10.34%	10.56%	8.41%	10.68%	-	-	-	-	-
EPS	37.42	32.28	-	37.87	20.24	-	-	16.81	-	48.90	20.25	-	-	26.95	-	57.15	24.36	-	-	-	-	-	-
Dividend per Share	24.00	15.00	-	17.00	-	-	-	-	-	22.00	-	-	-	-	-	25.00	-	-	-	-	-	-	-
Announcement Date	11/7/19	11/11/20	11/11/21	11/11/21	2/10/22	5/12/22	5/12/22	8/5/22	11/10/22	11/10/22	2/9/23	5/12/23	5/12/23	8/8/23	11/9/23	11/9/23	2/8/24	5/14/24	5/14/24	-	-	-	-

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	46,373	25,935	60,958	99,725	93,232	86,512	124,656	100,041
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	22,909	11,511	39,997	48,944	11,626	29,547	45,045	38,469
ROE (net income / shareholders' equity)	7.6%	5.4%	4.2%	6%	6.9%	7.9%	7.29%	8.1%
ROA (Net income/ Total Assets)	8.52%	6%	5.17%	6.91%	7.86%	8.74%	8.5%	7.5%
Assets ¹	392,080	389,607	359,418	401,743	434,481	464,922	456,824	576,920
Book Value Per Share ²	1,238	1,240	1,286	1,380	1,450	1,584	1,640	1,679
Cash Flow per Share	126.0	111.0	103.0	131.0	149.0	173.0	-	-
Capex ¹	17,073	33,091	17,582	15,845	25,879	18,048	16,000	25,500
Capex / Sales	5.05%	10.34%	7.02%	5.07%	7.08%	4.47%	3.84%	5.88%
Announcement Date	5/14/19	5/20/20	5/12/21	5/12/22	5/12/23	5/14/24	-	-

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 Amada Holdings Co. Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1,748 JPY

Average target price

1,990 JPY

Spread / Average Target

+13.88%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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