BUSINESS ENGINEERING CORPORATION |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,425 JPY | -1.01% |
|
-1.44% | -16.87% |
| Feb. 22 | Business Engineering Corporation agreed to acquire an unknown stake in Aureole Information Technology Inc. | CI |
| Feb. 16 | Business Engineering's Nine-Month Profit Up 24% | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 13,447 | 13,969 | 20,522 | 23,250 | 35,999 | 41,431 | - | - |
| Enterprise Value (EV) 1 | 12,490 | 11,917 | 16,914 | 18,405 | 29,133 | 41,431 | 41,431 | 41,431 |
| P/E ratio | 16.3 x | 16.3 x | 14.9 x | 14.1 x | 15.5 x | 15.9 x | 15.3 x | 14 x |
| Yield | 1.85% | 1.9% | 2.02% | 2.17% | 2.13% | 2.2% | 2.28% | 2.51% |
| Capitalization / Revenue | 0.88 x | 0.79 x | 1.15 x | 1.31 x | 1.95 x | 2.16 x | 2.04 x | 1.93 x |
| EV / Revenue | 0.88 x | 0.79 x | 1.15 x | 1.31 x | 1.95 x | 2.16 x | 2.04 x | 1.93 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | 8,881,513 x | 10,324,440 x | - | 14,705,715 x | 13,964,080 x | - | - | - |
| FCF Yield | 0% | 0% | - | 0% | 0% | - | - | - |
| Price to Book | 3.11 x | 2.78 x | 3.22 x | 3.11 x | 3.88 x | 3.77 x | 3.25 x | 2.83 x |
| Nbr of stocks (in thousands) | 11,592 | 11,778 | 11,828 | 12,000 | 12,000 | 11,974 | - | - |
| Reference price 2 | 1,160 | 1,186 | 1,735 | 1,938 | 3,000 | 3,460 | 3,460 | 3,460 |
| Announcement Date | 5/15/19 | 5/14/20 | 6/28/21 | 5/12/22 | 5/12/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 15,253 | 17,728 | 17,855 | 17,760 | 18,506 | 19,200 | 20,300 | 21,500 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 1,208 | 1,573 | 2,032 | 2,412 | 3,246 | 3,900 | 4,050 | 4,400 |
| Operating Margin | 7.92% | 8.87% | 11.38% | 13.58% | 17.54% | 20.31% | 19.95% | 20.47% |
| Earnings before Tax (EBT) | 1,201 | 1,396 | 2,025 | 2,442 | 3,250 | - | - | - |
| Net income 1 | 804 | 853 | 1,378 | 1,643 | 2,328 | 2,600 | 2,700 | 2,950 |
| Net margin | 5.27% | 4.81% | 7.72% | 9.25% | 12.58% | 13.54% | 13.3% | 13.72% |
| EPS 2 | 71.08 | 72.58 | 116.6 | 137.5 | 194.0 | 217.0 | 225.5 | 246.6 |
| Free Cash Flow | 1,514 | 1,353 | - | 1,581 | 2,578 | - | - | - |
| FCF margin | 9.93% | 7.63% | - | 8.9% | 13.93% | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | 188.31% | 158.62% | - | 96.23% | 110.74% | - | - | - |
| Dividend per Share 2 | 21.50 | 22.50 | 35.00 | 42.00 | 64.00 | 76.00 | 79.00 | 87.00 |
| Announcement Date | 5/15/19 | 5/14/20 | 6/28/21 | 5/12/22 | 5/12/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,684 | 8,983 | 8,850 | 4,388 | 4,384 | 8,859 | 4,874 | 4,703 | 5,105 | 9,808 | 4,781 | 4,610 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 945 | 1,249 | 1,154 | 759 | 844 | 1,614 | 915 | 1,000 | 1,114 | 2,114 | 1,008 | 777 |
| Operating Margin | 10.88% | 13.9% | 13.04% | 17.3% | 19.25% | 18.22% | 18.77% | 21.26% | 21.82% | 21.55% | 21.08% | 16.85% |
| Earnings before Tax (EBT) | 951 | 1,255 | 1,160 | 757 | 852 | 1,620 | 915 | 1,011 | - | 2,126 | 1,006 | - |
| Net income 1 | 594 | 831 | 790 | 514 | 575 | 1,090 | 625 | 684 | 759 | 1,443 | 689 | 467 |
| Net margin | 6.84% | 9.25% | 8.93% | 11.71% | 13.12% | 12.3% | 12.82% | 14.54% | 14.87% | 14.71% | 14.41% | 10.13% |
| EPS | 50.62 | 70.42 | 66.30 | 42.94 | 47.99 | 90.91 | 52.09 | 57.08 | - | 120.4 | 57.55 | - |
| Dividend per Share | 9.500 | 11.00 | 17.50 | - | - | 21.00 | - | - | - | 32.00 | - | - |
| Announcement Date | 11/7/19 | 11/5/20 | 11/12/21 | 2/10/22 | 8/4/22 | 11/11/22 | 2/9/23 | 8/4/23 | 11/10/23 | 11/10/23 | 2/9/24 | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | 957 | 2,052 | 3,608 | 4,845 | 6,866 | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | 1,514 | 1,353 | - | 1,581 | 2,578 | - | - | - |
| ROE (net income / shareholders' equity) | 21.7% | 18.1% | 24.1% | 23.8% | 27.8% | - | - | - |
| ROA (Net income/ Total Assets) | 15.8% | 18.9% | 21.2% | 22.2% | 26.1% | - | - | - |
| Assets 1 | 5,077 | 4,515 | 6,488 | 7,387 | 8,918 | - | - | - |
| Book Value Per Share 2 | 373.0 | 427.0 | 538.0 | 623.0 | 774.0 | 917.0 | 1,063 | 1,223 |
| Cash Flow per Share | 144.0 | 144.0 | 177.0 | 195.0 | 252.0 | - | - | - |
| Capex | 643 | 735 | 795 | 706 | 700 | - | - | - |
| Capex / Sales | 4.22% | 4.15% | 4.45% | 3.98% | 3.78% | - | - | - |
| Announcement Date | 5/15/19 | 5/14/20 | 6/28/21 | 5/12/22 | 5/12/23 | - | - | - |
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
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -16.87% | 268M | |
| -14.89% | 189B | |
| +0.72% | 166B | |
| +0.46% | 152B | |
| +6.16% | 99.37B | |
| +6.11% | 77.36B | |
| +15.71% | 70.76B | |
| -7.93% | 70.46B | |
| -21.54% | 51.83B | |
| -6.79% | 44.34B |
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