CTS CO., LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 748 JPY | -1.32% |
|
+1.22% | +15.08% |
| May. 03 | CTS' Attributable Profit, Net Sales Up in Fiscal Year Ended March | MT |
| May. 01 | CTS Co., Ltd. Provides 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 | 26,979 | 23,388 | 36,448 | 35,641 | 32,590 | 31,700 | - | - |
| Enterprise Value (EV) 1 | 23,382 | 19,758 | 32,532 | 32,869 | 28,268 | 33,776 | 31,700 | 31,700 |
| P/E ratio | 25.3 x | 18.7 x | 25 x | 20.6 x | 18.5 x | 18.2 x | 15.2 x | 14.2 x |
| Yield | 1.77% | 2.23% | 1.64% | 2.14% | 2.86% | 2.82% | 3.01% | 3.14% |
| Capitalization / Revenue | 3.13 x | 2.55 x | 3.66 x | 3.38 x | 3.02 x | 3.05 x | 2.67 x | 2.53 x |
| EV / Revenue | 3.13 x | 2.55 x | 3.66 x | 3.38 x | 3.02 x | 3.05 x | 2.67 x | 2.53 x |
| EV / EBITDA | 11.2 x | 8.76 x | 11.9 x | 10.1 x | 8.96 x | 8.81 x | 8.11 x | 7.66 x |
| EV / FCF | 30.7 x | 29.2 x | 51.8 x | 55.4 x | 11.5 x | 16.5 x | 11.7 x | 11.3 x |
| FCF Yield | 3.26% | 3.43% | 1.93% | 1.8% | 8.7% | 6.07% | 8.55% | 8.84% |
| Price to Book | 3.73 x | 2.98 x | 4.15 x | 3.66 x | 3.08 x | 2.76 x | 2.49 x | 2.27 x |
| Nbr of stocks (in thousands) | 43,375 | 42,679 | 42,679 | 42,379 | 42,379 | 42,379 | - | - |
| Reference price 2 | 622.0 | 548.0 | 854.0 | 841.0 | 769.0 | 748.0 | 748.0 | 748.0 |
| Announcement Date | 4/26/19 | 4/30/20 | 4/30/21 | 4/28/22 | 4/28/23 | 4/30/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,613 | 9,172 | 9,968 | 10,542 | 10,797 | 11,090 | 11,875 | 12,505 |
| EBITDA 1 | 2,404 | 2,669 | 3,064 | 3,533 | 3,636 | 3,833 | 3,910 | 4,140 |
| EBIT 1 | 1,590 | 1,852 | 2,228 | 2,628 | 2,691 | 2,865 | 3,080 | 3,285 |
| Operating Margin | 18.46% | 20.19% | 22.35% | 24.93% | 24.92% | 25.83% | 25.94% | 26.27% |
| Earnings before Tax (EBT) 1 | 1,559 | 1,827 | 2,141 | 2,555 | 2,661 | 2,785 | 3,065 | 3,270 |
| Net income 1 | 1,066 | 1,248 | 1,456 | 1,731 | 1,758 | 1,858 | 2,090 | 2,225 |
| Net margin | 12.38% | 13.61% | 14.61% | 16.42% | 16.28% | 16.75% | 17.6% | 17.79% |
| EPS 2 | 24.63 | 29.24 | 34.14 | 40.80 | 41.51 | 43.86 | 49.30 | 52.50 |
| Free Cash Flow 1 | 879 | 802 | 703 | 643 | 2,836 | 2,049 | 2,711 | 2,801 |
| FCF margin | 10.21% | 8.74% | 7.05% | 6.1% | 26.27% | 18.48% | 22.83% | 22.4% |
| FCF Conversion (EBITDA) | 36.56% | 30.05% | 22.94% | 18.2% | 78% | 53.46% | 69.34% | 67.66% |
| FCF Conversion (Net income) | 82.46% | 64.26% | 48.28% | 37.15% | 161.32% | 110.28% | 129.71% | 125.89% |
| Dividend per Share 2 | 11.00 | 12.20 | 14.00 | 18.00 | 22.00 | 22.50 | 22.50 | 23.50 |
| Announcement Date | 4/26/19 | 4/30/20 | 4/30/21 | 4/28/22 | 4/28/23 | 4/30/24 | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,478 | 4,694 | 4,861 | 5,107 | 2,651 | 5,107 | 2,848 | 2,587 | 5,435 | 2,587 | 2,671 | 5,258 | 2,894 | 2,645 | 5,539 | 2,597 | 2,748 | 5,345 | 2,898 | 2,847 | 5,745 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 815 | 1,037 | 1,007 | 1,221 | 667 | 1,197 | 779 | 652 | 1,431 | 531 | 667 | 1,198 | 792 | 701 | 1,493 | 566 | 698 | 1,264 | 868 | 733 | 1,601 |
| Operating Margin | 18.2% | 22.09% | 20.72% | 23.91% | 25.16% | 23.44% | 27.35% | 25.2% | 26.33% | 20.53% | 24.97% | 22.78% | 27.37% | 26.5% | 26.95% | 21.79% | 25.4% | 23.65% | 29.95% | 25.75% | 27.87% |
| Earnings before Tax (EBT) 1 | 811 | 1,016 | 961 | 1,180 | 651 | 1,167 | 767 | 621 | 1,388 | 529 | 631 | 1,160 | 813 | 688 | 1,501 | 584 | 663 | 1,247 | 875 | 663 | 1,538 |
| Net income 1 | 551 | 697 | 647 | 809 | 441 | 788 | 521 | 422 | 943 | 354 | 423 | 777 | 517 | 464 | 981 | 388 | 445 | 833 | 591 | 434 | 1,025 |
| Net margin | 12.3% | 14.85% | 13.31% | 15.84% | 16.64% | 15.43% | 18.29% | 16.31% | 17.35% | 13.68% | 15.84% | 14.78% | 17.86% | 17.54% | 17.71% | 14.94% | 16.19% | 15.58% | 20.39% | 15.24% | 17.84% |
| EPS | 12.92 | - | 15.17 | - | - | 18.56 | 12.30 | - | - | 8.360 | - | 18.34 | 12.20 | - | - | 9.170 | - | 19.67 | 13.95 | - | - |
| Dividend per Share | 6.000 | - | 6.000 | - | - | 7.000 | - | - | - | - | - | 10.50 | - | - | - | - | - | 10.00 | - | - | - |
| Announcement Date | 10/31/19 | 4/30/20 | 10/30/20 | 4/30/21 | 10/29/21 | 10/29/21 | 1/31/22 | 4/28/22 | 4/28/22 | 7/29/22 | 10/31/22 | 10/31/22 | 1/31/23 | 4/28/23 | 4/28/23 | 7/31/23 | 10/31/23 | 10/31/23 | 1/31/24 | 4/30/24 | 4/30/24 |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | 3,597 | 3,630 | 3,916 | 2,772 | 4,322 | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 879 | 802 | 703 | 643 | 2,836 | 2,049 | 2,711 | 2,801 |
| ROE (net income / shareholders' equity) | 15.1% | 16.7% | 17.5% | 18.7% | 17.3% | 16.3% | - | - |
| ROA (Net income/ Total Assets) | 12.8% | 15.3% | 17.1% | 18.5% | 18.7% | 17.7% | - | - |
| Assets 1 | 8,325 | 8,161 | 8,500 | 9,381 | 9,398 | 10,491 | - | - |
| Book Value Per Share 2 | 167.0 | 184.0 | 206.0 | 230.0 | 250.0 | 289.0 | 300.0 | 330.0 |
| Cash Flow per Share | 43.40 | 48.40 | 53.70 | 62.10 | 63.80 | 66.70 | - | - |
| Capex 1 | 845 | 1,171 | 1,625 | 1,125 | 464 | 933 | 340 | 390 |
| Capex / Sales | 9.81% | 12.77% | 16.3% | 10.67% | 4.3% | 8.41% | 2.86% | 3.12% |
| Announcement Date | 4/26/19 | 4/30/20 | 4/30/21 | 4/28/22 | 4/28/23 | 4/30/24 | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
748
JPY
Average target price
900
JPY
Spread / Average Target
+20.32%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +15.08% | 207M | |
| +2.10% | 239M | |
| -3.11% | 160M | |
| +7.49% | 107M | |
| +11.01% | 82.24M |
- Stock Market
- Equities
- 4345 Stock
- Financials CTS Co., Ltd.