Financials JustSystems Corporation

Equities

4686

JP3388450003

Software

Market Closed - Japan Exchange 02:00:00 2024-04-26 am EDT 5-day change 1st Jan Change
2,707 JPY +1.42% Intraday chart for JustSystems Corporation +4.96% -17.34%

Valuation

Fiscal Period: März 2018 2019 2020 2021 2022 2023
Capitalization 1 166,469 181,048 315,661 388,556 371,857 225,747
Enterprise Value (EV) 1 137,342 149,202 270,253 332,549 304,706 145,610
P/E ratio 47.3 x 29.2 x 34 x 35.5 x 30.6 x 16.8 x
Yield 0.23% 0.28% 0.2% 0.21% 0.28% 0.51%
Capitalization / Revenue 7.24 x 6.32 x 8.65 x 9.44 x 8.92 x 5.38 x
EV / Revenue 5.97 x 5.21 x 7.4 x 8.08 x 7.31 x 3.47 x
EV / EBITDA 20.9 x 15.4 x 18 x 19.7 x 16 x 6.91 x
EV / FCF 38.1 x 75.7 x 20.3 x 34.6 x 26.4 x 11.1 x
FCF Yield 2.62% 1.32% 4.92% 2.89% 3.79% 8.99%
Price to Book 4.58 x 4.3 x 6.21 x 6.36 x 5.22 x 2.7 x
Nbr of stocks (in thousands) 64,224 64,224 64,224 64,224 64,224 64,224
Reference price 2 2,592 2,819 4,915 6,050 5,790 3,515
Announcement Date 6/22/18 6/26/19 6/26/20 6/25/21 6/27/22 6/28/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2018 2019 2020 2021 2022 2023
Net sales 1 22,991 28,646 36,503 41,174 41,676 41,950
EBITDA 1 6,585 9,661 15,051 16,868 19,036 21,085
EBIT 1 5,038 7,599 13,085 15,069 17,166 19,035
Operating Margin 21.91% 26.53% 35.85% 36.6% 41.19% 45.38%
Earnings before Tax (EBT) 1 5,193 7,435 13,050 15,129 17,318 19,218
Net income 1 3,518 6,210 9,287 10,957 12,165 13,401
Net margin 15.3% 21.68% 25.44% 26.61% 29.19% 31.95%
EPS 2 54.78 96.69 144.6 170.6 189.4 208.7
Free Cash Flow 1 3,601 1,971 13,303 9,603 11,541 13,097
FCF margin 15.66% 6.88% 36.44% 23.32% 27.69% 31.22%
FCF Conversion (EBITDA) 54.68% 20.41% 88.39% 56.93% 60.63% 62.11%
FCF Conversion (Net income) 102.35% 31.75% 143.24% 87.64% 94.87% 97.73%
Dividend per Share 2 6.000 8.000 10.00 13.00 16.00 18.00
Announcement Date 6/22/18 6/26/19 6/26/20 6/25/21 6/27/22 6/28/23
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 S1 2024 Q3
Net sales 1 19,372 21,246 21,158 10,012 10,379 21,097 10,040 10,135 20,991 9,656
EBITDA - - - - - - - - - -
EBIT 1 8,512 8,945 9,919 4,031 5,043 10,335 4,618 4,454 9,509 4,223
Operating Margin 43.94% 42.1% 46.88% 40.26% 48.59% 48.99% 46% 43.95% 45.3% 43.73%
Earnings before Tax (EBT) 1 8,531 8,988 9,953 4,076 5,152 10,508 4,597 4,631 9,785 4,152
Net income 1 5,691 6,367 6,970 2,842 3,609 7,226 3,216 3,074 6,547 2,786
Net margin 29.38% 29.97% 32.94% 28.39% 34.77% 34.25% 32.03% 30.33% 31.19% 28.85%
EPS 2 88.62 99.15 108.5 44.25 56.21 112.5 50.08 47.88 101.9 43.39
Dividend per Share 5.000 5.000 8.000 - - 8.000 - - 10.00 -
Announcement Date 11/7/19 11/12/20 11/11/21 2/9/22 8/5/22 11/11/22 2/10/23 8/4/23 11/10/23 2/9/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 29,127 31,846 45,408 56,007 67,151 80,137
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 3,601 1,971 13,303 9,603 11,541 13,097
ROE (net income / shareholders' equity) 10.1% 15.8% 20% 19.6% 18.4% 17.3%
ROA (Net income/ Total Assets) 7.06% 9.77% 14.3% 13.5% 13.3% 12.8%
Assets 1 49,834 63,577 64,857 81,203 91,631 104,579
Book Value Per Share 2 566.0 656.0 791.0 951.0 1,110 1,303
Cash Flow per Share 2 234.0 349.0 660.0 872.0 968.0 1,139
Capex 1 23 62 128 27 16 4
Capex / Sales 0.1% 0.22% 0.35% 0.07% 0.04% 0.01%
Announcement Date 6/22/18 6/26/19 6/26/20 6/25/21 6/27/22 6/28/23
1JPY in Million2JPY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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