Financials Koei Tecmo Holdings Co., Ltd.

Equities

3635

JP3283460008

Internet Services

Market Closed - Japan Exchange 02:00:00 2024-05-17 am EDT 5-day change 1st Jan Change
1,412 JPY -0.21% Intraday chart for Koei Tecmo Holdings Co., Ltd. -0.60% -12.22%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 270,956 353,394 822,548 668,086 752,471 445,954 - -
Enterprise Value (EV) 1 263,774 353,167 805,315 670,812 779,207 511,647 437,892 439,785
P/E ratio 19.8 x 23 x 27.8 x 18.7 x 24.3 x 15.1 x 14.9 x 11.8 x
Yield 2.58% 2.19% 1.81% 2.69% 2.09% 3.33% 3.4% 4.21%
Capitalization / Revenue 6.95 x 8.29 x 13.6 x 9.18 x 9.6 x 6.05 x 4.59 x 4.23 x
EV / Revenue 6.77 x 8.28 x 13.3 x 9.22 x 9.94 x 6.05 x 4.51 x 4.17 x
EV / EBITDA 20.6 x 23.8 x 31 x 18.6 x 19.1 x 11.8 x 10.3 x 9.27 x
EV / FCF 32.6 x -472 x 28.6 x 28.5 x 93.9 x 14.7 x 15.7 x 13.8 x
FCF Yield 3.07% -0.21% 3.5% 3.51% 1.06% 6.8% 6.37% 7.22%
Price to Book 2.27 x 2.9 x 5 x 4.59 x 5.3 x 2.93 x 2.36 x 2.13 x
Nbr of stocks (in thousands) 330,125 329,919 331,339 332,795 315,105 315,831 - -
Reference price 2 820.8 1,071 2,482 2,008 2,388 1,412 1,412 1,412
Announcement Date 4/26/19 4/27/20 4/26/21 4/25/22 4/24/23 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 38,968 42,645 60,370 72,759 78,417 84,584 97,142 105,489
EBITDA 1 12,826 14,854 25,944 36,082 40,776 37,019 42,640 47,433
EBIT 1 12,092 14,102 24,397 34,527 39,133 28,494 29,800 43,346
Operating Margin 31.03% 33.07% 40.41% 47.45% 49.9% 33.69% 30.68% 41.09%
Earnings before Tax (EBT) 1 18,307 20,247 39,174 48,638 39,963 45,330 - 49,714
Net income 1 13,694 15,306 29,550 35,359 30,935 33,792 30,000 37,608
Net margin 35.14% 35.89% 48.95% 48.6% 39.45% 39.95% 30.88% 35.65%
EPS 2 41.54 46.48 89.34 107.3 98.20 107.1 95.00 119.8
Free Cash Flow 1 8,101 -748 28,206 23,519 8,298 34,814 27,902 31,772
FCF margin 20.79% -1.75% 46.72% 32.32% 10.58% 41.16% 28.72% 30.12%
FCF Conversion (EBITDA) 63.16% - 108.72% 65.18% 20.35% 92.31% 65.43% 66.98%
FCF Conversion (Net income) 59.16% - 95.45% 66.51% 26.82% 103.02% 93% 84.48%
Dividend per Share 2 21.15 23.46 45.00 54.00 50.00 54.00 48.00 59.44
Announcement Date 4/26/19 4/27/20 4/26/21 4/25/22 4/24/23 4/30/24 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2021 S1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Net sales 1 16,564 23,141 16,700 37,220 18,107 17,432 18,653 16,109 34,762 14,677 28,978 18,297 21,425 39,722 21,414 23,448 22,408 21,642 25,192 28,492
EBITDA - - - - - - - - - - - - - - - - - - - -
EBIT 1 3,439 8,447 6,705 16,423 10,704 7,400 11,657 6,664 18,321 4,673 16,139 7,506 6,349 13,855 6,461 8,178 6,200 5,200 8,200 10,200
Operating Margin 20.76% 36.5% 40.15% 44.12% 59.12% 42.45% 62.49% 41.37% 52.7% 31.84% 55.69% 41.02% 29.63% 34.88% 30.17% 34.88% 27.67% 24.03% 32.55% 35.8%
Earnings before Tax (EBT) 1 7,455 15,165 - 25,064 13,697 - 9,086 - 17,667 -787 23,083 14,687 8,514 23,201 10,217 11,912 - - - -
Net income 5,931 11,845 - 18,142 10,151 - 6,750 6,898 13,648 -171 17,458 10,552 - 16,795 7,488 9,509 - - - -
Net margin 35.81% 51.19% - 48.74% 56.06% - 36.19% 42.82% 39.26% -1.17% 60.25% 57.67% - 42.28% 34.97% 40.55% - - - -
EPS 18.04 35.86 - 54.60 30.50 - 21.44 - 43.33 -0.5500 - 33.46 - 53.24 23.71 - - - - -
Dividend per Share - - - - - - - - - - - - - - - - - - - -
Announcement Date 10/25/19 10/26/20 10/25/21 10/25/21 1/31/22 4/25/22 7/25/22 10/31/22 10/31/22 1/30/23 4/24/23 7/31/23 10/30/23 10/30/23 1/29/24 4/30/24 - - - -
1JPY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 2,726 26,736 - - -
Net Cash position 1 7,182 227 17,233 - - 9,875 8,062 6,169
Leverage (Debt/EBITDA) - - - 0.0756 x 0.6557 x - - -
Free Cash Flow 1 8,101 -748 28,206 23,519 8,298 34,814 27,902 31,772
ROE (net income / shareholders' equity) 11.7% 12.7% 20.6% 23.4% 22.1% 21.3% 19.3% 18.6%
ROA (Net income/ Total Assets) 14.2% - 23.2% 23.7% 18.5% 20% 17.3% 17.2%
Assets 1 96,704 - 127,250 149,026 166,965 168,694 173,240 218,296
Book Value Per Share 2 362.0 369.0 496.0 437.0 451.0 554.0 597.0 662.0
Cash Flow per Share 43.80 48.80 94.00 112.0 103.0 113.0 - -
Capex 1 243 14,238 1,520 1,300 802 1,789 1,152 1,202
Capex / Sales 0.62% 33.39% 2.52% 1.79% 1.02% 2.12% 1.19% 1.14%
Announcement Date 4/26/19 4/27/20 4/26/21 4/25/22 4/24/23 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
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
1,412 JPY
Average target price
2,053 JPY
Spread / Average Target
+45.39%
Consensus
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  4. Financials Koei Tecmo Holdings Co., Ltd.
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