MERCARI, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,932 JPY | +2.74% |
|
+3.43% | -26.07% |
| May. 09 | Mercari, Inc. Provides Consolidated Earnings Guidance for the Year Ending June 30, 2024 | CI |
| May. 08 | Newmo announced that it has received ¥1.8 billion in funding from a group of investors | CI |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 430,619 | 519,813 | 930,762 | 313,186 | 543,455 | 307,892 | - | - |
| Enterprise Value (EV) 1 | 352,553 | 431,253 | 830,447 | 183,131 | 454,714 | 235,283 | 170,513 | 140,376 |
| P/E ratio | -30.1 x | -22.5 x | 162 x | -41.2 x | 41.5 x | 28.5 x | 20.2 x | 14.7 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 8.33 x | 6.81 x | 8.77 x | 2.13 x | 3.16 x | 1.62 x | 1.49 x | 1.33 x |
| EV / Revenue | 6.82 x | 5.65 x | 7.83 x | 1.25 x | 2.64 x | 1.24 x | 0.83 x | 0.61 x |
| EV / EBITDA | -31.8 x | -24.4 x | 138 x | -63.2 x | 25.3 x | 13.3 x | 7 x | 4.4 x |
| EV / FCF | -78.6 x | 43.6 x | 80.8 x | -6.81 x | -12.1 x | 27.6 x | -11.4 x | 35.1 x |
| FCF Yield | -1.27% | 2.29% | 1.24% | -14.7% | -8.25% | 3.63% | -8.74% | 2.85% |
| Price to Book | 8.46 x | 14.9 x | 23.8 x | 8.53 x | 10.2 x | 4.43 x | 3.73 x | 2.92 x |
| Nbr of stocks (in thousands) | 150,671 | 156,100 | 157,756 | 160,608 | 161,791 | 163,772 | - | - |
| Reference price 2 | 2,858 | 3,330 | 5,900 | 1,950 | 3,359 | 1,880 | 1,880 | 1,880 |
| Announcement Date | 8/8/19 | 8/6/20 | 8/12/21 | 8/8/22 | 8/10/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 51,683 | 76,275 | 106,115 | 147,049 | 172,064 | 190,388 | 206,084 | 230,925 |
| EBITDA 1 | -11,084 | -17,669 | 6,029 | -2,897 | 17,956 | 17,636 | 24,348 | 31,936 |
| EBIT 1 | -12,149 | -19,308 | 5,184 | -3,715 | 17,023 | 16,763 | 23,124 | 31,481 |
| Operating Margin | -23.51% | -25.31% | 4.89% | -2.53% | 9.89% | 8.8% | 11.22% | 13.63% |
| Earnings before Tax (EBT) 1 | -12,567 | -20,519 | 11,874 | -3,997 | 16,389 | 17,139 | 23,948 | 32,471 |
| Net income 1 | -13,764 | -22,772 | 5,720 | -7,569 | 13,070 | 10,783 | 15,400 | 21,251 |
| Net margin | -26.63% | -29.86% | 5.39% | -5.15% | 7.6% | 5.66% | 7.47% | 9.2% |
| EPS 2 | -94.98 | -147.9 | 36.43 | -47.34 | 81.01 | 65.87 | 93.27 | 127.8 |
| Free Cash Flow 1 | -4,484 | 9,880 | 10,274 | -26,888 | -37,515 | 8,533 | -14,900 | 4,000 |
| FCF margin | -8.68% | 12.95% | 9.68% | -18.29% | -21.8% | 4.48% | -7.23% | 1.73% |
| FCF Conversion (EBITDA) | - | - | 170.41% | - | - | 48.38% | - | 12.53% |
| FCF Conversion (Net income) | - | - | 179.62% | - | - | 79.14% | - | 18.82% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 8/8/19 | 8/6/20 | 8/12/21 | 8/8/22 | 8/10/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: Juni | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 32,993 | 48,213 | 37,557 | 71,191 | 38,510 | 37,348 | 40,029 | 44,256 | 84,285 | 43,628 | 44,151 | 44,271 | 48,115 | 92,386 | 48,492 | 49,200 |
| EBITDA | - | - | - | - | -2,667 | 1,188 | - | - | - | 5,879 | 5,830 | - | 3,902 | - | - | - |
| EBIT 1 | -13,906 | 1,370 | -2,623 | -1,774 | -2,912 | 971 | 3,119 | 2,713 | 5,832 | 5,697 | 5,494 | 4,477 | 3,344 | 7,821 | 4,979 | 3,734 |
| Operating Margin | -42.15% | 2.84% | -6.98% | -2.49% | -7.56% | 2.6% | 7.79% | 6.13% | 6.92% | 13.06% | 12.44% | 10.11% | 6.95% | 8.47% | 10.27% | 7.59% |
| Earnings before Tax (EBT) 1 | -13,895 | 8,133 | - | -1,872 | -2,997 | - | 2,965 | - | 5,221 | 5,755 | 5,413 | 4,577 | 3,448 | 8,025 | 5,035 | 3,700 |
| Net income 1 | -14,103 | 4,111 | - | -2,728 | -4,980 | 139 | 412 | 790 | 1,202 | 3,854 | 8,014 | 2,811 | 1,739 | 4,550 | 4,203 | 2,600 |
| Net margin | -42.75% | 8.53% | - | -3.83% | -12.93% | 0.37% | 1.03% | 1.79% | 1.43% | 8.83% | 18.15% | 6.35% | 3.61% | 4.92% | 8.67% | 5.28% |
| EPS | -92.35 | 26.25 | - | -17.11 | -31.16 | - | 2.560 | 4.910 | 7.470 | 23.91 | 49.63 | 17.27 | 10.67 | 27.94 | 25.75 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/6/20 | 2/4/21 | 2/3/22 | 2/3/22 | 4/28/22 | 8/8/22 | 10/31/22 | 2/7/23 | 2/7/23 | 4/28/23 | 8/10/23 | 11/13/23 | 2/13/24 | 2/13/24 | 5/9/24 | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: Juni | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 78,066 | 88,560 | 100,315 | 130,055 | 88,741 | 72,609 | 137,379 | 167,516 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -4,484 | 9,880 | 10,274 | -26,888 | -37,515 | 8,533 | -14,900 | 4,000 |
| ROE (net income / shareholders' equity) | -26.1% | -53.1% | 15.5% | -20% | 28.9% | 18.4% | 21.4% | 23.4% |
| ROA (Net income/ Total Assets) | -8.65% | -10.7% | 2.16% | -2.51% | 4.62% | 2.98% | 3.48% | 4.31% |
| Assets 1 | 159,136 | 212,382 | 264,755 | 301,195 | 282,820 | 361,301 | 442,750 | 492,767 |
| Book Value Per Share 2 | 338.0 | 223.0 | 248.0 | 229.0 | 330.0 | 424.0 | 505.0 | 645.0 |
| Cash Flow per Share 2 | -89.50 | -138.0 | 41.80 | -42.20 | 86.80 | 63.30 | 72.70 | 111.0 |
| Capex 1 | 1,699 | 773 | 420 | 669 | 471 | 715 | 780 | 837 |
| Capex / Sales | 3.29% | 1.01% | 0.4% | 0.45% | 0.27% | 0.38% | 0.38% | 0.36% |
| Announcement Date | 8/8/19 | 8/6/20 | 8/12/21 | 8/8/22 | 8/10/23 | - | - | - |
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
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
1,880
JPY
Average target price
3,091
JPY
Spread / Average Target
+64.40%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -26.37% | 1.98B | |
| +14.23% | 215B | |
| -0.08% | 203B | |
| +51.53% | 99.28B | |
| -24.87% | 75.43B | |
| +11.22% | 52.4B | |
| +18.07% | 26.07B | |
| +29.67% | 10.98B | |
| -2.48% | 9.39B | |
| -26.50% | 4.86B |
- Stock Market
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- 4385 Stock
- Financials Mercari, Inc.
