SEIKO ELECTRIC CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,565 JPY | +4.96% |
|
+8.15% | +42.01% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 10,861 | 10,785 | 26,312 | 14,580 | 11,716 | 13,407 |
| Enterprise Value (EV) 1 | 11,705 | 10,543 | 27,608 | 16,439 | 14,651 | 14,396 |
| P/E ratio | 16.8 x | 15.4 x | 25.3 x | 13.8 x | 10.8 x | 11.1 x |
| Yield | 1.78% | 2.24% | 1.15% | 2.08% | 3.11% | 3.18% |
| Capitalization / Revenue | 0.49 x | 0.44 x | 1.13 x | 0.59 x | 0.47 x | 0.5 x |
| EV / Revenue | 0.52 x | 0.43 x | 1.18 x | 0.67 x | 0.59 x | 0.53 x |
| EV / EBITDA | 9.75 x | 8.6 x | 16.6 x | 9.4 x | 7.99 x | 7.16 x |
| EV / FCF | 17 x | 7.77 x | -35.3 x | -24.8 x | -13.5 x | 6.74 x |
| FCF Yield | 5.87% | 12.9% | -2.83% | -4.04% | -7.4% | 14.8% |
| Price to Book | 1.18 x | 1.17 x | 2.59 x | 1.33 x | 1.01 x | 1.01 x |
| Nbr of stocks (in thousands) | 12,068 | 12,090 | 12,109 | 12,120 | 12,141 | 12,166 |
| Reference price 2 | 900.0 | 892.0 | 2,173 | 1,203 | 965.0 | 1,102 |
| Announcement Date | 3/27/19 | 3/27/20 | 3/30/21 | 3/29/22 | 3/29/23 | 3/27/24 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 22,342 | 24,514 | 23,383 | 24,596 | 25,007 | 27,071 |
| EBITDA 1 | 1,201 | 1,226 | 1,664 | 1,749 | 1,833 | 2,011 |
| EBIT 1 | 896 | 909 | 1,325 | 1,407 | 1,441 | 1,623 |
| Operating Margin | 4.01% | 3.71% | 5.67% | 5.72% | 5.76% | 6% |
| Earnings before Tax (EBT) 1 | 943 | 1,006 | 1,346 | 1,540 | 1,611 | 1,815 |
| Net income 1 | 616 | 700 | 1,039 | 1,056 | 1,082 | 1,202 |
| Net margin | 2.76% | 2.86% | 4.44% | 4.29% | 4.33% | 4.44% |
| EPS 2 | 53.71 | 57.94 | 85.86 | 87.16 | 89.19 | 98.88 |
| Free Cash Flow 1 | 687 | 1,357 | -781.5 | -663.9 | -1,084 | 2,134 |
| FCF margin | 3.07% | 5.53% | -3.34% | -2.7% | -4.33% | 7.88% |
| FCF Conversion (EBITDA) | 57.2% | 110.66% | - | - | - | 106.14% |
| FCF Conversion (Net income) | 111.53% | 193.82% | - | - | - | 177.58% |
| Dividend per Share 2 | 16.00 | 20.00 | 25.00 | 25.00 | 30.00 | 35.00 |
| Announcement Date | 3/27/19 | 3/27/20 | 3/30/21 | 3/29/22 | 3/29/23 | 3/27/24 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 10,661 | 11,584 | 7,945 | 13,012 | 6,686 | 6,136 | 12,822 | 5,029 | 7,156 | 12,185 | 6,695 | 12,556 | 6,047 | 7,836 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 512 | 680 | 545 | 726 | 636 | 64 | 700 | 114 | 626 | 740 | 656 | 842 | 220 | 770 |
| Operating Margin | 4.8% | 5.87% | 6.86% | 5.58% | 9.51% | 1.04% | 5.46% | 2.27% | 8.75% | 6.07% | 9.8% | 6.71% | 3.64% | 9.83% |
| Earnings before Tax (EBT) 1 | 515 | 728 | - | - | 659 | - | 818 | 144 | - | - | 649 | 948 | 243 | 997 |
| Net income 1 | 449 | 471 | - | - | 430 | - | 524 | 75 | - | - | 432 | 618 | 164 | 674 |
| Net margin | 4.21% | 4.07% | - | - | 6.43% | - | 4.09% | 1.49% | - | - | 6.45% | 4.92% | 2.71% | 8.6% |
| EPS 2 | 37.14 | 38.95 | - | - | 35.48 | - | 43.28 | 6.130 | - | - | 35.61 | 50.93 | 13.43 | 55.41 |
| Dividend per Share | 10.00 | 10.00 | - | - | - | - | 15.00 | - | - | - | - | 17.50 | - | - |
| Announcement Date | 7/31/20 | 7/30/21 | 2/9/22 | 2/9/22 | 4/22/22 | 7/29/22 | 7/29/22 | 10/26/22 | 2/1/23 | 2/1/23 | 4/26/23 | 7/26/23 | 10/25/23 | 4/26/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 844 | - | 1,296 | 1,859 | 2,935 | 989 |
| Net Cash position 1 | - | 242 | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.7027 x | - | 0.7788 x | 1.063 x | 1.601 x | 0.4918 x |
| Free Cash Flow 1 | 687 | 1,357 | -782 | -664 | -1,084 | 2,135 |
| ROE (net income / shareholders' equity) | 6.86% | 7.61% | 10.7% | 10% | 9.62% | 9.7% |
| ROA (Net income/ Total Assets) | 2.55% | 2.58% | 3.66% | 3.54% | 3.35% | 3.57% |
| Assets 1 | 24,135 | 27,090 | 28,409 | 29,841 | 32,347 | 33,659 |
| Book Value Per Share 2 | 761.0 | 762.0 | 838.0 | 903.0 | 952.0 | 1,086 |
| Cash Flow per Share 2 | 132.0 | 135.0 | 156.0 | 153.0 | 192.0 | 186.0 |
| Capex 1 | 75 | 345 | 610 | 1,672 | 476 | 926 |
| Capex / Sales | 0.34% | 1.41% | 2.61% | 6.8% | 1.9% | 3.42% |
| Announcement Date | 3/27/19 | 3/27/20 | 3/30/21 | 3/29/22 | 3/29/23 | 3/27/24 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +42.01% | 122M | |
| +26.43% | 96.15B | |
| +53.26% | 26.3B | |
| +53.66% | 18.22B | |
| +27.64% | 10.6B | |
| +8.99% | 8.1B | |
| +35.43% | 8.03B | |
| +144.04% | 6.42B | |
| +52.54% | 5.33B | |
| +139.24% | 4.55B |
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