SEKISUI HOUSE, LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,602 JPY | -0.99% |
|
-2.17% | +15.07% |
Valuation
| Fiscal Period: January | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,613,553 | 1,374,724 | 1,561,723 | 1,622,812 | 2,168,661 | 2,357,212 | - | - |
| Enterprise Value (EV) 1 | 1,608,025 | 1,329,644 | 1,588,449 | 1,874,448 | 2,626,308 | 3,339,840 | 3,340,402 | 3,318,247 |
| P/E ratio | 11.5 x | 11.1 x | 10.2 x | 8.86 x | 10.8 x | 11.4 x | 10.4 x | 9.62 x |
| Yield | 3.43% | 4.16% | 3.89% | 4.49% | 3.67% | 3.5% | 3.82% | 4.13% |
| Capitalization / Revenue | 0.67 x | 0.56 x | 0.6 x | 0.55 x | 0.7 x | 0.66 x | 0.59 x | 0.56 x |
| EV / Revenue | 0.67 x | 0.54 x | 0.61 x | 0.64 x | 0.85 x | 0.94 x | 0.83 x | 0.79 x |
| EV / EBITDA | 7.09 x | 6.39 x | 6.25 x | 6.5 x | 8.79 x | 10.5 x | 8.93 x | 8.38 x |
| EV / FCF | 5.54 x | 13.8 x | 367 x | 62.2 x | -37 x | -5.33 x | 23.9 x | 18.2 x |
| FCF Yield | 18.1% | 7.25% | 0.27% | 1.61% | -2.7% | -18.7% | 4.18% | 5.48% |
| Price to Book | 1.27 x | 1.04 x | 1.06 x | 0.99 x | 1.24 x | 1.26 x | 1.17 x | 1.09 x |
| Nbr of stocks (in thousands) | 683,419 | 680,894 | 674,756 | 662,102 | 647,942 | 647,942 | - | - |
| Reference price 2 | 2,361 | 2,019 | 2,314 | 2,451 | 3,347 | 3,638 | 3,638 | 3,638 |
| Announcement Date | 3/5/20 | 3/4/21 | 3/10/22 | 3/9/23 | 3/7/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: January | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,415,186 | 2,446,904 | 2,589,579 | 2,928,835 | 3,107,242 | 3,558,365 | 4,028,329 | 4,185,185 |
| EBITDA 1 | 226,774 | 208,219 | 254,229 | 288,200 | 298,701 | 318,279 | 373,933 | 395,834 |
| EBIT 1 | 205,256 | 186,519 | 230,160 | 261,489 | 270,956 | 290,382 | 339,620 | 366,810 |
| Operating Margin | 8.5% | 7.62% | 8.89% | 8.93% | 8.72% | 8.16% | 8.43% | 8.76% |
| Earnings before Tax (EBT) 1 | 211,383 | 185,494 | 234,334 | 267,710 | 288,958 | 290,838 | 321,818 | 346,838 |
| Net income 1 | 141,256 | 123,542 | 153,905 | 184,520 | 202,325 | 206,646 | 224,476 | 242,210 |
| Net margin | 5.85% | 5.05% | 5.94% | 6.3% | 6.51% | 5.81% | 5.57% | 5.79% |
| EPS 2 | 205.8 | 181.2 | 227.4 | 276.6 | 309.3 | 320.1 | 349.7 | 378.3 |
| Free Cash Flow 1 | 290,511 | 96,400 | 4,328 | 30,134 | -71,026 | -626,150 | 139,733 | 181,867 |
| FCF margin | 12.03% | 3.94% | 0.17% | 1.03% | -2.29% | -17.6% | 3.47% | 4.35% |
| FCF Conversion (EBITDA) | 128.11% | 46.3% | 1.7% | 10.46% | - | - | 37.37% | 45.95% |
| FCF Conversion (Net income) | 205.66% | 78.03% | 2.81% | 16.33% | - | - | 62.25% | 75.09% |
| Dividend per Share 2 | 81.00 | 84.00 | 90.00 | 110.0 | 123.0 | 127.5 | 138.9 | 150.3 |
| Announcement Date | 3/5/20 | 3/4/21 | 3/10/22 | 3/9/23 | 3/7/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: January | 2020 S2 | 2021 S1 | 2021 S2 | 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 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 | 2026 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,207,351 | 1,167,986 | 1,278,918 | 1,223,605 | 621,207 | 744,767 | 1,365,974 | 743,671 | 679,971 | 1,423,642 | 706,436 | 798,757 | 1,505,193 | 708,280 | 754,163 | 1,462,443 | 727,065 | 917,734 | 1,644,799 | 764,500 | 896,750 | 1,610,000 | 873,750 | 1,065,150 | 2,159,800 | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 92,215 | 92,644 | 93,875 | 109,693 | 58,532 | 61,935 | 120,467 | 87,769 | 58,659 | 146,428 | 56,071 | 58,990 | 115,061 | 55,736 | 69,182 | 124,918 | 61,770 | 84,268 | 146,038 | 62,958 | 71,102 | 132,200 | 62,682 | 90,925 | 167,200 | - |
| Operating Margin | 7.64% | 7.93% | 7.34% | 8.96% | 9.42% | 8.32% | 8.82% | 11.8% | 8.63% | 10.29% | 7.94% | 7.39% | 7.64% | 7.87% | 9.17% | 8.54% | 8.5% | 9.18% | 8.88% | 8.24% | 7.93% | 8.21% | 7.17% | 8.54% | 7.74% | - |
| Earnings before Tax (EBT) 1 | - | 89,210 | - | 111,216 | 62,366 | 60,752 | 123,118 | 83,589 | 69,619 | 153,208 | 63,176 | 51,326 | - | 61,608 | 73,504 | 135,112 | 64,527 | 89,319 | - | 59,900 | 79,500 | 127,400 | 61,500 | 84,500 | - | - |
| Net income 1 | 63,812 | 59,442 | 64,100 | 72,552 | 43,343 | 38,010 | 81,353 | 57,485 | 46,583 | 104,068 | 45,747 | 34,705 | 80,452 | 41,934 | 50,560 | 92,494 | 49,395 | 60,436 | 109,831 | 41,564 | 55,258 | 93,825 | 46,843 | 61,102 | 111,540 | - |
| Net margin | 5.29% | 5.09% | 5.01% | 5.93% | 6.98% | 5.1% | 5.96% | 7.73% | 6.85% | 7.31% | 6.48% | 4.34% | 5.34% | 5.92% | 6.7% | 6.32% | 6.79% | 6.59% | 6.68% | 5.44% | 6.16% | 5.83% | 5.36% | 5.74% | 5.16% | - |
| EPS 2 | - | 87.10 | - | 106.9 | 64.16 | 56.31 | 120.5 | 85.40 | 69.66 | 155.1 | 68.99 | 52.53 | - | 63.33 | 76.98 | 140.3 | 75.98 | 93.00 | - | 65.22 | 82.68 | 137.2 | 66.84 | 97.84 | - | - |
| Dividend per Share 2 | - | 45.00 | - | 43.00 | - | 47.00 | 47.00 | - | 52.00 | 52.00 | - | - | - | - | 59.00 | 59.00 | - | 64.00 | - | - | 62.00 | - | - | 64.00 | - | - |
| Announcement Date | 3/5/20 | 9/10/20 | 3/4/21 | 9/9/21 | 12/9/21 | 3/10/22 | 3/10/22 | 6/9/22 | 9/8/22 | 9/8/22 | 12/8/22 | 3/9/23 | 3/9/23 | 6/8/23 | 9/7/23 | 9/7/23 | 12/7/23 | 3/7/24 | 3/7/24 | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: January | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 26,726 | 251,636 | 457,647 | 982,628 | 983,190 | 961,034 |
| Net Cash position 1 | 5,528 | 45,080 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 0.1051 x | 0.8731 x | 1.532 x | 3.087 x | 2.629 x | 2.428 x |
| Free Cash Flow 1 | 290,511 | 96,400 | 4,328 | 30,134 | -71,026 | -626,150 | 139,733 | 181,867 |
| ROE (net income / shareholders' equity) | 11.5% | 9.5% | 11% | 11.9% | 11.9% | 11.4% | 11.7% | 11.8% |
| ROA (Net income/ Total Assets) | 8.48% | 7.02% | 8.48% | 8.86% | 8.44% | 7.28% | 7.48% | 7.78% |
| Assets 1 | 1,666,702 | 1,759,384 | 1,815,020 | 2,083,061 | 2,398,628 | 2,840,495 | 3,003,022 | 3,115,236 |
| Book Value Per Share 2 | 1,853 | 1,948 | 2,184 | 2,466 | 2,708 | 2,892 | 3,101 | 3,345 |
| Cash Flow per Share 2 | 237.0 | 213.0 | 263.0 | 317.0 | 352.0 | -807.0 | 456.0 | 498.0 |
| Capex 1 | 73,255 | 96,609 | 89,512 | 95,330 | 86,709 | 98,750 | 97,500 | 98,750 |
| Capex / Sales | 3.03% | 3.95% | 3.46% | 3.25% | 2.79% | 2.78% | 2.42% | 2.36% |
| Announcement Date | 3/5/20 | 3/4/21 | 3/10/22 | 3/9/23 | 3/7/24 | - | - | - |
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
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
3,638
JPY
Average target price
3,642
JPY
Spread / Average Target
+0.12%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +16.16% | 15.12B | |
| -1.32% | 49.39B | |
| +14.01% | 24.75B | |
| +0.07% | 17.55B | |
| +23.57% | 13.23B | |
| +40.33% | 7.74B | |
| +11.88% | 6.95B | |
| -1.87% | 6.39B | |
| +11.64% | 6.3B | |
| +11.19% | 6.11B |
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