SINCERE CO., LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 491 JPY | +0.20% |
|
+0.41% | -8.74% |
| 2023 | Sincere Co., LTD. agreed to acquire 51% Talos Systems Corporation for ¥371 million. | CI |
| 2023 | Sincere Co., LTD. Reports Earnings Results for the First Quarter Ended March 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,561 | 3,942 | 4,389 | 3,661 | 3,189 | 3,412 |
| Enterprise Value (EV) 1 | 3,069 | 3,349 | 3,629 | 3,308 | 3,153 | 3,517 |
| P/E ratio | 243 x | 52.3 x | 31.1 x | 44.1 x | 48.4 x | 12.1 x |
| Yield | 0.37% | 0.63% | 0.99% | 0.86% | 0.79% | 2.6% |
| Capitalization / Revenue | 0.85 x | 0.9 x | 1.05 x | 0.8 x | 0.57 x | 0.57 x |
| EV / Revenue | 0.73 x | 0.77 x | 0.87 x | 0.73 x | 0.56 x | 0.59 x |
| EV / EBITDA | 236 x | 22.2 x | 16.3 x | 27.1 x | 19.6 x | 9 x |
| EV / FCF | 13 x | 64.9 x | 12.3 x | -7.21 x | -35.1 x | -28.3 x |
| FCF Yield | 7.71% | 1.54% | 8.11% | -13.9% | -2.85% | -3.54% |
| Price to Book | 1.86 x | 2.09 x | 2.25 x | 1.8 x | 1.6 x | 1.42 x |
| Nbr of stocks (in thousands) | 6,522 | 6,208 | 6,208 | 6,268 | 6,302 | 6,343 |
| Reference price 2 | 546.0 | 635.0 | 707.0 | 584.0 | 506.0 | 538.0 |
| Announcement Date | 3/29/19 | 3/31/20 | 3/31/21 | 3/31/22 | 3/31/23 | 3/29/24 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 4,182 | 4,368 | 4,188 | 4,557 | 5,585 | 5,961 |
| EBITDA 1 | 13 | 151 | 223 | 122 | 161 | 391 |
| EBIT 1 | 4 | 142 | 201 | 111 | 150 | 377 |
| Operating Margin | 0.1% | 3.25% | 4.8% | 2.44% | 2.69% | 6.32% |
| Earnings before Tax (EBT) 1 | 17 | 152 | 215 | 119 | 112 | 445 |
| Net income 1 | 15 | 76 | 142 | 83 | 66 | 295 |
| Net margin | 0.36% | 1.74% | 3.39% | 1.82% | 1.18% | 4.95% |
| EPS 2 | 2.245 | 12.15 | 22.70 | 13.24 | 10.46 | 44.64 |
| Free Cash Flow 1 | 236.5 | 51.62 | 294.4 | -458.9 | -89.75 | -124.4 |
| FCF margin | 5.66% | 1.18% | 7.03% | -10.07% | -1.61% | -2.09% |
| FCF Conversion (EBITDA) | 1,819.23% | 34.19% | 132.01% | - | - | - |
| FCF Conversion (Net income) | 1,576.67% | 67.93% | 207.31% | - | - | - |
| Dividend per Share 2 | 2.000 | 4.000 | 7.000 | 5.000 | 4.000 | 14.00 |
| Announcement Date | 3/29/19 | 3/31/20 | 3/31/21 | 3/31/22 | 3/31/23 | 3/29/24 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2022 Q1 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 S1 | 2023 Q3 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,820 | 2,093 | 1,079 | 1,355 | 2,791 | 1,388 | 1,584 | 3,053 | 1,404 |
| EBITDA | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 14 | 57 | 46 | 37 | 107 | 48 | 93 | 176 | 105 |
| Operating Margin | 0.77% | 2.72% | 4.26% | 2.73% | 3.83% | 3.46% | 5.87% | 5.76% | 7.48% |
| Earnings before Tax (EBT) 1 | 21 | 47 | 57 | 65 | 140 | 69 | 118 | 246 | 112 |
| Net income 1 | 15 | 29 | 40 | 44 | 86 | 42 | 82 | 166 | 73 |
| Net margin | 0.82% | 1.39% | 3.71% | 3.25% | 3.08% | 3.03% | 5.18% | 5.44% | 5.2% |
| EPS 2 | 2.510 | 4.720 | 6.340 | 7.100 | 13.75 | 6.730 | 13.09 | 26.37 | 11.48 |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/14/20 | 8/13/21 | 11/12/21 | 5/13/22 | 8/12/22 | 11/14/22 | 5/15/23 | 8/14/23 | 11/13/23 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | 105 |
| Net Cash position 1 | 492 | 593 | 760 | 353 | 36 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | 0.2685 x |
| Free Cash Flow 1 | 237 | 51.6 | 294 | -459 | -89.8 | -124 |
| ROE (net income / shareholders' equity) | 0.72% | 4.09% | 7.37% | 4.14% | 3.28% | 13.2% |
| ROA (Net income/ Total Assets) | 0.09% | 3.21% | 4.35% | 2.24% | 2.73% | 5.25% |
| Assets 1 | 17,321 | 2,371 | 3,266 | 3,701 | 2,417 | 5,619 |
| Book Value Per Share 2 | 294.0 | 304.0 | 314.0 | 325.0 | 315.0 | 380.0 |
| Cash Flow per Share 2 | 160.0 | 169.0 | 184.0 | 173.0 | 180.0 | 346.0 |
| Capex 1 | 4 | 7 | 8 | 30 | 1 | 31 |
| Capex / Sales | 0.1% | 0.16% | 0.19% | 0.66% | 0.02% | 0.52% |
| Announcement Date | 3/29/19 | 3/31/20 | 3/31/21 | 3/31/22 | 3/31/23 | 3/29/24 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -8.74% | 20.12M | |
| +11.12% | 39.88B | |
| -2.77% | 18.57B | |
| -14.88% | 2.42B | |
| -11.77% | 1.5B | |
| +24.21% | 1.19B | |
| -34.38% | 778M | |
| -35.31% | 752M | |
| -8.66% | 671M | |
| +26.26% | 511M |
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