TS TECH CO., LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,822 JPY | +0.22% |
|
+2.62% | +6.77% |
| May. 10 | TS TECH Co., Ltd. announces an Equity Buyback for 8,610,000 shares, representing 6.74% for ¥15,000 million. | CI |
| May. 10 | TS TECH Co., Ltd. authorizes a Buyback Plan. | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 216,573 | 173,938 | 221,420 | 183,968 | 214,088 | 232,198 | - | - |
| Enterprise Value (EV) 1 | 88,158 | 28,335 | 63,025 | 50,521 | 85,993 | 256,450 | 110,022 | 107,556 |
| P/E ratio | 8.41 x | 11.5 x | 10.8 x | 14.9 x | 40.6 x | 25.1 x | 15 x | 11 x |
| Yield | 2.64% | 3.36% | 2.73% | 3.93% | 3.75% | 4.25% | 4.27% | 4.87% |
| Capitalization / Revenue | 0.53 x | 0.48 x | 0.64 x | 0.53 x | 0.52 x | 0.58 x | 0.51 x | 0.48 x |
| EV / Revenue | 0.21 x | 0.08 x | 0.18 x | 0.14 x | 0.21 x | 0.58 x | 0.24 x | 0.22 x |
| EV / EBITDA | 1.74 x | 0.73 x | 1.65 x | 1.48 x | 3.17 x | 3.44 x | 2.94 x | 2.57 x |
| EV / FCF | 3.46 x | 0.77 x | 3.41 x | 17.9 x | 9.08 x | 10.6 x | 9.48 x | 8.31 x |
| FCF Yield | 28.9% | 129% | 29.3% | 5.59% | 11% | 9.4% | 10.6% | 12% |
| Price to Book | 0.85 x | 0.68 x | 0.8 x | 0.62 x | 0.72 x | 0.78 x | 0.74 x | 0.68 x |
| Nbr of stocks (in thousands) | 135,995 | 135,995 | 134,275 | 133,795 | 127,509 | 127,757 | - | - |
| Reference price 2 | 1,592 | 1,279 | 1,649 | 1,375 | 1,679 | 1,818 | 1,818 | 1,818 |
| Announcement Date | 4/26/19 | 5/15/20 | 4/30/21 | 5/13/22 | 5/12/23 | 5/10/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 412,072 | 359,682 | 346,149 | 349,958 | 409,200 | 441,713 | 456,667 | 483,150 |
| EBITDA 1 | 50,775 | 38,637 | 38,182 | 34,031 | 27,136 | 31,400 | 37,400 | 41,850 |
| EBIT 1 | 38,793 | 26,326 | 26,742 | 22,998 | 15,257 | 17,507 | 24,700 | 29,850 |
| Operating Margin | 9.41% | 7.32% | 7.73% | 6.57% | 3.73% | 3.96% | 5.41% | 6.18% |
| Earnings before Tax (EBT) 1 | 41,407 | 28,751 | 36,247 | 25,839 | 18,692 | 21,746 | 28,267 | 31,533 |
| Net income 1 | 25,750 | 15,064 | 20,741 | 12,416 | 5,343 | 10,214 | 15,367 | 19,825 |
| Net margin | 6.25% | 4.19% | 5.99% | 3.55% | 1.31% | 2.31% | 3.36% | 4.1% |
| EPS 2 | 189.4 | 110.8 | 152.9 | 92.56 | 41.35 | 80.09 | 121.5 | 165.8 |
| Free Cash Flow 1 | 25,485 | 36,574 | 18,465 | 2,822 | 9,475 | 24,095 | 11,611 | 12,942 |
| FCF margin | 6.18% | 10.17% | 5.33% | 0.81% | 2.32% | 5.45% | 2.54% | 2.68% |
| FCF Conversion (EBITDA) | 50.19% | 94.66% | 48.36% | 8.29% | 34.92% | 25.92% | 31.05% | 30.93% |
| FCF Conversion (Net income) | 98.97% | 242.79% | 89.03% | 22.73% | 177.33% | 235.9% | 75.56% | 65.28% |
| Dividend per Share 2 | 42.00 | 43.00 | 45.00 | 54.00 | 63.00 | 77.25 | 77.67 | 88.50 |
| Announcement Date | 4/26/19 | 5/15/20 | 4/30/21 | 5/13/22 | 5/12/23 | 5/10/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 191,791 | 167,891 | 156,457 | 189,692 | 81,068 | 171,532 | 86,504 | 91,922 | 82,045 | 114,933 | 196,978 | 105,495 | 106,727 | 212,222 | 93,190 | 109,122 | 202,312 | 127,185 | 112,216 | 115,200 | 115,600 | 117,800 | 117,400 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 17,773 | 8,553 | 9,985 | 16,757 | 4,703 | 10,706 | 4,404 | 7,888 | -228 | 5,853 | 5,625 | 4,675 | 4,957 | 9,632 | 99 | 4,978 | 5,077 | 8,963 | 3,467 | 6,300 | 6,600 | 7,700 | 7,000 |
| Operating Margin | 9.27% | 5.09% | 6.38% | 8.83% | 5.8% | 6.24% | 5.09% | 8.58% | -0.28% | 5.09% | 2.86% | 4.43% | 4.64% | 4.54% | 0.11% | 4.56% | 2.51% | 7.05% | 3.09% | 5.47% | 5.71% | 6.54% | 5.96% |
| Earnings before Tax (EBT) 1 | 19,071 | - | 11,219 | - | - | 12,190 | 5,201 | 8,448 | 909 | - | 7,460 | 5,687 | 5,545 | 11,232 | 1,500 | 5,828 | 7,328 | 10,174 | 4,244 | 7,600 | 6,800 | 8,800 | 7,100 |
| Net income 1 | 11,101 | 3,963 | 4,162 | 16,579 | 2,616 | 5,656 | 2,463 | 4,297 | -1,203 | 2,567 | 1,364 | 2,103 | 1,876 | 3,979 | 127 | 2,896 | 3,023 | 6,340 | 851 | 4,000 | 3,600 | 5,100 | 4,600 |
| Net margin | 5.79% | 2.36% | 2.66% | 8.74% | 3.23% | 3.3% | 2.85% | 4.67% | -1.47% | 2.23% | 0.69% | 1.99% | 1.76% | 1.87% | 0.14% | 2.65% | 1.49% | 4.98% | 0.76% | 3.47% | 3.11% | 4.33% | 3.92% |
| EPS | 81.63 | - | 30.60 | - | - | 42.13 | 18.34 | - | -9.150 | - | 10.45 | 16.27 | 14.63 | 30.90 | 1.000 | - | 23.71 | 49.71 | - | - | - | - | - |
| Dividend per Share | 21.50 | - | 21.50 | - | - | 26.00 | - | - | - | - | 30.00 | - | 33.00 | 33.00 | - | - | 35.00 | - | - | - | - | - | - |
| Announcement Date | 10/31/19 | 5/15/20 | 10/30/20 | 4/30/21 | 11/4/21 | 11/4/21 | 1/28/22 | 5/13/22 | 8/5/22 | 11/11/22 | 11/11/22 | 2/3/23 | 5/12/23 | 5/12/23 | 8/10/23 | 11/10/23 | 11/10/23 | 2/9/24 | 5/10/24 | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 128,415 | 145,603 | 158,395 | 133,447 | 128,095 | 124,133 | 122,176 | 124,642 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 25,485 | 36,574 | 18,465 | 2,822 | 9,475 | 24,095 | 11,611 | 12,943 |
| ROE (net income / shareholders' equity) | 10.5% | 5.9% | 7.8% | 4.3% | 1.8% | 3.3% | 5.8% | 6.72% |
| ROA (Net income/ Total Assets) | 11.7% | 8.21% | 9.9% | 3.08% | 4.49% | 5.04% | 7.2% | 7.2% |
| Assets 1 | 220,831 | 183,404 | 209,515 | 403,235 | 118,941 | 202,542 | 213,426 | 275,347 |
| Book Value Per Share 2 | 1,880 | 1,873 | 2,063 | 2,235 | 2,343 | 2,564 | 2,455 | 2,664 |
| Cash Flow per Share 2 | 277.0 | 201.0 | 237.0 | 175.0 | 133.0 | 181.0 | 208.0 | 220.0 |
| Capex 1 | 6,782 | 7,619 | 6,686 | 14,466 | 14,606 | 13,564 | 19,000 | 20,000 |
| Capex / Sales | 1.65% | 2.12% | 1.93% | 4.13% | 3.57% | 3.07% | 4.16% | 4.14% |
| Announcement Date | 4/26/19 | 5/15/20 | 4/30/21 | 5/13/22 | 5/12/23 | 5/10/24 | - | - |
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
Sell
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
1,818
JPY
Average target price
2,090
JPY
Spread / Average Target
+14.99%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +6.77% | 1.48B | |
| +19.84% | 48.59B | |
| -8.93% | 22.39B | |
| +16.56% | 19.34B | |
| +24.63% | 16.67B | |
| -2.95% | 14.76B | |
| -20.28% | 13.38B | |
| -19.38% | 13.37B | |
| +29.80% | 12.07B | |
| +39.40% | 10.94B |
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- Financials TS TECH Co., Ltd.
