Financials Ahjikan Co., Ltd.

Equities

2907

JP3119400004

Food Processing

Delayed Japan Exchange 07:00:00 20/05/2024 BST 5-day change 1st Jan Change
1,072 JPY +2.39% Intraday chart for Ahjikan Co., Ltd. -9.08% +6.14%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 10,123 7,611 5,008 6,667 6,355 6,325
Enterprise Value (EV) 1 15,902 13,033 9,778 10,115 10,086 9,845
P/E ratio 13.5 x 8.27 x 9.08 x 11.1 x 10 x 23.7 x
Yield 0.9% 1.2% 2.28% 1.71% 1.8% 1.81%
Capitalization / Revenue 0.24 x 0.17 x 0.11 x 0.16 x 0.14 x 0.13 x
EV / Revenue 0.37 x 0.29 x 0.22 x 0.24 x 0.22 x 0.21 x
EV / EBITDA 7.95 x 6.26 x 5.17 x 5.72 x 6.17 x 8.44 x
EV / FCF -3.7 x 49.5 x 8.25 x 6.14 x -17.4 x 42.9 x
FCF Yield -27% 2.02% 12.1% 16.3% -5.74% 2.33%
Price to Book 0.85 x 0.61 x 0.4 x 0.5 x 0.46 x 0.45 x
Nbr of stocks (in thousands) 7,611 7,611 7,611 7,611 7,611 7,611
Reference price 2 1,330 1,000 658.0 876.0 835.0 831.0
Announcement Date 28/06/18 27/06/19 26/06/20 29/06/21 29/06/22 29/06/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 42,946 44,371 44,751 42,593 45,315 47,433
EBITDA 1 2,000 2,083 1,893 1,768 1,634 1,167
EBIT 1 1,201 997 733 632 560 89
Operating Margin 2.8% 2.25% 1.64% 1.48% 1.24% 0.19%
Earnings before Tax (EBT) 1 1,172 1,366 900 931 954 470
Net income 1 749 920 551 600 635 267
Net margin 1.74% 2.07% 1.23% 1.41% 1.4% 0.56%
EPS 2 98.41 120.9 72.46 78.83 83.43 35.08
Free Cash Flow 1 -4,300 263.2 1,185 1,647 -579.4 229.2
FCF margin -10.01% 0.59% 2.65% 3.87% -1.28% 0.48%
FCF Conversion (EBITDA) - 12.64% 62.6% 93.14% - 19.64%
FCF Conversion (Net income) - 28.61% 215.06% 274.46% - 85.86%
Dividend per Share 2 12.00 12.00 15.00 15.00 15.00 15.00
Announcement Date 28/06/18 27/06/19 26/06/20 29/06/21 29/06/22 29/06/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2021 S1 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3 2024 Q1 2024 S1 2024 Q3
Net sales 1 21,958 20,238 21,667 12,232 11,201 22,912 12,591 11,822 24,249 13,450
EBITDA - - - - - - - - - -
EBIT 1 151 -20 31 376 116 245 153 140 582 735
Operating Margin 0.69% -0.1% 0.14% 3.07% 1.04% 1.07% 1.22% 1.18% 2.4% 5.46%
Earnings before Tax (EBT) 1 150 9 132 500 402 738 -40 395 968 690
Net income 1 70 -25 65 325 253 490 -43 274 657 457
Net margin 0.32% -0.12% 0.3% 2.66% 2.26% 2.14% -0.34% 2.32% 2.71% 3.4%
EPS 2 9.210 -3.370 8.570 42.72 33.32 64.42 -5.600 36.04 86.43 59.94
Dividend per Share - - - - - - - - - -
Announcement Date 08/11/19 09/11/20 09/11/21 01/02/22 01/08/22 08/11/22 01/02/23 01/08/23 10/11/23 01/02/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 5,779 5,422 4,770 3,448 3,731 3,520
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.89 x 2.603 x 2.52 x 1.95 x 2.283 x 3.016 x
Free Cash Flow 1 -4,300 263 1,185 1,647 -579 229
ROE (net income / shareholders' equity) 6.53% 7.58% 4.4% 4.64% 4.69% 1.91%
ROA (Net income/ Total Assets) 3.36% 2.51% 1.87% 1.65% 1.45% 0.22%
Assets 1 22,270 36,582 29,467 36,344 43,712 118,931
Book Value Per Share 2 1,558 1,631 1,662 1,738 1,823 1,860
Cash Flow per Share 2 192.0 191.0 251.0 242.0 241.0 277.0
Capex 1 3,603 1,409 840 381 384 522
Capex / Sales 8.39% 3.18% 1.88% 0.89% 0.85% 1.1%
Announcement Date 28/06/18 27/06/19 26/06/20 29/06/21 29/06/22 29/06/23
1JPY in Million2JPY
Estimates
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