Financials Canare Electric Co., Ltd.

Equities

5819

JP3215300009

Electrical Components & Equipment

Market Closed - Japan Exchange 07:00:00 31/05/2024 BST 5-day change 1st Jan Change
1,570 JPY +1.29% Intraday chart for Canare Electric Co., Ltd. +1.09% +2.61%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 11,407 12,439 11,832 11,548 9,591 10,404
Enterprise Value (EV) 1 3,074 4,085 2,526 1,766 -115.9 134
P/E ratio 11.1 x 16.8 x 17.4 x 17 x 11 x 8.73 x
Yield 2.84% 2.6% 1.31% 1.75% 2.46% 4.05%
Capitalization / Revenue 1 x 1.09 x 1.22 x 1.15 x 0.86 x 0.81 x
EV / Revenue 0.27 x 0.36 x 0.26 x 0.18 x -0.01 x 0.01 x
EV / EBITDA 1.96 x 2.94 x 2.25 x 1.54 x -0.08 x 0.07 x
EV / FCF 6.27 x 5.35 x 2.45 x 6.33 x 0.47 x 0.26 x
FCF Yield 16% 18.7% 40.8% 15.8% 215% 391%
Price to Book 0.87 x 0.92 x 0.85 x 0.78 x 0.61 x 0.61 x
Nbr of stocks (in thousands) 6,750 6,750 6,750 6,750 6,750 6,800
Reference price 2 1,690 1,843 1,753 1,711 1,421 1,530
Announcement Date 22/03/19 23/03/20 22/03/21 22/03/22 20/03/23 25/03/24
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 11,371 11,429 9,697 10,034 11,167 12,872
EBITDA 1 1,567 1,390 1,124 1,149 1,382 1,913
EBIT 1 1,463 1,163 916 1,011 1,178 1,668
Operating Margin 12.87% 10.18% 9.45% 10.08% 10.55% 12.96%
Earnings before Tax (EBT) 1 1,479 1,109 984 1,069 1,259 1,747
Net income 1 1,028 739 679 681 868 1,188
Net margin 9.04% 6.47% 7% 6.79% 7.77% 9.23%
EPS 2 152.3 109.5 100.6 100.9 128.6 175.2
Free Cash Flow 1 490.4 763.6 1,031 279.2 -249 524
FCF margin 4.31% 6.68% 10.63% 2.78% -2.23% 4.07%
FCF Conversion (EBITDA) 31.29% 54.94% 91.75% 24.3% - 27.39%
FCF Conversion (Net income) 47.7% 103.33% 151.88% 41.01% - 44.11%
Dividend per Share 2 48.00 48.00 23.00 30.00 35.00 62.00
Announcement Date 22/03/19 23/03/20 22/03/21 22/03/22 20/03/23 25/03/24
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2022 Q1 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3 2024 Q1
Net sales 1 4,761 4,758 2,707 5,302 2,829 3,105 5,885 3,155 3,172
EBITDA - - - - - - - - -
EBIT 1 401 434 245 443 297 478 663 456 394
Operating Margin 8.42% 9.12% 9.05% 8.36% 10.5% 15.39% 11.27% 14.45% 12.42%
Earnings before Tax (EBT) 1 424 468 261 498 309 484 719 451 513
Net income 1 298 314 168 316 221 359 518 330 342
Net margin 6.26% 6.6% 6.21% 5.96% 7.81% 11.56% 8.8% 10.46% 10.78%
EPS 2 44.29 46.54 25.01 46.89 32.81 53.27 76.72 48.50 50.41
Dividend per Share 13.00 13.00 - 15.00 - - 23.00 - -
Announcement Date 30/07/20 28/07/21 27/04/22 28/07/22 28/10/22 27/04/23 28/07/23 27/10/23 26/04/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 8,333 8,354 9,306 9,782 9,707 10,270
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 490 764 1,031 279 -249 524
ROE (net income / shareholders' equity) 7.93% 5.53% 4.94% 4.76% 5.71% 7.26%
ROA (Net income/ Total Assets) 6.16% 4.8% 3.76% 4.01% 4.33% 5.69%
Assets 1 16,690 15,388 18,057 16,994 20,045 20,877
Book Value Per Share 2 1,953 2,008 2,062 2,180 2,325 2,503
Cash Flow per Share 2 1,205 1,238 1,373 1,449 1,424 1,510
Capex 1 259 190 102 54 929 84
Capex / Sales 2.28% 1.66% 1.05% 0.54% 8.32% 0.65%
Announcement Date 22/03/19 23/03/20 22/03/21 22/03/22 20/03/23 25/03/24
1JPY in Million2JPY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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