Financials Cybozu, Inc.

Equities

4776

JP3312100005

Software

Market Closed - Japan Exchange Other stock markets 07:00:00 14/05/2024 BST			5-day change	1st Jan Change
1,647 ^JPY	+1.86%		+5.98%	-24.45%

03-07	Japanese Shares Close Lower But Hit Fresh 52-Week High on US Rate Cut Assurance	MT
03-07	Cybozu's 2023 Attributable Profit Skyrockets on Higher Cloud Service Sales	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	68,083	118,320	84,003	111,209	103,808	78,427	-
Enterprise Value (EV) ¹	65,885	114,364	81,398	110,765	97,316	78,427	78,427
P/E ratio	67.2 x	82.4 x	152 x	1,672 x	41.7 x	37.9 x	26.4 x
Yield	0.67%	0.43%	0.66%	0.54%	0.64%	0.91%	0.97%
Capitalization / Revenue	5.07 x	7.55 x	4.54 x	5.04 x	4.08 x	2.71 x	2.41 x
EV / Revenue	5.07 x	7.55 x	4.54 x	5.04 x	4.08 x	2.71 x	2.41 x
EV / EBITDA	25.3 x	36.6 x	-	-	19.1 x	18.2 x	13.5 x
EV / FCF	119 x	57.9 x	-	-79.5 x	48.4 x	38.9 x	27 x
FCF Yield	0.84%	1.73%	-	-1.26%	2.07%	2.57%	3.7%
Price to Book	17.1 x	18.5 x	13.2 x	24 x	9.22 x	10.1 x	7.85 x
Nbr of stocks (in thousands)	45,878	45,878	45,878	45,878	47,618	47,618	-
Reference price ²	1,484	2,579	1,831	2,424	2,180	1,647	1,647
Announcement Date	13/02/20	12/02/21	14/02/22	13/02/23	13/02/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	13,417	15,674	18,489	22,067	25,432	28,910	32,540
EBITDA ¹	2,689	3,233	-	-	5,444	4,300	5,800
EBIT ¹	1,732	2,270	1,441	611	3,394	3,200	4,600
Operating Margin	12.91%	14.48%	7.79%	2.77%	13.35%	11.07%	14.14%
Earnings before Tax (EBT) ¹	1,784	2,652	1,487	938	3,528	3,200	4,600
Net income ¹	1,012	1,435	551	66	2,488	2,070	2,970
Net margin	7.54%	9.16%	2.98%	0.3%	9.78%	7.16%	9.13%
EPS ²	22.07	31.30	12.03	1.450	52.29	43.50	62.40
Free Cash Flow ¹	573	2,044	-	-1,399	2,146	2,017	2,901
FCF margin	4.27%	13.04%	-	-6.34%	8.44%	6.98%	8.92%
FCF Conversion (EBITDA)	21.31%	63.22%	-	-	39.42%	46.91%	50.02%
FCF Conversion (Net income)	56.62%	142.44%	-	-	86.25%	97.44%	97.68%
Dividend per Share ²	10.00	11.00	12.00	13.00	14.00	15.00	16.00
Announcement Date	13/02/20	12/02/21	14/02/22	13/02/23	13/02/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2020 S1	2021 S1	2021 Q3	2022 Q1	2022 Q2	2022 S1	2022 Q3	2023 Q1	2023 Q2	2023 S1	2023 Q3	2023 Q4	2023 S2
Net sales ¹	7,670	8,973	4,637	5,184	5,379	10,563	5,630	6,059	6,229	12,288	6,448	6,696	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	1,632	1,420	438	313	10	323	530	1,238	793	2,031	1,093	270	-
Operating Margin	21.28%	15.83%	9.45%	6.04%	0.19%	3.06%	9.41%	20.43%	12.73%	16.53%	16.95%	4.03%	-
Earnings before Tax (EBT)	1,640	1,454	453	434	-	611	672	1,257	-	2,136	1,171	-	-
Net income	928	810	228	196	-	131	356	907	-	1,545	824	-	-
Net margin	12.1%	9.03%	4.92%	3.78%	-	1.24%	6.32%	14.97%	-	12.57%	12.78%	-	-
EPS	20.23	17.67	4.960	4.290	-	2.870	7.750	19.08	-	32.48	17.30	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	14.00
Announcement Date	13/08/20	12/08/21	12/11/21	13/05/22	12/08/22	12/08/22	11/11/22	12/05/23	10/08/23	10/08/23	13/11/23	13/02/24	13/02/24

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-
Net Cash position	2,198	3,956	2,605	444	6,492	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow ¹	573	2,044	-	-1,399	2,146	2,017	2,901
ROE (net income / shareholders' equity)	27.4%	27.6%	8.6%	1.2%	31.3%	29.1%	33.4%
ROA (Net income/ Total Assets)	22.3%	21.5%	11.2%	6.59%	20.4%	-	-
Assets ¹	4,544	6,666	4,930	1,001	12,219	-	-
Book Value Per Share ²	87.00	140.0	139.0	101.0	236.0	164.0	210.0
Cash Flow per Share	42.90	52.30	37.30	36.20	95.30	-	-
Capex ¹	1,782	493	1,436	2,727	2,402	700	800
Capex / Sales	13.28%	3.15%	7.77%	12.36%	9.44%	2.42%	2.46%
Announcement Date	13/02/20	12/02/21	14/02/22	13/02/23	13/02/24	-	-

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

Ratings for Cybozu, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1,617 JPY

Average target price

2,600 JPY

Spread / Average Target

+60.79%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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