Financials Daio Paper Corporation

Equities

3880

JP3440400004

Paper Products

Market Closed - Japan Exchange 07:00:00 26/04/2024 BST 5-day change 1st Jan Change
1,122 JPY +0.40% Intraday chart for Daio Paper Corporation +1.08% -0.09%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 203,676 218,079 314,367 262,818 171,798 186,663 - -
Enterprise Value (EV) 1 500,989 499,144 614,416 552,295 530,823 530,636 522,336 516,536
P/E ratio 42.8 x 11.4 x 13.7 x 11.1 x -4.95 x 95.9 x 18.2 x 14 x
Yield 0.77% 0.93% 0.9% 1.39% 1.55% 1.43% 1.43% 1.43%
Capitalization / Revenue 0.38 x 0.4 x 0.56 x 0.43 x 0.27 x 0.28 x 0.28 x 0.28 x
EV / Revenue 0.94 x 0.91 x 1.09 x 0.9 x 0.82 x 0.8 x 0.78 x 0.77 x
EV / EBITDA 10.2 x 7.56 x 8.65 x 7.33 x 24.5 x 8.46 x 7.24 x 6.55 x
EV / FCF -26 x 24.8 x -15.6 x 61.5 x -6.31 x 18.9 x 32 x 27.2 x
FCF Yield -3.85% 4.04% -6.43% 1.63% -15.9% 5.3% 3.12% 3.68%
Price to Book 1.1 x 1.1 x 1.32 x 1.01 x 0.73 x 0.79 x 0.77 x 0.73 x
Nbr of stocks (in thousands) 150,093 150,089 165,543 166,025 166,149 166,366 - -
Reference price 2 1,357 1,453 1,899 1,583 1,034 1,122 1,122 1,122
Announcement Date 17/05/19 15/05/20 14/05/21 13/05/22 12/05/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Maart 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 533,890 546,433 562,928 612,314 646,213 665,900 665,800 668,550
EBITDA 1 49,036 66,031 71,010 75,379 21,687 62,752 72,100 78,900
EBIT 1 12,122 30,629 36,873 37,569 -21,441 14,300 24,600 31,300
Operating Margin 2.27% 5.61% 6.55% 6.14% -3.32% 2.15% 3.69% 4.68%
Earnings before Tax (EBT) 1 6,970 31,251 32,717 36,588 -39,201 6,650 17,450 22,350
Net income 1 4,697 19,199 22,115 23,721 -34,705 1,950 10,250 13,300
Net margin 0.88% 3.51% 3.93% 3.87% -5.37% 0.29% 1.54% 1.99%
EPS 2 31.70 127.9 138.7 142.9 -209.0 11.71 61.60 79.93
Free Cash Flow 1 -19,303 20,143 -39,492 8,975 -84,183 28,102 16,300 19,000
FCF margin -3.62% 3.69% -7.02% 1.47% -13.03% 4.22% 2.45% 2.84%
FCF Conversion (EBITDA) - 30.51% - 11.91% - 44.78% 22.61% 24.08%
FCF Conversion (Net income) - 104.92% - 37.84% - 1,441.15% 159.02% 142.86%
Dividend per Share 2 10.50 13.50 17.00 22.00 16.00 16.00 16.00 16.00
Announcement Date 17/05/19 15/05/20 14/05/21 13/05/22 12/05/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2021 S1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4
Net sales 1 268,618 261,585 151,920 296,873 150,655 164,786 147,309 161,370 308,679 172,176 165,358 162,013 169,215 331,228 172,546 160,226
EBITDA - - - - - - - - - - - - - - - -
EBIT 1 12,409 14,125 8,255 19,235 8,401 9,933 291 -7,556 -7,265 -10,662 -3,514 2,779 4,649 7,428 3,664 2,908
Operating Margin 4.62% 5.4% 5.43% 6.48% 5.58% 6.03% 0.2% -4.68% -2.35% -6.19% -2.13% 1.72% 2.75% 2.24% 2.12% 1.81%
Earnings before Tax (EBT) 17,272 13,675 - 18,211 8,183 - 2,414 - -8,857 -19,704 - 4,925 - 8,668 -718 -
Net income 10,814 9,348 - 11,456 5,559 - 1,361 - -8,301 -15,740 - 3,308 - 3,926 -1,910 -
Net margin 4.03% 3.57% - 3.86% 3.69% - 0.92% - -2.69% -9.14% - 2.04% - 1.19% -1.11% -
EPS 72.05 60.99 - 69.02 33.49 - 8.200 - -50.02 -94.81 - 19.90 - 23.62 -11.49 -
Dividend per Share 5.000 7.000 - 10.00 - - - - 7.000 - - - - 7.000 - -
Announcement Date 13/11/19 11/11/20 12/11/21 12/11/21 10/02/22 13/05/22 12/08/22 11/11/22 11/11/22 10/02/23 12/05/23 10/08/23 10/11/23 10/11/23 09/02/24 -
1JPY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 297,313 281,065 300,049 289,477 359,025 343,973 335,673 329,873
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 6.063 x 4.257 x 4.225 x 3.84 x 16.55 x 5.481 x 4.656 x 4.181 x
Free Cash Flow 1 -19,303 20,143 -39,492 8,975 -84,183 28,103 16,300 19,000
ROE (net income / shareholders' equity) 2.6% 10% 10.1% 9.5% -14% 0.81% 4.27% 5.36%
ROA (Net income/ Total Assets) 1.37% 3.73% 4.28% 4.46% -2.73% 0.22% 1.11% 1.4%
Assets 1 341,707 515,259 517,264 531,810 1,272,737 906,977 920,521 950,339
Book Value Per Share 2 1,237 1,320 1,440 1,562 1,415 1,421 1,467 1,531
Cash Flow per Share 257.0 340.0 353.0 371.0 50.70 - - -
Capex 1 59,590 49,116 53,411 64,165 47,857 26,600 40,950 42,300
Capex / Sales 11.16% 8.99% 9.49% 10.48% 7.41% 3.99% 6.15% 6.33%
Announcement Date 17/05/19 15/05/20 14/05/21 13/05/22 12/05/23 - - -
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
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
1,122 JPY
Average target price
1,325 JPY
Spread / Average Target
+18.09%
Consensus
  1. Stock Market
  2. Equities
  3. 3880 Stock
  4. Financials Daio Paper Corporation