Financials DIP Corporation

Equities

2379

JP3548640006

Employment Services

Market Closed - Japan Exchange 07:00:00 26/04/2024 BST 5-day change 1st Jan Change
2,712 JPY -0.11% Intraday chart for DIP Corporation +0.52% -15.51%

Valuation

Fiscal Period: February 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 108,365 141,621 160,335 189,106 196,979 147,737 - -
Enterprise Value (EV) 1 93,438 122,379 147,873 172,537 175,005 125,220 125,863 121,518
P/E ratio 12.2 x 14.2 x 261 x 54 x 24.8 x 16 x 14.9 x 13.3 x
Yield 2.55% 2.14% 1.93% 1.8% 2.05% 3.36% 3.36% 3.52%
Capitalization / Revenue 2.57 x 3.05 x 4.93 x 4.79 x 3.99 x 2.68 x 2.54 x 2.22 x
EV / Revenue 2.22 x 2.64 x 4.55 x 4.37 x 3.55 x 2.33 x 2.17 x 1.82 x
EV / EBITDA 6.55 x 7.63 x 15.9 x 21.4 x 12.3 x 7.91 x 7.7 x 6.08 x
EV / FCF 10.8 x 10 x 25.7 x 26 x 19.3 x 23.2 x 16.7 x 11.7 x
FCF Yield 9.22% 9.96% 3.89% 3.84% 5.19% 4.32% 6% 8.56%
Price to Book 4.37 x 4.5 x 5.3 x 5.83 x 5.22 x 3.66 x 3.73 x 3.12 x
Nbr of stocks (in thousands) 55,204 54,199 55,326 55,784 55,960 54,475 - -
Reference price 2 1,963 2,613 2,898 3,390 3,520 2,712 2,712 2,712
Announcement Date 12/04/19 07/04/20 07/04/21 14/04/22 14/04/23 12/04/24 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 42,176 46,415 32,495 39,515 49,356 53,782 58,093 66,591
EBITDA 1 14,271 16,047 9,312 8,055 14,270 15,828 16,353 19,978
EBIT 1 12,745 14,353 7,312 5,602 11,538 12,761 13,608 16,661
Operating Margin 30.22% 30.92% 22.5% 14.18% 23.38% 23.73% 23.42% 25.02%
Earnings before Tax (EBT) 1 12,609 14,282 1,140 4,996 11,175 11,985 12,846 16,226
Net income 1 8,910 10,012 607.7 3,487 7,936 9,051 8,901 11,108
Net margin 21.13% 21.57% 1.87% 8.83% 16.08% 16.83% 15.32% 16.68%
EPS 2 160.9 183.8 11.09 62.77 142.0 163.4 181.9 203.4
Free Cash Flow 1 8,616 12,191 5,750 6,632 9,082 5,404 7,550 10,404
FCF margin 20.43% 26.27% 17.7% 16.78% 18.4% 10.05% 13% 15.62%
FCF Conversion (EBITDA) 60.38% 75.97% 61.75% 82.33% 63.64% 34.14% 46.17% 52.08%
FCF Conversion (Net income) 96.7% 121.76% 946.3% 190.16% 114.44% 59.71% 84.82% 93.66%
Dividend per Share 2 50.00 56.00 56.00 61.00 72.00 88.00 91.17 95.58
Announcement Date 12/04/19 07/04/20 07/04/21 14/04/22 14/04/23 12/04/24 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: February 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 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Net sales 1 8,389 17,614 10,449 11,451 12,342 11,477 23,819 12,899 12,637 14,027 12,519 26,545 13,710 13,526 14,663 13,708 15,190 14,231
EBITDA 1 1,780 - - 2,381 - - - - 2,722 4,108 3,659 - 4,340 3,721 - - - -
EBIT 1 1,184 3,040 817.2 1,745 3,158 2,625 5,783 3,708 2,046 3,342 2,890 6,232 3,586 2,943 3,249 3,120 4,017 3,270
Operating Margin 14.12% 17.26% 7.82% 15.24% 25.59% 22.87% 24.28% 28.75% 16.19% 23.83% 23.08% 23.48% 26.16% 21.76% 22.16% 22.76% 26.44% 22.98%
Earnings before Tax (EBT) 1,305 3,092 770.3 1,134 2,928 2,498 5,425 3,717 2,031 3,247 2,830 6,077 3,561 2,347 - - - -
Net income 1 948.7 2,152 515.2 819.5 2,006 1,686 3,692 2,562 1,682 2,153 2,213 4,366 2,464 2,220 2,257 2,076 2,666 2,201
Net margin 11.31% 12.22% 4.93% 7.16% 16.25% 14.69% 15.5% 19.86% 13.31% 15.35% 17.68% 16.45% 17.97% 16.41% 15.39% 15.14% 17.55% 15.47%
EPS - 38.88 9.210 - 35.96 - 66.18 45.82 - 38.57 - 78.63 44.59 - - - - -
Dividend per Share - 27.00 - - - - 34.00 - - - - 40.00 - - - - - -
Announcement Date 14/10/21 14/10/21 14/01/22 14/04/22 13/07/22 13/10/22 13/10/22 12/01/23 14/04/23 14/07/23 11/10/23 11/10/23 11/01/24 12/04/24 - - - -
1JPY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: February 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 14,927 19,242 12,463 16,570 21,974 19,117 21,873 26,219
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 8,616 12,191 5,750 6,632 9,082 5,404 7,550 10,404
ROE (net income / shareholders' equity) 39.5% 35% 2% 11.1% 22.7% 23.5% 22.4% 24.4%
ROA (Net income/ Total Assets) 29% 24% 1.58% 13.6% 25% 25% 24% 25%
Assets 1 30,763 41,649 38,492 25,671 31,684 36,201 37,166 44,433
Book Value Per Share 2 449.0 581.0 547.0 581.0 674.0 716.0 726.0 870.0
Cash Flow per Share 2 188.0 227.0 47.60 107.0 191.0 219.0 214.0 250.0
Capex 1 2,311 - 3,369 3,804 3,654 4,123 3,738 4,132
Capex / Sales 5.48% - 10.37% 9.63% 7.4% 7.67% 6.43% 6.21%
Announcement Date 12/04/19 07/04/20 07/04/21 14/04/22 14/04/23 12/04/24 - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
4
Last Close Price
2,712 JPY
Average target price
3,307 JPY
Spread / Average Target
+21.93%
Consensus
  1. Stock Market
  2. Equities
  3. 2379 Stock
  4. Financials DIP Corporation