Projected Income Statement: Disco Corporation

Forecast Balance Sheet: Disco Corporation

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Net Debt 1 -125,771 -163,053 -215,486 -229,167 -284,575 -361,699 -466,580 -600,753
Change - -29.64% -32.16% -6.35% -24.18% -27.1% -29% -28.76%
Announcement Date 21/04/22 20/04/23 25/04/24 17/04/25 22/04/26 - - -
1JPY in Million
Estimates

Cash Flow Forecast: Disco Corporation

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
CAPEX 1 43,576 14,972 16,140 66,861 35,143 32,738 34,168 30,236
Change - -65.64% 7.8% 314.26% -47.44% -6.84% 4.37% -11.51%
Free Cash Flow (FCF) 1 40,063 68,706 81,121 53,503 -2,226 125,311 175,492 217,423
Change - 71.49% 18.07% -34.05% -104.16% 5,729.42% 40.05% 23.89%
Announcement Date 21/04/22 20/04/23 25/04/24 17/04/25 22/04/26 - - -
1JPY in Million
Estimates

Forecast Financial Ratios: Disco Corporation

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029

Profitability

        
EBITDA Margin (%) 39.43% 42.51% 43.09% 45.51% 45.73% 47.9% 49.06% 49.86%
EBIT Margin (%) 36.06% 38.86% 39.5% 42.41% 42.34% 45.62% 47.46% 48.72%
EBT Margin (%) 36.35% 39.69% 37.25% 42.74% 42.07% 44.68% 46.02% 47.1%
Net margin (%) 26.09% 29.17% 27.38% 31.5% 31.02% 33.67% 35.04% 35.95%
FCF margin (%) 15.79% 24.18% 26.38% 13.6% -0.51% 22.21% 26.17% 28.38%
FCF / Net Income (%) 60.51% 82.89% 96.34% 43.18% -1.64% 65.96% 74.68% 78.94%

Profitability

        
ROA 25.21% 25.73% 23.88% 20.48% 26.47% 24.58% 23.38% 22.47%
ROE 24.3% 25.9% 22.4% 28.49% 25.1% 29.16% 29.15% 28.81%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 17.17% 5.27% 5.25% 17% 8.04% 5.8% 5.1% 3.95%
CAPEX / EBITDA (%) 43.55% 12.4% 12.18% 37.35% 17.59% 12.11% 10.39% 7.92%
CAPEX / FCF (%) 108.77% 21.79% 19.9% 124.97% -1,578.75% 26.13% 19.47% 13.91%

Items per share

        
Cash flow per share 1 690.7 861.2 879.1 1,111 1,387 1,419 1,822 2,196
Change - 24.7% 2.08% 26.34% 24.83% 2.33% 28.41% 20.54%
Dividend per Share 1 269.3 305.3 307 413 505 693.8 857.3 1,086
Change - 13.37% 0.55% 34.53% 22.28% 37.38% 23.57% 26.7%
Book Value Per Share 1 2,703 3,202 3,740 4,407 5,408 6,492 7,853 9,189
Change - 18.47% 16.8% 17.84% 22.71% 20.04% 20.97% 17.01%
EPS 1 611.7 765.5 777.3 1,143 1,250 1,758 2,166 2,540
Change - 25.14% 1.54% 47.08% 9.32% 40.65% 23.23% 17.23%
Nbr of stocks (in thousands) 108,270 108,302 108,349 108,375 108,462 108,468 108,468 108,468
Announcement Date 21/04/22 20/04/23 25/04/24 17/04/25 22/04/26 - - -
1JPY
Estimates
2027 *2028 *
P/E 34.3x 27.8x
PBR 9.29x 7.68x
EV / Sales 10.9x 9.06x
Yield 1.15% 1.42%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
21
Last Close Price
60,290.00JPY
Average target price
81,730.00JPY
Spread / Average Target
+35.56%

Quarterly revenue - Rate of surprise