Financials DOUTOR NICHIRES Holdings Co., Ltd.

Equities

3087

JP3639100001

Restaurants & Bars

Market Closed - Japan Exchange Other stock markets 07:00:00 02/05/2024 BST			5-day change	1st Jan Change
2,099 ^JPY	+0.14%		+0.29%	-3.67%

2023	Tranche Update on DOUTOR NICHIRES Holdings Co., Ltd.'s Equity Buyback Plan announced on July 14, 2023.	CI
2023	DOUTOR NICHIRES Holdings Co., Ltd.'s Equity Buyback announced on July 14, 2023, has closed with 418,900 shares, representing 0.95% for ¥893.51 million.	CI

Valuation

Fiscal Period: February	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	95,612	80,104	71,451	71,675	82,557	91,975	-	-
Enterprise Value (EV) ¹	63,302	44,076	46,453	38,668	52,043	90,266	52,775	49,475
P/E ratio	16.2 x	13.2 x	-6.51 x	58.7 x	24.1 x	16.5 x	14.5 x	13.9 x
Yield	1.48%	1.88%	1.49%	1.6%	1.61%	1.94%	2.02%	2.14%
Capitalization / Revenue	0.74 x	0.61 x	0.74 x	0.66 x	0.65 x	0.64 x	0.63 x	0.6 x
EV / Revenue	0.49 x	0.34 x	0.48 x	0.35 x	0.41 x	0.64 x	0.36 x	0.32 x
EV / EBITDA	4.33 x	-	239 x	16.1 x	7.56 x	4.98 x	3.8 x	3.39 x
EV / FCF	14,462,410 x	7,855,225 x	-4,849,925 x	3,984,795 x	-124,803,997 x	19,712,978 x	-	-
FCF Yield	0%	0%	-0%	0%	-0%	0%	-	-
Price to Book	0.94 x	0.76 x	0.76 x	0.76 x	0.86 x	0.91 x	0.88 x	0.85 x
Nbr of stocks (in thousands)	44,183	44,183	44,214	44,217	44,219	43,818	-	-
Reference price ²	2,164	1,813	1,616	1,621	1,867	2,099	2,099	2,099
Announcement Date	12/04/19	14/04/20	14/04/21	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	129,216	131,193	96,141	109,363	126,864	140,625	146,760	153,405
EBITDA ¹	14,607	-	194	2,401	6,882	11,300	13,900	14,600
EBIT ¹	10,143	10,289	-4,319	-1,783	2,969	7,322	9,700	10,500
Operating Margin	7.85%	7.84%	-4.49%	-1.63%	2.34%	5.21%	6.61%	6.84%
Earnings before Tax (EBT)	9,375	9,593	-8,933	3,428	4,025	7,449	-	-
Net income ¹	5,915	6,058	-10,979	1,221	3,429	5,491	6,625	7,000
Net margin	4.58%	4.62%	-11.42%	1.12%	2.7%	3.9%	4.51%	4.56%
EPS ²	133.9	137.1	-248.4	27.63	77.56	124.9	145.1	150.9
Free Cash Flow	4,377	5,611	-9,578	9,704	-417	4,579	-	-
FCF margin	3.39%	4.28%	-9.96%	8.87%	-0.33%	3.26%	-	-
FCF Conversion (EBITDA)	29.97%	-	-	404.16%	-	-	-	-
FCF Conversion (Net income)	74%	92.62%	-	794.76%	-	83.39%	-	-
Dividend per Share ²	32.00	34.00	24.00	26.00	30.00	40.00	42.50	45.00
Announcement Date	12/04/19	14/04/20	14/04/21	14/04/22	14/04/23	12/04/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: February	2020 S1	2021 S1	2021 S2	2022 Q2	2022 S1	2022 Q3	2022 Q4	2022 S2	2023 Q1	2023 Q2	2023 S1	2023 Q3	2023 Q4	2023 S2	2024 Q1	2024 Q2	2024 S1	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 S1	2025 Q3	2025 Q4
Net sales ¹	66,908	44,278	51,863	27,198	53,739	28,167	27,457	55,624	30,540	31,595	62,135	32,324	32,405	64,729	35,176	35,785	70,961	35,273	34,391	36,700	36,900	73,600	36,600	36,220
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	6,247	-3,227	-1,092	-469	-774	-147	-862	-1,009	972	502	1,474	571	924	1,495	2,166	1,895	4,061	1,701	1,560	2,700	2,400	5,100	2,790	2,110
Operating Margin	9.34%	-7.29%	-2.11%	-1.72%	-1.44%	-0.52%	-3.14%	-1.81%	3.18%	1.59%	2.37%	1.77%	2.85%	2.31%	6.16%	5.3%	5.72%	4.82%	4.54%	7.36%	6.5%	6.93%	7.62%	5.83%
Earnings before Tax (EBT)	6,058	-5,350	-3,583	1,051	2,845	2,306	-1,723	583	1,656	1,587	3,243	687	95	782	2,699	2,025	4,724	1,754	-	-	-	-	-	-
Net income ¹	3,874	-5,839	-5,140	725	2,049	1,584	-2,412	-828	1,282	1,246	2,528	427	474	901	2,014	1,621	3,635	1,337	519	1,810	1,560	3,370	1,810	1,470
Net margin	5.79%	-13.19%	-9.91%	2.67%	3.81%	5.62%	-8.78%	-1.49%	4.2%	3.94%	4.07%	1.32%	1.46%	1.39%	5.73%	4.53%	5.12%	3.79%	1.51%	4.93%	4.23%	4.58%	4.95%	4.06%
EPS	87.70	-132.1	-	-	46.34	35.84	-	-	29.01	-	57.19	9.650	-	-	45.57	-	82.39	30.56	-	-	-	-	-	-
Dividend per Share	17.00	12.00	-	-	12.00	-	-	-	-	-	14.00	-	-	-	-	-	20.00	-	-	-	-	-	-	-
Announcement Date	15/10/19	15/10/20	14/04/21	15/10/21	15/10/21	14/01/22	14/04/22	14/04/22	15/07/22	14/10/22	14/10/22	13/01/23	14/04/23	14/04/23	14/07/23	13/10/23	13/10/23	12/01/24	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	32,310	36,028	24,998	33,007	30,514	35,700	39,200	42,500
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	4,377	5,611	-9,578	9,704	-417	4,579	-	-
ROE (net income / shareholders' equity)	6%	5.8%	-11%	1.3%	3.6%	5.6%	6.66%	6.54%
ROA (Net income/ Total Assets)	8.31%	8.03%	-8.92%	1.05%	2.9%	6.19%	-	-
Assets ¹	71,161	75,430	123,144	116,742	118,354	88,709	-	-
Book Value Per Share ²	2,294	2,398	2,121	2,123	2,171	2,263	2,372	2,482
Cash Flow per Share	234.0	243.0	-146.0	122.0	166.0	222.0	-	-
Capex	4,832	6,564	6,695	4,526	5,709	7,216	-	-
Capex / Sales	3.74%	5%	6.96%	4.14%	4.5%	5.13%	-	-
Announcement Date	12/04/19	14/04/20	14/04/21	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

Ratings for DOUTOR NICHIRES Holdings Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

2,099 JPY

Average target price

2,400 JPY

Spread / Average Target

+14.34%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Restaurants & Bars

	1st Jan change	Capi.
DOUTOR NICHIRES HOLDINGS CO., LTD.	-3.67%	598M
STARBUCKS CORPORATION	-23.85%	84.87B
COMPASS GROUP PLC	+4.57%	47.24B
DARDEN RESTAURANTS, INC.	-9.16%	17.65B
HAIDILAO INTERNATIONAL HOLDING LTD.	+31.36%	13.65B
SODEXO	-18.94%	12.57B
CAVA GROUP, INC.	+67.92%	7.78B
ZENSHO HOLDINGS CO., LTD.	-18.68%	6.12B
JOLLIBEE FOODS CORPORATION	-12.89%	4.41B
JUBILANT FOODWORKS LIMITED	-18.10%	3.61B

Other Restaurants & Bars