Financials Ecomic Co., Ltd

Equities

3802

JP3161220003

Employment Services

Market Closed - Japan Exchange 07:00:00 17/05/2024 BST 5-day change 1st Jan Change
445 JPY +0.68% Intraday chart for Ecomic Co., Ltd -1.77% -15.56%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 1,387 1,219 1,230 2,253 1,773 1,969
Enterprise Value (EV) 1 1,041 760.7 626.9 1,563 949.5 1,085
P/E ratio 25.9 x 16 x 12.6 x 22.1 x 15.7 x 11.6 x
Yield 0.92% 1.05% 1.31% 0.83% 1.28% 1.55%
Capitalization / Revenue 1.43 x 1.13 x 0.94 x 1.43 x 1.01 x 0.89 x
EV / Revenue 1.07 x 0.71 x 0.48 x 0.99 x 0.54 x 0.49 x
EV / EBITDA 9.73 x 5.63 x 3.43 x 7.51 x 3.5 x 3.38 x
EV / FCF -24.7 x 6.48 x 3.62 x -13 x 6.85 x 8.62 x
FCF Yield -4.05% 15.4% 27.7% -7.68% 14.6% 11.6%
Price to Book 2.45 x 1.94 x 1.75 x 2.23 x 1.55 x 1.52 x
Nbr of stocks (in thousands) 3,204 3,211 3,211 3,761 3,798 3,816
Reference price 2 433.0 379.5 383.0 599.0 467.0 516.0
Announcement Date 27/06/18 27/06/19 29/06/20 28/06/21 27/06/22 26/06/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 970 1,076 1,305 1,576 1,755 2,216
EBITDA 1 107 135 183 208 271 321
EBIT 1 67 95 135 152 185 204
Operating Margin 6.91% 8.83% 10.34% 9.64% 10.54% 9.21%
Earnings before Tax (EBT) 1 78 101 142 136 187 219
Net income 1 55 76 98 101 113 170
Net margin 5.67% 7.06% 7.51% 6.41% 6.44% 7.67%
EPS 2 16.70 23.68 30.44 27.11 29.82 44.63
Free Cash Flow 1 -42.12 117.4 173.4 -120 138.6 125.9
FCF margin -4.34% 10.91% 13.29% -7.61% 7.9% 5.68%
FCF Conversion (EBITDA) - 86.94% 94.74% - 51.15% 39.21%
FCF Conversion (Net income) - 154.44% 176.91% - 122.68% 74.04%
Dividend per Share 2 4.000 4.000 5.000 5.000 6.000 8.000
Announcement Date 27/06/18 27/06/19 29/06/20 28/06/21 27/06/22 26/06/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period:
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 346 458 603 690 824 884
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -42.1 117 173 -120 139 126
ROE (net income / shareholders' equity) 10.1% 12.7% 14.7% 11.8% 10.5% 13.9%
ROA (Net income/ Total Assets) 6.75% 8.76% 10.3% 9.4% 9.4% 8.33%
Assets 1 815 867.2 948.4 1,075 1,202 2,042
Book Value Per Share 2 177.0 195.0 219.0 268.0 301.0 340.0
Cash Flow per Share 2 108.0 143.0 188.0 183.0 217.0 275.0
Capex 1 10 6 11 38 56 24
Capex / Sales 1.03% 0.56% 0.84% 2.41% 3.19% 1.08%
Announcement Date 27/06/18 27/06/19 29/06/20 28/06/21 27/06/22 26/06/23
1JPY in Million2JPY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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