Stock 3454 FIRST BROTHERS CO.,LTD.
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Financials First Brothers Co.,Ltd.

Equities

3454

JP3802290001

Investment Banking & Brokerage Services

Market Closed - Japan Exchange
Other stock markets
 07:00:00 10/05/2024 BST 		5-day change 1st Jan Change
1,272 JPY -0.39% Intraday chart for First Brothers Co.,Ltd. +0.16% +25.07%
04-11 First Brothers’ Attributable Profit Drops 82.8% in Fiscal Q1 on Significant Loss on Non-current Assets Sale MT
04-03 First Brothers' Unit Secures 1.4 Billion Yen Capital Loan MT

Valuation

Fiscal Period: November 2018 2019 2020 2021 2022 2023
Capitalization 1 19,056 17,935 13,252 12,943 12,018 14,135
Enterprise Value (EV) 1 41,914 52,187 54,700 55,325 63,945 65,056
P/E ratio 6.64 x 8.23 x 5.73 x 4.63 x 10.2 x 4.44 x
Yield - 1.64% 2.54% 2.93% 3.5% 3.17%
Capitalization / Revenue 0.87 x 0.9 x 0.85 x 0.49 x 0.84 x 0.63 x
EV / Revenue 1.92 x 2.63 x 3.5 x 2.07 x 4.48 x 2.92 x
EV / EBITDA 7.68 x 13 x 16.7 x 9.59 x 22 x 11.3 x
EV / FCF -14.7 x -4.09 x -6.24 x 2.96 x -13.6 x 54.5 x
FCF Yield -6.8% -24.4% -16% 33.7% -7.38% 1.83%
Price to Book 1.33 x 1.11 x 0.73 x 0.63 x 0.56 x 0.58 x
Nbr of stocks (in thousands) 14,012 14,012 14,023 14,023 14,023 14,023
Reference price 2 1,360 1,280 945.0 923.0 857.0 1,008
Announcement Date 26/02/19 26/02/20 25/02/21 25/02/22 22/02/23 28/02/24
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: November 2018 2019 2020 2021 2022 2023
Net sales 1 21,864 19,838 15,642 26,685 14,284 22,268
EBITDA 1 5,459 4,002 3,275 5,771 2,909 5,733
EBIT 1 5,131 3,463 2,541 4,940 1,816 4,461
Operating Margin 23.47% 17.46% 16.24% 18.51% 12.71% 20.03%
Earnings before Tax (EBT) 1 4,641 2,812 3,029 4,378 1,343 4,686
Net income 1 2,885 2,183 2,313 2,795 1,180 3,186
Net margin 13.2% 11% 14.79% 10.47% 8.26% 14.31%
EPS 2 204.9 155.6 164.9 199.3 84.15 227.2
Free Cash Flow 1 -2,852 -12,758 -8,765 18,666 -4,719 1,193
FCF margin -13.04% -64.31% -56.04% 69.95% -33.03% 5.36%
FCF Conversion (EBITDA) - - - 323.44% - 20.8%
FCF Conversion (Net income) - - - 667.82% - 37.44%
Dividend per Share - 21.00 24.00 27.00 30.00 32.00
Announcement Date 26/02/19 26/02/20 25/02/21 25/02/22 22/02/23 28/02/24
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: November 2020 S1 2021 S1 2022 Q1 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3 2024 Q1
Net sales 1 1,997 14,176 6,345 8,600 2,233 1,817 11,987 4,053 1,955
EBITDA - - - - - - - - -
EBIT 1 192 2,867 1,129 1,193 220 12 3,066 364 240
Operating Margin 9.61% 20.22% 17.79% 13.87% 9.85% 0.66% 25.58% 8.98% 12.28%
Earnings before Tax (EBT) 1 -160 2,614 1,042 1,003 18 515 3,342 431 124
Net income 1 -92 1,748 665 593 200 369 2,214 443 63
Net margin -4.61% 12.33% 10.48% 6.9% 8.96% 20.31% 18.47% 10.93% 3.22%
EPS 2 -6.630 124.6 47.44 42.32 14.27 26.33 157.9 31.55 4.530
Dividend per Share - - - - - - - - -
Announcement Date 07/07/20 09/07/21 08/04/22 08/07/22 07/10/22 07/04/23 07/07/23 06/10/23 09/04/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: November 2018 2019 2020 2021 2022 2023
Net Debt 1 22,858 34,252 41,448 42,382 51,927 50,921
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 4.187 x 8.559 x 12.66 x 7.344 x 17.85 x 8.882 x
Free Cash Flow 1 -2,852 -12,758 -8,765 18,666 -4,719 1,193
ROE (net income / shareholders' equity) 22.3% 14.3% 13.3% 14.3% 5.54% 13.8%
ROA (Net income/ Total Assets) 7.36% 3.87% 2.31% 3.95% 1.33% 3.14%
Assets 1 39,222 56,439 100,225 70,752 88,476 101,465
Book Value Per Share 2 1,019 1,156 1,300 1,477 1,536 1,734
Cash Flow per Share 2 548.0 550.0 443.0 768.0 521.0 537.0
Capex 1 36 56 4 - 2,552 1,973
Capex / Sales 0.16% 0.28% 0.03% - 17.87% 8.86%
Announcement Date 26/02/19 26/02/20 25/02/21 25/02/22 22/02/23 28/02/24
1JPY in Million2JPY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Quarterly earnings - Rate of surprise

Company calendar

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