Financials Furubayashi Shiko Co.,Ltd.

Equities

3944

JP3828800007

Paper Packaging

Market Closed - Japan Exchange 01:57:26 28/06/2024 BST 5-day change 1st Jan Change
2,014 JPY +0.70% Intraday chart for Furubayashi Shiko Co.,Ltd. +1.21% -13.08%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,583 3,370 2,840 2,330 2,032 2,569
Enterprise Value (EV) 1 4,813 4,580 4,240 4,055 2,576 3,433
P/E ratio 6.49 x 5.88 x 257 x 17.4 x 6.16 x 5.84 x
Yield 2.07% 2.43% 1.95% 2.35% 2.72% 2.16%
Capitalization / Revenue 0.15 x 0.18 x 0.17 x 0.14 x 0.12 x 0.14 x
EV / Revenue 0.29 x 0.24 x 0.25 x 0.25 x 0.15 x 0.19 x
EV / EBITDA 4.08 x 3.17 x 4.22 x 6.65 x 2.8 x 3.31 x
EV / FCF 9.87 x 8.4 x 13.3 x -10.4 x 2.53 x -15.3 x
FCF Yield 10.1% 11.9% 7.5% -9.6% 39.6% -6.54%
Price to Book 0.33 x 0.39 x 0.34 x 0.3 x 0.26 x 0.3 x
Nbr of stocks (in thousands) 1,072 1,091 1,105 1,097 1,105 1,109
Reference price 2 2,410 3,090 2,570 2,124 1,840 2,317
Announcement Date 28/06/18 27/03/20 30/03/21 30/03/22 30/03/23 28/03/24
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 16,839 18,733 16,799 16,147 17,058 17,911
EBITDA 1 1,180 1,445 1,004 610 920 1,036
EBIT 1 631 858 566 170 468 590
Operating Margin 3.75% 4.58% 3.37% 1.05% 2.74% 3.29%
Earnings before Tax (EBT) 1 638 873 48 184 488 696
Net income 1 409 584 11 135 330 439
Net margin 2.43% 3.12% 0.07% 0.84% 1.93% 2.45%
EPS 2 371.3 525.6 10.01 122.4 298.9 396.6
Free Cash Flow 1 487.5 545 318.1 -389.2 1,019 -224.4
FCF margin 2.9% 2.91% 1.89% -2.41% 5.97% -1.25%
FCF Conversion (EBITDA) 41.31% 37.72% 31.69% - 110.77% -
FCF Conversion (Net income) 119.19% 93.32% 2,892.05% - 308.83% -
Dividend per Share 2 50.00 75.00 50.00 50.00 50.00 50.00
Announcement Date 28/06/18 27/03/20 30/03/21 30/03/22 30/03/23 28/03/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 2,230 1,210 1,400 1,725 544 864
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.89 x 0.8376 x 1.394 x 2.828 x 0.5913 x 0.834 x
Free Cash Flow 1 488 545 318 -389 1,019 -224
ROE (net income / shareholders' equity) 5.06% 5.14% -1.87% 1.28% 3.94% 5.47%
ROA (Net income/ Total Assets) 2.23% 2.34% 1.95% 0.62% 1.72% 2.05%
Assets 1 18,366 24,974 563.1 21,930 19,192 21,446
Book Value Per Share 2 7,309 7,962 7,458 7,088 7,112 7,820
Cash Flow per Share 2 1,406 1,376 1,119 1,120 1,455 1,722
Capex 1 486 460 650 417 257 908
Capex / Sales 2.89% 2.46% 3.87% 2.58% 1.51% 5.07%
Announcement Date 28/06/18 27/03/20 30/03/21 30/03/22 30/03/23 28/03/24
1JPY in Million2JPY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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