Financials gremz,Inc.

Equities

3150

JP3952860009

Environmental Services & Equipment

End-of-day quote Japan Exchange Other stock markets 23:00:00 20/06/2024 BST			5-day change	1st Jan Change
2,527 ^JPY	-0.43%		-1.60%	+20.28%

05-31	Gremz's Full-Year Profit Surges 44%	MT
05-15	Gremz,Inc. Announces Dividend for the Fiscal Year Ended March 31, 2024, Payable on June 27, 2024; Provides Dividend Guidance for the Second Quarter and Full Fiscal Year Ending March 31, 2025	CI

Valuation

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	18,972	22,565	43,308	51,283	54,485	58,379	-	-
Enterprise Value (EV) ¹	16,732	19,577	37,259	47,386	49,418	51,702	58,379	58,379
P/E ratio	19.4 x	15.2 x	38.5 x	23.8 x	22.1 x	14.5 x	13.5 x	11 x
Yield	1.01%	1.2%	0.89%	0.84%	0.92%	2.1%	2.26%	2.73%
Capitalization / Revenue	1.56 x	1.46 x	2.24 x	2.21 x	1.74 x	1.73 x	1.72 x	1.54 x
EV / Revenue	1.56 x	1.46 x	2.24 x	2.21 x	1.74 x	1.73 x	1.72 x	1.54 x
EV / EBITDA	12.5 x	10.2 x	24.6 x	20 x	14.6 x	9.56 x	-	-
EV / FCF	26.4 x	14.7 x	15.1 x	-29.1 x	-	13.1 x	14.6 x	11.5 x
FCF Yield	3.79%	6.79%	6.62%	-3.44%	-	7.63%	6.86%	8.68%
Price to Book	4.94 x	4.4 x	7.21 x	6.46 x	5.51 x	4.01 x	3.62 x	2.9 x
Nbr of stocks (in thousands)	22,559	22,565	22,770	22,772	22,778	23,102	-	-
Reference price ²	841.0	1,000	1,902	2,252	2,392	2,527	2,527	2,527
Announcement Date	10/05/19	11/05/20	14/05/21	13/05/22	15/05/23	15/05/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	12,137	15,489	19,311	23,252	31,392	29,908	34,000	38,000
EBITDA ¹	1,515	2,217	1,764	2,562	3,725	5,407	-	-
EBIT ¹	1,400	2,106	1,650	2,450	3,600	5,217	6,500	8,000
Operating Margin	11.53%	13.6%	8.54%	10.54%	11.47%	17.44%	19.12%	21.05%
Earnings before Tax (EBT)	1,483	2,165	1,737	3,218	3,681	5,218	-	-
Net income ¹	1,001	1,483	1,120	2,158	2,465	3,540	4,320	5,300
Net margin	8.25%	9.57%	5.8%	9.28%	7.85%	11.84%	12.71%	13.95%
EPS ²	43.40	65.74	49.45	94.81	108.2	153.8	187.0	229.4
Free Cash Flow ¹	719	1,533	2,867	-1,765	-	3,945	4,007	5,069
FCF margin	5.92%	9.9%	14.85%	-7.59%	-	13.19%	11.79%	13.34%
FCF Conversion (EBITDA)	47.45%	69.15%	162.54%	-	-	72.95%	-	-
FCF Conversion (Net income)	71.83%	103.37%	255.97%	-	-	111.43%	92.75%	95.64%
Dividend per Share ²	8.500	12.00	17.00	19.00	22.00	47.00	57.00	69.00
Announcement Date	10/05/19	11/05/20	14/05/21	13/05/22	15/05/23	15/05/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2020 S1	2020 S2	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 S1	2024 Q3	2024 Q4	2024 S2	2025 Q1	2025 Q2	2025 S1	2025 Q3	2025 Q4	2025 S2
Net sales ¹	7,507	7,982	8,319	10,992	5,462	10,402	5,819	7,031	12,850	6,884	9,043	15,927	8,448	7,017	15,465	7,507	15,944	7,806	6,158	13,964	8,000	8,500	16,500	8,500	9,000	17,500
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	1,007	1,099	1,613	37	919	1,918	538	-6	532	547	652	1,199	1,626	-	-	1,863	3,197	1,528	492	2,020	2,000	1,300	3,300	1,800	1,400	3,200
Operating Margin	13.41%	13.77%	19.39%	0.34%	16.83%	18.44%	9.25%	-0.09%	4.14%	7.95%	7.21%	7.53%	19.25%	-	-	24.82%	20.05%	19.57%	7.99%	14.47%	25%	15.29%	20%	21.18%	15.56%	18.29%
Earnings before Tax (EBT)	1,038	-	1,643	-	-	1,942	924	-	-	554	-	1,214	1,668	-	-	1,884	3,229	1,492	-	-	-	-	-	-	-	-
Net income	703	-	1,124	-	-	1,324	607	-	-	355	-	780	1,124	-	-	1,277	2,177	1,004	-	-	-	-	-	-	-	-
Net margin	9.36%	-	13.51%	-	-	12.73%	10.43%	-	-	5.16%	-	4.9%	13.3%	-	-	17.01%	13.65%	12.86%	-	-	-	-	-	-	-	-
EPS	31.16	-	49.82	-	-	58.17	26.63	-	-	15.59	-	34.25	49.37	-	-	55.75	94.97	43.42	-	-	-	-	-	-	-	-
Dividend per Share	2.500	-	5.000	-	-	5.000	-	-	-	-	-	5.000	-	-	-	-	15.00	-	-	-	-	-	-	-	-	-
Announcement Date	31/10/19	11/05/20	30/10/20	14/05/21	29/10/21	29/10/21	31/01/22	13/05/22	13/05/22	29/07/22	31/10/22	31/10/22	31/01/23	15/05/23	15/05/23	14/08/23	14/11/23	14/02/24	15/05/24	15/05/24	-	-	-	-	-	-

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	2,240	2,988	6,049	3,897	5,067	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	719	1,533	2,867	-1,765	-	3,945	4,007	5,069
ROE (net income / shareholders' equity)	27.4%	33.1%	20.1%	31%	27.6%	31%	-	-
ROA (Net income/ Total Assets)	22%	27.9%	16.2%	18.9%	23.9%	27.1%	-	-
Assets ¹	4,552	5,323	6,918	11,389	10,307	13,046	-	-
Book Value Per Share ²	170.0	227.0	264.0	349.0	434.0	559.0	699.0	871.0
Cash Flow per Share	48.30	70.60	54.40	99.60	114.0	162.0	-	-
Capex ¹	133	67	61	246	691	145	200	200
Capex / Sales	1.1%	0.43%	0.32%	1.06%	2.2%	0.48%	0.59%	0.53%
Announcement Date	10/05/19	11/05/20	14/05/21	13/05/22	15/05/23	15/05/24	-	-

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 gremz,Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2,527 JPY

Average target price

5,000 JPY

Spread / Average Target

+97.86%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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CECEP ENVIRONMENTAL PROTECTION CO., LTD.	-17.77%	2.6B

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