Financials Maruha Nichiro Corporation

Equities

1333

JP3876600002

Fishing & Farming

Market Closed - Japan Exchange 07:00:00 26/04/2024 BST 5-day change 1st Jan Change
3,075 JPY +0.10% Intraday chart for Maruha Nichiro Corporation +3.59% +10.77%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 178,944 208,401 118,827 138,135 126,132 119,818
Enterprise Value (EV) 1 428,506 459,676 358,759 366,393 351,783 387,277
P/E ratio 11.1 x 12.5 x 9.48 x 23.9 x 7.46 x 6.53 x
Yield 1.18% 1.01% 1.77% 1.52% 2.29% 2.74%
Capitalization / Revenue 0.19 x 0.23 x 0.13 x 0.16 x 0.15 x 0.12 x
EV / Revenue 0.47 x 0.5 x 0.4 x 0.42 x 0.41 x 0.38 x
EV / EBITDA 10.6 x 12.2 x 10.6 x 11 x 8.46 x 8.45 x
EV / FCF 551 x -384 x 42.1 x 23.8 x -44.2 x -8.11 x
FCF Yield 0.18% -0.26% 2.38% 4.2% -2.26% -12.3%
Price to Book 1.55 x 1.66 x 0.9 x 0.97 x 0.79 x 0.67 x
Nbr of stocks (in thousands) 52,631 52,627 52,625 52,623 52,621 50,450
Reference price 2 3,400 3,960 2,258 2,625 2,397 2,375
Announcement Date 27/06/18 26/06/19 25/06/20 24/06/21 28/06/22 27/06/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 918,820 922,468 905,204 862,585 866,702 1,020,456
EBITDA 1 40,368 37,695 33,719 33,377 41,570 45,829
EBIT 1 24,498 21,759 17,080 16,209 23,820 29,134
Operating Margin 2.67% 2.36% 1.89% 1.88% 2.75% 2.85%
Earnings before Tax (EBT) 1 26,710 26,545 21,065 10,560 27,517 31,544
Net income 1 16,102 16,695 12,537 5,778 16,898 18,596
Net margin 1.75% 1.81% 1.38% 0.67% 1.95% 1.82%
EPS 2 305.9 317.2 238.2 109.8 321.1 363.7
Free Cash Flow 1 777.1 -1,196 8,521 15,406 -7,964 -47,730
FCF margin 0.08% -0.13% 0.94% 1.79% -0.92% -4.68%
FCF Conversion (EBITDA) 1.93% - 25.27% 46.16% - -
FCF Conversion (Net income) 4.83% - 67.97% 266.64% - -
Dividend per Share 2 40.00 40.00 40.00 40.00 55.00 65.00
Announcement Date 27/06/18 26/06/19 25/06/20 24/06/21 28/06/22 27/06/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2021 S1 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3 2024 Q1 2024 S1 2024 Q3
Net sales 1 447,007 415,776 412,220 249,002 232,618 485,241 295,779 250,922 507,356 279,990
EBITDA - - - - - - - - - -
EBIT 1 9,896 10,390 12,460 9,913 7,869 15,933 11,014 7,685 16,757 8,601
Operating Margin 2.21% 2.5% 3.02% 3.98% 3.38% 3.28% 3.72% 3.06% 3.3% 3.07%
Earnings before Tax (EBT) 1 13,539 7,744 13,484 10,624 12,229 21,183 9,327 10,688 17,870 17,743
Net income 1 8,114 3,654 9,447 6,724 7,675 13,129 5,374 6,652 10,894 11,540
Net margin 1.82% 0.88% 2.29% 2.7% 3.3% 2.71% 1.82% 2.65% 2.15% 4.12%
EPS 2 154.2 69.45 179.5 127.8 146.3 253.6 106.7 131.9 215.9 228.9
Dividend per Share - - - - - - - - 35.00 -
Announcement Date 05/11/19 02/11/20 08/11/21 07/02/22 08/08/22 07/11/22 06/02/23 07/08/23 06/11/23 05/02/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 249,562 251,275 239,932 228,258 225,651 267,459
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 6.182 x 6.666 x 7.116 x 6.839 x 5.428 x 5.836 x
Free Cash Flow 1 777 -1,196 8,521 15,407 -7,964 -47,730
ROE (net income / shareholders' equity) 14.8% 13% 9.55% 5.47% 11.5% 12.2%
ROA (Net income/ Total Assets) 3.01% 2.62% 2.04% 1.91% 2.75% 3.07%
Assets 1 535,377 636,631 615,645 302,513 613,692 605,536
Book Value Per Share 2 2,194 2,382 2,520 2,714 3,044 3,534
Cash Flow per Share 2 313.0 231.0 414.0 600.0 474.0 668.0
Capex 1 19,864 17,425 24,132 22,771 14,818 20,359
Capex / Sales 2.16% 1.89% 2.67% 2.64% 1.71% 2%
Announcement Date 27/06/18 26/06/19 25/06/20 24/06/21 28/06/22 27/06/23
1JPY in Million2JPY
Estimates
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