Financials Meito Sangyo Co., Ltd.

Equities

2207

JP3920200007

Food Processing

Market Closed - Japan Exchange 07:00:00 30/04/2024 BST 5-day change 1st Jan Change
1,772 JPY +0.80% Intraday chart for Meito Sangyo Co., Ltd. +1.37% +4.48%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 26,848 25,715 22,622 25,527 26,861 27,911
Enterprise Value (EV) 1 28,007 36,887 30,957 32,009 27,759 31,369
P/E ratio 40.4 x 45.9 x 37.2 x 25 x 14.8 x 39.9 x
Yield 1.26% 1.31% 1.49% 1.32% 1.51% 1.57%
Capitalization / Revenue 1.14 x 1.09 x 0.98 x 1.06 x 1.27 x 1.23 x
EV / Revenue 1.19 x 1.56 x 1.35 x 1.32 x 1.31 x 1.38 x
EV / EBITDA 13.1 x 18 x 18.9 x 13.1 x 11.2 x 18.5 x
EV / FCF -47.4 x -3 x 26.7 x 19.6 x 14.7 x -10.4 x
FCF Yield -2.11% -33.3% 3.74% 5.11% 6.79% -9.62%
Price to Book 0.61 x 0.58 x 0.55 x 0.55 x 0.6 x 0.63 x
Nbr of stocks (in thousands) 16,896 16,895 16,895 16,894 16,894 16,905
Reference price 2 1,589 1,522 1,339 1,511 1,590 1,651
Announcement Date 27/06/18 27/06/19 29/06/20 28/06/21 29/06/22 28/06/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 23,565 23,681 22,995 24,180 21,136 22,727
EBITDA 1 2,145 2,051 1,640 2,438 2,482 1,700
EBIT 1 928 209 -628 403 350 96
Operating Margin 3.94% 0.88% -2.73% 1.67% 1.66% 0.42%
Earnings before Tax (EBT) 1 1,014 692 770 1,373 2,609 1,026
Net income 1 664 560 608 1,023 1,816 700
Net margin 2.82% 2.36% 2.64% 4.23% 8.59% 3.08%
EPS 2 39.30 33.15 35.99 60.55 107.5 41.42
Free Cash Flow 1 -591.1 -12,282 1,158 1,634 1,886 -3,018
FCF margin -2.51% -51.87% 5.04% 6.76% 8.92% -13.28%
FCF Conversion (EBITDA) - - 70.62% 67.04% 75.98% -
FCF Conversion (Net income) - - 190.48% 159.76% 103.84% -
Dividend per Share 2 20.00 20.00 20.00 20.00 24.00 26.00
Announcement Date 27/06/18 27/06/19 29/06/20 28/06/21 29/06/22 28/06/23
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 10,440 10,962 9,741 5,969 4,991 10,278 6,271 5,375 11,290 6,946
EBITDA - - - - - - - - - -
EBIT 1 -508 28 125 106 101 65 -72 -175 -58 316
Operating Margin -4.87% 0.26% 1.28% 1.78% 2.02% 0.63% -1.15% -3.26% -0.51% 4.55%
Earnings before Tax (EBT) 1 2 788 6,354 400 529 538 249 547 674 704
Net income 1 68 591 4,410 306 369 398 185 371 468 489
Net margin 0.65% 5.39% 45.27% 5.13% 7.39% 3.87% 2.95% 6.9% 4.15% 7.04%
EPS 2 4.080 34.98 261.0 18.13 21.87 23.60 10.94 21.99 27.69 28.95
Dividend per Share - - 12.00 - - 13.00 - - 13.00 -
Announcement Date 08/11/19 06/11/20 05/11/21 10/02/22 05/08/22 07/11/22 10/02/23 08/08/23 10/11/23 09/02/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 1,159 11,172 8,335 6,482 898 3,458
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.5403 x 5.447 x 5.082 x 2.659 x 0.3618 x 2.034 x
Free Cash Flow 1 -591 -12,282 1,158 1,634 1,886 -3,018
ROE (net income / shareholders' equity) 1.56% 1.27% 1.43% 2.34% 3.99% 1.57%
ROA (Net income/ Total Assets) 0.9% 0.19% -0.56% 0.36% 0.3% 0.09%
Assets 1 73,484 299,946 -107,706 286,555 602,122 823,529
Book Value Per Share 2 2,605 2,602 2,443 2,739 2,647 2,640
Cash Flow per Share 2 273.0 154.0 192.0 263.0 289.0 251.0
Capex 1 4,960 10,062 2,111 1,294 1,246 2,690
Capex / Sales 21.05% 42.49% 9.18% 5.35% 5.9% 11.84%
Announcement Date 27/06/18 27/06/19 29/06/20 28/06/21 29/06/22 28/06/23
1JPY in Million2JPY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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