Financials Nippon Beet Sugar Manufacturing Co.,Ltd.

Equities

2108

JP3732600006

Food Processing

Market Closed - Japan Exchange 07:00:00 16/07/2024 BST 5-day change 1st Jan Change
2,633 JPY -1.86% Intraday chart for Nippon Beet Sugar Manufacturing Co.,Ltd. +6.86% +34.75%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Capitalization 1 27,165 24,410 22,993 22,581 22,301 26,856
Enterprise Value (EV) 1 27,647 25,008 27,507 25,310 30,468 24,952
P/E ratio 20.5 x 18.2 x 14.2 x 11.4 x 17.8 x 15 x
Yield 2.61% 2.91% 3.05% 3.1% 2.99% -
Capitalization / Revenue 0.47 x 0.43 x 0.42 x 0.39 x 0.34 x 0.39 x
EV / Revenue 0.48 x 0.44 x 0.5 x 0.43 x 0.47 x 0.36 x
EV / EBITDA 6.76 x 6.32 x 6.46 x 5.46 x 7.83 x 7.06 x
EV / FCF 89.8 x 545 x -8.19 x 65.8 x -7.38 x 2.82 x
FCF Yield 1.11% 0.18% -12.2% 1.52% -13.5% 35.5%
Price to Book 0.39 x 0.36 x 0.34 x 0.32 x 0.33 x 0.37 x
Nbr of stocks (in thousands) 14,193 14,200 14,012 14,017 13,354 12,924
Reference price 2 1,914 1,719 1,641 1,611 1,670 2,078
Announcement Date 27/06/19 26/06/20 29/06/21 28/06/22 29/06/23 27/06/24
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Net sales 1 57,997 57,021 54,792 58,492 65,013 69,297
EBITDA 1 4,090 3,954 4,261 4,639 3,890 3,536
EBIT 1 1,578 1,615 1,891 2,230 1,508 912
Operating Margin 2.72% 2.83% 3.45% 3.81% 2.32% 1.32%
Earnings before Tax (EBT) 1 1,954 1,997 2,305 3,087 1,907 2,632
Net income 1 1,324 1,340 1,642 1,975 1,260 1,811
Net margin 2.28% 2.35% 3% 3.38% 1.94% 2.61%
EPS 2 93.33 94.38 115.9 141.8 93.56 138.4
Free Cash Flow 1 307.8 45.88 -3,359 384.6 -4,126 8,852
FCF margin 0.53% 0.08% -6.13% 0.66% -6.35% 12.77%
FCF Conversion (EBITDA) 7.52% 1.16% - 8.29% - 250.33%
FCF Conversion (Net income) 23.24% 3.42% - 19.47% - 488.77%
Dividend per Share 2 50.00 50.00 50.00 50.00 50.00 -
Announcement Date 27/06/19 26/06/20 29/06/21 28/06/22 29/06/23 27/06/24
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 S1 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3 2024 Q1 2024 S1 2024 Q3
Net sales 1 24,862 26,197 15,657 15,366 30,501 17,442 16,455 32,408 19,015
EBITDA - - - - - - - - -
EBIT 1 866 1,600 -366 502 1,172 -738 -318 1,229 -880
Operating Margin 3.48% 6.11% -2.34% 3.27% 3.84% -4.23% -1.93% 3.79% -4.63%
Earnings before Tax (EBT) 1 1,048 1,197 -150 731 1,387 -509 234 1,792 -578
Net income 1 715 652 -132 492 981 -390 118 1,246 -461
Net margin 2.88% 2.49% -0.84% 3.2% 3.22% -2.24% 0.72% 3.84% -2.42%
EPS 2 50.40 46.59 -9.450 36.52 72.75 -28.92 8.910 94.30 -34.54
Dividend per Share - - - - - - - - -
Announcement Date 10/11/20 09/11/21 09/02/22 10/08/22 08/11/22 10/02/23 10/08/23 10/11/23 14/02/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Net Debt 1 482 598 4,514 2,729 8,167 -
Net Cash position 1 - - - - - 1,904
Leverage (Debt/EBITDA) 0.1178 x 0.1512 x 1.059 x 0.5883 x 2.099 x -
Free Cash Flow 1 308 45.9 -3,359 385 -4,126 8,852
ROE (net income / shareholders' equity) 1.92% 1.96% 2.43% 2.9% 1.85% 2.57%
ROA (Net income/ Total Assets) 1% 1.04% 1.22% 1.41% 0.93% 0.55%
Assets 1 132,519 129,244 134,623 140,190 136,099 327,546
Book Value Per Share 2 4,893 4,715 4,886 5,037 5,102 5,647
Cash Flow per Share 2 316.0 380.0 277.0 457.0 344.0 456.0
Capex 1 2,398 2,749 2,625 2,100 2,678 4,129
Capex / Sales 4.13% 4.82% 4.79% 3.59% 4.12% 5.96%
Announcement Date 27/06/19 26/06/20 29/06/21 28/06/22 29/06/23 27/06/24
1JPY in Million2JPY
Estimates
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