OTSUKA HOLDINGS CO., LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6,382 JPY | -2.73% |
|
+0.66% | +20.67% |
| 04-30 | Otsuka Holdings' Attributable Profit Jumps 26% in Q1 | MT |
| 04-29 | Otsuka Holdings 2.32 Billion Yen Worth of Shares As Stock Compensation | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,647,912 | 2,396,050 | 2,261,269 | 2,336,038 | 2,870,266 | 3,462,491 | - | - |
| Enterprise Value (EV) 1 | 2,500,398 | 2,220,358 | 1,986,216 | 2,058,563 | 2,495,550 | 2,966,118 | 2,827,541 | 2,687,549 |
| P/E ratio | 20.8 x | 16.2 x | 18 x | 17.4 x | 23.6 x | 13.5 x | 14.5 x | 16.6 x |
| Yield | 2.05% | 2.26% | 2.4% | 2.32% | 2.08% | 1.89% | 1.95% | 2.05% |
| Capitalization / Revenue | 1.9 x | 1.68 x | 1.51 x | 1.34 x | 1.42 x | 1.6 x | 1.61 x | 1.62 x |
| EV / Revenue | 1.79 x | 1.56 x | 1.33 x | 1.18 x | 1.24 x | 1.37 x | 1.31 x | 1.26 x |
| EV / EBITDA | 9.91 x | 7.99 x | 8.3 x | 8.43 x | 10.5 x | 6.56 x | 6.62 x | 6.98 x |
| EV / FCF | 23.7 x | 20.2 x | 16.9 x | 15.8 x | 34.5 x | 8.6 x | 12.4 x | 13.1 x |
| FCF Yield | 4.22% | 4.96% | 5.91% | 6.33% | 2.89% | 11.6% | 8.06% | 7.62% |
| Price to Book | 1.5 x | 1.29 x | 1.12 x | 1.05 x | 1.2 x | 1.34 x | 1.26 x | 1.2 x |
| Nbr of stocks (in thousands) | 542,272 | 542,338 | 542,401 | 542,634 | 542,686 | 542,540 | - | - |
| Reference price 2 | 4,883 | 4,418 | 4,169 | 4,305 | 5,289 | 6,382 | 6,382 | 6,382 |
| Announcement Date | 14/02/20 | 12/02/21 | 10/02/22 | 14/02/23 | 14/02/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,396,200 | 1,422,826 | 1,498,276 | 1,737,998 | 2,018,568 | 2,168,206 | 2,152,743 | 2,138,695 |
| EBITDA 1 | 252,275 | 278,005 | 239,352 | 244,084 | 237,389 | 452,223 | 427,117 | 384,774 |
| EBIT 1 | 176,600 | 198,582 | 154,497 | 150,323 | 139,612 | 342,084 | 313,624 | 273,609 |
| Operating Margin | 12.65% | 13.96% | 10.31% | 8.65% | 6.92% | 15.78% | 14.57% | 12.79% |
| Earnings before Tax (EBT) 1 | 173,515 | 189,988 | 163,638 | 172,954 | 142,655 | 336,304 | 320,582 | 277,832 |
| Net income 1 | 127,200 | 148,137 | 125,463 | 134,019 | 121,616 | 254,478 | 233,233 | 204,651 |
| Net margin | 9.11% | 10.41% | 8.37% | 7.71% | 6.02% | 11.74% | 10.83% | 9.57% |
| EPS 2 | 234.6 | 273.2 | 231.3 | 247.0 | 224.1 | 472.2 | 439.8 | 383.3 |
| Free Cash Flow 1 | 105,501 | 110,042 | 117,409 | 130,273 | 72,244 | 345,000 | 228,003 | 204,825 |
| FCF margin | 7.56% | 7.73% | 7.84% | 7.5% | 3.58% | 15.91% | 10.59% | 9.58% |
| FCF Conversion (EBITDA) | 41.82% | 39.58% | 49.05% | 53.37% | 30.43% | 76.29% | 53.38% | 53.23% |
| FCF Conversion (Net income) | 82.94% | 74.28% | 93.58% | 97.2% | 59.4% | 135.57% | 97.76% | 100.08% |
| Dividend per Share 2 | 100.0 | 100.0 | 100.0 | 100.0 | 110.0 | 120.4 | 124.6 | 130.8 |
| Announcement Date | 14/02/20 | 12/02/21 | 10/02/22 | 14/02/23 | 14/02/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 725,069 | 695,443 | 718,815 | 388,602 | 390,859 | 380,308 | 433,999 | 814,307 | 451,812 | 471,879 | 448,344 | 499,193 | 947,537 | 531,543 | 539,488 | 519,517 | 536,229 | 985,594 | 570,922 | 564,696 | - |
| EBITDA 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -35,534 | 118,085 | 134,033 | - | 113,043 | 92,055 | - |
| EBIT 1 | 80,076 | 118,008 | 111,169 | 46,961 | 7,278 | 20,749 | 46,397 | 67,146 | 58,548 | 35,475 | 76,779 | 53,911 | 130,690 | 71,960 | -63,038 | 92,021 | 93,681 | 151,026 | 94,575 | 65,732 | - |
| Operating Margin | 11.04% | 16.97% | 15.47% | 12.08% | 1.86% | 5.46% | 10.69% | 8.25% | 12.96% | 7.52% | 17.13% | 10.8% | 13.79% | 13.54% | -11.68% | 17.71% | 17.47% | 15.32% | 16.57% | 11.64% | - |
| Earnings before Tax (EBT) 1 | 80,094 | 113,876 | 119,207 | 47,101 | -2,670 | 30,985 | 61,803 | 92,788 | 53,211 | 26,955 | 79,242 | 59,591 | 138,833 | 74,375 | -70,553 | 100,079 | 93,343 | 151,026 | 89,821 | 78,674 | - |
| Net income 1 | 59,437 | 86,810 | 91,407 | 35,241 | -1,185 | 23,255 | 46,498 | 69,753 | 41,277 | 22,989 | 61,430 | 41,164 | 102,594 | 59,119 | -40,097 | 77,377 | 71,012 | 116,044 | 69,997 | 54,738 | - |
| Net margin | 8.2% | 12.48% | 12.72% | 9.07% | -0.3% | 6.11% | 10.71% | 8.57% | 9.14% | 4.87% | 13.7% | 8.25% | 10.83% | 11.12% | -7.43% | 14.89% | 13.24% | 11.77% | 12.26% | 9.69% | - |
| EPS 2 | - | 160.1 | 168.5 | 64.97 | -2.180 | 42.87 | 85.71 | 128.6 | 76.00 | 42.43 | 113.2 | 75.86 | 189.1 | 108.9 | -73.89 | 142.6 | 124.7 | 211.9 | 137.2 | 97.71 | - |
| Dividend per Share 2 | - | 50.00 | 50.00 | - | 50.00 | - | 50.00 | 50.00 | - | 50.00 | - | 50.00 | 50.00 | - | 60.00 | - | 60.00 | - | - | 60.00 | - |
| Announcement Date | 14/02/20 | 07/08/20 | 06/08/21 | 12/11/21 | 10/02/22 | 13/05/22 | 29/07/22 | 29/07/22 | 31/10/22 | 14/02/23 | 12/05/23 | 31/07/23 | 31/07/23 | 31/10/23 | 14/02/24 | 30/04/24 | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 147,514 | 175,692 | 275,053 | 277,475 | 374,716 | 496,373 | 634,950 | 774,942 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 105,501 | 110,042 | 117,409 | 130,273 | 72,244 | 345,000 | 228,003 | 204,825 |
| ROE (net income / shareholders' equity) | 7.3% | 8.2% | 6.5% | 6.3% | 5.3% | 10.1% | 9.23% | 7.61% |
| ROA (Net income/ Total Assets) | 6.86% | 7.29% | 6.01% | 5.84% | 4.41% | 7.46% | 6.83% | 6.01% |
| Assets 1 | 1,853,933 | 2,030,821 | 2,088,798 | 2,295,058 | 2,755,321 | 3,412,062 | 3,412,714 | 3,402,774 |
| Book Value Per Share 2 | 3,257 | 3,416 | 3,708 | 4,101 | 4,411 | 4,766 | 5,061 | 5,299 |
| Cash Flow per Share 2 | 374.0 | 420.0 | 388.0 | 420.0 | 404.0 | 717.0 | 609.0 | 588.0 |
| Capex 1 | 87,133 | 122,797 | 111,455 | 139,319 | 210,988 | 125,220 | 107,020 | 111,275 |
| Capex / Sales | 6.24% | 8.63% | 7.44% | 8.02% | 10.45% | 5.78% | 4.97% | 5.2% |
| Announcement Date | 14/02/20 | 12/02/21 | 10/02/22 | 14/02/23 | 14/02/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
11
Last Close Price
6,382
JPY
Average target price
6,136
JPY
Spread / Average Target
-3.85%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +20.67% | 22.59B | |
| +20.61% | 43.18B | |
| +14.56% | 14.56B | |
| +13.94% | 13.54B | |
| +43.35% | 11.5B | |
| -8.37% | 6.93B | |
| -0.05% | 6.79B | |
| -8.87% | 5.73B | |
| +10.21% | 5.36B | |
| -2.27% | 4.81B |
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