PIOLAX, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,333 JPY | +0.34% |
|
+2.28% | +0.13% |
| 2023 | PIOLAX, Inc. Reports Earnings Results for the Full Year Ended March 31, 2023 | CI |
| 2022 | Tranche Update on PIOLAX, Inc.'s Equity Buyback Plan announced on November 9, 2021. | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 76,250 | 53,028 | 56,736 | 52,899 | 65,703 | 79,149 | - | - |
| Enterprise Value (EV) 1 | 43,839 | 19,650 | 19,843 | 15,263 | 27,143 | 55,445 | 60,282 | 66,872 |
| P/E ratio | 10.3 x | 10.3 x | 14.3 x | 12.8 x | 19.5 x | 23 x | 18.4 x | 14.1 x |
| Yield | 2.11% | 2.96% | 2.15% | 2.9% | 5.18% | 4.71% | 5.46% | 7.12% |
| Capitalization / Revenue | 1.12 x | 0.85 x | 1.13 x | 0.96 x | 1.12 x | 1.43 x | 1.21 x | 1.16 x |
| EV / Revenue | 0.64 x | 0.31 x | 0.4 x | 0.28 x | 0.46 x | 0.86 x | 0.92 x | 0.98 x |
| EV / EBITDA | 3.32 x | 1.84 x | 2.62 x | 1.79 x | 3.6 x | 6.43 x | 6.62 x | 5.97 x |
| EV / FCF | 8.41 x | 8.22 x | 4.18 x | 5.92 x | 25.4 x | -267 x | 52.8 x | -145 x |
| FCF Yield | 11.9% | 12.2% | 23.9% | 16.9% | 3.93% | -0.38% | 1.89% | -0.69% |
| Price to Book | 0.86 x | 0.59 x | 0.61 x | 0.55 x | 0.64 x | 0.87 x | - | - |
| Nbr of stocks (in thousands) | 35,815 | 34,909 | 34,914 | 34,040 | 34,043 | 34,043 | - | - |
| Reference price 2 | 2,129 | 1,519 | 1,625 | 1,554 | 1,930 | 2,325 | 2,325 | 2,325 |
| Announcement Date | 09/05/19 | 06/07/20 | 11/05/21 | 12/05/22 | 12/05/23 | 10/05/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 68,298 | 62,480 | 50,152 | 55,144 | 58,422 | 64,551 | 65,500 | 68,250 |
| EBITDA 1 | 13,212 | 10,671 | 7,583 | 8,507 | 7,535 | 8,627 | 9,100 | 11,200 |
| EBIT 1 | 9,312 | 6,753 | 4,018 | 5,216 | 3,949 | 4,756 | 4,800 | 6,250 |
| Operating Margin | 13.63% | 10.81% | 8.01% | 9.46% | 6.76% | 7.37% | 7.33% | 9.16% |
| Earnings before Tax (EBT) 1 | 10,169 | 7,068 | 5,446 | 5,594 | 4,756 | 5,582 | - | 8,600 |
| Net income 1 | 7,421 | 5,231 | 3,962 | 4,224 | 3,375 | 4,013 | 4,200 | 5,500 |
| Net margin | 10.87% | 8.37% | 7.9% | 7.66% | 5.78% | 6.22% | 6.41% | 8.06% |
| EPS 2 | 207.2 | 147.3 | 113.5 | 121.7 | 99.15 | 117.9 | 126.1 | 164.8 |
| Free Cash Flow 1 | 5,214 | 2,391 | 4,751 | 2,580 | 1,067 | -208 | 1,141 | -462 |
| FCF margin | 7.63% | 3.83% | 9.47% | 4.68% | 1.83% | -0.32% | 1.74% | -0.68% |
| FCF Conversion (EBITDA) | 39.46% | 22.41% | 62.65% | 30.33% | 14.16% | - | 12.54% | - |
| FCF Conversion (Net income) | 70.26% | 45.71% | 119.91% | 61.08% | 31.61% | - | 27.17% | - |
| Dividend per Share 2 | 45.00 | 45.00 | 35.00 | 45.00 | 100.0 | 128.0 | 127.0 | 165.5 |
| Announcement Date | 09/05/19 | 06/07/20 | 11/05/21 | 12/05/22 | 12/05/23 | 10/05/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 S1 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 31,934 | 20,384 | 28,003 | 13,541 | 13,911 | 13,796 | 27,707 | 15,926 | - | 15,100 | 30,966 | 17,206 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 3,644 | -3 | 2,996 | 1,101 | 1,236 | 415 | 1,651 | 1,550 | 748 | 901 | 1,881 | 1,793 |
| Operating Margin | 11.41% | -0.01% | 10.7% | 8.13% | 8.89% | 3.01% | 5.96% | 9.73% | - | 5.97% | 6.07% | 10.42% |
| Earnings before Tax (EBT) 1 | 3,992 | 700 | 3,339 | 1,306 | 1,423 | - | 2,028 | 1,875 | - | 1,089 | 2,354 | 2,478 |
| Net income 1 | 3,129 | 483 | 2,525 | 1,108 | 1,063 | - | 1,439 | 1,429 | - | 999 | 1,980 | 1,923 |
| Net margin | 9.8% | 2.37% | 9.02% | 8.18% | 7.64% | - | 5.19% | 8.97% | - | 6.62% | 6.39% | 11.18% |
| EPS 2 | 87.36 | 13.85 | 72.34 | 31.89 | 31.23 | - | 42.29 | 41.98 | - | 29.35 | 58.18 | 56.49 |
| Dividend per Share | 22.50 | 10.00 | 22.50 | - | - | - | 43.00 | - | - | - | 69.00 | - |
| Announcement Date | 06/11/19 | 09/11/20 | 09/11/21 | 09/02/22 | 09/08/22 | 09/11/22 | 09/11/22 | 09/02/23 | 12/05/23 | 08/08/23 | 08/11/23 | 07/02/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 32,411 | 33,378 | 36,893 | 37,636 | 38,560 | 36,981 | 18,867 | 12,277 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 5,214 | 2,391 | 4,751 | 2,580 | 1,067 | -208 | 1,141 | -462 |
| ROE (net income / shareholders' equity) | 8.5% | 5.8% | 4.3% | 4.5% | 3.4% | 3.8% | 4.5% | 5.9% |
| ROA (Net income/ Total Assets) | 10.2% | 7.25% | 5.24% | 5.35% | 4.32% | 4.77% | 5.8% | 7.6% |
| Assets 1 | 72,518 | 72,110 | 75,590 | 78,880 | 78,042 | 84,122 | 72,414 | 72,368 |
| Book Value Per Share | 2,489 | 2,581 | 2,647 | 2,846 | 3,016 | 3,122 | - | - |
| Cash Flow per Share 2 | 316.0 | 258.0 | 216.0 | 217.0 | 204.0 | 232.0 | 254.0 | 303.0 |
| Capex 1 | 5,701 | 4,088 | 2,592 | 2,712 | 4,427 | 7,527 | 7,000 | 9,000 |
| Capex / Sales | 8.35% | 6.54% | 5.17% | 4.92% | 7.58% | 11.66% | 10.69% | 13.19% |
| Announcement Date | 09/05/19 | 06/07/20 | 11/05/21 | 12/05/22 | 12/05/23 | 10/05/24 | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
2,325
JPY
Average target price
2,430
JPY
Spread / Average Target
+4.52%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +0.13% | 495M | |
| +17.42% | 45.24B | |
| -18.23% | 19.96B | |
| +11.81% | 18.19B | |
| +23.38% | 16.2B | |
| +0.42% | 16.09B | |
| +89.95% | 15.66B | |
| +41.44% | 12.27B | |
| -27.27% | 11.98B | |
| -29.95% | 11.6B |
- Stock Market
- Equities
- 5988 Stock
- Financials PIOLAX, Inc.
