Financials Sakata INX Corporation

Equities

4633

JP3314800008

Specialty Chemicals

Delayed Japan Exchange Other stock markets 07:00:00 28/06/2024 BST			5-day change	1st Jan Change
1,804 ^JPY	+1.18%		+2.44%	+32.84%

05-14	Sakata INX Corporation announces an Equity Buyback for 750,000 shares, representing 1.49% for ¥1,000 million.	CI
05-14	Sakata INX Corporation authorizes a Buyback Plan.	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	69,378	67,649	58,086	52,531	67,961	89,278	-	-
Enterprise Value (EV) ¹	76,238	72,950	63,180	67,664	76,849	100,006	96,960	92,787
P/E ratio	16.9 x	12.8 x	11.8 x	12.3 x	9.1 x	8.37 x	7.21 x	6.43 x
Yield	2.53%	2.59%	3.02%	2.86%	2.58%	2.52%	3.08%	3.65%
Capitalization / Revenue	0.41 x	0.42 x	0.32 x	0.24 x	0.3 x	0.37 x	0.35 x	0.34 x
EV / Revenue	0.46 x	0.45 x	0.35 x	0.31 x	0.34 x	0.41 x	0.38 x	0.36 x
EV / EBITDA	-	-	-	-	-	4.67 x	4.27 x	3.88 x
EV / FCF	15.4 x	12 x	27.7 x	529 x	6.92 x	22.5 x	11.1 x	9.24 x
FCF Yield	6.48%	8.35%	3.61%	0.19%	14.4%	4.44%	8.99%	10.8%
Price to Book	0.9 x	0.89 x	0.67 x	0.61 x	0.69 x	0.82 x	0.75 x	0.67 x
Nbr of stocks (in thousands)	58,399	58,419	58,437	50,029	50,045	50,072	-	-
Reference price ²	1,188	1,158	994.0	1,050	1,358	1,783	1,783	1,783
Announcement Date	14/02/20	12/02/21	14/02/22	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	167,237	161,507	181,487	215,531	228,311	244,500	252,700	260,150
EBITDA ¹	-	-	-	-	-	21,418	22,718	23,918
EBIT ¹	6,225	7,212	7,414	4,125	11,398	14,550	16,250	17,550
Operating Margin	3.72%	4.47%	4.09%	1.91%	4.99%	5.95%	6.43%	6.75%
Earnings before Tax (EBT) ¹	7,181	7,755	7,784	6,284	11,111	15,100	16,800	18,100
Net income ¹	4,114	5,275	4,933	4,555	7,466	10,400	11,600	12,450
Net margin	2.46%	3.27%	2.72%	2.11%	3.27%	4.25%	4.59%	4.79%
EPS ²	70.46	90.32	84.43	85.52	149.2	213.0	247.2	277.4
Free Cash Flow ¹	4,942	6,090	2,280	128	11,103	4,436	8,716	10,039
FCF margin	2.96%	3.77%	1.26%	0.06%	4.86%	1.81%	3.45%	3.86%
FCF Conversion (EBITDA)	-	-	-	-	-	20.71%	38.36%	41.97%
FCF Conversion (Net income)	120.13%	115.45%	46.22%	2.81%	148.71%	42.65%	75.13%	80.63%
Dividend per Share ²	30.00	30.00	30.00	30.00	35.00	45.00	55.00	65.00
Announcement Date	14/02/20	12/02/21	14/02/22	14/02/23	14/02/24	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2019 S2	2020 S1	2020 S2	2021 S1	2021 Q4	2021 S2	2022 Q1	2022 Q2	2022 S1	2022 Q3	2022 Q4	2022 S2	2023 Q1	2023 Q2	2023 S1	2023 Q3	2023 Q4	2023 S2	2024 Q1	2024 Q2	2024 S1	2024 Q3	2024 Q4	2024 S2
Net sales ¹	84,070	79,472	82,035	88,676	47,850	92,811	49,008	54,525	103,533	56,316	55,682	111,998	54,214	55,937	110,151	58,483	59,677	118,160	59,152	59,974	118,300	61,400	64,050	125,700
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	3,174	3,181	4,031	5,045	1,158	2,369	1,495	533	2,028	1,242	855	2,097	2,428	2,617	5,045	3,480	2,873	6,353	3,926	3,012	6,450	3,675	3,950	7,250
Operating Margin	3.78%	4%	4.91%	5.69%	2.42%	2.55%	3.05%	0.98%	1.96%	2.21%	1.54%	1.87%	4.48%	4.68%	4.58%	5.95%	4.81%	5.38%	6.64%	5.02%	5.45%	5.99%	6.17%	5.77%
Earnings before Tax (EBT)	-	2,522	-	5,901	-	-	2,252	-	3,945	1,162	-	-	3,094	-	6,147	4,104	-	-	4,059	-	-	-	-	-
Net income	-	1,497	-	4,039	-	-	1,392	1,008	2,400	690	-	-	2,015	-	3,812	2,825	-	-	2,730	-	-	-	-	-
Net margin	-	1.88%	-	4.55%	-	-	2.84%	1.85%	2.32%	1.23%	-	-	3.72%	-	3.46%	4.83%	-	-	4.62%	-	-	-	-	-
EPS	-	25.65	-	69.14	-	-	23.83	19.01	42.84	14.14	-	-	40.28	-	76.20	56.45	-	-	54.57	-	-	-	-	-
Dividend per Share	-	15.00	-	15.00	-	-	-	-	15.00	-	-	-	-	-	15.00	-	-	-	-	-	-	-	-	-
Announcement Date	14/02/20	07/08/20	12/02/21	11/08/21	14/02/22	14/02/22	13/05/22	10/08/22	10/08/22	11/11/22	14/02/23	14/02/23	12/05/23	10/08/23	10/08/23	10/11/23	14/02/24	14/02/24	14/05/24	-	-	-	-	-

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	6,860	5,301	5,094	15,133	8,888	10,728	7,682	3,509
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	0.5009 x	0.3381 x	0.1467 x
Free Cash Flow ¹	4,942	6,090	2,280	128	11,103	4,436	8,716	10,039
ROE (net income / shareholders' equity)	5.5%	6.9%	6.1%	5.3%	8.1%	10.2%	10.8%	11%
ROA (Net income/ Total Assets)	4.98%	5.31%	5.45%	2.88%	7.34%	-	-	-
Assets ¹	82,670	99,406	90,521	158,063	101,714	-	-	-
Book Value Per Share ²	1,313	1,307	1,478	1,724	1,974	2,167	2,390	2,646
Cash Flow per Share	145.0	165.0	158.0	176.0	246.0	-	-	-
Capex ¹	4,877	4,509	5,276	6,131	6,510	8,500	7,750	7,750
Capex / Sales	2.92%	2.79%	2.91%	2.84%	2.85%	3.48%	3.07%	2.98%
Announcement Date	14/02/20	12/02/21	14/02/22	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

Ratings for Sakata INX Corporation

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1,783 JPY

Average target price

2,550 JPY

Spread / Average Target

+43.02%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Coloring Agent

	1st Jan change	Capi.
SAKATA INX CORPORATION	+32.84%	556M
ZHEJIANG LONGSHENG GROUP CO.,LTD	+2.98%	3.76B
DIC CORPORATION	+10.08%	1.8B
ARTIENCE CO., LTD.	+27.81%	1.1B
ZHEJIANG RUNTU CO., LTD.	-9.02%	858M
SUDARSHAN CHEMICAL INDUSTRIES LIMITED	+61.99%	747M
SHANGHAI ANOKY GROUP CO., LTD	+31.51%	650M
ANSHAN HIFICHEM CO., LTD.	+4.75%	581M
HG TECHNOLOGIES CO., LTD.	-18.53%	577M
VALHI, INC.	+12.38%	483M

Coloring Agent