Financials Sanwayuka Industry Corporation

Equities

4125

JP3345520005

Commodity Chemicals

Market Closed - Japan Exchange Other stock markets 07:00:00 16/05/2024 BST			5-day change	1st Jan Change
2,347 ^JPY	-1.39%		-1.68%	-18.22%

2023	Sanwayuka Industry Corporation Reports Earnings Results for the Full Year Ended March 31, 2023	CI
2022	Certain Common Stock of Sanwayuka Industry Corporation are subject to a Lock-Up Agreement Ending on 20-JUN-2022.	CI

Valuation

Fiscal Period: March	2022	2023	2024	2025	2026
Capitalization ¹	17,272	14,163	10,134	-	-
Enterprise Value (EV) ¹	22,017	17,763	10,877	10,134	10,134
P/E ratio	11.6 x	10.7 x	10.4 x	9.38 x	7.51 x
Yield	0.75%	1.1%	1.59%	1.56%	1.62%
Capitalization / Revenue	1.11 x	0.82 x	0.7 x	0.62 x	0.57 x
EV / Revenue	1.11 x	0.82 x	0.7 x	0.62 x	0.57 x
EV / EBITDA	6.94 x	4.91 x	3.69 x	3.25 x	2.97 x
EV / FCF	-30.2 x	19.1 x	21.7 x	23 x	24.7 x
FCF Yield	-3.31%	5.24%	4.6%	4.34%	4.06%
Price to Book	1.77 x	1.29 x	0.9 x	0.77 x	0.69 x
Nbr of stocks (in thousands)	4,318	4,318	4,318	-	-
Reference price ²	4,000	3,280	2,347	2,347	2,347
Announcement Date	13/05/22	12/05/23	14/05/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2021	2022	2023	2024	2025	2026
Net sales ¹	-	15,537	17,367	15,633	16,340	17,925
EBITDA ¹	-	2,490	2,882	2,750	3,120	3,410
EBIT ¹	-	1,629	1,885	1,279	1,520	1,900
Operating Margin	-	10.48%	10.85%	8.18%	9.3%	10.6%
Earnings before Tax (EBT) ¹	-	1,841	1,933	1,510	1,675	1,945
Net income ¹	727	1,259	1,325	1,041	1,080	1,350
Net margin	-	8.1%	7.63%	6.66%	6.61%	7.53%
EPS ²	216.3	344.6	306.9	241.3	250.1	312.6
Free Cash Flow ¹	-	-571.4	741.5	466	440	411
FCF margin	-	-3.68%	4.27%	2.98%	2.69%	2.29%
FCF Conversion (EBITDA)	-	-	25.73%	16.95%	14.1%	12.05%
FCF Conversion (Net income)	-	-	55.96%	56.14%	40.74%	30.44%
Dividend per Share ²	-	30.00	36.00	40.00	36.67	38.00
Announcement Date	18/11/21	13/05/22	12/05/23	14/05/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2022 S1	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	-	4,292	8,292	4,461	4,543	9,004	4,348	4,015	8,363	4,091	3,920	8,011	3,938	3,684	7,622
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-	434	763	547	446	993	443	449	892	414	355	769	302	208	510
Operating Margin	-	10.11%	9.2%	12.26%	9.82%	11.03%	10.19%	11.18%	10.67%	10.12%	9.06%	9.6%	7.67%	5.65%	6.69%
Earnings before Tax (EBT) ¹	-	669	978	561	460	1,021	455	457	912	423	364	787	322	401	723
Net income ¹	-	526	693	337	314	651	313	361	674	266	261	527	225	289	514
Net margin	-	12.26%	8.36%	7.55%	6.91%	7.23%	7.2%	8.99%	8.06%	6.5%	6.66%	6.58%	5.71%	7.84%	6.74%
EPS	-	-	-	78.26	-	151.0	72.35	-	-	61.64	-	122.2	52.16	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	18/11/21	13/05/22	13/05/22	08/08/22	11/11/22	11/11/22	13/02/23	12/05/23	12/05/23	09/08/23	10/11/23	10/11/23	13/02/24	14/05/24	14/05/24

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: March	2021	2022	2023	2024	2025	2026
Net Debt	-	4,745	3,600	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	1.905 x	1.249 x	-	-	-
Free Cash Flow ¹	-	-571	741	466	440	411
ROE (net income / shareholders' equity)	-	16.4%	12.8%	9%	-	-
ROA (Net income/ Total Assets)	-	-	9.17%	6.48%	-	-
Assets ¹	-	-	14,449	16,060	-	-
Book Value Per Share ²	-	2,262	2,547	2,789	3,058	3,391
Cash Flow per Share	-	580.0	538.0	482.0	-	-
Capex ¹	-	1,901	1,948	2,000	2,000	2,000
Capex / Sales	-	12.23%	11.22%	12.78%	12.24%	11.16%
Announcement Date	18/11/21	13/05/22	12/05/23	14/05/24	-	-

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

Ratings for Sanwayuka Industry Corporation

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2,347 JPY

Average target price

4,000 JPY

Spread / Average Target

+70.43%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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