SHIN-ETSU CHEMICAL CO., LTD. Financials Shin-Etsu Chemical Co., Ltd. Deutsche Boerse AG
Equities
SEH
JP3371200001
Diversified Chemicals
|
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 35.53 EUR | +1.81% |
|
+0.11% | -7.99% |
| 06-24 | Japan's Nikkei squeezes out gains in choppy session | RE |
| 06-21 | Shin-Etsu Chemical Launches Tender Offer for Mimasu Semiconductor | MT |
Valuation
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,461,143 | 7,731,342 | 7,805,404 | 8,621,051 | 13,137,294 | 11,963,355 | - | - |
| Enterprise Value (EV) 1 | 3,396,737 | 6,892,214 | 6,399,725 | 7,050,213 | 11,441,884 | 10,086,949 | 9,973,289 | 9,721,179 |
| P/E ratio | 14.2 x | 26.3 x | 15.6 x | 12.3 x | 25.4 x | 20.7 x | 17.7 x | 16.2 x |
| Yield | 2.05% | 1.34% | 2.13% | 2.34% | 1.52% | 1.94% | 2.17% | 2.52% |
| Capitalization / Revenue | 2.89 x | 5.16 x | 3.76 x | 3.07 x | 5.44 x | 4.6 x | 4.24 x | 4 x |
| EV / Revenue | 2.2 x | 4.6 x | 3.09 x | 2.51 x | 4.74 x | 3.87 x | 3.54 x | 3.25 x |
| EV / EBITDA | 6.32 x | 12.9 x | 7.57 x | 5.82 x | 12.3 x | 9.77 x | 8.44 x | 7.65 x |
| EV / FCF | 190 x | 40 x | 21.3 x | 11.7 x | 32.9 x | 16.8 x | 15.2 x | 15.3 x |
| FCF Yield | 0.53% | 2.5% | 4.68% | 8.53% | 3.04% | 5.95% | 6.6% | 6.56% |
| Price to Book | 1.68 x | 2.75 x | 2.35 x | 2.23 x | 3.09 x | 2.64 x | 2.45 x | 2.25 x |
| Nbr of stocks (in thousands) | 2,078,818 | 2,077,201 | 2,077,010 | 2,016,620 | 1,995,336 | 1,987,599 | - | - |
| Reference price 2 | 2,146 | 3,722 | 3,758 | 4,275 | 6,584 | 6,019 | 6,019 | 6,019 |
| Announcement Date | 28/04/20 | 28/04/21 | 27/04/22 | 27/04/23 | 25/04/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,543,525 | 1,496,906 | 2,074,428 | 2,808,824 | 2,414,937 | 2,603,466 | 2,821,207 | 2,988,120 |
| EBITDA 1 | 537,213 | 536,020 | 845,110 | 1,211,834 | 928,657 | 1,032,900 | 1,181,244 | 1,271,307 |
| EBIT 1 | 406,041 | 392,213 | 676,322 | 998,202 | 701,038 | 770,806 | 905,152 | 973,445 |
| Operating Margin | 26.31% | 26.2% | 32.6% | 35.54% | 29.03% | 29.61% | 32.08% | 32.58% |
| Earnings before Tax (EBT) 1 | 426,017 | 402,145 | 696,137 | 1,020,211 | 795,673 | 839,082 | 967,156 | 1,048,326 |
| Net income 1 | 314,027 | 293,732 | 500,117 | 708,238 | 520,140 | 581,220 | 670,895 | 727,987 |
| Net margin | 20.34% | 19.62% | 24.11% | 25.21% | 21.54% | 22.32% | 23.78% | 24.36% |
| EPS 2 | 151.0 | 141.4 | 240.8 | 347.8 | 259.4 | 291.4 | 340.9 | 371.4 |
| Free Cash Flow 1 | 17,837 | 172,375 | 299,805 | 601,525 | 348,297 | 599,757 | 658,212 | 637,240 |
| FCF margin | 1.16% | 11.52% | 14.45% | 21.42% | 14.42% | 23.04% | 23.33% | 21.33% |
| FCF Conversion (EBITDA) | 3.32% | 32.16% | 35.48% | 49.64% | 37.51% | 58.07% | 55.72% | 50.12% |
| FCF Conversion (Net income) | 5.68% | 58.68% | 59.95% | 84.93% | 66.96% | 103.19% | 98.11% | 87.53% |
| Dividend per Share 2 | 44.00 | 50.00 | 80.00 | 100.0 | 100.0 | 116.8 | 130.8 | 151.4 |
| Announcement Date | 28/04/20 | 28/04/21 | 27/04/22 | 27/04/23 | 25/04/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S2 | 2021 S1 | 2021 S2 | 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 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 | 2026 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 756,983 | 710,526 | 786,380 | 941,341 | 542,362 | 590,700 | 1,133,087 | 656,707 | 752,629 | 1,409,336 | 753,901 | 645,587 | 1,399,488 | 599,201 | 596,701 | 1,195,902 | 627,501 | 591,534 | 1,219,035 | 613,475 | 652,275 | 1,263,000 | 703,150 | 677,625 | 1,377,450 | 691,100 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 195,509 | 184,317 | 207,896 | 298,403 | 181,709 | 196,200 | 377,919 | 249,620 | 286,617 | 536,237 | 271,990 | 189,975 | 461,965 | 190,820 | 191,099 | 381,919 | 177,609 | 141,510 | 319,119 | 167,667 | 190,203 | 363,500 | 204,516 | 202,857 | 415,500 | 204,900 |
| Operating Margin | 25.83% | 25.94% | 26.44% | 31.7% | 33.5% | 33.21% | 33.35% | 38.01% | 38.08% | 38.05% | 36.08% | 29.43% | 33.01% | 31.85% | 32.03% | 31.94% | 28.3% | 23.92% | 26.18% | 27.33% | 29.16% | 28.78% | 29.09% | 29.94% | 30.16% | 29.65% |
| Earnings before Tax (EBT) 1 | 200,702 | 192,243 | 209,902 | 303,522 | 186,782 | 205,833 | 392,615 | 262,633 | 296,393 | 559,026 | 265,191 | 195,994 | 461,185 | 224,229 | 215,628 | 439,857 | 174,714 | 181,102 | 355,816 | 182,650 | 195,450 | 373,000 | 220,900 | 224,650 | 445,000 | 217,100 |
| Net income 1 | 149,002 | 140,306 | 153,426 | 220,904 | 132,231 | 146,900 | 279,213 | 184,124 | 208,200 | 392,324 | 186,195 | 129,719 | 315,914 | 153,633 | 147,806 | 301,439 | 105,090 | 113,611 | 218,701 | 123,500 | 137,900 | - | 151,000 | 153,800 | - | 149,500 |
| Net margin | 19.68% | 19.75% | 19.51% | 23.47% | 24.38% | 24.87% | 24.64% | 28.04% | 27.66% | 27.84% | 24.7% | 20.09% | 22.57% | 25.64% | 24.77% | 25.21% | 16.75% | 19.21% | 17.94% | 20.13% | 21.14% | - | 21.47% | 22.7% | - | 21.63% |
| EPS 2 | - | 67.49 | - | 106.3 | 63.67 | 70.76 | - | 89.26 | 101.9 | 191.2 | 92.10 | 64.55 | - | 76.13 | 73.52 | 149.6 | 52.79 | 56.97 | - | 64.63 | 72.61 | - | 78.34 | 79.80 | - | 76.95 |
| Dividend per Share 2 | - | 22.00 | - | 30.00 | - | 50.00 | - | - | 45.00 | 45.00 | - | 55.00 | - | - | - | 50.00 | - | 50.00 | - | - | 57.00 | - | - | 57.00 | - | - |
| Announcement Date | 28/04/20 | 27/10/20 | 28/04/21 | 27/10/21 | 27/01/22 | 27/04/22 | 27/04/22 | 27/07/22 | 27/10/22 | 27/10/22 | 26/01/23 | 27/04/23 | 27/04/23 | 27/07/23 | 27/10/23 | 27/10/23 | 26/01/24 | 25/04/24 | 25/04/24 | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 1,064,406 | 839,128 | 1,405,679 | 1,570,838 | 1,695,410 | 1,876,406 | 1,990,066 | 2,242,176 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 17,837 | 172,375 | 299,805 | 601,525 | 348,297 | 599,757 | 658,212 | 637,240 |
| ROE (net income / shareholders' equity) | 12.3% | 10.7% | 16.3% | 19.7% | 12.8% | 13.1% | 14.2% | 14.2% |
| ROA (Net income/ Total Assets) | 13.3% | 12.3% | 18.7% | 23.2% | 15.9% | 12.7% | 13.4% | 13.3% |
| Assets 1 | 2,353,540 | 2,396,799 | 2,676,916 | 3,048,892 | 3,263,435 | 4,585,514 | 4,994,222 | 5,494,245 |
| Book Value Per Share 2 | 1,276 | 1,354 | 1,601 | 1,918 | 2,133 | 2,278 | 2,459 | 2,672 |
| Cash Flow per Share 2 | 214.0 | 211.0 | 322.0 | 453.0 | 373.0 | 418.0 | 460.0 | 509.0 |
| Capex 1 | 268,365 | 228,801 | 213,918 | 318,046 | 406,886 | 405,333 | 360,250 | 330,500 |
| Capex / Sales | 17.39% | 15.28% | 10.31% | 11.32% | 16.85% | 15.57% | 12.77% | 11.06% |
| Announcement Date | 28/04/20 | 28/04/21 | 27/04/22 | 27/04/23 | 25/04/24 | - | - | - |
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
15
Last Close Price
6,019
JPY
Average target price
7,037
JPY
Spread / Average Target
+16.91%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -5.37% | 44.2B | |
| +5.39% | 33.9B | |
| +15.71% | 18.94B | |
| +12.06% | 11.84B | |
| -21.12% | 10.17B | |
| -5.53% | 10.04B | |
| -2.42% | 8.59B | |
| -0.58% | 8.82B | |
| +2.89% | 7.75B |
- Stock Market
- Equities
- 4063 Stock
- SEH Stock
- Financials Shin-Etsu Chemical Co., Ltd.
