Financials Synclayer Inc.

Equities

1724

JP3372200000

IT Services & Consulting

Market Closed - Japan Exchange 07:00:00 14/05/2024 BST 5-day change 1st Jan Change
790 JPY +3.40% Intraday chart for Synclayer Inc. +4.36% +22.48%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,727 5,318 2,858 4,817 2,726 2,994
Enterprise Value (EV) 1 3,696 6,541 3,430 4,102 4,123 2,579
P/E ratio 3.83 x 6.36 x 5.39 x 4.65 x 9.25 x 6.91 x
Yield 3.34% 0.69% 1.29% 1.15% 2.89% 3.88%
Capitalization / Revenue 0.17 x 0.52 x 0.26 x 0.37 x 0.27 x 0.29 x
EV / Revenue 0.36 x 0.64 x 0.31 x 0.31 x 0.41 x 0.25 x
EV / EBITDA 5.17 x 7.17 x 3.64 x 2.94 x 6.83 x 3.59 x
EV / FCF 39.5 x 9.1 x 4.17 x 9.87 x -2.02 x 1.19 x
FCF Yield 2.53% 11% 24% 10.1% -49.6% 83.8%
Price to Book 0.87 x 1.95 x 0.86 x 0.96 x 0.51 x 0.53 x
Nbr of stocks (in thousands) 3,605 3,655 3,679 4,614 4,636 4,642
Reference price 2 479.0 1,455 777.0 1,044 588.0 645.0
Announcement Date 29/03/19 30/03/20 31/03/21 31/03/22 31/03/23 29/03/24
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 10,329 10,294 10,892 13,061 9,965 10,443
EBITDA 1 714.7 912 943 1,393 604 719
EBIT 1 576 761 765 1,209 415 547
Operating Margin 5.58% 7.39% 7.02% 9.26% 4.16% 5.24%
Earnings before Tax (EBT) 1 517 812 800 1,319 437 650
Net income 1 452 834 529 871 294 433
Net margin 4.38% 8.1% 4.86% 6.67% 2.95% 4.15%
EPS 2 125.1 228.7 144.2 224.4 63.54 93.34
Free Cash Flow 1 93.5 718.5 823.5 415.8 -2,045 2,162
FCF margin 0.91% 6.98% 7.56% 3.18% -20.52% 20.71%
FCF Conversion (EBITDA) 13.08% 78.78% 87.33% 29.85% - 300.76%
FCF Conversion (Net income) 20.69% 86.15% 155.67% 47.73% - 499.42%
Dividend per Share 2 16.00 10.00 10.00 12.00 17.00 25.00
Announcement Date 29/03/19 30/03/20 31/03/21 31/03/22 31/03/23 29/03/24
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q3 2022 Q1 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3 2024 Q1
Net sales 1 4,946 6,230 3,448 3,092 4,931 2,583 2,785 5,177 2,199 2,761
EBITDA - - - - - - - - - -
EBIT 1 402 726 231 325 173 111 223 144 85 179
Operating Margin 8.13% 11.65% 6.7% 10.51% 3.51% 4.3% 8.01% 2.78% 3.87% 6.48%
Earnings before Tax (EBT) 1 382 840 227 335 208 116 105 171 103 188
Net income 1 259 575 148 219 129 72 56 99 75 135
Net margin 5.24% 9.23% 4.29% 7.08% 2.62% 2.79% 2.01% 1.91% 3.41% 4.89%
EPS 2 70.80 156.1 39.00 47.47 27.97 15.63 12.15 21.48 16.21 29.23
Dividend per Share 4.000 6.000 - - 6.000 - - 6.000 - -
Announcement Date 07/08/20 12/08/21 11/11/21 12/05/22 10/08/22 10/11/22 12/05/23 10/08/23 14/11/23 14/05/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,969 1,223 572 - 1,397 -
Net Cash position 1 - - - 715 - 415
Leverage (Debt/EBITDA) 2.755 x 1.341 x 0.6066 x - 2.313 x -
Free Cash Flow 1 93.5 719 824 416 -2,045 2,163
ROE (net income / shareholders' equity) 22.8% 35.3% 17.5% 20.9% 5.67% 7.86%
ROA (Net income/ Total Assets) 4.17% 5.53% 5.31% 7.66% 2.39% 3.11%
Assets 1 10,839 15,090 9,963 11,366 12,281 13,944
Book Value Per Share 2 550.0 746.0 899.0 1,092 1,150 1,224
Cash Flow per Share 2 246.0 284.0 270.0 347.0 343.0 254.0
Capex 1 223 122 264 153 219 310
Capex / Sales 2.16% 1.19% 2.42% 1.17% 2.2% 2.97%
Announcement Date 29/03/19 30/03/20 31/03/21 31/03/22 31/03/23 29/03/24
1JPY in Million2JPY
Estimates
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