Financials Tigers Polymer Corporation

Equities

4231

JP3440800005

Tires & Rubber Products

Delayed Japan Exchange 07:00:00 15/05/2024 BST 5-day change 1st Jan Change
1,008 JPY -1.27% Intraday chart for Tigers Polymer Corporation -5.88% +16.53%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 17,225 11,863 9,063 9,563 9,097 8,878
Enterprise Value (EV) 1 8,251 3,272 480.7 1,380 544.7 -1,328
P/E ratio 8.69 x 7.05 x 40.8 x 12.4 x 11 x 10.9 x
Yield 1.74% 2.87% 3.09% 2.09% 2.63% 2.69%
Capitalization / Revenue 0.4 x 0.28 x 0.23 x 0.26 x 0.22 x 0.2 x
EV / Revenue 0.19 x 0.08 x 0.01 x 0.04 x 0.01 x -0.03 x
EV / EBITDA 1.74 x 0.76 x 0.14 x 0.41 x 0.14 x -0.36 x
EV / FCF 14.4 x 6.26 x -20.8 x -6.24 x 21 x -2.01 x
FCF Yield 6.96% 16% -4.81% -16% 4.77% -49.8%
Price to Book 0.58 x 0.39 x 0.31 x 0.32 x 0.28 x 0.25 x
Nbr of stocks (in thousands) 20,006 20,006 20,006 20,006 19,905 19,905
Reference price 2 861.0 593.0 453.0 478.0 457.0 446.0
Announcement Date 25/06/18 26/06/19 24/06/20 23/06/21 22/06/22 21/06/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 42,766 43,020 39,870 36,589 40,878 45,285
EBITDA 1 4,752 4,304 3,423 3,367 3,869 3,668
EBIT 1 2,668 2,304 1,302 1,152 1,280 1,091
Operating Margin 6.24% 5.36% 3.27% 3.15% 3.13% 2.41%
Earnings before Tax (EBT) 1 2,862 2,337 1,318 1,500 1,841 1,873
Net income 1 1,982 1,682 222 769 831 816
Net margin 4.63% 3.91% 0.56% 2.1% 2.03% 1.8%
EPS 2 99.07 84.08 11.10 38.44 41.56 40.99
Free Cash Flow 1 574.6 522.9 -23.12 -221 26 661.4
FCF margin 1.34% 1.22% -0.06% -0.6% 0.06% 1.46%
FCF Conversion (EBITDA) 12.09% 12.15% - - 0.67% 18.03%
FCF Conversion (Net income) 28.99% 31.09% - - 3.13% 81.05%
Dividend per Share 2 15.00 17.00 14.00 10.00 12.00 12.00
Announcement Date 25/06/18 26/06/19 24/06/20 23/06/21 22/06/22 21/06/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2021 S1 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3 2024 Q1 2024 S1 2024 Q3
Net sales 1 20,030 16,330 19,297 10,086 10,662 21,867 12,635 11,495 24,067 13,020
EBITDA - - - - - - - - - -
EBIT 1 925 -151 533 401 56 -221 280 687 1,827 1,177
Operating Margin 4.62% -0.92% 2.76% 3.98% 0.53% -1.01% 2.22% 5.98% 7.59% 9.04%
Earnings before Tax (EBT) 1 946 -75 644 522 640 767 -34 1,168 2,830 1,096
Net income 1 461 -301 214 216 145 2 -269 721 1,856 701
Net margin 2.3% -1.84% 1.11% 2.14% 1.36% 0.01% -2.13% 6.27% 7.71% 5.38%
EPS 2 23.07 -15.08 10.73 10.81 7.320 0.1200 -13.56 36.26 93.26 35.24
Dividend per Share 8.500 - 5.000 - - 6.000 - - 15.00 -
Announcement Date 05/11/19 11/11/20 10/11/21 09/02/22 10/08/22 09/11/22 08/02/23 09/08/23 08/11/23 14/02/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 8,974 8,591 8,582 8,183 8,552 10,206
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 575 523 -23.1 -221 26 661
ROE (net income / shareholders' equity) 7.08% 5.88% 1.23% 2.96% 3.15% 3.15%
ROA (Net income/ Total Assets) 3.99% 3.32% 1.88% 1.66% 1.75% 1.38%
Assets 1 49,647 50,730 11,787 46,253 47,529 59,276
Book Value Per Share 2 1,480 1,507 1,483 1,507 1,609 1,754
Cash Flow per Share 2 554.0 483.0 469.0 539.0 550.0 643.0
Capex 1 2,814 3,056 2,647 2,832 2,255 1,865
Capex / Sales 6.58% 7.1% 6.64% 7.74% 5.52% 4.12%
Announcement Date 25/06/18 26/06/19 24/06/20 23/06/21 22/06/22 21/06/23
1JPY in Million2JPY
Estimates
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