TOEI COMPANY, LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,750 JPY | 0.00% |
|
+0.94% | -7.77% |
| 03-19 | Toei Company, Ltd. Provides Special Dividend Guidance for the Fiscal Year Ending March 31, 2024 | CI |
| 02-21 | Toei's Attributable Profit Down 24.2% in Fiscal Nine Months | MT |
Valuation
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 185,914 | 169,646 | 297,601 | 210,370 | 212,343 | 232,157 | - | - |
| Enterprise Value (EV) 1 | 140,240 | 108,105 | 247,624 | 146,659 | 134,295 | 137,390 | 118,252 | 96,414 |
| P/E ratio | 17.2 x | 15 x | 40.9 x | 23.4 x | 14.1 x | 18.6 x | 17.2 x | 15.2 x |
| Yield | 0.48% | 0.52% | 0.25% | 0.35% | 0.76% | 0.72% | 0.61% | 0.69% |
| Capitalization / Revenue | 1.36 x | 1.2 x | 2.76 x | 1.79 x | 1.22 x | 1.38 x | 1.4 x | 1.31 x |
| EV / Revenue | 1.02 x | 0.76 x | 2.3 x | 1.25 x | 0.77 x | 0.82 x | 0.71 x | 0.54 x |
| EV / EBITDA | 5.34 x | 4.23 x | 14.9 x | 6.88 x | 3.38 x | 4.18 x | 3.35 x | 2.54 x |
| EV / FCF | 8.62 x | 5.47 x | -41 x | -43.4 x | 6.88 x | 6.67 x | 6.36 x | 5.16 x |
| FCF Yield | 11.6% | 18.3% | -2.44% | -2.31% | 14.5% | 15% | 15.7% | 19.4% |
| Price to Book | 1.1 x | 0.97 x | 1.56 x | 1.05 x | 1 x | 1.13 x | 1.07 x | 1.02 x |
| Nbr of stocks (in thousands) | 63,107 | 62,554 | 62,286 | 62,056 | 61,908 | 61,909 | - | - |
| Reference price 2 | 2,946 | 2,712 | 4,778 | 3,390 | 3,430 | 3,750 | 3,750 | 3,750 |
| Announcement Date | 15/05/19 | 15/05/20 | 14/05/21 | 16/05/22 | 15/05/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 137,038 | 141,376 | 107,648 | 117,539 | 174,358 | 167,733 | 165,433 | 177,067 |
| EBITDA 1 | 26,271 | 25,549 | 16,594 | 21,304 | 39,760 | 32,900 | 35,350 | 37,900 |
| EBIT 1 | 22,970 | 22,003 | 12,997 | 17,810 | 36,339 | 29,200 | 30,900 | 35,633 |
| Operating Margin | 16.76% | 15.56% | 12.07% | 15.15% | 20.84% | 17.41% | 18.68% | 20.12% |
| Earnings before Tax (EBT) 1 | 25,165 | 26,430 | 17,809 | 22,277 | 38,610 | 33,800 | 32,400 | 35,200 |
| Net income 1 | 10,816 | 11,357 | 7,284 | 8,977 | 15,025 | 12,833 | 12,833 | 14,900 |
| Net margin | 7.89% | 8.03% | 6.77% | 7.64% | 8.62% | 7.65% | 7.76% | 8.41% |
| EPS 2 | 171.4 | 180.5 | 116.8 | 144.7 | 242.5 | 201.9 | 218.1 | 246.1 |
| Free Cash Flow 1 | 16,270 | 19,763 | -6,034 | -3,381 | 19,508 | 20,600 | 18,600 | 18,700 |
| FCF margin | 11.87% | 13.98% | -5.61% | -2.88% | 11.19% | 12.28% | 11.24% | 10.56% |
| FCF Conversion (EBITDA) | 61.93% | 77.35% | - | - | 49.06% | 62.61% | 52.62% | 49.34% |
| FCF Conversion (Net income) | 150.43% | 174.02% | - | - | 129.84% | 160.52% | 144.94% | 125.5% |
| Dividend per Share 2 | 14.00 | 14.00 | 12.00 | 12.00 | 26.00 | 27.00 | 22.93 | 25.80 |
| Announcement Date | 15/05/19 | 15/05/20 | 14/05/21 | 16/05/22 | 15/05/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 76,044 | 65,332 | 45,883 | 61,765 | 32,279 | 58,084 | 28,408 | 31,047 | 59,455 | 34,103 | 51,319 | 85,422 | 42,738 | 46,198 | 88,936 | 43,063 | 43,555 | 86,618 | 41,768 | 37,000 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 13,570 | 8,433 | 5,350 | 7,647 | 6,519 | 10,254 | 3,790 | 3,766 | 7,556 | 4,622 | 14,608 | 19,230 | 9,709 | 7,400 | 17,109 | 5,608 | 9,232 | 14,840 | 7,349 | 6,800 |
| Operating Margin | 17.84% | 12.91% | 11.66% | 12.38% | 20.2% | 17.65% | 13.34% | 12.13% | 12.71% | 13.55% | 28.47% | 22.51% | 22.72% | 16.02% | 19.24% | 13.02% | 21.2% | 17.13% | 17.59% | 18.38% |
| Earnings before Tax (EBT) | 15,821 | 10,609 | 5,976 | - | - | 12,364 | 5,616 | - | - | 7,138 | - | 22,229 | 10,297 | - | - | 8,389 | - | 18,364 | 8,739 | - |
| Net income | 6,904 | 4,453 | 1,594 | 5,690 | - | 4,480 | 2,808 | 1,689 | 4,497 | 3,142 | 6,649 | 9,791 | 4,429 | 805 | 5,234 | 4,199 | 2,943 | 7,142 | 3,640 | - |
| Net margin | 9.08% | 6.82% | 3.47% | 9.21% | - | 7.71% | 9.88% | 5.44% | 7.56% | 9.21% | 12.96% | 11.46% | 10.36% | 1.74% | 5.89% | 9.75% | 6.76% | 8.25% | 8.71% | - |
| EPS | 109.5 | - | 25.51 | - | - | 72.20 | 45.25 | - | - | 50.64 | 107.3 | 157.9 | 71.54 | 13.05 | - | 67.84 | - | 115.4 | 58.79 | - |
| Dividend per Share | 6.000 | - | 6.000 | - | - | 6.000 | - | - | - | - | - | 6.000 | - | - | - | - | - | 6.000 | - | - |
| Announcement Date | 13/11/19 | 15/05/20 | 13/11/20 | 14/05/21 | 12/11/21 | 12/11/21 | 14/02/22 | 16/05/22 | 16/05/22 | 10/08/22 | 14/11/22 | 14/11/22 | 14/02/23 | 15/05/23 | 15/05/23 | 10/08/23 | 14/11/23 | 14/11/23 | 14/02/24 | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 45,674 | 61,541 | 49,977 | 63,711 | 78,048 | 94,767 | 113,905 | 135,743 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 16,270 | 19,763 | -6,034 | -3,381 | 19,508 | 20,600 | 18,600 | 18,700 |
| ROE (net income / shareholders' equity) | 6.6% | 6.6% | 4% | 4.6% | 7.3% | 5.82% | 5.96% | 6.05% |
| ROA (Net income/ Total Assets) | 3.8% | 8.5% | 5.99% | 2.67% | 11% | - | - | - |
| Assets 1 | 284,796 | 133,604 | 121,538 | 336,381 | 136,226 | - | - | - |
| Book Value Per Share 2 | 2,688 | 2,782 | 3,068 | 3,235 | 3,435 | 3,318 | 3,495 | 3,685 |
| Cash Flow per Share | 224.0 | 237.0 | 174.0 | 201.0 | 298.0 | - | - | - |
| Capex 1 | 3,779 | 3,906 | 3,695 | 8,004 | 6,768 | 4,900 | 4,900 | 4,900 |
| Capex / Sales | 2.76% | 2.76% | 3.43% | 6.81% | 3.88% | 2.92% | 2.96% | 2.77% |
| Announcement Date | 15/05/19 | 15/05/20 | 14/05/21 | 16/05/22 | 15/05/23 | - | - | - |
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
2
Last Close Price
3,750
JPY
Average target price
4,750
JPY
Spread / Average Target
+26.67%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -7.77% | 1.52B | |
| +8.66% | 18.09B | |
| -4.61% | 17.68B | |
| +1.16% | 10.8B | |
| +16.85% | 7.93B | |
| +2.06% | 6.79B | |
| -30.80% | 3.5B | |
| -8.24% | 3.21B | |
| +5.32% | 2.93B | |
| +18.18% | 2.77B |
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