Projected Income Statement: Toray Industries, Inc.

Forecast Balance Sheet: Toray Industries, Inc.

Fiscal Period: März 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 739,859 737,573 698,531 726,098 713,797 719,516 710,449 680,630
Change - -0.31% -5.29% 3.95% -1.69% 0.8% -1.26% -4.2%
Announcement Date 28/05/20 13/05/21 13/05/22 12/05/23 13/05/24 - - -
1JPY in Million
Estimates

Cash Flow Forecast: Toray Industries, Inc.

Fiscal Period: März 2020 2021 2022 2023 2024 2025 2026 2027
CAPEX 1 140,767 133,200 100,936 112,546 147,165 190,178 169,535 170,178
Change - -5.38% -24.22% 11.5% 30.76% 29.23% -10.85% 0.38%
Free Cash Flow (FCF) 1 85,000 113,700 81,100 42,489 64,700 34,162 59,904 73,408
Change - 33.76% -28.67% -47.61% 52.27% -47.2% 75.35% 22.54%
Announcement Date 28/05/20 13/05/21 13/05/22 12/05/23 13/05/24 - - -
1JPY in Million
Estimates

Forecast Financial Ratios: Toray Industries, Inc.

Fiscal Period: März 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) 11.27% 10.94% 11.33% 9.46% 7.58% 10.01% 10.72% 11.13%
EBIT Margin (%) 5.92% 4.79% 5.93% 4.38% 2.34% 4.8% 5.6% 5.89%
EBT Margin (%) 4.25% 3.48% 5.4% 4.49% 2.42% 4.9% 5.54% 6.02%
Net margin (%) 2.52% 2.43% 3.78% 2.93% 0.89% 3.21% 3.73% 4.05%
FCF / Net Income (%) 3.84% 6.04% 3.64% 1.71% 2.63% 1.31% 2.2% 2.57%

Profitability

        
ROA 3.8% 3.9% 4.08% 3.59% 3.1% 2.95% 3.4% 3.73%
ROE 5% 3.89% 6.4% 5% 1.3% 4.78% 5.78% 6.24%

Financial Health

        
Leverage (Debt/EBITDA) 2.97x 3.58x 2.77x 3.08x 3.82x 2.76x 2.44x 2.14x
Debt / Free cash flow 8.7x 6.49x 8.61x 17.09x 11.03x 21.06x 11.86x 9.27x

Capital Intensity

        
CAPEX / Current Assets (%) 6.36% 7.07% 4.53% 4.52% 5.97% 7.31% 6.23% 5.96%
CAPEX / EBITDA (%) 56.42% 64.63% 39.99% 47.82% 78.76% 73.02% 58.11% 53.56%
CAPEX / FCF (%) 165.61% 117.15% 124.46% 264.88% 227.46% 556.69% 283.01% 231.83%

Items per share

        
Cash flow per share 1 102 101 127.8 124.4 94.34 150.4 165.1 188.4
Change - -0.94% 26.58% -2.67% -24.18% 59.38% 109.77% 114.15%
Dividend per Share 1 16 9 16 18 18 18.18 20.83 22.91
Change - -43.75% 77.78% 12.5% 0% 1.01% 114.58% 109.96%
Book Value Per Share 1 683.6 773.4 878.1 958.8 1,084 1,132 1,178 1,231
Change - 13.14% 13.53% 9.19% 13.05% 4.42% 104.04% 104.57%
EPS 1 34.83 28.61 52.63 45.49 13.67 52.87 65.03 74.06
Change - -17.86% 83.96% -13.57% -69.95% 286.78% 122.99% 113.88%
Nbr of stocks (in thousands) 1,599,950 1,600,452 1,600,720 1,601,021 1,601,643 1,601,643 1,601,643 1,601,643
Announcement Date 28/05/20 13/05/21 13/05/22 12/05/23 13/05/24 - - -
1JPY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
784.90JPY
Average target price
878.33JPY
Spread / Average Target
+11.90%
Consensus
  1. Stock Market
  2. Equities
  3. 3402 Stock
  4. Financials Toray Industries, Inc.