ALPS ALPINE CO., LTD |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,451 JPY | +0.76% |
|
+5.22% | +18.11% |
| 11/04 | Jefferies Starts Alps Alpine at Hold With 1,180 Yen Price Target | MT |
| 25/03 | Alps Alpine Co., Ltd. Announces Change of Representative Directors and Management Structure, Effective June 26, 2024 | CI |
Valuation
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,95,895 | 2,14,464 | 3,02,403 | 2,50,926 | 2,60,754 | 2,98,301 | - | - |
| Enterprise Value (EV) 1 | 4,82,631 | 1,84,736 | 2,67,272 | 2,24,467 | 2,98,518 | 3,49,372 | 3,45,466 | 3,55,184 |
| P/E ratio | 21 x | -53.7 x | -78 x | 10.9 x | 22.8 x | -14.2 x | 23.1 x | 17.2 x |
| Yield | 2.16% | 2.86% | 1.37% | 1.65% | 3.15% | 2.23% | 2.17% | 2.44% |
| Capitalization / Revenue | 0.58 x | 0.26 x | 0.42 x | 0.31 x | 0.28 x | 0.31 x | 0.32 x | 0.31 x |
| EV / Revenue | 0.57 x | 0.23 x | 0.37 x | 0.28 x | 0.32 x | 0.37 x | 0.37 x | 0.37 x |
| EV / EBITDA | 5.14 x | 2.54 x | 4.91 x | 2.77 x | 3.71 x | 5.99 x | 5.6 x | 5.1 x |
| EV / FCF | 23.7 x | 4.12 x | 182 x | -20 x | -8.44 x | -8.43 x | 27.4 x | 31.8 x |
| FCF Yield | 4.21% | 24.3% | 0.55% | -4.99% | -11.8% | -11.9% | 3.65% | 3.14% |
| Price to Book | 1.33 x | 0.66 x | 0.88 x | 0.64 x | 0.65 x | 0.8 x | 0.79 x | 0.77 x |
| Nbr of stocks (in thousands) | 2,14,673 | 2,04,446 | 2,07,126 | 2,07,206 | 2,05,480 | 2,05,583 | - | - |
| Reference price 2 | 2,310 | 1,049 | 1,460 | 1,211 | 1,269 | 1,451 | 1,451 | 1,451 |
| Announcement Date | 26/04/19 | 08/05/20 | 30/04/21 | 28/04/22 | 28/04/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,51,332 | 8,10,570 | 7,18,013 | 8,02,854 | 9,33,114 | 9,51,518 | 9,43,046 | 9,61,536 |
| EBITDA 1 | 93,829 | 72,852 | 54,445 | 80,913 | 80,431 | 58,319 | 61,697 | 69,577 |
| EBIT 1 | 49,641 | 26,795 | 13,109 | 35,208 | 33,595 | 19,290 | 20,270 | 26,311 |
| Operating Margin | 5.83% | 3.31% | 1.83% | 4.39% | 3.6% | 2.03% | 2.15% | 2.74% |
| Earnings before Tax (EBT) 1 | 41,189 | 15,568 | 5,004 | 38,668 | 26,812 | -13,131 | 19,538 | 27,056 |
| Net income 1 | 22,114 | -4,009 | -3,837 | 22,960 | 11,470 | -21,170 | 12,976 | 17,344 |
| Net margin | 2.6% | -0.49% | -0.53% | 2.86% | 1.23% | -2.22% | 1.38% | 1.8% |
| EPS 2 | 110.2 | -19.53 | -18.72 | 110.8 | 55.77 | -102.2 | 62.77 | 84.34 |
| Free Cash Flow 1 | 20,323 | 44,848 | 1,471 | -11,203 | -35,361 | -41,441 | 12,617 | 11,161 |
| FCF margin | 2.39% | 5.53% | 0.2% | -1.4% | -3.79% | -4.36% | 1.34% | 1.16% |
| FCF Conversion (EBITDA) | 21.66% | 61.56% | 2.7% | - | - | - | 20.45% | 16.04% |
| FCF Conversion (Net income) | 91.9% | - | - | - | - | - | 97.23% | 64.35% |
| Dividend per Share 2 | 50.00 | 30.00 | 20.00 | 20.00 | 40.00 | 32.31 | 31.54 | 35.42 |
| Announcement Date | 26/04/19 | 08/05/20 | 30/04/21 | 28/04/22 | 28/04/23 | - | - | - |
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 | 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 S1 | 2026 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,28,141 | 3,82,429 | 3,20,789 | 3,97,224 | 1,92,663 | 3,67,461 | 2,25,856 | 2,09,537 | 4,35,393 | 2,04,978 | 2,49,308 | 4,54,286 | 2,46,330 | 2,32,498 | 2,18,508 | 2,56,501 | 4,75,009 | 2,60,350 | 2,19,144 | 4,75,150 | 2,21,364 | 2,49,792 | 4,63,315 | 2,58,368 | 2,33,144 | 4,70,681 | 4,73,266 | 4,81,426 |
| EBITDA 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 23,513 | - | 20,430 | 4,691 | - | 10,834 | 20,108 | - | 20,202 | 11,144 | - | - | - |
| EBIT 1 | 21,529 | 5,266 | -3,502 | 16,611 | 10,057 | 10,552 | 17,323 | 7,333 | 24,656 | 1,730 | 18,183 | 19,913 | 14,503 | -821 | -2,539 | 13,180 | 10,641 | 9,942 | -4,389 | 5,846 | 1,235 | 8,681 | 9,132 | 9,668 | 4,472 | 9,208 | 10,369 | 11,181 |
| Operating Margin | 5.03% | 1.38% | -1.09% | 4.18% | 5.22% | 2.87% | 7.67% | 3.5% | 5.66% | 0.84% | 7.29% | 4.38% | 5.89% | -0.35% | -1.16% | 5.14% | 2.24% | 3.82% | -2% | 1.23% | 0.56% | 3.48% | 1.97% | 3.74% | 1.92% | 1.96% | 2.19% | 2.32% |
| Earnings before Tax (EBT) 1 | 15,693 | - | -4,677 | - | 8,071 | 8,184 | 17,574 | 12,910 | - | 7,387 | 18,478 | 25,865 | 9,243 | - | 2,076 | 14,433 | 16,509 | -28,312 | -6,886 | - | 2,025 | 9,167 | - | 10,292 | 4,026 | - | - | - |
| Net income 1 | 5,949 | -9,958 | -8,992 | 5,155 | 6,522 | 2,177 | 12,577 | 8,206 | 20,783 | 2,613 | 14,823 | 17,436 | 3,689 | -9,655 | -2,374 | 9,085 | 6,711 | -27,087 | -14,543 | -41,674 | 597.3 | 6,242 | 7,720 | 7,063 | 2,515 | 6,519 | 6,136 | 6,944 |
| Net margin | 1.39% | -2.6% | -2.8% | 1.3% | 3.39% | 0.59% | 5.57% | 3.92% | 4.77% | 1.27% | 5.95% | 3.84% | 1.5% | -4.15% | -1.09% | 3.54% | 1.41% | -10.4% | -6.64% | -8.77% | 0.27% | 2.5% | 1.67% | 2.73% | 1.08% | 1.39% | 1.3% | 1.44% |
| EPS 2 | 28.86 | - | -43.98 | 25.26 | 31.49 | 10.51 | 60.71 | 39.60 | 100.3 | 12.67 | 72.03 | 84.70 | 17.98 | -46.91 | -11.55 | 44.20 | 32.65 | -131.8 | -2.564 | -203.0 | 2.357 | 27.29 | 38.00 | 29.74 | 0.6000 | 32.00 | 43.00 | 43.00 |
| Dividend per Share 2 | 20.00 | - | 10.00 | - | 10.00 | 10.00 | - | 10.00 | - | - | 20.00 | 20.00 | - | 20.00 | - | 20.00 | 20.00 | - | 10.00 | - | - | 20.00 | - | - | 20.00 | - | - | - |
| Announcement Date | 30/10/19 | 08/05/20 | 30/10/20 | 30/04/21 | 28/10/21 | 28/10/21 | 28/01/22 | 28/04/22 | 28/04/22 | 29/07/22 | 28/10/22 | 28/10/22 | 31/01/23 | 28/04/23 | 28/07/23 | 30/10/23 | 30/10/23 | 30/01/24 | - | - | - | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 37,764 | 51,070 | 47,164 | 56,883 |
| Net Cash position 1 | 13,264 | 29,728 | 35,131 | 26,459 | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | 0.4695 x | 0.8757 x | 0.7645 x | 0.8175 x |
| Free Cash Flow 1 | 20,323 | 44,848 | 1,471 | -11,203 | -35,361 | -41,441 | 12,617 | 11,161 |
| ROE (net income / shareholders' equity) | 6.6% | -1.2% | -1.1% | 6.3% | 2.9% | -5.05% | 3.5% | 4.67% |
| ROA (Net income/ Total Assets) | 6.47% | 2.87% | 2% | 5.6% | 4.72% | -1.67% | 2.27% | 2.8% |
| Assets 1 | 3,41,692 | -1,39,889 | -1,91,434 | 4,09,721 | 2,43,010 | 12,68,155 | 5,70,613 | 6,18,615 |
| Book Value Per Share 2 | 1,731 | 1,587 | 1,665 | 1,879 | 1,937 | 1,813 | 1,841 | 1,891 |
| Cash Flow per Share 2 | 330.0 | 205.0 | 183.0 | 331.0 | 283.0 | 30.80 | 277.0 | 284.0 |
| Capex 1 | 52,348 | 42,362 | 40,354 | 53,010 | 50,774 | 52,175 | 46,338 | 46,825 |
| Capex / Sales | 6.15% | 5.23% | 5.62% | 6.6% | 5.44% | 5.48% | 4.91% | 4.87% |
| Announcement Date | 26/04/19 | 08/05/20 | 30/04/21 | 28/04/22 | 28/04/23 | - | - | - |
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
B+
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
13
Last Close Price
1,451
JPY
Average target price
1,129
JPY
Spread / Average Target
-22.20%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +18.11% | 1.95B | |
| +23.72% | 73.66B | |
| -6.52% | 34.57B | |
| -15.24% | 28.96B | |
| -7.99% | 14.14B | |
| -11.85% | 10.07B | |
| +8.41% | 9.77B | |
| +76.30% | 8.8B | |
| +29.82% | 8.58B | |
| +9.72% | 8.51B |
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