DAI NIPPON PRINTING CO., LTD. Financials Dai Nippon Printing Co., Ltd. OTC Markets
Equities
DNPCF
JP3493800001
Commercial Printing Services
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 30.5 USD | -0.39% |
|
-.--% | +18.03% |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 7,98,920 | 6,46,310 | 6,51,385 | 7,74,374 | 8,91,942 | 12,71,916 | - | - |
| Enterprise Value (EV) 1 | 6,97,224 | 4,73,513 | 4,95,647 | 6,27,595 | 7,90,820 | 11,23,844 | 12,58,616 | 12,67,816 |
| P/E ratio | -22.4 x | 9.78 x | 26 x | 8.09 x | 11.5 x | 10.5 x | 12.7 x | 13.8 x |
| Yield | 2.42% | 2.78% | 2.76% | 2.22% | 1.73% | 1.37% | 1.22% | 1.25% |
| Capitalization / Revenue | 0.57 x | 0.46 x | 0.49 x | 0.58 x | 0.65 x | 0.79 x | 0.87 x | 0.85 x |
| EV / Revenue | 0.5 x | 0.34 x | 0.37 x | 0.47 x | 0.58 x | 0.79 x | 0.86 x | 0.85 x |
| EV / EBITDA | 6.3 x | 4.28 x | 4.94 x | 5.3 x | 6.97 x | 8.5 x | 9.17 x | 8.26 x |
| EV / FCF | 25 x | 12.9 x | 46.4 x | 14.7 x | 61 x | 13.8 x | 11.2 x | 13.6 x |
| FCF Yield | 4% | 7.77% | 2.16% | 6.82% | 1.64% | 7.25% | 8.9% | 7.36% |
| Price to Book | 0.8 x | 0.71 x | 0.62 x | 0.71 x | 0.89 x | 0.96 x | 1.04 x | 1.05 x |
| Nbr of stocks (in thousands) | 3,01,821 | 2,80,882 | 2,80,890 | 2,69,067 | 2,40,740 | 2,37,830 | - | - |
| Reference price 2 | 2,647 | 2,301 | 2,319 | 2,878 | 3,705 | 5,246 | 5,246 | 5,246 |
| Announcement Date | 14/05/19 | 27/05/20 | 13/05/21 | 13/05/22 | 12/05/23 | 13/05/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 14,01,505 | 14,01,894 | 13,35,439 | 13,44,147 | 13,73,209 | 14,24,822 | 14,57,433 | 14,88,733 |
| EBITDA 1 | 1,10,729 | 1,10,748 | 1,00,422 | 1,18,463 | 1,13,514 | 1,32,175 | 1,37,200 | 1,53,400 |
| EBIT 1 | 49,898 | 56,274 | 49,529 | 66,788 | 61,233 | 75,450 | 81,400 | 91,267 |
| Operating Margin | 3.56% | 4.01% | 3.71% | 4.97% | 4.46% | 5.3% | 5.59% | 6.13% |
| Earnings before Tax (EBT) 1 | -18,685 | 1,02,719 | 46,400 | 1,26,890 | 1,19,733 | 1,43,012 | 1,48,850 | 1,21,900 |
| Net income 1 | -35,668 | 69,497 | 25,088 | 97,182 | 85,692 | 1,10,929 | 97,300 | 86,400 |
| Net margin | -2.54% | 4.96% | 1.88% | 7.23% | 6.24% | 7.79% | 6.68% | 5.8% |
| EPS 2 | -118.2 | 235.2 | 89.32 | 355.8 | 321.3 | 443.1 | 413.8 | 379.5 |
| Free Cash Flow 1 | 27,868 | 36,775 | 10,689 | 42,820 | 12,972 | 86,400 | 1,12,000 | 93,333 |
| FCF margin | 1.99% | 2.62% | 0.8% | 3.19% | 0.94% | 6.1% | 7.68% | 6.27% |
| FCF Conversion (EBITDA) | 25.17% | 33.21% | 10.64% | 36.15% | 11.43% | 69.62% | 81.63% | 60.84% |
| FCF Conversion (Net income) | - | 52.92% | 42.61% | 44.06% | 15.14% | 90.38% | 115.11% | 108.02% |
| Dividend per Share 2 | 64.00 | 64.00 | 64.00 | 64.00 | 64.00 | 64.00 | 64.00 | 65.33 |
| Announcement Date | 14/05/19 | 27/05/20 | 13/05/21 | 13/05/22 | 12/05/23 | 13/05/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 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 | 6,94,150 | - | 6,44,638 | 3,25,249 | 6,57,168 | 3,44,492 | 3,42,487 | 3,34,433 | 3,34,049 | 6,68,482 | 3,55,078 | 3,49,649 | - | 3,45,098 | 3,48,654 | 6,93,752 | 3,67,500 | 3,63,570 | - | 3,55,950 | 3,54,850 | - | 3,78,750 | 3,77,600 | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 25,689 | - | 17,563 | 14,325 | 30,831 | 18,427 | 17,530 | 16,917 | 10,674 | 27,591 | 16,992 | 16,650 | - | 13,282 | 14,250 | 27,532 | 24,470 | 23,448 | - | 15,600 | 15,750 | - | 24,650 | 25,100 | - | - | - |
| Operating Margin | 3.7% | - | 2.72% | 4.4% | 4.69% | 5.35% | 5.12% | 5.06% | 3.2% | 4.13% | 4.79% | 4.76% | - | 3.85% | 4.09% | 3.97% | 6.66% | 6.45% | - | 4.38% | 4.44% | - | 6.51% | 6.65% | - | - | - |
| Earnings before Tax (EBT) | 1,09,250 | - | 19,212 | - | 43,016 | 51,763 | - | 23,474 | - | 39,401 | 47,855 | - | - | 79,007 | - | 96,405 | 30,437 | - | - | - | - | - | - | - | - | - | - |
| Net income | 75,495 | - | 11,434 | - | 33,812 | 35,739 | - | 15,739 | 12,194 | 27,933 | 36,512 | 21,247 | - | 58,056 | - | 76,230 | 22,329 | - | - | - | - | - | - | - | - | - | - |
| Net margin | 10.88% | - | 1.77% | - | 5.15% | 10.37% | - | 4.71% | 3.65% | 4.18% | 10.28% | 6.08% | - | 16.82% | - | 10.99% | 6.08% | - | - | - | - | - | - | - | - | - | - |
| EPS | 250.3 | - | 40.71 | - | 122.3 | 131.3 | - | 58.58 | - | 104.2 | 136.8 | - | - | 225.1 | - | 297.9 | 91.51 | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | 32.00 | 32.00 | 32.00 | - | 32.00 | - | - | - | - | 32.00 | - | - | 32.00 | - | - | 32.00 | - | - | 32.00 | - | - | 32.00 | - | - | 32.00 | 32.00 | 32.00 |
| Announcement Date | 12/11/19 | 27/05/20 | 10/11/20 | 12/11/21 | 12/11/21 | 10/02/22 | 13/05/22 | 10/08/22 | 11/11/22 | 11/11/22 | 09/02/23 | 12/05/23 | 12/05/23 | 08/08/23 | 10/11/23 | 10/11/23 | 09/02/24 | 13/05/24 | 13/05/24 | - | - | - | - | - | - | - | - |
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 | 1,01,696 | 1,72,797 | 1,55,738 | 1,46,779 | 1,01,122 | 80,300 | 13,300 | 4,100 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 27,868 | 36,775 | 10,689 | 42,820 | 12,972 | 86,400 | 1,12,000 | 93,333 |
| ROE (net income / shareholders' equity) | -3.5% | 7.3% | 2.6% | 9.1% | 7.9% | 9.8% | 8.85% | 7.25% |
| ROA (Net income/ Total Assets) | 3.25% | 3.65% | 3.38% | 4.39% | 4.51% | 5.21% | 5.2% | 5.9% |
| Assets 1 | -10,97,585 | 19,04,909 | 7,42,657 | 22,13,784 | 18,98,512 | 21,27,510 | 18,71,154 | 14,64,407 |
| Book Value Per Share 2 | 3,301 | 3,260 | 3,717 | 4,058 | 4,158 | 4,866 | 5,052 | 4,983 |
| Cash Flow per Share 2 | 77.60 | 420.0 | 271.0 | 543.0 | 515.0 | 667.0 | 696.0 | 605.0 |
| Capex 1 | 41,103 | 57,162 | 71,649 | 50,699 | 78,082 | 68,368 | 74,000 | 77,500 |
| Capex / Sales | 2.93% | 4.08% | 5.37% | 3.77% | 5.69% | 4.8% | 5.08% | 5.21% |
| Announcement Date | 14/05/19 | 27/05/20 | 13/05/21 | 13/05/22 | 12/05/23 | 13/05/24 | - | - |
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
3
Last Close Price
5,246
JPY
Average target price
5,287
JPY
Spread / Average Target
+0.78%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +13.11% | 875.76Cr | |
| +3.39% | 211.57Cr | |
| +180.00% | 120.77Cr | |
| +2.28% | 96Cr | |
| -57.66% | 80Cr | |
| -25.88% | 78Cr | |
| -1.35% | 56Cr | |
| -23.03% | 51Cr | |
| -20.95% | 41Cr |
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