DAIICHI SANKYO CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5,010 JPY | +5.12% |
|
+8.07% | +29.39% |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 33,04,011 | 48,16,951 | 61,79,276 | 51,36,821 | 92,44,546 | 96,06,688 | - | - |
| Enterprise Value (EV) 1 | 27,85,091 | 41,59,929 | 55,38,193 | 44,56,437 | 89,95,480 | 91,59,669 | 91,51,729 | 89,64,695 |
| P/E ratio | 35.4 x | 37.3 x | 82.3 x | 76.7 x | 84.7 x | 45.6 x | 49 x | 36.2 x |
| Yield | 1.37% | 0.94% | 0.84% | 1.01% | 0.62% | 1.05% | 1.14% | 1.33% |
| Capitalization / Revenue | 3.55 x | 4.91 x | 6.42 x | 4.92 x | 7.23 x | 5.72 x | 5.46 x | 4.66 x |
| EV / Revenue | 3 x | 4.24 x | 5.75 x | 4.26 x | 7.04 x | 5.72 x | 5.2 x | 4.35 x |
| EV / EBITDA | 21.4 x | 21.7 x | 45.7 x | 33.9 x | 47.8 x | 33.8 x | 31.3 x | 23.1 x |
| EV / FCF | 49.8 x | 36.2 x | 36.2 x | 58.3 x | -62.8 x | 130 x | 84.2 x | 61.3 x |
| FCF Yield | 2.01% | 2.76% | 2.76% | 1.72% | -1.59% | 0.77% | 1.19% | 1.63% |
| Price to Book | 2.64 x | 3.69 x | 4.86 x | 3.8 x | 6.39 x | 5.43 x | 5.97 x | 5.5 x |
| Nbr of stocks (in thousands) | 19,43,536 | 19,43,887 | 19,16,055 | 19,16,724 | 19,17,160 | 19,17,503 | - | - |
| Reference price 2 | 1,700 | 2,478 | 3,225 | 2,680 | 4,822 | 5,010 | 5,010 | 5,010 |
| Announcement Date | 25/04/19 | 27/04/20 | 27/04/21 | 27/04/22 | 27/04/23 | 25/04/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,29,717 | 9,81,793 | 9,62,516 | 10,44,900 | 12,78,478 | 16,01,700 | 17,60,972 | 20,60,707 |
| EBITDA 1 | 1,29,874 | 1,91,411 | 1,21,177 | 1,31,270 | 1,88,369 | 2,71,234 | 2,92,661 | 3,88,796 |
| EBIT 1 | 83,705 | 1,38,800 | 63,795 | 73,000 | 1,20,580 | 2,11,600 | 2,29,117 | 3,30,204 |
| Operating Margin | 9% | 14.14% | 6.63% | 6.99% | 9.43% | 13.21% | 13.01% | 16.02% |
| Earnings before Tax (EBT) 1 | 85,831 | 1,41,164 | 74,124 | 73,500 | 1,26,854 | 2,37,200 | 2,24,447 | 3,61,930 |
| Net income 1 | 93,409 | 1,29,074 | 75,958 | 67,000 | 1,09,188 | 2,00,700 | 1,85,525 | 2,65,250 |
| Net margin | 10.05% | 13.15% | 7.89% | 6.41% | 8.54% | 12.53% | 10.54% | 12.87% |
| EPS 2 | 48.07 | 66.40 | 39.17 | 34.94 | 56.96 | 104.7 | 102.2 | 138.4 |
| Free Cash Flow 1 | 55,925 | 1,14,928 | 1,52,961 | 76,490 | -1,43,268 | 69,530 | 1,08,659 | 1,46,320 |
| FCF margin | 6.02% | 11.71% | 15.89% | 7.32% | -11.21% | 4.4% | 6.17% | 7.1% |
| FCF Conversion (EBITDA) | 43.06% | 60.04% | 126.23% | 58.27% | - | 27.63% | 37.13% | 37.63% |
| FCF Conversion (Net income) | 59.87% | 89.04% | 201.38% | 114.16% | - | 41.42% | 58.57% | 55.16% |
| Dividend per Share 2 | 23.33 | 23.33 | 27.00 | 27.00 | 30.00 | 50.00 | 56.88 | 66.54 |
| Announcement Date | 25/04/19 | 27/04/20 | 27/04/21 | 27/04/22 | 27/04/23 | 25/04/24 | - | - |
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 | 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 | 4,79,573 | 5,02,220 | 4,80,168 | 2,65,896 | 5,29,965 | 2,81,002 | 2,33,933 | - | 2,80,317 | 3,27,480 | 6,07,797 | 3,40,479 | 3,30,202 | 3,50,835 | 3,75,465 | 7,26,300 | 4,46,925 | 4,28,431 | - | 3,91,756 | 4,27,900 | 7,45,636 | 4,69,950 | 4,86,600 | - | - | - |
| EBITDA 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,14,454 | 33,427 | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 86,163 | 52,637 | 58,465 | 38,973 | 84,742 | 39,030 | -50,772 | - | 34,382 | 61,198 | 95,580 | 31,551 | -6,551 | 44,032 | 51,068 | 95,100 | 99,488 | 17,049 | - | 45,002 | 57,830 | 54,820 | 73,218 | 59,300 | - | - | - |
| Operating Margin | 17.97% | 10.48% | 12.18% | 14.66% | 15.99% | 13.89% | -21.7% | - | 12.27% | 18.69% | 15.73% | 9.27% | -1.98% | 12.55% | 13.6% | 13.09% | 22.26% | 3.98% | - | 11.49% | 13.51% | 7.35% | 15.58% | 12.19% | - | - | - |
| Earnings before Tax (EBT) 1 | 87,040 | 54,124 | 66,986 | 38,893 | 85,955 | 39,931 | -52,386 | - | 29,415 | 61,850 | 91,265 | 36,185 | -596 | 52,133 | 49,967 | 1,02,100 | 97,749 | 37,354 | - | 26,694 | - | 54,820 | - | - | - | - | - |
| Net income 1 | 64,426 | 64,648 | 51,667 | 27,245 | 62,465 | 31,853 | -27,318 | - | 18,851 | 39,458 | 58,309 | 28,391 | 22,488 | 57,013 | 39,987 | 97,000 | 66,558 | 37,136 | - | 21,088 | 56,818 | 43,308 | 60,580 | 45,500 | - | - | - |
| Net margin | 13.43% | 12.87% | 10.76% | 10.25% | 11.79% | 11.34% | -11.68% | - | 6.72% | 12.05% | 9.59% | 8.34% | 6.81% | 16.25% | 10.65% | 13.36% | 14.89% | 8.67% | - | 5.38% | 13.28% | 5.81% | 12.89% | 9.35% | - | - | - |
| EPS 2 | 33.15 | - | 26.57 | 14.21 | 32.59 | 16.62 | -10.07 | - | 9.840 | 20.58 | 30.42 | 14.81 | 11.73 | 29.74 | 20.85 | 50.59 | 34.72 | 19.38 | - | 14.43 | 24.76 | 22.60 | 30.74 | 30.28 | - | - | - |
| Dividend per Share 2 | 11.67 | 11.67 | 13.50 | - | 13.50 | - | - | 13.50 | - | - | 15.00 | - | - | - | 20.00 | 20.00 | - | 30.00 | 17.00 | - | 30.00 | 20.00 | - | 30.00 | 20.00 | 25.00 | 25.00 |
| Announcement Date | 31/10/19 | 27/04/20 | 30/10/20 | 29/10/21 | 29/10/21 | 31/01/22 | 27/04/22 | 27/04/22 | 29/07/22 | 31/10/22 | 31/10/22 | 31/01/23 | 27/04/23 | 31/07/23 | 31/10/23 | 31/10/23 | 31/01/24 | 25/04/24 | - | - | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 5,18,920 | 6,57,022 | 6,41,083 | 6,80,384 | 2,49,066 | 5,55,812 | 4,54,959 | 6,41,993 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 55,925 | 1,14,928 | 1,52,961 | 76,490 | -1,43,268 | 69,530 | 1,08,659 | 1,46,320 |
| ROE (net income / shareholders' equity) | 7.8% | 10.1% | 5.9% | 5.1% | 7.8% | 12.8% | 12.1% | 13.8% |
| ROA (Net income/ Total Assets) | 4.31% | 6.7% | 3.54% | 3.41% | 5.36% | 7.95% | 6.55% | 8.75% |
| Assets 1 | 21,68,857 | 19,26,478 | 21,47,241 | 19,62,438 | 20,35,768 | 25,25,319 | 28,33,308 | 30,32,569 |
| Book Value Per Share 2 | 643.0 | 672.0 | 664.0 | 705.0 | 754.0 | 880.0 | 840.0 | 911.0 |
| Cash Flow per Share 2 | 71.80 | 101.0 | 68.80 | 65.30 | 92.30 | 136.0 | 134.0 | 134.0 |
| Capex 1 | 36,108 | 31,936 | 31,245 | 62,736 | 71,539 | 88,321 | 1,03,309 | 1,08,234 |
| Capex / Sales | 3.88% | 3.25% | 3.25% | 6% | 5.6% | 5.51% | 5.87% | 5.25% |
| Announcement Date | 25/04/19 | 27/04/20 | 27/04/21 | 27/04/22 | 27/04/23 | 25/04/24 | - | - |
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
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
5,010
JPY
Average target price
5,673
JPY
Spread / Average Target
+13.24%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +29.39% | 61.03B | |
| +25.58% | 661B | |
| +26.74% | 566B | |
| -6.56% | 352B | |
| +19.60% | 332B | |
| +3.25% | 283B | |
| +13.43% | 231B | |
| +4.71% | 200B | |
| -9.53% | 195B | |
| -5.15% | 145B |
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