Financials Daiseki Eco. Solution Co., Ltd.

Equities

1712

JP3485700003

Environmental Services & Equipment

Market Closed - Japan Exchange Other stock markets 11:30:00 10/05/2024 am IST			5-day change	1st Jan Change
943 ^JPY	+1.40%		+2.72%	-13.17%

04/04	Daiseki Eco. Solution's Profit Up 146% in Fiscal 2024	MT
04/04	Daiseki Eco. Solution Foresees Extraordinary Income of 373 Million Yen Offsetting Loss of 225 Million Yen	MT

Valuation

Fiscal Period: February	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	10,747	14,513	13,802	20,679	15,142	15,834	-	-
Enterprise Value (EV) ¹	16,236	20,251	17,995	23,557	17,865	16,909	15,834	15,834
P/E ratio	19 x	21.4 x	20 x	16.5 x	20.9 x	9.5 x	11.8 x	10.7 x
Yield	0.94%	0.69%	0.73%	0.65%	1.11%	1.19%	1.48%	1.54%
Capitalization / Revenue	0.76 x	1.03 x	0.93 x	1.21 x	0.92 x	0.7 x	0.81 x	0.76 x
EV / Revenue	0.76 x	1.03 x	0.93 x	1.21 x	0.92 x	0.7 x	0.81 x	0.76 x
EV / EBITDA	65,24,415 x	-	-	67,95,752 x	63,51,358 x	-	-	-
EV / FCF	-3.43 x	13.4 x	9.45 x	13.7 x	-	7.63 x	8.57 x	13.4 x
FCF Yield	-29.1%	7.47%	10.6%	7.3%	-	13.1%	11.7%	7.48%
Price to Book	0.91 x	1.17 x	1.06 x	1.44 x	1.02 x	1.03 x	-	-
Nbr of stocks (in thousands)	16,819	16,798	16,811	16,799	16,824	16,791	-	-
Reference price ²	639.0	864.0	821.0	1,231	900.0	943.0	943.0	943.0
Announcement Date	04/04/19	03/04/20	05/04/21	05/04/22	05/04/23	04/04/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	14,193	14,048	14,906	17,082	16,411	24,150	19,450	20,750
EBITDA	1,647	-	-	3,043	2,384	-	-	-
EBIT ¹	898	1,237	1,206	2,102	1,373	2,792	2,300	2,550
Operating Margin	6.33%	8.81%	8.09%	12.31%	8.37%	11.56%	11.83%	12.29%
Earnings before Tax (EBT) ¹	962	1,160	1,222	2,104	1,390	3,021	2,430	2,730
Net income ¹	564	678	689	1,252	724	1,781	1,345	1,480
Net margin	3.97%	4.83%	4.62%	7.33%	4.41%	7.37%	6.92%	7.13%
EPS ²	33.55	40.39	41.00	74.52	43.09	106.0	80.10	88.15
Free Cash Flow ¹	-3,129	1,084	1,460	1,510	-	2,217	1,848	1,185
FCF margin	-22.05%	7.72%	9.79%	8.84%	-	9.18%	9.5%	5.71%
FCF Conversion (EBITDA)	-	-	-	49.62%	-	-	-	-
FCF Conversion (Net income)	-	159.88%	211.9%	120.61%	-	124.48%	137.4%	80.07%
Dividend per Share ²	6.000	6.000	6.000	8.000	10.00	12.00	14.00	14.50
Announcement Date	04/04/19	03/04/20	05/04/21	05/04/22	05/04/23	04/04/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: February	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	2024 S2
Net sales ¹	7,031	7,017	7,406	7,500	4,835	9,099	4,183	3,800	7,983	3,356	4,002	7,358	4,514	4,539	9,053	6,641	6,991	13,632	5,943	4,575	10,518
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	641	596	458	748	811	1,293	531	278	809	187	269	456	474	443	917	891	850	1,741	790	261	1,051
Operating Margin	9.12%	8.49%	6.18%	9.97%	16.77%	14.21%	12.69%	7.32%	10.13%	5.57%	6.72%	6.2%	10.5%	9.76%	10.13%	13.42%	12.16%	12.77%	13.29%	5.7%	9.99%
Earnings before Tax (EBT) ¹	677	483	475	747	818	1,306	517	281	798	185	281	466	475	449	924	957	871	1,828	798	395	1,193
Net income ¹	400	278	258	431	510	797	302	153	455	69	137	206	256	262	518	546	546	1,092	475	214	689
Net margin	5.69%	3.96%	3.48%	5.75%	10.55%	8.76%	7.22%	4.03%	5.7%	2.06%	3.42%	2.8%	5.67%	5.77%	5.72%	8.22%	7.81%	8.01%	7.99%	4.68%	6.55%
EPS	23.81	-	15.39	-	-	47.48	17.95	-	-	4.120	-	12.28	15.22	-	-	32.49	-	65.00	28.26	-	-
Dividend per Share	3.000	-	3.000	-	-	-	-	-	-	-	-	5.000	-	-	-	-	-	5.000	-	-	-
Announcement Date	01/10/19	03/04/20	01/10/20	05/04/21	01/10/21	01/10/21	05/01/22	05/04/22	05/04/22	30/06/22	03/10/22	03/10/22	05/01/23	05/04/23	05/04/23	30/06/23	02/10/23	02/10/23	05/01/24	04/04/24	04/04/24

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: February	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	5,489	5,738	4,193	2,878	2,723	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	3.332 x	-	-	0.9458 x	1.142 x	-	-	-
Free Cash Flow ¹	-3,129	1,084	1,460	1,510	-	2,217	1,848	1,185
ROE (net income / shareholders' equity)	4.8%	5.6%	5.4%	9.1%	4.9%	11.3%	8%	-
ROA (Net income/ Total Assets)	4.41%	6.03%	3.21%	9.93%	6.53%	11.4%	-	-
Assets ¹	12,795	11,252	21,444	12,613	11,084	15,581	-	-
Book Value Per Share	703.0	738.0	777.0	854.0	885.0	977.0	-	-
Cash Flow per Share	78.10	85.60	95.60	131.0	103.0	171.0	-	-
Capex ¹	4,943	386	614	1,046	759	1,008	1,000	1,300
Capex / Sales	34.83%	2.75%	4.12%	6.12%	4.62%	4.17%	5.14%	6.27%
Announcement Date	04/04/19	03/04/20	05/04/21	05/04/22	05/04/23	04/04/24	-	-

¹JPY in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Daiseki Eco. Solution Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

943 JPY

Average target price

2,200 JPY

Spread / Average Target

+133.30%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Environmental Services & Equipment

	1st Jan change	Capi.
DAISEKI ECO. SOLUTION CO., LTD.	-13.17%	102M
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VERALTO CORPORATION	+17.31%	23.82B
TETRA TECH, INC.	+28.04%	11.43B
CLEAN HARBORS, INC.	+21.10%	11.4B
FOMENTO DE CONSTRUCCIONES Y CONTRATAS, S.A.	-9.48%	6.19B
GEM CO., LTD.	+27.11%	4.91B
KURITA WATER INDUSTRIES LTD.	+22.25%	4.86B
CECEP ENVIRONMENTAL PROTECTION CO., LTD.	-2.71%	3.09B

Other Environmental Services & Equipment