FAST RETAILING CO., LTD. Financials Fast Retailing Co., Ltd. OTC Markets
Equities
FRCOY
US31188H1014
Apparel & Accessories Retailers
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 25.59 USD | +1.35% |
|
-0.43% | +3.90% |
| 31/05 | Japan's Nikkei ticks higher as US yields fall | RE |
| 30/05 | Japan's Nikkei sinks below 38,000 as Wall Street, higher yields weigh | RE |
Valuation
| Fiscal Period: August | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 63,51,953 | 64,60,481 | 74,06,445 | 83,73,801 | 1,02,66,710 | 1,23,32,844 | - | - |
| Enterprise Value (EV) 1 | 57,65,382 | 56,87,840 | 66,33,209 | 78,67,587 | 91,29,493 | 1,15,01,525 | 1,12,69,872 | 1,10,65,282 |
| P/E ratio | 39.1 x | 71.5 x | 43.6 x | 30.6 x | 34.7 x | 37.4 x | 34.9 x | 31.6 x |
| Yield | 0.77% | 0.76% | 0.66% | 0.76% | 0.87% | 0.85% | 0.88% | 0.94% |
| Capitalization / Revenue | 2.77 x | 3.22 x | 3.47 x | 3.64 x | 3.71 x | 4.05 x | 3.72 x | 3.42 x |
| EV / Revenue | 2.52 x | 2.83 x | 3.11 x | 3.42 x | 3.3 x | 3.78 x | 3.4 x | 3.07 x |
| EV / EBITDA | 18.8 x | 17.4 x | 15.5 x | 16.5 x | 16.1 x | 17.5 x | 15.9 x | 14.4 x |
| EV / FCF | 26 x | 30.1 x | 19.2 x | 36 x | -82.1 x | 27.8 x | 26 x | 23.7 x |
| FCF Yield | 3.85% | 3.32% | 5.22% | 2.78% | -1.22% | 3.6% | 3.84% | 4.21% |
| Price to Book | 6.77 x | 6.75 x | 6.63 x | 5.36 x | 5.64 x | 6.03 x | 5.39 x | 4.82 x |
| Nbr of stocks (in thousands) | 3,06,167 | 3,06,281 | 3,06,389 | 3,06,545 | 3,06,652 | 3,06,711 | - | - |
| Reference price 2 | 20,747 | 21,093 | 24,173 | 27,317 | 33,480 | 40,210 | 40,210 | 40,210 |
| Announcement Date | 10/10/19 | 15/10/20 | 14/10/21 | 13/10/22 | 12/10/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: August | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 22,90,548 | 20,08,846 | 21,32,992 | 23,01,122 | 27,66,557 | 30,45,850 | 33,11,902 | 36,08,478 |
| EBITDA 1 | 3,06,112 | 3,27,195 | 4,26,921 | 4,77,600 | 5,67,962 | 6,58,374 | 7,08,913 | 7,67,346 |
| EBIT 1 | 2,57,636 | 1,49,347 | 2,49,011 | 2,97,325 | 3,81,090 | 4,55,808 | 5,04,139 | 5,56,331 |
| Operating Margin | 11.25% | 7.43% | 11.67% | 12.92% | 13.77% | 14.96% | 15.22% | 15.42% |
| Earnings before Tax (EBT) 1 | 2,52,447 | 1,52,868 | 2,65,872 | 4,13,584 | 4,37,918 | 5,04,666 | 5,37,741 | 5,93,769 |
| Net income 1 | 1,62,578 | 90,357 | 1,69,847 | 2,73,335 | 2,96,229 | 3,29,089 | 3,52,830 | 3,89,978 |
| Net margin | 7.1% | 4.5% | 7.96% | 11.88% | 10.71% | 10.8% | 10.65% | 10.81% |
| EPS 2 | 531.1 | 295.0 | 554.4 | 891.8 | 966.1 | 1,076 | 1,152 | 1,274 |
| Free Cash Flow 1 | 2,21,749 | 1,88,887 | 3,46,371 | 2,18,591 | -1,11,186 | 4,13,674 | 4,33,040 | 4,65,914 |
| FCF margin | 9.68% | 9.4% | 16.24% | 9.5% | -4.02% | 13.58% | 13.08% | 12.91% |
| FCF Conversion (EBITDA) | 72.44% | 57.73% | 81.13% | 45.77% | - | 62.83% | 61.09% | 60.72% |
| FCF Conversion (Net income) | 136.4% | 209.05% | 203.93% | 79.97% | - | 125.7% | 122.73% | 119.47% |
| Dividend per Share 2 | 160.0 | 160.0 | 160.0 | 206.7 | 290.0 | 341.8 | 355.6 | 377.7 |
| Announcement Date | 10/10/19 | 15/10/20 | 14/10/21 | 13/10/22 | 12/10/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: August | 2020 S1 | 2021 S1 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 12,08,512 | 12,02,864 | 9,30,128 | 6,27,391 | 5,91,585 | 12,18,977 | 5,46,129 | 5,36,016 | 7,16,393 | 7,50,957 | 14,67,350 | 6,76,154 | 6,23,053 | 8,10,833 | 7,88,166 | 15,98,999 | 7,36,374 | 6,87,337 | 8,98,000 | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 1,36,736 | 1,67,982 | 81,029 | 1,19,406 | 69,871 | 1,89,278 | 81,806 | 26,241 | 1,17,077 | 1,03,186 | 2,20,263 | 1,10,311 | 50,516 | 1,46,686 | 1,10,399 | 2,57,085 | 1,23,378 | 67,851 | 1,64,500 | - | - |
| Operating Margin | 11.31% | 13.97% | 8.71% | 19.03% | 11.81% | 15.53% | 14.98% | 4.9% | 16.34% | 13.74% | 15.01% | 16.31% | 8.11% | 18.09% | 14.01% | 16.08% | 16.75% | 9.87% | 18.32% | - | - |
| Earnings before Tax (EBT) 1 | 1,50,859 | 1,71,482 | - | 1,34,208 | 78,357 | 2,12,566 | 1,36,689 | 64,329 | 1,26,812 | 1,03,687 | 2,30,499 | 1,28,704 | 78,715 | 1,62,471 | 1,36,924 | 2,99,395 | 1,26,042 | 65,463 | 1,77,000 | - | - |
| Net income 1 | 1,00,459 | 1,05,868 | - | 93,592 | 53,252 | 1,46,844 | 90,992 | 35,499 | 85,074 | 68,318 | 1,53,392 | 85,127 | 57,710 | 1,07,800 | 88,112 | 1,95,912 | 83,760 | 43,621 | 1,16,800 | - | - |
| Net margin | 8.31% | 8.8% | - | 14.92% | 9% | 12.05% | 16.66% | 6.62% | 11.88% | 9.1% | 10.45% | 12.59% | 9.26% | 13.29% | 11.18% | 12.25% | 11.37% | 6.35% | 13.01% | - | - |
| EPS 2 | 328.1 | 345.6 | - | 305.4 | 173.7 | 479.1 | 296.8 | 115.8 | 277.5 | 222.8 | 500.3 | 277.6 | 188.2 | 351.5 | 287.3 | 638.8 | 266.6 | 125.9 | - | - | - |
| Dividend per Share 2 | 80.00 | 80.00 | - | - | 93.33 | 93.33 | - | 113.3 | - | 125.0 | 125.0 | - | - | - | 175.0 | 175.0 | - | 185.0 | - | 165.0 | - |
| Announcement Date | 09/04/20 | 08/04/21 | 14/10/21 | 13/01/22 | 14/04/22 | 14/04/22 | 14/07/22 | 13/10/22 | 12/01/23 | 13/04/23 | 13/04/23 | 13/07/23 | 12/10/23 | 11/01/24 | 11/04/24 | 11/04/24 | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: August | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 5,86,571 | 7,72,641 | 7,73,236 | 5,06,214 | 11,37,217 | 8,31,319 | 10,62,972 | 12,67,562 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 2,21,749 | 1,88,887 | 3,46,371 | 2,18,591 | -1,11,186 | 4,13,674 | 4,33,040 | 4,65,914 |
| ROE (net income / shareholders' equity) | 18% | 9.5% | 16.4% | 20.4% | 17.5% | 17.4% | 16.9% | 16.6% |
| ROA (Net income/ Total Assets) | 12.7% | 4.09% | 10.8% | 14.5% | 13.5% | 9.56% | 9.62% | 9.82% |
| Assets 1 | 12,76,432 | 22,11,272 | 15,72,149 | 18,85,069 | 21,94,216 | 34,41,275 | 36,68,432 | 39,70,761 |
| Book Value Per Share 2 | 3,066 | 3,123 | 3,643 | 5,094 | 5,939 | 6,670 | 7,458 | 8,343 |
| Cash Flow per Share 2 | 689.0 | 876.0 | 1,135 | 1,480 | 1,576 | 973.0 | 1,742 | 2,097 |
| Capex 1 | 65,744 | 67,508 | 76,124 | 79,606 | 95,306 | 84,448 | 88,851 | 89,729 |
| Capex / Sales | 2.87% | 3.36% | 3.57% | 3.46% | 3.44% | 2.77% | 2.68% | 2.49% |
| Announcement Date | 10/10/19 | 15/10/20 | 14/10/21 | 13/10/22 | 12/10/23 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
40,210
JPY
Average target price
44,633
JPY
Spread / Average Target
+11.00%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +10.47% | 15TCr | |
| +0.99% | 4.69TCr | |
| -20.50% | 4.22TCr | |
| +5.08% | 2.84TCr | |
| +23.43% | 1.52TCr | |
| +15.03% | 1.43TCr | |
| +18.15% | 999.28Cr | |
| +95.95% | 883.4Cr | |
| +38.50% | 1.08TCr |
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- Financials Fast Retailing Co., Ltd.
