FIRST BAKING CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 670 JPY | 0.00% |
|
-1.76% | +1.21% |
| 2023 | First Baking Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023 | CI |
| 2016 | Nintendo : market cap doubles to $42 billion since Pokemon GO launch | RE |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 6,910 | 6,695 | 6,834 | 3,829 | 2,700 | 4,583 |
| Enterprise Value (EV) 1 | 8,386 | 8,776 | 9,249 | 6,820 | 4,105 | 5,411 |
| P/E ratio | -13 x | -12.2 x | -18.6 x | -5.18 x | -2.36 x | 9.67 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 0.27 x | 0.27 x | 0.28 x | 0.16 x | 0.11 x | 0.17 x |
| EV / Revenue | 0.33 x | 0.35 x | 0.39 x | 0.29 x | 0.17 x | 0.2 x |
| EV / EBITDA | 76.9 x | 77 x | 43.8 x | -201 x | -43.7 x | 4.85 x |
| EV / FCF | 40.5 x | -16.5 x | -29.5 x | -12.2 x | 3.26 x | 38.5 x |
| FCF Yield | 2.47% | -6.06% | -3.39% | -8.17% | 30.7% | 2.59% |
| Price to Book | 0.77 x | 0.8 x | 0.84 x | 0.51 x | 0.46 x | 0.74 x |
| Nbr of stocks (in thousands) | 6,924 | 6,924 | 6,924 | 6,924 | 6,923 | 6,923 |
| Reference price 2 | 998.0 | 967.0 | 987.0 | 553.0 | 390.0 | 662.0 |
| Announcement Date | 28/03/19 | 27/03/20 | 30/03/21 | 30/03/22 | 30/03/23 | 28/03/24 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 25,145 | 24,751 | 24,021 | 23,864 | 24,390 | 26,442 |
| EBITDA 1 | 109 | 114 | 211 | -34 | -94 | 1,115 |
| EBIT 1 | -571 | -556 | -462 | -632 | -669 | 598 |
| Operating Margin | -2.27% | -2.25% | -1.92% | -2.65% | -2.74% | 2.26% |
| Earnings before Tax (EBT) 1 | -478 | -508 | -321 | -700 | -1,106 | 515 |
| Net income 1 | -531 | -551 | -368 | -739 | -1,145 | 474 |
| Net margin | -2.11% | -2.23% | -1.53% | -3.1% | -4.69% | 1.79% |
| EPS 2 | -76.69 | -79.58 | -53.15 | -106.7 | -165.4 | 68.46 |
| Free Cash Flow 1 | 207 | -531.6 | -313.1 | -557.4 | 1,259 | 140.4 |
| FCF margin | 0.82% | -2.15% | -1.3% | -2.34% | 5.16% | 0.53% |
| FCF Conversion (EBITDA) | 189.91% | - | - | - | - | 12.59% |
| FCF Conversion (Net income) | - | - | - | - | - | 29.61% |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 28/03/19 | 27/03/20 | 30/03/21 | 30/03/22 | 30/03/23 | 28/03/24 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2022 Q1 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 12,115 | 11,703 | 5,778 | 11,654 | 5,927 | 6,265 | 12,804 | 6,676 | 6,665 |
| EBITDA | - | - | - | - | - | - | - | - | - |
| EBIT 1 | -123 | -247 | -100 | -227 | -270 | -59 | -4 | 271 | 304 |
| Operating Margin | -1.02% | -2.11% | -1.73% | -1.95% | -4.56% | -0.94% | -0.03% | 4.06% | 4.56% |
| Earnings before Tax (EBT) 1 | -60 | -190 | 608 | -620 | -243 | -71 | 13 | 272 | 304 |
| Net income 1 | -87 | -214 | 490 | -710 | -181 | -81 | -13 | 264 | 276 |
| Net margin | -0.72% | -1.83% | 8.48% | -6.09% | -3.05% | -1.29% | -0.1% | 3.95% | 4.14% |
| EPS 2 | -12.66 | -30.98 | 70.86 | -102.7 | -26.14 | -11.82 | -1.910 | 38.22 | 39.91 |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 14/08/20 | 13/08/21 | 16/05/22 | 15/08/22 | 14/11/22 | 15/05/23 | 14/08/23 | 14/11/23 | 15/05/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,476 | 2,081 | 2,415 | 2,991 | 1,405 | 828 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 13.54 x | 18.25 x | 11.45 x | -87.97 x | -14.95 x | 0.7426 x |
| Free Cash Flow 1 | 207 | -532 | -313 | -557 | 1,259 | 140 |
| ROE (net income / shareholders' equity) | -5.79% | -6.35% | -4.44% | -9.44% | -17.2% | 7.87% |
| ROA (Net income/ Total Assets) | -1.81% | -1.83% | -1.56% | -2.16% | -2.38% | 2.15% |
| Assets 1 | 29,376 | 30,169 | 23,655 | 34,188 | 48,041 | 22,071 |
| Book Value Per Share 2 | 1,292 | 1,215 | 1,181 | 1,081 | 844.0 | 897.0 |
| Cash Flow per Share 2 | 394.0 | 280.0 | 277.0 | 210.0 | 313.0 | 442.0 |
| Capex 1 | 575 | 836 | 564 | 487 | 323 | 311 |
| Capex / Sales | 2.29% | 3.38% | 2.35% | 2.04% | 1.32% | 1.18% |
| Announcement Date | 28/03/19 | 27/03/20 | 30/03/21 | 30/03/22 | 30/03/23 | 28/03/24 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +1.21% | 28.87M | |
| -24.83% | 15.47B | |
| +17.01% | 8.64B | |
| -1.38% | 4.72B | |
| +2.67% | 4.28B | |
| -5.62% | 3.24B | |
| -33.81% | 1.13B | |
| -42.14% | 671M | |
| +12.54% | 495M | |
| -17.39% | 490M |
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