Financials Frontier Management Inc.

Equities

7038

JP3829550007

Business Support Services

Market Closed - Japan Exchange 11:30:00 02/05/2024 am IST 5-day change 1st Jan Change
1,488 JPY -0.13% Intraday chart for Frontier Management Inc. -1.46% -1.52%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 8,977 8,273 27,330 8,556 14,445 17,707
Enterprise Value (EV) 1 7,036 6,540 25,431 6,772 12,023 13,458
P/E ratio 16.3 x 19.8 x 66.1 x 25.7 x 26.3 x 22.7 x
Yield 1.69% 1.59% 0.5% 1.33% 2.22% 2.71%
Capitalization / Revenue 1.91 x 1.73 x 5.26 x 1.49 x 1.83 x 1.77 x
EV / Revenue 1.5 x 1.37 x 4.9 x 1.18 x 1.52 x 1.34 x
EV / EBITDA 10.1 x 9.38 x 41.1 x 12.6 x 12.1 x 9.92 x
EV / FCF 11.5 x 62.9 x 61.1 x 30.7 x 10.5 x 69.5 x
FCF Yield 8.68% 1.59% 1.64% 3.26% 9.5% 1.44%
Price to Book 4.43 x 3.79 x 11.2 x 3.49 x 4.88 x 4.71 x
Nbr of stocks (in thousands) 12,172 11,404 11,469 11,393 11,456 11,719
Reference price 2 737.5 725.5 2,383 751.0 1,261 1,511
Announcement Date 28/03/19 27/03/20 25/03/21 24/03/22 24/03/23 27/03/24
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 4,690 4,771 5,192 5,741 7,915 10,025
EBITDA 1 695 697 619 537 992 1,356
EBIT 1 673 664 581 501 908 1,252
Operating Margin 14.35% 13.92% 11.19% 8.73% 11.47% 12.49%
Earnings before Tax (EBT) 1 716 635 575 513 866 1,238
Net income 1 472 429 420 338 556 780
Net margin 10.06% 8.99% 8.09% 5.89% 7.02% 7.78%
EPS 2 45.30 36.68 36.05 29.24 47.93 66.47
Free Cash Flow 1 611 104 416.1 220.5 1,142 193.6
FCF margin 13.03% 2.18% 8.01% 3.84% 14.43% 1.93%
FCF Conversion (EBITDA) 87.91% 14.92% 67.23% 41.06% 115.13% 14.28%
FCF Conversion (Net income) 129.45% 24.24% 99.08% 65.24% 205.42% 24.82%
Dividend per Share 2 12.50 11.50 12.00 10.00 28.00 41.00
Announcement Date 28/03/19 27/03/20 25/03/21 24/03/22 24/03/23 27/03/24
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q3 2022 Q1 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3
Net sales 1 2,305 2,582 1,310 2,224 3,972 1,917 2,653 4,991 2,276
EBITDA - - - - - - - - -
EBIT 1 118 74 2 408 543 136 480 695 159
Operating Margin 5.12% 2.87% 0.15% 18.35% 13.67% 7.09% 18.09% 13.93% 6.99%
Earnings before Tax (EBT) 1 126 81 4 416 503 140 478 695 157
Net income 1 81 51 -2 236 277 74 260 406 123
Net margin 3.51% 1.98% -0.15% 10.61% 6.97% 3.86% 9.8% 8.13% 5.4%
EPS 2 7.215 4.460 -0.1200 20.77 24.32 6.410 22.75 35.38 10.58
Dividend per Share - - - - - - - - -
Announcement Date 11/08/20 12/08/21 12/11/21 13/05/22 12/08/22 11/11/22 12/05/23 10/08/23 10/11/23
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,941 1,733 1,899 1,784 2,422 4,249
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 611 104 416 221 1,142 194
ROE (net income / shareholders' equity) 35.8% 21% 18.1% 13.8% 20.7% 16.1%
ROA (Net income/ Total Assets) 15% 12% 10.3% 8.23% 12% 9.47%
Assets 1 3,138 3,562 4,083 4,108 4,643 8,240
Book Value Per Share 2 166.0 192.0 213.0 215.0 258.0 321.0
Cash Flow per Share 2 186.0 152.0 165.0 157.0 279.0 498.0
Capex 1 3 180 2 26 87 37
Capex / Sales 0.06% 3.77% 0.04% 0.45% 1.1% 0.37%
Announcement Date 28/03/19 27/03/20 25/03/21 24/03/22 24/03/23 27/03/24
1JPY in Million2JPY
Estimates
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