Financials Hakuten Corporation

Equities

2173

JP3766300002

Business Support Services

Delayed Japan Exchange 07:41:06 10/05/2024 am IST 5-day change 1st Jan Change
631 JPY -0.63% Intraday chart for Hakuten Corporation +0.80% +79.26%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 5,746 5,624 2,902 3,945 5,498 5,429
Enterprise Value (EV) 1 6,855 6,127 3,375 4,228 4,968 5,114
P/E ratio 24.5 x 75 x 7.16 x -20.9 x 7.43 x 3.89 x
Yield 1.1% 1.41% 3.23% - 1.39% 9.09%
Capitalization / Revenue 0.49 x 0.44 x 0.22 x 0.54 x 0.52 x 0.31 x
EV / Revenue 0.58 x 0.48 x 0.26 x 0.58 x 0.47 x 0.29 x
EV / EBITDA 9.19 x 6.79 x 4.1 x -10.3 x 7.73 x 3.6 x
EV / FCF 12.9 x 7.5 x 14.2 x -48.5 x 10.4 x -27.2 x
FCF Yield 7.75% 13.3% 7.06% -2.06% 9.58% -3.67%
Price to Book 5.28 x 5.56 x 2.31 x 4.06 x 3.25 x 2.06 x
Nbr of stocks (in thousands) 15,741 15,865 15,644 15,625 15,231 15,422
Reference price 2 365.0 354.5 185.5 252.5 361.0 352.0
Announcement Date 28/06/18 27/06/19 03/07/20 28/06/21 30/06/22 29/03/24
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 11,777 12,873 12,921 7,272 10,626 17,386
EBITDA 1 746 902 824 -411 643 1,421
EBIT 1 455 525 658 -574 544 1,289
Operating Margin 3.86% 4.08% 5.09% -7.89% 5.12% 7.41%
Earnings before Tax (EBT) 1 354 253 616 -301 1,038 1,185
Net income 1 237 77 409 -189 760 866
Net margin 2.01% 0.6% 3.17% -2.6% 7.15% 4.98%
EPS 2 14.91 4.725 25.91 -12.09 48.57 90.38
Free Cash Flow 1 531.2 816.6 238.2 -87.25 475.8 -187.8
FCF margin 4.51% 6.34% 1.84% -1.2% 4.48% -1.08%
FCF Conversion (EBITDA) 71.21% 90.53% 28.91% - 73.99% -
FCF Conversion (Net income) 224.16% 1,060.55% 58.25% - 62.6% -
Dividend per Share 2 4.000 5.000 6.000 - 5.000 32.00
Announcement Date 28/06/18 27/06/19 03/07/20 28/06/21 30/06/22 29/03/24
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period:
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,109 503 473 283 - -
Net Cash position 1 - - - - 530 315
Leverage (Debt/EBITDA) 1.487 x 0.5576 x 0.574 x -0.6886 x - -
Free Cash Flow 1 531 817 238 -87.3 476 -188
ROE (net income / shareholders' equity) 22.7% 7.42% 36.2% -17% 56% 29.6%
ROA (Net income/ Total Assets) 5.4% 7.03% 9.75% -8.14% 7.37% 9.66%
Assets 1 4,387 1,096 4,196 2,323 10,307 8,963
Book Value Per Share 2 69.10 63.80 80.30 62.10 111.0 171.0
Cash Flow per Share 2 73.90 39.60 53.70 129.0 101.0 164.0
Capex 1 88 55 73 63 66 512
Capex / Sales 0.75% 0.43% 0.56% 0.87% 0.62% 2.94%
Announcement Date 28/06/18 27/06/19 03/07/20 28/06/21 30/06/22 29/03/24
1JPY in Million2JPY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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