Financials Hamakyorex Co., Ltd.

Equities

9037

JP3771150004

Ground Freight & Logistics

Market Closed - Japan Exchange Other stock markets 11:30:00 14/05/2024 am IST			5-day change	1st Jan Change
3,900 ^JPY	0.00%		+1.56%	-1.89%

2023	Tranche Update on Hamakyorex Co., Ltd.'s Equity Buyback Plan announced on August 18, 2023.	CI
2023	Hamakyorex Co., Ltd.'s Equity Buyback announced on August 18, 2023 has closed with 34,700 shares, representing 0.18% for ¥141.23 million..	CI

Valuation

Fiscal Period: Marzo	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	80,773	50,022	60,965	53,901	60,589	73,137	-	-
Enterprise Value (EV) ¹	95,475	63,023	74,784	63,287	63,319	73,137	73,137	73,137
P/E ratio	13.7 x	8.02 x	9.5 x	7.57 x	8.19 x	9.44 x	8.76 x	8.36 x
Yield	1.53%	2.66%	2.31%	2.96%	2.95%	2.82%	3.12%	3.36%
Capitalization / Revenue	0.7 x	0.41 x	0.51 x	0.43 x	0.46 x	0.53 x	0.5 x	0.49 x
EV / Revenue	0.7 x	0.41 x	0.51 x	0.43 x	0.46 x	0.53 x	0.5 x	0.49 x
EV / EBITDA	54,15,536 x	32,52,401 x	38,51,736 x	32,54,279 x	35,30,402 x	-	-	-
EV / FCF	1,02,84,278 x	1,31,08,470 x	1,51,84,378 x	71,23,117 x	56,88,017 x	-	-	-
FCF Yield	0%	0%	0%	0%	0%	-	-	-
Price to Book	1.43 x	0.82 x	0.92 x	0.75 x	0.78 x	-	-	-
Nbr of stocks (in thousands)	19,005	19,005	18,787	18,787	18,787	18,753	-	-
Reference price ²	4,250	2,632	3,245	2,869	3,225	3,900	3,900	3,900
Announcement Date	09/05/19	11/05/20	11/05/21	11/05/22	11/05/23	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Marzo	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,15,919	1,22,471	1,18,876	1,25,094	1,31,912	1,39,000	1,45,050	1,49,400
EBITDA	14,915	15,380	15,828	16,563	17,162	-	-	-
EBIT ¹	9,913	10,190	10,563	11,114	11,548	12,250	13,150	13,800
Operating Margin	8.55%	8.32%	8.89%	8.88%	8.75%	8.81%	9.07%	9.24%
Earnings before Tax (EBT) ¹	10,192	10,821	10,910	11,806	12,238	12,800	14,100	15,000
Net income ¹	5,905	6,233	6,427	7,117	7,400	7,750	8,350	8,750
Net margin	5.09%	5.09%	5.41%	5.69%	5.61%	5.58%	5.76%	5.86%
EPS ²	310.7	328.0	341.7	378.8	393.9	413.2	445.2	466.6
Free Cash Flow	7,854	3,816	4,015	7,567	10,652	-	-	-
FCF margin	6.78%	3.12%	3.38%	6.05%	8.08%	-	-	-
FCF Conversion (EBITDA)	52.66%	24.81%	25.37%	45.69%	62.07%	-	-	-
FCF Conversion (Net income)	133.01%	61.22%	62.47%	106.32%	143.95%	-	-	-
Dividend per Share ²	65.00	70.00	75.00	85.00	95.00	110.0	121.5	131.0
Announcement Date	09/05/19	11/05/20	11/05/21	11/05/22	11/05/23	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Maart	2020 S1	2021 S1	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
Net sales ¹	60,314	57,675	30,656	61,267	33,229	30,598	32,547	32,415	64,962	34,939	32,011	33,092	34,271	67,363	37,695	33,442
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	5,075	4,894	2,590	5,504	3,314	2,296	2,888	2,740	5,628	3,574	2,346	2,946	2,694	5,640	4,155	2,522
Operating Margin	8.41%	8.49%	8.45%	8.98%	9.97%	7.5%	8.87%	8.45%	8.66%	10.23%	7.33%	8.9%	7.86%	8.37%	11.02%	7.54%
Earnings before Tax (EBT)	5,329	5,293	-	5,748	3,402	-	3,278	-	6,109	3,662	-	3,187	-	6,180	4,089	-
Net income	3,072	3,154	-	3,389	1,976	-	1,958	-	3,664	2,144	-	1,910	-	3,755	2,397	-
Net margin	5.09%	5.47%	-	5.53%	5.95%	-	6.02%	-	5.64%	6.14%	-	5.77%	-	5.57%	6.36%	-
EPS	161.7	167.5	-	180.4	105.2	-	104.3	-	195.0	114.2	-	101.7	-	200.0	127.8	-
Dividend per Share	35.00	35.00	-	40.00	-	-	-	-	45.00	-	-	-	-	55.00	-	-
Announcement Date	28/10/19	28/10/20	28/10/21	28/10/21	28/01/22	11/05/22	28/07/22	28/10/22	28/10/22	30/01/23	11/05/23	27/07/23	27/10/23	27/10/23	30/01/24	-

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: Maart	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	14,702	13,001	13,819	9,386	2,730	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	0.9857 x	0.8453 x	0.8731 x	0.5667 x	0.1591 x	-	-	-
Free Cash Flow	7,854	3,816	4,015	7,567	10,652	-	-	-
ROE (net income / shareholders' equity)	10.9%	10.6%	10.1%	10.3%	9.9%	-	-	-
ROA (Net income/ Total Assets)	8.94%	8.78%	8.66%	9.03%	8.83%	-	-	-
Assets ¹	66,073	71,017	74,225	78,856	83,799	-	-	-
Book Value Per Share	2,974	3,228	3,515	3,809	4,119	-	-	-
Cash Flow per Share	574.0	601.0	622.0	669.0	693.0	-	-	-
Capex ¹	4,714	8,460	9,958	7,625	5,689	9,000	9,000	9,000
Capex / Sales	4.07%	6.91%	8.38%	6.1%	4.31%	6.47%	6.2%	6.02%
Announcement Date	09/05/19	11/05/20	11/05/21	11/05/22	11/05/23	-	-	-

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 Hamakyorex Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

3,900 JPY

Average target price

3,900 JPY

Spread / Average Target

0.00%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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