HAPPINET CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,994 JPY | -1.51% |
|
+1.53% | +8.20% |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 33,384 | 31,185 | 24,011 | 33,642 | 33,237 | 41,313 |
| Enterprise Value (EV) 1 | 21,926 | 13,738 | 9,601 | 11,870 | 9,879 | 13,439 |
| P/E ratio | 8.46 x | 11.7 x | 20.1 x | 13.3 x | 9.6 x | 11.8 x |
| Yield | 1.96% | 2.8% | 4.56% | 3.26% | 4.3% | 3.49% |
| Capitalization / Revenue | 0.17 x | 0.13 x | 0.1 x | 0.13 x | 0.12 x | 0.13 x |
| EV / Revenue | 0.11 x | 0.06 x | 0.04 x | 0.05 x | 0.03 x | 0.04 x |
| EV / EBITDA | 4.24 x | 2.65 x | 2.87 x | 2.3 x | 1.47 x | 1.86 x |
| EV / FCF | 182 x | 1.64 x | -4.64 x | 1.42 x | 2.63 x | 2.59 x |
| FCF Yield | 0.55% | 60.9% | -21.6% | 70.3% | 38% | 38.7% |
| Price to Book | 0.91 x | 0.82 x | 0.63 x | 0.82 x | 0.76 x | 0.91 x |
| Nbr of stocks (in thousands) | 21,777 | 21,823 | 21,908 | 21,917 | 22,011 | 22,187 |
| Reference price 2 | 1,533 | 1,429 | 1,096 | 1,535 | 1,510 | 1,862 |
| Announcement Date | 22/06/18 | 21/06/19 | 19/06/20 | 25/06/21 | 24/06/22 | 23/06/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,97,607 | 2,40,398 | 2,33,347 | 2,59,313 | 2,82,441 | 3,07,253 |
| EBITDA 1 | 5,168 | 5,191 | 3,346 | 5,167 | 6,716 | 7,227 |
| EBIT 1 | 4,807 | 4,541 | 2,573 | 4,249 | 5,576 | 5,844 |
| Operating Margin | 2.43% | 1.89% | 1.1% | 1.64% | 1.97% | 1.9% |
| Earnings before Tax (EBT) 1 | 5,823 | 4,349 | 2,168 | 4,214 | 5,586 | 6,124 |
| Net income 1 | 4,031 | 2,735 | 1,224 | 2,591 | 3,554 | 3,561 |
| Net margin | 2.04% | 1.14% | 0.52% | 1% | 1.26% | 1.16% |
| EPS 2 | 181.1 | 122.5 | 54.64 | 115.1 | 157.3 | 157.3 |
| Free Cash Flow 1 | 120.4 | 8,360 | -2,070 | 8,344 | 3,758 | 5,194 |
| FCF margin | 0.06% | 3.48% | -0.89% | 3.22% | 1.33% | 1.69% |
| FCF Conversion (EBITDA) | 2.33% | 161.05% | - | 161.48% | 55.96% | 71.88% |
| FCF Conversion (Net income) | 2.99% | 305.66% | - | 322.02% | 105.74% | 145.87% |
| Dividend per Share 2 | 30.00 | 40.00 | 50.00 | 50.00 | 65.00 | 65.00 |
| Announcement Date | 22/06/18 | 21/06/19 | 19/06/20 | 25/06/21 | 24/06/22 | 23/06/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: März | 2020 S1 | 2021 S1 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2024 Q1 | 2024 S1 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,03,014 | 1,11,340 | 1,25,189 | 95,299 | 61,680 | 1,40,370 | 1,02,014 | 82,299 | 1,60,957 | 1,11,435 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 1,605 | 1,948 | 2,600 | 2,693 | 1,148 | 3,278 | 2,695 | 2,180 | 4,728 | 2,986 |
| Operating Margin | 1.56% | 1.75% | 2.08% | 2.83% | 1.86% | 2.34% | 2.64% | 2.65% | 2.94% | 2.68% |
| Earnings before Tax (EBT) 1 | 1,283 | 1,998 | 2,706 | 2,748 | 1,323 | 3,577 | 2,721 | 2,335 | 5,924 | 3,034 |
| Net income 1 | 763 | 1,260 | 1,707 | 1,825 | 825 | 2,254 | 1,433 | 1,459 | 4,129 | 1,810 |
| Net margin | 0.74% | 1.13% | 1.36% | 1.92% | 1.34% | 1.61% | 1.4% | 1.77% | 2.57% | 1.62% |
| EPS 2 | 34.93 | 57.52 | 77.72 | 83.00 | 37.43 | 101.9 | 64.63 | 65.76 | 185.6 | 81.12 |
| Dividend per Share | 20.00 | 25.00 | 25.00 | - | - | 25.00 | - | - | 25.00 | - |
| Announcement Date | 12/11/19 | 12/11/20 | 11/11/21 | 09/02/22 | 09/08/22 | 14/11/22 | 08/02/23 | 08/08/23 | 10/11/23 | 08/02/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: März | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 11,458 | 17,447 | 14,410 | 21,772 | 23,358 | 27,874 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 120 | 8,360 | -2,070 | 8,344 | 3,758 | 5,195 |
| ROE (net income / shareholders' equity) | 11.7% | 7.32% | 3.21% | 6.55% | 8.42% | 8.03% |
| ROA (Net income/ Total Assets) | 4.4% | 3.78% | 2.21% | 3.46% | 4.14% | 4.07% |
| Assets 1 | 91,680 | 72,395 | 55,442 | 74,986 | 85,808 | 87,552 |
| Book Value Per Share 2 | 1,685 | 1,740 | 1,743 | 1,869 | 1,976 | 2,038 |
| Cash Flow per Share 2 | 526.0 | 799.0 | 658.0 | 993.0 | 1,061 | 1,256 |
| Capex 1 | 109 | 171 | 187 | 452 | 345 | 335 |
| Capex / Sales | 0.06% | 0.07% | 0.08% | 0.17% | 0.12% | 0.11% |
| Announcement Date | 22/06/18 | 21/06/19 | 19/06/20 | 25/06/21 | 24/06/22 | 23/06/23 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +8.20% | 434M | |
| -2.76% | 68.83M |
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