Financials Hirata Corporation Börse Stuttgart

Equities

1ZM

JP3795300007

Industrial Machinery & Equipment

Delayed Börse Stuttgart Other stock markets 11:37:52 26/06/2024 am IST			5-day change	1st Jan Change
38 ^EUR	0.00%		-1.04%	-3.55%

31/05	Hirata Corporation Announces Correction of Production Results for the Year Ended March 31, 2024	CI
21/02	Japanese stocks within reach of record highs, and yet inexpensive	RE

Valuation

Fiscal Period: Marzo	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	79,257	47,783	71,204	56,399	71,132	68,866	-	-
Enterprise Value (EV) ¹	86,781	51,347	77,212	67,200	89,755	1,07,917	91,648	91,653
P/E ratio	17.3 x	27.4 x	17.5 x	20.9 x	16.7 x	18.8 x	12.1 x	10.5 x
Yield	1.64%	0.87%	0.95%	1.2%	1.31%	1.27%	1.81%	2.15%
Capitalization / Revenue	1.03 x	0.73 x	1.09 x	0.84 x	0.91 x	0.98 x	0.7 x	0.66 x
EV / Revenue	1.12 x	0.78 x	1.18 x	1 x	1.14 x	1.3 x	0.93 x	0.87 x
EV / EBITDA	15 x	13 x	12 x	12.6 x	12.1 x	13.7 x	9.03 x	8.22 x
EV / FCF	13.5 x	9.31 x	-31.3 x	-14.8 x	-11.6 x	-15.8 x	15.3 x	51.5 x
FCF Yield	7.43%	10.7%	-3.2%	-6.74%	-8.63%	-6.32%	6.54%	1.94%
Price to Book	1.72 x	1.03 x	1.38 x	1.03 x	1.2 x	1.25 x	0.99 x	0.93 x
Nbr of stocks (in thousands)	10,374	10,376	10,380	10,444	10,384	10,387	-	-
Reference price ²	7,640	4,605	6,860	5,400	6,850	6,630	6,630	6,630
Announcement Date	10/05/19	14/05/20	14/05/21	13/05/22	12/05/23	10/05/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Marzo	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	77,302	65,612	65,255	67,087	78,443	82,839	98,775	1,04,900
EBITDA ¹	5,782	3,963	6,448	5,334	7,414	7,862	10,145	11,150
EBIT ¹	6,249	2,736	4,995	3,856	5,920	6,047	8,250	9,350
Operating Margin	8.08%	4.17%	7.65%	5.75%	7.55%	7.3%	8.35%	8.91%
Earnings before Tax (EBT) ¹	6,215	2,881	5,169	4,267	5,861	6,762	8,250	9,350
Net income ¹	4,637	1,744	4,075	2,682	4,269	4,344	5,675	6,575
Net margin	6%	2.66%	6.24%	4%	5.44%	5.24%	5.75%	6.27%
EPS ²	440.9	168.2	392.7	258.4	411.2	418.3	546.4	633.0
Free Cash Flow ¹	6,444	5,514	-2,470	-4,527	-7,745	-6,825	5,992	1,780
FCF margin	8.34%	8.4%	-3.79%	-6.75%	-9.87%	-8.24%	6.07%	1.7%
FCF Conversion (EBITDA)	111.45%	139.15%	-	-	-	11.34%	59.06%	15.96%
FCF Conversion (Net income)	138.97%	316.17%	-	-	-	18.5%	105.58%	27.06%
Dividend per Share ²	125.0	40.00	65.00	65.00	90.00	100.0	120.0	142.5
Announcement Date	10/05/19	14/05/20	14/05/21	13/05/22	12/05/23	10/05/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2020 S1	2020 S2	2021 S1	2021 S2	2022 Q2	2022 S1	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 S1	2023 Q3	2023 Q4	2023 S2	2024 Q1	2024 Q2	2024 S1	2024 Q3	2024 Q4	2024 S2	2025 Q1	2025 Q2	2025 S1	2025 Q3	2025 Q4	2025 S2
Net sales ¹	28,415	37,197	32,800	32,455	16,762	32,588	17,138	17,360	16,740	17,929	34,669	20,514	23,260	43,774	19,155	18,240	37,395	23,614	21,830	45,444	22,750	23,350	46,000	24,650	25,800	55,000
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	1,104	1,632	2,741	2,254	1,192	2,527	1,193	135.9	1,012	1,365	2,377	2,096	1,446	3,543	1,503	1,608	3,112	2,792	143.1	2,935	1,890	1,985	3,850	2,540	1,585	4,550
Operating Margin	3.89%	4.39%	8.36%	6.95%	7.11%	7.75%	6.96%	0.78%	6.04%	7.62%	6.86%	10.22%	6.22%	8.09%	7.85%	8.82%	8.32%	11.82%	0.66%	6.46%	8.31%	8.5%	8.37%	10.3%	6.14%	8.27%
Earnings before Tax (EBT)	1,247	-	2,834	-	-	2,814	1,233	-	1,156	1,103	2,258	2,175	-	-	1,596	-	3,312	3,376	-	-	-	-	-	-	-	-
Net income ¹	765	979	1,781	-	1,066	1,983	763	-64.44	817.1	926.8	1,743	1,480	1,046	-	1,105	1,198	2,303	2,344	-302.8	-	1,300	1,400	-	1,700	1,000	-
Net margin	2.69%	2.63%	5.43%	-	6.36%	6.09%	4.45%	-0.37%	4.88%	5.17%	5.03%	7.21%	4.5%	-	5.77%	6.57%	6.16%	9.93%	-1.39%	-	5.71%	6%	-	6.9%	3.88%	-
EPS	73.73	-	171.6	-	-	191.1	73.51	-	78.71	-	168.0	142.4	-	-	106.5	-	221.8	225.7	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	08/11/19	14/05/20	12/11/20	14/05/21	12/11/21	12/11/21	10/02/22	13/05/22	10/08/22	11/11/22	11/11/22	10/02/23	12/05/23	12/05/23	10/08/23	10/11/23	10/11/23	09/02/24	10/05/24	10/05/24	-	-	-	-	-	-

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	7,524	3,564	6,008	10,802	18,623	26,378	22,782	22,787
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.301 x	0.8994 x	0.9318 x	2.025 x	2.512 x	3.355 x	2.246 x	2.044 x
Free Cash Flow ¹	6,444	5,514	-2,470	-4,527	-7,745	-6,825	5,992	1,780
ROE (net income / shareholders' equity)	10.1%	3.8%	8.3%	5.1%	7.5%	7%	8.25%	8.9%
ROA (Net income/ Total Assets)	6.76%	3.25%	5.81%	4.43%	5.42%	5.1%	5.8%	6.4%
Assets ¹	68,561	53,637	70,148	60,556	78,731	85,127	97,845	1,02,734
Book Value Per Share ²	4,444	4,477	4,962	5,248	5,699	6,260	6,685	7,164
Cash Flow per Share ²	555.0	286.0	533.0	401.0	555.0	593.0	721.0	809.0
Capex ¹	4,135	2,580	3,160	1,464	2,038	2,853	2,517	2,667
Capex / Sales	5.35%	3.93%	4.84%	2.18%	2.6%	3.44%	2.55%	2.54%
Announcement Date	10/05/19	14/05/20	14/05/21	13/05/22	12/05/23	10/05/24	-	-

¹JPY in Million²JPY

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Hirata Corporation

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

6,630 JPY

Average target price

9,200 JPY

Spread / Average Target

+38.76%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Industrial Machinery