Financials Japan Aviation Electronics Industry, Limited

Equities

6807

JP3705600009

Electronic Equipment & Parts

Delayed Japan Exchange 11:30:00 04/07/2024 am IST 5-day change 1st Jan Change
2,599 JPY -0.57% Intraday chart for Japan Aviation Electronics Industry, Limited -0.38% -19.41%

Valuation

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 1,18,333 1,62,813 1,81,151 2,09,321 2,26,055 1,76,058 - -
Enterprise Value (EV) 1 80,383 1,17,357 1,33,008 1,56,098 2,22,257 1,64,154 1,57,664 1,49,585
P/E ratio 10.6 x 28.6 x 12.6 x 14.3 x 18.1 x 15.2 x 12.9 x 12.1 x
Yield 3.07% 1.4% 1.76% 2.18% 2.22% 2.18% 2.32% 2.45%
Capitalization / Revenue 0.57 x 0.78 x 0.8 x 0.89 x 1 x 0.77 x 0.73 x 0.7 x
EV / Revenue 0.39 x 0.56 x 0.59 x 0.66 x 0.98 x 0.72 x 0.65 x 0.59 x
EV / EBITDA 2.28 x 3.92 x 3.46 x 4.1 x 6.34 x 4.25 x 3.89 x 3.54 x
EV / FCF 23.8 x 11.4 x 24.3 x 17.3 x 16.3 x 9.61 x 11.1 x 7.68 x
FCF Yield 4.21% 8.79% 4.11% 5.78% 6.13% 10.4% 9% 13%
Price to Book 0.87 x 1.15 x 1.15 x 1.22 x 1.32 x 1.36 x 1.26 x 1.17 x
Nbr of stocks (in thousands) 90,955 90,957 90,985 91,089 91,188 67,352 - -
Reference price 2 1,301 1,790 1,991 2,298 2,479 2,614 2,614 2,614
Announcement Date 24/04/20 27/04/21 27/04/22 27/04/23 24/04/24 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 2,08,106 2,09,711 2,25,079 2,35,864 2,25,781 2,29,349 2,42,231 2,52,477
EBITDA 1 35,280 29,947 38,469 38,117 35,061 38,662 40,569 42,251
EBIT 1 14,150 8,706 18,049 17,562 14,423 16,250 18,368 19,733
Operating Margin 6.8% 4.15% 8.02% 7.45% 6.39% 7.09% 7.58% 7.82%
Earnings before Tax (EBT) 1 15,085 7,880 18,594 19,115 16,393 15,279 17,116 18,752
Net income 1 11,141 5,692 14,325 14,639 12,245 12,059 13,781 14,721
Net margin 5.35% 2.71% 6.36% 6.21% 5.42% 5.26% 5.69% 5.83%
EPS 2 122.5 62.58 157.5 160.8 137.1 171.9 202.3 216.9
Free Cash Flow 1 3,383 10,312 5,473 9,019 13,623 17,080 14,192 19,487
FCF margin 1.63% 4.92% 2.43% 3.82% 6.03% 7.45% 5.86% 7.72%
FCF Conversion (EBITDA) 9.59% 34.43% 14.23% 23.66% 38.86% 44.18% 34.98% 46.12%
FCF Conversion (Net income) 30.37% 181.17% 38.21% 61.61% 111.25% 141.64% 102.98% 132.38%
Dividend per Share 2 40.00 25.00 35.00 50.00 55.00 56.88 60.62 64.00
Announcement Date 24/04/20 27/04/21 27/04/22 27/04/23 24/04/24 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S2 2021 S1 2021 S2 2022 S1 2022 Q3 2022 Q4 2022 S2 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 2026 Q1 2026 S1 2026 S2
Net sales 1 1,07,319 97,175 1,12,536 1,12,025 57,726 55,328 1,13,054 56,452 65,754 1,22,206 61,556 52,102 1,13,658 51,734 61,551 1,13,285 58,065 54,431 1,12,496 53,651 60,185 1,10,990 60,030 55,927 1,16,142 55,766 1,18,594 1,22,745
EBITDA 1 - - - - - - - - - - - - - - 10,067 - 10,030 8,524 - 8,225 10,274 - 10,606 8,999 - 8,358 - -
EBIT 1 6,979 917 7,789 9,223 5,250 3,576 8,826 5,225 5,597 10,822 5,363 1,377 6,740 1,828 4,942 6,770 4,729 2,924 7,653 2,956 4,882 6,844 4,642 3,458 8,150 3,256 8,284 9,094
Operating Margin 6.5% 0.94% 6.92% 8.23% 9.09% 6.46% 7.81% 9.26% 8.51% 8.86% 8.71% 2.64% 5.93% 3.53% 8.03% 5.98% 8.14% 5.37% 6.8% 5.51% 8.11% 6.17% 7.73% 6.18% 7.02% 5.84% 6.99% 7.41%
Earnings before Tax (EBT) 1 - 785 - 8,946 5,057 4,591 9,648 7,749 6,565 14,314 3,455 1,346 4,801 3,046 5,561 8,607 5,400 2,386 7,786 3,012 4,321 6,567 4,228 2,946 7,049 3,566 8,285 8,386
Net income 1 5,276 433 5,259 6,785 3,639 3,901 7,540 5,853 4,872 10,725 2,699 1,215 3,914 2,500 4,211 6,711 4,066 1,468 5,534 2,565 3,710 4,925 3,506 2,523 5,287 2,638 6,214 6,290
Net margin 4.92% 0.45% 4.67% 6.06% 6.3% 7.05% 6.67% 10.37% 7.41% 8.78% 4.38% 2.33% 3.44% 4.83% 6.84% 5.92% 7% 2.7% 4.92% 4.78% 6.16% 4.44% 5.84% 4.51% 4.55% 4.73% 5.24% 5.12%
EPS 2 - 4.760 57.82 74.60 39.99 42.87 82.86 64.32 53.51 117.8 29.61 13.34 42.95 27.44 46.20 73.64 44.59 18.84 63.43 34.00 53.67 73.20 55.65 33.84 78.60 38.30 92.40 93.50
Dividend per Share - 10.00 - 15.00 - - - - - 25.00 - - - - - 25.00 - - - - - - - - - - - -
Announcement Date 24/04/20 28/10/20 27/04/21 27/10/21 26/01/22 27/04/22 27/04/22 27/07/22 26/10/22 26/10/22 27/01/23 27/04/23 27/04/23 27/07/23 27/10/23 27/10/23 29/01/24 24/04/24 24/04/24 - - - - - - - - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 - - - - - - - -
Net Cash position 1 37,950 45,456 48,143 53,223 3,798 11,903 18,393 26,472
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 3,383 10,312 5,473 9,019 13,623 17,080 14,193 19,487
ROE (net income / shareholders' equity) 8.3% 4.1% 9.6% 8.9% 8.2% 9.53% 9.99% 10.2%
ROA (Net income/ Total Assets) 7.55% 3.81% 8.35% 8.46% 6.38% 5.47% 6.2% 6.75%
Assets 1 1,47,566 1,49,398 1,71,574 1,73,068 1,91,890 2,20,586 2,22,279 2,18,088
Book Value Per Share 2 1,499 1,560 1,734 1,879 1,881 1,925 2,067 2,243
Cash Flow per Share 2 355.0 296.0 382.0 387.0 368.0 495.0 515.0 512.0
Capex 1 25,199 18,802 19,870 23,728 21,236 21,000 21,625 20,750
Capex / Sales 12.11% 8.97% 8.83% 10.06% 9.41% 9.16% 8.93% 8.22%
Announcement Date 24/04/20 27/04/21 27/04/22 27/04/23 24/04/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
D-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
8
Last Close Price
2,614 JPY
Average target price
2,849 JPY
Spread / Average Target
+8.98%
Consensus
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