JSR CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,331 JPY | -0.07% |
|
-0.12% | +7.74% |
| 18/04 | JSR's Buyer Completes Tender Offer | MT |
| 16/04 | JICC-02 Co., Ltd. completed the acquisition of 84.362568% stake in JSR Corporation for approximately ¥760 billion. | CI |
Valuation
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,78,191 | 4,27,928 | 7,17,777 | 7,80,742 | 6,46,566 | 8,99,811 | - | - |
| Enterprise Value (EV) 1 | 3,91,691 | 4,48,724 | 7,51,678 | 8,53,042 | 7,50,961 | 9,87,439 | 9,78,032 | 9,73,153 |
| P/E ratio | 12.2 x | 19.1 x | -13 x | 20.9 x | 41.2 x | 63.3 x | 30.7 x | 23 x |
| Yield | 3.5% | 3.01% | 1.8% | 1.93% | 2.25% | 0.76% | 0.92% | 0.85% |
| Capitalization / Revenue | 0.76 x | 0.91 x | 1.61 x | 2.29 x | 1.58 x | 2.18 x | 2.03 x | 1.87 x |
| EV / Revenue | 0.79 x | 0.95 x | 1.68 x | 2.5 x | 1.84 x | 2.39 x | 2.21 x | 2.02 x |
| EV / EBITDA | 6.04 x | 7.57 x | -23.4 x | 12.9 x | 13 x | 19.9 x | 13.2 x | 10.3 x |
| EV / FCF | -11.1 x | 24.1 x | 44.9 x | -19 x | 29.8 x | 82.7 x | 45.5 x | 30.7 x |
| FCF Yield | -9.01% | 4.15% | 2.23% | -5.25% | 3.36% | 1.21% | 2.2% | 3.26% |
| Price to Book | 0.94 x | 1.08 x | 2.15 x | 2.08 x | 1.82 x | 2.43 x | 2.25 x | 2.05 x |
| Nbr of stocks (in thousands) | 2,20,391 | 2,14,716 | 2,14,903 | 2,15,081 | 2,07,565 | 2,07,761 | - | - |
| Reference price 2 | 1,716 | 1,993 | 3,340 | 3,630 | 3,115 | 4,331 | 4,331 | 4,331 |
| Announcement Date | 24/04/19 | 27/04/20 | 26/04/21 | 25/04/22 | 27/04/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,96,746 | 4,71,967 | 4,46,609 | 3,40,997 | 4,08,880 | 4,13,018 | 4,43,475 | 4,81,116 |
| EBITDA 1 | 64,872 | 59,243 | -32,156 | 66,300 | 57,800 | 49,524 | 74,068 | 94,055 |
| EBIT 1 | 43,030 | 32,884 | -61,633 | 43,760 | 29,370 | 23,266 | 42,845 | 56,258 |
| Operating Margin | 8.66% | 6.97% | -13.8% | 12.83% | 7.18% | 5.63% | 9.66% | 11.69% |
| Earnings before Tax (EBT) 1 | 44,176 | 32,629 | -62,430 | 45,521 | 29,846 | 22,974 | 44,298 | 59,584 |
| Net income 1 | 31,116 | 22,604 | -55,155 | 37,303 | 15,784 | 14,295 | 29,513 | 39,537 |
| Net margin | 6.26% | 4.79% | -12.35% | 10.94% | 3.86% | 3.46% | 6.65% | 8.22% |
| EPS 2 | 140.6 | 104.4 | -256.7 | 173.5 | 75.56 | 68.43 | 140.8 | 188.5 |
| Free Cash Flow 1 | -35,300 | 18,636 | 16,734 | -44,800 | 25,200 | 11,933 | 21,500 | 31,720 |
| FCF margin | -7.11% | 3.95% | 3.75% | -13.14% | 6.16% | 2.89% | 4.85% | 6.59% |
| FCF Conversion (EBITDA) | - | 31.46% | - | - | 43.6% | 24.1% | 29.03% | 33.72% |
| FCF Conversion (Net income) | - | 82.45% | - | - | 159.66% | 83.47% | 72.85% | 80.23% |
| Dividend per Share 2 | 60.00 | 60.00 | 60.00 | 70.00 | 70.00 | 32.86 | 40.00 | 36.67 |
| Announcement Date | 24/04/19 | 27/04/20 | 26/04/21 | 25/04/22 | 27/04/23 | - | - | - |
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 | 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 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,40,149 | 2,31,818 | 1,94,047 | 2,52,562 | 85,904 | 1,68,214 | 88,380 | 84,403 | 1,72,783 | 93,298 | 1,03,953 | 1,97,251 | 1,15,705 | 95,924 | 2,11,629 | 85,046 | 95,734 | 1,80,780 | 1,21,062 | 1,01,316 | - | 96,600 | 1,03,800 | 1,09,700 | 94,800 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 18,999 | 13,885 | 1,064 | -62,697 | 11,739 | 22,888 | 19,213 | 1,659 | 20,872 | 7,267 | 10,429 | 17,696 | 14,532 | -2,858 | 11,674 | -6,144 | 3,394 | -2,750 | 15,649 | 9,079 | 30,000 | - | - | - | - |
| Operating Margin | 7.91% | 5.99% | 0.55% | -24.82% | 13.67% | 13.61% | 21.74% | 1.97% | 12.08% | 7.79% | 10.03% | 8.97% | 12.56% | -2.98% | 5.52% | -7.22% | 3.55% | -1.52% | 12.93% | 8.96% | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | 18,894 | 13,735 | -162 | -62,268 | 12,782 | 23,835 | 19,304 | 2,382 | 21,686 | 9,631 | 13,066 | 22,697 | 10,589 | -3,440 | 7,149 | -4,186 | 1,998 | -2,188 | 11,595 | 10,046 | 30,000 | 10,500 | 10,300 | 9,300 | 9,000 |
| Net income 1 | 13,472 | 9,132 | -676 | -54,479 | 9,379 | 17,542 | 17,830 | 1,931 | 19,761 | 5,742 | 9,028 | 14,770 | 4,849 | -3,835 | 1,014 | -2,582 | 439 | -2,143 | 7,506 | 7,519 | 22,600 | 7,500 | 7,400 | 6,800 | 6,300 |
| Net margin | 5.61% | 3.94% | -0.35% | -21.57% | 10.92% | 10.43% | 20.17% | 2.29% | 11.44% | 6.15% | 8.68% | 7.49% | 4.19% | -4% | 0.48% | -3.04% | 0.46% | -1.19% | 6.2% | 7.42% | - | 7.76% | 7.13% | 6.2% | 6.65% |
| EPS 2 | 61.77 | - | -3.150 | - | 43.62 | 81.60 | 82.92 | 8.970 | - | 27.09 | 43.23 | 70.32 | 23.41 | -18.17 | - | -12.44 | 2.120 | -10.32 | 36.15 | 21.38 | - | 36.13 | 35.65 | 32.76 | 30.35 |
| Dividend per Share 2 | 30.00 | - | 30.00 | - | - | 35.00 | - | - | - | - | 35.00 | 35.00 | - | 35.00 | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 28/10/19 | 27/04/20 | 27/10/20 | 26/04/21 | 08/11/21 | 08/11/21 | 31/01/22 | 25/04/22 | 25/04/22 | 01/08/22 | 31/10/22 | 31/10/22 | 06/02/23 | 27/04/23 | 27/04/23 | 07/08/23 | 06/11/23 | 06/11/23 | 05/02/24 | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 13,500 | 20,796 | 33,901 | 72,300 | 1,04,395 | 87,628 | 78,220 | 73,341 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.2081 x | 0.351 x | -1.054 x | 1.09 x | 1.806 x | 1.769 x | 1.056 x | 0.7798 x |
| Free Cash Flow 1 | -35,300 | 18,636 | 16,734 | -44,800 | 25,200 | 11,933 | 21,500 | 31,720 |
| ROE (net income / shareholders' equity) | 7.8% | 5.7% | -15.1% | 10.5% | 4.3% | 4.48% | 8.79% | 10.5% |
| ROA (Net income/ Total Assets) | 6.6% | 4.77% | -9.25% | 6.14% | 3.92% | 5.1% | 7.2% | 8.19% |
| Assets 1 | 4,71,619 | 4,74,244 | 5,96,557 | 6,07,285 | 4,02,962 | 2,80,303 | 4,10,186 | 4,83,040 |
| Book Value Per Share 2 | 1,824 | 1,848 | 1,554 | 1,748 | 1,713 | 1,782 | 1,926 | 2,114 |
| Cash Flow per Share 2 | 239.0 | 226.0 | -120.0 | 278.0 | 212.0 | 223.0 | 302.0 | 356.0 |
| Capex 1 | 36,038 | 43,951 | 53,669 | 41,851 | 44,218 | 37,324 | 40,058 | 42,158 |
| Capex / Sales | 7.25% | 9.31% | 12.02% | 12.27% | 10.81% | 9.04% | 9.03% | 8.76% |
| Announcement Date | 24/04/19 | 27/04/20 | 26/04/21 | 25/04/22 | 27/04/23 | - | - | - |
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
B+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
4,331
JPY
Average target price
4,050
JPY
Spread / Average Target
-6.49%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +7.74% | 5.72B | |
| +11.47% | 63.22B | |
| -3.47% | 46.34B | |
| +13.72% | 39.97B | |
| +17.83% | 25.46B | |
| +7.27% | 18.68B | |
| -0.57% | 17.24B | |
| -21.73% | 15.81B | |
| +0.22% | 14.9B | |
| -19.10% | 13.74B |
- Stock Market
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- Financials JSR Corporation
