KAORI HEAT TREATMENT CO., LTD. Financials Kaori Heat Treatment Co., Ltd.
Equities
8996
TW0008996000
Industrial Machinery & Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 436 TWD | +2.11% |
|
+2.83% | +95.52% |
| 01/04 | Kaori Heat Treatment Co., Ltd. Announces Adjustment to Cash Dividend Payout Ratio | CI |
| 15/03 | Kaori Heat Treatment Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,675 | 4,916 | 5,756 | 16,804 | 19,933 | 38,971 | - | - |
| Enterprise Value (EV) 1 | 4,675 | 4,916 | 5,756 | 17,988 | 20,688 | 39,963 | 39,887 | 39,262 |
| P/E ratio | - | - | 38.6 x | 55.8 x | 34.6 x | 50.6 x | 30.4 x | 27.2 x |
| Yield | - | 3.09% | - | 0.8% | 1.79% | 0.89% | 1.63% | 1.77% |
| Capitalization / Revenue | 2.24 x | 2.37 x | - | 5.91 x | 4.61 x | 8.89 x | 5.03 x | 4.36 x |
| EV / Revenue | 2.24 x | 2.37 x | - | 6.33 x | 4.78 x | 9.12 x | 5.15 x | 4.4 x |
| EV / EBITDA | - | - | - | 39.1 x | 24.6 x | 42.7 x | 21.8 x | 19.7 x |
| EV / FCF | - | -9.36 x | - | -46.5 x | 62.7 x | 205 x | 95.3 x | 34.1 x |
| FCF Yield | - | -10.7% | - | -2.15% | 1.6% | 0.49% | 1.05% | 2.93% |
| Price to Book | 2.56 x | 2.56 x | - | 8.16 x | 7.37 x | 14.4 x | 10.1 x | 8.23 x |
| Nbr of stocks (in thousands) | 89,384 | 89,384 | 89,384 | 89,384 | 89,384 | 89,384 | - | - |
| Reference price 2 | 52.30 | 55.00 | 64.40 | 188.0 | 223.0 | 436.0 | 436.0 | 436.0 |
| Announcement Date | 22/03/20 | 24/03/21 | 28/03/22 | 25/03/23 | 15/03/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,083 | 2,076 | - | 2,844 | 4,326 | 4,383 | 7,747 | 8,932 |
| EBITDA 1 | - | - | - | 460 | 840.6 | 935 | 1,832 | 1,994 |
| EBIT 1 | 204 | 170.3 | - | 346.1 | 711.4 | 927.4 | 1,710 | 1,859 |
| Operating Margin | 9.79% | 8.2% | - | 12.17% | 16.45% | 21.16% | 22.07% | 20.81% |
| Earnings before Tax (EBT) 1 | - | - | - | 389.9 | 729.6 | 993.2 | 1,696 | 1,876 |
| Net income 1 | - | - | 149.2 | 301 | 576.5 | 784.8 | 1,324 | 1,466 |
| Net margin | - | - | - | 10.59% | 13.33% | 17.9% | 17.09% | 16.41% |
| EPS 2 | - | - | 1.670 | 3.370 | 6.450 | 8.612 | 14.35 | 16.04 |
| Free Cash Flow 1 | - | -525.2 | - | -387.1 | 330.2 | 194.8 | 418.3 | 1,151 |
| FCF margin | - | -25.29% | - | -13.61% | 7.63% | 4.44% | 5.4% | 12.89% |
| FCF Conversion (EBITDA) | - | - | - | - | 39.28% | 20.83% | 22.83% | 57.74% |
| FCF Conversion (Net income) | - | - | - | - | 57.27% | 24.82% | 31.6% | 78.54% |
| Dividend per Share 2 | - | 1.700 | - | 1.500 | 4.000 | 3.880 | 7.112 | 7.700 |
| Announcement Date | 22/03/20 | 24/03/21 | 28/03/22 | 25/03/23 | 15/03/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 761.2 | 899.4 | 970.5 | 1,308 | 1,148 | 899.6 | 797.9 | 955 | 1,210 | 1,420 | 1,662 | 1,918 |
| EBITDA 1 | - | - | - | - | 268.6 | 268.4 | 108.9 | 134.9 | 190 | 281 | 359 | 346 | 432 |
| EBIT 1 | - | 98.66 | 122.7 | 164.6 | 237.8 | 235.8 | 73.24 | 97.84 | 145.5 | 250.8 | 317.8 | 320.3 | 388.7 |
| Operating Margin | - | 12.96% | 13.64% | 16.96% | 18.18% | 20.54% | 8.14% | 12.26% | 15.24% | 20.72% | 22.38% | 19.28% | 20.26% |
| Earnings before Tax (EBT) 1 | - | 119 | 129.2 | 158.6 | 265 | 263.4 | 42.66 | 151.1 | 127 | 233 | 320 | 307 | 379 |
| Net income 1 | 61.71 | 92.28 | 100.5 | 126.7 | 207.6 | 206.1 | 36.13 | 128.6 | 101 | 181 | 248 | 240 | 296 |
| Net margin | - | 12.12% | 11.17% | 13.05% | 15.88% | 17.96% | 4.02% | 16.11% | 10.58% | 14.96% | 17.46% | 14.44% | 15.43% |
| EPS 2 | 0.6900 | 1.030 | 1.130 | 1.420 | 2.320 | 2.300 | 0.4000 | 1.440 | 1.080 | 1.930 | 2.650 | 2.625 | 3.230 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 08/08/22 | 04/11/22 | 25/03/23 | 10/05/23 | 10/08/23 | 13/11/23 | 15/03/24 | 14/05/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 1,184 | 755 | 992 | 915 | 291 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | 2.573 x | 0.8985 x | 1.061 x | 0.4996 x | 0.1457 x |
| Free Cash Flow 1 | - | -525 | - | -387 | 330 | 195 | 418 | 1,151 |
| ROE (net income / shareholders' equity) | - | 6.01% | - | 15.3% | 24.2% | 25.6% | 37.2% | 33.3% |
| ROA (Net income/ Total Assets) | - | 3.6% | - | 7.95% | 12.8% | 13.8% | 21.8% | 20.2% |
| Assets 1 | - | - | - | 3,784 | 4,492 | 5,687 | 6,072 | 7,273 |
| Book Value Per Share 2 | 20.40 | 21.50 | - | 23.00 | 30.20 | 30.40 | 43.10 | 52.90 |
| Cash Flow per Share 2 | - | - | - | -3.220 | 7.590 | 5.150 | 8.160 | 15.40 |
| Capex 1 | - | 584 | - | 99.2 | 349 | 255 | 263 | 240 |
| Capex / Sales | - | 28.11% | - | 3.49% | 8.06% | 5.82% | 3.4% | 2.69% |
| Announcement Date | 22/03/20 | 24/03/21 | 28/03/22 | 25/03/23 | 15/03/24 | - | - | - |
1TWD in Million2TWD
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
427
TWD
Average target price
503.6
TWD
Spread / Average Target
+17.94%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +95.52% | 1.18B | |
| +14.95% | 87.15B | |
| +18.84% | 70.44B | |
| +22.63% | 37.98B | |
| +26.63% | 35.34B | |
| +10.61% | 28.32B | |
| +10.04% | 28B | |
| +4.63% | 27.16B | |
| +20.27% | 25.44B | |
| +10.26% | 25.41B |
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- Financials Kaori Heat Treatment Co., Ltd.