Stock 2503 KIRIN HOLDINGS COMPANY, LIMITED
Add to a list
To use this feature you must be a member
Log inSign up

Financials Kirin Holdings Company, Limited

Equities

2503

JP3258000003

Brewers

Market Closed - Japan Exchange
Other stock markets
 11:30:00 26/04/2024 am IST 		5-day change 1st Jan Change
2,273 JPY +0.04% Intraday chart for Kirin Holdings Company, Limited +2.60% +10.02%
29/03 Nightingale Health Closes Purchase of Japan's Welltus MT
29/03 Nightingale Health Oyj completed the acquisition of Welltus Inc from Mitsui & Co., Ltd. and Kirin Holdings Company, Limited. CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 20,87,869 20,29,969 15,39,639 16,28,570 16,73,206 18,40,843 - -
Enterprise Value (EV) 1 24,45,608 25,02,997 19,41,623 20,63,631 21,98,205 23,56,519 23,31,017 23,16,798
P/E ratio 35.1 x 28.4 x 25.7 x 14.9 x 14.8 x 14 x 12.9 x 11.8 x
Yield 2.68% 2.67% 3.52% 3.43% 3.44% 3.16% 3.39% 3.68%
Capitalization / Revenue 1.08 x 1.1 x 0.85 x 0.82 x 0.78 x 0.82 x 0.8 x 0.78 x
EV / Revenue 1.26 x 1.35 x 1.07 x 1.04 x 1.03 x 1.05 x 1.02 x 0.98 x
EV / EBITDA 8.97 x 10.3 x 7.9 x 7.43 x 7.5 x 8.05 x 7.51 x 7.02 x
EV / FCF 763 x 54.4 x 14.6 x 55.6 x 26.3 x 20.1 x 18.1 x 15.4 x
FCF Yield 0.13% 1.84% 6.85% 1.8% 3.8% 4.97% 5.51% 6.48%
Price to Book 2.29 x 2.42 x 1.72 x 1.66 x 1.48 x 1.52 x 1.43 x 1.35 x
Nbr of stocks (in thousands) 8,73,586 8,34,005 8,33,589 8,09,831 8,09,877 8,09,874 - -
Reference price 2 2,390 2,434 1,847 2,011 2,066 2,273 2,273 2,273
Announcement Date 14/02/20 15/02/21 14/02/22 14/02/23 14/02/24 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 19,41,305 18,49,545 18,21,570 19,89,468 21,34,393 22,38,059 22,90,466 23,64,014
EBITDA 1 2,72,600 2,44,000 2,45,900 2,77,700 2,93,000 2,92,716 3,10,594 3,30,057
EBIT 1 87,727 1,02,919 68,084 1,16,019 1,50,294 1,88,034 2,01,246 2,21,340
Operating Margin 4.52% 5.56% 3.74% 5.83% 7.04% 8.4% 8.79% 9.36%
Earnings before Tax (EBT) 1 1,16,823 1,24,550 99,617 1,91,387 1,97,049 2,22,716 2,38,624 2,60,626
Net income 1 59,642 71,935 59,790 1,11,007 1,12,697 1,31,678 1,41,895 1,53,939
Net margin 3.07% 3.89% 3.28% 5.58% 5.28% 5.88% 6.2% 6.51%
EPS 2 68.00 85.57 71.73 135.1 139.2 162.6 175.7 192.8
Free Cash Flow 1 3,207 46,004 1,32,968 37,083 83,461 1,17,012 1,28,538 1,50,115
FCF margin 0.17% 2.49% 7.3% 1.86% 3.91% 5.23% 5.61% 6.35%
FCF Conversion (EBITDA) 1.18% 18.85% 54.07% 13.35% 28.48% 39.97% 41.38% 45.48%
FCF Conversion (Net income) 5.38% 63.95% 222.39% 33.41% 74.06% 88.86% 90.59% 97.52%
Dividend per Share 2 64.00 65.00 65.00 69.00 71.00 71.92 77.03 83.61
Announcement Date 14/02/20 15/02/21 14/02/22 14/02/23 14/02/24 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2020 S2 2021 S1 2021 Q3 2021 Q4 2021 S2 2022 Q1 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 S1 2025 S2 2026 S1
Net sales 1 8,72,469 - 8,64,024 4,62,523 4,95,023 9,57,546 4,16,745 5,00,303 9,17,048 5,40,106 5,32,314 - 4,50,329 5,19,903 9,70,232 5,77,639 5,86,522 11,64,161 4,90,399 5,55,674 10,66,600 6,05,321 6,04,905 - - - - -
EBITDA - - - 64,800 69,300 - 45,700 68,500 - 85,000 78,500 - - - - - - - - - - - - - - - - -
EBIT 1 49,441 - 41,824 36,651 -49,904 - 20,822 55,315 76,137 52,294 -12,412 - 33,573 3,349 36,922 75,357 38,015 - 28,950 39,200 64,100 65,200 53,500 - - - - -
Operating Margin 5.67% - 4.84% 7.92% -10.08% - 5% 11.06% 8.3% 9.68% -2.33% - 7.46% 0.64% 3.81% 13.05% 6.48% - 5.9% 7.05% 6.01% 10.77% 8.84% - - - - -
Earnings before Tax (EBT) 56,001 - 56,509 43,839 -731 - 28,510 66,737 95,247 1,09,067 -12,927 - 20,063 37,011 57,074 85,368 - - - - - - - - - - - -
Net income 1 33,305 - 23,748 27,879 8,163 - 17,393 37,957 55,350 73,709 -18,052 - 5,591 26,399 31,990 51,923 28,784 - 22,000 25,900 - 44,500 41,000 - - - - -
Net margin 3.82% - 2.75% 6.03% 1.65% - 4.17% 7.59% 6.04% 13.65% -3.39% - 1.24% 5.08% 3.3% 8.99% 4.91% - 4.49% 4.66% - 7.35% 6.78% - - - - -
EPS 2 39.33 - 28.49 33.44 9.800 - 20.87 45.73 66.60 89.77 -21.29 - 6.900 32.60 39.50 64.12 35.54 - 27.16 32.35 - 52.41 48.53 - - - - -
Dividend per Share 2 32.50 32.50 32.50 - 32.50 32.50 - - 32.50 - - 36.50 - - 34.50 - 36.50 36.50 - 35.50 37.50 - 35.50 37.50 - 38.25 39.75 39.75
Announcement Date 07/08/20 15/02/21 10/08/21 09/11/21 14/02/22 14/02/22 12/05/22 08/08/22 08/08/22 09/11/22 14/02/23 14/02/23 11/05/23 08/08/23 08/08/23 08/11/23 14/02/24 14/02/24 - - - - - - - - - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,57,739 4,73,028 4,01,984 4,35,061 5,24,999 5,15,676 4,90,173 4,75,955
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.312 x 1.939 x 1.635 x 1.567 x 1.792 x 1.762 x 1.578 x 1.442 x
Free Cash Flow 1 3,207 46,004 1,32,968 37,083 83,461 1,17,012 1,28,538 1,50,115
ROE (net income / shareholders' equity) 6.6% 8.2% 6.9% 11.8% 10.7% 11.3% 11.6% 11.8%
ROA (Net income/ Total Assets) 4.95% 5.11% 4.04% 7.63% 7.28% 4.43% 4.6% 4.73%
Assets 1 12,03,965 14,07,003 14,79,877 14,54,149 15,47,583 29,70,186 30,84,663 32,52,228
Book Value Per Share 2 1,044 1,006 1,073 1,210 1,398 1,491 1,585 1,682
Cash Flow per Share 2 160.0 183.0 169.0 240.0 247.0 275.0 282.0 309.0
Capex 1 96,397 1,18,835 86,335 1,16,799 1,19,745 1,37,900 1,20,250 1,20,743
Capex / Sales 4.97% 6.43% 4.74% 5.87% 5.61% 6.16% 5.25% 5.11%
Announcement Date 14/02/20 15/02/21 14/02/22 14/02/23 14/02/24 - - -
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 Kirin Holdings Company, Limited

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
12
Last Close Price
2,273 JPY
Average target price
2,291 JPY
Spread / Average Target
+0.78%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Brewers

1st Jan change Capi.
KIRIN HOLDINGS COMPANY, LIMITED Stock Kirin Holdings Company, Limited
+10.02% 11.69B
ANHEUSER-BUSCH INBEV SA/NV Stock Anheuser-Busch InBev SA/NV
-3.94% 119B
DELTA CORPORATION LIMITED Stock Delta Corporation Limited
+384.45% 67.41B
HEINEKEN N.V. Stock Heineken N.V.
-0.59% 55.17B
CONSTELLATION BRANDS, INC. Stock Constellation Brands, Inc.
+7.57% 47.58B
AMBEV S.A. Stock Ambev S.A.
-12.53% 36.89B
HEINEKEN HOLDING N.V. Stock Heineken Holding N.V.
0.00% 23.13B
CARLSBERG A/S Stock Carlsberg A/S
+12.68% 19.06B
BUDWEISER BREWING COMPANY APAC LIMITED Stock Budweiser Brewing Company APAC Limited
-25.17% 18.42B
ASAHI GROUP HOLDINGS, LTD. Stock Asahi Group Holdings, Ltd.
+3.94% 17.59B
Other Brewers
  1. Stock Market
  2. Equities
  3. 2503 Stock
  4. Financials Kirin Holdings Company, Limited