KYOEI STEEL LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,118 JPY | -0.80% |
|
-2.13% | +5.95% |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 68,539 | 54,193 | 72,142 | 58,192 | 69,832 | 92,785 | - | - |
| Enterprise Value (EV) 1 | 90,811 | 67,921 | 82,512 | 1,00,346 | 1,11,623 | 1,04,823 | 1,38,221 | 1,40,212 |
| P/E ratio | 10.5 x | 4.72 x | 8.21 x | 9.2 x | 5.33 x | 7.58 x | 7.06 x | 7.36 x |
| Yield | 2.53% | 6.01% | 3.61% | 2.99% | 4.98% | 3.73% | 4.04% | 3.7% |
| Capitalization / Revenue | 0.28 x | 0.23 x | 0.32 x | 0.2 x | 0.2 x | 0.33 x | 0.28 x | 0.26 x |
| EV / Revenue | 0.37 x | 0.28 x | 0.36 x | 0.34 x | 0.31 x | 0.33 x | 0.41 x | 0.4 x |
| EV / EBITDA | 5.36 x | 2.48 x | 3.92 x | 5.68 x | 4.54 x | 4.81 x | 4.45 x | 4.69 x |
| EV / FCF | -6.72 x | 2.79 x | 19.1 x | -13.4 x | 8.51 x | 8.2 x | 22.8 x | 170 x |
| FCF Yield | -14.9% | 35.9% | 5.25% | -7.45% | 11.8% | 12.2% | 4.39% | 0.59% |
| Price to Book | 0.48 x | 0.36 x | 0.47 x | 0.36 x | 0.39 x | 0.54 x | 0.47 x | 0.45 x |
| Nbr of stocks (in thousands) | 43,434 | 43,459 | 43,459 | 43,459 | 43,428 | 43,459 | - | - |
| Reference price 2 | 1,578 | 1,247 | 1,660 | 1,339 | 1,608 | 2,135 | 2,135 | 2,135 |
| Announcement Date | 26/04/19 | 12/05/20 | 30/04/21 | 28/04/22 | 28/04/23 | 30/04/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,42,257 | 2,39,343 | 2,26,371 | 2,92,719 | 3,55,715 | 3,20,982 | 3,37,125 | 3,54,750 |
| EBITDA 1 | 16,933 | 27,435 | 21,058 | 17,659 | 24,589 | 28,500 | 31,050 | 29,900 |
| EBIT 1 | 9,200 | 19,404 | 12,656 | 8,819 | 14,819 | 21,055 | 20,825 | 19,850 |
| Operating Margin | 3.8% | 8.11% | 5.59% | 3.01% | 4.17% | 6.56% | 6.18% | 5.6% |
| Earnings before Tax (EBT) 1 | 8,444 | 17,032 | 12,735 | 10,081 | 13,629 | 15,316 | 19,025 | 18,125 |
| Net income 1 | 6,505 | 11,489 | 8,788 | 6,322 | 13,108 | 13,826 | 13,150 | 12,600 |
| Net margin | 2.69% | 4.8% | 3.88% | 2.16% | 3.68% | 4.31% | 3.9% | 3.55% |
| EPS 2 | 149.8 | 264.4 | 202.2 | 145.5 | 301.6 | 318.1 | 302.6 | 290.0 |
| Free Cash Flow 1 | -13,520 | 24,351 | 4,328 | -7,479 | 13,121 | 12,791 | 6,063 | 822.5 |
| FCF margin | -5.58% | 10.17% | 1.91% | -2.56% | 3.69% | 3.98% | 1.8% | 0.23% |
| FCF Conversion (EBITDA) | - | 88.76% | 20.55% | - | 53.36% | - | 19.53% | 2.75% |
| FCF Conversion (Net income) | - | 211.95% | 49.25% | - | 100.1% | 92.51% | 46.1% | 6.53% |
| Dividend per Share 2 | 40.00 | 75.00 | 60.00 | 40.00 | 80.00 | 90.00 | 86.25 | 79.00 |
| Announcement Date | 26/04/19 | 12/05/20 | 30/04/21 | 28/04/22 | 28/04/23 | 30/04/24 | - | - |
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 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,24,023 | 1,15,320 | 1,05,718 | 1,20,653 | 77,280 | 1,42,203 | 67,815 | 82,701 | 1,50,516 | 91,060 | 91,778 | 1,82,838 | 88,494 | 84,383 | 1,72,877 | 76,625 | 78,913 | 1,55,538 | 81,953 | 83,491 | 1,65,444 | 83,100 | 85,000 | 1,69,200 | 83,300 | 82,450 | 1,52,800 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 10,191 | 9,213 | 7,955 | 4,701 | 3,414 | 5,599 | 1,247 | 1,973 | - | 3,029 | 3,055 | 6,084 | 3,005 | 5,730 | 8,735 | 4,876 | 5,065 | 9,941 | 4,808 | 6,306 | 11,114 | 4,625 | 4,825 | 10,800 | 5,350 | 5,350 | 12,000 |
| Operating Margin | 8.22% | 7.99% | 7.52% | 3.9% | 4.42% | 3.94% | 1.84% | 2.39% | - | 3.33% | 3.33% | 3.33% | 3.4% | 6.79% | 5.05% | 6.36% | 6.42% | 6.39% | 5.87% | 7.55% | 6.72% | 5.57% | 5.68% | 6.38% | 6.42% | 6.49% | 7.85% |
| Earnings before Tax (EBT) 1 | 9,387 | 7,645 | 7,865 | 4,870 | 3,843 | 6,381 | 1,453 | 2,247 | - | 3,240 | 3,130 | 6,370 | 2,738 | 4,521 | 7,259 | 4,882 | 5,134 | 10,016 | 4,731 | 569 | 5,300 | 3,900 | 3,600 | 11,300 | 4,300 | 4,200 | 10,000 |
| Net income 1 | 6,010 | 5,479 | 5,878 | 2,910 | 2,080 | 3,388 | 1,162 | 1,772 | - | 2,049 | 2,008 | 4,057 | 2,138 | 6,913 | 9,051 | 3,944 | 3,917 | 7,861 | 3,709 | 2,256 | 5,965 | 3,250 | 3,200 | 8,000 | 3,450 | 2,900 | 7,000 |
| Net margin | 4.85% | 4.75% | 5.56% | 2.41% | 2.69% | 2.38% | 1.71% | 2.14% | - | 2.25% | 2.19% | 2.22% | 2.42% | 8.19% | 5.24% | 5.15% | 4.96% | 5.05% | 4.53% | 2.7% | 3.61% | 3.91% | 3.76% | 4.73% | 4.14% | 3.52% | 4.58% |
| EPS | 138.3 | - | 135.2 | - | - | 77.97 | 26.72 | - | - | 47.14 | - | 93.34 | 49.21 | - | - | 90.74 | - | 180.9 | 85.35 | - | - | - | - | - | - | - | - |
| Dividend per Share | 10.00 | - | 15.00 | - | - | 15.00 | - | - | - | - | - | 15.00 | - | - | - | - | - | 15.00 | - | - | - | - | - | - | - | - | - |
| Announcement Date | 31/10/19 | 12/05/20 | 30/10/20 | 30/04/21 | 29/10/21 | 29/10/21 | 31/01/22 | 28/04/22 | 28/04/22 | 29/07/22 | 31/10/22 | 31/10/22 | 31/01/23 | 28/04/23 | 28/04/23 | 31/07/23 | 31/10/23 | 31/10/23 | 31/01/24 | 30/04/24 | 30/04/24 | - | - | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 22,272 | 13,728 | 10,370 | 42,154 | 41,791 | 44,319 | 45,436 | 47,427 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.315 x | 0.5004 x | 0.4924 x | 2.387 x | 1.7 x | 1.555 x | 1.463 x | 1.586 x |
| Free Cash Flow 1 | -13,520 | 24,351 | 4,328 | -7,479 | 13,121 | 12,791 | 6,063 | 823 |
| ROE (net income / shareholders' equity) | 4.6% | 7.8% | 5.8% | 4% | 7.7% | 7.4% | 6.73% | 6.18% |
| ROA (Net income/ Total Assets) | 3.49% | 7.08% | 4.65% | 3.54% | 4.5% | 6.08% | 3.8% | 4% |
| Assets 1 | 1,86,643 | 1,62,279 | 1,88,917 | 1,78,737 | 2,91,231 | 2,27,408 | 3,46,053 | 3,15,000 |
| Book Value Per Share 2 | 3,300 | 3,479 | 3,553 | 3,750 | 4,135 | 4,479 | 4,583 | 4,784 |
| Cash Flow per Share | 322.0 | 442.0 | 396.0 | 349.0 | 526.0 | 545.0 | - | - |
| Capex 1 | 5,507 | 8,895 | 10,863 | 12,971 | 9,332 | 11,499 | 19,000 | 17,667 |
| Capex / Sales | 2.27% | 3.72% | 4.8% | 4.43% | 2.62% | 3.58% | 5.64% | 4.98% |
| Announcement Date | 26/04/19 | 12/05/20 | 30/04/21 | 28/04/22 | 28/04/23 | 30/04/24 | - | - |
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-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
2,135
JPY
Average target price
2,252
JPY
Spread / Average Target
+5.50%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +5.95% | 601M | |
| -1.76% | 24.98B | |
| +15.68% | 20.63B | |
| -7.78% | 11.99B | |
| +26.13% | 11.1B | |
| +13.53% | 11.15B | |
| +11.64% | 10.26B | |
| -4.78% | 7.94B | |
| +21.24% | 6.92B | |
| +13.67% | 6.92B |
- Stock Market
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- Financials Kyoei Steel Ltd.