OTSUKA HOLDINGS CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6,382 JPY | -2.73% |
|
+0.66% | +20.67% |
| 30/04 | Otsuka Holdings' Attributable Profit Jumps 26% in Q1 | MT |
| 29/04 | Otsuka Holdings 2.32 Billion Yen Worth of Shares As Stock Compensation | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 26,47,912 | 23,96,050 | 22,61,269 | 23,36,038 | 28,70,266 | 34,62,491 | - | - |
| Enterprise Value (EV) 1 | 25,00,398 | 22,20,358 | 19,86,216 | 20,58,563 | 24,95,550 | 29,66,118 | 28,27,541 | 26,87,549 |
| P/E ratio | 20.8 x | 16.2 x | 18 x | 17.4 x | 23.6 x | 13.5 x | 14.5 x | 16.6 x |
| Yield | 2.05% | 2.26% | 2.4% | 2.32% | 2.08% | 1.89% | 1.95% | 2.05% |
| Capitalization / Revenue | 1.9 x | 1.68 x | 1.51 x | 1.34 x | 1.42 x | 1.6 x | 1.61 x | 1.62 x |
| EV / Revenue | 1.79 x | 1.56 x | 1.33 x | 1.18 x | 1.24 x | 1.37 x | 1.31 x | 1.26 x |
| EV / EBITDA | 9.91 x | 7.99 x | 8.3 x | 8.43 x | 10.5 x | 6.56 x | 6.62 x | 6.98 x |
| EV / FCF | 23.7 x | 20.2 x | 16.9 x | 15.8 x | 34.5 x | 8.6 x | 12.4 x | 13.1 x |
| FCF Yield | 4.22% | 4.96% | 5.91% | 6.33% | 2.89% | 11.6% | 8.06% | 7.62% |
| Price to Book | 1.5 x | 1.29 x | 1.12 x | 1.05 x | 1.2 x | 1.34 x | 1.26 x | 1.2 x |
| Nbr of stocks (in thousands) | 5,42,272 | 5,42,338 | 5,42,401 | 5,42,634 | 5,42,686 | 5,42,540 | - | - |
| Reference price 2 | 4,883 | 4,418 | 4,169 | 4,305 | 5,289 | 6,382 | 6,382 | 6,382 |
| Announcement Date | 14/02/20 | 12/02/21 | 10/02/22 | 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 | 13,96,200 | 14,22,826 | 14,98,276 | 17,37,998 | 20,18,568 | 21,68,206 | 21,52,743 | 21,38,695 |
| EBITDA 1 | 2,52,275 | 2,78,005 | 2,39,352 | 2,44,084 | 2,37,389 | 4,52,223 | 4,27,117 | 3,84,774 |
| EBIT 1 | 1,76,600 | 1,98,582 | 1,54,497 | 1,50,323 | 1,39,612 | 3,42,084 | 3,13,624 | 2,73,609 |
| Operating Margin | 12.65% | 13.96% | 10.31% | 8.65% | 6.92% | 15.78% | 14.57% | 12.79% |
| Earnings before Tax (EBT) 1 | 1,73,515 | 1,89,988 | 1,63,638 | 1,72,954 | 1,42,655 | 3,36,304 | 3,20,582 | 2,77,832 |
| Net income 1 | 1,27,200 | 1,48,137 | 1,25,463 | 1,34,019 | 1,21,616 | 2,54,478 | 2,33,233 | 2,04,651 |
| Net margin | 9.11% | 10.41% | 8.37% | 7.71% | 6.02% | 11.74% | 10.83% | 9.57% |
| EPS 2 | 234.6 | 273.2 | 231.3 | 247.0 | 224.1 | 472.2 | 439.8 | 383.3 |
| Free Cash Flow 1 | 1,05,501 | 1,10,042 | 1,17,409 | 1,30,273 | 72,244 | 3,45,000 | 2,28,003 | 2,04,825 |
| FCF margin | 7.56% | 7.73% | 7.84% | 7.5% | 3.58% | 15.91% | 10.59% | 9.58% |
| FCF Conversion (EBITDA) | 41.82% | 39.58% | 49.05% | 53.37% | 30.43% | 76.29% | 53.38% | 53.23% |
| FCF Conversion (Net income) | 82.94% | 74.28% | 93.58% | 97.2% | 59.4% | 135.57% | 97.76% | 100.08% |
| Dividend per Share 2 | 100.0 | 100.0 | 100.0 | 100.0 | 110.0 | 120.4 | 124.6 | 130.8 |
| Announcement Date | 14/02/20 | 12/02/21 | 10/02/22 | 14/02/23 | 14/02/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,25,069 | 6,95,443 | 7,18,815 | 3,88,602 | 3,90,859 | 3,80,308 | 4,33,999 | 8,14,307 | 4,51,812 | 4,71,879 | 4,48,344 | 4,99,193 | 9,47,537 | 5,31,543 | 5,39,488 | 5,19,517 | 5,36,229 | 9,85,594 | 5,70,922 | 5,64,696 | - |
| EBITDA 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -35,534 | 1,18,085 | 1,34,033 | - | 1,13,043 | 92,055 | - |
| EBIT 1 | 80,076 | 1,18,008 | 1,11,169 | 46,961 | 7,278 | 20,749 | 46,397 | 67,146 | 58,548 | 35,475 | 76,779 | 53,911 | 1,30,690 | 71,960 | -63,038 | 92,021 | 93,681 | 1,51,026 | 94,575 | 65,732 | - |
| Operating Margin | 11.04% | 16.97% | 15.47% | 12.08% | 1.86% | 5.46% | 10.69% | 8.25% | 12.96% | 7.52% | 17.13% | 10.8% | 13.79% | 13.54% | -11.68% | 17.71% | 17.47% | 15.32% | 16.57% | 11.64% | - |
| Earnings before Tax (EBT) 1 | 80,094 | 1,13,876 | 1,19,207 | 47,101 | -2,670 | 30,985 | 61,803 | 92,788 | 53,211 | 26,955 | 79,242 | 59,591 | 1,38,833 | 74,375 | -70,553 | 1,00,079 | 93,343 | 1,51,026 | 89,821 | 78,674 | - |
| Net income 1 | 59,437 | 86,810 | 91,407 | 35,241 | -1,185 | 23,255 | 46,498 | 69,753 | 41,277 | 22,989 | 61,430 | 41,164 | 1,02,594 | 59,119 | -40,097 | 77,377 | 71,012 | 1,16,044 | 69,997 | 54,738 | - |
| Net margin | 8.2% | 12.48% | 12.72% | 9.07% | -0.3% | 6.11% | 10.71% | 8.57% | 9.14% | 4.87% | 13.7% | 8.25% | 10.83% | 11.12% | -7.43% | 14.89% | 13.24% | 11.77% | 12.26% | 9.69% | - |
| EPS 2 | - | 160.1 | 168.5 | 64.97 | -2.180 | 42.87 | 85.71 | 128.6 | 76.00 | 42.43 | 113.2 | 75.86 | 189.1 | 108.9 | -73.89 | 142.6 | 124.7 | 211.9 | 137.2 | 97.71 | - |
| Dividend per Share 2 | - | 50.00 | 50.00 | - | 50.00 | - | 50.00 | 50.00 | - | 50.00 | - | 50.00 | 50.00 | - | 60.00 | - | 60.00 | - | - | 60.00 | - |
| Announcement Date | 14/02/20 | 07/08/20 | 06/08/21 | 12/11/21 | 10/02/22 | 13/05/22 | 29/07/22 | 29/07/22 | 31/10/22 | 14/02/23 | 12/05/23 | 31/07/23 | 31/07/23 | 31/10/23 | 14/02/24 | 30/04/24 | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 1,47,514 | 1,75,692 | 2,75,053 | 2,77,475 | 3,74,716 | 4,96,373 | 6,34,950 | 7,74,942 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 1,05,501 | 1,10,042 | 1,17,409 | 1,30,273 | 72,244 | 3,45,000 | 2,28,003 | 2,04,825 |
| ROE (net income / shareholders' equity) | 7.3% | 8.2% | 6.5% | 6.3% | 5.3% | 10.1% | 9.23% | 7.61% |
| ROA (Net income/ Total Assets) | 6.86% | 7.29% | 6.01% | 5.84% | 4.41% | 7.46% | 6.83% | 6.01% |
| Assets 1 | 18,53,933 | 20,30,821 | 20,88,798 | 22,95,058 | 27,55,321 | 34,12,062 | 34,12,714 | 34,02,774 |
| Book Value Per Share 2 | 3,257 | 3,416 | 3,708 | 4,101 | 4,411 | 4,766 | 5,061 | 5,299 |
| Cash Flow per Share 2 | 374.0 | 420.0 | 388.0 | 420.0 | 404.0 | 717.0 | 609.0 | 588.0 |
| Capex 1 | 87,133 | 1,22,797 | 1,11,455 | 1,39,319 | 2,10,988 | 1,25,220 | 1,07,020 | 1,11,275 |
| Capex / Sales | 6.24% | 8.63% | 7.44% | 8.02% | 10.45% | 5.78% | 4.97% | 5.2% |
| Announcement Date | 14/02/20 | 12/02/21 | 10/02/22 | 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
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
11
Last Close Price
6,382
JPY
Average target price
6,136
JPY
Spread / Average Target
-3.85%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +20.67% | 22.51B | |
| +19.68% | 43.67B | |
| +13.64% | 14.6B | |
| +14.25% | 13.74B | |
| +43.94% | 11.91B | |
| -8.37% | 7.04B | |
| -0.05% | 6.79B | |
| -8.87% | 5.73B | |
| +10.21% | 5.42B | |
| -2.27% | 4.81B |
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