RESONAC HOLDING CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,382 JPY | +1.44% |
|
-9.38% | +20.36% |
| 24/04 | Tech Sector Galvanizes Asian Stock Markets | MT |
| 24/04 | Japanese Shares Lead Asia Rally, Take Cue from Wall Street | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,22,895 | 3,20,505 | 4,37,302 | 3,65,856 | 5,08,992 | 6,12,602 | - | - |
| Enterprise Value (EV) 1 | 5,99,333 | 11,56,920 | 10,31,821 | 12,26,226 | 13,70,035 | 13,71,369 | 13,50,823 | 13,04,673 |
| P/E ratio | 5.79 x | -4.2 x | -31.2 x | 11.9 x | -26.9 x | 28.7 x | 17.5 x | 12.2 x |
| Yield | 4.48% | 2.96% | 2.69% | 3.22% | 2.31% | 1.92% | 2.05% | 2.41% |
| Capitalization / Revenue | 0.47 x | 0.33 x | 0.31 x | 0.26 x | 0.39 x | 0.45 x | 0.43 x | 0.41 x |
| EV / Revenue | 0.66 x | 1.19 x | 0.73 x | 0.88 x | 1.06 x | 1.01 x | 0.94 x | 0.87 x |
| EV / EBITDA | 3.78 x | 23.5 x | 5.09 x | 7.26 x | 13 x | 9.5 x | 7.83 x | 6.54 x |
| EV / FCF | 21.1 x | -5.68 x | 7.17 x | 27.4 x | 62.1 x | 12.8 x | 61.1 x | 24.3 x |
| FCF Yield | 4.73% | -17.6% | 13.9% | 3.64% | 1.61% | 7.83% | 1.64% | 4.11% |
| Price to Book | 0.85 x | 0.79 x | 0.85 x | 0.66 x | 0.92 x | 1.12 x | 1.1 x | 1 x |
| Nbr of stocks (in thousands) | 1,45,876 | 1,45,883 | 1,81,077 | 1,81,117 | 1,81,136 | 1,81,136 | - | - |
| Reference price 2 | 2,899 | 2,197 | 2,415 | 2,020 | 2,810 | 3,382 | 3,382 | 3,382 |
| Announcement Date | 13/02/20 | 17/02/21 | 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 | 9,06,454 | 9,73,700 | 14,19,635 | 13,92,600 | 12,88,900 | 13,62,394 | 14,39,352 | 14,95,393 |
| EBITDA 1 | 1,58,502 | 49,194 | 2,02,644 | 1,68,900 | 1,05,700 | 1,44,340 | 1,72,540 | 1,99,550 |
| EBIT 1 | 1,20,798 | -19,449 | 87,198 | 59,400 | -3,800 | 37,619 | 60,783 | 81,077 |
| Operating Margin | 13.33% | -2% | 6.14% | 4.27% | -0.29% | 2.76% | 4.22% | 5.42% |
| Earnings before Tax (EBT) 1 | 97,883 | -68,260 | 22,926 | 48,600 | -26,200 | 24,848 | 50,930 | 69,936 |
| Net income 1 | 73,088 | -76,304 | -12,094 | 30,800 | -19,000 | 21,625 | 32,000 | 50,367 |
| Net margin | 8.06% | -7.84% | -0.85% | 2.21% | -1.47% | 1.59% | 2.22% | 3.37% |
| EPS 2 | 501.0 | -523.1 | -77.40 | 170.0 | -104.6 | 117.7 | 193.7 | 278.0 |
| Free Cash Flow 1 | 28,338 | -2,03,725 | 1,43,889 | 44,682 | 22,053 | 1,07,325 | 22,105 | 53,600 |
| FCF margin | 3.13% | -20.92% | 10.14% | 3.21% | 1.71% | 7.88% | 1.54% | 3.58% |
| FCF Conversion (EBITDA) | 17.88% | - | 71.01% | 26.45% | 20.86% | 74.36% | 12.81% | 26.86% |
| FCF Conversion (Net income) | 38.77% | - | - | 145.07% | - | 496.3% | 69.08% | 106.42% |
| Dividend per Share 2 | 130.0 | 65.00 | 65.00 | 65.00 | 65.00 | 65.00 | 69.44 | 81.43 |
| Announcement Date | 13/02/20 | 17/02/21 | 14/02/22 | 14/02/23 | 14/02/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,30,960 | 3,26,621 | 6,47,079 | 6,93,358 | 3,58,338 | 3,67,939 | 7,26,277 | 3,08,000 | 3,48,033 | 6,56,033 | 3,78,119 | 3,58,448 | 7,36,567 | 2,98,900 | 3,17,200 | 6,16,126 | 3,26,200 | 3,46,593 | 6,72,774 | 3,31,500 | 3,52,500 | 6,68,000 | 3,64,000 | 3,72,000 | 7,17,000 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 35,327 | -25,795 | 6,346 | 47,566 | 24,359 | 15,272 | 39,632 | 15,400 | 21,682 | 37,082 | 16,454 | 5,864 | 22,318 | -9,200 | -4,000 | -13,165 | 8,900 | 509 | 9,365 | -4,300 | 7,200 | 8,000 | 15,700 | 18,650 | 30,500 |
| Operating Margin | 8.2% | -7.9% | 0.98% | 6.86% | 6.8% | 4.15% | 5.46% | 5% | 6.23% | 5.65% | 4.35% | 1.64% | 3.03% | -3.08% | -1.26% | -2.14% | 2.73% | 0.15% | 1.39% | -1.3% | 2.04% | 1.2% | 4.31% | 5.01% | 4.25% |
| Earnings before Tax (EBT) | - | -49,598 | - | -161 | 15,099 | - | - | 17,621 | - | 44,066 | 3,091 | - | - | -14,746 | - | -14,996 | 22,662 | - | - | - | - | - | - | - | - |
| Net income 1 | 7,275 | -54,575 | -21,729 | -13,412 | 3,082 | -1,764 | 1,318 | 8,400 | 23,327 | 31,727 | 7,953 | -8,880 | -927 | -12,300 | -7,600 | -19,817 | 13,400 | -12,633 | 817 | -11,600 | 2,800 | -5,900 | 9,200 | 10,000 | 17,850 |
| Net margin | 1.69% | -16.71% | -3.36% | -1.93% | 0.86% | -0.48% | 0.18% | 2.73% | 6.7% | 4.84% | 2.1% | -2.48% | -0.13% | -4.12% | -2.4% | -3.22% | 4.11% | -3.64% | 0.12% | -3.5% | 0.79% | -0.88% | 2.53% | 2.69% | 2.49% |
| EPS | - | -374.1 | - | -91.93 | 22.15 | - | - | 46.58 | - | 175.2 | - | - | - | -67.71 | - | -109.4 | 74.26 | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | 65.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 13/02/20 | 12/08/20 | 17/02/21 | 10/08/21 | 10/11/21 | 14/02/22 | 14/02/22 | 11/05/22 | 04/08/22 | 04/08/22 | 07/11/22 | 14/02/23 | 14/02/23 | 15/05/23 | 08/08/23 | 08/08/23 | 09/11/23 | 14/02/24 | 14/02/24 | - | - | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,76,438 | 8,36,415 | 5,94,519 | 8,60,370 | 8,61,043 | 7,58,767 | 7,38,221 | 6,92,071 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.113 x | 17 x | 2.934 x | 5.094 x | 8.146 x | 5.257 x | 4.279 x | 3.468 x |
| Free Cash Flow 1 | 28,338 | -2,03,725 | 1,43,889 | 44,682 | 22,053 | 1,07,325 | 22,105 | 53,600 |
| ROE (net income / shareholders' equity) | 15.5% | -16.9% | -2.6% | 5.8% | -3.4% | 2.37% | 5.5% | 7.79% |
| ROA (Net income/ Total Assets) | 11.1% | -2.68% | 4% | 2.8% | -0.71% | 1.23% | 2.46% | 3.28% |
| Assets 1 | 6,59,278 | 28,45,922 | -3,02,555 | 11,00,601 | 26,57,380 | 17,65,306 | 13,02,136 | 15,34,400 |
| Book Value Per Share 2 | 3,423 | 2,783 | 2,839 | 3,038 | 3,052 | 3,023 | 3,083 | 3,368 |
| Cash Flow per Share 2 | 760.0 | -52.50 | 548.0 | 682.0 | 406.0 | 522.0 | 789.0 | 1,012 |
| Capex 1 | 50,216 | 3,13,011 | 78,600 | 1,07,074 | 96,633 | 1,23,583 | 1,19,967 | 1,20,958 |
| Capex / Sales | 5.54% | 32.15% | 5.54% | 7.69% | 7.5% | 9.07% | 8.33% | 8.09% |
| Announcement Date | 13/02/20 | 17/02/21 | 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
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
3,382
JPY
Average target price
3,927
JPY
Spread / Average Target
+16.10%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +20.36% | 3.89B | |
| +4.70% | 103B | |
| +2.40% | 65.6B | |
| +42.86% | 39.06B | |
| +16.96% | 37.58B | |
| +6.96% | 33.26B | |
| +7.89% | 19.22B | |
| +12.12% | 16.83B | |
| +12.08% | 15.03B | |
| +17.69% | 14.96B |
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- Financials Resonac Holding Corporation
