SEKISUI CHEMICAL CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,230 JPY | -1.94% |
|
+0.22% | +9.69% |
| 29/04 | Sekisui Chemical Attributable Profit Jumps 12.5% in Fiscal 2024 | MT |
| 26/04 | Sekisui Chemical Co., Ltd. Provides Year End Dividend Guidance for the Full Year Ending March 31, 2025 | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8,27,125 | 6,54,503 | 9,53,990 | 7,81,130 | 8,05,171 | 9,39,479 | - | - |
| Enterprise Value (EV) 1 | 8,11,089 | 6,95,348 | 9,85,021 | 7,38,982 | 8,24,548 | 9,39,691 | 9,34,593 | 9,05,520 |
| P/E ratio | 12.6 x | 11.2 x | 23.1 x | 21.1 x | 11.8 x | 12.2 x | 12.1 x | 11.3 x |
| Yield | 2.47% | 3.21% | 2.21% | 2.79% | 3.14% | 3.32% | 3.39% | 3.51% |
| Capitalization / Revenue | 0.72 x | 0.58 x | 0.9 x | 0.67 x | 0.65 x | 0.75 x | 0.72 x | 0.69 x |
| EV / Revenue | 0.71 x | 0.62 x | 0.93 x | 0.64 x | 0.66 x | 0.75 x | 0.71 x | 0.67 x |
| EV / EBITDA | 5.91 x | 5.22 x | 8.44 x | 5.37 x | 5.72 x | 6.39 x | 5.89 x | 5.28 x |
| EV / FCF | 32.3 x | 17.4 x | 49.5 x | 6.86 x | 68.1 x | 22.2 x | 19.5 x | 25.9 x |
| FCF Yield | 3.1% | 5.75% | 2.02% | 14.6% | 1.47% | 4.51% | 5.14% | 3.87% |
| Price to Book | 1.36 x | 1.07 x | 1.43 x | 1.16 x | 1.14 x | 1.19 x | 1.13 x | 1.09 x |
| Nbr of stocks (in thousands) | 4,64,938 | 4,56,736 | 4,48,937 | 4,44,076 | 4,29,196 | 4,21,386 | - | - |
| Reference price 2 | 1,779 | 1,433 | 2,125 | 1,759 | 1,876 | 2,230 | 2,230 | 2,230 |
| Announcement Date | 25/04/19 | 27/04/20 | 27/04/21 | 27/04/22 | 28/04/23 | 26/04/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 11,42,713 | 11,29,254 | 10,56,560 | 11,57,945 | 12,42,521 | 12,56,538 | 13,08,525 | 13,53,100 |
| EBITDA 1 | 1,37,323 | 1,33,230 | 1,16,645 | 1,37,583 | 1,44,072 | 1,47,071 | 1,58,688 | 1,71,659 |
| EBIT 1 | 95,686 | 87,768 | 67,300 | 88,879 | 91,666 | 94,399 | 1,01,000 | 1,12,833 |
| Operating Margin | 8.37% | 7.77% | 6.37% | 7.68% | 7.38% | 7.51% | 7.72% | 8.34% |
| Earnings before Tax (EBT) 1 | 93,908 | 83,581 | 63,179 | 69,859 | 99,494 | 1,11,479 | 1,08,000 | 1,17,000 |
| Net income 1 | 66,093 | 58,931 | 41,544 | 37,067 | 69,263 | 77,930 | 72,250 | 82,167 |
| Net margin | 5.78% | 5.22% | 3.93% | 3.2% | 5.57% | 6.2% | 5.52% | 6.07% |
| EPS 2 | 141.7 | 128.2 | 91.92 | 83.17 | 159.2 | 183.5 | 184.2 | 197.2 |
| Free Cash Flow 1 | 25,131 | 39,964 | 19,912 | 1,07,717 | 12,113 | 42,358 | 48,000 | 35,000 |
| FCF margin | 2.2% | 3.54% | 1.88% | 9.3% | 0.97% | 3.37% | 3.67% | 2.59% |
| FCF Conversion (EBITDA) | 18.3% | 30% | 17.07% | 78.29% | 8.41% | 28.8% | 30.25% | 20.39% |
| FCF Conversion (Net income) | 38.02% | 67.81% | 47.93% | 290.6% | 17.49% | 54.35% | 66.44% | 42.6% |
| Dividend per Share 2 | 44.00 | 46.00 | 47.00 | 49.00 | 59.00 | 74.00 | 75.50 | 78.33 |
| Announcement Date | 25/04/19 | 27/04/20 | 27/04/21 | 27/04/22 | 28/04/23 | 26/04/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 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 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,56,515 | 4,90,041 | 2,99,346 | 5,47,942 | 2,90,708 | 3,19,294 | 2,82,271 | 3,25,494 | 6,07,765 | 3,04,466 | 3,30,290 | 2,85,393 | 3,25,901 | 6,11,294 | 3,12,636 | 3,32,608 | 6,45,244 | 2,90,000 | 3,44,600 | 6,34,600 | 6,92,100 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 41,497 | 22,149 | 24,400 | 35,520 | 21,933 | 31,426 | 13,844 | 26,500 | 40,344 | 22,122 | 29,200 | 15,285 | 25,870 | 41,155 | 24,678 | 28,566 | 53,244 | 16,000 | 26,800 | 42,800 | 59,200 |
| Operating Margin | 7.46% | 4.52% | 8.15% | 6.48% | 7.54% | 9.84% | 4.9% | 8.14% | 6.64% | 7.27% | 8.84% | 5.36% | 7.94% | 6.73% | 7.89% | 8.59% | 8.25% | 5.52% | 7.78% | 6.74% | 8.55% |
| Earnings before Tax (EBT) 1 | 41,163 | 19,194 | -6,573 | 12,414 | 25,158 | 32,287 | 20,911 | 32,619 | 53,530 | 19,598 | 26,366 | 35,590 | 29,350 | 64,940 | 20,926 | 25,613 | - | 18,500 | 28,500 | 47,000 | 61,000 |
| Net income 1 | 29,633 | 12,690 | -16,447 | -3,914 | 16,648 | 24,333 | 14,578 | 24,523 | 39,101 | 13,700 | 16,462 | 24,129 | 20,321 | 44,450 | 13,982 | 19,498 | 33,480 | 12,500 | 19,500 | 32,000 | 43,000 |
| Net margin | 5.32% | 2.59% | -5.49% | -0.71% | 5.73% | 7.62% | 5.16% | 7.53% | 6.43% | 4.5% | 4.98% | 8.45% | 6.24% | 7.27% | 4.47% | 5.86% | 5.19% | 4.31% | 5.66% | 5.04% | 6.21% |
| EPS 2 | 64.17 | 27.93 | -36.78 | -8.760 | 37.30 | 54.63 | 33.08 | 56.10 | 89.18 | 31.70 | 38.31 | 56.40 | 47.78 | 104.2 | 33.04 | 46.26 | - | 29.80 | 46.70 | 76.50 | 103.0 |
| Dividend per Share 2 | 23.00 | 23.00 | 24.00 | 24.00 | - | 25.00 | - | 29.00 | 29.00 | - | 30.00 | - | 35.00 | 35.00 | - | 36.00 | - | - | 35.00 | 35.00 | 38.00 |
| Announcement Date | 30/10/19 | 29/10/20 | 28/10/21 | 28/10/21 | 31/01/22 | 27/04/22 | 28/07/22 | 27/10/22 | 27/10/22 | 30/01/23 | 28/04/23 | 28/07/23 | 30/10/23 | 30/10/23 | 30/01/24 | 26/04/24 | 26/04/24 | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 40,845 | 31,031 | - | 19,377 | 5,496 | - | - |
| Net Cash position 1 | 16,036 | - | - | 42,148 | - | - | 4,886 | 33,959 |
| Leverage (Debt/EBITDA) | - | 0.3066 x | 0.266 x | - | 0.1345 x | 0.0371 x | - | - |
| Free Cash Flow 1 | 25,131 | 39,964 | 19,912 | 1,07,717 | 12,113 | 42,358 | 48,000 | 35,000 |
| ROE (net income / shareholders' equity) | 11.1% | 10.1% | 6.5% | 5.5% | 10% | 10.4% | 9.52% | 10.3% |
| ROA (Net income/ Total Assets) | 9.21% | 8.18% | 5.56% | 8.26% | 8.59% | 8.3% | 8.1% | 8.5% |
| Assets 1 | 7,17,660 | 7,20,095 | 7,46,841 | 4,48,824 | 8,06,328 | 9,38,570 | 8,91,975 | 9,66,667 |
| Book Value Per Share 2 | 1,308 | 1,334 | 1,486 | 1,519 | 1,643 | 1,880 | 1,979 | 2,037 |
| Cash Flow per Share 2 | 225.0 | 220.0 | 191.0 | 186.0 | 272.0 | 304.0 | 321.0 | 329.0 |
| Capex 1 | 73,595 | 52,683 | 55,359 | 53,923 | 59,349 | 64,274 | 75,000 | 75,000 |
| Capex / Sales | 6.44% | 4.67% | 5.24% | 4.66% | 4.78% | 5.12% | 5.73% | 5.54% |
| Announcement Date | 25/04/19 | 27/04/20 | 27/04/21 | 27/04/22 | 28/04/23 | 26/04/24 | - | - |
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
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
2,230
JPY
Average target price
2,278
JPY
Spread / Average Target
+2.15%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +9.69% | 6.11B | |
| -2.30% | 47.9B | |
| +13.00% | 23.95B | |
| +3.86% | 18.46B | |
| +17.08% | 15.45B | |
| +20.27% | 12.63B | |
| +27.53% | 7.13B | |
| +7.51% | 6.35B | |
| +7.22% | 5.95B | |
| -5.34% | 5.91B |
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