SHIN-ETSU CHEMICAL CO., LTD. Financials Shin-Etsu Chemical Co., Ltd. Bulgaria S.E.
Equities
SEH
JP3371200001
Diversified Chemicals
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 36.29 EUR | +0.68% |
|
+1.87% | -5.00% |
| 26/06 | Japanese Stocks Hit Near-Three-Month High, Boosted by Chipmaker Rally | MT |
| 24/06 | Japan's Nikkei squeezes out gains in choppy session | RE |
Valuation
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 44,61,143 | 77,31,342 | 78,05,404 | 86,21,051 | 1,31,37,294 | 1,23,98,640 | - | - |
| Enterprise Value (EV) 1 | 33,96,737 | 68,92,214 | 63,99,725 | 70,50,213 | 1,14,41,884 | 1,05,58,092 | 1,04,15,473 | 1,01,57,403 |
| P/E ratio | 14.2 x | 26.3 x | 15.6 x | 12.3 x | 25.4 x | 21.4 x | 18.5 x | 16.8 x |
| Yield | 2.05% | 1.34% | 2.13% | 2.34% | 1.52% | 1.85% | 2.08% | 2.37% |
| Capitalization / Revenue | 2.89 x | 5.16 x | 3.76 x | 3.07 x | 5.44 x | 4.76 x | 4.41 x | 4.15 x |
| EV / Revenue | 2.2 x | 4.6 x | 3.09 x | 2.51 x | 4.74 x | 4.05 x | 3.7 x | 3.4 x |
| EV / EBITDA | 6.32 x | 12.9 x | 7.57 x | 5.82 x | 12.3 x | 10.3 x | 8.83 x | 7.99 x |
| EV / FCF | 190 x | 40 x | 21.3 x | 11.7 x | 32.9 x | 19.8 x | 18.1 x | 14 x |
| FCF Yield | 0.53% | 2.5% | 4.68% | 8.53% | 3.04% | 5.06% | 5.51% | 7.15% |
| Price to Book | 1.68 x | 2.75 x | 2.35 x | 2.23 x | 3.09 x | 2.72 x | 2.51 x | 2.32 x |
| Nbr of stocks (in thousands) | 20,78,818 | 20,77,201 | 20,77,010 | 20,16,620 | 19,95,336 | 19,87,599 | - | - |
| Reference price 2 | 2,146 | 3,722 | 3,758 | 4,275 | 6,584 | 6,238 | 6,238 | 6,238 |
| Announcement Date | 28/04/20 | 28/04/21 | 27/04/22 | 27/04/23 | 25/04/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 15,43,525 | 14,96,906 | 20,74,428 | 28,08,824 | 24,14,937 | 26,05,155 | 28,14,036 | 29,91,050 |
| EBITDA 1 | 5,37,213 | 5,36,020 | 8,45,110 | 12,11,834 | 9,28,657 | 10,28,312 | 11,79,263 | 12,71,771 |
| EBIT 1 | 4,06,041 | 3,92,213 | 6,76,322 | 9,98,202 | 7,01,038 | 7,70,956 | 8,97,571 | 9,72,732 |
| Operating Margin | 26.31% | 26.2% | 32.6% | 35.54% | 29.03% | 29.59% | 31.9% | 32.52% |
| Earnings before Tax (EBT) 1 | 4,26,017 | 4,02,145 | 6,96,137 | 10,20,211 | 7,95,673 | 8,37,181 | 9,59,955 | 10,45,990 |
| Net income 1 | 3,14,027 | 2,93,732 | 5,00,117 | 7,08,238 | 5,20,140 | 5,79,100 | 6,66,806 | 7,25,406 |
| Net margin | 20.34% | 19.62% | 24.11% | 25.21% | 21.54% | 22.23% | 23.7% | 24.25% |
| EPS 2 | 151.0 | 141.4 | 240.8 | 347.8 | 259.4 | 291.4 | 338.0 | 370.3 |
| Free Cash Flow 1 | 17,837 | 1,72,375 | 2,99,805 | 6,01,525 | 3,48,297 | 5,34,288 | 5,74,180 | 7,26,156 |
| FCF margin | 1.16% | 11.52% | 14.45% | 21.42% | 14.42% | 20.51% | 20.4% | 24.28% |
| FCF Conversion (EBITDA) | 3.32% | 32.16% | 35.48% | 49.64% | 37.51% | 51.96% | 48.69% | 57.1% |
| FCF Conversion (Net income) | 5.68% | 58.68% | 59.95% | 84.93% | 66.96% | 92.26% | 86.11% | 100.1% |
| Dividend per Share 2 | 44.00 | 50.00 | 80.00 | 100.0 | 100.0 | 115.2 | 130.0 | 147.9 |
| Announcement Date | 28/04/20 | 28/04/21 | 27/04/22 | 27/04/23 | 25/04/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S2 | 2021 S1 | 2021 S2 | 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 | 2026 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,56,983 | 7,10,526 | 7,86,380 | 9,41,341 | 5,42,362 | 5,90,700 | 11,33,087 | 6,56,707 | 7,52,629 | 14,09,336 | 7,53,901 | 6,45,587 | 13,99,488 | 5,99,201 | 5,96,701 | 11,95,902 | 6,27,501 | 5,91,534 | 12,19,035 | 6,08,475 | 6,49,525 | 12,47,500 | 6,96,650 | 6,76,875 | 13,62,950 | 6,91,100 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 1,95,509 | 1,84,317 | 2,07,896 | 2,98,403 | 1,81,709 | 1,96,200 | 3,77,919 | 2,49,620 | 2,86,617 | 5,36,237 | 2,71,990 | 1,89,975 | 4,61,965 | 1,90,820 | 1,91,099 | 3,81,919 | 1,77,609 | 1,41,510 | 3,19,119 | 1,67,750 | 1,87,953 | 3,57,000 | 2,02,850 | 2,04,857 | 4,16,500 | 2,04,900 |
| Operating Margin | 25.83% | 25.94% | 26.44% | 31.7% | 33.5% | 33.21% | 33.35% | 38.01% | 38.08% | 38.05% | 36.08% | 29.43% | 33.01% | 31.85% | 32.03% | 31.94% | 28.3% | 23.92% | 26.18% | 27.57% | 28.94% | 28.62% | 29.12% | 30.27% | 30.56% | 29.65% |
| Earnings before Tax (EBT) 1 | 2,00,702 | 1,92,243 | 2,09,902 | 3,03,522 | 1,86,782 | 2,05,833 | 3,92,615 | 2,62,633 | 2,96,393 | 5,59,026 | 2,65,191 | 1,95,994 | 4,61,185 | 2,24,229 | 2,15,628 | 4,39,857 | 1,74,714 | 1,81,102 | 3,55,816 | 1,82,900 | 1,88,700 | 3,60,000 | 2,15,900 | 2,40,650 | 4,67,000 | 2,17,100 |
| Net income 1 | 1,49,002 | 1,40,306 | 1,53,426 | 2,20,904 | 1,32,231 | 1,46,900 | 2,79,213 | 1,84,124 | 2,08,200 | 3,92,324 | 1,86,195 | 1,29,719 | 3,15,914 | 1,53,633 | 1,47,806 | 3,01,439 | 1,05,090 | 1,13,611 | 2,18,701 | 1,27,000 | 1,31,000 | 2,54,600 | 1,49,450 | 1,68,150 | 3,30,400 | 1,49,500 |
| Net margin | 19.68% | 19.75% | 19.51% | 23.47% | 24.38% | 24.87% | 24.64% | 28.04% | 27.66% | 27.84% | 24.7% | 20.09% | 22.57% | 25.64% | 24.77% | 25.21% | 16.75% | 19.21% | 17.94% | 20.87% | 20.17% | 20.41% | 21.45% | 24.84% | 24.24% | 21.63% |
| EPS 2 | - | 67.49 | - | 106.3 | 63.67 | 70.76 | - | 89.26 | 101.9 | 191.2 | 92.10 | 64.55 | - | 76.13 | 73.52 | 149.6 | 52.79 | 56.97 | - | 64.63 | 72.61 | - | 78.34 | 79.80 | - | 76.95 |
| Dividend per Share 2 | - | 22.00 | - | 30.00 | - | 50.00 | - | - | 45.00 | 45.00 | - | 55.00 | - | - | - | 50.00 | - | 50.00 | - | - | 57.00 | - | - | 57.00 | - | - |
| Announcement Date | 28/04/20 | 27/10/20 | 28/04/21 | 27/10/21 | 27/01/22 | 27/04/22 | 27/04/22 | 27/07/22 | 27/10/22 | 27/10/22 | 26/01/23 | 27/04/23 | 27/04/23 | 27/07/23 | 27/10/23 | 27/10/23 | 26/01/24 | 25/04/24 | 25/04/24 | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 10,64,406 | 8,39,128 | 14,05,679 | 15,70,838 | 16,95,410 | 18,40,548 | 19,83,166 | 22,41,236 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 17,837 | 1,72,375 | 2,99,805 | 6,01,525 | 3,48,297 | 5,34,288 | 5,74,180 | 7,26,156 |
| ROE (net income / shareholders' equity) | 12.3% | 10.7% | 16.3% | 19.7% | 12.8% | 13.1% | 14% | 14.1% |
| ROA (Net income/ Total Assets) | 13.3% | 12.3% | 18.7% | 23.2% | 15.9% | 12.3% | 12.9% | 13.4% |
| Assets 1 | 23,53,540 | 23,96,799 | 26,76,916 | 30,48,892 | 32,63,435 | 47,12,870 | 51,78,122 | 54,32,245 |
| Book Value Per Share 2 | 1,276 | 1,354 | 1,601 | 1,918 | 2,133 | 2,293 | 2,482 | 2,694 |
| Cash Flow per Share 2 | 214.0 | 211.0 | 322.0 | 453.0 | 373.0 | 418.0 | 452.0 | 497.0 |
| Capex 1 | 2,68,365 | 2,28,801 | 2,13,918 | 3,18,046 | 4,06,886 | 3,94,857 | 3,62,500 | 3,21,800 |
| Capex / Sales | 17.39% | 15.28% | 10.31% | 11.32% | 16.85% | 15.16% | 12.88% | 10.76% |
| Announcement Date | 28/04/20 | 28/04/21 | 27/04/22 | 27/04/23 | 25/04/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
6,238
JPY
Average target price
7,034
JPY
Spread / Average Target
+12.77%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -7.37% | 4.32TCr | |
| +4.63% | 3.37TCr | |
| +16.35% | 1.93TCr | |
| +9.07% | 1.15TCr | |
| -11.34% | 942.18Cr | |
| -0.82% | 888Cr | |
| -1.92% | 864.95Cr | |
| +3.37% | 789.79Cr | |
| -14.24% | 564.38Cr |
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