SHIONOGI & CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7,306 JPY | +2.21% |
|
+2.70% | +7.47% |
| 25/04 | Shionogi & Co., Ltd. Revises Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2024 | CI |
| 19/04 | Shionogi & Co Completes Cancellation of 10.84 Million Treasury Shares | MT |
Valuation
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 21,30,768 | 16,15,227 | 17,94,318 | 22,70,169 | 17,59,071 | 20,71,189 | - | - |
| Enterprise Value (EV) 1 | 18,04,875 | 14,14,518 | 15,26,132 | 20,22,423 | 14,59,258 | 15,97,836 | 15,05,396 | 14,20,507 |
| P/E ratio | 16.1 x | 13.4 x | 16.3 x | 19.9 x | 9.62 x | 13.3 x | 14.4 x | 13.6 x |
| Yield | 1.37% | 1.94% | 1.81% | 1.53% | 2.26% | 2.06% | 2.13% | 2.22% |
| Capitalization / Revenue | 5.86 x | 4.85 x | 6.04 x | 6.77 x | 4.12 x | 4.65 x | 4.95 x | 4.8 x |
| EV / Revenue | 4.96 x | 4.24 x | 5.14 x | 6.04 x | 3.42 x | 3.59 x | 3.6 x | 3.29 x |
| EV / EBITDA | 11.4 x | 9.84 x | 11.5 x | 16 x | 8.78 x | 9.05 x | 9.51 x | 8.74 x |
| EV / FCF | 13 x | 11.6 x | 14.7 x | 345 x | 11.3 x | 10.3 x | 9.78 x | 9.24 x |
| FCF Yield | 7.71% | 8.62% | 6.8% | 0.29% | 8.88% | 9.73% | 10.2% | 10.8% |
| Price to Book | 3.2 x | 2.11 x | 2.12 x | 2.33 x | 1.6 x | 1.78 x | 1.65 x | 1.52 x |
| Nbr of stocks (in thousands) | 3,10,970 | 3,03,785 | 3,01,465 | 3,01,483 | 2,94,307 | 2,83,491 | - | - |
| Reference price 2 | 6,852 | 5,317 | 5,952 | 7,530 | 5,977 | 7,306 | 7,306 | 7,306 |
| Announcement Date | 09/05/19 | 11/05/20 | 10/05/21 | 11/05/22 | 10/05/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,63,721 | 3,33,371 | 2,97,177 | 3,35,100 | 4,26,684 | 4,45,161 | 4,18,741 | 4,31,243 |
| EBITDA 1 | 1,57,700 | 1,43,682 | 1,32,238 | 1,26,700 | 1,66,168 | 1,76,548 | 1,58,310 | 1,62,501 |
| EBIT 1 | 1,38,500 | 1,30,628 | 1,17,438 | 1,10,300 | 1,49,003 | 1,57,948 | 1,40,956 | 1,47,986 |
| Operating Margin | 38.08% | 39.18% | 39.52% | 32.92% | 34.92% | 35.48% | 33.66% | 34.32% |
| Earnings before Tax (EBT) 1 | 1,70,343 | 1,58,516 | 1,43,018 | 1,26,300 | 2,20,332 | 1,99,595 | 1,84,725 | 1,93,824 |
| Net income 1 | 1,32,800 | 1,22,193 | 1,11,858 | 1,14,200 | 1,84,965 | 1,59,588 | 1,45,771 | 1,52,846 |
| Net margin | 36.51% | 36.65% | 37.64% | 34.08% | 43.35% | 35.85% | 34.81% | 35.44% |
| EPS 2 | 424.3 | 395.7 | 365.0 | 378.8 | 621.3 | 550.7 | 508.3 | 538.5 |
| Free Cash Flow 1 | 1,39,136 | 1,21,986 | 1,03,778 | 5,864 | 1,29,575 | 1,55,481 | 1,54,000 | 1,53,667 |
| FCF margin | 38.25% | 36.59% | 34.92% | 1.75% | 30.37% | 34.93% | 36.78% | 35.63% |
| FCF Conversion (EBITDA) | 88.23% | 84.9% | 78.48% | 4.63% | 77.98% | 88.07% | 97.28% | 94.56% |
| FCF Conversion (Net income) | 104.77% | 99.83% | 92.78% | 5.13% | 70.05% | 97.43% | 105.65% | 100.54% |
| Dividend per Share 2 | 94.00 | 103.0 | 108.0 | 115.0 | 135.0 | 150.8 | 155.5 | 162.4 |
| Announcement Date | 09/05/19 | 11/05/20 | 10/05/21 | 11/05/22 | 10/05/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 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 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,60,877 | 1,74,081 | 1,48,452 | 76,120 | 1,45,085 | 74,541 | 1,15,500 | 71,800 | 78,900 | 1,50,779 | 1,87,568 | 88,337 | 1,09,312 | 1,21,230 | 2,30,542 | 1,06,279 | 1,09,812 | 94,526 | - | 1,87,740 | - | - |
| EBITDA 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 45,198 | 14,561 | - | - | - | - | - |
| EBIT 1 | 58,161 | 67,070 | 55,308 | 23,870 | 42,664 | 17,758 | 49,900 | 12,400 | 15,800 | 28,224 | 1,18,249 | 2,530 | 46,585 | 51,521 | 98,106 | 40,631 | 18,995 | 34,060 | - | 62,786 | - | - |
| Operating Margin | 36.15% | 38.53% | 37.26% | 31.36% | 29.41% | 23.82% | 43.2% | 17.27% | 20.03% | 18.72% | 63.04% | 2.86% | 42.62% | 42.5% | 42.55% | 38.23% | 17.3% | 36.03% | - | 33.44% | - | - |
| Earnings before Tax (EBT) 1 | 67,386 | 91,178 | 67,189 | 27,891 | 50,832 | 23,952 | 51,500 | 40,300 | 27,700 | 67,978 | 1,30,808 | 21,546 | 55,704 | 59,899 | 1,15,603 | 48,884 | 35,800 | 42,960 | - | 80,586 | - | - |
| Net income 1 | 51,616 | 69,679 | 49,381 | 20,893 | 53,131 | 17,869 | 43,200 | 34,700 | 22,500 | 57,264 | 1,00,465 | 27,236 | 42,562 | 48,031 | 90,593 | 36,629 | 35,558 | 34,060 | - | 62,786 | - | - |
| Net margin | 32.08% | 40.03% | 33.26% | 27.45% | 36.62% | 23.97% | 37.4% | 48.33% | 28.52% | 37.98% | 53.56% | 30.83% | 38.94% | 39.62% | 39.3% | 34.46% | 32.38% | 36.03% | - | 33.44% | - | - |
| EPS 2 | 165.8 | - | 160.8 | 69.30 | 176.2 | 59.27 | 143.2 | 115.2 | 75.04 | 190.2 | 337.6 | 93.50 | 144.6 | 164.0 | 308.6 | 127.2 | 131.5 | 122.6 | - | 226.0 | - | - |
| Dividend per Share 2 | 50.00 | - | 53.00 | - | 55.00 | - | - | - | - | 60.00 | - | - | - | 75.00 | 75.00 | - | 75.00 | - | 80.00 | - | - | 80.00 |
| Announcement Date | 30/10/19 | 11/05/20 | 30/10/20 | 01/11/21 | 01/11/21 | 31/01/22 | 11/05/22 | 01/08/22 | 31/10/22 | 31/10/22 | 30/01/23 | 10/05/23 | 31/07/23 | 31/10/23 | 31/10/23 | 31/01/24 | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 3,25,893 | 2,00,709 | 2,68,186 | 2,47,746 | 2,99,813 | 4,73,352 | 5,65,792 | 6,50,681 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 1,39,136 | 1,21,986 | 1,03,778 | 5,864 | 1,29,575 | 1,55,481 | 1,54,000 | 1,53,667 |
| ROE (net income / shareholders' equity) | 20.9% | 15.5% | 13.9% | 12.5% | 17.8% | 14% | 11.6% | 11.5% |
| ROA (Net income/ Total Assets) | 22.2% | 19.6% | 11.9% | 10.6% | 17.9% | 12.1% | 9.74% | 9.64% |
| Assets 1 | 5,98,424 | 6,25,008 | 9,36,340 | 10,74,793 | 10,33,572 | 13,24,384 | 14,96,622 | 15,85,536 |
| Book Value Per Share 2 | 2,144 | 2,517 | 2,807 | 3,236 | 3,738 | 4,115 | 4,436 | 4,792 |
| Cash Flow per Share 2 | 477.0 | 441.0 | 413.0 | 433.0 | 679.0 | 620.0 | 587.0 | 584.0 |
| Capex 1 | 6,548 | 9,954 | 27,400 | 26,185 | 11,858 | 29,814 | 27,300 | 27,163 |
| Capex / Sales | 1.8% | 2.99% | 9.22% | 7.81% | 2.78% | 6.7% | 6.52% | 6.3% |
| Announcement Date | 09/05/19 | 11/05/20 | 10/05/21 | 11/05/22 | 10/05/23 | - | - | - |
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
13
Last Close Price
7,306
JPY
Average target price
7,721
JPY
Spread / Average Target
+5.68%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +7.47% | 13.16B | |
| +25.83% | 661B | |
| +27.00% | 566B | |
| -6.76% | 352B | |
| +20.34% | 332B | |
| +3.00% | 283B | |
| +13.09% | 231B | |
| +5.46% | 200B | |
| -9.61% | 195B | |
| -6.26% | 145B |
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