Financials Takamatsu Construction Group Co., Ltd.

Equities

1762

JP3457900003

Construction & Engineering

Delayed Japan Exchange Other stock markets 11:13:53 22/05/2024 am IST			5-day change	1st Jan Change
2,777 ^JPY	-1.63%		+1.95%	+0.29%

15/05	Takamatsu Construction Group Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025	CI
15/05	Takamatsu Construction Group Co., Ltd. Plans Dividend for the Fiscal Year Ending March 2025	CI

Valuation

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	83,217	80,814	75,069	71,726	70,647	98,293	-	-
Enterprise Value (EV) ¹	21,143	25,384	32,697	36,027	49,600	98,885	98,293	98,293
P/E ratio	11.8 x	9.29 x	10.1 x	10.7 x	9.38 x	10.8 x	12.1 x	9.41 x
Yield	2.51%	2.71%	2.92%	3.06%	3.45%	2.89%	2.71%	3.17%
Capitalization / Revenue	0.33 x	0.29 x	0.27 x	0.27 x	0.25 x	0.32 x	0.29 x	0.28 x
EV / Revenue	0.33 x	0.29 x	0.27 x	0.27 x	0.25 x	0.32 x	0.29 x	0.28 x
EV / EBITDA	60,60,934 x	50,70,214 x	55,75,534 x	56,88,495 x	52,64,690 x	-	-	-
EV / FCF	-6,87,17,278 x	82,43,817 x	-65,76,922 x	-1,77,80,425 x	-	-	-	-
FCF Yield	-0%	0%	-0%	-0%	-	-	-	-
Price to Book	0.8 x	0.73 x	0.65 x	0.59 x	0.55 x	0.74 x	-	-
Nbr of stocks (in thousands)	34,819	34,819	34,819	34,819	34,819	34,819	-	-
Reference price ²	2,390	2,321	2,156	2,060	2,029	2,823	2,823	2,823
Announcement Date	13/05/19	20/05/20	12/05/21	11/05/22	10/05/23	15/05/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,49,720	2,82,366	2,83,080	2,63,907	2,82,495	3,12,680	3,34,000	3,47,500
EBITDA	13,730	15,939	13,464	12,609	13,419	-	-	-
EBIT ¹	12,441	14,720	12,198	11,225	12,038	11,651	13,000	15,900
Operating Margin	4.98%	5.21%	4.31%	4.25%	4.26%	3.73%	3.89%	4.58%
Earnings before Tax (EBT) ¹	11,593	13,939	12,028	11,316	11,755	11,884	-	14,500
Net income ¹	7,022	8,698	7,467	6,727	7,534	9,165	8,100	10,450
Net margin	2.81%	3.08%	2.64%	2.55%	2.67%	2.93%	2.43%	3.01%
EPS ²	201.7	249.8	214.5	193.2	216.4	263.2	232.6	300.1
Free Cash Flow	-1,211	9,803	-11,414	-4,034	-	-	-	-
FCF margin	-0.48%	3.47%	-4.03%	-1.53%	-	-	-	-
FCF Conversion (EBITDA)	-	61.5%	-	-	-	-	-	-
FCF Conversion (Net income)	-	112.7%	-	-	-	-	-	-
Dividend per Share ²	60.00	63.00	63.00	63.00	70.00	82.00	76.50	89.50
Announcement Date	13/05/19	20/05/20	12/05/21	11/05/22	10/05/23	15/05/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: März	2020 S1	2021 S1	2021 S2	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	1,29,370	1,36,674	1,46,406	-	1,25,980	64,659	73,268	1,37,927	60,427	68,380	1,28,807	74,840	78,848	1,53,688	65,613	77,685	1,43,298	80,411	88,971	1,69,382
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	5,682	3,599	8,599	1,691	3,128	3,670	4,427	8,097	390	2,440	2,830	4,041	5,167	9,208	807	2,532	3,339	3,256	5,056	8,312
Operating Margin	4.39%	2.63%	5.87%	-	2.48%	5.68%	6.04%	5.87%	0.65%	3.57%	2.2%	5.4%	6.55%	5.99%	1.23%	3.26%	2.33%	4.05%	5.68%	4.91%
Earnings before Tax (EBT)	4,912	3,509	8,519	-	3,150	3,667	4,499	8,166	468	2,502	2,970	4,209	4,576	8,785	492	-	2,884	4,015	-	-
Net income ¹	2,498	1,984	5,483	-	1,683	2,437	2,607	5,044	69	1,309	1,378	2,718	3,438	6,156	-153	1,307	1,154	2,410	5,601	8,011
Net margin	1.93%	1.45%	3.75%	-	1.34%	3.77%	3.56%	3.66%	0.11%	1.91%	1.07%	3.63%	4.36%	4.01%	-0.23%	1.68%	0.81%	3%	6.3%	4.73%
EPS	71.75	57.00	-	-	48.35	70.00	-	-	1.990	-	39.59	78.05	-	-	-4.400	-	33.17	69.22	-	-
Dividend per Share	23.00	23.00	-	-	23.00	-	-	-	-	-	23.00	-	-	-	-	-	27.00	-	-	-
Announcement Date	13/11/19	11/11/20	12/05/21	10/11/21	10/11/21	09/02/22	11/05/22	11/05/22	09/08/22	09/11/22	09/11/22	08/02/23	10/05/23	10/05/23	09/08/23	08/11/23	08/11/23	07/02/24	15/05/24	15/05/24

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: März	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	62,074	55,430	42,372	35,699	21,047	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-1,211	9,803	-11,414	-4,034	-	-	-	-
ROE (net income / shareholders' equity)	6.9%	8.1%	6.6%	5.7%	6%	7%	6%	7.5%
ROA (Net income/ Total Assets)	6.62%	7.14%	5.6%	5.02%	5%	4.72%	-	-
Assets ¹	1,06,108	1,21,797	1,33,244	1,33,940	1,50,668	1,94,123	-	-
Book Value Per Share	2,987	3,162	3,323	3,488	3,668	3,849	-	-
Cash Flow per Share	234.0	285.0	251.0	233.0	256.0	320.0	-	-
Capex ¹	4,217	11,158	3,450	4,397	7,409	3,000	3,000	3,000
Capex / Sales	1.69%	3.95%	1.22%	1.67%	2.62%	0.97%	0.9%	0.86%
Announcement Date	13/05/19	20/05/20	12/05/21	11/05/22	10/05/23	15/05/24	-	-

¹JPY in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Takamatsu Construction Group Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2,823 JPY

Average target price

3,400 JPY

Spread / Average Target

+20.44%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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