Financials TBS Holdings,Inc.

Equities

9401

JP3588600001

Broadcasting

Market Closed - Japan Exchange 11:30:00 26/04/2024 am IST 5-day change 1st Jan Change
4,109 JPY +0.81% Intraday chart for TBS Holdings,Inc. -4.11% +37.01%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,53,876 2,61,122 3,70,912 3,04,452 3,20,700 6,67,947 - -
Enterprise Value (EV) 1 2,84,396 1,77,701 2,82,827 2,31,861 2,43,259 6,21,957 5,97,890 5,70,632
P/E ratio 14 x 8.68 x 13.2 x 9.54 x 9.13 x 17 x 20 x 19.5 x
Yield 1.63% 1.99% 1.38% 2.07% 2.2% 1.07% 1.12% 1.16%
Capitalization / Revenue 0.97 x 0.73 x 1.14 x 0.85 x 0.87 x 1.7 x 1.64 x 1.56 x
EV / Revenue 0.78 x 0.5 x 0.87 x 0.65 x 0.66 x 1.58 x 1.47 x 1.34 x
EV / EBITDA 8.06 x 5.97 x 10.3 x 6.45 x 6.76 x 19.5 x 15.2 x 13.4 x
EV / FCF 85 x 6.49 x -16.4 x -21.1 x 10.4 x 15.9 x 18.8 x 16.4 x
FCF Yield 1.18% 15.4% -6.09% -4.75% 9.57% 6.29% 5.33% 6.12%
Price to Book 0.61 x 0.45 x 0.47 x 0.35 x 0.4 x 0.82 x 0.81 x 0.79 x
Nbr of stocks (in thousands) 1,74,667 1,73,618 1,70,770 1,70,370 1,68,346 1,62,557 - -
Reference price 2 2,026 1,504 2,172 1,787 1,905 4,109 4,109 4,109
Announcement Date 14/05/19 14/05/20 14/05/21 13/05/22 12/05/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,66,353 3,56,796 3,25,682 3,58,269 3,68,130 3,93,154 4,07,234 4,26,809
EBITDA 1 35,265 29,742 27,388 35,921 35,985 31,861 39,307 42,432
EBIT 1 18,572 13,103 10,841 20,346 20,782 16,474 22,422 25,919
Operating Margin 5.07% 3.67% 3.33% 5.68% 5.65% 4.19% 5.51% 6.07%
Earnings before Tax (EBT) 1 40,006 46,867 44,176 47,796 53,984 59,614 48,746 52,899
Net income 1 25,205 30,174 28,072 32,008 35,182 39,494 33,463 34,263
Net margin 6.88% 8.46% 8.62% 8.93% 9.56% 10.05% 8.22% 8.03%
EPS 2 144.3 173.3 164.3 187.4 208.8 241.5 205.5 211.2
Free Cash Flow 1 3,345 27,368 -17,233 -11,007 23,286 39,113 31,851 34,898
FCF margin 0.91% 7.67% -5.29% -3.07% 6.33% 9.95% 7.82% 8.18%
FCF Conversion (EBITDA) 9.49% 92.02% - - 64.71% 122.76% 81.03% 82.24%
FCF Conversion (Net income) 13.27% 90.7% - - 66.19% 99.03% 95.18% 101.85%
Dividend per Share 2 33.00 30.00 30.00 37.00 42.00 44.00 45.83 47.50
Announcement Date 14/05/19 14/05/20 14/05/21 13/05/22 12/05/23 - - -
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 Q3 2025 Q4
Net sales 1 1,76,880 1,79,916 1,49,388 85,665 1,72,080 97,238 88,951 88,964 89,899 1,78,863 97,283 91,984 94,777 96,036 1,90,813 1,04,652 98,471 1,01,200 1,01,700 1,06,500 1,10,700
EBITDA - - - - - - - - - - - - - - - - - - - - -
EBIT 1 6,804 6,299 4,522 5,828 14,593 8,605 -2,852 7,227 2,879 10,106 10,088 588 6,873 1,870 8,743 8,298 -7.5 8,500 4,900 9,400 100
Operating Margin 3.85% 3.5% 3.03% 6.8% 8.48% 8.85% -3.21% 8.12% 3.2% 5.65% 10.37% 0.64% 7.25% 1.95% 4.58% 7.93% -0.01% 8.4% 4.82% 8.83% 0.09%
Earnings before Tax (EBT) 1 11,643 - 8,791 - 18,497 14,528 14,771 13,061 3,069 16,130 17,849 20,005 15,058 1,393 16,451 42,211 1,100 - - - -
Net income 1 6,737 23,437 5,944 3,856 11,995 9,372 10,641 7,599 1,592 9,191 11,975 14,016 9,715 117 9,832 28,487 466.7 - - - -
Net margin 3.81% 13.03% 3.98% 4.5% 6.97% 9.64% 11.96% 8.54% 1.77% 5.14% 12.31% 15.24% 10.25% 0.12% 5.15% 27.22% 0.47% - - - -
EPS 38.65 - 34.78 - 70.23 54.85 - 44.82 - 54.34 70.99 - 58.91 - 59.62 172.9 - - - - -
Dividend per Share 13.00 - 15.00 - 15.00 - - - - 20.00 - - - - 22.00 - - - - - -
Announcement Date 07/11/19 14/05/20 05/11/20 11/11/21 11/11/21 10/02/22 13/05/22 04/08/22 10/11/22 10/11/22 09/02/23 12/05/23 03/08/23 10/11/23 10/11/23 08/02/24 - - - - -
1JPY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 69,480 83,421 88,085 72,591 77,441 45,990 70,057 97,315
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 3,345 27,368 -17,233 -11,007 23,286 39,113 31,851 34,898
ROE (net income / shareholders' equity) 4.3% 5.2% 4.1% 3.9% 4.3% 4.86% 3.84% 4.1%
ROA (Net income/ Total Assets) 3.56% 2.69% 2.04% 2.67% 3.09% 3.3% 2.77% 3.13%
Assets 1 7,08,979 11,21,564 13,74,367 11,99,691 11,37,854 11,96,798 12,09,511 10,93,514
Book Value Per Share 2 3,347 3,356 4,576 5,087 4,727 5,007 5,099 5,207
Cash Flow per Share 230.0 259.0 251.0 266.0 289.0 - - -
Capex 1 31,870 19,939 39,946 27,716 26,923 23,545 22,640 23,660
Capex / Sales 8.7% 5.59% 12.27% 7.74% 7.31% 5.99% 5.56% 5.54%
Announcement Date 14/05/19 14/05/20 14/05/21 13/05/22 12/05/23 - - -
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
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
4,109 JPY
Average target price
4,225 JPY
Spread / Average Target
+2.82%
Consensus
  1. Stock Market
  2. Equities
  3. 9401 Stock
  4. Financials TBS Holdings,Inc.