Financials TKC Corporation

Equities

9746

JP3539400006

Business Support Services

Delayed Japan Exchange 11:30:00 15/05/2024 am IST 5-day change 1st Jan Change
3,520 JPY +0.28% Intraday chart for TKC Corporation -0.28% -6.38%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,22,740 1,78,953 1,85,287 1,79,824 1,89,814 1,83,033 - -
Enterprise Value (EV) 1 95,384 1,54,256 1,60,317 1,51,090 1,58,537 1,83,033 1,83,033 1,83,033
P/E ratio 18.3 x 22.9 x 21.3 x 19.3 x 17.6 x 16.2 x 15.1 x 14.2 x
Yield 2.35% 1.76% 2.05% 2.27% 2.47% 2.85% 3.13% 3.42%
Capitalization / Revenue 1.86 x 2.64 x 2.8 x 2.65 x 2.64 x 2.41 x 2.27 x 2.14 x
EV / Revenue 1.86 x 2.64 x 2.8 x 2.65 x 2.64 x 2.41 x 2.27 x 2.14 x
EV / EBITDA - - - - - - - -
EV / FCF 2,00,81,722 x 2,64,52,770 x - 2,14,38,185 x 2,68,66,858 x - - -
FCF Yield 0% 0% - 0% 0% - - -
Price to Book 1.72 x 2.32 x 2.22 x 2.06 x 1.99 x 1.81 x 1.7 x 1.6 x
Nbr of stocks (in thousands) 52,453 52,556 52,713 52,427 52,147 52,146 - -
Reference price 2 2,340 3,405 3,515 3,430 3,640 3,510 3,510 3,510
Announcement Date 11/11/19 04/11/20 09/11/21 09/11/22 14/11/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 66,120 67,814 66,221 67,838 71,915 75,800 80,700 85,600
EBITDA - - - - - - - -
EBIT 1 9,347 11,381 12,314 13,351 14,338 15,300 16,400 17,600
Operating Margin 14.14% 16.78% 18.6% 19.68% 19.94% 20.18% 20.32% 20.56%
Earnings before Tax (EBT) 1 10,004 11,646 12,660 13,650 15,135 15,800 16,900 18,100
Net income 1 6,721 7,821 8,686 9,317 10,826 11,300 12,100 12,900
Net margin 10.16% 11.53% 13.12% 13.73% 15.05% 14.91% 14.99% 15.07%
EPS 2 127.8 148.8 164.9 177.6 206.5 216.7 232.0 247.4
Free Cash Flow 6,112 6,765 - 8,388 7,065 - - -
FCF margin 9.24% 9.98% - 12.36% 9.82% - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) 90.94% 86.5% - 90.03% 65.26% - - -
Dividend per Share 2 55.00 60.00 72.00 78.00 90.00 100.0 110.0 120.0
Announcement Date 11/11/19 04/11/20 09/11/21 09/11/22 14/11/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September 2020 S1 2021 S1 2022 Q1 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3 2024 Q1 2024 S1
Net sales 1 35,137 33,372 15,292 33,768 16,572 16,908 36,050 17,812 17,124 37,047
EBITDA - - - - - - - - - -
EBIT 1 6,991 7,906 3,091 8,225 3,431 4,012 8,735 4,625 3,739 8,989
Operating Margin 19.9% 23.69% 20.21% 24.36% 20.7% 23.73% 24.23% 25.97% 21.83% 24.26%
Earnings before Tax (EBT) 1 7,144 8,050 3,241 8,431 3,488 4,169 8,849 5,123 3,946 9,264
Net income 1 4,712 5,495 2,228 5,816 2,309 2,890 6,134 3,621 2,710 6,376
Net margin 13.41% 16.47% 14.57% 17.22% 13.93% 17.09% 17.02% 20.33% 15.83% 17.21%
EPS 2 89.66 104.4 42.41 110.8 44.06 55.12 117.0 69.05 51.97 122.3
Dividend per Share 27.50 32.50 - 36.00 - - 39.00 - - 45.00
Announcement Date 01/05/20 07/05/21 10/02/22 10/05/22 10/08/22 10/02/23 12/05/23 10/08/23 09/02/24 10/05/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position 27,356 24,697 24,970 28,734 31,277 - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 6,112 6,765 - 8,388 7,065 - - -
ROE (net income / shareholders' equity) 9.4% 10.5% 10.8% 10.9% 11.9% 11.5% 11.6% 11.6%
ROA (Net income/ Total Assets) 10.3% 12% 12.6% 12.9% 13.1% 9.4% 18.4% 18.4%
Assets 1 65,059 65,145 68,909 72,424 82,661 1,20,213 65,761 70,109
Book Value Per Share 2 1,362 1,467 1,582 1,666 1,828 1,945 2,067 2,194
Cash Flow per Share 185.0 207.0 221.0 236.0 274.0 - - -
Capex 4,438 3,804 3,735 4,662 6,002 - - -
Capex / Sales 6.71% 5.61% 5.64% 6.87% 8.35% - - -
Announcement Date 11/11/19 04/11/20 09/11/21 09/11/22 14/11/23 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
3,510 JPY
Average target price
5,500 JPY
Spread / Average Target
+56.70%
Consensus
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