TOA CORPORATION |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,087 JPY | +1.97% |
|
+2.55% | +22.13% |
| 08/02 | TOA Corporation Reports Earnings Results for the Nine Months Ended December 31, 2023 | CI |
| 08/02 | TOA Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024 | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 33,356 | 28,308 | 47,606 | 48,091 | 57,642 | 88,803 | - | - |
| Enterprise Value (EV) 1 | 29,787 | 28,308 | 44,015 | 46,883 | 76,396 | 88,803 | 88,803 | 88,803 |
| P/E ratio | 10.9 x | 5.9 x | 6.96 x | 6.52 x | 11.8 x | 8.71 x | 8.45 x | 8.21 x |
| Yield | 1.88% | 3.46% | 3.28% | 3.61% | 3.39% | 3.45% | 3.68% | 3.91% |
| Capitalization / Revenue | 0.19 x | 0.15 x | 0.25 x | 0.22 x | 0.27 x | 0.33 x | 0.31 x | 0.31 x |
| EV / Revenue | 0.19 x | 0.15 x | 0.25 x | 0.22 x | 0.27 x | 0.33 x | 0.31 x | 0.31 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | -70,26,811 x | - | -86,10,254 x | -96,74,368 x | - | - | - | - |
| FCF Yield | -0% | - | -0% | -0% | - | - | - | - |
| Price to Book | 0.49 x | 0.41 x | 0.62 x | 0.63 x | 0.65 x | - | - | - |
| Nbr of stocks (in thousands) | 83,600 | 78,414 | 78,043 | 77,100 | 86,876 | 81,696 | - | - |
| Reference price 2 | 399.0 | 361.0 | 610.0 | 623.8 | 663.5 | 1,087 | 1,087 | 1,087 |
| Announcement Date | 15/05/19 | 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 | 1,73,692 | 1,90,278 | 1,89,712 | 2,19,814 | 2,13,569 | 2,72,000 | 2,82,000 | 2,90,000 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 3,980 | 7,957 | 8,714 | 9,874 | 6,555 | 16,500 | 17,000 | 17,500 |
| Operating Margin | 2.29% | 4.18% | 4.59% | 4.49% | 3.07% | 6.07% | 6.03% | 6.03% |
| Earnings before Tax (EBT) 1 | 4,458 | 7,575 | 10,177 | 10,283 | 7,119 | 15,700 | 16,200 | 16,700 |
| Net income 1 | 3,072 | 5,007 | 6,859 | 7,385 | 4,835 | 10,000 | 10,300 | 10,600 |
| Net margin | 1.77% | 2.63% | 3.62% | 3.36% | 2.26% | 3.68% | 3.65% | 3.66% |
| EPS 2 | 36.75 | 61.16 | 87.66 | 95.70 | 56.14 | 124.8 | 128.6 | 132.4 |
| Free Cash Flow | -4,747 | - | -5,529 | -4,971 | - | - | - | - |
| FCF margin | -2.73% | - | -2.91% | -2.26% | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 7.500 | 12.50 | 20.00 | 22.50 | 22.50 | 37.50 | 40.00 | 42.50 |
| Announcement Date | 15/05/19 | 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 | 2021 S1 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2024 Q1 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 83,876 | 82,639 | 1,05,818 | 54,207 | 47,141 | 94,141 | 54,267 | 62,570 | 1,30,185 | 76,367 | 65,448 | 1,41,815 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 3,511 | 3,294 | 5,056 | 2,125 | 727 | 529 | 2,247 | 3,874 | 7,482 | 6,087 | 2,931 | 9,018 |
| Operating Margin | 4.19% | 3.99% | 4.78% | 3.92% | 1.54% | 0.56% | 4.14% | 6.19% | 5.75% | 7.97% | 4.48% | 6.36% |
| Earnings before Tax (EBT) 1 | 3,201 | 3,764 | 5,058 | 2,233 | 937 | 814 | 2,265 | 4,120 | 7,170 | 5,833 | 2,860 | 8,524 |
| Net income 1 | 2,002 | 2,443 | 3,536 | 1,506 | 620 | 527 | 1,487 | 2,838 | 4,497 | 3,841 | 1,662 | 5,503 |
| Net margin | 2.39% | 2.96% | 3.34% | 2.78% | 1.32% | 0.56% | 2.74% | 4.54% | 3.45% | 5.03% | 2.54% | 3.88% |
| EPS | 23.95 | 31.16 | 46.84 | 19.61 | 7.260 | 6.180 | 17.30 | 33.06 | 53.18 | 46.86 | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/11/19 | 11/11/20 | 11/11/21 | 08/02/22 | 05/08/22 | 10/11/22 | 08/02/23 | 09/08/23 | 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 | - | - | - | - | 18,754 | - | - | - |
| Net Cash position | 3,569 | - | 3,591 | 1,208 | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | -4,747 | - | -5,529 | -4,971 | - | - | - | - |
| ROE (net income / shareholders' equity) | 4.5% | 7.3% | 9.5% | 9.1% | 5.5% | - | - | - |
| ROA (Net income/ Total Assets) | 2.1% | 3.75% | 4.55% | 4.86% | 3.01% | - | - | - |
| Assets 1 | 1,46,142 | 1,33,396 | 1,50,894 | 1,51,923 | 1,60,768 | - | - | - |
| Book Value Per Share | 816.0 | 873.0 | 987.0 | 985.0 | 1,018 | - | - | - |
| Cash Flow per Share | 58.10 | 80.20 | 109.0 | 125.0 | 87.60 | - | - | - |
| Capex 1 | 2,400 | - | 7,000 | 2,300 | 3,400 | 3,500 | 3,500 | 3,500 |
| Capex / Sales | 1.38% | - | 3.69% | 1.05% | 1.59% | 1.29% | 1.24% | 1.21% |
| Announcement Date | 15/05/19 | 14/05/20 | 14/05/21 | 13/05/22 | 12/05/23 | - | - | - |
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
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +22.13% | 564M | |
| -2.54% | 8.78B | |
| +65.58% | 4.98B | |
| +20.43% | 3.3B | |
| +21.25% | 2.79B | |
| +19.07% | 1.58B | |
| +7.12% | 1.4B | |
| -0.18% | 1.21B | |
| +6.75% | 903M | |
| -6.03% | 793M |
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- Financials TOA Corporation
