Financials Token Corporation

Equities

1766

JP3590900001

Homebuilding

Market Closed - Japan Exchange 11:30:00 28/06/2024 am IST 5-day change 1st Jan Change
11,920 JPY -2.21% Intraday chart for Token Corporation -1.65% +29.57%

Valuation

Fiscal Period: April 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 91,184 99,511 1,31,231 1,16,431 1,06,074 1,63,882 - -
Enterprise Value (EV) 1 -29,439 -16,830 6,386 -7,096 -12,083 1,45,464 1,63,882 1,63,882
P/E ratio 8.42 x 11.6 x 13 x 11.3 x 20.2 x 16.3 x 15.6 x 14.6 x
Yield 3.24% 2.97% 2.25% 2.89% 3.17% 2.31% 2.21% 2.23%
Capitalization / Revenue 0.28 x 0.31 x 0.42 x 0.37 x 0.33 x 0.43 x 0.45 x 0.43 x
EV / Revenue 0.28 x 0.31 x 0.42 x 0.37 x 0.33 x 0.43 x 0.45 x 0.43 x
EV / EBITDA 53,05,683 x 66,30,516 x - - - - - -
EV / FCF 2,59,78,198 x -5,56,85,941 x 1,22,63,393 x 7,88,29,322 x 1,42,34,318 x - - -
FCF Yield 0% -0% 0% 0% 0% - - -
Price to Book 0.99 x 1.02 x 1.24 x 1.03 x 0.92 x 1.2 x - -
Nbr of stocks (in thousands) 13,449 13,447 13,446 13,445 13,444 13,444 - -
Reference price 2 6,780 7,400 9,760 8,660 7,890 12,190 12,190 12,190
Announcement Date 12/06/19 18/06/20 14/06/21 13/06/22 13/06/23 13/06/24 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: April 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,28,524 3,23,386 3,09,809 3,11,586 3,16,849 3,40,835 3,65,000 3,80,000
EBITDA 17,186 15,008 - - - - - -
EBIT 1 15,606 12,819 15,562 15,039 9,738 13,037 15,000 16,000
Operating Margin 4.75% 3.96% 5.02% 4.83% 3.07% 3.83% 4.11% 4.21%
Earnings before Tax (EBT) 1 16,241 13,089 15,274 15,343 8,547 13,291 15,500 16,500
Net income 1 10,832 8,606 10,080 10,275 5,239 8,943 10,500 11,200
Net margin 3.3% 2.66% 3.25% 3.3% 1.65% 2.62% 2.88% 2.95%
EPS 2 805.4 640.0 749.7 764.2 389.7 665.2 781.0 833.1
Free Cash Flow 3,510 -1,787 10,701 1,477 7,452 - - -
FCF margin 1.07% -0.55% 3.45% 0.47% 2.35% - - -
FCF Conversion (EBITDA) 20.42% - - - - - - -
FCF Conversion (Net income) 32.4% - 106.16% 14.37% 142.24% - - -
Dividend per Share 2 220.0 220.0 220.0 250.0 250.0 250.0 270.0 272.0
Announcement Date 12/06/19 18/06/20 14/06/21 13/06/22 13/06/23 13/06/24 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: April 2020 S1 2020 S2 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 1,58,100 1,65,286 1,54,346 1,55,463 76,522 1,50,736 79,302 81,548 1,60,850 76,126 78,877 1,55,003 79,483 82,363 1,61,846 82,165 84,270 1,66,435 84,960 89,440 1,74,400
EBITDA - - - - - - - - - - - - - - - - - - - - -
EBIT 1 5,029 7,790 6,795 8,767 3,698 7,224 4,116 3,699 7,815 3,335 2,679 6,014 2,091 1,633 3,724 2,996 2,557 5,553 2,872 4,612 7,484
Operating Margin 3.18% 4.71% 4.4% 5.64% 4.83% 4.79% 5.19% 4.54% 4.86% 4.38% 3.4% 3.88% 2.63% 1.98% 2.3% 3.65% 3.03% 3.34% 3.38% 5.16% 4.29%
Earnings before Tax (EBT) 1 5,252 7,837 7,471 7,803 - 7,359 4,187 3,797 7,984 3,443 2,740 6,183 2,192 172 2,364 3,037 2,646 5,683 2,986 4,622 7,608
Net income 1 3,440 5,166 5,012 5,068 2,505 4,976 2,898 2,401 5,299 2,146 2,027 4,173 1,452 -386 1,066 1,885 1,943 3,828 1,997 3,118 5,115
Net margin 2.18% 3.13% 3.25% 3.26% 3.27% 3.3% 3.65% 2.94% 3.29% 2.82% 2.57% 2.69% 1.83% -0.47% 0.66% 2.29% 2.31% 2.3% 2.35% 3.49% 2.93%
EPS 255.8 - 372.7 - - 370.1 215.5 - - 159.7 - 310.4 108.0 - - 140.3 - 284.8 148.5 - -
Dividend per Share - - - - - - - - - - - - - - - - - - - - -
Announcement Date 12/12/19 18/06/20 11/12/20 14/06/21 13/12/21 13/12/21 14/03/22 13/06/22 13/06/22 12/09/22 13/12/22 13/12/22 10/03/23 13/06/23 13/06/23 12/09/23 13/12/23 13/12/23 13/03/24 13/06/24 13/06/24
1JPY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: April 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position 1,20,623 1,16,341 1,24,845 1,23,527 1,18,157 - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 3,510 -1,787 10,701 1,477 7,452 - - -
ROE (net income / shareholders' equity) 12.3% 9% 9.9% 9.4% 4.6% 7.5% - -
ROA (Net income/ Total Assets) 8.45% 6.89% 8.59% 7.91% 5.14% 6.57% - -
Assets 1 1,28,177 1,24,837 1,17,409 1,29,960 1,01,915 1,36,196 - -
Book Value Per Share 6,874 7,288 7,848 8,436 8,576 9,046 - -
Cash Flow per Share 923.0 803.0 934.0 930.0 555.0 815.0 - -
Capex 1 7,071 2,448 1,627 1,461 1,498 1,000 1,000 1,000
Capex / Sales 2.15% 0.76% 0.53% 0.47% 0.47% 0.3% 0.27% 0.26%
Announcement Date 12/06/19 18/06/20 14/06/21 13/06/22 13/06/23 13/06/24 - -
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

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