TOYO CONSTRUCTION CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,365 JPY | +0.96% |
|
+0.89% | +14.42% |
| 06/05 | Toyo Construction Secures 20 Billion Yen Green Loan for Vessel | MT |
| 09/02 | Toyo Construction Co., Ltd. Provides Year End Dividend Guidance for the Year Ending March 31, 2024 | CI |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 46,061 | 40,147 | 41,180 | 54,016 | 72,836 | 86,122 |
| Enterprise Value (EV) 1 | 32,008 | 20,401 | 25,962 | 47,839 | 47,842 | 51,719 |
| P/E ratio | 6.53 x | 7.37 x | 7.14 x | 5.89 x | 12.4 x | 15.2 x |
| Yield | 3.06% | 2.81% | 3.42% | 4.35% | 2.58% | 2.73% |
| Capitalization / Revenue | 0.27 x | 0.25 x | 0.24 x | 0.31 x | 0.48 x | 0.51 x |
| EV / Revenue | 0.19 x | 0.12 x | 0.15 x | 0.28 x | 0.31 x | 0.31 x |
| EV / EBITDA | 2.45 x | 2.03 x | 2.32 x | 2.99 x | 4.26 x | 4.86 x |
| EV / FCF | 3.63 x | 2.68 x | -5.6 x | -5.6 x | 2.3 x | 4.41 x |
| FCF Yield | 27.6% | 37.3% | -17.9% | -17.9% | 43.5% | 22.7% |
| Price to Book | 0.97 x | 0.78 x | 0.74 x | 0.84 x | 1.07 x | 1.2 x |
| Nbr of stocks (in thousands) | 94,001 | 94,022 | 94,018 | 93,941 | 93,982 | 94,020 |
| Reference price 2 | 490.0 | 427.0 | 438.0 | 575.0 | 775.0 | 916.0 |
| Announcement Date | 28/06/18 | 27/06/19 | 26/06/20 | 25/06/21 | 28/06/22 | 30/06/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,72,635 | 1,63,860 | 1,74,805 | 1,72,976 | 1,52,524 | 1,68,351 |
| EBITDA 1 | 13,051 | 10,028 | 11,181 | 15,987 | 11,228 | 10,649 |
| EBIT 1 | 11,148 | 8,234 | 9,270 | 14,260 | 9,617 | 8,997 |
| Operating Margin | 6.46% | 5.03% | 5.3% | 8.24% | 6.31% | 5.34% |
| Earnings before Tax (EBT) 1 | 10,480 | 8,239 | 8,792 | 13,488 | 8,916 | 8,881 |
| Net income 1 | 7,050 | 5,445 | 5,766 | 9,176 | 5,863 | 5,656 |
| Net margin | 4.08% | 3.32% | 3.3% | 5.3% | 3.84% | 3.36% |
| EPS 2 | 75.00 | 57.92 | 61.31 | 97.65 | 62.39 | 60.16 |
| Free Cash Flow 1 | 8,822 | 7,611 | -4,638 | -8,550 | 20,825 | 11,723 |
| FCF margin | 5.11% | 4.64% | -2.65% | -4.94% | 13.65% | 6.96% |
| FCF Conversion (EBITDA) | 67.6% | 75.9% | - | - | 185.47% | 110.08% |
| FCF Conversion (Net income) | 125.13% | 139.78% | - | - | 355.19% | 207.26% |
| Dividend per Share 2 | 15.00 | 12.00 | 15.00 | 25.00 | 20.00 | 25.00 |
| Announcement Date | 28/06/18 | 27/06/19 | 26/06/20 | 25/06/21 | 28/06/22 | 30/06/23 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 86,364 | 75,853 | 73,895 | 39,108 | 36,005 | 73,481 | 43,321 | 42,697 | 88,764 | 48,460 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 4,857 | 4,044 | 3,087 | 2,435 | 879 | 2,399 | 2,716 | 468 | 4,190 | 3,427 |
| Operating Margin | 5.62% | 5.33% | 4.18% | 6.23% | 2.44% | 3.26% | 6.27% | 1.1% | 4.72% | 7.07% |
| Earnings before Tax (EBT) 1 | 4,723 | 3,684 | 3,038 | 2,439 | 836 | 2,385 | 2,750 | 11 | 3,578 | 3,367 |
| Net income 1 | 3,042 | 2,358 | 1,861 | 1,610 | 838 | 1,779 | 1,125 | -111 | 2,179 | 2,237 |
| Net margin | 3.52% | 3.11% | 2.52% | 4.12% | 2.33% | 2.42% | 2.6% | -0.26% | 2.45% | 4.62% |
| EPS 2 | 32.34 | 25.09 | 19.81 | 17.13 | 8.920 | 18.93 | 11.97 | -1.180 | 23.13 | 23.75 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 13/11/19 | 11/11/20 | 11/11/21 | 08/02/22 | 09/08/22 | 10/11/22 | 14/02/23 | 09/08/23 | 09/11/23 | 08/02/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 14,053 | 19,746 | 15,218 | 6,177 | 24,994 | 34,403 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 8,822 | 7,611 | -4,638 | -8,550 | 20,825 | 11,723 |
| ROE (net income / shareholders' equity) | 16.2% | 11.1% | 10.8% | 15.2% | 8.83% | 8.29% |
| ROA (Net income/ Total Assets) | 4.76% | 3.48% | 4.2% | 6.27% | 4.22% | 3.89% |
| Assets 1 | 1,48,240 | 1,56,277 | 1,37,309 | 1,46,441 | 1,38,776 | 1,45,496 |
| Book Value Per Share 2 | 506.0 | 549.0 | 595.0 | 684.0 | 725.0 | 764.0 |
| Cash Flow per Share 2 | 298.0 | 342.0 | 280.0 | 179.0 | 325.0 | 416.0 |
| Capex 1 | 1,022 | 2,665 | 3,062 | 877 | 597 | 794 |
| Capex / Sales | 0.59% | 1.63% | 1.75% | 0.51% | 0.39% | 0.47% |
| Announcement Date | 28/06/18 | 27/06/19 | 26/06/20 | 25/06/21 | 28/06/22 | 30/06/23 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +14.42% | 83Cr | |
| +1.19% | 7.14TCr | |
| -1.78% | 5.69TCr | |
| +22.52% | 3.87TCr | |
| +21.83% | 3.38TCr | |
| +12.11% | 2.95TCr | |
| +20.42% | 2.19TCr | |
| +11.86% | 1.9TCr | |
| +39.66% | 1.8TCr | |
| +75.63% | 1.78TCr |
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