TOYOBO CO., LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,102 JPY | -0.81% |
|
-1.34% | +4.16% |
| 08/02 | Toyobo Co., Ltd. Provides Earnings Guidance for the Fiscal Year Ending March 31, 2024 | CI |
| 08/02 | Toyobo Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024 | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,25,607 | 1,01,512 | 1,26,522 | 97,164 | 92,170 | 97,878 | - | - |
| Enterprise Value (EV) 1 | 2,66,613 | 2,47,653 | 2,74,747 | 2,57,679 | 2,56,633 | 99,288 | 3,19,478 | 3,46,478 |
| P/E ratio | -208 x | 7.37 x | 30.1 x | 7.55 x | -141 x | 40.4 x | 13.5 x | 9.86 x |
| Yield | 2.83% | 3.5% | 2.81% | 3.66% | 3.85% | 3.55% | 3.6% | 3.78% |
| Capitalization / Revenue | 0.37 x | 0.3 x | 0.37 x | 0.26 x | 0.23 x | 0.24 x | 0.22 x | 0.22 x |
| EV / Revenue | 0.79 x | 0.73 x | 0.81 x | 0.69 x | 0.64 x | 0.24 x | 0.73 x | 0.76 x |
| EV / EBITDA | 7.11 x | 6.22 x | 6.01 x | 5.31 x | 8.82 x | 3.45 x | 8.51 x | 7.91 x |
| EV / FCF | -16.2 x | 49.1 x | 23.3 x | -34.3 x | -9.1 x | -15.5 x | -12.6 x | -16.8 x |
| FCF Yield | -6.17% | 2.03% | 4.29% | -2.91% | -11% | -6.45% | -7.92% | -5.95% |
| Price to Book | 0.71 x | 0.57 x | 0.68 x | 0.5 x | 0.48 x | 0.5 x | 0.51 x | 0.49 x |
| Nbr of stocks (in thousands) | 88,768 | 88,812 | 88,850 | 88,897 | 88,710 | 88,099 | - | - |
| Reference price 2 | 1,415 | 1,143 | 1,424 | 1,093 | 1,039 | 1,111 | 1,111 | 1,111 |
| Announcement Date | 09/05/19 | 11/05/20 | 10/05/21 | 12/05/22 | 11/05/23 | 13/05/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,36,698 | 3,39,607 | 3,37,406 | 3,75,720 | 3,99,921 | 4,14,265 | 4,40,000 | 4,54,350 |
| EBITDA 1 | 37,500 | 39,799 | 45,752 | 48,510 | 29,113 | 28,801 | 37,550 | 43,800 |
| EBIT 1 | 21,727 | 22,794 | 26,657 | 28,430 | 10,063 | 8,995 | 20,000 | 22,650 |
| Operating Margin | 6.45% | 6.71% | 7.9% | 7.57% | 2.52% | 2.17% | 4.55% | 4.99% |
| Earnings before Tax (EBT) 1 | 102 | 19,716 | 5,582 | 14,796 | 612 | 5,587 | 11,200 | 14,650 |
| Net income 1 | -603 | 13,774 | 4,202 | 12,865 | -655 | 2,455 | 7,300 | 9,935 |
| Net margin | -0.18% | 4.06% | 1.25% | 3.42% | -0.16% | 0.59% | 1.66% | 2.19% |
| EPS 2 | -6.800 | 155.1 | 47.30 | 144.8 | -7.370 | 27.87 | 82.60 | 112.6 |
| Free Cash Flow 1 | -16,448 | 5,039 | 11,775 | -7,511 | -28,213 | -18,512 | -25,316 | -20,628 |
| FCF margin | -4.89% | 1.48% | 3.49% | -2% | -7.05% | -4.5% | -5.75% | -4.54% |
| FCF Conversion (EBITDA) | - | 12.66% | 25.74% | - | - | - | - | - |
| FCF Conversion (Net income) | - | 36.58% | 280.22% | - | - | - | - | - |
| Dividend per Share 2 | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 | 42.00 |
| Announcement Date | 09/05/19 | 11/05/20 | 10/05/21 | 12/05/22 | 11/05/23 | 13/05/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 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 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,64,909 | 1,74,698 | 1,57,507 | 1,79,899 | 89,300 | 1,83,900 | 90,600 | 1,01,220 | 1,91,820 | 1,01,000 | 1,00,075 | 2,01,123 | 97,615 | 1,01,183 | 97,100 | 1,02,400 | 1,99,400 | 1,07,900 | 1,06,942 | 2,14,846 | 1,03,000 | 1,12,000 | 2,15,000 | 1,13,000 | 1,12,000 | 2,25,000 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 17,045 | - | - | - | - | - | - |
| EBIT 1 | 11,114 | 11,680 | 10,420 | 16,237 | 7,900 | 17,100 | 5,800 | 5,530 | 11,330 | 4,600 | 3,264 | 7,885 | 1,683 | 495 | -100 | 2,400 | 2,400 | 2,600 | 4,003 | 6,634 | 3,000 | 5,000 | 8,000 | 6,000 | 6,000 | 12,000 |
| Operating Margin | 6.74% | 6.69% | 6.62% | 9.03% | 8.85% | 9.3% | 6.4% | 5.46% | 5.91% | 4.55% | 3.26% | 3.92% | 1.72% | 0.49% | -0.1% | 2.34% | 1.2% | 2.41% | 3.74% | 3.09% | 2.91% | 4.46% | 3.72% | 5.31% | 5.36% | 5.33% |
| Earnings before Tax (EBT) 1 | 4,210 | - | 3,952 | - | - | 11,467 | 3,564 | - | - | 10,875 | - | 14,841 | -606 | - | -843 | - | 3,086 | 542 | 1,959 | 2,501 | - | - | - | - | - | - |
| Net income 1 | 2,662 | 11,112 | 2,642 | 1,560 | 3,500 | 9,700 | 2,400 | 765 | 3,165 | 7,800 | 3,173 | 10,970 | -1,211 | -10,414 | -500 | 2,500 | 2,000 | -400 | 882 | 444 | 1,400 | 2,700 | 4,100 | 2,500 | 700 | 3,200 |
| Net margin | 1.61% | 6.36% | 1.68% | 0.87% | 3.92% | 5.27% | 2.65% | 0.76% | 1.65% | 7.72% | 3.17% | 5.45% | -1.24% | -10.29% | -0.51% | 2.44% | 1% | -0.37% | 0.82% | 0.21% | 1.36% | 2.41% | 1.91% | 2.21% | 0.62% | 1.42% |
| EPS | 29.99 | - | 29.75 | - | - | 109.2 | 27.23 | - | - | 87.71 | - | 123.4 | -13.63 | - | -5.800 | - | 22.82 | -4.970 | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 07/11/19 | 11/05/20 | 09/11/20 | 10/05/21 | 08/11/21 | 08/11/21 | 10/02/22 | 12/05/22 | 12/05/22 | 08/08/22 | 10/11/22 | 10/11/22 | 08/02/23 | 11/05/23 | 07/08/23 | 09/11/23 | 09/11/23 | 08/02/24 | 13/05/24 | 13/05/24 | - | - | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,41,006 | 1,46,141 | 1,48,225 | 1,60,515 | 1,64,463 | 1,89,000 | 2,21,600 | 2,48,600 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.76 x | 3.672 x | 3.24 x | 3.309 x | 5.649 x | 6.702 x | 5.901 x | 5.676 x |
| Free Cash Flow 1 | -16,448 | 5,039 | 11,775 | -7,511 | -28,213 | -18,512 | -25,316 | -20,629 |
| ROE (net income / shareholders' equity) | -0.3% | 7.8% | 2.3% | 6.8% | -0.3% | 1.3% | 3.8% | 4.75% |
| ROA (Net income/ Total Assets) | 3.92% | 3.8% | 4.23% | 4.58% | 1.19% | 1.16% | 2.7% | 2.95% |
| Assets 1 | -15,377 | 3,62,745 | 99,445 | 2,81,056 | -54,998 | 2,10,853 | 2,70,370 | 3,36,780 |
| Book Value Per Share 2 | 1,989 | 2,003 | 2,090 | 2,192 | 2,146 | 2,237 | 2,186 | 2,252 |
| Cash Flow per Share | 171.0 | 347.0 | 262.0 | 371.0 | 207.0 | 253.0 | - | - |
| Capex 1 | 25,512 | 36,445 | 23,253 | 33,640 | 42,734 | 53,000 | 50,000 | 50,000 |
| Capex / Sales | 7.58% | 10.73% | 6.89% | 8.95% | 10.69% | 12.88% | 11.36% | 11% |
| Announcement Date | 09/05/19 | 11/05/20 | 10/05/21 | 12/05/22 | 11/05/23 | 13/05/24 | - | - |
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+
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
1,111
JPY
Average target price
1,307
JPY
Spread / Average Target
+17.61%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +4.16% | 63Cr | |
| +5.92% | 10TCr | |
| -4.43% | 6.47TCr | |
| +60.48% | 4.32TCr | |
| +16.73% | 3.93TCr | |
| +6.77% | 3.3TCr | |
| +12.31% | 2.01TCr | |
| +13.41% | 1.7TCr | |
| +25.44% | 1.6TCr | |
| +5.80% | 1.47TCr |
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