TOYOTA BOSHOKU CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,304 JPY | -4.75% |
|
-4.58% | +2.97% |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,11,060 | 2,40,437 | 3,41,931 | 3,74,105 | 3,99,372 | 4,11,294 | - | - |
| Enterprise Value (EV) 1 | 2,67,628 | 2,01,592 | 2,88,525 | 2,55,902 | 3,05,406 | 4,58,600 | 3,07,712 | 2,73,980 |
| P/E ratio | 11.3 x | 9.69 x | 11 x | 9.53 x | 27.2 x | 8.24 x | 8.21 x | 6.97 x |
| Yield | 3.34% | 4.2% | 2.46% | 3.2% | 3.28% | 3.73% | 3.78% | 3.73% |
| Capitalization / Revenue | 0.22 x | 0.18 x | 0.27 x | 0.26 x | 0.25 x | 0.23 x | 0.21 x | 0.2 x |
| EV / Revenue | 0.19 x | 0.15 x | 0.23 x | 0.18 x | 0.19 x | 0.23 x | 0.16 x | 0.13 x |
| EV / EBITDA | 2.78 x | 2.29 x | 2.97 x | 2.49 x | 3.22 x | 4.54 x | 2.52 x | 1.87 x |
| EV / FCF | -431 x | 7.91 x | 12.5 x | 2.88 x | 5.77 x | 5.62 x | 8.5 x | 4.18 x |
| FCF Yield | -0.23% | 12.6% | 8% | 34.7% | 17.3% | 17.8% | 11.8% | 23.9% |
| Price to Book | 1.06 x | 0.83 x | 1.02 x | 0.97 x | 1 x | 1.02 x | 0.87 x | 0.81 x |
| Nbr of stocks (in thousands) | 1,85,707 | 1,86,820 | 1,86,847 | 1,86,866 | 1,86,884 | 1,78,513 | - | - |
| Reference price 2 | 1,675 | 1,287 | 1,830 | 2,002 | 2,137 | 2,304 | 2,304 | 2,304 |
| Announcement Date | 26/04/19 | 30/04/20 | 28/04/21 | 28/04/22 | 27/04/23 | 26/04/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 14,17,376 | 13,72,616 | 12,72,140 | 14,21,451 | 16,04,036 | 19,53,625 | 19,65,500 | 20,53,700 |
| EBITDA 1 | 96,339 | 88,008 | 97,050 | 1,02,856 | 94,712 | 1,00,930 | 1,22,175 | 1,46,849 |
| EBIT 1 | 61,257 | 47,785 | 57,103 | 60,290 | 47,672 | 78,636 | 92,350 | 98,833 |
| Operating Margin | 4.32% | 3.48% | 4.49% | 4.24% | 2.97% | 4.03% | 4.7% | 4.81% |
| Earnings before Tax (EBT) 1 | 61,489 | 48,074 | 57,345 | 64,529 | 52,291 | 87,372 | 87,550 | 1,01,533 |
| Net income 1 | 27,457 | 24,786 | 31,188 | 39,260 | 14,679 | 57,885 | 50,833 | 59,367 |
| Net margin | 1.94% | 1.81% | 2.45% | 2.76% | 0.92% | 2.96% | 2.59% | 2.89% |
| EPS 2 | 147.8 | 132.9 | 166.9 | 210.2 | 78.57 | 311.7 | 280.6 | 330.4 |
| Free Cash Flow 1 | -621 | 25,498 | 23,091 | 88,731 | 52,967 | 55,423 | 36,202 | 65,500 |
| FCF margin | -0.04% | 1.86% | 1.82% | 6.24% | 3.3% | 2.84% | 1.84% | 3.19% |
| FCF Conversion (EBITDA) | - | 28.97% | 23.79% | 86.27% | 55.92% | 38.96% | 29.63% | 44.6% |
| FCF Conversion (Net income) | - | 102.87% | 74.04% | 226.01% | 360.84% | 95.17% | 71.22% | 110.33% |
| Dividend per Share 2 | 56.00 | 54.00 | 45.00 | 64.00 | 70.00 | 86.00 | 87.00 | 86.00 |
| Announcement Date | 26/04/19 | 30/04/20 | 28/04/21 | 28/04/22 | 27/04/23 | 26/04/24 | - | - |
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 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,14,791 | 6,57,825 | 5,45,425 | 7,26,715 | 2,97,813 | 6,52,080 | 3,82,866 | 3,86,505 | 3,50,346 | 4,11,457 | 7,61,803 | 4,07,367 | 4,34,866 | 4,75,499 | 4,88,559 | 9,64,058 | 5,07,121 | 4,82,446 | 4,84,050 | 4,87,100 | 4,94,500 | 4,99,850 |
| EBITDA | - | - | - | - | 16,706 | - | 29,053 | 28,904 | 14,770 | 21,557 | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 26,508 | 21,277 | 3,614 | 53,489 | 6,464 | 24,263 | 18,203 | 17,824 | 3,404 | 9,465 | 12,869 | 15,762 | 19,041 | 22,166 | 27,432 | 49,598 | 27,125 | 1,913 | 20,667 | 21,383 | 23,067 | 23,250 |
| Operating Margin | 3.71% | 3.23% | 0.66% | 7.36% | 2.17% | 3.72% | 4.75% | 4.61% | 0.97% | 2.3% | 1.69% | 3.87% | 4.38% | 4.66% | 5.61% | 5.14% | 5.35% | 0.4% | 4.27% | 4.39% | 4.66% | 4.65% |
| Earnings before Tax (EBT) 1 | 27,109 | 20,965 | 3,163 | - | 6,301 | 25,788 | 19,048 | 19,693 | 7,550 | 12,189 | 19,739 | 13,362 | 19,190 | 25,374 | 29,674 | 55,048 | 24,324 | 8,000 | 21,400 | 21,500 | 23,000 | 22,700 |
| Net income 1 | 12,638 | 12,148 | -7,667 | 38,855 | 1,958 | 14,153 | 10,345 | 14,762 | -1,378 | 3,394 | 2,016 | 6,754 | 5,909 | 12,505 | 16,443 | 28,948 | 13,164 | 15,773 | 12,500 | 12,500 | 13,400 | 13,200 |
| Net margin | 1.77% | 1.85% | -1.41% | 5.35% | 0.66% | 2.17% | 2.7% | 3.82% | -0.39% | 0.82% | 0.26% | 1.66% | 1.36% | 2.63% | 3.37% | 3% | 2.6% | 3.27% | 2.58% | 2.57% | 2.71% | 2.64% |
| EPS 2 | 67.85 | - | -41.04 | - | 10.48 | 75.75 | 55.35 | 79.05 | -7.380 | 18.17 | 10.79 | 36.15 | 31.63 | 66.93 | 88.00 | 154.9 | 70.45 | 86.36 | 58.34 | 62.09 | 64.76 | 85.10 |
| Dividend per Share | 28.00 | - | 10.00 | - | - | 32.00 | - | - | - | - | 35.00 | - | - | - | - | 43.00 | - | - | - | - | - | - |
| Announcement Date | 31/10/19 | 30/04/20 | 29/10/20 | 28/04/21 | 29/10/21 | 29/10/21 | 02/02/22 | 28/04/22 | 29/07/22 | 28/10/22 | 28/10/22 | 03/02/23 | 27/04/23 | 28/07/23 | 31/10/23 | 31/10/23 | 02/02/24 | 26/04/24 | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 43,432 | 38,845 | 53,406 | 1,18,203 | 93,966 | 99,855 | 1,03,582 | 1,37,313 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -621 | 25,498 | 23,091 | 88,731 | 52,967 | 55,423 | 36,202 | 65,500 |
| ROE (net income / shareholders' equity) | 9.6% | 8.5% | 10% | 10.9% | 3.7% | 13.6% | 11.4% | 12.6% |
| ROA (Net income/ Total Assets) | 8% | 3.15% | 3.84% | 7.13% | 5.3% | 8.18% | 8.2% | 8.85% |
| Assets 1 | 3,43,421 | 7,87,157 | 8,12,188 | 5,50,767 | 2,76,806 | 7,07,260 | 6,19,919 | 6,70,810 |
| Book Value Per Share 2 | 1,573 | 1,558 | 1,793 | 2,067 | 2,144 | 2,515 | 2,641 | 2,830 |
| Cash Flow per Share 2 | 337.0 | 349.0 | 381.0 | 438.0 | 330.0 | 593.0 | 579.0 | 635.0 |
| Capex 1 | 61,341 | 49,848 | 48,922 | 34,202 | 53,980 | 72,000 | 68,333 | 64,000 |
| Capex / Sales | 4.33% | 3.63% | 3.85% | 2.41% | 3.37% | 3.69% | 3.48% | 3.12% |
| Announcement Date | 26/04/19 | 30/04/20 | 28/04/21 | 28/04/22 | 27/04/23 | 26/04/24 | - | - |
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
C+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
2,304
JPY
Average target price
2,740
JPY
Spread / Average Target
+18.92%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +2.97% | 2.61B | |
| +6.71% | 8.03B | |
| +1.89% | 5.07B | |
| +12.64% | 2.92B | |
| -15.18% | 2.78B | |
| -3.27% | 2.27B | |
| +33.64% | 1.77B | |
| +39.15% | 1.62B | |
| +6.84% | 1.49B | |
| -22.98% | 1.43B |
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