HORIBA (6856)
Analyst Projections

 

 

 

Annual Income Statement Data
  Actuals in M JPY Estimates in M JPY
Fiscal Period December 2009 2010 2011 2012 2013 2014
Sales 104 538 118 556 123 456 127 436 133 938 140 536
Operating income (EBITDA) 9 680 16 788 19 017 19 617 21 784 23 377
Operating profit (EBIT) - - - 14 674 15 674 17 159
Pre-Tax Profit (EBT) 4 393 11 882 13 647 14 545 16 425 17 691
Net income 3 161 7 927 8 664 9 245 10 757 11 711
EPS ( JPY) 74,8 187 205 219 254 277
Dividend per Share ( JPY) 13,0 17,0 40,0 41,5 43,7 46,1
Yield 0,49% 0,64% 1,50% 1,55% 1,63% 1,73%
Annoucement Date 02/15/2010
06:20am		 02/15/2011
07:03am		 02/14/2012
06:53am		 - - -

 

Financial Ratios

 
Size 2012e 2013e
Capitalization 112 976 M JPY -
Company Value 86 168 M JPY 78 368 M JPY
Valuation 2012e 2013e
PER (Price / EPS) 12,2x 10,5x
Capitalization / Revenue 0,89x 0,84x
EV / Revenue 0,68x 0,59x
EV / EBITDA 4,39x 3,60x
Yield (DPS / Price) 1,55% 1,63%
Profitability 2012e 2013e
Operating Margin (EBIT / Sales) 11,5% 11,7%
operating laverage (Delta EBIT / Delta Sales) - 1,34x
Net Margin (Net Profit / Revenue) 7,25% 8,03%
ROA (Net Profit / Asset) 6,83% 7,43%
ROE (Net Profit / Equities) 9,65% 10,4%
Rate of Dividend 19,0% 17,2%
Balance Sheet Analysis 2012e 2013e
CAPEX / Sales   4,61% 3,87%
Cash Flow / Sales   10,5% 11,7%
Capital Intensity (Assets / Sales) 1,06x 1,08x
Financial Leverage (Net Debt / EBITDA) -1,37x -1,59x