Sekisui House, Ltd.

TSE-1928

Basic

Market Cap
¥2,440.05B
EV
¥3,836.55B
Shares Out
648.09M
Revenue
¥3,176.01B
Employees
29,932

Margins

Gross
20.36%
EBITDA
9.94%
Operating
9.05%
Pre-Tax
9.39%
Net
6.64%
FCF
-1.97%

Returns (5Yr Avg)

ROA
5.69%
ROTA
11.1%
ROE
10.94%
ROCE
12.22%
ROIC
7.76%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
¥3,933.33
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
¥400.27B
Net Debt
¥1,352.78B
Debt/Equity
0.95
EBIT/Interest
19.7

Growth (CAGR)

Rev 3Yr
8.93%
Rev 5Yr
7.84%
Rev 10Yr
5.28%
Dil EPS 3Yr
19.6%
Dil EPS 5Yr
11.46%
Dil EPS 10Yr
9.96%
Rev Fwd 2Yr
18.44%
EBITDA Fwd 2Yr
15.71%
EPS Fwd 2Yr
8.71%
EPS LT Growth Est
8.46%

Dividends

Yield
—
Payout
37.96%
DPS
¥123
DPS Growth 3Yr
15.9%
DPS Growth 5Yr
9.26%
DPS Growth 10Yr
11.08%
DPS Growth Fwd 2Yr
8.49%

Metric	Jan '16	Jan '17	Jan '20	Jan '21	Jan '22	Jan '23	Jan '24	LTM
Total Revenues			2,415,186	2,446,904	2,589,579	2,928,835	3,107,242	3,176,014
Total Revenues % Chg.			11.8%	1.3%	5.8%	13.1%	6.1%	9.8%
Cost of Goods Sold, Total			1,937,150	1,973,393	2,060,702	2,344,537	2,483,496	2,529,274
Gross Profit			478,036	473,511	528,877	584,298	623,746	646,740
Selling General & Admin Expenses, Total			272,662	286,886	298,618	322,698	352,710	359,726
Provision for Bad Debts			118	106	98	110	-553	-553
Other Operating Expenses, Total			272,780	286,992	298,716	322,808	352,157	359,173
Operating Income			205,256	186,519	230,161	261,490	271,589	287,567
Interest Expense, Total			-4,915	-2,769	-3,836	-5,317	-12,371	-14,601
Interest And Investment Income			5,787	4,939	4,508	4,380	5,138	5,220
Net Interest Expenses			872	2,170	672	-937	-7,233	-9,381
Income (Loss) On Equity Invest.			10,483	619	-1,238	-2,087	1,900	2,458
Currency Exchange Gains (Loss)	—		716	-3,575	1,134	-723	4,293	6,976
Other Non Operating Income (Expenses)			-3,422	-1,036	-636	-472	-1,670	-842
EBT, Excl. Unusual Items			213,905	184,697	230,093	257,271	268,879	286,778
Gain (Loss) On Sale Of Investments		—	12,522	3,088	6,428	17,087	25,983	17,197
Gain (Loss) On Sale Of Assets			-1,492	-1,319	-1,629	-1,759	-5,421	-5,409
Asset Writedown			-13,552	-356	-539	-2,898	-484	-354
Other Unusual Items			-1	-617	-20	-1,992	—	—
EBT, Incl. Unusual Items			211,382	185,493	234,333	267,709	288,957	298,212
Income Tax Expense			62,853	56,070	70,319	76,383	81,433	82,441
Earnings From Continuing Operations			148,529	129,423	164,014	191,326	207,524	215,771
Minority Interest			-7,273	-5,881	-10,109	-6,806	-5,199	-4,953
Net Income			141,256	123,542	153,905	184,520	202,325	210,818
Net Income to Common Incl Extra Items			141,256	123,542	153,905	184,520	202,325	210,818
Net Income to Common Excl. Extra Items			141,256	123,542	153,905	184,520	202,325	210,818
Total Shares Outstanding			683.5	680.9	674.8	662.1	648	648
Weighted Avg. Shares Outstanding			686.4	681.9	676.9	667.2	654.2	650.6
Weighted Avg. Shares Outstanding Dil			687.1	682.5	677.3	667.4	654.4	650.8
EPS			205.8	181.2	227.4	276.6	309.3	324
EPS Diluted			205.6	181	227.3	276.5	309.2	323.9
EBITDA			226,774	208,245	254,230	288,201	299,334	315,570.5
Effective Tax Rate			29.7%	30.2%	30%	28.5%	28.2%	27.6%