View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsSnow Peak 将来の成長Future 基準チェック /06現在、 Snow Peakの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Leisure 収益成長11.4%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報Price Target Changed • Feb 19Price target increased by 27% to JP¥1,810Up from JP¥1,430, the current price target is provided by 1 analyst. New target price is 83% above last closing price of JP¥988. Stock is down 55% over the past year. The company is forecast to post earnings per share of JP¥22.45 for next year compared to JP¥0.026 last year.Major Estimate Revision • Feb 14Consensus EPS estimates fall by 30%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥29.1b to JP¥28.6b. EPS estimate also fell from JP¥32.13 per share to JP¥22.45 per share. Net income forecast to grow 58% next year vs 0.7% growth forecast for Leisure industry in Japan. Consensus price target down from JP¥1,430 to JP¥1,355. Share price fell 10% to JP¥763 over the past week.Major Estimate Revision • Nov 15Consensus EPS estimates fall by 26%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥27.5b to JP¥26.4b. EPS estimate also fell from JP¥28.99 per share to JP¥21.58 per share. Net income forecast to grow 42% next year vs 4.0% growth forecast for Leisure industry in Japan. Consensus price target down from JP¥1,555 to JP¥1,430. Share price was steady at JP¥996 over the past week.Major Estimate Revision • Aug 21Consensus revenue estimates fall by 14%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥32.4b to JP¥27.8b. EPS estimate fell from JP¥71.02 to JP¥27.74 per share. Net income forecast to grow 146% next year vs 13% growth forecast for Leisure industry in Japan. Consensus price target down from JP¥2,030 to JP¥1,880. Share price fell 9.0% to JP¥1,460 over the past week.Price Target Changed • Aug 19Price target decreased by 7.4% to JP¥1,880Down from JP¥2,030, the current price target is an average from 2 analysts. New target price is 29% above last closing price of JP¥1,460. Stock is down 37% over the past year. The company is forecast to post earnings per share of JP¥27.74 for next year compared to JP¥51.43 last year.お知らせ • Aug 19+ 2 more updatesSnow Peak, Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2023Snow Peak, Inc. revised consolidated earnings guidance for the fiscal year ending December 31, 2023. For the period, Company now expects net sales of JPY 27,850 million, operating profit of JPY 1,091 million, profit attributable to owners of parent JPY 615 million and basic earnings per share of JPY 16.24 against the previously provided guidance of net sales of JPY 36,000 million, operating profit of JPY 5,000 million, profit attributable to owners of parent JPY 2,849 million and basic earnings per share of JPY 75.35.すべての更新を表示Recent updatesReported Earnings • May 19First quarter 2024 earnings released: JP¥13.55 loss per share (vs JP¥6.48 profit in 1Q 2023)First quarter 2024 results: JP¥13.55 loss per share (down from JP¥6.48 profit in 1Q 2023). Revenue: JP¥4.87b (down 25% from 1Q 2023). Net loss: JP¥513.0m (down 309% from profit in 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.お知らせ • Feb 28Snow Peak, Inc. to Report Q1, 2024 Results on May 15, 2024Snow Peak, Inc. announced that they will report Q1, 2024 results on May 15, 2024お知らせ • Feb 21BCJ-79 Co., Ltd. made an offer to acquire 71.44% stake in Snow Peak, Inc. (TSE:7816) from Mieko Watanabe and Yoshiko Yamai and others for ¥34 billion.BCJ-79 Co., Ltd. made an offer to acquire 71.44% stake in Snow Peak, Inc. (TSE:7816) from Mieko Watanabe and Yoshiko Yamai and others for ¥34 billion in February 20, 2024. The offer per share is ¥1,250 per common share. Tender offer is supposed to Complete on April 12, 2024. TMI Associates acts as Legal advisor to Snow Peak, Inc. Deloitte Tohmatsu Financial Advisory LLC acted as Financial advisor to Snow Peak, Inc.Price Target Changed • Feb 19Price target increased by 27% to JP¥1,810Up from JP¥1,430, the current price target is provided by 1 analyst. New target price is 83% above last closing price of JP¥988. Stock is down 55% over the past year. The company is forecast to post earnings per share of JP¥22.45 for next year compared to JP¥0.026 last year.お知らせ • Feb 15Snow Peak, Inc., Annual General Meeting, Mar 28, 2024Snow Peak, Inc., Annual General Meeting, Mar 28, 2024.Reported Earnings • Feb 14Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: JP¥0.026 (down from JP¥51.43 in FY 2022). Revenue: JP¥25.7b (down 16% from FY 2022). Net income: JP¥1.00m (down 100% from FY 2022). Profit margin: 0% (down from 6.3% in FY 2022). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 100%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 19% per year.Major Estimate Revision • Feb 14Consensus EPS estimates fall by 30%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥29.1b to JP¥28.6b. EPS estimate also fell from JP¥32.13 per share to JP¥22.45 per share. Net income forecast to grow 58% next year vs 0.7% growth forecast for Leisure industry in Japan. Consensus price target down from JP¥1,430 to JP¥1,355. Share price fell 10% to JP¥763 over the past week.Upcoming Dividend • Dec 21Upcoming dividend of JP¥12.00 per share at 1.3% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Payout ratio is on the higher end at 85% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.7%).Valuation Update With 7 Day Price Move • Dec 12Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥826, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 14x in the Leisure industry in Japan. Total loss to shareholders of 7.6% over the past three years.お知らせ • Dec 05Snow Peak, Inc. to Report Fiscal Year 2023 Results on Feb 13, 2024Snow Peak, Inc. announced that they will report fiscal year 2023 results on Feb 13, 2024お知らせ • Nov 17Snow Peak, Inc. Provides Dividend Guidance for the Fiscal Year Ending December 31, 2023Snow Peak, Inc. provided dividend guidance for the fiscal year ending December 31, 2023. For the year, the company expects to pay dividend of JPY 12.00 per share.New Risk • Nov 15New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin).Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: JP¥4.89 (vs JP¥9.65 in 3Q 2022)Third quarter 2023 results: EPS: JP¥4.89 (down from JP¥9.65 in 3Q 2022). Revenue: JP¥6.39b (down 12% from 3Q 2022). Net income: JP¥185.0m (down 49% from 3Q 2022). Profit margin: 2.9% (down from 5.0% in 3Q 2022). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 5% per year.Major Estimate Revision • Nov 15Consensus EPS estimates fall by 26%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥27.5b to JP¥26.4b. EPS estimate also fell from JP¥28.99 per share to JP¥21.58 per share. Net income forecast to grow 42% next year vs 4.0% growth forecast for Leisure industry in Japan. Consensus price target down from JP¥1,555 to JP¥1,430. Share price was steady at JP¥996 over the past week.New Risk • Oct 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Profit margins are more than 30% lower than last year (2.5% net profit margin).お知らせ • Aug 30Snow Peak, Inc. to Report Q3, 2023 Results on Nov 13, 2023Snow Peak, Inc. announced that they will report Q3, 2023 results on Nov 13, 2023Major Estimate Revision • Aug 21Consensus revenue estimates fall by 14%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥32.4b to JP¥27.8b. EPS estimate fell from JP¥71.02 to JP¥27.74 per share. Net income forecast to grow 146% next year vs 13% growth forecast for Leisure industry in Japan. Consensus price target down from JP¥2,030 to JP¥1,880. Share price fell 9.0% to JP¥1,460 over the past week.Price Target Changed • Aug 19Price target decreased by 7.4% to JP¥1,880Down from JP¥2,030, the current price target is an average from 2 analysts. New target price is 29% above last closing price of JP¥1,460. Stock is down 37% over the past year. The company is forecast to post earnings per share of JP¥27.74 for next year compared to JP¥51.43 last year.お知らせ • Aug 19+ 2 more updatesSnow Peak, Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2023Snow Peak, Inc. revised consolidated earnings guidance for the fiscal year ending December 31, 2023. For the period, Company now expects net sales of JPY 27,850 million, operating profit of JPY 1,091 million, profit attributable to owners of parent JPY 615 million and basic earnings per share of JPY 16.24 against the previously provided guidance of net sales of JPY 36,000 million, operating profit of JPY 5,000 million, profit attributable to owners of parent JPY 2,849 million and basic earnings per share of JPY 75.35.New Risk • Aug 16New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (2.5% net profit margin).Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: JP¥6.21 (vs JP¥28.24 in 2Q 2022)Second quarter 2023 results: EPS: JP¥6.21 (down from JP¥28.24 in 2Q 2022). Revenue: JP¥6.66b (down 23% from 2Q 2022). Net income: JP¥235.0m (down 78% from 2Q 2022). Profit margin: 3.5% (down from 12% in 2Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 28Snow Peak, Inc. to Report Q2, 2023 Results on Aug 10, 2023Snow Peak, Inc. announced that they will report Q2, 2023 results on Aug 10, 2023お知らせ • May 25+ 1 more updateSnow Peak, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2023Snow Peak, Inc. provided consolidated earnings guidance for the fiscal year ending December 31, 2023. For the period, Company expects net sales of JPY 36,000 million, operating profit of JPY 5,000 million, profit attributable to owners of parent JPY 2,849 million and basic earnings per share of JPY 75.35.Reported Earnings • May 17First quarter 2023 earnings released: EPS: JP¥6.48 (vs JP¥16.96 in 1Q 2022)First quarter 2023 results: EPS: JP¥6.48 (down from JP¥16.96 in 1Q 2022). Revenue: JP¥6.48b (down 8.5% from 1Q 2022). Net income: JP¥245.0m (down 62% from 1Q 2022). Profit margin: 3.8% (down from 9.1% in 1Q 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Feb 25Price target decreased by 19% to JP¥2,155Down from JP¥2,650, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥2,080. Stock is down 27% over the past year. The company posted earnings per share of JP¥51.43 last year.Major Estimate Revision • Feb 20Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥36.4b to JP¥32.5b. EPS estimate fell from JP¥86.30 to JP¥69.83 per share. Net income forecast to grow 36% next year vs 0.5% decline forecast for Leisure industry in Japan. Consensus price target of JP¥2,475 unchanged from last update. Share price fell 2.1% to JP¥2,142 over the past week.お知らせ • Feb 15Snow Peak, Inc., Annual General Meeting, Mar 29, 2023Snow Peak, Inc., Annual General Meeting, Mar 29, 2023.Reported Earnings • Feb 14Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: JP¥51.43 (down from JP¥72.16 in FY 2021). Revenue: JP¥30.8b (up 20% from FY 2021). Net income: JP¥1.95b (down 29% from FY 2021). Profit margin: 6.3% (down from 11% in FY 2021). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Dec 22Upcoming dividend of JP¥12.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 28 March 2023. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.3%).お知らせ • Dec 09Snow Peak, Inc. to Report Fiscal Year 2022 Results on Feb 13, 2023Snow Peak, Inc. announced that they will report fiscal year 2022 results on Feb 13, 2023Reported Earnings • Nov 18Third quarter 2022 earnings released: EPS: JP¥9.65 (vs JP¥16.79 in 3Q 2021)Third quarter 2022 results: EPS: JP¥9.65 (down from JP¥16.79 in 3Q 2021). Revenue: JP¥7.23b (up 7.6% from 3Q 2021). Net income: JP¥365.0m (down 43% from 3Q 2021). Profit margin: 5.0% (down from 9.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 65% per year whereas the company’s share price has increased by 61% per year.Price Target Changed • Nov 16Price target decreased to JP¥2,725Down from JP¥3,650, the current price target is an average from 2 analysts. New target price is 23% above last closing price of JP¥2,211. Stock is down 47% over the past year. The company is forecast to post earnings per share of JP¥68.79 for next year compared to JP¥72.16 last year.Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. No independent directors (8 non-independent directors). Executive Officer, General Manager of Planning Division and Director Kei Kosugi was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.お知らせ • Oct 07Snow Peak, Inc. to Report Q3, 2022 Results on Nov 14, 2022Snow Peak, Inc. announced that they will report Q3, 2022 results on Nov 14, 2022Price Target Changed • Sep 07Price target decreased to JP¥2,725Down from JP¥3,650, the current price target is an average from 3 analysts. New target price is 31% above last closing price of JP¥2,081. Stock is down 25% over the past year. The company is forecast to post earnings per share of JP¥68.79 for next year compared to JP¥72.16 last year.Major Estimate Revision • Aug 24Consensus EPS estimates fall by 28%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from JP¥32.7b to JP¥31.3b. EPS estimate also fell from JP¥96.90 per share to JP¥70.07 per share. Net income forecast to shrink 3.1% next year vs 9.7% decline forecast for Leisure industry in Japan. Consensus price target down from JP¥3,650 to JP¥3,425. Share price fell 3.2% to JP¥2,275 over the past week.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: JP¥28.24 (vs JP¥19.07 in 2Q 2021)Second quarter 2022 results: EPS: JP¥28.24 (up from JP¥19.07 in 2Q 2021). Revenue: JP¥8.61b (up 30% from 2Q 2021). Net income: JP¥1.07b (up 48% from 2Q 2021). Profit margin: 12% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 19%, compared to a 4.1% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 04Snow Peak, Inc. to Report Q2, 2022 Results on Aug 12, 2022Snow Peak, Inc. announced that they will report Q2, 2022 results on Aug 12, 2022Valuation Update With 7 Day Price Move • Jun 15Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to JP¥2,410, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 14x in the Leisure industry in Japan. Total returns to shareholders of 251% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,225 per share.Valuation Update With 7 Day Price Move • May 31Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥2,754, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 15x in the Leisure industry in Japan. Total returns to shareholders of 316% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,181 per share.Reported Earnings • May 16First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: JP¥16.96 (up from JP¥10.88 in 1Q 2021). Revenue: JP¥7.08b (up 40% from 1Q 2021). Net income: JP¥642.0m (up 57% from 1Q 2021). Profit margin: 9.1% (up from 8.1% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 21%, compared to a 4.3% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.Price Target Changed • Apr 27Price target increased to JP¥3,417Up from JP¥3,117, the current price target is an average from 3 analysts. New target price is 39% above last closing price of JP¥2,463. Stock is up 26% over the past year. The company is forecast to post earnings per share of JP¥96.90 for next year compared to JP¥72.16 last year.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. No independent directors (8 non-independent directors). Executive Officer, General Manager of Planning Division and Director Kei Kosugi was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.お知らせ • Apr 08Snow Peak, Inc. to Report Q1, 2022 Results on May 13, 2022Snow Peak, Inc. announced that they will report Q1, 2022 results on May 13, 2022Buying Opportunity • Apr 05Now 20% undervaluedOver the last 90 days, the stock is up 8.9%. The fair value is estimated to be JP¥4,037, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 56%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings is also forecast to grow by 23% per annum over the same time period.Reported Earnings • Apr 02Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: JP¥72.16 (up from JP¥28.14 in FY 2020). Revenue: JP¥25.7b (up 53% from FY 2020). Net income: JP¥2.73b (up 160% from FY 2020). Profit margin: 11% (up from 6.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 27%, compared to a 7.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Mar 18Investor sentiment improved over the past weekAfter last week's 23% share price gain to JP¥3,435, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 15x in the Leisure industry in Japan. Total returns to shareholders of 398% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,943 per share.Reported Earnings • Feb 18Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: JP¥72.16 (up from JP¥28.14 in FY 2020). Revenue: JP¥25.7b (up 53% from FY 2020). Net income: JP¥2.73b (up 160% from FY 2020). Profit margin: 11% (up from 6.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 26%, compared to a 5.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 56% per year whereas the company’s share price has increased by 54% per year.お知らせ • Feb 16Snow Peak, Inc., Annual General Meeting, Mar 25, 2022Snow Peak, Inc., Annual General Meeting, Mar 25, 2022.Valuation Update With 7 Day Price Move • Feb 15Investor sentiment improved over the past weekAfter last week's 21% share price gain to JP¥2,791, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 17x in the Leisure industry in Japan. Total returns to shareholders of 317% over the past three years.Valuation Update With 7 Day Price Move • Jan 21Investor sentiment deteriorated over the past weekAfter last week's 23% share price decline to JP¥2,312, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 17x in the Leisure industry in Japan. Total returns to shareholders of 283% over the past three years.Upcoming Dividend • Dec 22Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 March 2022. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.1%).Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improved over the past weekAfter last week's 45% share price gain to JP¥8,880, the stock trades at a forward P/E ratio of 76x. Average forward P/E is 17x in the Leisure industry in Japan. Total returns to shareholders of 564% over the past three years.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS JP¥33.57 (vs JP¥18.90 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥6.72b (up 39% from 3Q 2020). Net income: JP¥635.0m (up 78% from 3Q 2020). Profit margin: 9.4% (up from 7.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥5,560, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 18x in the Leisure industry in Japan. Total returns to shareholders of 245% over the past three years.Valuation Update With 7 Day Price Move • Sep 30Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to JP¥4,910, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 19x in the Leisure industry in Japan. Total returns to shareholders of 187% over the past three years.Valuation Update With 7 Day Price Move • Sep 10Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥6,040, the stock trades at a forward P/E ratio of 74x. Average forward P/E is 18x in the Leisure industry in Japan. Total returns to shareholders of 276% over the past three years.Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS JP¥38.14 (vs JP¥5.84 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥6.63b (up 91% from 2Q 2020). Net income: JP¥721.0m (up JP¥611.0m from 2Q 2020). Profit margin: 11% (up from 3.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 13Investor sentiment improved over the past weekAfter last week's 27% share price gain to JP¥4,985, the stock trades at a forward P/E ratio of 66x. Average forward P/E is 18x in the Leisure industry in Japan. Total returns to shareholders of 210% over the past three years.Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improved over the past weekAfter last week's 17% share price gain to JP¥3,785, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 19x in the Leisure industry in Japan. Total returns to shareholders of 156% over the past three years.Reported Earnings • May 18First quarter 2021 earnings released: EPS JP¥21.76 (vs JP¥5.29 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥5.05b (up 63% from 1Q 2020). Net income: JP¥410.0m (up 332% from 1Q 2020). Profit margin: 8.1% (up from 3.1% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to JP¥3,315, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 17x in the Leisure industry in Japan. Total returns to shareholders of 134% over the past three years.Reported Earnings • Apr 04Full year 2020 earnings released: EPS JP¥56.28 (vs JP¥26.87 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥16.8b (up 18% from FY 2019). Net income: JP¥1.05b (up 147% from FY 2019). Profit margin: 6.3% (up from 3.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 15Investor sentiment improved over the past weekAfter last week's 22% share price gain to JP¥3,340, the stock trades at a trailing P/E ratio of 59.3x, up from the previous P/E ratio of 48.8x. Average P/E is 28x in the Leisure industry in Japan. Total returns to shareholders over the past three years are 161%.Is New 90 Day High Low • Mar 15New 90-day high: JP¥3,340The company is up 84% from a price of JP¥1,815 on 15 December 2020. Outperformed the Japanese market which is up 9.0% over the last 90 days. Exceeded the Leisure industry, which is down 1.0% over the same period.Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improved over the past weekAfter last week's 49% share price gain to JP¥3,050, the stock is trading at a trailing P/E ratio of 54.2x, up from the previous P/E ratio of 36.4x. This compares to an average P/E of 27x in the Leisure industry in Japan. Total returns to shareholders over the past three years are 164%.お知らせ • Feb 16Snow Peak, Inc., Annual General Meeting, Mar 26, 2021Snow Peak, Inc., Annual General Meeting, Mar 26, 2021.Reported Earnings • Feb 14Full year 2020 earnings released: EPS JP¥56.28 (vs JP¥26.87 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥16.8b (up 18% from FY 2019). Net income: JP¥1.05b (up 147% from FY 2019). Profit margin: 6.3% (up from 3.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Analyst Estimate Surprise Post Earnings • Feb 14Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Over the next year, revenue is forecast to grow 9.6%, compared to a 12% growth forecast for the Leisure industry in Japan.Valuation Update With 7 Day Price Move • Feb 05Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥2,062, the stock is trading at a trailing P/E ratio of 78.3x, up from the previous P/E ratio of 67.7x. This compares to an average P/E of 33x in the Leisure industry in Japan. Total returns to shareholders over the past three years are 47%.Is New 90 Day High Low • Feb 05New 90-day high: JP¥2,062The company is up 7.0% from its price of JP¥1,931 on 06 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥153 per share.Upcoming Dividend • Dec 22Upcoming Dividend of JP¥12.50 Per ShareWill be paid on the 30th of March to those who are registered shareholders by the 29th of December. The trailing yield of 0.7% is below the top quartile of Japanese dividend payers (3.0%), and is lower than industry peers (1.3%).お知らせ • Dec 19Snow Peak, Inc. to Report Fiscal Year 2020 Results on Feb 12, 2021Snow Peak, Inc. announced that they will report fiscal year 2020 results on Feb 12, 2021お知らせ • Oct 10Snow Peak, Inc. to Report Q3, 2020 Results on Nov 12, 2020Snow Peak, Inc. announced that they will report Q3, 2020 results on Nov 12, 2020 このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Snow Peak は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測TSE:7816 - アナリストの将来予測と過去の財務データ ( )JPY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/202424,120-757N/AN/AN/A12/31/202325,7281-3,552-1,287N/A9/30/202327,377534N/AN/AN/A6/30/202328,217714-3,800-1,337N/A3/31/202330,1681,549N/AN/AN/A12/31/202230,7731,946-4,150-1,461N/A9/30/202230,2503,038N/AN/AN/A6/30/202229,7363,308-1,603329N/A3/31/202227,7522,959N/AN/AN/A12/31/202125,7132,7271,0032,664N/A9/30/202123,7362,253N/AN/AN/A6/30/202121,8631,9741,6393,894N/A3/31/202118,7051,363N/AN/AN/A12/31/202016,7641,048-4212,956N/A9/30/202015,150475N/AN/AN/A6/30/202013,971292-2,1671,106N/A3/31/202014,538565N/AN/AN/A12/31/201914,260425-687496N/A9/30/201913,785634N/AN/AN/A6/30/201912,968609243720N/A3/31/201912,588529N/AN/AN/A12/31/201812,0704781,0831,436N/A9/30/201811,113135N/AN/AN/A6/30/201810,822-71-367462N/A3/31/20189,983-314N/AN/AN/A12/31/20179,910-251N/A-287N/A9/30/20179,64537N/AN/AN/A6/30/20179,421247N/A446N/A3/31/20179,435405N/AN/AN/A12/31/20169,222485N/A727N/A9/30/20169,102446N/AN/AN/A6/30/20168,908407N/A652N/A3/31/20168,315359N/AN/AN/A12/31/20157,854284N/A380N/A9/30/20157,237266N/AN/AN/A12/31/20145,559116N/A518N/A12/31/20134,486177N/AN/AN/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 7816の予測収益成長が 貯蓄率 ( 0.2% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: 7816の収益がJP市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: 7816の収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: 7816の収益がJP市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: 7816の収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 7816の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YConsumer-durables 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2024/07/12 01:16終値2024/07/11 00:00収益2024/03/31年間収益2023/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Snow Peak, Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Arashi NishizawaBofA Global ResearchYasuhiro NaritaNomura Securities Co. Ltd.null nullStorm Research Limited
Price Target Changed • Feb 19Price target increased by 27% to JP¥1,810Up from JP¥1,430, the current price target is provided by 1 analyst. New target price is 83% above last closing price of JP¥988. Stock is down 55% over the past year. The company is forecast to post earnings per share of JP¥22.45 for next year compared to JP¥0.026 last year.
Major Estimate Revision • Feb 14Consensus EPS estimates fall by 30%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥29.1b to JP¥28.6b. EPS estimate also fell from JP¥32.13 per share to JP¥22.45 per share. Net income forecast to grow 58% next year vs 0.7% growth forecast for Leisure industry in Japan. Consensus price target down from JP¥1,430 to JP¥1,355. Share price fell 10% to JP¥763 over the past week.
Major Estimate Revision • Nov 15Consensus EPS estimates fall by 26%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥27.5b to JP¥26.4b. EPS estimate also fell from JP¥28.99 per share to JP¥21.58 per share. Net income forecast to grow 42% next year vs 4.0% growth forecast for Leisure industry in Japan. Consensus price target down from JP¥1,555 to JP¥1,430. Share price was steady at JP¥996 over the past week.
Major Estimate Revision • Aug 21Consensus revenue estimates fall by 14%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥32.4b to JP¥27.8b. EPS estimate fell from JP¥71.02 to JP¥27.74 per share. Net income forecast to grow 146% next year vs 13% growth forecast for Leisure industry in Japan. Consensus price target down from JP¥2,030 to JP¥1,880. Share price fell 9.0% to JP¥1,460 over the past week.
Price Target Changed • Aug 19Price target decreased by 7.4% to JP¥1,880Down from JP¥2,030, the current price target is an average from 2 analysts. New target price is 29% above last closing price of JP¥1,460. Stock is down 37% over the past year. The company is forecast to post earnings per share of JP¥27.74 for next year compared to JP¥51.43 last year.
お知らせ • Aug 19+ 2 more updatesSnow Peak, Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2023Snow Peak, Inc. revised consolidated earnings guidance for the fiscal year ending December 31, 2023. For the period, Company now expects net sales of JPY 27,850 million, operating profit of JPY 1,091 million, profit attributable to owners of parent JPY 615 million and basic earnings per share of JPY 16.24 against the previously provided guidance of net sales of JPY 36,000 million, operating profit of JPY 5,000 million, profit attributable to owners of parent JPY 2,849 million and basic earnings per share of JPY 75.35.
Reported Earnings • May 19First quarter 2024 earnings released: JP¥13.55 loss per share (vs JP¥6.48 profit in 1Q 2023)First quarter 2024 results: JP¥13.55 loss per share (down from JP¥6.48 profit in 1Q 2023). Revenue: JP¥4.87b (down 25% from 1Q 2023). Net loss: JP¥513.0m (down 309% from profit in 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 28Snow Peak, Inc. to Report Q1, 2024 Results on May 15, 2024Snow Peak, Inc. announced that they will report Q1, 2024 results on May 15, 2024
お知らせ • Feb 21BCJ-79 Co., Ltd. made an offer to acquire 71.44% stake in Snow Peak, Inc. (TSE:7816) from Mieko Watanabe and Yoshiko Yamai and others for ¥34 billion.BCJ-79 Co., Ltd. made an offer to acquire 71.44% stake in Snow Peak, Inc. (TSE:7816) from Mieko Watanabe and Yoshiko Yamai and others for ¥34 billion in February 20, 2024. The offer per share is ¥1,250 per common share. Tender offer is supposed to Complete on April 12, 2024. TMI Associates acts as Legal advisor to Snow Peak, Inc. Deloitte Tohmatsu Financial Advisory LLC acted as Financial advisor to Snow Peak, Inc.
Price Target Changed • Feb 19Price target increased by 27% to JP¥1,810Up from JP¥1,430, the current price target is provided by 1 analyst. New target price is 83% above last closing price of JP¥988. Stock is down 55% over the past year. The company is forecast to post earnings per share of JP¥22.45 for next year compared to JP¥0.026 last year.
お知らせ • Feb 15Snow Peak, Inc., Annual General Meeting, Mar 28, 2024Snow Peak, Inc., Annual General Meeting, Mar 28, 2024.
Reported Earnings • Feb 14Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: JP¥0.026 (down from JP¥51.43 in FY 2022). Revenue: JP¥25.7b (down 16% from FY 2022). Net income: JP¥1.00m (down 100% from FY 2022). Profit margin: 0% (down from 6.3% in FY 2022). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 100%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 19% per year.
Major Estimate Revision • Feb 14Consensus EPS estimates fall by 30%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥29.1b to JP¥28.6b. EPS estimate also fell from JP¥32.13 per share to JP¥22.45 per share. Net income forecast to grow 58% next year vs 0.7% growth forecast for Leisure industry in Japan. Consensus price target down from JP¥1,430 to JP¥1,355. Share price fell 10% to JP¥763 over the past week.
Upcoming Dividend • Dec 21Upcoming dividend of JP¥12.00 per share at 1.3% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Payout ratio is on the higher end at 85% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.7%).
Valuation Update With 7 Day Price Move • Dec 12Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥826, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 14x in the Leisure industry in Japan. Total loss to shareholders of 7.6% over the past three years.
お知らせ • Dec 05Snow Peak, Inc. to Report Fiscal Year 2023 Results on Feb 13, 2024Snow Peak, Inc. announced that they will report fiscal year 2023 results on Feb 13, 2024
お知らせ • Nov 17Snow Peak, Inc. Provides Dividend Guidance for the Fiscal Year Ending December 31, 2023Snow Peak, Inc. provided dividend guidance for the fiscal year ending December 31, 2023. For the year, the company expects to pay dividend of JPY 12.00 per share.
New Risk • Nov 15New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin).
Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: JP¥4.89 (vs JP¥9.65 in 3Q 2022)Third quarter 2023 results: EPS: JP¥4.89 (down from JP¥9.65 in 3Q 2022). Revenue: JP¥6.39b (down 12% from 3Q 2022). Net income: JP¥185.0m (down 49% from 3Q 2022). Profit margin: 2.9% (down from 5.0% in 3Q 2022). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 5% per year.
Major Estimate Revision • Nov 15Consensus EPS estimates fall by 26%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥27.5b to JP¥26.4b. EPS estimate also fell from JP¥28.99 per share to JP¥21.58 per share. Net income forecast to grow 42% next year vs 4.0% growth forecast for Leisure industry in Japan. Consensus price target down from JP¥1,555 to JP¥1,430. Share price was steady at JP¥996 over the past week.
New Risk • Oct 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Profit margins are more than 30% lower than last year (2.5% net profit margin).
お知らせ • Aug 30Snow Peak, Inc. to Report Q3, 2023 Results on Nov 13, 2023Snow Peak, Inc. announced that they will report Q3, 2023 results on Nov 13, 2023
Major Estimate Revision • Aug 21Consensus revenue estimates fall by 14%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥32.4b to JP¥27.8b. EPS estimate fell from JP¥71.02 to JP¥27.74 per share. Net income forecast to grow 146% next year vs 13% growth forecast for Leisure industry in Japan. Consensus price target down from JP¥2,030 to JP¥1,880. Share price fell 9.0% to JP¥1,460 over the past week.
Price Target Changed • Aug 19Price target decreased by 7.4% to JP¥1,880Down from JP¥2,030, the current price target is an average from 2 analysts. New target price is 29% above last closing price of JP¥1,460. Stock is down 37% over the past year. The company is forecast to post earnings per share of JP¥27.74 for next year compared to JP¥51.43 last year.
お知らせ • Aug 19+ 2 more updatesSnow Peak, Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2023Snow Peak, Inc. revised consolidated earnings guidance for the fiscal year ending December 31, 2023. For the period, Company now expects net sales of JPY 27,850 million, operating profit of JPY 1,091 million, profit attributable to owners of parent JPY 615 million and basic earnings per share of JPY 16.24 against the previously provided guidance of net sales of JPY 36,000 million, operating profit of JPY 5,000 million, profit attributable to owners of parent JPY 2,849 million and basic earnings per share of JPY 75.35.
New Risk • Aug 16New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (2.5% net profit margin).
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: JP¥6.21 (vs JP¥28.24 in 2Q 2022)Second quarter 2023 results: EPS: JP¥6.21 (down from JP¥28.24 in 2Q 2022). Revenue: JP¥6.66b (down 23% from 2Q 2022). Net income: JP¥235.0m (down 78% from 2Q 2022). Profit margin: 3.5% (down from 12% in 2Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 28Snow Peak, Inc. to Report Q2, 2023 Results on Aug 10, 2023Snow Peak, Inc. announced that they will report Q2, 2023 results on Aug 10, 2023
お知らせ • May 25+ 1 more updateSnow Peak, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2023Snow Peak, Inc. provided consolidated earnings guidance for the fiscal year ending December 31, 2023. For the period, Company expects net sales of JPY 36,000 million, operating profit of JPY 5,000 million, profit attributable to owners of parent JPY 2,849 million and basic earnings per share of JPY 75.35.
Reported Earnings • May 17First quarter 2023 earnings released: EPS: JP¥6.48 (vs JP¥16.96 in 1Q 2022)First quarter 2023 results: EPS: JP¥6.48 (down from JP¥16.96 in 1Q 2022). Revenue: JP¥6.48b (down 8.5% from 1Q 2022). Net income: JP¥245.0m (down 62% from 1Q 2022). Profit margin: 3.8% (down from 9.1% in 1Q 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Feb 25Price target decreased by 19% to JP¥2,155Down from JP¥2,650, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥2,080. Stock is down 27% over the past year. The company posted earnings per share of JP¥51.43 last year.
Major Estimate Revision • Feb 20Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥36.4b to JP¥32.5b. EPS estimate fell from JP¥86.30 to JP¥69.83 per share. Net income forecast to grow 36% next year vs 0.5% decline forecast for Leisure industry in Japan. Consensus price target of JP¥2,475 unchanged from last update. Share price fell 2.1% to JP¥2,142 over the past week.
お知らせ • Feb 15Snow Peak, Inc., Annual General Meeting, Mar 29, 2023Snow Peak, Inc., Annual General Meeting, Mar 29, 2023.
Reported Earnings • Feb 14Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: JP¥51.43 (down from JP¥72.16 in FY 2021). Revenue: JP¥30.8b (up 20% from FY 2021). Net income: JP¥1.95b (down 29% from FY 2021). Profit margin: 6.3% (down from 11% in FY 2021). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥12.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 28 March 2023. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.3%).
お知らせ • Dec 09Snow Peak, Inc. to Report Fiscal Year 2022 Results on Feb 13, 2023Snow Peak, Inc. announced that they will report fiscal year 2022 results on Feb 13, 2023
Reported Earnings • Nov 18Third quarter 2022 earnings released: EPS: JP¥9.65 (vs JP¥16.79 in 3Q 2021)Third quarter 2022 results: EPS: JP¥9.65 (down from JP¥16.79 in 3Q 2021). Revenue: JP¥7.23b (up 7.6% from 3Q 2021). Net income: JP¥365.0m (down 43% from 3Q 2021). Profit margin: 5.0% (down from 9.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 65% per year whereas the company’s share price has increased by 61% per year.
Price Target Changed • Nov 16Price target decreased to JP¥2,725Down from JP¥3,650, the current price target is an average from 2 analysts. New target price is 23% above last closing price of JP¥2,211. Stock is down 47% over the past year. The company is forecast to post earnings per share of JP¥68.79 for next year compared to JP¥72.16 last year.
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. No independent directors (8 non-independent directors). Executive Officer, General Manager of Planning Division and Director Kei Kosugi was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
お知らせ • Oct 07Snow Peak, Inc. to Report Q3, 2022 Results on Nov 14, 2022Snow Peak, Inc. announced that they will report Q3, 2022 results on Nov 14, 2022
Price Target Changed • Sep 07Price target decreased to JP¥2,725Down from JP¥3,650, the current price target is an average from 3 analysts. New target price is 31% above last closing price of JP¥2,081. Stock is down 25% over the past year. The company is forecast to post earnings per share of JP¥68.79 for next year compared to JP¥72.16 last year.
Major Estimate Revision • Aug 24Consensus EPS estimates fall by 28%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from JP¥32.7b to JP¥31.3b. EPS estimate also fell from JP¥96.90 per share to JP¥70.07 per share. Net income forecast to shrink 3.1% next year vs 9.7% decline forecast for Leisure industry in Japan. Consensus price target down from JP¥3,650 to JP¥3,425. Share price fell 3.2% to JP¥2,275 over the past week.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: JP¥28.24 (vs JP¥19.07 in 2Q 2021)Second quarter 2022 results: EPS: JP¥28.24 (up from JP¥19.07 in 2Q 2021). Revenue: JP¥8.61b (up 30% from 2Q 2021). Net income: JP¥1.07b (up 48% from 2Q 2021). Profit margin: 12% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 19%, compared to a 4.1% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 04Snow Peak, Inc. to Report Q2, 2022 Results on Aug 12, 2022Snow Peak, Inc. announced that they will report Q2, 2022 results on Aug 12, 2022
Valuation Update With 7 Day Price Move • Jun 15Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to JP¥2,410, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 14x in the Leisure industry in Japan. Total returns to shareholders of 251% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,225 per share.
Valuation Update With 7 Day Price Move • May 31Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥2,754, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 15x in the Leisure industry in Japan. Total returns to shareholders of 316% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,181 per share.
Reported Earnings • May 16First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: JP¥16.96 (up from JP¥10.88 in 1Q 2021). Revenue: JP¥7.08b (up 40% from 1Q 2021). Net income: JP¥642.0m (up 57% from 1Q 2021). Profit margin: 9.1% (up from 8.1% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 21%, compared to a 4.3% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Apr 27Price target increased to JP¥3,417Up from JP¥3,117, the current price target is an average from 3 analysts. New target price is 39% above last closing price of JP¥2,463. Stock is up 26% over the past year. The company is forecast to post earnings per share of JP¥96.90 for next year compared to JP¥72.16 last year.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. No independent directors (8 non-independent directors). Executive Officer, General Manager of Planning Division and Director Kei Kosugi was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
お知らせ • Apr 08Snow Peak, Inc. to Report Q1, 2022 Results on May 13, 2022Snow Peak, Inc. announced that they will report Q1, 2022 results on May 13, 2022
Buying Opportunity • Apr 05Now 20% undervaluedOver the last 90 days, the stock is up 8.9%. The fair value is estimated to be JP¥4,037, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 56%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings is also forecast to grow by 23% per annum over the same time period.
Reported Earnings • Apr 02Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: JP¥72.16 (up from JP¥28.14 in FY 2020). Revenue: JP¥25.7b (up 53% from FY 2020). Net income: JP¥2.73b (up 160% from FY 2020). Profit margin: 11% (up from 6.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 27%, compared to a 7.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Mar 18Investor sentiment improved over the past weekAfter last week's 23% share price gain to JP¥3,435, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 15x in the Leisure industry in Japan. Total returns to shareholders of 398% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,943 per share.
Reported Earnings • Feb 18Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: JP¥72.16 (up from JP¥28.14 in FY 2020). Revenue: JP¥25.7b (up 53% from FY 2020). Net income: JP¥2.73b (up 160% from FY 2020). Profit margin: 11% (up from 6.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 26%, compared to a 5.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 56% per year whereas the company’s share price has increased by 54% per year.
お知らせ • Feb 16Snow Peak, Inc., Annual General Meeting, Mar 25, 2022Snow Peak, Inc., Annual General Meeting, Mar 25, 2022.
Valuation Update With 7 Day Price Move • Feb 15Investor sentiment improved over the past weekAfter last week's 21% share price gain to JP¥2,791, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 17x in the Leisure industry in Japan. Total returns to shareholders of 317% over the past three years.
Valuation Update With 7 Day Price Move • Jan 21Investor sentiment deteriorated over the past weekAfter last week's 23% share price decline to JP¥2,312, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 17x in the Leisure industry in Japan. Total returns to shareholders of 283% over the past three years.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 March 2022. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.1%).
Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improved over the past weekAfter last week's 45% share price gain to JP¥8,880, the stock trades at a forward P/E ratio of 76x. Average forward P/E is 17x in the Leisure industry in Japan. Total returns to shareholders of 564% over the past three years.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS JP¥33.57 (vs JP¥18.90 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥6.72b (up 39% from 3Q 2020). Net income: JP¥635.0m (up 78% from 3Q 2020). Profit margin: 9.4% (up from 7.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥5,560, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 18x in the Leisure industry in Japan. Total returns to shareholders of 245% over the past three years.
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to JP¥4,910, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 19x in the Leisure industry in Japan. Total returns to shareholders of 187% over the past three years.
Valuation Update With 7 Day Price Move • Sep 10Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥6,040, the stock trades at a forward P/E ratio of 74x. Average forward P/E is 18x in the Leisure industry in Japan. Total returns to shareholders of 276% over the past three years.
Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS JP¥38.14 (vs JP¥5.84 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥6.63b (up 91% from 2Q 2020). Net income: JP¥721.0m (up JP¥611.0m from 2Q 2020). Profit margin: 11% (up from 3.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 13Investor sentiment improved over the past weekAfter last week's 27% share price gain to JP¥4,985, the stock trades at a forward P/E ratio of 66x. Average forward P/E is 18x in the Leisure industry in Japan. Total returns to shareholders of 210% over the past three years.
Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improved over the past weekAfter last week's 17% share price gain to JP¥3,785, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 19x in the Leisure industry in Japan. Total returns to shareholders of 156% over the past three years.
Reported Earnings • May 18First quarter 2021 earnings released: EPS JP¥21.76 (vs JP¥5.29 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥5.05b (up 63% from 1Q 2020). Net income: JP¥410.0m (up 332% from 1Q 2020). Profit margin: 8.1% (up from 3.1% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to JP¥3,315, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 17x in the Leisure industry in Japan. Total returns to shareholders of 134% over the past three years.
Reported Earnings • Apr 04Full year 2020 earnings released: EPS JP¥56.28 (vs JP¥26.87 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥16.8b (up 18% from FY 2019). Net income: JP¥1.05b (up 147% from FY 2019). Profit margin: 6.3% (up from 3.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 15Investor sentiment improved over the past weekAfter last week's 22% share price gain to JP¥3,340, the stock trades at a trailing P/E ratio of 59.3x, up from the previous P/E ratio of 48.8x. Average P/E is 28x in the Leisure industry in Japan. Total returns to shareholders over the past three years are 161%.
Is New 90 Day High Low • Mar 15New 90-day high: JP¥3,340The company is up 84% from a price of JP¥1,815 on 15 December 2020. Outperformed the Japanese market which is up 9.0% over the last 90 days. Exceeded the Leisure industry, which is down 1.0% over the same period.
Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improved over the past weekAfter last week's 49% share price gain to JP¥3,050, the stock is trading at a trailing P/E ratio of 54.2x, up from the previous P/E ratio of 36.4x. This compares to an average P/E of 27x in the Leisure industry in Japan. Total returns to shareholders over the past three years are 164%.
お知らせ • Feb 16Snow Peak, Inc., Annual General Meeting, Mar 26, 2021Snow Peak, Inc., Annual General Meeting, Mar 26, 2021.
Reported Earnings • Feb 14Full year 2020 earnings released: EPS JP¥56.28 (vs JP¥26.87 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥16.8b (up 18% from FY 2019). Net income: JP¥1.05b (up 147% from FY 2019). Profit margin: 6.3% (up from 3.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Analyst Estimate Surprise Post Earnings • Feb 14Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Over the next year, revenue is forecast to grow 9.6%, compared to a 12% growth forecast for the Leisure industry in Japan.
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥2,062, the stock is trading at a trailing P/E ratio of 78.3x, up from the previous P/E ratio of 67.7x. This compares to an average P/E of 33x in the Leisure industry in Japan. Total returns to shareholders over the past three years are 47%.
Is New 90 Day High Low • Feb 05New 90-day high: JP¥2,062The company is up 7.0% from its price of JP¥1,931 on 06 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥153 per share.
Upcoming Dividend • Dec 22Upcoming Dividend of JP¥12.50 Per ShareWill be paid on the 30th of March to those who are registered shareholders by the 29th of December. The trailing yield of 0.7% is below the top quartile of Japanese dividend payers (3.0%), and is lower than industry peers (1.3%).
お知らせ • Dec 19Snow Peak, Inc. to Report Fiscal Year 2020 Results on Feb 12, 2021Snow Peak, Inc. announced that they will report fiscal year 2020 results on Feb 12, 2021
お知らせ • Oct 10Snow Peak, Inc. to Report Q3, 2020 Results on Nov 12, 2020Snow Peak, Inc. announced that they will report Q3, 2020 results on Nov 12, 2020