View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active.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 과거 순이익 실적과거 기준 점검 0/6Snow Peak은 연평균 7.1%의 비율로 수입이 증가해 온 반면, Leisure 산업은 연평균 14.9%의 비율로 증가했습니다. 매출은 연평균 17.5%의 비율로 증가했습니다.핵심 정보7.10%순이익 성장률4.81%주당순이익(EPS) 성장률Leisure 산업 성장률22.02%매출 성장률17.51%자기자본이익률-4.40%순이익률-3.14%최근 순이익 업데이트31 Mar 2024최근 과거 실적 업데이트Reported 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.공고 • 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, 2024Reported 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.공고 • 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, 2024Reported 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.공고 • 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, 2023모든 업데이트 보기Recent 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.공고 • 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, 2024공고 • 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.공고 • 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.공고 • 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, 2024공고 • 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).공고 • 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.공고 • 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.공고 • 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, 2023공고 • 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.공고 • 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%).공고 • 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.공고 • 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.공고 • 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.공고 • 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.공고 • 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%.공고 • 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%).공고 • 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, 2021공고 • 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, 2020매출 및 비용 세부 내역Snow Peak가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TSE:7816 매출, 비용 및 순이익 (JPY Millions)날짜매출순이익일반관리비연구개발비31 Mar 2424,120-75713,127031 Dec 2325,728113,126030 Sep 2327,37753412,968030 Jun 2328,21771412,756031 Mar 2330,1681,54912,674031 Dec 2230,7731,94612,126030 Sep 2230,2503,03811,614030 Jun 2229,7363,30810,985031 Mar 2227,7522,95910,206031 Dec 2125,7132,7279,529030 Sep 2123,7362,2539,259030 Jun 2121,8631,9748,571031 Mar 2118,7051,3637,632031 Dec 2016,7641,0487,163030 Sep 2015,1504756,854030 Jun 2013,9712926,491031 Mar 2014,5385656,515031 Dec 1914,2604256,298030 Sep 1913,7856345,867030 Jun 1912,9686095,515031 Mar 1912,5885295,226031 Dec 1812,0704785,005030 Sep 1811,1131354,918030 Jun 1810,822-714,900031 Mar 189,983-3144,736031 Dec 179,910-2514,610030 Sep 179,645374,483030 Jun 179,4212474,107031 Mar 179,4354053,805031 Dec 169,2224853,515030 Sep 169,1024463,316030 Jun 168,9084073,114031 Mar 168,3153592,905031 Dec 157,8542842,777030 Sep 157,2372662,628031 Dec 145,5591162,234031 Dec 134,4861772,1080양질의 수익: 7816 은(는) 현재 수익성이 없습니다.이익 마진 증가: 7816는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 7816는 수익성이 없지만 지난 5년 동안 연평균 7.1%의 속도로 손실을 줄였습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 7816의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: 7816은 수익성이 없어 지난 해 수익 성장률을 Leisure 업계(11.8%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: 7816는 현재 수익성이 없으므로 자본 수익률이 음수(-4.4%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YConsumer-durables 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/07/12 11:51종가2024/07/11 00:00수익2024/03/31연간 수익2023/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Snow Peak, Inc.는 3명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Arashi NishizawaBofA Global ResearchYasuhiro NaritaNomura Securities Co. Ltd.null nullStorm Research Limited
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.
공고 • 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
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.
공고 • 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
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.
공고 • 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
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.
공고 • 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
공고 • 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.
공고 • 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.
공고 • 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
공고 • 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).
공고 • 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.
공고 • 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.
공고 • 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
공고 • 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.
공고 • 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%).
공고 • 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.
공고 • 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.
공고 • 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.
공고 • 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.
공고 • 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%.
공고 • 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%).
공고 • 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
공고 • 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