Reported Earnings • May 15
Second quarter 2026 earnings released: EPS: JP¥66.10 (vs JP¥48.26 in 2Q 2025) Second quarter 2026 results: EPS: JP¥66.10 (up from JP¥48.26 in 2Q 2025). Revenue: JP¥5.67b (up 8.5% from 2Q 2025). Net income: JP¥854.0m (up 35% from 2Q 2025). Profit margin: 15% (up from 12% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 8% per year. Aankondiging • May 01
CMC Corporation to Report Q2, 2026 Results on May 05, 2026 CMC Corporation announced that they will report Q2, 2026 results on May 05, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥27.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 10 June 2026. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Reported Earnings • Feb 11
First quarter 2026 earnings released: EPS: JP¥43.46 (vs JP¥37.14 in 1Q 2025) First quarter 2026 results: EPS: JP¥43.46 (up from JP¥37.14 in 1Q 2025). Revenue: JP¥4.57b (up 2.3% from 1Q 2025). Net income: JP¥562.0m (up 15% from 1Q 2025). Profit margin: 12% (up from 11% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jan 08
Final dividend of JP¥27.00 announced Shareholders will receive a dividend of JP¥27.00. Ex-date: 30th March 2026 Payment date: 10th June 2026 Dividend yield will be 3.1%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • Dec 10
CMC Corporation to Report Q1, 2026 Results on Feb 10, 2026 CMC Corporation announced that they will report Q1, 2026 results on Feb 10, 2026 Reported Earnings • Nov 14
Full year 2025 earnings released: EPS: JP¥164 (vs JP¥157 in FY 2024) Full year 2025 results: EPS: JP¥164 (up from JP¥157 in FY 2024). Revenue: JP¥18.3b (down 6.5% from FY 2024). Net income: JP¥2.15b (up 3.4% from FY 2024). Profit margin: 12% (up from 11% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Aankondiging • Nov 11
CMC Corporation, Annual General Meeting, Dec 19, 2025 CMC Corporation, Annual General Meeting, Dec 19, 2025. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 23 December 2025. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.1%). Buy Or Sell Opportunity • Sep 19
Now 20% undervalued Over the last 90 days, the stock has risen 18% to JP¥1,734. The fair value is estimated to be JP¥2,180, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Aankondiging • Sep 09
CMC Corporation to Report Fiscal Year 2025 Results on Nov 11, 2025 CMC Corporation announced that they will report fiscal year 2025 results on Nov 11, 2025 Buy Or Sell Opportunity • Sep 03
Now 20% undervalued Over the last 90 days, the stock has risen 18% to JP¥1,737. The fair value is estimated to be JP¥2,175, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Reported Earnings • Aug 10
Third quarter 2025 earnings released: EPS: JP¥14.87 (vs JP¥12.59 in 3Q 2024) Third quarter 2025 results: EPS: JP¥14.87 (up from JP¥12.59 in 3Q 2024). Revenue: JP¥3.66b (down 10% from 3Q 2024). Net income: JP¥194.0m (up 16% from 3Q 2024). Profit margin: 5.3% (up from 4.1% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Declared Dividend • Jun 11
First half dividend of JP¥28.00 announced Shareholders will receive a dividend of JP¥28.00. Ex-date: 29th September 2025 Payment date: 23rd December 2025 Dividend yield will be 3.5%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (43% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • May 31
CMC Corporation to Report Q3, 2025 Results on Aug 08, 2025 CMC Corporation announced that they will report Q3, 2025 results on Aug 08, 2025 Reported Earnings • May 15
Second quarter 2025 earnings released: EPS: JP¥48.25 (vs JP¥64.90 in 2Q 2024) Second quarter 2025 results: EPS: JP¥48.25 (down from JP¥64.90 in 2Q 2024). Revenue: JP¥5.22b (down 12% from 2Q 2024). Net income: JP¥634.0m (down 26% from 2Q 2024). Profit margin: 12% (down from 14% in 2Q 2024). The decrease in margin was driven by lower revenue. 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. Aankondiging • Mar 04
CMC Corporation to Report Q2, 2025 Results on May 13, 2025 CMC Corporation announced that they will report Q2, 2025 results on May 13, 2025 Reported Earnings • Feb 14
First quarter 2025 earnings released: EPS: JP¥26.09 (vs JP¥7.09 in 1Q 2024) First quarter 2025 results: EPS: JP¥26.09 (up from JP¥7.09 in 1Q 2024). Revenue: JP¥3.71b (up 1.1% from 1Q 2024). Net income: JP¥346.0m (up 268% from 1Q 2024). Profit margin: 9.3% (up from 2.6% in 1Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Dec 20
CMC Corporation to Report Q1, 2025 Results on Feb 12, 2025 CMC Corporation announced that they will report Q1, 2025 results on Feb 12, 2025 Reported Earnings • Nov 13
Full year 2024 earnings released: EPS: JP¥157 (vs JP¥133 in FY 2023) Full year 2024 results: EPS: JP¥157 (up from JP¥133 in FY 2023). Revenue: JP¥19.5b (up 5.8% from FY 2023). Net income: JP¥2.08b (up 18% from FY 2023). Profit margin: 11% (up from 9.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year. Aankondiging • Nov 11
CMC Corporation, Annual General Meeting, Dec 20, 2024 CMC Corporation, Annual General Meeting, Dec 20, 2024. New Risk • Nov 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.5% 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: Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (8.5% net profit margin). Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to JP¥1,492, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total returns to shareholders of 21% over the past three years. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥44.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 25 December 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.0%). Aankondiging • Sep 12
CMC Corporation to Report Fiscal Year 2024 Results on Nov 11, 2024 CMC Corporation announced that they will report fiscal year 2024 results on Nov 11, 2024 Reported Earnings • Aug 13
Third quarter 2024 earnings released: EPS: JP¥12.59 (vs JP¥9.20 in 3Q 2023) Third quarter 2024 results: EPS: JP¥12.59 (up from JP¥9.20 in 3Q 2023). Revenue: JP¥4.08b (up 21% from 3Q 2023). Net income: JP¥167.0m (up 37% from 3Q 2023). Profit margin: 4.1% (up from 3.6% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,065, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 12x in the Commercial Services industry in Japan. Total loss to shareholders of 17% over the past three years. Aankondiging • Jun 08
CMC Corporation to Report Q3, 2024 Results on Aug 09, 2024 CMC Corporation announced that they will report Q3, 2024 results on Aug 09, 2024 Reported Earnings • May 16
Second quarter 2024 earnings released: EPS: JP¥64.90 (vs JP¥61.64 in 2Q 2023) Second quarter 2024 results: EPS: JP¥64.90 (up from JP¥61.64 in 2Q 2023). Revenue: JP¥5.96b (up 1.5% from 2Q 2023). Net income: JP¥861.0m (up 5.4% from 2Q 2023). Profit margin: 14% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 01
CMC Corporation to Report Q2, 2024 Results on May 13, 2024 CMC Corporation announced that they will report Q2, 2024 results on May 13, 2024 New Risk • Feb 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.0b (US$93.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 15
First quarter 2024 earnings released: EPS: JP¥7.09 (vs JP¥26.88 in 1Q 2023) First quarter 2024 results: EPS: JP¥7.09 (down from JP¥26.88 in 1Q 2023). Revenue: JP¥3.67b (down 11% from 1Q 2023). Net income: JP¥94.0m (down 74% from 1Q 2023). Profit margin: 2.6% (down from 8.6% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 28
Full year 2023 earnings released: EPS: JP¥133 (vs JP¥151 in FY 2022) Full year 2023 results: EPS: JP¥133 (down from JP¥151 in FY 2022). Revenue: JP¥18.5b (up 3.0% from FY 2022). Net income: JP¥1.76b (down 12% from FY 2022). Profit margin: 9.5% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Aankondiging • Dec 06
CMC Corporation to Report Q1, 2024 Results on Feb 13, 2024 CMC Corporation announced that they will report Q1, 2024 results on Feb 13, 2024 Aankondiging • Nov 13
CMC Corporation, Annual General Meeting, Dec 22, 2023 CMC Corporation, Annual General Meeting, Dec 22, 2023. Reported Earnings • Nov 11
Full year 2023 earnings released: EPS: JP¥133 (vs JP¥151 in FY 2022) Full year 2023 results: EPS: JP¥133 (down from JP¥151 in FY 2022). Revenue: JP¥18.5b (up 3.0% from FY 2022). Net income: JP¥1.76b (down 12% from FY 2022). Profit margin: 9.5% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥35.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 26 December 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.9%). Aankondiging • Sep 14
CMC Corporation to Report Fiscal Year 2023 Results on Nov 10, 2023 CMC Corporation announced that they will report fiscal year 2023 results on Nov 10, 2023 Reported Earnings • Aug 12
Third quarter 2023 earnings released: EPS: JP¥9.20 (vs JP¥11.42 in 3Q 2022) Third quarter 2023 results: EPS: JP¥9.20 (down from JP¥11.42 in 3Q 2022). Revenue: JP¥3.37b (up 1.8% from 3Q 2022). Net income: JP¥122.0m (down 20% from 3Q 2022). Profit margin: 3.6% (down from 4.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 12
CMC Corporation (TSE:2185) agreed to acquire 70% stake in Fuchu Jidosha K.K. CMC Corporation (TSE:2185) agreed to acquire 70% stake in Fuchu Jidosha K.K. on August 10, 2023. The transaction is expected to close by September 15, 2023. Aankondiging • Jun 02
CMC Corporation to Report Q3, 2023 Results on Aug 10, 2023 CMC Corporation announced that they will report Q3, 2023 results on Aug 10, 2023 Reported Earnings • May 14
Second quarter 2023 earnings released: EPS: JP¥61.63 (vs JP¥33.58 in 2Q 2022) Second quarter 2023 results: EPS: JP¥61.63 (up from JP¥33.58 in 2Q 2022). Revenue: JP¥5.87b (up 28% from 2Q 2022). Net income: JP¥817.0m (up 83% from 2Q 2022). Profit margin: 14% (up from 9.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 12
First quarter 2023 earnings released: EPS: JP¥26.88 (vs JP¥22.56 in 1Q 2022) First quarter 2023 results: EPS: JP¥26.88 (up from JP¥22.56 in 1Q 2022). Revenue: JP¥4.14b (up 14% from 1Q 2022). Net income: JP¥356.0m (up 19% from 1Q 2022). Profit margin: 8.6% (up from 8.3% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 28
Full year 2022 earnings released: EPS: JP¥151 (vs JP¥119 in FY 2021) Full year 2022 results: EPS: JP¥151 (up from JP¥119 in FY 2021). Revenue: JP¥17.9b (up 3.4% from FY 2021). Net income: JP¥2.00b (up 24% from FY 2021). Profit margin: 11% (up from 9.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Aankondiging • Dec 01
CMC Corporation to Report Q1, 2023 Results on Feb 10, 2023 CMC Corporation announced that they will report Q1, 2023 results on Feb 10, 2023 Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 3 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Outside Director Kenichiro Otake was the last independent 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: Minority of independent directors. Insufficient board refreshment. Aankondiging • Nov 13
CMC Corporation, Annual General Meeting, Dec 23, 2022 CMC Corporation, Annual General Meeting, Dec 23, 2022. Aankondiging • Sep 23
CMC Corporation to Report Q4, 2022 Results on Nov 11, 2022 CMC Corporation announced that they will report Q4, 2022 results on Nov 11, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 27 December 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.3%). Reported Earnings • Aug 12
Third quarter 2022 earnings released: EPS: JP¥11.42 (vs JP¥11.26 in 3Q 2021) Third quarter 2022 results: EPS: JP¥11.42 (up from JP¥11.26 in 3Q 2021). Revenue: JP¥3.31b (down 4.6% from 3Q 2021). Net income: JP¥152.0m (flat on 3Q 2021). Profit margin: 4.6% (up from 4.4% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 11
CMC Corporation (TSE:2185) announces an Equity Buyback for 80,000 shares, representing 0.6% for ¥100 million. CMC Corporation (TSE:2185) announces a share repurchase program. Under the program, the company will repurchase 80,000 shares, representing 0.6% of the outstanding shares for ¥100 million. The purpose of the program is to improve shareholder returns and capital efficiency, and to implement an agile capital policy in response to changes in the business environment. The program will run until September 22, 2022. As of August 1, 2022, the company had 13,323,752 shares (excluding treasury stock) outstanding and 1,040,248 shares in treasury. Aankondiging • Jun 05
CMC Corporation to Report Q3, 2022 Results on Aug 10, 2022 CMC Corporation announced that they will report Q3, 2022 results on Aug 10, 2022 Reported Earnings • May 17
Second quarter 2022 earnings released: EPS: JP¥33.58 (vs JP¥31.56 in 2Q 2021) Second quarter 2022 results: EPS: JP¥33.58 (up from JP¥31.56 in 2Q 2021). Revenue: JP¥4.59b (up 4.4% from 2Q 2021). Net income: JP¥447.0m (up 3.2% from 2Q 2021). Profit margin: 9.7% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 3 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Outside Director Kenichiro Otake was the last independent 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: Minority of independent directors. Insufficient board refreshment. Aankondiging • Apr 07
CMC Corporation to Report Q2, 2022 Results on May 13, 2022 CMC Corporation announced that they will report Q2, 2022 results on May 13, 2022 Reported Earnings • Feb 12
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: JP¥22.56 (up from JP¥8.13 in 1Q 2021). Revenue: JP¥3.62b (up 10% from 1Q 2021). Net income: JP¥300.0m (up 166% from 1Q 2021). Profit margin: 8.3% (up from 3.4% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 13% per year. Reported Earnings • Nov 12
Full year 2021 earnings released: EPS JP¥238 (vs JP¥96.59 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥17.3b (up 1.5% from FY 2020). Net income: JP¥1.62b (up 20% from FY 2020). Profit margin: 9.3% (up from 7.9% in FY 2020). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 28 December 2021. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (1.9%). Reported Earnings • Aug 13
Third quarter 2021 earnings released: EPS JP¥22.52 (vs JP¥10.84 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥3.47b (up 11% from 3Q 2020). Net income: JP¥152.0m (up 100% from 3Q 2020). Profit margin: 4.4% (up from 2.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 2% per year. Reported Earnings • May 19
Second quarter 2021 earnings released: EPS JP¥63.12 (vs JP¥50.18 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥4.39b (down 10.0% from 2Q 2020). Net income: JP¥433.0m (up 22% from 2Q 2020). Profit margin: 9.9% (up from 7.3% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year. Aankondiging • May 15
CMC Corporation (JASDAQ:2185) announces an Equity Buyback for 120,000 shares, representing 1.78% for ¥300 million. CMC Corporation (JASDAQ:2185) announces a share repurchase program. Under the program, the company will repurchase 120,000 shares, representing 1.78% of the outstanding shares for ¥300 million. The purpose of the program is to improve shareholder returns and capital efficiency, and to implement an agile capital policy in response to changes in the business environment. The program will run until July 30, 2021. As of April 30, 2021, the company had 7,182,000 shares (excluding treasury stock) outstanding and 423,909 shares in treasury. Aankondiging • Mar 06
CMC Corporation to Report Q2, 2021 Results on May 14, 2021 CMC Corporation announced that they will report Q2, 2021 results on May 14, 2021 Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥2,151, the stock is trading at a trailing P/E ratio of 11.7x, down from the previous P/E ratio of 14x. This compares to an average P/E of 16x in the Commercial Services industry in Japan. Total return to shareholders over the past three years is a loss of 24%. Is New 90 Day High Low • Feb 18
New 90-day low: JP¥2,201 The company is down 3.0% from its price of JP¥2,265 on 20 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 4.0% over the same period. Reported Earnings • Feb 14
First quarter 2021 earnings released: EPS JP¥16.27 (vs JP¥25.92 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥3.28b (down 18% from 1Q 2020). Net income: JP¥113.0m (down 38% from 1Q 2020). Profit margin: 3.4% (down from 4.5% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year. Is New 90 Day High Low • Dec 18
New 90-day high: JP¥2,608 The company is up 31% from its price of JP¥1,996 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 1.0% over the same period. Aankondiging • Dec 05
CMC Corporation to Report Q1, 2021 Results on Feb 12, 2021 CMC Corporation announced that they will report Q1, 2021 results on Feb 12, 2021 Reported Earnings • Nov 14
Full year 2020 earnings released: EPS JP¥193 The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: JP¥17.1b (down 11% from FY 2019). Net income: JP¥1.35b (up 3.0% from FY 2019). Profit margin: 7.9% (up from 6.8% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 18% share price gain to JP¥2,300, the stock is trading at a trailing P/E ratio of 14x, up from the previous P/E ratio of 11.8x. This compares to an average P/E of 14x in the Commercial Services industry in Japan. Total returns to shareholders over the past three years are 40%. Is New 90 Day High Low • Nov 05
New 90-day high: JP¥2,129 The company is up 8.0% from its price of JP¥1,966 on 07 August 2020. The Japanese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 2.0% over the same period. Is New 90 Day High Low • Oct 09
New 90-day low: JP¥1,930 The company is down 7.0% from its price of JP¥2,070 on 10 July 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 1.0% over the same period. Aankondiging • Sep 03
CMC Corporation to Report Fiscal Year 2020 Results on Nov 11, 2020 CMC Corporation announced that they will report fiscal year 2020 results on Nov 11, 2020