Announcement • Jun 20
Stella Chemifa Corporation to Report Q1, 2027 Results on Aug 06, 2026 Stella Chemifa Corporation announced that they will report Q1, 2027 results on Aug 06, 2026 Announcement • May 15
Stella Chemifa Corporation, Annual General Meeting, Jun 19, 2026 Stella Chemifa Corporation, Annual General Meeting, Jun 19, 2026. Announcement • May 09
Stella Chemifa Corporation to Report Fiscal Year 2026 Results on May 14, 2026 Stella Chemifa Corporation announced that they will report fiscal year 2026 results on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥85.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 08 June 2026. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). Announcement • Feb 26
Stella Chemifa Corporation announced that it expects to receive ¥2.058868 billion in funding from Soulbrain Holdings Co., Ltd. Stella Chemifa Corporation announced a private placement to issue 389,200 common shares at a price of ¥5,290 per share for aggregate gross proceeds of ¥2,058,868,000 on February 24, 2026. Issuance expenses related to the transaction amounts to ¥3,000,000 resulting in total net proceeds of ¥2,055,868,000. The transaction is expected to close on March 12, 2026 and will include participation from Soulbrain Holdings Co., Ltd. The transaction has been approved by the board of directors. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥59.74 (vs JP¥88.69 in 3Q 2025) Third quarter 2026 results: EPS: JP¥59.74 (down from JP¥88.69 in 3Q 2025). Revenue: JP¥8.81b (up 3.7% from 3Q 2025). Net income: JP¥706.0m (down 34% from 3Q 2025). Profit margin: 8.0% (down from 13% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 24
Stella Chemifa Corporation to Report Q3, 2026 Results on Feb 12, 2026 Stella Chemifa Corporation announced that they will report Q3, 2026 results on Feb 12, 2026 Declared Dividend • Nov 29
First half dividend of JP¥85.00 announced Dividend of JP¥85.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 8th June 2026 Dividend yield will be 4.1%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: JP¥74.13 (vs JP¥70.35 in 2Q 2025) Second quarter 2026 results: EPS: JP¥74.13 (up from JP¥70.35 in 2Q 2025). Revenue: JP¥9.36b (flat on 2Q 2025). Net income: JP¥876.0m (up 3.9% from 2Q 2025). Profit margin: 9.4% (up from 9.0% in 2Q 2025). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Nov 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.3% to JP¥4,065. The fair value is estimated to be JP¥5,152, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.1% over the last 3 years. Earnings per share has declined by 26%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 28% in the next 2 years. Buy Or Sell Opportunity • Oct 01
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at JP¥3,970. The fair value is estimated to be JP¥4,964, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.1% over the last 3 years. Earnings per share has declined by 26%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 28% in the next 2 years. Announcement • Sep 23
Stella Chemifa Corporation to Report Q2, 2026 Results on Nov 13, 2025 Stella Chemifa Corporation announced that they will report Q2, 2026 results on Nov 13, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥85.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 01 December 2025. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.6%). Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥70.15 (vs JP¥68.17 in 1Q 2025) First quarter 2026 results: EPS: JP¥70.15 (up from JP¥68.17 in 1Q 2025). Revenue: JP¥8.80b (flat on 1Q 2025). Net income: JP¥828.0m (flat on 1Q 2025). Profit margin: 9.4% (in line with 1Q 2025). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Price Target Changed • Aug 02
Price target decreased by 13% to JP¥4,500 Down from JP¥5,180, the current price target is an average from 2 analysts. New target price is 5.0% above last closing price of JP¥4,285. Stock is up 12% over the past year. The company is forecast to post earnings per share of JP¥259 for next year compared to JP¥241 last year. Declared Dividend • Jul 09
Final dividend of JP¥85.00 announced Shareholders will receive a dividend of JP¥85.00. Ex-date: 29th September 2025 Payment date: 1st December 2025 Dividend yield will be 4.2%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 29
Stella Chemifa Corporation to Report Q1, 2026 Results on Aug 07, 2025 Stella Chemifa Corporation announced that they will report Q1, 2026 results on Aug 07, 2025 Major Estimate Revision • Jun 07
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from JP¥38.7b to JP¥37.0b. EPS estimate also fell from JP¥293 per share to JP¥254 per share. Net income forecast to grow 3.7% next year vs 5.6% growth forecast for Chemicals industry in Japan. Consensus price target down from JP¥5,180 to JP¥4,830. Share price was steady at JP¥3,750 over the past week. Reported Earnings • May 10
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: JP¥241 (up from JP¥153 in FY 2024). Revenue: JP¥36.3b (up 19% from FY 2024). Net income: JP¥2.89b (up 57% from FY 2024). Profit margin: 8.0% (up from 6.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • May 09
Stella Chemifa Corporation, Annual General Meeting, Jun 27, 2025 Stella Chemifa Corporation, Annual General Meeting, Jun 27, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥3,150, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Chemicals industry in Japan. Total returns to shareholders of 42% over the past three years. Announcement • Mar 27
Stella Chemifa Corporation to Report Fiscal Year 2025 Results on May 09, 2025 Stella Chemifa Corporation announced that they will report fiscal year 2025 results on May 09, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥85.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 06 June 2025. Payout ratio is a comfortable 75% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.6%). Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥88.68 (vs JP¥50.89 in 3Q 2024) Third quarter 2025 results: EPS: JP¥88.68 (up from JP¥50.89 in 3Q 2024). Revenue: JP¥8.49b (down 3.7% from 3Q 2024). Net income: JP¥1.07b (up 75% from 3Q 2024). Profit margin: 13% (up from 6.9% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Announcement • Feb 13
Stella Chemifa Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025 Stella Chemifa Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2025. For the year, the company expects net revenues of JPY 35,500 million, operating profit of JPY 4,200 million, profit attributable to owners of parent JPY 3,000 million and basic earnings per share of JPY 249.85. Announcement • Dec 26
Stella Chemifa Corporation (TSE:4109) announces an Equity Buyback for 240,000 shares, representing 1.99% for ¥1,200 million. Stella Chemifa Corporation (TSE:4109) announces a share repurchase program. Under the program, the company will repurchase 240,000 shares, representing 2% of the outstanding shares (excluding treasury stock) for ¥1,200 million. The purpose of the program is to implement a flexible capital policy aimed at improving capital efficiency and enhancing shareholder returns. The program will be valid till March 24, 2025. As of September 30, 2024, the company had 12,042,602 shares (excluding treasury stock) outstanding and 1,170,646 shares in treasury. Announcement • Dec 19
Stella Chemifa Corporation to Report Q3, 2025 Results on Feb 12, 2025 Stella Chemifa Corporation announced that they will report Q3, 2025 results on Feb 12, 2025 Declared Dividend • Nov 30
First half dividend of JP¥85.00 announced Shareholders will receive a dividend of JP¥85.00. Ex-date: 28th March 2025 Payment date: 6th June 2025 Dividend yield will be 4.3%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (89% earnings payout ratio) but not covered by cash flows (393% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share is expected to grow by 71% over the next 3 years, which should maintain adequate earnings cover for the dividend. Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: JP¥70.34 (vs JP¥33.34 in 2Q 2024) Second quarter 2025 results: EPS: JP¥70.34 (up from JP¥33.34 in 2Q 2024). Revenue: JP¥9.41b (up 31% from 2Q 2024). Net income: JP¥843.0m (up 110% from 2Q 2024). Profit margin: 9.0% (up from 5.6% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Sep 26
Stella Chemifa Corporation to Report Q2, 2025 Results on Nov 08, 2024 Stella Chemifa Corporation announced that they will report Q2, 2025 results on Nov 08, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥85.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is on the higher end at 94%, and the cash payout ratio is above 100%. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.4%). Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: JP¥68.17 (vs JP¥57.77 in 1Q 2024) First quarter 2025 results: EPS: JP¥68.17 (up from JP¥57.77 in 1Q 2024). Revenue: JP¥8.76b (up 20% from 1Q 2024). Net income: JP¥824.0m (up 19% from 1Q 2024). Profit margin: 9.4% (in line with 1Q 2024). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥3,375, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 28% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥85.00 announced Shareholders will receive a dividend of JP¥85.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 4.1%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but not covered by cash flows (244% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 91% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 29
Stella Chemifa Corporation to Report Q1, 2025 Results on Aug 07, 2024 Stella Chemifa Corporation announced that they will report Q1, 2025 results on Aug 07, 2024 Reported Earnings • May 12
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥153 (down from JP¥186 in FY 2023). Revenue: JP¥30.4b (down 14% from FY 2023). Net income: JP¥1.85b (down 19% from FY 2023). Profit margin: 6.1% (down from 6.4% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) exceeded analyst estimates by 4.8%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • May 12
Stella Chemifa Corporation, Annual General Meeting, Jun 27, 2024 Stella Chemifa Corporation, Annual General Meeting, Jun 27, 2024. Announcement • Mar 29
Stella Chemifa Corporation to Report Fiscal Year 2024 Results on May 10, 2024 Stella Chemifa Corporation announced that they will report fiscal year 2024 results on May 10, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥85.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%). Declared Dividend • Feb 16
Dividend increased to JP¥85.00 Dividend of JP¥85.00 is 183% higher than last year. Ex-date: 28th March 2024 Payment date: 3rd June 2024 Dividend yield will be 3.7%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but not covered by cash flows (dividend approximately 14x free cash flows). The dividend has increased by an average of 9.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 42% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: JP¥50.88 (vs JP¥113 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥50.88 (up from JP¥113 loss in 3Q 2023). Revenue: JP¥8.81b (up 1.9% from 3Q 2023). Net income: JP¥612.0m (up JP¥1.98b from 3Q 2023). Profit margin: 6.9% (up from net loss in 3Q 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Dec 22
Stella Chemifa Corporation to Report Q3, 2024 Results on Feb 13, 2024 Stella Chemifa Corporation announced that they will report Q3, 2024 results on Feb 13, 2024 Announcement • Nov 11
Stella Chemifa Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024 Stella Chemifa Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2024. For the year, the company expects net revenues of JPY 32,300 million, operating profit of JPY 2,800 million, profit attributable to owners of parent JPY 1,650 million and basic earnings per share of JPY 137.33. Announcement • Nov 10
Stella Chemifa Corporation Announces Dividend for the Second Quarter of Fiscal Year Ended 2024, Payable on November 30, 2023 Stella Chemifa Corporation announced dividend of JPY 60.00 per share for the Second Quarter of fiscal year ended March 31, 2024 against JPY 30.00 per share paid for the same period a year ago. Payable on November 30, 2023. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥33.34 (vs JP¥139 in 2Q 2023) Second quarter 2024 results: EPS: JP¥33.34 (down from JP¥139 in 2Q 2023). Revenue: JP¥7.20b (down 27% from 2Q 2023). Net income: JP¥401.0m (down 77% from 2Q 2023). Profit margin: 5.6% (down from 18% in 2Q 2023). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Major Estimate Revision • Sep 28
Consensus EPS estimates fall by 31% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from JP¥190 to JP¥132 per share. Revenue forecast steady at JP¥31.7b. Net income forecast to grow 11% next year vs 7.2% growth forecast for Chemicals industry in Japan. Consensus price target up from JP¥3,020 to JP¥3,310. Share price was steady at JP¥3,120 over the past week. Announcement • Sep 22
Stella Chemifa Corporation to Report Q2, 2024 Results on Nov 09, 2023 Stella Chemifa Corporation announced that they will report Q2, 2024 results on Nov 09, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥60.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 43% and the cash payout ratio is 79%. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.5%). Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥57.76 (vs JP¥103 in 1Q 2023) First quarter 2024 results: EPS: JP¥57.76 (down from JP¥103 in 1Q 2023). Revenue: JP¥7.30b (down 25% from 1Q 2023). Net income: JP¥694.0m (down 46% from 1Q 2023). Profit margin: 9.5% (down from 13% in 1Q 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jun 29
Stella Chemifa Corporation to Report Q1, 2024 Results on Aug 08, 2023 Stella Chemifa Corporation announced that they will report Q1, 2024 results on Aug 08, 2023 Reported Earnings • May 10
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥186 (down from JP¥423 in FY 2022). Revenue: JP¥35.4b (down 5.1% from FY 2022). Net income: JP¥2.28b (down 57% from FY 2022). Profit margin: 6.4% (down from 14% in FY 2022). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 10%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 02 June 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.8%). Buying Opportunity • Mar 14
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥3,243, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 42%. Revenue is forecast to grow by 0.7% in 2 years. Earnings is forecast to grow by 1.1% in the next 2 years. Buying Opportunity • Feb 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.4%. The fair value is estimated to be JP¥3,172, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 42%. Revenue is forecast to grow by 0.7% in 2 years. Earnings is forecast to grow by 1.1% in the next 2 years. Announcement • Feb 15
Stella Chemifa Corporation Provides Consolidated Earning Guidance for the Fiscal Year Ending March 31, 2023 Stella Chemifa Corporation provided Consolidated earning guidance for the fiscal year ending March 31, 2023. For the period, the company expects sales revenue of JPY 35,600 million, operating profit of JPY 3,750 million, ordinary profit of JPY 4,300 million, profit attributable to owners of parent of JPY 2,000 million and basic earnings per share of JPY 163.13. Announcement • Feb 14
Stella Chemifa Corporation Provides Dividend Guidance for the Year Ending March 31, 2023 Stella Chemifa Corporation provided dividend guidance for the year ending March 31, 2023. For the year, the company expects to pay dividend of ¥30.00 per share against ¥36.00 per share paid a year ago. Reported Earnings • Feb 12
Third quarter 2023 earnings released: JP¥113 loss per share (vs JP¥103 profit in 3Q 2022) Third quarter 2023 results: JP¥113 loss per share (down from JP¥103 profit in 3Q 2022). Revenue: JP¥8.65b (down 4.0% from 3Q 2022). Net loss: JP¥1.36b (down 205% from profit in 3Q 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Price Target Changed • Jan 05
Price target decreased to JP¥3,800 Down from JP¥4,985, the current price target is provided by 1 analyst. New target price is 56% above last closing price of JP¥2,430. Stock is down 7.6% over the past year. The company is forecast to post earnings per share of JP¥368 for next year compared to JP¥423 last year. Announcement • Dec 23
Stella Chemifa Corporation to Report Q3, 2023 Results on Feb 10, 2023 Stella Chemifa Corporation announced that they will report Q3, 2023 results on Feb 10, 2023 Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 4 highly experienced directors. 3 independent directors (8 non-independent directors). Independent Outside Director Shine Matsumura was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 11
Second quarter 2023 earnings released: EPS: JP¥139 (vs JP¥82.81 in 2Q 2022) Second quarter 2023 results: EPS: JP¥139 (up from JP¥82.81 in 2Q 2022). Revenue: JP¥9.85b (up 7.0% from 2Q 2022). Net income: JP¥1.73b (up 63% from 2Q 2022). Profit margin: 18% (up from 12% in 2Q 2022). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. 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: 30 November 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.9%). Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥103 (vs JP¥62.59 in 1Q 2022) First quarter 2023 results: EPS: JP¥103 (up from JP¥62.59 in 1Q 2022). Revenue: JP¥9.76b (up 9.8% from 1Q 2022). Net income: JP¥1.30b (up 62% from 1Q 2022). Profit margin: 13% (up from 9.0% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.3%, compared to a 9.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • May 28
Consensus EPS estimates increase by 41% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥38.9b to JP¥40.8b. EPS estimate increased from JP¥284 to JP¥400 per share. Net income forecast to shrink 6.8% next year vs 4.5% growth forecast for Chemicals industry in Japan . Consensus price target up from JP¥3,000 to JP¥4,000. Share price rose 5.4% to JP¥2,488 over the past week. Reported Earnings • May 11
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥423 (up from JP¥231 in FY 2021). Revenue: JP¥37.3b (up 13% from FY 2021). Net income: JP¥5.36b (up 81% from FY 2021). Profit margin: 14% (up from 9.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) also surpassed analyst estimates by 53%. Over the next year, revenue is forecast to grow 4.4%, compared to a 7.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target decreased to JP¥3,000 Down from JP¥4,415, the current price target is an average from 2 analysts. New target price is 27% above last closing price of JP¥2,369. Stock is down 22% over the past year. The company is forecast to post earnings per share of JP¥276 for next year compared to JP¥231 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Outside Director Jun Yamamoto was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Apr 12
Price target decreased to JP¥3,000 Down from JP¥4,415, the current price target is an average from 2 analysts. New target price is 25% above last closing price of JP¥2,401. Stock is down 27% over the past year. The company is forecast to post earnings per share of JP¥276 for next year compared to JP¥231 last year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥36.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 08 June 2022. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.6%). Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥2,633, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Chemicals industry in Japan. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,078 per share. Reported Earnings • Feb 12
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: JP¥103 (up from JP¥68.45 in 3Q 2021). Revenue: JP¥9.02b (up 8.4% from 3Q 2021). Net income: JP¥1.30b (up 48% from 3Q 2021). Profit margin: 14% (up from 11% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 23%. Over the next year, revenue is forecast to grow 8.9%, compared to a 6.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥82.80 (vs JP¥48.31 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥9.21b (up 9.8% from 2Q 2021). Net income: JP¥1.06b (up 71% from 2Q 2021). Profit margin: 12% (up from 7.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 30 November 2021. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (1.9%). Price Target Changed • Sep 11
Price target increased to JP¥4,415 Up from JP¥3,100, the current price target is an average from 2 analysts. New target price is 39% above last closing price of JP¥3,165. Stock is up 3.1% over the past year. Major Estimate Revision • Aug 13
Consensus EPS estimates increase to JP¥250 The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from JP¥35.0b to JP¥35.5b. EPS estimate increased from JP¥203 to JP¥250 per share. Net income forecast to grow 2.1% next year vs 14% growth forecast for Chemicals industry in Japan. Consensus price target up from JP¥3,100 to JP¥3,300. Share price was steady at JP¥2,849 over the past week. Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS JP¥62.59 (vs JP¥37.22 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥8.90b (up 8.2% from 1Q 2021). Net income: JP¥802.0m (up 67% from 1Q 2021). Profit margin: 9.0% (up from 5.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • May 12
Full year 2021 earnings released: EPS JP¥231 (vs JP¥149 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥32.9b (down 2.5% from FY 2020). Net income: JP¥2.96b (up 54% from FY 2020). Profit margin: 9.0% (up from 5.7% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 03 June 2021. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (1.8%). Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥68.43 (vs JP¥35.93 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥8.32b (up 9.5% from 3Q 2020). Net income: JP¥877.0m (up 89% from 3Q 2020). Profit margin: 11% (up from 6.1% 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 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Feb 12
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 15%. Over the next year, revenue is forecast to grow 6.2%, compared to a 6.5% growth forecast for the Chemicals industry in Japan. Is New 90 Day High Low • Jan 18
New 90-day high: JP¥3,640 The company is up 22% from its price of JP¥2,976 on 20 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥4,492 per share. Is New 90 Day High Low • Dec 04
New 90-day high: JP¥3,515 The company is up 28% from its price of JP¥2,750 on 04 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥3,744 per share. Price Target Changed • Dec 01
Price target raised to JP¥3,415 Up from JP¥3,115, the current price target is an average from 2 analysts. The new target price is close to the current share price of JP¥3,395. As of last close, the stock is up 6.6% over the past year.