明治ホールディングス【2269】の業績・財務

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通期売上(百万円)
売上5y CAGR・予想:0.2 %
通期利益(百万円)
営利5y CAGR・予想:5.6 %
純利5y CAGR・予想:3.4 %
P/L
2018.32019.32020.32021.3E
売上1,240,8601,254,3801,252,7061,253,000
前期比99.9%101.1%99.9%100.0%
売上原価785,978797,811790,183-
売上総利益454,882456,569462,523-
%36.7%36.4%36.9%-
販管費360,208358,185359,814-
営業利益94,67398,383102,708110,000
前期比107.1%103.9%104.4%107.1%
%7.6%7.8%8.2%8.8%
受取利息および受取配当金1,3411,4161,555-
持分法による投資利益----
営業外収益3,5893,8444,942-
支払利息755778717-
持分法による投資損失209390793-
営業外費用2,3852,5184,326-
経常利益95,87799,709103,324111,000
固定資産売却益6,4596,5161,142-
投資有価証券売却益-102886-
特別利益7,56113,4392,030-
固定資産売却損----
投資有価証券売却損----
減損損失4,21412,2422,390-
特別損失12,35818,5637,607-
税引前利益91,07994,58697,747-
法人税等29,11730,97527,996-
%32.0%32.7%28.6%-
当期純利益61,96263,61069,751-
非支配株主に帰属する当期純利益6831,7422,438-
親会社株主に帰属する当期純利益61,27861,86867,31369,500
前期比100.8%101.0%108.8%103.2%
%4.9%4.9%5.4%5.5%
 
EBITDA142,825143,057148,941-
EPS422.6円426.6円464.0円465.3円
BPS3,360.7円3,635.8円3,879.1円-
期初会社予想
2018.32019.32020.32021.3E
売上高(期初予)1,261,0001,260,0001,309,0001,253,000
対実績比98.4%99.6%95.7%-
営業利益(期初予)94,50099,500108,000110,000
対実績比100.2%98.9%95.1%-
純利益(期初予)61,00063,00067,50069,500
対実績比100.5%98.2%99.7%-
配当
ROEデュポン分解
β
マルチプル
2018.32019.32020.32021.3E
株価8,100円8,990円7,680円-
企業価値1,305,3911,429,1021,183,455-
時価総額1,174,5381,303,8581,114,137-
純有利子負債91,48991,02969,318-
PER(会予)18.2倍18.4倍16.5倍-
PBR2.4倍2.5倍2.0倍-
PER × PBR44.5倍45.3倍32.7倍-
EV/EBITDA(会予)9.1倍9.6倍7.7倍-
PSR(会予)0.9倍1.0倍0.9倍-
PCFR(会予)10.5倍10.9倍9.8倍-
配当金130.0円140.0円150.0円140.0円
配当利回り1.4%1.4%2.0%-
配当性向30.8%32.8%32.3%-
自己資本配当率3.9%3.9%3.9%-
ROE12.6%11.7%12.0%-
純利益率(再掲)4.9%4.9%5.4%-
総資産回転率1.3回1.2回1.3回-
財務レバレッジ1.9倍1.9倍1.8倍-
実質ROE11.8%11.1%11.4%-
ROIC10.8%10.5%11.2%-
ROA6.6%6.2%6.7%-
β0.450.430.26-
βの決定係数(R2)0.080.070.03-
財務レバレッジ(百万円)
利益剰余金(百万円)
設備投資(百万円)
B/S
2018.32019.32020.32021.3E
流動資産
現金27,61325,35637,446-
売上債権195,760202,193179,931-
棚卸資産136,467165,924173,299-
有価証券----
前払金----
繰延税金資産9,670---
貸倒引当金-202-176-1,247-
流動資産383,004421,447416,885-
固定資産
建物・構築物319,894334,729353,843-
機械・運搬具504,589533,595539,437-
土地71,45470,76569,363-
建設仮勘定22,32331,98823,645-
有形固定資産383,962433,491444,191-
のれん10,59073680-
無形固定資産22,55513,55314,014-
投資有価証券90,87493,50484,598-
繰延税金資産15,72914,409--
貸倒引当金-93-94-66-
敷金および保証金----
投資その他の資産135,715135,651123,545-
固定資産542,232582,696581,751-
総資産925,2371,004,143998,637-
 
負債
有利子負債合計119,102116,385106,764-
仕入債務120,107125,479112,317-
前受金----
未払法人税等18,25321,02312,164-
繰延税金負債(固定)10,37110,650--
負債430,059443,512401,069-
 
純資産
資本金30,00030,00030,000-
資本剰余金99,841100,061100,245-
利益剰余金366,276407,943453,723-
自己株式-30,521-30,422-30,288-
非支配株主持分7,86633,32034,819-
純資産495,177560,630597,567-
キャッシュフロー(百万円)
C/S
2018.32019.32020.32021.3E
営業CF
税金等調整前当期純利益91,07994,58697,747-
減価償却費46,51143,03346,185-
のれん償却額1,6411,64148-
減損損失4,21412,2422,390-
受取利息及び受取配当金-1,341-1,416-1,556-
売上債権の増減額-12,724-77320,701-
棚卸資産の増減額-3,313-4,307-8,685-
仕入債務の増減額9,1702,142-11,323-
営業CF108,775112,100114,103-
投資CF
有価証券の取得-1,059-4,153-2,473-
有価証券の売却・償還7463221,004-
固定資産の購入-71,776-71,242-71,129-
固定資産の売却9,2699,8502,161-
貸付け----
貸付金の回収----
投資CF-64,394-100,202-70,811-
財務CF
短期借入金の純増減額8,720-8,886-4,487-
長期借入れ13,80219,782358-
長期借入金の返済-22,557-13,904-4,851-
社債の発行19,909---
社債の償還-30,000---
自己株式の取得----
自己株式の売却----
配当金の支払-17,835-19,891-20,987-
財務CF-40,121-13,980-30,287-
換算差額1-393-375-
その他
2018.32019.32020.32021.3E
設備投資額74,67371,16962,987-
研究開発費-29,18231,446-
発行済株式総数145,002,787株145,033,263株145,069,984株-
従業員数(人)
従業員ひとりあたり営業利益(百万円)
従業員
2018.32019.32020.32021.3E
従業員数16,296人17,608人17,571人-
売上/従業員(千円)76,14571,23971,294-
営利/従業員(千円)5,8105,5875,845-
四半期売上(百万円)
売上5y CAGR・予想:0.2 %
四半期利益(百万円)
営利5y CAGR・予想:5.6 %
純利5y CAGR・予想:3.4 %
P/L
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
売上936,8241,240,860296,394611,971950,6981,254,380298,935618,077951,1831,252,706281,167584,9761,253,000
前期比100.3%99.9%98.4%100.1%101.5%101.1%100.9%101.0%100.1%99.9%94.1%94.6%100.0%
売上原価596,506785,978191,814393,706605,196797,811189,937394,231602,246790,183177,668368,381-
売上総利益340,318454,882104,580218,265345,501456,569108,998223,846348,937462,523103,499216,594-
%36.3%36.7%35.3%35.7%36.3%36.4%36.5%36.2%36.7%36.9%36.8%37.0%-
販管費268,149360,20884,805174,425265,896358,18588,361176,273268,588359,81480,337166,192-
営業利益72,16894,67319,77443,84079,60498,38320,63647,57380,348102,70823,16150,401110,000
前期比106.2%107.1%81.0%97.1%110.3%103.9%104.4%108.5%100.9%104.4%112.2%105.9%107.1%
%7.7%7.6%6.7%7.2%8.4%7.8%6.9%7.7%8.4%8.2%8.2%8.6%8.8%
受取利息および受取配当金1,2451,3416347621,3101,4167258491,4501,555701847-
持分法による投資利益361-189-35--------
営業外収益3,4893,5891,1661,4883,0083,8442,4213,1124,1534,9421,5872,170-
支払利息565755165359547778202384555717150339-
持分法による投資損失-209-74-39098299274793492598-
営業外費用1,3452,3856281,4551,7092,5186831,9522,7004,3261,2451,916-
経常利益74,31295,87720,31143,87380,90399,70922,37448,73381,802103,32423,50450,655111,000
固定資産売却益4,0246,4595,0026,4516,5146,5165325731,0651,142235-
投資有価証券売却益---9499102-591598886-62-
特別利益5,0607,5615,01313,33513,42513,4395321,1651,6632,0309311,026-
固定資産売却損-------------
投資有価証券売却損-------------
減損損失4984,214-1,0071,00712,242-7561,9912,390-1,055-
特別損失4,20512,3589054,1035,76918,5631,0162,6935,6077,6072,2144,523-
税引前利益75,16791,07924,41953,10588,55894,58621,89047,20577,85897,74722,22147,158-
法人税等23,58429,1177,10514,47724,41130,9757,56914,63023,25627,9968,49016,372-
%31.4%32.0%29.1%27.3%27.6%32.7%34.6%31.0%29.9%28.6%38.2%34.7%-
当期純利益51,58261,96217,31338,62764,14763,61014,32132,57454,60169,75113,73030,785-
非支配株主に帰属する当期純利益8626832233112,2531,742-1797112,1402,4383592,052-
親会社株主に帰属する当期純利益50,72061,27817,09038,31661,89361,86814,50031,86252,46167,31313,37028,73369,500
前期比109.6%100.8%100.5%121.9%122.0%101.0%84.8%83.2%84.8%108.8%92.2%90.2%103.2%
%5.4%4.9%5.8%6.3%6.5%4.9%4.9%5.2%5.5%5.4%4.8%4.9%5.5%
 
EBITDA72,168142,82519,77465,30579,604143,05731,75869,98180,348148,94134,74874,015-
EPS422.6円422.6円426.7円426.6円426.6円426.6円464.1円464.0円464.0円464.0円464.0円463.9円479.0円
BPS3,310.9円3,360.7円3,412.0円3,588.5円3,644.2円3,635.8円3,645.1円3,764.4円3,840.0円3,879.1円3,893.1円4,025.2円-
期初会社予想
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
売上高(期初予)1,261,0001,261,0001,260,0001,260,0001,260,0001,260,0001,309,0001,309,0001,309,0001,309,0001,253,0001,253,0001,253,000
対実績比74.3%98.4%23.5%48.6%75.5%99.6%22.8%47.2%72.7%95.7%22.4%46.7%-
営業利益(期初予)94,50094,50099,50099,50099,50099,500108,000108,000108,000108,000110,000110,000110,000
対実績比76.4%100.2%19.9%44.1%80.0%98.9%19.1%44.0%74.4%95.1%21.1%45.8%-
純利益(期初予)61,00061,00063,00063,00063,00063,00067,50067,50067,50067,50069,50069,50069,500
対実績比83.1%100.5%27.1%60.8%98.2%98.2%21.5%47.2%77.7%99.7%19.2%41.3%-
配当
ROEデュポン分解
β
マルチプル
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
株価9,590円8,100円9,340円7,630円8,960円8,990円7,700円7,880円7,380円7,680円8,580円8,040円-
企業価値1,511,5851,305,3911,445,8151,230,5061,413,4451,429,1021,207,7851,248,2671,175,7301,183,4551,333,7151,267,356-
時価総額1,390,6121,174,5381,354,3261,106,3581,299,5171,303,8581,116,7561,143,1691,070,6321,114,1371,244,6841,166,607-
純有利子負債130,85391,489124,148113,928125,24491,029115,204105,098103,74269,31889,031100,749-
PER(会予)21.6倍18.2倍21.5倍17.6倍18.3倍18.4倍16.5倍16.9倍15.9倍16.5倍17.9倍16.8倍-
PBR3.0倍2.4倍2.8倍2.2倍2.5倍2.5倍2.1倍2.1倍2.0倍2.0倍2.2倍2.0倍-
PER × PBR64.9倍44.5倍59.7倍39.3倍45.7倍45.3倍35.0倍35.5倍31.1倍32.7倍39.5倍33.5倍-
EV/EBITDA(会予)10.5倍9.1倍9.8倍8.3倍9.5倍9.6倍7.9倍8.2倍7.7倍7.7倍8.5倍8.1倍-
PSR(会予)1.1倍0.9倍1.1倍0.9倍1.0倍1.0倍0.9倍0.9倍0.8倍0.9倍1.0倍0.9倍-
PCFR(会予)12.4倍10.5倍12.2倍10.0倍10.9倍10.9倍10.0倍10.2倍9.5倍9.8倍10.8倍10.1倍-
配当金-130.0円---140.0円---150.0円--150.0円
配当利回り1.1%1.4%1.4%1.7%1.5%1.4%1.8%1.8%1.9%2.0%1.7%1.9%-
配当性向-30.8%---32.8%---32.3%---
自己資本配当率3.9%3.9%4.1%3.9%3.8%3.9%4.1%4.0%3.9%3.9%3.9%3.7%-
ROE12.8%12.6%12.5%11.9%11.7%11.7%12.7%12.3%12.1%12.0%11.9%11.5%-
純利益率(再掲)5.4%4.9%5.8%6.3%6.5%4.9%4.9%5.2%5.5%5.4%4.8%4.9%-
総資産回転率1.3回1.3回1.3回1.2回1.2回1.2回1.2回1.3回1.2回1.3回1.2回1.2回-
財務レバレッジ2.0倍1.9倍1.9倍1.9倍1.9倍1.9倍1.9倍1.8倍1.9倍1.8倍1.8倍1.8倍-
実質ROE12.0%11.8%11.8%11.2%11.1%11.1%12.0%11.7%11.5%11.4%11.3%11.0%-
ROIC10.3%10.8%10.5%10.3%10.0%10.5%11.2%11.1%10.8%11.2%10.2%10.0%-
ROA6.4%6.6%6.6%6.2%6.0%6.2%6.7%6.7%6.5%6.7%6.5%6.3%-
β0.340.450.480.520.490.430.470.490.430.260.300.34-
βの決定係数(R2)0.050.080.080.090.090.070.080.090.080.030.050.06-
財務レバレッジ(百万円)
利益剰余金(百万円)
設備投資(百万円)
B/S
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
流動資産
現金22,63627,61322,97322,82922,41725,35626,03523,05629,93137,44676,05863,434-
売上債権211,151195,760191,333203,351226,005202,193194,243191,040219,872179,931165,013181,872-
棚卸資産139,814136,467136,217164,194161,569165,924171,688172,389164,760173,299182,381184,106-
有価証券-------------
前払金-------------
繰延税金資産-9,670-----------
貸倒引当金-223-202-268-246-218-176-188-163-1,305-1,247-2,405-2,404-
流動資産407,363383,004393,997415,879438,785421,447420,826410,128442,158416,885451,687450,614-
固定資産
建物・構築物322,098319,894321,254337,213329,860334,729341,752341,065353,527353,843353,375355,350-
機械・運搬具508,871504,589512,525523,295527,780533,595532,967538,525535,931539,437539,792547,813-
土地74,19071,45469,69769,81669,66070,76570,60670,07669,72169,36368,28667,984-
建設仮勘定20,12522,32322,56228,72034,53931,98832,93538,35123,28523,64524,88121,513-
有形固定資産387,908383,962388,245421,287427,775433,491440,216445,009444,916444,191443,930445,945-
のれん11,68110,59010,61110,4829,8357369657176805350-
無形固定資産23,86922,55522,89424,20123,54513,55313,48113,34713,82314,01413,99014,492-
投資有価証券94,58790,87493,74798,44089,93493,50489,37391,02892,07484,59888,888120,424-
繰延税金資産-15,729---14,409-------
貸倒引当金-108-93-96-90-98-94-95-91-72-66-68-71-
敷金および保証金-------------
投資その他の資産131,243135,715138,035142,537134,958135,651131,816132,755133,863123,545128,183158,861-
固定資産543,021542,232549,175588,025586,279582,696585,515591,112592,603581,751586,104619,299-
総資産950,385925,237943,1721,003,9051,025,0641,004,1431,006,3411,001,2411,034,761998,6371,037,7921,069,914-
 
負債
有利子負債合計153,489119,102147,121136,757147,661116,385141,239128,154133,673106,764165,089164,183-
仕入債務123,188120,107116,216119,494126,077125,479121,048106,520123,324112,317103,958100,426-
前受金-------------
未払法人税等10,15018,2538,32516,50511,09421,0237,67815,1567,55412,1648,60516,343-
繰延税金負債(固定)-10,371---10,650-------
負債461,930430,059440,466451,041462,302443,512444,906421,631442,883401,069438,891450,323-
 
純資産
資本金30,00030,00030,00030,00030,00030,00030,00030,00030,00030,00030,00030,000-
資本剰余金99,80899,84199,841100,018100,052100,061100,061100,206100,208100,245100,434100,693-
利益剰余金355,719366,276372,593393,818407,969407,943411,198428,428438,871453,723455,363470,725-
自己株式-30,504-30,521-30,537-30,404-30,413-30,422-30,430-30,271-30,280-30,288-30,291-30,163-
非支配株主持分8,3607,8667,95732,39834,22233,32032,77533,50634,81134,81934,13135,526-
純資産488,455495,177502,706552,863562,762560,630561,435579,609591,878597,567598,900619,590-
キャッシュフロー(百万円)
C/S
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
営業CF
税金等調整前当期純利益75,16791,07924,41953,10588,55894,58621,89047,20577,85897,74722,22147,158-
減価償却費-46,511-20,652-43,03311,11922,401-46,18511,58423,607-
のれん償却額-1,641-813-1,64137-4837-
減損損失4984,214-1,0071,00712,242-7561,9912,390-1,055-
受取利息及び受取配当金--1,341--763--1,416-725-849--1,556-701-848-
売上債権の増減額--12,724--1,998--7737,73810,648-20,70113,591-2,934-
棚卸資産の増減額--3,313--2,429--4,307-5,761-6,732--8,685-10,458-11,954-
仕入債務の増減額-9,170--3,654-2,142-5,191-17,788--11,323-6,954-10,628-
営業CF-108,775-38,347-112,1003,44134,007-114,10311,96140,823-
投資CF
有価証券の取得0-1,0590-810-4,153-22-700-2,473-1,986-32,072-
有価証券の売却・償還074601900322059201,0040115-
固定資産の購入0-71,7760-34,3070-71,242-17,274-38,7870-71,129-19,117-33,263-
固定資産の売却09,26909,55309,8507231,88402,1611,3311,606-
貸付け-------------
貸付金の回収-------------
投資CF--64,394--60,228--100,202-16,231-36,314--70,811-18,434-60,331-
財務CF
短期借入金の純増減額-8,720--347--8,8868,1928,060--4,48710,01810,155-
長期借入れ-13,802-18,070-19,782-358-3582,2672,267-
長期借入金の返済--22,557--11,619--13,904-1,172-2,505--4,851-3,826-5,105-
社債の発行-19,909-----------
社債の償還--30,000-----------
自己株式の取得-------------
自己株式の売却-------------
配当金の支払--17,835--10,483--19,891-10,689-10,853--20,987-11,370-11,587-
財務CF--40,121-16,610--13,98014,051787--30,28746,20344,852-
換算差額-1--263--393125-364--375-821-616-
その他
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
設備投資額074,673034,307071,16917,27438,787062,98719,11733,263-
研究開発費-----29,182---31,446---
発行済株式総数145,004,721株145,002,787株145,001,034株145,035,365株145,034,213株145,033,263株145,032,281株145,072,146株145,071,052株145,069,984株145,068,051株145,100,416株-
従業員数(人)
従業員ひとりあたり営業利益(百万円)
従業員
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
従業員数-16,296人---17,608人---17,571人---
売上/従業員(千円)-76,145---71,239---71,294---
営利/従業員(千円)-5,810---5,587---5,845---
四半期売上(百万円)
売上5y CAGR・予想:0.2 %
四半期利益(百万円)
営利5y CAGR・予想:5.6 %
純利5y CAGR・予想:3.4 %
P/L
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
売上325,330304,036296,394315,577338,727303,682298,935319,142333,106301,523281,167303,8091,253,000
前期比99.4%98.6%98.4%101.7%104.1%99.9%100.9%101.1%98.3%99.3%94.1%95.2%100.0%
売上原価204,613189,472191,814201,892211,490192,615189,937204,294208,015187,937177,668190,713-
売上総利益120,717114,564104,580113,685127,236111,068108,998114,848125,091113,586103,499113,095-
%37.1%37.7%35.3%36.0%37.6%36.6%36.5%36.0%37.6%37.7%36.8%37.2%-
販管費93,67692,05984,80589,62091,47192,28988,36187,91292,31591,22680,33785,855-
営業利益27,04122,50519,77424,06635,76418,77920,63626,93732,77522,36023,16127,240110,000
前期比88.3%110.0%81.0%116.2%132.3%83.4%104.4%111.9%91.6%119.1%112.2%101.1%107.1%
%8.3%7.4%6.7%7.6%10.6%6.2%6.9%8.4%9.8%7.4%8.2%9.0%8.8%
受取利息および受取配当金006340007250007010-
持分法による投資利益44-361189-18935-35-000-0-
営業外収益1,5471001,1663221,5208362,4216911,0417891,587583-
支払利息183190165194188231202182171162150189-
持分法による投資損失0209-74-7439098201-25519492106-
営業外費用3921,0406288272548096831,2697481,6261,245671-
経常利益28,19621,56520,31123,56237,03018,80622,37426,35933,06921,52223,50427,151111,000
固定資産売却益1,3522,4355,0021,4496325324149277233-
投資有価証券売却益00-9453-5917288-62-
特別利益1,6702,5015,0138,322901453263349836793195-
固定資産売却損00-000-000-0-
投資有価証券売却損00-000-000-0-
減損損失3843,716-1,007011,235-7561,235399-1,055-
特別損失1,5468,1539053,1981,66612,7941,0161,6772,9142,0002,2142,309-
税引前利益28,32015,91224,41928,68635,4536,02821,89025,31530,65319,88922,22124,937-
法人税等8,7285,5337,1057,3729,9346,5647,5697,0618,6264,7408,4907,882-
%30.8%34.8%29.1%25.7%28.0%108.9%34.6%27.9%28.1%23.8%38.2%31.6%-
当期純利益19,59210,38017,31321,31425,520-53714,32118,25322,02715,15013,73017,055-
非支配株主に帰属する当期純利益305-179223881,942-511-1798901,4292983591,693-
親会社株主に帰属する当期純利益19,28710,55817,09021,22623,577-2514,50017,36220,59914,85213,37015,36369,500
前期比87.9%72.7%100.5%147.1%122.2%-0.2%84.8%81.8%87.4%-59,408.0%92.2%88.5%103.2%
%5.9%3.5%5.8%6.7%7.0%0.0%4.9%5.4%6.2%4.9%4.8%5.1%5.5%
 
EBITDA72,168142,82519,77465,30579,604143,05731,75869,98180,348148,94134,74874,015-
EPS422.6円422.6円426.7円426.6円426.6円426.6円464.1円464.0円464.0円464.0円464.0円463.9円479.0円
BPS3,310.9円3,360.7円3,412.0円3,588.5円3,644.2円3,635.8円3,645.1円3,764.4円3,840.0円3,879.1円3,893.1円4,025.2円-
期初会社予想
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
売上高(期初予)1,261,0001,261,0001,260,0001,260,0001,260,0001,260,0001,309,0001,309,0001,309,0001,309,0001,253,0001,253,0001,253,000
対実績比74.3%98.4%23.5%48.6%75.5%99.6%22.8%47.2%72.7%95.7%22.4%46.7%-
営業利益(期初予)94,50094,50099,50099,50099,50099,500108,000108,000108,000108,000110,000110,000110,000
対実績比76.4%100.2%19.9%44.1%80.0%98.9%19.1%44.0%74.4%95.1%21.1%45.8%-
純利益(期初予)61,00061,00063,00063,00063,00063,00067,50067,50067,50067,50069,50069,50069,500
対実績比83.1%100.5%27.1%60.8%98.2%98.2%21.5%47.2%77.7%99.7%19.2%41.3%-
配当
ROEデュポン分解
β
マルチプル
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
株価9,590円8,100円9,340円7,630円8,960円8,990円7,700円7,880円7,380円7,680円8,580円8,040円-
企業価値1,511,5851,305,3911,445,8151,230,5061,413,4451,429,1021,207,7851,248,2671,175,7301,183,4551,333,7151,267,356-
時価総額1,390,6121,174,5381,354,3261,106,3581,299,5171,303,8581,116,7561,143,1691,070,6321,114,1371,244,6841,166,607-
純有利子負債130,85391,489124,148113,928125,24491,029115,204105,098103,74269,31889,031100,749-
PER(会予)21.6倍18.2倍21.5倍17.6倍18.3倍18.4倍16.5倍16.9倍15.9倍16.5倍17.9倍16.8倍-
PBR3.0倍2.4倍2.8倍2.2倍2.5倍2.5倍2.1倍2.1倍2.0倍2.0倍2.2倍2.0倍-
PER × PBR64.9倍44.5倍59.7倍39.3倍45.7倍45.3倍35.0倍35.5倍31.1倍32.7倍39.5倍33.5倍-
EV/EBITDA(会予)10.5倍9.1倍9.8倍8.3倍9.5倍9.6倍7.9倍8.2倍7.7倍7.7倍8.5倍8.1倍-
PSR(会予)1.1倍0.9倍1.1倍0.9倍1.0倍1.0倍0.9倍0.9倍0.8倍0.9倍1.0倍0.9倍-
PCFR(会予)12.4倍10.5倍12.2倍10.0倍10.9倍10.9倍10.0倍10.2倍9.5倍9.8倍10.8倍10.1倍-
配当金-130.0円---140.0円---150.0円--150.0円
配当利回り1.1%1.4%1.4%1.7%1.5%1.4%1.8%1.8%1.9%2.0%1.7%1.9%-
配当性向-30.8%---32.8%---32.3%---
自己資本配当率3.9%3.9%4.1%3.9%3.8%3.9%4.1%4.0%3.9%3.9%3.9%3.7%-
ROE12.8%12.6%12.5%11.9%11.7%11.7%12.7%12.3%12.1%12.0%11.9%11.5%-
純利益率(再掲)5.4%4.9%5.8%6.3%6.5%4.9%4.9%5.2%5.5%5.4%4.8%4.9%-
総資産回転率1.3回1.3回1.3回1.2回1.2回1.2回1.2回1.3回1.2回1.3回1.2回1.2回-
財務レバレッジ2.0倍1.9倍1.9倍1.9倍1.9倍1.9倍1.9倍1.8倍1.9倍1.8倍1.8倍1.8倍-
実質ROE12.0%11.8%11.8%11.2%11.1%11.1%12.0%11.7%11.5%11.4%11.3%11.0%-
ROIC10.3%10.8%10.5%10.3%10.0%10.5%11.2%11.1%10.8%11.2%10.2%10.0%-
ROA6.4%6.6%6.6%6.2%6.0%6.2%6.7%6.7%6.5%6.7%6.5%6.3%-
β0.340.450.480.520.490.430.470.490.430.260.300.34-
βの決定係数(R2)0.050.080.080.090.090.070.080.090.080.030.050.06-
財務レバレッジ(百万円)
利益剰余金(百万円)
設備投資(百万円)
B/S
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
流動資産
現金22,63627,61322,97322,82922,41725,35626,03523,05629,93137,44676,05863,434-
売上債権211,151195,760191,333203,351226,005202,193194,243191,040219,872179,931165,013181,872-
棚卸資産139,814136,467136,217164,194161,569165,924171,688172,389164,760173,299182,381184,106-
有価証券-------------
前払金-------------
繰延税金資産-9,670-----------
貸倒引当金-223-202-268-246-218-176-188-163-1,305-1,247-2,405-2,404-
流動資産407,363383,004393,997415,879438,785421,447420,826410,128442,158416,885451,687450,614-
固定資産
建物・構築物322,098319,894321,254337,213329,860334,729341,752341,065353,527353,843353,375355,350-
機械・運搬具508,871504,589512,525523,295527,780533,595532,967538,525535,931539,437539,792547,813-
土地74,19071,45469,69769,81669,66070,76570,60670,07669,72169,36368,28667,984-
建設仮勘定20,12522,32322,56228,72034,53931,98832,93538,35123,28523,64524,88121,513-
有形固定資産387,908383,962388,245421,287427,775433,491440,216445,009444,916444,191443,930445,945-
のれん11,68110,59010,61110,4829,8357369657176805350-
無形固定資産23,86922,55522,89424,20123,54513,55313,48113,34713,82314,01413,99014,492-
投資有価証券94,58790,87493,74798,44089,93493,50489,37391,02892,07484,59888,888120,424-
繰延税金資産-15,729---14,409-------
貸倒引当金-108-93-96-90-98-94-95-91-72-66-68-71-
敷金および保証金-------------
投資その他の資産131,243135,715138,035142,537134,958135,651131,816132,755133,863123,545128,183158,861-
固定資産543,021542,232549,175588,025586,279582,696585,515591,112592,603581,751586,104619,299-
総資産950,385925,237943,1721,003,9051,025,0641,004,1431,006,3411,001,2411,034,761998,6371,037,7921,069,914-
 
負債
有利子負債合計153,489119,102147,121136,757147,661116,385141,239128,154133,673106,764165,089164,183-
仕入債務123,188120,107116,216119,494126,077125,479121,048106,520123,324112,317103,958100,426-
前受金-------------
未払法人税等10,15018,2538,32516,50511,09421,0237,67815,1567,55412,1648,60516,343-
繰延税金負債(固定)-10,371---10,650-------
負債461,930430,059440,466451,041462,302443,512444,906421,631442,883401,069438,891450,323-
 
純資産
資本金30,00030,00030,00030,00030,00030,00030,00030,00030,00030,00030,00030,000-
資本剰余金99,80899,84199,841100,018100,052100,061100,061100,206100,208100,245100,434100,693-
利益剰余金355,719366,276372,593393,818407,969407,943411,198428,428438,871453,723455,363470,725-
自己株式-30,504-30,521-30,537-30,404-30,413-30,422-30,430-30,271-30,280-30,288-30,291-30,163-
非支配株主持分8,3607,8667,95732,39834,22233,32032,77533,50634,81134,81934,13135,526-
純資産488,455495,177502,706552,863562,762560,630561,435579,609591,878597,567598,900619,590-
キャッシュフロー(百万円)
C/S
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
営業CF
税金等調整前当期純利益75,16791,07924,41953,10588,55894,58621,89047,20577,85897,74722,22147,158-
減価償却費-46,511-20,652-43,03311,11922,401-46,18511,58423,607-
のれん償却額-1,641-813-1,64137-4837-
減損損失3843,716-1,007011,235-7561,235399-1,055-
受取利息及び受取配当金--1,341--763--1,416-725-849--1,556-701-848-
売上債権の増減額--12,724--1,998--7737,73810,648-20,70113,591-2,934-
棚卸資産の増減額--3,313--2,429--4,307-5,761-6,732--8,685-10,458-11,954-
仕入債務の増減額-9,170--3,654-2,142-5,191-17,788--11,323-6,954-10,628-
営業CF-108,775-38,347-112,1003,44134,007-114,10311,96140,823-
投資CF
有価証券の取得0-1,0590-810-4,153-22-700-2,473-1,986-32,072-
有価証券の売却・償還074601900322059201,0040115-
固定資産の購入0-71,7760-34,3070-71,242-17,274-38,7870-71,129-19,117-33,263-
固定資産の売却09,26909,55309,8507231,88402,1611,3311,606-
貸付け-------------
貸付金の回収-------------
投資CF--64,394--60,228--100,202-16,231-36,314--70,811-18,434-60,331-
財務CF
短期借入金の純増減額-8,720--347--8,8868,1928,060--4,48710,01810,155-
長期借入れ-13,802-18,070-19,782-358-3582,2672,267-
長期借入金の返済--22,557--11,619--13,904-1,172-2,505--4,851-3,826-5,105-
社債の発行-19,909-----------
社債の償還--30,000-----------
自己株式の取得-------------
自己株式の売却-------------
配当金の支払--17,835--10,483--19,891-10,689-10,853--20,987-11,370-11,587-
財務CF--40,121-16,610--13,98014,051787--30,28746,20344,852-
換算差額-1--263--393125-364--375-821-616-
その他
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
設備投資額074,673034,307071,16917,27438,787062,98719,11733,263-
研究開発費-----29,182---31,446---
発行済株式総数145,004,721株145,002,787株145,001,034株145,035,365株145,034,213株145,033,263株145,032,281株145,072,146株145,071,052株145,069,984株145,068,051株145,100,416株-
従業員数(人)
従業員ひとりあたり営業利益(百万円)
従業員
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
従業員数-16,296人---17,608人---17,571人---
売上/従業員(千円)-76,145---71,239---71,294---
営利/従業員(千円)-5,810---5,587---5,845---