Menicon Co Ltd Financial Ratios — MECNY Stock

Profitability (JPY)

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025

Return on Common Equity (%)	- -	4.37	6.37	6.78	6.73	8.57	8.9	11.76	11.69	12.16	6.99	8.25
Return on Assets (%)	- -	2.12	3.26	3.6	3.69	4.77	4.9	5.55	5.02	5.2	2.73	3.06
Return on Capital (%)	- -	3.09	4.57	4.82	4.83	6.21	6.76	7.64	6.74	6.99	3.85	4.28
Return on Invested Capital (%)	- -	2.65	3.54	4.23	4.7	5.78	6.95	6.55	5.95	6.42	4.03	3.83
Gross Margin (%)	56.83	55.53	55.43	53.93	53.73	52.87	53.51	53.15	52.79	53.07	52.51	53.57
EBITDA Margin (%)	3.69	4.54	5.14	5.43	5.73	6.89	8.32	9.4	9.94	10.95	7.7	8.27
Operating Margin (%)	3.69	4.54	5.14	5.43	5.73	6.89	8.32	9.4	9.94	10.95	7.7	8.27
Incremental Operating Margin (%)	- -	61.75	14.14	9.58	10.48	27.88	40.35	63.55	13.25	21.01	-51.87	20.76
Pretax Margin (%)	4.2	4.41	5.66	5.71	5.61	7.08	7.41	9.69	9.88	10.45	6.12	7.67
Profit Margin (%)	1.63	2.27	3.3	3.53	3.47	4.42	4.8	6.9	6.47	6.69	3.91	4.63
Net Income to Common Margin (%)	1.63	2.27	3.3	3.53	3.47	4.42	4.8	6.9	6.47	6.69	3.91	4.63
Effective Tax Rate (%)	61.33	50.01	43.28	38.18	38.13	37.49	35.13	28.73	34.53	35.93	36.16	39.68
Dvd Payout Ratio (%)	40.42	36.33	23.33	21.55	24.96	24.51	24.25	17.72	20.38	20.58	41.84	33.84
Sustainable Growth Rate (%)	- -	2.78	4.89	5.32	5.05	6.47	6.74	9.68	9.31	9.65	4.06	5.46

Credit (JPY)

API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025

Total Debt	19,681	19,984	16,635	19,784	16,183	18,871	13,428	45,304	42,435	53,579	70,793	75,089
ST Debt	4,072	4,315	4,717	4,351	5,593	3,811	4,060	4,966	4,799	3,641	26,214	3,233
LT Debt	15,609	15,669	11,918	15,433	10,590	15,060	9,368	40,338	37,636	49,938	44,579	71,856
Total Debt/EBITDA	8.58	6.98	4.81	5.06	3.68	3.39	1.91	5.59	4.26	4.44	7.91	7.47
Net Debt/EBITDA	4.6	3.71	1.1	1.75	-0.21	-0.24	-1.17	-0.54	0.24	0.54	2.08	2.44
Total Debt/EBIT	8.58	6.98	4.81	5.06	3.68	3.39	1.91	5.59	4.26	4.44	7.91	7.47
Net Debt/EBIT	4.6	3.71	1.1	1.75	-0.21	-0.24	-1.17	-0.54	0.24	0.54	2.08	2.44
EBITDA to Interest Expense	7.74	9.14	13.16	16.29	21.97	32.02	37.41	35.4	29.99	33.42	15.68	14.24
EBITDA-CapEx/Interest Expense	-7.01	-2.24	-2.97	0.72	-2.08	2.13	2.96	-16.45	-18.04	-2.53	-21.68	-10.53
EBIT to Interest Expense	7.74	9.14	13.16	16.29	21.97	32.02	37.41	35.4	29.99	33.42	15.68	14.24
Interest Expense	296	313	263	240	200	174	188	229	332	361	571	706
Common Equity/Total Assets	47.92	49.17	53.03	53.21	56.36	55.02	55.17	41.74	44.1	41.71	36.86	37.38
Long-Term Debt/Equity (%)	47.09	46.26	31	40.96	26.4	35.4	17.5	66.15	56.14	66.88	54.5	83.41
Long-Term Debt/Capital (%)	29.97	29.4	22.41	26.47	18.7	24.3	15.2	40.98	37.54	42.59	32.51	49.5
Long-Term Debt/Total Assets (%)	23.15	23.18	17.3	21.34	14.77	19.24	10.73	31.72	28.73	32.74	24.79	38.37
Total Debt/Equity (%)	59.37	59	43.28	52.51	40.34	44.35	25.09	74.29	63.3	71.76	86.54	87.16
Total Debt/Capital (%)	37.78	37.49	31.28	33.93	28.57	30.45	21.78	46.03	42.33	45.7	51.62	51.73
Total Debt/Total Assets (%)	29.19	29.56	24.14	27.35	22.57	24.11	15.38	35.63	32.4	35.13	39.37	40.09
Net Debt to Equity	31.85	31.36	9.92	18.2	-2.3	-3.13	-15.35	-7.19	3.49	8.66	22.75	28.44
Net Debt/Capital (%)	24.26	23.89	9.37	15.02	-2.32	-3.18	-18.53	-7.7	3.48	8.5	20.63	23.76
EBITDA	2,295	2,864	3,458	3,910	4,394	5,572	7,033	8,107	9,957	12,063	8,952	10,052
EBITDA-CapEx	-2,076	-703	-781	173	-416	370	556	-3,768	-5,989	-912	-12,382	-7,436
Operating Income (Loss)	2,295	2,864	3,458	3,910	4,394	5,572	7,033	8,107	9,957	12,063	8,952	10,052

Liquidity (JPY)

API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025

Cash Ratio	0.55	0.56	0.78	0.75	0.9	1.08	0.8	1.84	1.46	1.7	0.94	1.59
Current Ratio	1.72	1.7	1.93	1.98	2.04	2.29	1.92	3.12	2.83	3.19	1.71	3.12
Quick Ratio	0.55	0.56	0.78	0.75	0.9	1.08	0.8	1.84	1.46	1.7	0.94	1.59
CFO/Avg Current Liab	- -	0.27	0.49	0.31	0.44	0.38	0.43	0.48	0.56	0.54	0.32	0.36
Common Equity/Total Assets	47.92	49.17	53.03	53.21	56.36	55.02	55.17	41.74	44.1	41.71	36.86	37.38
Long-Term Debt/Equity (%)	47.09	46.26	31	40.96	26.4	35.4	17.5	66.15	56.14	66.88	54.5	83.41
Long-Term Debt/Capital (%)	29.97	29.4	22.41	26.47	18.7	24.3	15.2	40.98	37.54	42.59	32.51	49.5
Long-Term Debt/Total Assets (%)	23.15	23.18	17.3	21.34	14.77	19.24	10.73	31.72	28.73	32.74	24.79	38.37
Total Debt/Equity (%)	59.37	59	43.28	52.51	40.34	44.35	25.09	74.29	63.3	71.76	86.54	87.16
Total Debt/Capital (%)	37.78	37.49	31.28	33.93	28.57	30.45	21.78	46.03	42.33	45.7	51.62	51.73
Total Debt/Total Assets (%)	29.19	29.56	24.14	27.35	22.57	24.11	15.38	35.63	32.4	35.13	39.37	40.09
CFO/Total Liabilities	3.26	12.55	25.8	15	24.87	19.66	25.8	16.06	19.89	16.37	12.11	13.79
CFO/CapEx	0.26	1.19	1.85	1.39	1.63	1.35	1.35	0.89	0.8	0.98	0.56	0.8
Altman's Z-Score	2.22	2.22	2.36	2.42	2.59	2.55	2.39	2.07	32.77	29.63	24.51	25.77

Working Capital (JPY)

API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025

Accounts Receivable Turnover	- -	8.9	9.07	9.16	9.45	9.51	9.09	8.42	9.1	9.31	9.02	9.01
Days Sales Outstanding	- -	41	40.25	39.85	38.62	38.39	40.14	43.33	40.09	39.22	40.45	40.53
Inventory Turnover	- -	3.37	3.5	3.5	3.28	3.26	3.16	2.84	3.02	3.12	3.05	2.82
Days Inventory Outstanding	- -	108.46	104.16	104.2	111.37	111.85	115.59	128.45	120.72	117.15	119.79	129.47
Accounts Payable Turnover	- -	10.03	9.71	8.83	8.58	8.87	9.11	10.02	10.46	10.16	9.6	9.34
Accounts Payable Turnover Days	- -	36.4	37.57	41.36	42.54	41.16	40.09	36.44	34.9	35.93	38.04	39.09
Cash Conversion Cycle	- -	113.06	106.84	102.7	107.46	109.09	115.65	135.34	125.9	120.44	122.2	130.91
Inventory to Cash Days	- -	-67.46	-63.91	-64.35	-72.75	-73.46	-75.45	-85.12	-80.63	-77.93	-79.34	-88.94
Inventories	8,267	8,417	8,713	10,239	11,412	11,957	12,929	15,500	15,783	17,417	18,802	21,218
Raw Materials	1,509	1,348	1,403	1,960	1,943	2,076	2,226	2,605	3,025	3,404	3,761	4,045
Work In Process	477	486	446	561	703	771	905	1,271	1,304	1,267	1,470	1,464
Finished Goods	6,281	6,583	6,864	7,718	8,766	9,110	9,798	11,624	11,454	12,746	13,571	15,709
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (JPY)

API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	3,263,094	3,573,102	3,737,129	4,038,139
- Cash & Cash Equivalents	8,567	8,827	12,463	12,656	16,904	20,084	17,327	41,455	33,046	41,249	46,911	42,046
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	105	71	- -	35	39	42	53	49	49	52	55	57
+ Total Debt	19,681	19,984	16,635	19,784	16,183	18,871	13,428	45,304	42,435	53,579	70,793	75,089
Enterprise Value	11,119	11,117	4,030	7,163	-700	-1,171	-3,846	3,898	3,272,532	3,585,448	3,761,066	4,071,239
Total Capital	52,091	53,301	53,175	58,310	56,638	61,982	61,641	98,427	100,248	117,245	137,132	145,160
Total Debt/Capital (%)	37.78	37.49	31.28	33.93	28.57	30.45	21.78	46.03	42.33	45.7	51.62	51.73
Total Debt / EV	1.77	1.8	4.13	2.76	-23.12	-16.12	-3.49	11.62	0.01	0.01	0.02	0.02
EV/Sales	0.18	0.18	0.06	0.1	- -	- -	- -	0.05	32.67	32.54	32.37	33.51
EV/EBITDA	4.85	3.88	1.17	1.83	- -	- -	- -	0.48	328.67	297.23	420.14	405.02
EV/EBIT	4.85	3.88	1.17	1.83	- -	- -	- -	0.48	328.67	297.23	420.14	405.02
EV/Cash Flow to Firm	9.03	2.53	0.5	1.34	- -	- -	- -	0.36	252.97	276.22	307.52	283.32
EV/Free Cash Flow to Firm	1.99	1.4	0.33	0.79	- -	- -	- -	0.17	113.31	138.14	112.05	127.79
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	3,536,784	3,870,072	4,040,597	4,323,115
Diluted Enterprise Value	11,219	11,228	4,172	7,163	-682	-1,171	-3,846	3,898	3,546,222	3,882,454	4,064,534	4,356,215
EV per Share	42.52	42.51	14.16	25.26	- -	- -	- -	12.91	10,820.01	11,815.63	12,359.39	13,404.81
TTM Sales	62,209	63,131	67,332	72,052	76,672	80,898	84,519	86,209	100,172	110,194	116,192	121,491
TTM EBITDA	2,295	2,864	3,458	3,910	4,394	5,572	7,033	8,107	9,957	12,063	8,952	10,052
TTM Operating Income	2,295	2,864	3,458	3,910	4,394	5,572	7,033	8,107	9,957	12,063	8,952	10,052
TTM Cash Flow to Firm	1,231	4,390	8,008	5,345	7,981	7,132	8,834	10,791	12,936	12,980	12,231	14,370
TTM Free Cash Flow to Firm	5,601	7,958	12,248	9,082	12,791	12,334	15,311	22,666	28,882	25,955	33,565	31,858

Multiples (JPY)

API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	123.38	150.45	121.7	137.54
EV/EBIT	4.85	3.88	1.17	1.83	- -	- -	- -	0.48	328.67	297.23	420.14	405.02
Enterprise Value	11,119	11,117	4,030	7,163	-700	-1,171	-3,846	3,898	3,272,532	3,585,448	3,761,066	4,071,239
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	9,833.57	10,861.52	11,638.87	13,049.18
EV/Sales	0.18	0.18	0.06	0.1	- -	- -	- -	0.05	32.67	32.54	32.37	33.51
EV/EBITDA	4.85	3.88	1.17	1.83	- -	- -	- -	0.48	328.67	297.23	420.14	405.02
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	503.49	484.36	823.52	718.4
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	475.9	494.49	801.57	731.68
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	512.6	547.99	824.43	758.57
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	458.91	446.78	780.48	705.07
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	56.49	56.17	56.38	57.68
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	53.4	57.34	54.88	58.74
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	57.51	63.55	56.44	60.9
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	51.49	51.81	53.43	56.61
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	58.86	56.54	53.29	56.98
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	55.63	57.73	51.87	58.04
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	59.92	63.97	53.34	60.17
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	53.65	52.16	50.5	55.93
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	32.57	32.43	32.16	33.24
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	30.79	33.1	31.31	33.85
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	33.16	36.69	32.2	35.1
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	29.69	29.91	30.48	32.62
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	256.55	280.27	314.94	289.6
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	242.5	286.13	306.55	294.95
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	261.19	317.08	315.29	305.79
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	233.84	258.52	298.48	284.22
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	116.62	153.59	118.46	140.08
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	125.62	170.21	121.84	145.23
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	112.46	138.78	115.34	134.99
EV/Sales Average	0.18	0.18	0.06	0.1	- -	- -	- -	0.05	30.88	33.22	31.51	34.13
EV/Sales High	0.18	0.18	0.06	0.1	- -	- -	- -	0.05	33.26	36.8	32.41	35.37
EV/Sales Low	0.18	0.18	0.06	0.1	- -	- -	- -	0.05	29.78	30.02	30.69	32.89
EV/EBITDA Average	4.89	3.92	1.21	1.83	-0.16	-0.21	-0.55	0.48	310.71	303.43	409.01	412.44
EV/EBITDA High	4.89	3.92	1.21	1.83	-0.16	-0.21	-0.55	0.48	334.6	336.14	420.6	427.48
EV/EBITDA Low	4.89	3.92	1.21	1.83	-0.16	-0.21	-0.55	0.48	299.65	274.25	398.32	397.57
EV/EBIT Average	4.89	3.92	1.21	1.83	-0.16	-0.21	-0.55	0.48	310.71	303.43	409.01	412.44
EV/EBIT High	4.89	3.92	1.21	1.83	-0.16	-0.21	-0.55	0.48	334.6	336.14	420.6	427.48
EV/EBIT Low	4.89	3.92	1.21	1.83	-0.16	-0.21	-0.55	0.48	299.65	274.25	398.32	397.57
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	10,788.8	11,774.94	12,280.73	13,295.83
High Price	- -	- -	- -	- -	- -	- -	- -	- -	10,984.01	13,321.81	12,294.35	14,039.28
Enterprise Value Average	11,219	11,228	4,172	7,163	-682	-1,171	-3,846	3,898	3,093,770	3,660,221	3,661,467	4,145,888
Enterprise Value High	11,219	11,228	4,172	7,163	-682	-1,171	-3,846	3,898	3,331,574	4,054,880	3,765,213	4,297,037
Enterprise Value Low	11,219	11,228	4,172	7,163	-682	-1,171	-3,846	3,898	2,983,622	3,308,306	3,565,744	3,996,327

Shares Outstanding	71	71	73	70	70	70	75	76	76	76	76	76
Diluted Weighted Avg Shares	262	262	289	287	284	303	304	308	328	329	329	325
Basic Weighted Avg Shares	262	262	285	284	281	282	289	302	302	303	304	304
Revenue per Share	237.89	241.42	236.56	254.09	272.95	287.33	292.02	285.45	331.2	363.14	381.82	400.02
EBITDA per Share	8.77	10.95	12.15	13.79	15.64	19.79	24.3	26.84	32.92	39.75	29.42	33.1
Operating Income per Share	8.77	10.95	12.15	13.79	15.64	19.79	24.3	26.84	32.92	39.75	29.42	33.1
Basic EPS, GAAP	3.87	5.47	7.81	8.97	9.46	12.7	14.03	19.71	21.43	24.31	14.91	18.51
Basic EPS from Cont Ops	3.87	5.32	7.6	8.98	9.47	12.72	14.04	19.71	21.43	24.32	14.93	18.52
Diluted EPS, GAAP	3.87	5.47	7.7	8.86	9.36	11.79	13.37	19.31	19.77	22.45	13.79	17.29
Diluted EPS from Cont Ops	3.87	5.32	7.49	8.87	9.37	11.8	13.38	19.31	19.77	22.45	13.8	17.3
Dividend per Share	1.56	1.88	1.72	1.94	2.37	3.12	3.41	3.49	4.37	5.01	6.25	6.27
Cash Flow per Share	4.27	16.19	27.61	18.33	27.97	24.94	30.1	35.19	42.05	42.01	38.99	45.91
Free Cash Flow per Basic Share	-12.44	2.55	12.72	5.15	10.85	6.47	7.72	-4.13	-10.67	-0.74	-31.11	-11.67
Cash & Equivalents per Share	33.14	34.18	44.28	44.63	60.24	71.33	59.87	137.27	109.26	136.05	154.16	138.44
Book Value per Share	123.53	127.13	128.37	135.74	143.88	152.97	166.4	175.74	190.99	209.64	217.82	230.53
Tangible Book Value per Share	86.13	94.26	106.73	102.12	116.31	128.97	160.51	160.11	183.31	208.25	230.47	233.32

Menicon Co Ltd

Profitability (JPY)

Credit (JPY)

Liquidity (JPY)

Working Capital (JPY)

Enterprise Value (JPY)

Multiples (JPY)

Per Share Data Items (JPY)