| 株式ニュース - トレフォトヨタ自動車バリュエーション

Valuation Detail

	2004.03.31	2005.03.31	2006.03.31	2007.03.31	2008.03.31	2009.03.31	2010.03.31	2011.03.31	2012.03.31	2013.03.31	2014.03.31	2015.03.31	2016.03.31	2017.03.31	2018.03.31
売上高合計	17,294,760	18,551,526	21,036,909	23,948,091	26,289,240	23,660,316	23,660,316	24,843,332	26,085,499	26,868,064	27,136,745	27,408,112	27,682,193	27,959,015	28,238,605
成長率	-	7.27%	13.40%	13.84%	9.78%	%	%	%	%	%	%	%	%	%	%
売上原価合計	13,870,514	14,870,126	16,944,944	19,228,393	21,520,353	19,164,856	19,164,856	20,123,099	21,129,254	21,763,132	21,980,763	22,200,571	22,422,576	22,646,802	22,873,270
売上高比	80.20%	80.16%	80.55%	80.29%	81.86%	%	%	%	%	%	%	%	%	%	%
成長率	-	7.21%	13.95%	13.48%	11.92%	-10.95%	0	5%	5%	3%	1%	1%	1%	1%	1%
売上総利益	3,424,246	3,681,400	4,091,965	4,719,698	4,768,887	4,495,460	4,495,460	4,720,233	4,956,245	5,104,932	5,155,982	5,207,541	5,259,617	5,312,213	5,365,335
売上高比	19.80%	19.84%	19.45%	19.71%	18.14%	19%	19%	19%	19%	19%	19%	19%	19%	19%	19%
成長率	-	7.51%	11.15%	15.34%	1.04%	-5.73%	0	5%	5%	3%	1%	1%	1%	1%	1%
販管費	1,757,356	2,009,213	2,213,623	2,481,015	2,498,512	2,458,536	2,494,215	2,564,337	2,636,873	2,697,048	2,743,329	2,790,458	2,838,453	2,887,330	2,937,105
売上高比	10.16%	10.83%	10.52%	10.36%	9.50%	10.39%	10.54%	10.32%	10.11%	10.04%	10.11%	10.18%	10.25%	10.33%	10.4%
成長率	-	14.33%	10.17%	12.08%	0.71%	-1.6%	1.45%	2.81%	2.83%	2.28%	1.72%	1.72%	1.72%	1.72%	1.72%
変動比率	-	-	-	-	%	%	%	%	%	%	%	%	%	%	%
変動費	-	-	-	-	749,554	674,599	674,599	708,329	743,745	766,057	773,718	781,455	789,270	797,163	805,135
固定費	-	-	-	-	1,748,958	1,783,937	1,819,616	1,856,008	1,893,128	1,930,991	1,969,611	2,009,003	2,049,183	2,090,167	2,131,970
固定費成長率	-	-	-	-	-	%	%	%	%	%	%	%	%	%	%
営業利益	1,666,890	1,672,187	1,878,342	2,238,683	2,270,375	2,036,924	2,001,245	2,155,896	2,319,372	2,407,884	2,412,653	2,417,083	2,421,164	2,424,883	2,428,230
売上高比	9.64%	9.01%	8.93%	9.35%	8.64%	8.61%	8.46%	8.68%	8.89%	8.96%	8.89%	8.82%	8.75%	8.67%	8.6%
成長率	-	0.32%	12.33%	19.18%	1.42%	-10.28%	-1.75%	7.73%	7.58%	3.82%	0.2%	0.18%	0.17%	0.15%	0.14%
法人税合計	681,304	657,910	795,153	898,312	911,495	829,028	814,507	877,450	943,984	980,009	981,950	983,753	985,414	986,927	988,290
税率	40.87	39.34	42.33	40.13	40.15	40.7%	40.7%	40.7%	40.7%	40.7%	40.7%	40.7%	40.7%	40.7%	40.7%
NOPLAT	985,586	1,014,277	1,083,189	1,340,371	1,358,880	1,207,896	1,186,738	1,278,446	1,375,388	1,427,875	1,430,703	1,433,330	1,435,750	1,437,956	1,439,940
売上高比	5.70%	5.47%	5.15%	5.60%	5.17%	5.11%	5.02%	5.15%	5.27%	5.31%	5.27%	5.23%	5.19%	5.14%	5.1%
成長率	-	2.91%	6.79%	23.74%	1.38%	-11.11%	-1.75%	7.73%	7.58%	3.82%	0.2%	0.18%	0.17%	0.15%	0.14%
減価償却費合計	969,904	997,713	1,211,178	1,382,594	1,491,135	1,334,772	1,361,768	1,383,820	1,401,638	1,415,833	1,426,928	1,435,371	1,441,547	1,445,784	1,448,365
売上高比	5.61	5.38	5.76	5.77	5.67	5.64%	5.76%	5.57%	5.37%	5.27%	5.26%	5.24%	5.21%	5.17%	5.13%
成長率	-	2.87	21.40	14.15	7.85	-10.49%	2.02%	1.62%	1.29%	1.01%	0.78%	0.59%	0.43%	0.29%	0.18%
平均償却年数	-	7.25	7.88	7.12	6.27
(有形･無形固定資産)	5,354,647	5,795,594	7,066,628	7,764,039	7,812,002	8,008,633	8,170,611	8,302,918	8,409,826	8,494,996	8,561,566	8,612,226	8,649,280	8,674,704	8,690,191
グロスCF	1,955,490	2,011,990	2,294,367	2,722,965	2,850,015	2,542,668	2,548,506	2,662,266	2,777,026	2,843,708	2,857,631	2,868,701	2,877,297	2,883,740	2,888,305
売上高比	11.31%	10.85%	10.91%	11.37%	10.84%	10.75%	10.77%	10.72%	10.65%	10.58%	10.53%	10.47%	10.39%	10.31%	10.23%
成長率	-	2.89%	14.03%	18.68%	4.67%	-10.78%	0.23%	4.46%	4.31%	2.4%	0.49%	0.39%	0.3%	0.22%	0.16%
運転資金増減分(－で表示)	-	-703,791	-799,572	-781,774	-267,354	647,785	0	-291,503	-306,078	-192,829	-66,205	-66,867	-67,535	-68,211	-68,893
運転資金	3,925,360	4,629,151	5,428,723	6,210,497	6,477,851	5,830,066	5,830,066	6,121,569	6,427,647	6,620,476	6,686,681	6,753,548	6,821,083	6,889,294	6,958,187
設備投資(－で表示)	-	-1,438,660	-2,482,212	-2,080,005	-1,539,098	-1,531,403	-1,523,746	-1,516,127	-1,508,546	-1,501,003	-1,493,498	-1,486,031	-1,478,601	-1,471,208	-1,463,852
売上高比	-	-7.75%	-11.80%	-8.69%	-5.85%	-6.47%	-6.44%	-6.1%	-5.78%	-5.59%	-5.5%	-5.42%	-5.34%	-5.26%	-5.18%
成長率	-	-	72.54%	-16.20%	-26.01%	%	%	%	%	%	%	%	%	%	%
フリーCF	-	1,277,121	611,727	1,424,734	1,578,271	1,659,050	1,024,760	854,636	962,402	1,149,876	1,297,928	1,315,803	1,331,161	1,344,321	1,355,560
売上高比	-	6.88%	2.91%	5.95%	6.00%	7.01%	4.33%	3.44%	3.69%	4.28%	4.78%	4.8%	4.81%	4.81%	4.8%
成長率	-	-	-52.10%	132.90%	10.78%	5.12%	-38.23%	-16.6%	12.61%	19.48%	12.88%	1.38%	1.17%	0.99%	0.84%
現在価値	-	-	-	-	-	1,565,330	912,253	717,828	762,680	859,772	915,650	875,823	835,993	796,566	16,105,669

WACCについて	自分割引率は10%で。
売上高について	今年はマイナス成長、来年は今年の水準くらいかな。その後ちょっとづつ成長。
販管費について	ここは適当に。
設備投資について	減価償却費と設備投資が同じ水準に収束するように。
格付け	バイホールドセル
備考	ざっくりと計算。なんか株価に合わせにいったみたいに見えるけど・・・。