Summary - 4997：日本農薬
リスクフリーレート
%
有利子負債②
WACCの計算
長期FCF成長率
%
自己株式数
リスクプレミアム
%
有利子負債コスト③
%
②/(②+⑤)・・⑥
6.61%
⑤/(②+⑤)・・⑦
93.39%
現金同等物
理論株価
967
ベータ
%
税率④
%
③*(1-④)・・⑧
3.92%
①
8%
その他非事業用資産
株価
株主資本(株式)コスト①
6.72%
時価総額⑤
⑥*⑧・・⑨
0.26%
⑦*①・・⑩
7.47%
少数株主持分
乖離率
66.44%
株主資本コスト(自分)①
%
WACC=⑨+⑩
7.73%
発行済株式数
Valuation Detail
2003.09.30
2004.09.30
2005.09.30
2006.09.30
2007.09.30
2008.09.30
2009.09.30
2010.09.30
2011.09.30
2012.09.30
2013.09.30
2014.09.30
2015.09.30
2016.09.30
2017.09.30
売上高合計
35,430
35,589
35,354
36,835
38,732
41,056
43,519
46,130
48,898
51,832
54,942
58,239
61,733
65,437
69,363
成長率
-
0.45%
-0.66%
4.19%
5.15%
%
%
%
%
%
%
%
%
%
%
売上原価合計
22,511
22,322
21,423
21,998
23,172
24,634
26,111
27,678
29,339
31,099
32,965
34,943
37,040
39,262
41,618
売上高比
63.54%
62.72%
60.60%
59.72%
59.83%
%
%
%
%
%
%
%
%
%
%
成長率
-
-0.84%
-4.03%
2.68%
5.34%
6.31%
6%
6%
6%
6%
6%
6%
6%
6%
6%
売上総利益
12,919
13,267
13,931
14,837
15,560
16,422
17,408
18,452
19,559
20,733
21,977
23,296
24,693
26,175
27,745
売上高比
36.46%
37.28%
39.40%
40.28%
40.17%
40%
40%
40%
40%
40%
40%
40%
40%
40%
40%
成長率
-
2.69%
5.00%
6.50%
4.87%
5.54%
6%
6%
6%
6%
6%
6%
6%
6%
6%
販管費
12,375
12,692
12,811
12,591
12,229
12,572
12,928
13,297
13,680
14,077
14,489
14,917
15,363
15,826
16,308
売上高比
34.93%
35.66%
36.24%
34.18%
31.57%
30.62%
29.71%
28.83%
27.98%
27.16%
26.37%
25.61%
24.89%
24.19%
23.51%
成長率
-
2.56%
0.94%
-1.72%
-2.88%
2.8%
2.83%
2.85%
2.88%
2.9%
2.93%
2.95%
2.99%
3.01%
3.05%
変動比率
-
-
-
-
%
%
%
%
%
%
%
%
%
%
%
変動費
-
-
-
-
2,446
2,593
2,749
2,914
3,089
3,274
3,470
3,678
3,899
4,133
4,381
固定費
-
-
-
-
9,783
9,979
10,179
10,383
10,591
10,803
11,019
11,239
11,464
11,693
11,927
固定費成長率
-
-
-
-
-
%
%
%
%
%
%
%
%
%
%
営業利益
349
391
1,263
1,541
2,592
3,850
4,480
5,155
5,879
6,656
7,488
8,379
9,330
10,349
11,437
売上高比
0.99%
1.10%
3.57%
4.18%
6.69%
9.38%
10.29%
11.17%
12.02%
12.84%
13.63%
14.39%
15.11%
15.82%
16.49%
成長率
-
12.03%
223.02%
22.01%
68.20%
48.53%
16.36%
15.07%
14.04%
13.22%
12.5%
11.9%
11.35%
10.92%
10.51%
法人税合計
416
307
562
381
977
1,567
1,823
2,098
2,393
2,709
3,048
3,410
3,797
4,212
4,655
税率
119.20
78.52
44.50
24.72
37.69
40.7%
40.69%
40.7%
40.7%
40.7%
40.71%
40.7%
40.7%
40.7%
40.7%
NOPLAT
128
268
558
1,865
2,354
2,283
2,657
3,057
3,486
3,947
4,440
4,969
5,533
6,137
6,782
売上高比
0.36%
0.75%
1.58%
5.06%
6.08%
5.56%
6.11%
6.63%
7.13%
7.61%
8.08%
8.53%
8.96%
9.38%
9.78%
成長率
-
109.38%
108.21%
234.23%
26.22%
-3.02%
16.38%
15.05%
14.03%
13.22%
12.49%
11.91%
11.35%
10.92%
10.51%
減価償却費合計
1,789
1,706
1,656
1,602
1,671
1,868
1,684
1,498
1,323
1,163
1,021
895
784
686
600
売上高比
5.05
4.79
4.68
4.35
4.31
4.55%
3.87%
3.25%
2.71%
2.24%
1.86%
1.54%
1.27%
1.05%
0.87%
成長率
-
-4.64
-2.93
-3.26
4.31
11.79%
-9.85%
-11.05%
-11.68%
-12.09%
-12.21%
-12.34%
-12.4%
-12.5%
-12.54%
平均償却年数
-
10.31
9.74
8.91
9.41
(有形･無形固定資産)
18,509
17,198
15,832
14,255
14,157
13,075
11,784
10,482
9,257
8,143
7,146
6,263
5,485
4,802
4,203
グロスCF
1,917
1,974
2,214
3,467
4,025
4,151
4,341
4,555
4,809
5,110
5,461
5,864
6,317
6,823
7,382
売上高比
5.41%
5.55%
6.26%
9.41%
10.39%
10.11%
9.97%
9.87%
9.83%
9.86%
9.94%
10.07%
10.23%
10.43%
10.64%
成長率
-
2.97%
12.16%
56.59%
16.09%
3.13%
4.58%
4.93%
5.58%
6.26%
6.87%
7.38%
7.73%
8.01%
8.19%
運転資金増減分(－で表示)
-
837
687
202
-2,555
-1,042
-1,104
-1,170
-1,241
-1,315
-1,394
-1,478
-1,566
-1,660
-1,760
運転資金
16,530
15,693
15,006
14,804
17,359
18,401
19,505
20,675
21,916
23,231
24,625
26,103
27,669
29,329
31,089
設備投資(－で表示)
-
-395
-290
-25
-1,573
-786
-393
-196
-98
-49
-24
-12
-6
-3
-1
売上高比
-
-1.11%
-0.82%
-0.07%
-4.06%
-1.91%
-0.9%
-0.42%
-0.2%
-0.09%
-0.04%
-0.02%
-0.01%
0
0
成長率
-
-
-26.58%
-91.38%
6,192.00%
%
%
%
%
%
%
%
%
%
%
フリーCF
-
742
1,237
3,240
5,007
2,323
2,844
3,189
3,470
3,746
4,043
4,374
4,745
5,160
5,621
売上高比
-
2.08%
3.50%
8.80%
12.93%
5.66%
6.54%
6.91%
7.1%
7.23%
7.36%
7.51%
7.69%
7.89%
8.1%
成長率
-
-
66.71%
161.92%
54.54%
-53.6%
22.43%
12.13%
8.81%
7.95%
7.93%
8.19%
8.48%
8.75%
8.93%
現在価値
-
-
-
-
-
2,156
2,451
2,551
2,576
2,582
2,586
2,597
2,615
2,640
42,732
Description
WACCについて
売上高について
販管費について
設備投資について
格付け
バイ
ホールド
セル
備考
