Financials eGuarantee, Inc.

Equities

8771

JP3130300001

Corporate Financial Services

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-04-26 EDT			5-day change	1st Jan Change
1,733 ^JPY	+0.81%		+3.59%	-15.38%

01-08	EGuarantee Targeting Dividend Payout Ratio of at least 50%	MT
2023	EGuarantee's Fiscal H1 EPS Jumps to 32.08 Yen as Net Sales Rise 8.4% to 4.5 Billion Yen; Keeps Forecasts Unchanged	MT

Valuation

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	46,785	67,200	94,809	95,905	103,239	82,644	-	-
Enterprise Value (EV) ¹	36,514	55,366	78,753	77,410	85,712	71,277	69,119	66,564
P/E ratio	28.3 x	29.2 x	46.3 x	38.8 x	35.8 x	25.6 x	21.2 x	18.2 x
Yield	1.18%	0.89%	1.05%	1.27%	1.56%	2.02%	2.17%	2.5%
Capitalization / Revenue	8.39 x	11.3 x	13.2 x	12.1 x	12.2 x	8.96 x	7.61 x	6.56 x
EV / Revenue	6.55 x	9.3 x	10.9 x	9.81 x	10.1 x	7.73 x	6.37 x	5.28 x
EV / EBITDA	-	-	25 x	20.3 x	20.2 x	14.5 x	11.9 x	10.1 x
EV / FCF	26.8 x	54.1 x	16.9 x	-	31.4 x	21.2 x	16.5 x	13.6 x
FCF Yield	3.73%	1.85%	5.92%	-	3.18%	4.71%	6.06%	7.35%
Price to Book	4.79 x	5.81 x	6.01 x	5.29 x	5.07 x	4.09 x	3.58 x	3.21 x
Nbr of stocks (in thousands)	42,339	42,505	45,428	46,760	47,466	47,689	-	-
Reference price ²	1,105	1,581	2,087	2,051	2,175	1,733	1,733	1,733
Announcement Date	19-05-14	20-05-14	21-05-14	22-05-13	23-05-12	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	5,573	5,956	7,195	7,894	8,494	9,219	10,859	12,596
EBITDA ¹	-	-	3,153	3,814	4,239	4,919	5,818	6,564
EBIT ¹	2,512	2,718	3,089	3,732	4,150	4,840	5,906	6,855
Operating Margin	45.07%	45.63%	42.93%	47.28%	48.86%	52.49%	54.39%	54.42%
Earnings before Tax (EBT) ¹	2,552	2,617	3,080	3,749	4,227	5,000	6,000	7,100
Net income ¹	1,651	2,301	2,004	2,463	2,864	3,221	3,888	4,536
Net margin	29.62%	38.63%	27.85%	31.2%	33.72%	34.94%	35.8%	36.01%
EPS ²	39.11	54.14	45.12	52.92	60.68	67.78	81.80	95.44
Free Cash Flow ¹	1,363	1,023	4,659	-	2,729	3,355	4,188	4,890
FCF margin	24.46%	17.18%	64.75%	-	32.13%	36.39%	38.57%	38.82%
FCF Conversion (EBITDA)	-	-	147.79%	-	64.38%	68.21%	71.99%	74.5%
FCF Conversion (Net income)	82.56%	44.46%	232.47%	-	95.29%	104.15%	107.72%	107.8%
Dividend per Share ²	13.00	14.00	22.00	26.00	34.00	35.00	37.67	43.29
Announcement Date	19-05-14	20-05-14	21-05-14	22-05-13	23-05-12	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: März	2020 S1	2020 S2	2021 S1	2021 S2	2022 Q2	2022 S1	2022 Q3	2022 Q4	2022 S2	2023 Q1	2023 Q2	2023 S1	2023 Q3	2023 Q4	2023 S2	2024 Q1	2024 Q2	2024 S1	2024 Q3	2024 Q4	2024 S2	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	2,907	3,049	3,451	3,744	1,933	3,847	2,017	2,030	4,047	2,040	2,110	4,150	2,149	2,195	4,345	2,240	2,261	4,501	2,320	2,371	4,699	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	1,292	1,426	1,503	1,586	938	1,805	1,014	913	1,927	1,005	1,012	2,017	1,155	977.7	2,134	1,151	1,197	2,348	1,283	1,204	2,452	-	-	-	-
Operating Margin	44.44%	46.77%	43.55%	42.36%	48.53%	46.92%	50.27%	44.98%	47.62%	49.26%	47.96%	48.6%	53.76%	44.54%	49.11%	51.38%	52.95%	52.17%	55.3%	50.8%	52.18%	-	-	-	-
Earnings before Tax (EBT)	1,272	-	1,461	-	-	1,809	1,002	-	-	1,019	-	2,054	1,196	-	-	1,169	-	2,360	1,286	-	-	-	-	-	-
Net income ¹	1,167	-	970	-	610	1,179	661	623	-	705	697	1,402	809.4	652.6	-	771.4	783.6	1,555	853	473.8	-	-	-	-	-
Net margin	40.14%	-	28.11%	-	31.56%	30.65%	32.77%	30.69%	-	34.56%	33.03%	33.78%	37.66%	29.73%	-	34.43%	34.66%	34.55%	36.77%	19.98%	-	-	-	-	-
EPS ²	27.46	-	22.37	-	13.00	25.45	14.16	13.31	-	15.01	14.76	29.77	17.12	13.79	-	16.24	16.48	32.72	17.94	9.981	-	-	-	-	-
Dividend per Share ²	-	-	-	-	-	-	-	26.00	-	-	-	-	-	34.00	-	-	-	-	-	35.00	-	-	-	-	36.00
Announcement Date	19-10-30	20-05-14	20-10-30	21-05-14	21-10-29	21-10-29	22-01-28	22-05-13	22-05-13	22-07-29	22-10-28	22-10-28	23-01-30	23-05-12	23-05-12	23-07-28	23-10-30	23-10-30	24-01-30	-	-	-	-	-	-

¹JPY in Million²JPY

Estimates

Balance Sheet Analysis

Fiscal Period: März	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	10,271	11,834	16,056	18,495	17,527	11,367	13,525	16,081
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	1,363	1,023	4,659	-	2,729	3,355	4,188	4,890
ROE (net income / shareholders' equity)	18.2%	21.5%	14.6%	14.5%	14.9%	16.2%	18.3%	19.1%
ROA (Net income/ Total Assets)	16.6%	16.7%	15.9%	15.7%	15.9%	11.5%	13.2%	14.4%
Assets ¹	9,961	13,747	12,578	15,664	18,024	28,010	29,454	31,502
Book Value Per Share ²	231.0	272.0	347.0	388.0	429.0	424.0	483.0	541.0
Cash Flow per Share	40.70	56.00	46.50	54.70	62.50	-	-	-
Capex ¹	492	13	21.1	106	509	100	100	100
Capex / Sales	8.83%	0.22%	0.29%	1.34%	5.99%	1.08%	0.92%	0.79%
Announcement Date	19-05-14	20-05-14	21-05-14	22-05-13	23-05-12	-	-	-

¹JPY in Million²JPY

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for eGuarantee, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1,733 JPY

Average target price

2,867 JPY

Spread / Average Target

+65.42%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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