Financials Japan Exchange Group, Inc.

Equities

8697

JP3183200009

Financial & Commodity Market Operators

Delayed Japan Exchange 20:13:05 2024-06-12 EDT 5-day change 1st Jan Change
3,741 JPY +0.86% Intraday chart for Japan Exchange Group, Inc. -2.25% +25.41%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,056,798 1,020,549 1,389,057 1,205,931 1,058,225 1,899,150 - -
Enterprise Value (EV) 1 932,253 883,719 1,216,508 1,047,044 1,012,386 2,112,595 1,756,165 1,734,463
P/E ratio 21.5 x 21.4 x 27 x 24.2 x 22.9 x 35.2 x 31.2 x 30.1 x
Yield 3.55% 2.83% 2.62% 3.15% 3.12% 2.21% 2.01% 2.09%
Capitalization / Revenue 8.72 x 8.25 x 10.4 x 8.9 x 7.9 x 13.8 x 11.6 x 11.2 x
EV / Revenue 7.7 x 7.14 x 9.12 x 7.73 x 7.56 x 13.8 x 10.7 x 10.3 x
EV / EBITDA 11.4 x 10.4 x 13.3 x 11.5 x 11.6 x 20 x 16.3 x 15.7 x
EV / FCF 19,168,365 x 15,870,818 x 17,320,049 x 18,748,432 x - - - -
FCF Yield 0% 0% 0% 0% - - - -
Price to Book 3.71 x 3.42 x 4.32 x 3.82 x 3.37 x 6.51 x 5.5 x 5.15 x
Nbr of stocks (in thousands) 535,630 535,440 535,282 527,529 524,263 512,038 - -
Reference price 2 1,973 1,906 2,595 2,286 2,018 3,709 3,709 3,709
Announcement Date 19-04-26 20-04-30 21-04-28 22-04-26 23-04-27 24-04-30 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 121,134 123,688 133,343 135,432 133,991 152,871 163,400 169,141
EBITDA 1 81,731 85,032 91,348 90,998 87,224 105,742 107,735 110,560
EBIT 1 69,535 68,533 74,565 73,473 68,253 87,444 88,461 90,951
Operating Margin 57.4% 55.41% 55.92% 54.25% 50.94% 57.2% 54.14% 53.77%
Earnings before Tax (EBT) 1 70,786 69,095 74,732 73,429 68,207 87,404 90,107 93,514
Net income 1 49,057 47,609 51,389 49,955 46,342 60,822 61,778 64,124
Net margin 40.5% 38.49% 38.54% 36.89% 34.59% 39.79% 37.81% 37.91%
EPS 2 91.58 88.91 96.00 94.35 88.03 116.9 118.7 123.2
Free Cash Flow 48,635 55,682 70,237 55,847 - - - -
FCF margin 40.15% 45.02% 52.67% 41.24% - - - -
FCF Conversion (EBITDA) 59.51% 65.48% 76.89% 61.37% - - - -
FCF Conversion (Net income) 99.14% 116.96% 136.68% 111.79% - - - -
Dividend per Share 2 70.00 54.00 68.00 72.00 63.00 91.00 74.55 77.46
Announcement Date 19-04-26 20-04-30 21-04-28 22-04-26 23-04-27 24-04-30 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: März 2020 S1 2021 S1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Net sales 1 57,936 63,834 33,003 65,506 35,080 34,846 33,576 32,910 66,486 34,043 33,462 36,953 36,432 73,385 38,254 41,232 41,385 41,727 42,246 41,739
EBITDA - - - - - - - - - - - - - - - 26,013 - - - -
EBIT 1 31,870 35,191 17,592 36,051 19,916 17,506 17,777 16,350 34,127 17,638 16,488 25,038 19,461 44,499 21,543 21,402 23,276 24,014 24,745 21,562
Operating Margin 55.01% 55.13% 53.3% 55.03% 56.77% 50.24% 52.95% 49.68% 51.33% 51.81% 49.27% 67.76% 53.42% 60.64% 56.32% 51.91% 56.24% 57.55% 58.57% 51.66%
Earnings before Tax (EBT) 32,011 35,225 - 36,044 19,892 - 17,790 - 34,122 17,614 - 25,068 - 44,506 21,518 - - - - -
Net income 21,573 23,787 12,273 24,564 13,449 - 12,089 - 23,189 11,986 - 17,736 - 31,432 15,159 - - - - -
Net margin 37.24% 37.26% 37.19% 37.5% 38.34% - 36% - 34.88% 35.21% - 48% - 42.83% 39.63% - - - - -
EPS 2 40.29 44.44 23.21 46.23 25.48 22.64 22.93 21.08 44.01 22.75 21.27 34.08 26.33 60.41 29.13 27.35 31.29 32.28 33.27 28.98
Dividend per Share 24.00 26.00 - 26.00 - - - - 26.00 - - - - 31.00 - - - - - -
Announcement Date 19-10-30 20-10-28 21-10-27 21-10-27 22-01-27 22-04-26 22-07-27 22-10-27 22-10-27 23-01-30 23-04-27 23-07-28 23-10-26 23-10-26 24-01-29 24-04-30 - - - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 124,545 136,830 172,549 158,887 45,839 113,331 142,985 164,686
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 48,635 55,682 70,237 55,847 - - - -
ROE (net income / shareholders' equity) 17.6% 16.3% 16.6% 15.7% 14.7% 19% 17.6% 17.4%
ROA (Net income/ Total Assets) 0.15% 0.11% 0.12% 0.11% 0.09% 0.11% 0.1% 0.1%
Assets 1 33,052,823 41,809,959 43,791,223 44,742,499 52,198,693 56,668,220 61,778,378 64,123,760
Book Value Per Share 532.0 557.0 600.0 598.0 599.0 631.0 675.0 721.0
Cash Flow per Share 114.0 120.0 127.0 127.0 124.0 152.0 - -
Capex 4,143 1,199 2,880 2,344 11,301 - 16,295 16,732
Capex / Sales 3.42% 0.97% 2.16% 1.73% 8.43% - 9.97% 9.89%
Announcement Date 19-04-26 20-04-30 21-04-28 22-04-26 23-04-27 24-04-30 - -
1JPY in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
4
Last Close Price
3,709 JPY
Average target price
3,518 JPY
Spread / Average Target
-5.16%
Consensus
  1. Stock Market
  2. Equities
  3. 8697 Stock
  4. Financials Japan Exchange Group, Inc.