CHANGE HOLDINGS,INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,190 JPY | -0.67% |
|
+6.73% | -16.20% |
| Apr. 01 | Worsening Business Optimism Drags Japanese Shares Below 40,000 | MT |
| Apr. 01 | Change to Receive 11 Billion Yen Dividend Income From Trustbank Subsidiary; Shares Down 4% | MT |
Valuation
| Fiscal Period: Maart | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Capitalization 1 | 52,319 | 43,571 | 258,062 | 143,732 | 169,628 |
| Enterprise Value (EV) 1 | 51,512 | 38,652 | 232,119 | 114,975 | 149,626 |
| P/E ratio | 152 x | 21.8 x | 61.9 x | 39.3 x | 44.7 x |
| Yield | - | - | - | 0.45% | 0.3% |
| Capitalization / Revenue | 7.42 x | 4.13 x | 16.5 x | 9.26 x | 8.47 x |
| EV / Revenue | 7.3 x | 3.67 x | 14.8 x | 7.4 x | 7.47 x |
| EV / EBITDA | 32.1 x | 8.07 x | 34.2 x | 19.3 x | 22.9 x |
| EV / FCF | - | 8,162,639 x | 84,383,751 x | - | -36,048,052 x |
| FCF Yield | - | 0% | 0% | - | -0% |
| Price to Book | 10.8 x | 5.48 x | 8.44 x | 4.29 x | 4.65 x |
| Nbr of stocks (in thousands) | 54,784 | 63,078 | 72,591 | 72,336 | 72,336 |
| Reference price 2 | 955.0 | 690.8 | 3,555 | 1,987 | 2,345 |
| Announcement Date | 12/19/19 | 12/25/20 | 12/24/21 | 6/27/22 | 6/28/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Maart | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Net sales 1 | 7,054 | 10,542 | 15,653 | 15,530 | 20,021 |
| EBITDA 1 | 1,604 | 4,789 | 6,791 | 5,972 | 6,534 |
| EBIT 1 | 1,082 | 4,217 | 6,048 | 5,364 | 5,562 |
| Operating Margin | 15.34% | 40% | 38.64% | 34.54% | 27.78% |
| Earnings before Tax (EBT) 1 | 937 | 4,159 | 5,910 | 5,208 | 5,652 |
| Net income 1 | 378 | 2,049 | 4,104 | 3,729 | 3,856 |
| Net margin | 5.36% | 19.44% | 26.22% | 24.01% | 19.26% |
| EPS 2 | 6.268 | 31.64 | 57.41 | 50.50 | 52.41 |
| Free Cash Flow | - | 4,735 | 2,751 | - | -4,151 |
| FCF margin | - | 44.92% | 17.57% | - | -20.73% |
| FCF Conversion (EBITDA) | - | 98.88% | 40.51% | - | - |
| FCF Conversion (Net income) | - | 231.1% | 67.03% | - | - |
| Dividend per Share | - | - | - | 9.000 | 7.000 |
| Announcement Date | 12/19/19 | 12/25/20 | 12/24/21 | 6/27/22 | 6/28/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2021 S2 | 2022 Q3 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2024 Q1 | 2024 S1 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,185 | 10,262 | - | 7,932 | 2,762 | 3,175 | 5,937 | 9,582 | 5,118 | 14,657 | 14,141 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 2,610 | 5,319 | - | 4,782 | -18 | 153 | 135 | 5,095 | 717 | 4,329 | 5,960 |
| Operating Margin | 42.2% | 51.83% | - | 60.29% | -0.65% | 4.82% | 2.27% | 53.17% | 14.01% | 29.54% | 42.15% |
| Earnings before Tax (EBT) 1 | 2,623 | 5,264 | - | 4,773 | -23 | - | 120 | 5,049 | 1,136 | 4,377 | 5,906 |
| Net income 1 | 1,138 | 3,467 | - | 3,265 | 51 | - | 168 | 3,455 | 855 | 3,131 | 3,851 |
| Net margin | 18.4% | 33.78% | - | 41.16% | 1.85% | - | 2.83% | 36.06% | 16.71% | 21.36% | 27.23% |
| EPS 2 | 18.10 | 51.69 | - | 45.24 | 0.7100 | - | 2.330 | 47.77 | 11.82 | 43.28 | 53.23 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 5/15/20 | 5/13/21 | 11/15/21 | 2/10/22 | 8/15/22 | 11/11/22 | 11/11/22 | 2/14/23 | 8/14/23 | 11/14/23 | 2/14/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - |
| Net Cash position 1 | 807 | 4,919 | 25,943 | 28,757 | 20,002 |
| Leverage (Debt/EBITDA) | - | - | - | - | - |
| Free Cash Flow | - | 4,735 | 2,751 | - | -4,151 |
| ROE (net income / shareholders' equity) | - | 35.3% | 19.7% | - | 10.4% |
| ROA (Net income/ Total Assets) | - | 18.8% | 13.4% | - | 7.27% |
| Assets 1 | - | 10,880 | 30,660 | - | 53,062 |
| Book Value Per Share 2 | 88.50 | 126.0 | 421.0 | 463.0 | 504.0 |
| Cash Flow per Share 2 | 60.90 | 120.0 | 383.0 | 420.0 | 317.0 |
| Capex 1 | 46 | 27 | 142 | 358 | 2,244 |
| Capex / Sales | 0.65% | 0.26% | 0.91% | 2.31% | 11.21% |
| Announcement Date | 12/19/19 | 12/25/20 | 12/24/21 | 6/27/22 | 6/28/23 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -16.20% | 547M | |
| -12.23% | 194B | |
| +0.74% | 166B | |
| +2.19% | 153B | |
| +4.34% | 99.85B | |
| +7.04% | 77.56B | |
| +19.09% | 73.55B | |
| -7.30% | 71B | |
| -20.54% | 52.81B | |
| +0.53% | 47.86B |
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