Financials Chugoku Bank Japan Exchange

Equities

8382

JP3521000004

Banks

Delayed Japan Exchange Other stock markets 01:43:08 2024-05-02 am EDT			5-day change	1st Jan Change
1,299 ^JPY	-0.99%		-0.30%	+42.17%

2023	Tranche Update on Chugin Financial Group,Inc.'s Equity Buyback Plan announced on May 12, 2023.	CI
2023	Chugin Financial Group,Inc.'s Equity Buyback announced on May 12, 2023, has closed with 1,938,900 shares, representing 1.06% for ¥1,999.92 million.	CI

Valuation

Fiscal Period: Marzo	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	196,171	181,102	175,835	162,532	163,310	238,734	-	-
Enterprise Value (EV) ¹	196,171	181,102	175,835	162,532	163,310	238,734	238,734	238,734
P/E ratio	12.1 x	15.2 x	12.2 x	8.89 x	8.01 x	12.3 x	10.1 x	8.3 x
Yield	2.12%	2.28%	2.46%	3.2%	1.8%	2.29%	2.55%	3.01%
Capitalization / Revenue	1.53 x	1.42 x	1.5 x	1.26 x	0.89 x	1.43 x	1.27 x	1.16 x
EV / Revenue	1.53 x	1.42 x	1.5 x	1.26 x	0.89 x	1.43 x	1.27 x	1.16 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.36 x	0.35 x	0.31 x	0.29 x	0.31 x	0.44 x	0.42 x	0.41 x
Nbr of stocks (in thousands)	188,807	188,060	188,059	185,751	183,700	181,962	-	-
Reference price ²	1,039	963.0	935.0	875.0	889.0	1,312	1,312	1,312
Announcement Date	5/14/19	5/14/20	5/14/21	5/13/22	5/12/23	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Marzo	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	128,621	127,318	116,976	128,565	183,586	167,000	187,800	205,600
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	28,001	17,463	21,252	-	63,444	25,900	31,400	39,700
Operating Margin	21.77%	13.72%	18.17%	-	34.56%	15.51%	16.72%	19.31%
Earnings before Tax (EBT) ¹	23,421	16,824	20,910	25,409	29,503	27,500	34,800	42,300
Net income ¹	16,199	11,916	14,418	18,374	20,477	19,450	23,550	28,350
Net margin	12.59%	9.36%	12.33%	14.29%	11.15%	11.65%	12.54%	13.79%
EPS ²	85.67	63.35	76.66	98.43	111.0	106.4	129.8	158.0
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	22.00	22.00	23.00	28.00	16.00	30.00	33.50	39.50
Announcement Date	5/14/19	5/14/20	5/14/21	5/13/22	5/12/23	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2020 S1	2021 S1	2022 S1	2022 Q3	2023 Q1	2023 S1	2024 Q1	2024 S1	2024 Q3
Net sales ¹	63,780	58,173	60,594	32,131	53,787	91,459	43,854	88,355	47,749
EBITDA	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	12,646	11,825	14,703	9,879	12,091	19,887	10,217	14,941	11,254
Net income ¹	8,644	8,226	10,179	7,653	8,340	13,948	7,197	10,436	7,937
Net margin	13.55%	14.14%	16.8%	23.82%	15.51%	15.25%	16.41%	11.81%	16.62%
EPS ²	45.95	43.74	54.35	41.02	44.98	75.36	39.17	56.89	43.53
Dividend per Share	11.00	11.00	11.50	-	-	14.00	-	15.00	-
Announcement Date	11/8/19	11/13/20	11/12/21	2/4/22	7/28/22	11/11/22	7/28/23	11/10/23	2/2/24

¹JPY in Million²JPY

Estimates

Balance Sheet Analysis

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	3%	2.2%	2.6%	3.2%	3.7%	3.7%	4.3%	5%
ROA (Net income/ Total Assets)	0.28%	0.21%	0.25%	0.27%	0.18%	0.3%	0.4%	0.4%
Assets ¹	5,715,344	5,595,680	5,868,610	6,893,266	11,189,617	6,483,333	5,887,500	7,087,500
Book Value Per Share ²	2,854	2,717	2,988	2,973	2,872	2,984	3,089	3,221
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	5/14/19	5/14/20	5/14/21	5/13/22	5/12/23	-	-	-

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 Chugoku Bank

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1,312 JPY

Average target price

1,635 JPY

Spread / Average Target

+24.62%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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