Financials GMO Payment Gateway, Inc.

Equities

3769

JP3385890003

Business Support Services

Market Closed - Japan Exchange 02:00:00 2024-06-12 am EDT 5-day change 1st Jan Change
7,010 JPY -2.69% Intraday chart for GMO Payment Gateway, Inc. -6.66% -28.45%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 531,851 827,109 1,075,448 754,633 620,164 546,408 - -
Enterprise Value (EV) 1 497,036 767,024 986,083 663,665 515,856 440,226 432,394 423,775
P/E ratio 101 x 108 x 120 x 31.2 x 46 x 33.2 x 26.5 x 21.7 x
Yield 0.5% 0.46% 0.42% 1.61% 1.09% 1.48% 1.81% 2.19%
Capitalization / Revenue 16.6 x 25 x 25.8 x 15 x 9.83 x 7.34 x 6.2 x 5.2 x
EV / Revenue 15.5 x 23.2 x 23.7 x 13.2 x 8.17 x 5.91 x 4.9 x 4.03 x
EV / EBITDA 52.8 x 64.4 x 66.3 x 36.1 x 22.7 x 15.4 x 12.6 x 10.3 x
EV / FCF -2,471 x 17.3 x -115 x 127 x 21.6 x 31 x 23.9 x 20 x
FCF Yield -0.04% 5.76% -0.87% 0.79% 4.63% 3.22% 4.18% 5.01%
Price to Book 20.1 x 26.1 x 19.3 x 8.66 x 6.72 x 5.35 x 4.74 x 4.13 x
Nbr of stocks (in thousands) 73,562 73,586 75,843 75,843 75,842 75,848 - -
Reference price 2 7,230 11,240 14,180 9,950 8,177 7,204 7,204 7,204
Announcement Date 11/12/19 11/11/20 11/11/21 11/14/22 11/13/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 32,121 33,046 41,667 50,298 63,119 74,437 88,174 105,035
EBITDA 1 9,415 11,909 14,884 18,397 22,725 28,642 34,225 41,030
EBIT 1 8,301 10,388 12,987 16,249 20,312 25,219 31,301 38,157
Operating Margin 25.84% 31.43% 31.17% 32.31% 32.18% 33.88% 35.5% 36.33%
Earnings before Tax (EBT) 1 8,039 10,989 13,285 34,756 20,636 25,005 31,434 38,126
Net income 1 5,267 7,624 8,818 24,152 13,475 16,174 20,445 24,951
Net margin 16.4% 23.07% 21.16% 48.02% 21.35% 21.73% 23.19% 23.76%
EPS 2 71.61 103.6 118.0 318.4 177.7 216.7 272.2 332.6
Free Cash Flow 1 -201.2 44,217 -8,574 5,212 23,891 14,190 18,082 21,228
FCF margin -0.63% 133.8% -20.58% 10.36% 37.85% 19.06% 20.51% 20.21%
FCF Conversion (EBITDA) - 371.3% - 28.33% 105.13% 49.54% 52.83% 51.74%
FCF Conversion (Net income) - 579.97% - 21.58% 177.3% 87.73% 88.44% 85.08%
Dividend per Share 2 36.00 52.00 59.00 160.0 89.00 106.3 130.3 157.4
Announcement Date 11/12/19 11/11/20 11/11/21 11/14/22 11/13/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September 2020 S1 2020 S2 2021 S1 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 18,386 14,660 19,888 11,857 12,202 24,059 12,897 13,342 26,239 14,813 15,641 30,454 16,546 16,119 17,785 18,314 36,099 19,088 19,426 20,897 20,906
EBITDA - - - - - - - - - - - - - - - - - - - - -
EBIT 1 4,704 5,684 6,593 4,116 4,160 8,276 4,512 3,461 7,973 5,090 5,260 10,350 5,672 4,290 5,830 6,822 12,652 6,826 5,873 7,559 8,031
Operating Margin 25.58% 38.77% 33.15% 34.71% 34.09% 34.4% 34.98% 25.94% 30.39% 34.36% 33.63% 33.99% 34.28% 26.61% 32.78% 37.25% 35.05% 35.76% 30.23% 36.17% 38.42%
Earnings before Tax (EBT) 1 5,247 5,742 6,638 4,299 4,392 8,691 21,809 4,256 - 4,687 5,169 9,856 6,098 4,682 5,919 7,199 13,118 6,942 5,832 - -
Net income 3,408 4,216 4,169 2,517 3,001 5,518 15,611 3,023 - 2,447 3,682 6,129 4,386 2,960 3,447 - 8,328 - - - -
Net margin 18.54% 28.76% 20.96% 21.23% 24.59% 22.94% 121.04% 22.66% - 16.52% 23.54% 20.13% 26.51% 18.36% 19.38% - 23.07% - - - -
EPS 2 46.33 - 56.37 33.19 39.58 72.77 205.8 39.85 - 32.27 48.54 80.81 57.84 39.03 45.46 64.35 109.8 63.60 54.69 66.26 70.85
Dividend per Share - - - - - - - 160.0 - - - - - 89.00 - - - - - - -
Announcement Date 5/12/20 11/11/20 5/12/21 2/10/22 5/12/22 5/12/22 8/8/22 11/14/22 11/14/22 2/13/23 5/11/23 5/11/23 8/9/23 11/13/23 2/13/24 5/10/24 5/10/24 - - - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 34,815 60,085 89,365 90,968 104,308 106,181 114,014 122,633
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -201 44,217 -8,574 5,212 23,891 14,190 18,083 21,229
ROE (net income / shareholders' equity) 20.5% 26.2% 20.1% 33.8% 15% 17% 19.4% 21%
ROA (Net income/ Total Assets) 6.26% 6.62% 6.52% 14.2% 7.3% 5.3% 6.28% 6.84%
Assets 1 84,141 115,172 135,233 169,855 184,714 305,167 325,588 364,610
Book Value Per Share 2 360.0 431.0 736.0 1,149 1,217 1,346 1,519 1,745
Cash Flow per Share 2 86.70 124.0 143.0 347.0 209.0 43.20 145.0 175.0
Capex 1 1,513 4,971 1,923 2,971 4,628 4,224 5,165 5,709
Capex / Sales 4.71% 15.04% 4.61% 5.91% 7.33% 5.67% 5.86% 5.44%
Announcement Date 11/12/19 11/11/20 11/11/21 11/14/22 11/13/23 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
7,204 JPY
Average target price
10,718 JPY
Spread / Average Target
+48.78%
Consensus
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  4. Financials GMO Payment Gateway, Inc.