Financials GREE, Inc.

Equities

3632

JP3274070006

Internet Services

Market Closed - Japan Exchange 02:00:00 2024-04-26 am EDT 5-day change 1st Jan Change
464 JPY +0.87% Intraday chart for GREE, Inc. +1.75% -18.60%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 118,144 105,524 128,592 142,717 108,783 79,302 - -
Enterprise Value (EV) 1 33,672 18,506 41,768 88,093 58,490 37,594 36,262 35,476
P/E ratio 33.8 x 39.2 x 9.57 x 15.1 x 11.8 x 33.4 x 16.5 x 16.6 x
Yield 2% 2.16% 2.13% 1.33% 1.72% 2.37% 2.44% 2.51%
Capitalization / Revenue 1.67 x 1.68 x 2.27 x 1.91 x 1.44 x 1.3 x 1.29 x 1.31 x
EV / Revenue 0.47 x 0.3 x 0.74 x 1.18 x 0.78 x 0.61 x 0.59 x 0.59 x
EV / EBITDA 5.27 x 4.77 x 6.74 x 7.27 x 4.56 x 7.16 x 7.16 x 7.58 x
EV / FCF 9.15 x 2.97 x 3.78 x 11.1 x 14.1 x 18 x 14.8 x 12.4 x
FCF Yield 10.9% 33.7% 26.5% 8.99% 7.1% 5.57% 6.76% 8.03%
Price to Book 1.05 x 0.93 x 1.04 x 1.58 x 1.18 x 0.85 x 0.84 x 0.83 x
Nbr of stocks (in thousands) 235,817 228,406 218,695 173,200 170,506 170,910 - -
Reference price 2 501.0 462.0 588.0 824.0 638.0 464.0 464.0 464.0
Announcement Date 8/2/19 8/20/20 8/6/21 8/4/22 8/3/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 70,936 62,665 56,766 74,906 75,440 61,199 61,245 60,540
EBITDA 1 6,393 3,878 6,194 12,116 12,830 5,250 5,064 4,681
EBIT 1 5,476 3,162 5,378 11,498 12,498 4,550 6,965 6,948
Operating Margin 7.72% 5.05% 9.47% 15.35% 16.57% 7.43% 11.37% 11.48%
Earnings before Tax (EBT) 1 5,531 6,031 13,398 14,598 12,693 5,000 4,000 4,000
Net income 1 3,485 2,709 13,533 10,121 9,278 2,436 4,874 4,828
Net margin 4.91% 4.32% 23.84% 13.51% 12.3% 3.98% 7.96% 7.97%
EPS 2 14.81 11.79 61.44 54.58 54.07 13.87 28.13 27.89
Free Cash Flow 1 3,682 6,236 11,063 7,919 4,151 2,092 2,450 2,850
FCF margin 5.19% 9.95% 19.49% 10.57% 5.5% 3.42% 4% 4.71%
FCF Conversion (EBITDA) 57.59% 160.8% 178.61% 65.36% 32.35% 39.86% 48.38% 60.88%
FCF Conversion (Net income) 105.65% 230.2% 81.75% 78.24% 44.74% 85.88% 50.27% 59.03%
Dividend per Share 2 10.00 10.00 12.50 11.00 11.00 11.00 11.33 11.67
Announcement Date 8/2/19 8/20/20 8/6/21 8/4/22 8/3/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2020 S1 2021 S1 2022 Q1 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
Net sales 1 32,235 28,914 13,674 19,510 33,184 20,847 20,875 16,590 16,579 33,169 22,151 20,120 15,787 14,240 30,027 15,963 13,310
EBITDA - - - - - - - - - - - - - - - - -
EBIT 1 1,991 2,155 1,553 2,525 4,078 3,578 3,842 1,584 1,733 3,317 4,223 4,958 1,225 810 2,035 1,450 764
Operating Margin 6.18% 7.45% 11.36% 12.94% 12.29% 17.16% 18.4% 9.55% 10.45% 10% 19.06% 24.64% 7.76% 5.69% 6.78% 9.08% 5.74%
Earnings before Tax (EBT) 5,449 4,396 2,420 - 5,127 4,270 - 2,428 - 2,410 4,710 - 1,590 - 2,080 - -
Net income 1 3,536 4,245 1,873 1,781 3,654 2,952 3,515 1,813 -879 934 3,233 5,111 1,183 -463 720 943 488
Net margin 10.97% 14.68% 13.7% 9.13% 11.01% 14.16% 16.84% 10.93% -5.3% 2.82% 14.6% 25.4% 7.49% -3.25% 2.4% 5.91% 3.67%
EPS 15.35 18.89 8.970 - 18.50 16.36 - 10.46 - 5.420 18.82 - 6.930 - 4.220 - -
Dividend per Share - - - - - - - - - - - - - - - - -
Announcement Date 2/3/20 2/12/21 11/5/21 2/7/22 2/7/22 5/12/22 8/4/22 11/1/22 2/8/23 2/8/23 5/11/23 8/3/23 11/2/23 2/7/24 2/7/24 - -
1JPY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 84,472 87,018 86,824 54,624 50,293 41,709 43,041 43,826
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 3,682 6,236 11,063 7,919 4,151 2,093 2,450 2,850
ROE (net income / shareholders' equity) 3.1% 2.4% 11.6% 9.6% 10.2% 2.57% 5.18% 4.97%
ROA (Net income/ Total Assets) 4.62% 3.39% 8.29% 10.9% 10.8% 2.18% 2.39% 2.17%
Assets 1 75,438 79,935 163,328 92,600 85,625 112,023 203,592 222,888
Book Value Per Share 2 479.0 496.0 567.0 522.0 539.0 547.0 553.0 557.0
Cash Flow per Share 2 17.50 14.50 64.80 57.50 56.00 15.70 30.00 35.90
Capex 1 1,141 300 50 1,350 429 999 1,366 1,466
Capex / Sales 1.61% 0.48% 0.09% 1.8% 0.57% 1.63% 2.23% 2.42%
Announcement Date 8/2/19 8/20/20 8/6/21 8/4/22 8/3/23 - - -
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
HOLD
Number of Analysts
4
Last Close Price
464 JPY
Average target price
628.8 JPY
Spread / Average Target
+35.51%
Consensus