Financials Ichinen Holdings Co.,Ltd.

Equities

9619

JP3142100001

Consumer Lending

Delayed Japan Exchange 08:21:13 2024-05-01 pm EDT 5-day change 1st Jan Change
1,717 JPY -3.86% Intraday chart for Ichinen Holdings Co.,Ltd. +3.31% +9.78%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 28,313 27,895 32,778 31,228 30,427 42,958 - -
Enterprise Value (EV) 1 102,626 111,492 117,475 117,237 116,712 42,236 42,958 42,958
P/E ratio 5.52 x 6.37 x 10.9 x 5.56 x 5.13 x 3.45 x 6.61 x 6.29 x
Yield 3.48% 4.01% 2.97% 3.53% 3.95% 3.42% 3.64% 3.92%
Capitalization / Revenue 0.32 x 0.28 x 0.29 x 0.26 x 0.24 x 0.31 x 0.3 x 0.29 x
EV / Revenue 0.32 x 0.28 x 0.29 x 0.26 x 0.24 x 0.31 x 0.3 x 0.29 x
EV / EBITDA 1,391,982 x 1,286,713 x 1,385,566 x - - - - -
EV / FCF -6,449,409 x -1,385,312 x -1,639,901 x - -2,065,364 x - - -
FCF Yield -0% -0% -0% - -0% - - -
Price to Book 0.84 x 0.76 x 0.83 x 0.72 x 0.63 x 0.7 x - -
Nbr of stocks (in thousands) 24,598 24,298 24,298 23,948 24,053 24,053 - -
Reference price 2 1,151 1,148 1,349 1,304 1,265 1,786 1,786 1,786
Announcement Date 5/8/19 5/1/20 4/30/21 5/2/22 5/2/23 5/1/24 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 87,773 98,715 112,618 120,644 127,822 138,253 141,000 148,000
EBITDA 20,340 21,679 23,657 - - - - -
EBIT 1 6,272 6,877 7,516 8,623 8,861 9,045 9,750 10,500
Operating Margin 7.15% 6.97% 6.67% 7.15% 6.93% 6.54% 6.91% 7.09%
Earnings before Tax (EBT) 7,401 6,709 4,885 8,668 8,983 15,272 - -
Net income 1 5,127 4,426 3,015 5,646 5,923 12,253 6,560 6,890
Net margin 5.84% 4.48% 2.68% 4.68% 4.63% 8.86% 4.65% 4.66%
EPS 2 208.4 180.1 124.1 234.4 246.6 509.5 270.4 284.0
Free Cash Flow -4,390 -20,136 -19,988 - -14,732 - - -
FCF margin -5% -20.4% -17.75% - -11.53% - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 40.00 46.00 40.00 46.00 50.00 60.00 65.00 70.00
Announcement Date 5/8/19 5/1/20 4/30/21 5/2/22 5/2/23 5/1/24 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2021 S1 2021 S2 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3 2024 Q1 2024 S1 2024 Q3
Net sales 1 45,810 54,210 58,408 59,047 31,688 30,286 61,772 33,220 32,010 63,525 37,117
EBITDA - - - - - - - - - - -
EBIT 1 3,467 3,582 3,934 4,721 2,403 2,212 4,916 2,308 1,915 4,231 2,301
Operating Margin 7.57% 6.61% 6.74% 8% 7.58% 7.3% 7.96% 6.95% 5.98% 6.66% 6.2%
Earnings before Tax (EBT) 1 3,426 1,267 - 4,735 2,656 2,342 5,026 2,303 2,065 4,436 8,312
Net income 1 2,160 743 - 3,064 1,786 1,498 3,226 1,481 1,583 3,123 7,380
Net margin 4.72% 1.37% - 5.19% 5.64% 4.95% 5.22% 4.46% 4.95% 4.92% 19.88%
EPS 2 87.82 30.58 - 126.4 74.51 62.55 134.5 61.57 65.83 129.9 306.8
Dividend per Share 20.00 20.00 - 23.00 - - 25.00 - - 30.00 -
Announcement Date 11/5/19 10/30/20 4/30/21 10/29/21 2/4/22 8/1/22 10/31/22 2/3/23 8/1/23 11/6/23 2/9/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 74,313 83,597 84,697 86,009 86,285 - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) 3.654 x 3.856 x 3.58 x - - - - -
Free Cash Flow -4,390 -20,136 -19,988 - -14,732 - - -
ROE (net income / shareholders' equity) 16% 12.5% 7.9% 13.6% 12.9% 22.5% - -
ROA (Net income/ Total Assets) 5.11% 4.98% 4.83% 5.28% 5.35% 5.05% - -
Assets 1 100,388 88,941 62,438 106,883 110,754 242,530 - -
Book Value Per Share 1,374 1,518 1,632 1,820 2,010 2,510 - -
Cash Flow per Share 769.0 771.0 777.0 936.0 965.0 1,252 - -
Capex 2,671 21,959 23,149 19,765 17,448 - - -
Capex / Sales 3.04% 22.24% 20.56% 16.38% 13.65% - - -
Announcement Date 5/8/19 5/1/20 4/30/21 5/2/22 5/2/23 5/1/24 - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
1,786 JPY
Average target price
2,450 JPY
Spread / Average Target
+37.18%
Consensus
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