JAPAN POST INSURANCE CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,960 JPY | +0.29% |
|
+3.05% | +18.19% |
| Apr. 25 | Japan's life insurers edge up JGB purchase pace with yields expected to rise | RE |
| Apr. 12 | Japan Post Insurance Sets Terms for 100 Billion Yen Unsecured Bonds | MT |
Valuation
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,437,034 | 754,195 | 1,278,972 | 853,422 | 791,052 | 1,132,794 | - | - |
| Enterprise Value (EV) 1 | 1,437,034 | 754,195 | 1,278,972 | 853,422 | 791,052 | 1,132,794 | 1,132,794 | 1,132,794 |
| P/E ratio | 11.9 x | 5.01 x | 7.7 x | 5.69 x | 8.29 x | 13.7 x | 13.6 x | 12.1 x |
| Yield | 3.01% | 5.67% | 3.34% | 4.21% | 4.45% | 3.2% | 3.29% | 3.48% |
| Capitalization / Revenue | 0.18 x | 0.1 x | 0.19 x | 0.13 x | 0.12 x | 0.17 x | 0.18 x | 0.19 x |
| EV / Revenue | 0.18 x | 0.1 x | 0.19 x | 0.13 x | 0.12 x | 0.17 x | 0.18 x | 0.19 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | -522,844 x | -286,461 x | -450,435 x | - | - | - | - | - |
| FCF Yield | -0% | -0% | -0% | - | - | - | - | - |
| Price to Book | 0.67 x | 0.39 x | 0.45 x | 0.35 x | 0.33 x | 0.43 x | 0.42 x | 0.41 x |
| Nbr of stocks (in thousands) | 600,014 | 562,412 | 562,433 | 399,542 | 382,706 | 382,765 | - | - |
| Reference price 2 | 2,395 | 1,341 | 2,274 | 2,136 | 2,067 | 2,960 | 2,960 | 2,960 |
| Announcement Date | 5/15/19 | 5/15/20 | 5/14/21 | 5/13/22 | 5/15/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,916,655 | 7,211,405 | 6,786,226 | 6,454,200 | 6,379,500 | 6,487,460 | 6,133,334 | 6,042,432 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 264,870 | 286,601 | 345,736 | 356,100 | 117,500 | 155,769 | 187,680 | 202,674 |
| Operating Margin | 3.35% | 3.97% | 5.09% | 5.52% | 1.84% | 2.4% | 3.06% | 3.35% |
| Earnings before Tax (EBT) 1 | 170,605 | 216,607 | 233,537 | 220,500 | 137,829 | 115,122 | 114,656 | 130,384 |
| Net income 1 | 120,480 | 150,687 | 166,103 | 158,000 | 97,600 | 83,164 | 82,816 | 93,050 |
| Net margin | 1.52% | 2.09% | 2.45% | 2.45% | 1.53% | 1.28% | 1.35% | 1.54% |
| EPS 2 | 200.9 | 267.4 | 295.3 | 375.1 | 249.5 | 216.7 | 217.5 | 245.4 |
| Free Cash Flow | -2,748,497 | -2,632,800 | -2,839,412 | - | - | - | - | - |
| FCF margin | -34.72% | -36.51% | -41.84% | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 72.00 | 76.00 | 76.00 | 90.00 | 92.00 | 94.67 | 97.38 | 103.0 |
| Announcement Date | 5/15/19 | 5/15/20 | 5/14/21 | 5/13/22 | 5/15/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: März | 2020 S1 | 2021 S1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 3,661,332 | 3,385,358 | 1,560,989 | 3,226,121 | 1,594,920 | 1,633,159 | - | 1,608,948 | 1,593,495 | 3,202,443 | 1,595,588 | 1,581,469 | - | 1,593,781 | 1,520,180 | 3,113,961 | 1,446,786 | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | 91,723 | - | 86,214 | 86,003 | - | 13,450 | 21,091 | - | 44,244 | 38,715 | - | 43,245 | 56,066 | - | 26,112 | 30,346 |
| Operating Margin | - | - | 5.88% | - | 5.41% | 5.27% | - | 0.84% | 1.32% | - | 2.77% | 2.45% | - | 2.71% | 3.69% | - | 1.8% | - |
| Earnings before Tax (EBT) | 112,766 | 142,856 | - | 112,062 | 54,557 | - | - | 28,342 | - | 88,639 | 19,249 | 29,941 | - | 30,244 | - | 71,913 | 20,846 | - |
| Net income 1 | 76,312 | 93,673 | 39,285 | 80,500 | 39,025 | 38,475 | - | 11,630 | 36,663 | 48,293 | 27,909 | 21,398 | 49,321 | 21,038 | 29,399 | 50,437 | 14,717 | 8,700 |
| Net margin | 2.08% | 2.77% | 2.52% | 2.5% | 2.45% | 2.36% | - | 0.72% | 2.3% | 1.51% | 1.75% | 1.35% | - | 1.32% | 1.93% | 1.62% | 1.02% | - |
| EPS 2 | 135.2 | 166.6 | 97.09 | 181.8 | 97.13 | 96.17 | - | 29.12 | 92.51 | 121.6 | 71.85 | 56.00 | 127.9 | 54.97 | 76.81 | 131.8 | 38.45 | 33.82 |
| Dividend per Share | 38.00 | - | - | 45.00 | - | - | 45.00 | - | 46.00 | 46.00 | - | 46.00 | - | - | 47.00 | 47.00 | - | - |
| Announcement Date | 11/14/19 | 11/13/20 | 11/12/21 | 11/12/21 | 2/14/22 | 5/13/22 | 5/13/22 | 8/10/22 | 11/11/22 | 11/11/22 | 2/14/23 | 5/15/23 | 5/15/23 | 8/10/23 | 11/13/23 | 11/13/23 | 2/14/24 | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | -2,748,497 | -2,632,800 | -2,839,412 | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 5.8% | 7.4% | 7% | 6% | 4.1% | 3.1% | 2.91% | 3.29% |
| ROA (Net income/ Total Assets) | 0.35% | 0.39% | 0.49% | 0.52% | 0.18% | 0.17% | 0.13% | 0.15% |
| Assets 1 | 34,282,787 | 38,268,742 | 34,071,711 | 30,468,991 | 53,901,806 | 49,649,990 | 63,704,826 | 61,216,947 |
| Book Value Per Share 2 | 3,560 | 3,429 | 5,052 | 6,060 | 6,207 | 6,907 | 7,004 | 7,146 |
| Cash Flow per Share | 298.0 | 369.0 | 401.0 | 505.0 | 350.0 | - | - | - |
| Capex | 56,787 | 42,586 | 33,110 | 31,958 | 36,794 | - | - | - |
| Capex / Sales | 0.72% | 0.59% | 0.49% | 0.5% | 0.58% | - | - | - |
| Announcement Date | 5/15/19 | 5/15/20 | 5/14/21 | 5/13/22 | 5/15/23 | - | - | - |
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
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
2,960
JPY
Average target price
3,013
JPY
Spread / Average Target
+1.82%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +18.19% | 7.2B | |
| +3.05% | 95.15B | |
| +1.78% | 94.71B | |
| -20.65% | 77.24B | |
| +18.68% | 74.93B | |
| +6.69% | 30.04B | |
| +18.06% | 27.87B | |
| +4.32% | 26.97B | |
| -1.21% | 16.99B | |
| -9.10% | 15.16B |
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- Financials Japan Post Insurance Co., Ltd.
