OPEN HOUSE GROUP CO., LTD. Financials Open House Group Co., Ltd.
Equities
3288
JP3173540000
Real Estate Development & Operations
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,725 JPY | +1.57% |
|
+5.61% | +12.96% |
| Apr. 16 | Open House Group to Issue Stock Purchase Rights to Officers, Staff | MT |
| Apr. 11 | R&I Upgrades Open House Group's Credit Rating to BBB | MT |
Valuation
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 284,456 | 460,056 | 834,775 | 574,891 | 611,744 | 561,432 | - | - |
| Enterprise Value (EV) 1 | 397,444 | 512,107 | 934,219 | 734,546 | 785,001 | 764,582 | 765,032 | 764,532 |
| P/E ratio | 7.33 x | 7.23 x | 12 x | 7.82 x | 6.64 x | 5.91 x | 6.09 x | 5.57 x |
| Yield | 4.9% | 2.11% | 1.69% | 2.64% | 3.23% | 3.59% | 3.68% | 3.72% |
| Capitalization / Revenue | 0.53 x | 0.8 x | 1.03 x | 0.6 x | 0.53 x | 0.42 x | 0.4 x | 0.38 x |
| EV / Revenue | 0.74 x | 0.89 x | 1.15 x | 0.77 x | 0.68 x | 0.58 x | 0.55 x | 0.51 x |
| EV / EBITDA | 6.82 x | 8.17 x | 9.15 x | 6.08 x | 5.46 x | 5.73 x | 5.17 x | 4.44 x |
| EV / FCF | 41.6 x | 20.7 x | 12.7 x | -35.5 x | -14.8 x | 42.5 x | 21.1 x | -25.5 x |
| FCF Yield | 2.4% | 4.83% | 7.89% | -2.82% | -6.75% | 2.35% | 4.74% | -3.92% |
| Price to Book | 1.03 x | 2.05 x | 2.84 x | 1.75 x | 1.47 x | 1.17 x | 1.03 x | 0.92 x |
| Nbr of stocks (in thousands) | 110,511 | 121,067 | 126,099 | 117,444 | 120,564 | 118,821 | - | - |
| Reference price 2 | 2,574 | 3,800 | 6,620 | 4,895 | 5,074 | 4,725 | 4,725 | 4,725 |
| Announcement Date | 11/14/19 | 11/13/20 | 11/12/21 | 11/14/22 | 11/14/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 540,376 | 575,951 | 810,540 | 952,686 | 1,148,484 | 1,325,980 | 1,396,960 | 1,495,400 |
| EBITDA 1 | 58,296 | 62,663 | 102,056 | 120,733 | 143,841 | 133,500 | 148,000 | 172,000 |
| EBIT 1 | 57,779 | 62,129 | 101,103 | 119,358 | 142,330 | 131,180 | 144,360 | 155,975 |
| Operating Margin | 10.69% | 10.79% | 12.47% | 12.53% | 12.39% | 9.89% | 10.33% | 10.43% |
| Earnings before Tax (EBT) 1 | 55,699 | 77,357 | 101,970 | 120,988 | 136,901 | 135,075 | 139,925 | 150,350 |
| Net income 1 | 39,405 | 59,491 | 69,582 | 77,884 | 92,050 | 95,420 | 91,440 | 98,025 |
| Net margin | 7.29% | 10.33% | 8.58% | 8.18% | 8.01% | 7.2% | 6.55% | 6.56% |
| EPS 2 | 351.2 | 525.4 | 552.4 | 626.2 | 763.7 | 799.2 | 775.8 | 848.3 |
| Free Cash Flow 1 | 9,544 | 24,739 | 73,664 | -20,720 | -52,968 | 18,000 | 36,250 | -30,000 |
| FCF margin | 1.77% | 4.3% | 9.09% | -2.17% | -4.61% | 1.36% | 2.59% | -2.01% |
| FCF Conversion (EBITDA) | 16.37% | 39.48% | 72.18% | - | - | 13.48% | 24.49% | - |
| FCF Conversion (Net income) | 24.22% | 41.58% | 105.87% | - | - | 18.86% | 39.64% | - |
| Dividend per Share 2 | 126.0 | 80.00 | 112.0 | 129.0 | 164.0 | 169.7 | 174.1 | 176.0 |
| Announcement Date | 11/14/19 | 11/13/20 | 11/12/21 | 11/14/22 | 11/14/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: September | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q4 | 2021 S2 | 2022 Q1 | 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 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 297,530 | 261,922 | 314,029 | 363,945 | 226,782 | 446,595 | 235,255 | 220,156 | 455,411 | 211,722 | 285,553 | 497,275 | 248,198 | 293,596 | 541,794 | 243,536 | 363,154 | 606,690 | 304,846 | 319,084 | 614,400 | 310,800 | 393,800 | 710,575 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 33,982 | 27,035 | 35,094 | 41,614 | 28,261 | 59,489 | 35,041 | 24,957 | 59,998 | 23,971 | 35,389 | 59,360 | 30,668 | 38,982 | 69,650 | 27,159 | 45,521 | 72,680 | 32,643 | 28,028 | 60,933 | 25,600 | 43,700 | 70,000 |
| Operating Margin | 11.42% | 10.32% | 11.18% | 11.43% | 12.46% | 13.32% | 14.89% | 11.34% | 13.17% | 11.32% | 12.39% | 11.94% | 12.36% | 13.28% | 12.86% | 11.15% | 12.53% | 11.98% | 10.71% | 8.78% | 9.92% | 8.24% | 11.1% | 9.85% |
| Earnings before Tax (EBT) | 32,733 | 26,091 | 51,266 | 45,079 | 26,870 | - | 35,418 | 26,089 | 61,507 | 25,389 | 34,092 | 59,481 | 29,514 | 38,022 | 67,536 | 26,973 | 42,392 | 69,365 | 45,008 | - | 73,400 | - | - | - |
| Net income 1 | 23,273 | 18,136 | 41,355 | 32,751 | 18,581 | 36,831 | 22,653 | 16,877 | 39,530 | 16,699 | 21,655 | 38,354 | 19,643 | 24,809 | 44,452 | 16,963 | 30,635 | 47,598 | 32,994 | 15,503 | 49,633 | 17,100 | 28,250 | 45,000 |
| Net margin | 7.82% | 6.92% | 13.17% | 9% | 8.19% | 8.25% | 9.63% | 7.67% | 8.68% | 7.89% | 7.58% | 7.71% | 7.91% | 8.45% | 8.2% | 6.97% | 8.44% | 7.85% | 10.82% | 4.86% | 8.08% | 5.5% | 7.17% | 6.33% |
| EPS | - | 164.0 | - | 260.2 | 147.4 | - | 179.6 | 133.8 | 313.4 | 134.3 | 178.6 | - | 163.0 | - | 368.9 | 140.7 | - | - | 274.1 | - | 431.2 | - | - | - |
| Dividend per Share | - | 40.00 | - | 50.00 | - | - | - | - | 62.00 | - | - | - | - | - | 72.00 | - | - | - | - | - | 74.00 | - | - | - |
| Announcement Date | 11/14/19 | 5/15/20 | 11/13/20 | 5/14/21 | 11/12/21 | 11/12/21 | 2/14/22 | 5/13/22 | 5/13/22 | 8/12/22 | 11/14/22 | 11/14/22 | 2/14/23 | 5/15/23 | 5/15/23 | 8/14/23 | 11/14/23 | 11/14/23 | 2/14/24 | - | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 112,988 | 52,051 | 99,444 | 159,655 | 173,257 | 203,150 | 203,600 | 203,100 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.938 x | 0.8306 x | 0.9744 x | 1.322 x | 1.205 x | 1.522 x | 1.376 x | 1.181 x |
| Free Cash Flow 1 | 9,544 | 24,739 | 73,664 | -20,720 | -52,968 | 18,000 | 36,250 | -30,000 |
| ROE (net income / shareholders' equity) | 32.3% | 32% | 26.4% | 24.7% | 24.4% | 21.4% | 17.9% | 17.3% |
| ROA (Net income/ Total Assets) | 13.1% | 15.2% | 9.6% | 12.7% | 12.3% | 9.4% | 9.1% | 10.4% |
| Assets 1 | 301,152 | 390,279 | 724,511 | 614,212 | 749,512 | 1,015,106 | 1,004,835 | 942,548 |
| Book Value Per Share 2 | 2,492 | 1,856 | 2,330 | 2,802 | 3,449 | 4,056 | 4,584 | 5,151 |
| Cash Flow per Share | 128.0 | 530.0 | 560.0 | 637.0 | 776.0 | - | - | - |
| Capex 1 | 983 | 617 | 1,786 | 3,139 | 6,381 | 1,250 | 1,250 | 1,250 |
| Capex / Sales | 0.18% | 0.11% | 0.22% | 0.33% | 0.56% | 0.09% | 0.09% | 0.08% |
| Announcement Date | 11/14/19 | 11/13/20 | 11/12/21 | 11/14/22 | 11/14/23 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
4,725
JPY
Average target price
5,340
JPY
Spread / Average Target
+13.02%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +12.96% | 3.57B | |
| -9.36% | 22.5B | |
| +9.02% | 10.79B | |
| -34.32% | 10.32B | |
| -28.99% | 7.2B | |
| -5.56% | 7.01B | |
| -0.34% | 6.53B | |
| -3.03% | 6.09B | |
| -5.92% | 3.54B | |
| +27.36% | 3.32B |
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