RECRUIT HOLDINGS CO., LTD |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6,641 JPY | +1.92% |
|
+8.67% | +11.37% |
| Apr. 12 | Japan's elderly population living alone to jump 47% by 2050 - research | RE |
| Apr. 08 | Japan's Nikkei climbs 1.5% as investors scoop up beaten-down stocks | RE |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,281,348 | 4,609,566 | 8,826,247 | 8,846,811 | 5,771,525 | 10,230,120 | - | - |
| Enterprise Value (EV) 1 | 5,013,615 | 4,556,606 | 8,703,929 | 8,237,911 | 4,929,525 | 9,197,604 | 8,973,627 | 8,667,807 |
| P/E ratio | 30.3 x | 25.8 x | 67.7 x | 29.8 x | 21.7 x | 29.8 x | 30.4 x | 26.1 x |
| Yield | 0.89% | 1.07% | 0.37% | 0.39% | 0.6% | 0.35% | 0.38% | 0.45% |
| Capitalization / Revenue | 2.29 x | 1.92 x | 3.89 x | 3.08 x | 1.68 x | 3.01 x | 2.92 x | 2.73 x |
| EV / Revenue | 2.17 x | 1.9 x | 3.84 x | 2.87 x | 1.44 x | 2.7 x | 2.57 x | 2.32 x |
| EV / EBITDA | 17.1 x | 14 x | 36 x | 17.2 x | 9.04 x | 15.7 x | 15 x | 12.9 x |
| EV / FCF | 69.3 x | 21.3 x | 35.3 x | 22.3 x | 12.2 x | 21.5 x | 23.8 x | 19.8 x |
| FCF Yield | 1.44% | 4.7% | 2.83% | 4.48% | 8.23% | 4.65% | 4.21% | 5.06% |
| Price to Book | 5.47 x | 4.66 x | 8.09 x | 6.39 x | 3.54 x | 5.35 x | 4.72 x | 4.08 x |
| Nbr of stocks (in thousands) | 1,670,784 | 1,648,629 | 1,634,188 | 1,634,062 | 1,581,240 | 1,540,449 | - | - |
| Reference price 2 | 3,161 | 2,796 | 5,401 | 5,414 | 3,650 | 6,641 | 6,641 | 6,641 |
| Announcement Date | 5/14/19 | 5/27/20 | 5/17/21 | 5/16/22 | 5/15/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Maart | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,310,756 | 2,399,465 | 2,269,346 | 2,871,705 | 3,429,519 | 3,401,166 | 3,498,293 | 3,740,602 |
| EBITDA 1 | 293,243 | 325,159 | 241,658 | 479,370 | 545,043 | 587,614 | 596,998 | 673,693 |
| EBIT 1 | 223,090 | 206,011 | 162,823 | 378,929 | 344,303 | 410,668 | 442,568 | 512,490 |
| Operating Margin | 9.65% | 8.59% | 7.17% | 13.2% | 10.04% | 12.07% | 12.65% | 13.7% |
| Earnings before Tax (EBT) 1 | 239,814 | 226,149 | 168,502 | 382,749 | 367,767 | 447,016 | 451,917 | 519,520 |
| Net income 1 | 174,280 | 179,880 | 131,393 | 296,833 | 269,799 | 351,747 | 343,572 | 399,448 |
| Net margin | 7.54% | 7.5% | 5.79% | 10.34% | 7.87% | 10.34% | 9.82% | 10.68% |
| EPS 2 | 104.3 | 108.3 | 79.83 | 181.7 | 168.6 | 222.6 | 218.4 | 254.3 |
| Free Cash Flow 1 | 72,341 | 214,332 | 246,224 | 368,872 | 405,517 | 427,756 | 377,667 | 438,561 |
| FCF margin | 3.13% | 8.93% | 10.85% | 12.85% | 11.82% | 12.58% | 10.8% | 11.72% |
| FCF Conversion (EBITDA) | 24.67% | 65.92% | 101.89% | 76.95% | 74.4% | 72.8% | 63.26% | 65.1% |
| FCF Conversion (Net income) | 41.51% | 119.15% | 187.4% | 124.27% | 150.3% | 121.61% | 109.92% | 109.79% |
| Dividend per Share 2 | 28.00 | 30.00 | 20.00 | 21.00 | 22.00 | 23.37 | 25.50 | 29.74 |
| Announcement Date | 5/14/19 | 5/27/20 | 5/17/21 | 5/16/22 | 5/15/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 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 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,201,201 | 1,198,264 | 1,044,621 | 1,224,725 | 701,194 | 1,365,907 | 746,056 | 759,700 | 1,505,798 | 843,175 | 878,400 | 1,721,600 | 880,100 | 827,700 | 1,707,870 | 850,828 | 855,100 | 1,705,900 | 866,700 | 832,128 | 843,470 | 860,600 | 905,250 | 906,470 |
| EBITDA 1 | - | - | - | 118,236 | 140,682 | - | 134,838 | 78,100 | 213,011 | 152,336 | 145,300 | 297,600 | 138,200 | 76,700 | - | 165,900 | 162,200 | 328,100 | 158,200 | 104,365 | 152,230 | 162,680 | 165,160 | 137,610 |
| EBIT 1 | 142,659 | 63,352 | 74,729 | 88,094 | 118,210 | 222,928 | 110,657 | 45,300 | 156,001 | 119,371 | 108,500 | 227,900 | 96,800 | 19,400 | 116,403 | 121,654 | 116,100 | 237,800 | 108,900 | 58,064 | - | - | - | - |
| Operating Margin | 11.88% | 5.29% | 7.15% | 7.19% | 16.86% | 16.32% | 14.83% | 5.96% | 10.36% | 14.16% | 12.35% | 13.24% | 11% | 2.34% | 6.82% | 14.3% | 13.58% | 13.94% | 12.56% | 6.98% | - | - | - | - |
| Earnings before Tax (EBT) 1 | 157,834 | 68,315 | 78,490 | 90,012 | 118,436 | 223,843 | 112,663 | 46,242 | 158,906 | 120,060 | 110,300 | 230,300 | 105,600 | 31,600 | 137,467 | 130,263 | 130,784 | 261,047 | 120,985 | 66,776 | - | - | - | - |
| Net income 1 | 114,148 | 65,732 | 62,533 | 68,860 | 87,305 | 165,169 | 83,252 | 48,400 | 131,664 | 84,472 | 85,200 | 169,700 | 77,800 | 22,100 | 100,099 | 98,060 | 115,000 | 213,000 | 106,300 | 44,217 | - | - | - | - |
| Net margin | 9.5% | 5.49% | 5.99% | 5.62% | 12.45% | 12.09% | 11.16% | 6.37% | 8.74% | 10.02% | 9.7% | 9.86% | 8.84% | 2.67% | 5.86% | 11.53% | 13.45% | 12.49% | 12.26% | 5.31% | - | - | - | - |
| EPS 2 | 68.32 | - | 37.92 | - | 53.42 | 101.1 | 50.95 | 29.67 | - | 52.48 | 52.96 | 105.4 | 48.61 | 14.54 | - | 62.04 | 73.46 | 135.4 | 68.03 | 23.66 | - | - | - | - |
| Dividend per Share | 15.00 | - | 9.500 | - | 10.50 | 10.50 | - | 10.50 | - | - | 11.00 | 11.00 | - | 11.00 | - | - | 11.50 | 11.50 | - | - | - | - | - | - |
| Announcement Date | 11/13/19 | 5/27/20 | 11/16/20 | 5/17/21 | 11/15/21 | 11/15/21 | 2/14/22 | 5/16/22 | 5/16/22 | 8/12/22 | 11/14/22 | 11/14/22 | 2/13/23 | 5/15/23 | 5/15/23 | 8/10/23 | 11/8/23 | 11/8/23 | 2/9/24 | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 267,733 | 52,960 | 122,318 | 608,900 | 842,000 | 1,032,515 | 1,256,493 | 1,562,313 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 72,341 | 214,332 | 246,224 | 368,872 | 405,517 | 427,756 | 377,667 | 438,561 |
| ROE (net income / shareholders' equity) | 19.3% | 18.4% | 12.6% | 24.2% | 18% | 19.6% | 16.6% | 17.3% |
| ROA (Net income/ Total Assets) | 14.4% | 12.1% | 8.03% | 16.6% | 14.1% | 12.5% | 10.7% | 11.5% |
| Assets 1 | 1,207,467 | 1,490,549 | 1,635,777 | 1,791,533 | 1,913,567 | 2,807,305 | 3,218,272 | 3,465,724 |
| Book Value Per Share 2 | 578.0 | 600.0 | 668.0 | 847.0 | 1,030 | 1,242 | 1,408 | 1,626 |
| Cash Flow per Share 2 | 147.0 | 178.0 | 153.0 | 257.0 | 245.0 | 286.0 | 265.0 | 332.0 |
| Capex 1 | 75,765 | 83,259 | 58,314 | 64,385 | 76,756 | 80,599 | 85,889 | 88,647 |
| Capex / Sales | 3.28% | 3.47% | 2.57% | 2.24% | 2.24% | 2.37% | 2.46% | 2.37% |
| Announcement Date | 5/14/19 | 5/27/20 | 5/17/21 | 5/16/22 | 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
14
Last Close Price
6,641
JPY
Average target price
6,971
JPY
Spread / Average Target
+4.98%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +11.37% | 64.99B | |
| +0.72% | 43.18B | |
| -11.11% | 5.35B | |
| +2.00% | 2.18B | |
| -23.19% | 1.94B | |
| +5.77% | 1.47B | |
| +0.46% | 1.4B | |
| -21.69% | 1.25B | |
| -13.88% | 1.12B | |
| +36.46% | 841M |
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