SBI GLOBAL ASSET MANAGEMENT CO., LTD. Financials SBI Global Asset Management Co., Ltd.
Equities
4765
JP3922100007
Investment Management & Fund Operators
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 664 JPY | +2.00% |
|
+1.84% | +8.85% |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 32,182 | 25,034 | 28,847 | 42,864 | 52,549 | 43,133 |
| Enterprise Value (EV) 1 | 25,833 | 20,887 | 26,478 | 38,123 | 47,442 | 41,248 |
| P/E ratio | 29.4 x | 20.5 x | 23.5 x | 31.2 x | 36.1 x | 7.92 x |
| Yield | 2.54% | 4.64% | 4.31% | 3.35% | 2.9% | 3.74% |
| Capitalization / Revenue | 5.39 x | 4.17 x | 4.23 x | 5.73 x | 6.47 x | 4.93 x |
| EV / Revenue | 4.33 x | 3.48 x | 3.89 x | 5.09 x | 5.84 x | 4.72 x |
| EV / EBITDA | 14.3 x | 11.1 x | 13.7 x | 16.7 x | 17.5 x | 17.2 x |
| EV / FCF | 45.4 x | 19.8 x | 127 x | 28.1 x | 67 x | -7.56 x |
| FCF Yield | 2.2% | 5.05% | 0.79% | 3.56% | 1.49% | -13.2% |
| Price to Book | 3.36 x | 2.67 x | 3.24 x | 3.57 x | 4.45 x | 2.62 x |
| Nbr of stocks (in thousands) | 81,887 | 82,892 | 82,892 | 89,673 | 89,673 | 89,673 |
| Reference price 2 | 393.0 | 302.0 | 348.0 | 478.0 | 586.0 | 481.0 |
| Announcement Date | 6/25/18 | 6/18/19 | 6/23/20 | 6/25/21 | 6/24/22 | 6/23/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 5,967 | 6,004 | 6,814 | 7,485 | 8,123 | 8,747 |
| EBITDA 1 | 1,810 | 1,886 | 1,930 | 2,288 | 2,704 | 2,397 |
| EBIT 1 | 1,639 | 1,647 | 1,542 | 1,765 | 2,130 | 1,832 |
| Operating Margin | 27.47% | 27.43% | 22.63% | 23.58% | 26.22% | 20.94% |
| Earnings before Tax (EBT) 1 | 1,626 | 1,766 | 1,872 | 2,154 | 2,477 | 8,118 |
| Net income 1 | 1,099 | 1,220 | 1,230 | 1,318 | 1,454 | 5,443 |
| Net margin | 18.42% | 20.32% | 18.05% | 17.61% | 17.9% | 62.23% |
| EPS 2 | 13.39 | 14.73 | 14.84 | 15.33 | 16.21 | 60.70 |
| Free Cash Flow 1 | 569.4 | 1,054 | 208.1 | 1,356 | 708.2 | -5,458 |
| FCF margin | 9.54% | 17.56% | 3.05% | 18.12% | 8.72% | -62.4% |
| FCF Conversion (EBITDA) | 31.46% | 55.91% | 10.78% | 59.27% | 26.19% | - |
| FCF Conversion (Net income) | 51.81% | 86.42% | 16.92% | 102.89% | 48.71% | - |
| Dividend per Share 2 | 10.00 | 14.00 | 15.00 | 16.00 | 17.00 | 18.00 |
| Announcement Date | 6/25/18 | 6/18/19 | 6/23/20 | 6/25/21 | 6/24/22 | 6/23/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2024 Q1 | 2024 S1 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,333 | 3,615 | 3,937 | 2,056 | 2,007 | 4,080 | 2,446 | 2,446 | 4,989 | 2,587 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 865 | 872 | 993 | 520 | 515 | 1,022 | 495 | 541 | 1,127 | 543 |
| Operating Margin | 25.95% | 24.12% | 25.22% | 25.29% | 25.66% | 25.05% | 20.24% | 22.12% | 22.59% | 20.99% |
| Earnings before Tax (EBT) 1 | 1,013 | 1,069 | 1,172 | 573 | 616 | 1,228 | 555 | 678 | 1,363 | 644 |
| Net income 1 | 685 | 696 | 724 | 319 | 361 | 725 | 366 | 434 | 858 | 400 |
| Net margin | 20.55% | 19.25% | 18.39% | 15.52% | 17.99% | 17.77% | 14.96% | 17.74% | 17.2% | 15.46% |
| EPS 2 | 8.260 | 8.410 | 8.070 | 3.570 | 4.030 | 8.100 | 4.080 | 4.840 | 9.580 | 4.450 |
| Dividend per Share | 7.000 | 7.500 | 8.000 | - | - | 8.250 | - | - | 8.500 | - |
| Announcement Date | 10/23/19 | 10/23/20 | 10/26/21 | 1/27/22 | 7/26/22 | 10/26/22 | 1/27/23 | 7/27/23 | 10/26/23 | 1/30/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 6,349 | 4,147 | 2,369 | 4,741 | 5,107 | 1,885 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 569 | 1,054 | 208 | 1,356 | 708 | -5,458 |
| ROE (net income / shareholders' equity) | 11.7% | 12.8% | 13.6% | 13.8% | 13.9% | 38.3% |
| ROA (Net income/ Total Assets) | 9.86% | 9.46% | 8.21% | 8.3% | 9.43% | 6.47% |
| Assets 1 | 11,146 | 12,897 | 14,974 | 15,877 | 15,424 | 84,167 |
| Book Value Per Share 2 | 117.0 | 113.0 | 107.0 | 134.0 | 132.0 | 184.0 |
| Cash Flow per Share 2 | 77.00 | 50.00 | 52.70 | 54.70 | 57.70 | 23.80 |
| Capex 1 | 17 | 31 | 13 | 25 | 12 | 19 |
| Capex / Sales | 0.28% | 0.52% | 0.19% | 0.33% | 0.15% | 0.22% |
| Announcement Date | 6/25/18 | 6/18/19 | 6/23/20 | 6/25/21 | 6/24/22 | 6/23/23 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +8.85% | 379M | |
| -7.42% | 86.62B | |
| +18.59% | 86.95B | |
| +14.51% | 26.5B | |
| -2.63% | 17.92B | |
| +12.01% | 14.99B | |
| +3.19% | 15.09B | |
| -21.38% | 12.32B | |
| +18.50% | 9.94B | |
| +23.42% | 9.21B |
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