SQUARE ENIX HOLDINGS CO., LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,952 JPY | -1.04% |
|
-6.00% | -2.19% |
Valuation
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 462,524 | 575,565 | 734,121 | 649,410 | 761,398 | 600,285 | - | - |
| Enterprise Value (EV) 1 | 341,741 | 452,115 | 587,892 | 486,322 | 567,897 | 705,445 | 380,254 | 333,914 |
| P/E ratio | 25 x | 27 x | 27.2 x | 12.7 x | 15.5 x | 47.3 x | 15.3 x | 15.6 x |
| Yield | 1.21% | 1.12% | 1.27% | 2.38% | 1.95% | 0.65% | 2.03% | 1.99% |
| Capitalization / Revenue | 1.71 x | 2.21 x | 2.21 x | 1.78 x | 2.22 x | 1.98 x | 1.72 x | 1.71 x |
| EV / Revenue | 1.26 x | 1.74 x | 1.77 x | 1.33 x | 1.65 x | 1.98 x | 1.09 x | 0.95 x |
| EV / EBITDA | 10.9 x | 11.3 x | 10.7 x | 7.27 x | 11.1 x | 17.6 x | 5.95 x | 5.23 x |
| EV / FCF | -462 x | 54.2 x | 20.7 x | 25 x | 14.3 x | 17.9 x | 9.51 x | 9.96 x |
| FCF Yield | -0.22% | 1.85% | 4.82% | 4% | 7.01% | 5.6% | 10.5% | 10% |
| Price to Book | 2.28 x | 2.6 x | 3.03 x | 2.29 x | 2.41 x | 2.23 x | 1.63 x | 1.51 x |
| Nbr of stocks (in thousands) | 119,207 | 119,288 | 119,369 | 119,597 | 119,717 | 119,961 | - | - |
| Reference price 2 | 3,880 | 4,825 | 6,150 | 5,430 | 6,360 | 5,004 | 5,004 | 5,004 |
| Announcement Date | 5/13/19 | 5/13/20 | 5/13/21 | 5/13/22 | 5/12/23 | 5/13/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 271,048 | 260,527 | 332,532 | 365,275 | 343,267 | 356,300 | 348,034 | 350,259 |
| EBITDA 1 | 31,332 | 40,176 | 54,741 | 66,855 | 51,252 | 40,000 | 63,922 | 63,812 |
| EBIT 1 | 24,531 | 32,759 | 47,226 | 59,261 | 44,331 | 32,500 | 54,776 | 53,854 |
| Operating Margin | 9.05% | 12.57% | 14.2% | 16.22% | 12.91% | 9.12% | 15.74% | 15.38% |
| Earnings before Tax (EBT) 1 | 23,028 | 30,793 | 45,694 | 70,223 | 58,431 | 17,935 | 55,748 | 56,088 |
| Net income 1 | 18,463 | 21,346 | 26,942 | 51,013 | 49,264 | 14,900 | 39,165 | 38,601 |
| Net margin | 6.81% | 8.19% | 8.1% | 13.97% | 14.35% | 4.18% | 11.25% | 11.02% |
| EPS 2 | 154.9 | 179.0 | 225.8 | 426.8 | 411.6 | 124.4 | 326.1 | 321.2 |
| Free Cash Flow 1 | -740 | 8,348 | 28,349 | 19,446 | 39,828 | 39,475 | 39,965 | 33,513 |
| FCF margin | -0.27% | 3.2% | 8.53% | 5.32% | 11.6% | 11.08% | 11.48% | 9.57% |
| FCF Conversion (EBITDA) | - | 20.78% | 51.79% | 29.09% | 77.71% | 98.69% | 62.52% | 52.52% |
| FCF Conversion (Net income) | - | 39.11% | 105.22% | 38.12% | 80.85% | 264.93% | 102.04% | 86.82% |
| Dividend per Share 2 | 47.00 | 54.00 | 78.00 | 129.0 | 124.0 | 38.00 | 101.5 | 99.64 |
| Announcement Date | 5/13/19 | 5/13/20 | 5/13/21 | 5/13/22 | 5/12/23 | 5/13/24 | - | - |
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 | 120,762 | 139,765 | 172,731 | 159,801 | 80,313 | 168,917 | 104,710 | 91,648 | 196,358 | 74,876 | 88,516 | 163,392 | 92,224 | 87,651 | 179,875 | 85,669 | 86,377 | 172,046 | 85,566 | 98,688 | 75,650 | 90,240 | 88,914 | 88,835 |
| EBITDA 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,816 | - | 4,717 | - | - | - | 15,300 | - | - | - | - |
| EBIT 1 | 15,918 | 16,841 | 31,655 | 15,571 | 11,830 | 29,146 | 20,992 | 9,123 | 30,115 | 14,430 | 11,614 | 26,044 | 15,271 | 3,016 | 18,287 | 3,097 | 14,240 | 17,337 | 17,581 | -2,418 | 12,573 | 15,748 | 15,340 | 9,879 |
| Operating Margin | 13.18% | 12.05% | 18.33% | 9.74% | 14.73% | 17.25% | 20.05% | 9.95% | 15.34% | 19.27% | 13.12% | 15.94% | 16.56% | 3.44% | 10.17% | 3.62% | 16.49% | 10.08% | 20.55% | -2.45% | 16.62% | 17.45% | 17.25% | 11.12% |
| Earnings before Tax (EBT) 1 | 15,502 | - | 28,205 | - | 13,982 | 31,685 | 22,993 | - | - | 26,242 | 26,075 | 52,317 | 7,227 | -1,113 | - | 9,135 | 15,605 | 24,740 | 14,718 | -21,523 | - | - | - | - |
| Net income 1 | 10,969 | 10,377 | 16,047 | 10,895 | 10,336 | 22,991 | 16,853 | 11,169 | 28,022 | 18,355 | 21,118 | 39,473 | 6,924 | 2,867 | 9,791 | 6,300 | 10,323 | 16,623 | 10,145 | -11,818 | 9,200 | 14,500 | 12,400 | 8,300 |
| Net margin | 9.08% | 7.42% | 9.29% | 6.82% | 12.87% | 13.61% | 16.09% | 12.19% | 14.27% | 24.51% | 23.86% | 24.16% | 7.51% | 3.27% | 5.44% | 7.35% | 11.95% | 9.66% | 11.86% | -11.98% | 12.16% | 16.07% | 13.95% | 9.34% |
| EPS 2 | 92.02 | - | 134.5 | - | 86.50 | 192.5 | 141.0 | 93.38 | - | 153.4 | 176.5 | 329.9 | 57.80 | 23.91 | - | 52.61 | 86.09 | 138.7 | 84.58 | -98.76 | 62.34 | 79.86 | 72.35 | 34.82 |
| Dividend per Share 2 | 10.00 | - | 10.00 | - | 10.00 | 10.00 | - | 119.0 | - | - | 10.00 | 10.00 | - | - | - | - | 10.00 | 10.00 | - | 28.00 | - | 10.00 | - | 88.47 |
| Announcement Date | 11/7/19 | 5/13/20 | 11/6/20 | 5/13/21 | 11/5/21 | 11/5/21 | 2/4/22 | 5/13/22 | 5/13/22 | 8/4/22 | 11/7/22 | 11/7/22 | 2/3/23 | 5/12/23 | 5/12/23 | 8/4/23 | 11/7/23 | 11/7/23 | 2/5/24 | 5/13/24 | - | - | - | - |
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 | 120,783 | 123,450 | 146,229 | 163,088 | 193,501 | 222,001 | 220,031 | 266,371 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -740 | 8,348 | 28,349 | 19,446 | 39,828 | 39,475 | 39,965 | 33,513 |
| ROE (net income / shareholders' equity) | 9.3% | 10% | 11.6% | 19.4% | 16.4% | 4.7% | 11.3% | 10.3% |
| ROA (Net income/ Total Assets) | 10.5% | 11.1% | 15.6% | 19.7% | 14% | 10.3% | 10.9% | 8.89% |
| Assets 1 | 175,281 | 193,038 | 172,158 | 258,675 | 351,426 | 145,358 | 357,700 | 434,075 |
| Book Value Per Share 2 | 1,699 | 1,854 | 2,030 | 2,370 | 2,642 | 2,638 | 3,067 | 3,317 |
| Cash Flow per Share 2 | 212.0 | 241.0 | 289.0 | 490.0 | 469.0 | 187.0 | 467.0 | 460.0 |
| Capex 1 | 9,581 | 9,657 | 7,377 | 9,123 | 9,695 | 12,763 | 8,858 | 9,609 |
| Capex / Sales | 3.53% | 3.71% | 2.22% | 2.5% | 2.82% | 3.58% | 2.55% | 2.74% |
| Announcement Date | 5/13/19 | 5/13/20 | 5/13/21 | 5/13/22 | 5/12/23 | 5/13/24 | - | - |
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
15
Last Close Price
5,004
JPY
Average target price
6,843
JPY
Spread / Average Target
+36.76%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -1.17% | 3.74B | |
| +12.42% | 67.65B | |
| +2.88% | 14.39B | |
| +30.42% | 8.81B | |
| 0.00% | 6.24B | |
| -12.17% | 5.11B | |
| -21.12% | 4.31B | |
| +13.60% | 3.98B | |
| +4.24% | 3.32B | |
| -11.02% | 3.25B |
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