Financials ZENKOKU HOSHO Co.,Ltd.

Equities

7164

JP3429250008

Consumer Lending

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-06-04 am EDT			5-day change	1st Jan Change
5,650 ^JPY	-1.21%		+0.50%	+6.30%

May. 09	ZENKOKU HOSHO Co.,Ltd. announces an Equity Buyback for 1,750,000 shares, representing 2.54% for ¥7,000 million.	CI
May. 09	ZENKOKU HOSHO Co.,Ltd. authorizes a Buyback Plan.	CI

Valuation

Fiscal Period: March	2023	2024	2025	2026
Capitalization ¹	343,271	392,931	-	-
Enterprise Value (EV) ¹	199,085	377,949	392,931	392,931
P/E ratio	12 x	13.1 x	12.6 x	12.2 x
Yield	2.96%	3.09%	3.44%	3.97%
Capitalization / Revenue	6.83 x	7.32 x	7.08 x	6.73 x
EV / Revenue	3.96 x	7.32 x	7.08 x	6.73 x
EV / EBITDA	-	7.23 x	9.22 x	8.91 x
EV / FCF	-	-9.94 x	-117 x	113 x
FCF Yield	-	-10.1%	-0.86%	0.88%
Price to Book	1.67 x	1.68 x	1.62 x	1.51 x
Nbr of stocks (in thousands)	68,723	68,706	-	-
Reference price ²	4,995	5,719	5,719	5,719
Announcement Date	5/9/23	5/9/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2023	2024	2025	2026
Net sales ¹	50,272	51,638	55,525	58,366
EBITDA ¹	-	40,790	42,630	44,109
EBIT ¹	39,884	39,102	41,208	43,177
Operating Margin	79.34%	75.72%	74.21%	73.98%
Earnings before Tax (EBT) ¹	41,282	41,404	44,051	46,570
Net income ¹	28,584	28,796	30,508	32,260
Net margin	56.86%	55.77%	54.95%	55.27%
EPS ²	416.0	419.1	454.4	469.5
Free Cash Flow ¹	-	-29,651	-3,364	3,469
FCF margin	-	-56.36%	-6.06%	5.94%
FCF Conversion (EBITDA)	-	-	-	7.86%
FCF Conversion (Net income)	-	-	-	10.75%
Dividend per Share ²	148.0	170.0	197.0	227.2
Announcement Date	5/9/23	5/9/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2023 Q1	2023 Q2	2023 S1	2023 Q3	2024 Q1	2024 Q2	2024 S1	2024 Q3	2024 Q4	2024 S2
Net sales ¹	10,276	10,374	20,650	10,410	10,536	10,643	21,179	10,725	19,734	30,459
EBITDA	-	-	-	-	-	-	-	-	-	-
EBIT ¹	7,604	8,263	15,867	8,035	7,812	7,628	15,440	7,784	15,878	23,662
Operating Margin	74%	79.65%	76.84%	77.19%	74.15%	71.67%	72.9%	72.58%	80.46%	77.68%
Earnings before Tax (EBT) ¹	7,927	8,566	16,493	8,517	9,022	8,268	17,290	8,477	15,637	24,114
Net income ¹	5,483	5,918	11,401	5,929	6,449	5,738	12,187	5,871	10,738	16,609
Net margin	53.36%	57.05%	55.21%	56.95%	61.21%	53.91%	57.54%	54.74%	54.41%	54.53%
EPS	79.80	-	165.9	86.28	93.84	-	177.4	85.46	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-
Announcement Date	8/5/22	11/4/22	11/4/22	2/3/23	8/7/23	11/6/23	11/6/23	2/5/24	5/9/24	5/9/24

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: March	2023	2024	2025	2026
Net Debt ¹	-	-	-	-
Net Cash position ¹	144,186	98,100	-	-
Leverage (Debt/EBITDA)	-	-	-	-
Free Cash Flow ¹	-	-29,651	-3,364	3,469
ROE (net income / shareholders' equity)	14.6%	13.4%	13.1%	12.9%
ROA (Net income/ Total Assets)	-	9.14%	6.3%	6.3%
Assets ¹	-	314,949	484,262	512,071
Book Value Per Share ²	2,992	3,276	3,538	3,790
Cash Flow per Share	421.0	425.0	-	-
Capex ¹	1,206	1,206	1,206	1,206
Capex / Sales	2.4%	2.29%	2.17%	2.07%
Announcement Date	5/9/23	5/9/24	-	-

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

Ratings for ZENKOKU HOSHO Co.,Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

5,719 JPY

Average target price

6,110 JPY

Spread / Average Target

+6.84%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Consumer Lending

	1st Jan change	Capi.
ZENKOKU HOSHO CO.,LTD.	+6.30%	2.52B
BAJAJ FINANCE LIMITED	-9.46%	51.42B
BAJAJ FINSERV LTD.	-11.19%	30.48B
JIO FINANCIAL SERVICES LIMITED	+52.87%	27.22B
ORIX CORPORATION	+29.93%	25.68B
SYNCHRONY FINANCIAL	+14.06%	17.49B
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED	-1.81%	13.02B
SHRIRAM FINANCE LIMITED	+11.85%	11.36B
MUTHOOT FINANCE LIMITED	+12.44%	8.24B
SOFI TECHNOLOGIES, INC.	-31.96%	7.16B

Other Consumer Lending