GREE, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 521 JPY | +1.56% |
|
+1.76% | -8.60% |
| May. 08 | Transcript : GREE, Inc., Q3 2024 Earnings Call, May 08, 2024 | |
| May. 08 | GREE, Inc. Resolves to Change Its Dividend Policy | CI |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 118,144 | 105,524 | 128,592 | 142,717 | 108,783 | 89,091 | - | - |
| Enterprise Value (EV) 1 | 33,672 | 18,506 | 41,768 | 88,093 | 58,490 | 46,749 | 46,179 | 46,165 |
| P/E ratio | 33.8 x | 39.2 x | 9.57 x | 15.1 x | 11.8 x | 20.7 x | 20.5 x | 19.3 x |
| Yield | 2% | 2.16% | 2.13% | 1.33% | 1.72% | 3.22% | 2.95% | 2.95% |
| Capitalization / Revenue | 1.67 x | 1.68 x | 2.27 x | 1.91 x | 1.44 x | 1.44 x | 1.46 x | 1.42 x |
| EV / Revenue | 0.47 x | 0.3 x | 0.74 x | 1.18 x | 0.78 x | 0.75 x | 0.75 x | 0.74 x |
| EV / EBITDA | 5.27 x | 4.77 x | 6.74 x | 7.27 x | 4.56 x | 7.3 x | 9.17 x | 10.3 x |
| EV / FCF | 9.15 x | 2.97 x | 3.78 x | 11.1 x | 14.1 x | 22.3 x | 14.2 x | 11.9 x |
| FCF Yield | 10.9% | 33.7% | 26.5% | 8.99% | 7.1% | 4.48% | 7.05% | 8.43% |
| Price to Book | 1.05 x | 0.93 x | 1.04 x | 1.58 x | 1.18 x | 0.93 x | 0.92 x | 0.91 x |
| Nbr of stocks (in thousands) | 235,817 | 228,406 | 218,695 | 173,200 | 170,506 | 170,999 | - | - |
| Reference price 2 | 501.0 | 462.0 | 588.0 | 824.0 | 638.0 | 513.0 | 513.0 | 513.0 |
| Announcement Date | 8/2/19 | 8/20/20 | 8/6/21 | 8/4/22 | 8/3/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 70,936 | 62,665 | 56,766 | 74,906 | 75,440 | 61,923 | 61,218 | 62,535 |
| EBITDA 1 | 6,393 | 3,878 | 6,194 | 12,116 | 12,830 | 6,400 | 5,034 | 4,486 |
| EBIT 1 | 5,476 | 3,162 | 5,378 | 11,498 | 12,498 | 5,900 | 6,075 | 6,475 |
| Operating Margin | 7.72% | 5.05% | 9.47% | 15.35% | 16.57% | 9.53% | 9.92% | 10.35% |
| Earnings before Tax (EBT) 1 | 5,531 | 6,031 | 13,398 | 14,598 | 12,693 | 6,500 | 7,250 | 7,850 |
| Net income 1 | 3,485 | 2,709 | 13,533 | 10,121 | 9,278 | 4,315 | 4,319 | 4,565 |
| Net margin | 4.91% | 4.32% | 23.84% | 13.51% | 12.3% | 6.97% | 7.06% | 7.3% |
| EPS 2 | 14.81 | 11.79 | 61.44 | 54.58 | 54.07 | 24.84 | 25.03 | 26.52 |
| Free Cash Flow 1 | 3,682 | 6,236 | 11,063 | 7,919 | 4,151 | 2,092 | 3,255 | 3,890 |
| FCF margin | 5.19% | 9.95% | 19.49% | 10.57% | 5.5% | 3.38% | 5.32% | 6.22% |
| FCF Conversion (EBITDA) | 57.59% | 160.8% | 178.61% | 65.36% | 32.35% | 32.7% | 64.66% | 86.71% |
| FCF Conversion (Net income) | 105.65% | 230.2% | 81.75% | 78.24% | 44.74% | 48.49% | 75.36% | 85.2% |
| Dividend per Share 2 | 10.00 | 10.00 | 12.50 | 11.00 | 11.00 | 16.50 | 15.12 | 15.12 |
| Announcement Date | 8/2/19 | 8/20/20 | 8/6/21 | 8/4/22 | 8/3/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2020 S1 | 2021 S1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 32,235 | 28,914 | 19,510 | 33,184 | 20,847 | 20,875 | 16,590 | 16,579 | 33,169 | 22,151 | 20,120 | 15,787 | 14,240 | 30,027 | 17,172 | 14,101 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 1,991 | 2,155 | 2,525 | 4,078 | 3,578 | 3,842 | 1,584 | 1,733 | 3,317 | 4,223 | 4,958 | 1,225 | 810 | 2,035 | 2,520 | 1,444 |
| Operating Margin | 6.18% | 7.45% | 12.94% | 12.29% | 17.16% | 18.4% | 9.55% | 10.45% | 10% | 19.06% | 24.64% | 7.76% | 5.69% | 6.78% | 14.68% | 10.24% |
| Earnings before Tax (EBT) | 5,449 | 4,396 | - | 5,127 | 4,270 | - | 2,428 | - | 2,410 | 4,710 | - | 1,590 | - | 2,080 | 3,304 | - |
| Net income 1 | 3,536 | 4,245 | 1,781 | 3,654 | 2,952 | 3,515 | 1,813 | -879 | 934 | 3,233 | 5,111 | 1,183 | -463 | 720 | 2,481 | 999 |
| Net margin | 10.97% | 14.68% | 9.13% | 11.01% | 14.16% | 16.84% | 10.93% | -5.3% | 2.82% | 14.6% | 25.4% | 7.49% | -3.25% | 2.4% | 14.45% | 7.08% |
| EPS | 15.35 | 18.89 | - | 18.50 | 16.36 | - | 10.46 | - | 5.420 | 18.82 | - | 6.930 | - | 4.220 | 14.52 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/3/20 | 2/12/21 | 2/7/22 | 2/7/22 | 5/12/22 | 8/4/22 | 11/1/22 | 2/8/23 | 2/8/23 | 5/11/23 | 8/3/23 | 11/2/23 | 2/7/24 | 2/7/24 | 5/8/24 | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 84,472 | 87,018 | 86,824 | 54,624 | 50,293 | 42,341 | 42,912 | 42,926 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 3,682 | 6,236 | 11,063 | 7,919 | 4,151 | 2,093 | 3,255 | 3,890 |
| ROE (net income / shareholders' equity) | 3.1% | 2.4% | 11.6% | 9.6% | 10.2% | 4.53% | 4.57% | 4.79% |
| ROA (Net income/ Total Assets) | 4.62% | 3.39% | 8.29% | 10.9% | 10.8% | 3.49% | 3.27% | 3.17% |
| Assets 1 | 75,438 | 79,935 | 163,328 | 92,600 | 85,625 | 123,604 | 132,241 | 144,151 |
| Book Value Per Share 2 | 479.0 | 496.0 | 567.0 | 522.0 | 539.0 | 552.0 | 559.0 | 567.0 |
| Cash Flow per Share 2 | 17.50 | 14.50 | 64.80 | 57.50 | 56.00 | 27.70 | 34.70 | 43.50 |
| Capex 1 | 1,141 | 300 | 50 | 1,350 | 429 | 749 | 1,111 | 1,177 |
| Capex / Sales | 1.61% | 0.48% | 0.09% | 1.8% | 0.57% | 1.21% | 1.81% | 1.88% |
| Announcement Date | 8/2/19 | 8/20/20 | 8/6/21 | 8/4/22 | 8/3/23 | - | - | - |
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
C-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
4
Last Close Price
513
JPY
Average target price
598.8
JPY
Spread / Average Target
+16.72%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -8.60% | 560M | |
| -1.23% | 29.03B | |
| +56.49% | 21.93B | |
| -12.74% | 8.51B | |
| -23.61% | 1.97B | |
| -25.10% | 1.42B | |
| +22.49% | 863M | |
| +20.90% | 418M | |
| -16.88% | 400M | |
| +4.82% | 216M |
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- Financials GREE, Inc.
