RAKUTEN GROUP, INC. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 781.9 JPY | +0.51% |
|
-1.29% | +24.51% |
| May. 23 | Rakuten, eBay team up to test US market for used Japanese fashion goods | RE |
| May. 23 | Philippine Senate Votes in Favor of 12% VAT on Digital Services | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,267,418 | 1,353,105 | 1,824,892 | 947,676 | 1,344,972 | 1,677,085 | - | - |
| Enterprise Value (EV) 1 | 1,515,957 | 819,256 | 817,503 | 1,004,995 | 830,264 | 74,770 | -762,935 | -1,253,808 |
| P/E ratio | -39.7 x | -11.8 x | -13.2 x | -2.54 x | -3.54 x | -22.8 x | 107 x | 27.9 x |
| Yield | 0.48% | 0.45% | 0.39% | 0.76% | - | 0.25% | 0.29% | 0.21% |
| Capitalization / Revenue | 1 x | 0.93 x | 1.09 x | 0.49 x | 0.65 x | 0.74 x | 0.68 x | 0.63 x |
| EV / Revenue | 1.2 x | 0.56 x | 0.49 x | 0.52 x | 0.4 x | 0.03 x | -0.31 x | -0.47 x |
| EV / EBITDA | 8.46 x | 14.2 x | 311 x | -10.3 x | 9.55 x | 0.32 x | -2.14 x | -2.97 x |
| EV / FCF | 47.3 x | 1.11 x | -28.1 x | - | 6.55 x | -1.49 x | -1.87 x | -2.27 x |
| FCF Yield | 2.11% | 90.1% | -3.56% | - | 15.3% | -66.9% | -53.5% | -44% |
| Price to Book | 1.72 x | 2.22 x | 1.67 x | 1.16 x | 1.61 x | 2.07 x | 2.1 x | 2.06 x |
| Nbr of stocks (in thousands) | 1,355,527 | 1,361,273 | 1,581,362 | 1,590,060 | 2,141,675 | 2,144,885 | - | - |
| Reference price 2 | 935.0 | 994.0 | 1,154 | 596.0 | 628.0 | 781.9 | 781.9 | 781.9 |
| Announcement Date | 2/13/20 | 2/12/21 | 2/14/22 | 2/14/23 | 2/14/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,263,932 | 1,455,538 | 1,681,757 | 1,927,878 | 2,071,315 | 2,266,140 | 2,467,203 | 2,651,142 |
| EBITDA 1 | 179,115 | 57,657 | 2,627 | -97,774 | 86,914 | 230,312 | 355,881 | 421,621 |
| EBIT 1 | 72,745 | -93,849 | -194,726 | -363,892 | -212,857 | -66,477 | 65,310 | 138,576 |
| Operating Margin | 5.76% | -6.45% | -11.58% | -18.88% | -10.28% | -2.93% | 2.65% | 5.23% |
| Earnings before Tax (EBT) 1 | -44,558 | -151,016 | -212,630 | -407,894 | -217,741 | -97,405 | 33,427 | 108,755 |
| Net income 1 | -31,888 | -114,199 | -133,828 | -372,884 | -339,473 | -62,237 | -3,625 | 41,217 |
| Net margin | -2.52% | -7.85% | -7.96% | -19.34% | -16.39% | -2.75% | -0.15% | 1.55% |
| EPS 2 | -23.55 | -84.00 | -87.62 | -235.0 | -177.3 | -34.36 | 7.307 | 27.98 |
| Free Cash Flow 1 | 32,030 | 738,044 | -29,123 | - | 126,776 | -50,023 | 407,988 | 552,093 |
| FCF margin | 2.53% | 50.71% | -1.73% | - | 6.12% | -2.21% | 16.54% | 20.82% |
| FCF Conversion (EBITDA) | 17.88% | 1,280.06% | - | - | 145.86% | - | 114.64% | 130.95% |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | 1,339.49% |
| Dividend per Share 2 | 4.500 | 4.500 | 4.500 | 4.500 | - | 1.987 | 2.287 | 1.630 |
| Announcement Date | 2/13/20 | 2/12/21 | 2/14/22 | 2/14/23 | 2/14/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q4 | 2022 Q1 | 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 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 678,768 | 793,671 | 481,183 | 437,127 | 456,471 | 893,598 | 471,110 | 563,170 | 475,635 | 497,165 | 972,800 | 518,439 | 580,076 | 513,624 | 526,599 | 1,009,700 | 557,289 | 658,716 | - | - |
| EBITDA 1 | - | - | -29,443 | -41,376 | -19,175 | - | - | - | - | 39,755 | - | - | - | - | 62,416 | - | 72,412 | 83,718 | - | - |
| EBIT 1 | -20,721 | -100,889 | -86,364 | -112,604 | -84,471 | -197,075 | -90,018 | -76,799 | -76,194 | -48,893 | -125,087 | -54,491 | -33,279 | -33,272 | -18,329 | -64,100 | -6,273 | 6,140 | - | - |
| Operating Margin | -3.05% | -12.71% | -17.95% | -25.76% | -18.51% | -22.05% | -19.11% | -13.64% | -16.02% | -9.83% | -12.86% | -10.51% | -5.74% | -6.48% | -3.48% | -6.35% | -1.13% | 0.93% | - | - |
| Earnings before Tax (EBT) 1 | -40,352 | -81,764 | -107,067 | -118,681 | -95,806 | -214,487 | -97,571 | -95,836 | -79,403 | -43,222 | -122,625 | -57,819 | -37,297 | -28,469 | -23,739 | - | -13,271 | -14,269 | - | - |
| Net income 1 | -27,485 | -65,438 | -41,566 | -91,412 | -85,205 | -176,617 | -81,473 | -114,794 | -82,567 | -57,418 | -139,985 | -68,462 | -131,026 | -42,394 | -29,546 | - | -23,123 | -5,203 | - | - |
| Net margin | -4.05% | -8.24% | -8.64% | -20.91% | -18.67% | -19.76% | -17.29% | -20.38% | -17.36% | -11.55% | -14.39% | -13.21% | -22.59% | -8.25% | -5.61% | - | -4.15% | -0.79% | - | - |
| EPS 2 | -20.24 | -44.40 | -26.49 | -57.76 | -53.72 | -111.5 | -51.30 | -72.23 | -51.88 | -32.27 | -83.04 | -30.33 | -63.90 | -19.78 | -11.07 | - | -8.268 | -2.241 | - | - |
| Dividend per Share 2 | - | - | 4.500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.500 | - | - |
| Announcement Date | 8/11/20 | 8/11/21 | 2/14/22 | 5/13/22 | 8/10/22 | 8/10/22 | 11/11/22 | 2/14/23 | 5/12/23 | 8/10/23 | 8/10/23 | 11/9/23 | 2/14/24 | 5/14/24 | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 248,539 | - | - | 57,319 | - | - | - | - |
| Net Cash position 1 | - | 533,849 | 1,007,389 | - | 514,708 | 1,602,315 | 2,440,020 | 2,930,894 |
| Leverage (Debt/EBITDA) | 1.388 x | - | - | -0.5862 x | - | - | - | - |
| Free Cash Flow 1 | 32,030 | 738,044 | -29,123 | - | 126,776 | -50,023 | 407,989 | 552,093 |
| ROE (net income / shareholders' equity) | -4.2% | -17% | -15.7% | -39.1% | -41.7% | -9.49% | -1.59% | 7.17% |
| ROA (Net income/ Total Assets) | -0.54% | -1.39% | -1.45% | -2.19% | -1.01% | -0.42% | -0.08% | 0.22% |
| Assets 1 | 5,907,920 | 8,201,064 | 9,238,118 | 17,034,834 | 33,568,978 | 14,687,129 | 4,281,276 | 18,593,741 |
| Book Value Per Share 2 | 542.0 | 447.0 | 691.0 | 512.0 | 391.0 | 378.0 | 373.0 | 380.0 |
| Cash Flow per Share 2 | 55.00 | 27.40 | 41.60 | -67.30 | -20.70 | 109.0 | 167.0 | 202.0 |
| Capex 1 | 207,238 | 385,074 | 410,641 | 588,219 | 385,874 | 264,737 | 248,793 | 257,930 |
| Capex / Sales | 16.4% | 26.46% | 24.42% | 30.51% | 18.63% | 11.68% | 10.08% | 9.73% |
| Announcement Date | 2/13/20 | 2/12/21 | 2/14/22 | 2/14/23 | 2/14/24 | - | - | - |
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
HOLD
Number of Analysts
15
Last Close Price
781.9
JPY
Average target price
853.8
JPY
Spread / Average Target
+9.20%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +24.51% | 10.66B | |
| +5.00% | 204B | |
| +4.24% | 201B | |
| +45.91% | 95.72B | |
| +8.65% | 88.05B | |
| -26.01% | 75.64B | |
| +9.22% | 51.87B | |
| +21.07% | 26.74B | |
| -10.42% | 8.96B | |
| -25.69% | 5.14B |
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- Financials Rakuten Group, Inc.
