APPIER GROUP, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,347 JPY | +0.45% |
|
-0.66% | -27.19% |
| May. 17 | Appier Group Issues over 28,000 Stock Rights as Restricted Compensation | MT |
| Apr. 25 | Appier Partners with Nespresso to Revolutionize Community Engagement and Growth | CI |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 134,784 | 137,839 | 188,437 | 136,760 | - | - |
| Enterprise Value (EV) 1 | 115,381 | 125,163 | 177,647 | 125,125 | 125,467 | 124,732 |
| P/E ratio | -111 x | 6,467 x | 188 x | 61.8 x | 28.5 x | 19.2 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 10.6 x | 7.1 x | 7.13 x | 3.92 x | 3.1 x | 2.53 x |
| EV / Revenue | 9.11 x | 6.44 x | 6.72 x | 3.59 x | 2.84 x | 2.3 x |
| EV / EBITDA | 2,726 x | 91.8 x | 62.7 x | 27.2 x | 16.3 x | 11.2 x |
| EV / FCF | -11.7 x | 141 x | 42.3 x | 189 x | 40.3 x | 22.3 x |
| FCF Yield | -8.51% | 0.71% | 2.36% | 0.53% | 2.48% | 4.48% |
| Price to Book | 5.91 x | 5.26 x | 6.48 x | 4.23 x | 3.77 x | 3.14 x |
| Nbr of stocks (in thousands) | 101,113 | 101,502 | 101,858 | 101,984 | - | - |
| Reference price 2 | 1,333 | 1,358 | 1,850 | 1,341 | 1,341 | 1,341 |
| Announcement Date | 2/14/22 | 2/13/23 | 2/14/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,970 | 12,661 | 19,427 | 26,418 | 34,879 | 44,165 | 54,152 |
| EBITDA 1 | - | 42.33 | 1,363 | 2,834 | 4,600 | 7,685 | 11,169 |
| EBIT 1 | -1,578 | -1,117 | 50.27 | 800.6 | 2,231 | 5,367 | 8,266 |
| Operating Margin | -17.59% | -8.82% | 0.26% | 3.03% | 6.4% | 12.15% | 15.26% |
| Earnings before Tax (EBT) 1 | -1,557 | -1,170 | 111 | 1,063 | 2,258 | 5,388 | 8,550 |
| Net income 1 | -1,453 | -1,179 | 21.32 | 1,002 | 2,209 | 4,798 | 7,109 |
| Net margin | -16.2% | -9.31% | 0.11% | 3.79% | 6.33% | 10.86% | 13.13% |
| EPS 2 | -16.02 | -11.97 | 0.2100 | 9.850 | 21.69 | 47.07 | 69.71 |
| Free Cash Flow 1 | -1,350 | -9,822 | 889 | 4,196 | 662.5 | 3,116 | 5,590 |
| FCF margin | -15.05% | -77.58% | 4.58% | 15.88% | 1.9% | 7.06% | 10.32% |
| FCF Conversion (EBITDA) | - | - | 65.22% | 148.05% | 14.4% | 40.55% | 50.05% |
| FCF Conversion (Net income) | - | - | 4,169.4% | 418.84% | 29.99% | 64.95% | 78.62% |
| Dividend per Share 2 | - | - | - | - | - | - | - |
| Announcement Date | 3/31/21 | 2/14/22 | 2/13/23 | 2/14/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 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 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,550 | 3,905 | 4,197 | 4,360 | 8,557 | 5,112 | 5,757 | 5,552 | 6,170 | 11,722 | 7,080 | 7,616 | 7,374 | 8,275 | 9,322 | 9,948 |
| EBITDA 1 | - | 406.7 | 262 | 213 | - | 357 | 531 | 386 | 550 | - | 856 | 1,042 | 736 | 1,002 | 1,542 | 1,762 |
| EBIT 1 | -782.7 | -148.4 | 3 | -95.16 | -91.98 | 4.996 | 137.3 | -31.33 | 79.37 | 48 | 313.5 | 439.1 | 65 | 336 | 837 | 1,062 |
| Operating Margin | -14.1% | -3.8% | 0.07% | -2.18% | -1.07% | 0.1% | 2.38% | -0.56% | 1.29% | 0.41% | 4.43% | 5.77% | 0.88% | 4.06% | 8.98% | 10.67% |
| Earnings before Tax (EBT) 1 | -815 | - | -27 | - | -195 | -28 | - | -11 | 122 | 110 | 318.4 | 633.8 | 80 | 379 | 890 | 1,177 |
| Net income 1 | -858 | -110.6 | -46 | -186.8 | -233 | -55.36 | 309.9 | -34 | 115.3 | 82 | 301.5 | 618.6 | 57 | 338 | 793 | 1,021 |
| Net margin | -15.46% | -2.83% | -1.1% | -4.28% | -2.72% | -1.08% | 5.38% | -0.61% | 1.87% | 0.7% | 4.26% | 8.12% | 0.77% | 4.08% | 8.51% | 10.26% |
| EPS | -8.950 | -1.030 | -0.4600 | -1.840 | -2.300 | -0.5500 | 3.060 | -0.3300 | - | 0.8000 | 2.970 | - | 0.5600 | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/5/21 | 2/14/22 | 5/9/22 | 8/12/22 | 8/12/22 | 11/14/22 | 2/13/23 | 5/15/23 | 8/14/23 | 8/14/23 | 11/13/23 | 2/14/24 | 5/14/24 | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 19,403 | 12,676 | 10,790 | 11,635 | 11,293 | 12,028 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -1,350 | -9,822 | 889 | 4,196 | 663 | 3,116 | 5,590 |
| ROE (net income / shareholders' equity) | - | -7.7% | 0.1% | 3.6% | 6.55% | 13.1% | 17.8% |
| ROA (Net income/ Total Assets) | - | -5.37% | 0.06% | 2.72% | 5.38% | 10.2% | 14.7% |
| Assets 1 | - | 21,958 | 33,578 | 36,895 | 41,052 | 47,079 | 48,435 |
| Book Value Per Share 2 | 84.50 | 226.0 | 258.0 | 286.0 | 317.0 | 355.0 | 427.0 |
| Cash Flow per Share 2 | - | -4.670 | 13.10 | 29.80 | 40.20 | 64.10 | 88.10 |
| Capex 1 | 511 | 1,520 | 107 | - | 2,731 | 2,747 | 2,764 |
| Capex / Sales | 5.7% | 12.01% | 0.55% | - | 7.83% | 6.22% | 5.1% |
| Announcement Date | 3/31/21 | 2/14/22 | 2/13/23 | 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
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
1,341
JPY
Average target price
2,450
JPY
Spread / Average Target
+82.70%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -27.19% | 880M | |
| -13.48% | 191B | |
| +1.53% | 167B | |
| +3.37% | 155B | |
| +8.31% | 103B | |
| +35.49% | 83.67B | |
| +11.29% | 82.06B | |
| -6.43% | 71.76B | |
| -18.66% | 54.05B | |
| -8.68% | 43.53B |
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- Financials Appier Group, Inc.
