Financials Persol Holdings Co.,Ltd.

Equities

2181

JP3547670004

Employment Services

Market Closed - Japan Exchange 02:00:00 2024-06-10 am EDT 5-day change 1st Jan Change
223.3 JPY -0.45% Intraday chart for Persol Holdings Co.,Ltd. -2.28% -7.77%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 418,086 250,917 497,968 637,281 605,081 510,414 - -
Enterprise Value (EV) 1 389,850 213,098 477,070 591,999 560,282 478,288 404,314 393,043
P/E ratio 17.2 x 33.2 x 31.5 x 20.2 x 29.6 x 16.1 x 14.9 x 12.8 x
Yield 1.4% 2.76% 1.2% 1.52% 2.3% 4.03% 3.94% 4.48%
Capitalization / Revenue 0.45 x 0.26 x 0.52 x 0.6 x 0.49 x 0.36 x 0.36 x 0.34 x
EV / Revenue 0.42 x 0.22 x 0.5 x 0.56 x 0.46 x 0.36 x 0.29 x 0.26 x
EV / EBITDA 6.5 x 3.78 x 10.9 x 8.82 x 7.33 x 5.85 x 5.29 x 4.18 x
EV / FCF 11.9 x 14 x 19.1 x 13.6 x 18.5 x 7.78 x 6.06 x 7.39 x
FCF Yield 8.42% 7.14% 5.24% 7.37% 5.41% 12.9% 16.5% 13.5%
Price to Book 2.69 x 1.7 x 3.17 x 3.48 x 3.26 x 2.54 x 2.32 x 2.21 x
Nbr of stocks (in thousands) 2,333,069 2,310,465 2,301,145 2,305,649 2,279,884 2,285,778 - -
Reference price 2 179.2 108.6 216.4 276.4 265.4 224.3 224.3 224.3
Announcement Date 5/15/19 5/15/20 5/14/21 5/13/22 5/15/23 5/13/24 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 925,818 970,572 950,722 1,060,893 1,223,967 1,327,123 1,410,890 1,518,454
EBITDA 1 59,972 56,355 43,911 67,149 76,417 76,549 76,406 93,933
EBIT 1 44,111 39,085 26,439 48,143 53,061 52,065 54,661 66,098
Operating Margin 4.76% 4.03% 2.78% 4.54% 4.34% 3.92% 3.87% 4.35%
Earnings before Tax (EBT) 1 42,691 20,331 28,579 50,043 40,716 48,926 52,687 65,591
Net income 1 24,361 7,612 15,834 31,523 20,578 29,971 34,041 41,541
Net margin 2.63% 0.78% 1.67% 2.97% 1.68% 2.26% 2.41% 2.74%
EPS 2 10.44 3.276 6.864 13.68 8.961 13.22 15.05 17.53
Free Cash Flow 1 32,819 15,209 25,021 43,635 30,292 61,514 66,692 53,213
FCF margin 3.54% 1.57% 2.63% 4.11% 2.47% 4.64% 4.73% 3.5%
FCF Conversion (EBITDA) 54.72% 26.99% 56.98% 64.98% 39.64% 51.11% 87.29% 56.65%
FCF Conversion (Net income) 134.72% 199.8% 158.02% 138.42% 147.21% 205.25% 195.92% 128.1%
Dividend per Share 2 2.500 3.000 2.600 4.200 6.100 8.600 8.840 10.05
Announcement Date 5/15/19 5/15/20 5/14/21 5/13/22 5/15/23 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 1 478,956 491,616 465,755 484,967 262,415 512,847 267,343 280,703 548,046 284,100 302,649 586,749 315,318 321,900 637,218 328,703 326,184 654,887 335,740 336,496 344,568 346,230 352,238 356,466
EBITDA - - - - 18,263 - - 12,273 - - - - - - - 19,014 16,025 35,039 18,404 - 19,833 18,603 21,309 18,268
EBIT 1 20,116 18,969 13,875 12,564 13,598 26,735 14,076 7,332 21,408 16,495 14,221 30,716 14,718 7,627 22,345 14,675 11,704 26,379 14,542 11,144 14,459 13,863 16,531 12,332
Operating Margin 4.2% 3.86% 2.98% 2.59% 5.18% 5.21% 5.27% 2.61% 3.91% 5.81% 4.7% 5.23% 4.67% 2.37% 3.51% 4.46% 3.59% 4.03% 4.33% 3.31% 4.2% 4% 4.69% 3.46%
Earnings before Tax (EBT) 1 3,180 17,151 14,693 13,886 12,862 27,024 14,756 8,263 23,019 17,238 14,227 31,465 14,456 -5,205 9,251 14,617 11,365 25,982 14,340 8,604 - - - -
Net income 1 -5,177 12,789 7,644 8,190 7,060 15,547 8,385 7,591 15,976 10,301 8,488 18,789 8,373 -6,584 1,789 9,369 7,399 16,768 8,441 4,762 9,275 8,779 10,666 8,284
Net margin -1.08% 2.6% 1.64% 1.69% 2.69% 3.03% 3.14% 2.7% 2.92% 3.63% 2.8% 3.2% 2.66% -2.05% 0.28% 2.85% 2.27% 2.56% 2.51% 1.42% 2.69% 2.54% 3.03% 2.32%
EPS -2.220 - 3.308 - - 6.754 3.638 - - 4.468 - 8.152 3.650 - - 4.138 - 7.410 3.710 - - - - -
Dividend per Share 1.500 - 1.300 - - 2.000 - - - - - 2.100 - - - - - 4.300 - - - - - -
Announcement Date 11/12/19 5/15/20 11/10/20 5/14/21 11/11/21 11/11/21 2/14/22 5/13/22 5/13/22 8/10/22 11/11/22 11/11/22 2/10/23 5/15/23 5/15/23 8/10/23 11/10/23 11/10/23 2/14/24 5/13/24 - - - -
1JPY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 28,236 37,819 20,898 45,282 44,799 62,780 106,100 117,371
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 32,819 15,209 25,021 43,635 30,292 61,514 66,692 53,213
ROE (net income / shareholders' equity) 16.2% 5% 10.4% 18.6% 11.2% 16.6% 16.6% 19%
ROA (Net income/ Total Assets) 11.4% 10.6% 7.73% 12.3% 12.3% 10.2% 7.01% 7.89%
Assets 1 214,438 71,731 204,767 256,468 167,796 294,310 485,522 526,769
Book Value Per Share 2 66.70 64.00 68.30 79.40 81.50 84.20 96.70 101.0
Cash Flow per Share 2 13.50 7.350 11.50 19.00 16.00 26.10 26.10 30.90
Capex 1 9,534 13,383 12,553 11,703 14,293 16,239 19,847 20,358
Capex / Sales 1.03% 1.38% 1.32% 1.1% 1.17% 1.22% 1.41% 1.34%
Announcement Date 5/15/19 5/15/20 5/14/21 5/13/22 5/15/23 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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
224.3 JPY
Average target price
271.2 JPY
Spread / Average Target
+20.91%
Consensus
  1. Stock Market
  2. Equities
  3. 2181 Stock
  4. Financials Persol Holdings Co.,Ltd.