RECRUIT HOLDINGS CO., LTD |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9,093 JPY | +3.07% |
|
+5.65% | +52.49% |
| Jul. 02 | Transcript : Recruit Holdings Co., Ltd. - Special Call | |
| Jun. 26 | Tranche Update on Recruit Holdings Co., Ltd.'s Equity Buyback Plan announced on December 13, 2023. | CI |
Valuation
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,609,566 | 8,826,247 | 8,846,811 | 5,771,525 | 10,355,096 | 14,115,462 | - | - |
| Enterprise Value (EV) 1 | 4,556,606 | 8,703,929 | 8,237,911 | 4,929,525 | 9,219,696 | 12,925,733 | 12,841,910 | 12,649,333 |
| P/E ratio | 25.8 x | 67.7 x | 29.8 x | 21.7 x | 29.7 x | 37.6 x | 31.6 x | 28.2 x |
| Yield | 1.07% | 0.37% | 0.39% | 0.6% | 0.34% | 0.28% | 0.34% | 0.4% |
| Capitalization / Revenue | 1.92 x | 3.89 x | 3.08 x | 1.68 x | 3.03 x | 4.01 x | 3.77 x | 3.52 x |
| EV / Revenue | 1.9 x | 3.84 x | 2.87 x | 1.44 x | 2.7 x | 3.67 x | 3.43 x | 3.15 x |
| EV / EBITDA | 14 x | 36 x | 17.2 x | 9.04 x | 15.4 x | 20.7 x | 18.3 x | 16.1 x |
| EV / FCF | 21.3 x | 35.3 x | 22.3 x | 12.2 x | 19.8 x | 32.6 x | 28.2 x | 23.9 x |
| FCF Yield | 4.7% | 2.83% | 4.48% | 8.23% | 5.05% | 3.06% | 3.54% | 4.18% |
| Price to Book | 4.66 x | 8.09 x | 6.39 x | 3.54 x | 5.18 x | 6.73 x | 6.28 x | 5.52 x |
| Nbr of stocks (in thousands) | 1,648,629 | 1,634,188 | 1,634,062 | 1,581,240 | 1,543,924 | 1,552,344 | - | - |
| Reference price 2 | 2,796 | 5,401 | 5,414 | 3,650 | 6,707 | 9,093 | 9,093 | 9,093 |
| Announcement Date | 5/27/20 | 5/17/21 | 5/16/22 | 5/15/23 | 5/15/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,399,465 | 2,269,346 | 2,871,705 | 3,429,519 | 3,416,492 | 3,522,107 | 3,745,365 | 4,010,386 |
| EBITDA 1 | 325,159 | 241,658 | 479,370 | 545,043 | 598,397 | 623,181 | 700,418 | 785,233 |
| EBIT 1 | 206,011 | 162,823 | 378,929 | 344,303 | 402,526 | 475,879 | 549,164 | 613,644 |
| Operating Margin | 8.59% | 7.17% | 13.2% | 10.04% | 11.78% | 13.51% | 14.66% | 15.3% |
| Earnings before Tax (EBT) 1 | 226,149 | 168,502 | 382,749 | 367,767 | 426,241 | 484,358 | 560,892 | 643,419 |
| Net income 1 | 179,880 | 131,393 | 296,833 | 269,799 | 353,654 | 372,962 | 428,099 | 484,654 |
| Net margin | 7.5% | 5.79% | 10.34% | 7.87% | 10.35% | 10.59% | 11.43% | 12.08% |
| EPS 2 | 108.3 | 79.83 | 181.7 | 168.6 | 226.0 | 241.6 | 288.2 | 322.2 |
| Free Cash Flow 1 | 214,332 | 246,224 | 368,872 | 405,517 | 465,433 | 396,152 | 454,956 | 529,197 |
| FCF margin | 8.93% | 10.85% | 12.85% | 11.82% | 13.62% | 11.25% | 12.15% | 13.2% |
| FCF Conversion (EBITDA) | 65.92% | 101.89% | 76.95% | 74.4% | 77.78% | 63.57% | 64.95% | 67.39% |
| FCF Conversion (Net income) | 119.15% | 187.4% | 124.27% | 150.3% | 131.61% | 106.22% | 106.27% | 109.19% |
| Dividend per Share 2 | 30.00 | 20.00 | 21.00 | 22.00 | 23.00 | 25.38 | 31.26 | 36.49 |
| Announcement Date | 5/27/20 | 5/17/21 | 5/16/22 | 5/15/23 | 5/15/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S2 | 2021 S1 | 2021 S2 | 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 S1 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,198,264 | 1,044,621 | 1,224,725 | 1,365,907 | 746,056 | 759,700 | 1,505,798 | 843,175 | 878,400 | 1,721,600 | 880,100 | 827,700 | 1,707,870 | 850,828 | 855,100 | 1,705,900 | 866,700 | 843,700 | 869,195 | 871,221 | 1,720,700 | 891,655 | 867,445 |
| EBITDA 1 | - | - | 118,236 | - | 134,838 | 78,100 | 213,011 | 152,336 | 145,300 | 297,600 | 138,200 | 76,700 | - | 165,900 | 162,200 | 328,100 | 158,200 | 111,900 | 171,676 | 171,559 | - | 164,925 | 141,960 |
| EBIT 1 | 63,352 | 74,729 | 88,094 | 222,928 | 110,657 | 45,300 | 156,001 | 119,371 | 108,500 | 227,900 | 96,800 | 19,400 | 116,403 | 121,654 | 116,100 | 237,800 | 108,900 | 55,700 | 122,872 | 124,497 | 243,600 | 121,712 | 95,486 |
| Operating Margin | 5.29% | 7.15% | 7.19% | 16.32% | 14.83% | 5.96% | 10.36% | 14.16% | 12.35% | 13.24% | 11% | 2.34% | 6.82% | 14.3% | 13.58% | 13.94% | 12.56% | 6.6% | 14.14% | 14.29% | 14.16% | 13.65% | 11.01% |
| Earnings before Tax (EBT) 1 | 68,315 | 78,490 | 90,012 | 223,843 | 112,663 | 46,242 | 158,906 | 120,060 | 110,300 | 230,300 | 105,600 | 31,600 | 137,467 | 130,263 | 130,784 | 261,047 | 120,985 | 44,200 | 129,732 | 138,084 | 268,000 | 133,679 | 95,792 |
| Net income 1 | 65,732 | 62,533 | 68,860 | 165,169 | 83,252 | 48,400 | 131,664 | 84,472 | 85,200 | 169,700 | 77,800 | 22,100 | 100,099 | 98,060 | 115,000 | 213,000 | 106,300 | 34,200 | 102,685 | 105,323 | 194,400 | 98,427 | 74,730 |
| Net margin | 5.49% | 5.99% | 5.62% | 12.09% | 11.16% | 6.37% | 8.74% | 10.02% | 9.7% | 9.86% | 8.84% | 2.67% | 5.86% | 11.53% | 13.45% | 12.49% | 12.26% | 4.05% | 11.81% | 12.09% | 11.3% | 11.04% | 8.61% |
| EPS | - | 37.92 | - | 101.1 | 50.95 | 29.67 | - | 52.48 | 52.96 | 105.4 | 48.61 | 14.54 | - | 62.04 | 73.46 | 135.4 | 68.03 | 22.08 | - | - | - | - | - |
| Dividend per Share | - | 9.500 | - | 10.50 | - | 10.50 | - | - | 11.00 | 11.00 | - | 11.00 | - | - | 11.50 | 11.50 | - | - | - | - | - | - | - |
| Announcement Date | 5/27/20 | 11/16/20 | 5/17/21 | 11/15/21 | 2/14/22 | 5/16/22 | 5/16/22 | 8/12/22 | 11/14/22 | 11/14/22 | 2/13/23 | 5/15/23 | 5/15/23 | 8/10/23 | 11/8/23 | 11/8/23 | 2/9/24 | 5/15/24 | - | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 52,960 | 122,318 | 608,900 | 842,000 | 1,135,400 | 1,189,729 | 1,273,552 | 1,466,128 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 214,332 | 246,224 | 368,872 | 405,517 | 465,433 | 396,152 | 454,956 | 529,197 |
| ROE (net income / shareholders' equity) | 18.4% | 12.6% | 24.2% | 18% | 19.5% | 17.9% | 20.3% | 21.9% |
| ROA (Net income/ Total Assets) | 12.1% | 8.03% | 16.6% | 14.1% | 14.4% | 11.8% | 13.4% | 14.7% |
| Assets 1 | 1,490,549 | 1,635,777 | 1,791,533 | 1,913,567 | 2,463,362 | 3,161,361 | 3,204,260 | 3,306,345 |
| Book Value Per Share 2 | 600.0 | 668.0 | 847.0 | 1,030 | 1,295 | 1,352 | 1,449 | 1,648 |
| Cash Flow per Share 2 | 178.0 | 153.0 | 257.0 | 245.0 | 301.0 | 314.0 | 368.0 | 416.0 |
| Capex 1 | 83,259 | 58,314 | 64,385 | 76,756 | 69,929 | 66,357 | 68,205 | 71,062 |
| Capex / Sales | 3.47% | 2.57% | 2.24% | 2.24% | 2.05% | 1.88% | 1.82% | 1.77% |
| Announcement Date | 5/27/20 | 5/17/21 | 5/16/22 | 5/15/23 | 5/15/24 | - | - | - |
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
BUY
Number of Analysts
12
Last Close Price
9,093
JPY
Average target price
8,762
JPY
Spread / Average Target
-3.65%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +52.49% | 87.84B | |
| -1.32% | 42.33B | |
| -17.26% | 4.98B | |
| -27.55% | 1.77B | |
| +18.92% | 1.62B | |
| -9.75% | 1.15B | |
| -31.61% | 1.06B | |
| +12.37% | 847M | |
| +35.64% | 820M | |
| +110.08% | 827M |
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- Financials Recruit Holdings Co., Ltd
