SONY GROUP CORPORATION |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 13,910 JPY | -0.36% |
|
+4.51% | +3.73% |
| Jul. 02 | Japan's Nikkei reclaims 40,000 level on weak yen, foreign buying | RE |
| Jul. 01 | Jefferies Adjusts Sony Group's Price Target to 19,450 Yen From 19,250 Yen, Keeps at Buy | MT |
Valuation
| Fiscal Period: Marzo | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 7,752,780 | 14,359,560 | 15,764,488 | 14,793,605 | 15,927,659 | 17,035,679 | - | - |
| Enterprise Value (EV) 1 | 5,867,600 | 11,763,001 | 16,705,787 | 16,854,920 | 17,710,826 | 19,018,257 | 18,650,129 | 17,714,041 |
| P/E ratio | 13.6 x | 12.2 x | 17.9 x | 15.8 x | 16.5 x | 17 x | 15.5 x | 14.5 x |
| Yield | 0.7% | 0.47% | 0.51% | 0.63% | 0.65% | 0.71% | 0.76% | 0.84% |
| Capitalization / Revenue | 0.94 x | 1.6 x | 1.59 x | 1.28 x | 1.22 x | 1.36 x | 1.34 x | 1.32 x |
| EV / Revenue | 0.71 x | 1.31 x | 1.68 x | 1.46 x | 1.36 x | 1.52 x | 1.46 x | 1.38 x |
| EV / EBITDA | 4.65 x | 8.63 x | 8.2 x | 7.62 x | 7.52 x | 8.86 x | 8.24 x | 7.65 x |
| EV / FCF | -2,316 x | -27.3 x | 21.1 x | -56.4 x | 23.6 x | 16 x | 15 x | 14.5 x |
| FCF Yield | -0.04% | -3.67% | 4.74% | -1.77% | 4.23% | 6.25% | 6.66% | 6.91% |
| Price to Book | 1.9 x | 2.58 x | 2.2 x | 2.05 x | 2.09 x | 2.07 x | 1.94 x | 1.76 x |
| Nbr of stocks (in thousands) | 1,207,410 | 1,238,427 | 1,238,373 | 1,234,343 | 1,226,620 | 1,220,321 | - | - |
| Reference price 2 | 6,421 | 11,595 | 12,730 | 11,985 | 12,985 | 13,960 | 13,960 | 13,960 |
| Announcement Date | 5/13/20 | 4/28/21 | 5/10/22 | 4/28/23 | 5/14/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,259,885 | 8,999,360 | 9,921,513 | 11,539,837 | 13,020,768 | 12,516,257 | 12,743,083 | 12,865,378 |
| EBITDA 1 | 1,262,101 | 1,362,558 | 2,037,572 | 2,212,796 | 2,353,812 | 2,146,726 | 2,262,992 | 2,314,658 |
| EBIT 1 | 845,459 | 971,865 | 1,202,339 | 1,208,206 | 1,208,831 | 1,315,634 | 1,440,931 | 1,521,769 |
| Operating Margin | 10.24% | 10.8% | 12.12% | 10.47% | 9.28% | 10.51% | 11.31% | 11.83% |
| Earnings before Tax (EBT) 1 | 799,450 | 1,192,370 | 1,117,503 | 1,180,313 | 1,268,662 | 1,313,775 | 1,439,138 | 1,515,031 |
| Net income 1 | 582,191 | 1,171,776 | 882,178 | 937,126 | 970,573 | 994,202 | 1,083,036 | 1,141,633 |
| Net margin | 7.05% | 13.02% | 8.89% | 8.12% | 7.45% | 7.94% | 8.5% | 8.87% |
| EPS 2 | 471.6 | 952.3 | 711.8 | 758.4 | 788.3 | 820.4 | 900.1 | 961.2 |
| Free Cash Flow 1 | -2,533 | -431,366 | 792,547 | -298,944 | 749,267 | 1,189,334 | 1,242,275 | 1,223,422 |
| FCF margin | -0.03% | -4.79% | 7.99% | -2.59% | 5.75% | 9.5% | 9.75% | 9.51% |
| FCF Conversion (EBITDA) | - | - | 38.9% | - | 31.83% | 55.4% | 54.9% | 52.86% |
| FCF Conversion (Net income) | - | - | 89.84% | - | 77.2% | 119.63% | 114.7% | 107.16% |
| Dividend per Share 2 | 45.00 | 55.00 | 65.00 | 75.00 | 85.00 | 98.85 | 106.3 | 117.0 |
| Announcement Date | 5/13/20 | 4/28/21 | 5/10/22 | 4/28/23 | 5/14/24 | - | - | - |
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 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 | 2026 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,211,902 | 4,082,405 | 4,916,955 | 4,626,208 | 3,031,319 | 2,263,986 | 5,295,305 | 2,311,494 | 2,751,879 | 5,063,373 | 3,412,914 | 3,063,550 | 6,476,464 | 2,963,652 | 2,828,623 | 5,792,275 | 3,438,092 | 3,480,966 | 7,228,493 | 2,674,357 | 2,996,145 | 3,709,090 | 3,070,189 | 2,790,180 |
| EBITDA 1 | - | - | - | - | 701,384 | 353,747 | - | 552,434 | 586,184 | - | 676,766 | 379,412 | - | 504,809 | 425,900 | - | 628,300 | 522,393 | - | 443,037 | 526,988 | 650,410 | 476,739 | - |
| EBIT 1 | 335,579 | 546,159 | 425,706 | 598,527 | 465,183 | 138,629 | 603,812 | 306,963 | 344,042 | 651,005 | 428,737 | 128,464 | - | 253,042 | 263,009 | 516,051 | 463,338 | 229,442 | 692,780 | 266,167 | 340,896 | 443,833 | 260,178 | 326,568 |
| Operating Margin | 7.97% | 13.38% | 8.66% | 12.94% | 15.35% | 6.12% | 11.4% | 13.28% | 12.5% | 12.86% | 12.56% | 4.19% | - | 8.54% | 9.3% | 8.91% | 13.48% | 6.59% | 9.58% | 9.95% | 11.38% | 11.97% | 8.47% | 11.7% |
| Earnings before Tax (EBT) 1 | 306,338 | 619,523 | 572,847 | 566,309 | 461,569 | 89,625 | 551,194 | 291,376 | 345,756 | 637,132 | 398,579 | 144,602 | 543,181 | 276,034 | 257,595 | 533,629 | 458,555 | 276,478 | 735,033 | 262,350 | 342,233 | 413,333 | 256,933 | 327,800 |
| Net income 1 | 242,182 | 692,885 | 478,891 | 424,935 | 346,161 | 111,082 | 457,243 | 218,196 | 263,963 | 482,159 | 326,809 | 128,158 | 454,967 | 217,545 | 200,105 | 417,650 | 363,918 | 189,005 | 552,923 | 187,908 | 249,075 | 315,840 | 189,670 | 246,700 |
| Net margin | 5.75% | 16.97% | 9.74% | 9.19% | 11.42% | 4.91% | 8.63% | 9.44% | 9.59% | 9.52% | 9.58% | 4.18% | 7.02% | 7.34% | 7.07% | 7.21% | 10.58% | 5.43% | 7.65% | 7.03% | 8.31% | 8.52% | 6.18% | 8.84% |
| EPS 2 | 198.1 | 566.0 | 386.3 | 342.8 | 279.2 | 89.81 | 369.0 | 176.5 | 213.4 | 389.9 | 264.5 | 104.0 | 368.5 | 176.3 | 162.2 | 338.5 | 295.7 | 154.1 | 449.8 | 161.1 | 208.8 | 253.8 | 156.9 | - |
| Dividend per Share 2 | 25.00 | 25.00 | 30.00 | 30.00 | - | 35.00 | 35.00 | - | 35.00 | 35.00 | - | 40.00 | 40.00 | - | 40.00 | 40.00 | - | 45.00 | 45.00 | - | 50.00 | - | 10.00 | - |
| Announcement Date | 5/13/20 | 10/28/20 | 4/28/21 | 10/28/21 | 2/2/22 | 5/10/22 | 5/10/22 | 7/29/22 | 11/1/22 | 11/1/22 | 2/2/23 | 4/28/23 | 4/28/23 | 8/9/23 | 11/9/23 | 11/9/23 | 2/14/24 | 5/14/24 | 5/14/24 | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 941,299 | 2,061,315 | 1,783,167 | 1,982,578 | 1,614,450 | 678,362 |
| Net Cash position 1 | 1,885,180 | 2,596,559 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 0.462 x | 0.9315 x | 0.7576 x | 0.9235 x | 0.7134 x | 0.2931 x |
| Free Cash Flow 1 | -2,533 | -431,366 | 792,547 | -298,944 | 749,267 | 1,189,334 | 1,242,275 | 1,223,422 |
| ROE (net income / shareholders' equity) | 14.8% | 24.2% | 12.8% | 13% | 13.7% | 12.4% | 12.4% | 12.2% |
| ROA (Net income/ Total Assets) | 3.63% | 4.83% | 3.93% | 3.78% | 3.84% | 3% | 3.32% | 3.53% |
| Assets 1 | 16,028,870 | 24,270,523 | 22,433,635 | 24,820,190 | 25,303,080 | 33,133,650 | 32,662,886 | 32,376,636 |
| Book Value Per Share 2 | 3,381 | 4,499 | 5,776 | 5,856 | 6,212 | 6,747 | 7,189 | 7,936 |
| Cash Flow per Share 2 | 809.0 | 1,270 | 1,442 | 1,640 | 1,718 | 1,589 | 1,563 | 1,648 |
| Capex 1 | 439,761 | 512,239 | 441,096 | 613,635 | 623,946 | 643,054 | 631,287 | 629,727 |
| Capex / Sales | 5.32% | 5.69% | 4.45% | 5.32% | 4.79% | 5.14% | 4.95% | 4.89% |
| Announcement Date | 5/13/20 | 4/28/21 | 5/10/22 | 4/28/23 | 5/14/24 | - | - | - |
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
BUY
Number of Analysts
21
Last Close Price
13,960
JPY
Average target price
16,595
JPY
Spread / Average Target
+18.88%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +3.73% | 105B | |
| -6.55% | 19.12B | |
| +5.30% | 13.19B | |
| +94.28% | 8.97B | |
| +10.83% | 3.99B | |
| -6.28% | 3.78B | |
| +3.67% | 3.6B | |
| +32.61% | 3.18B | |
| -18.64% | 2.83B | |
| -15.50% | 2.84B |
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