Financials Hokuhoku Financial Group, Inc.

Equities

8377

JP3842400008

Banks

Delayed Japan Exchange Other stock markets 08:00:00 08/05/2024 am IST			5-day change	1st Jan Change
1,857 ^JPY	-0.99%		-2.95%	+21.89%

25/04	Hokuhoku Financial Group, Inc. Revises Dividend Guidance for the Full Year Ending March 31, 2024	CI
25/04	Hokuhoku Financial Group, Inc. Revises Earnings Guidance for the Full Year Ending March 31, 2024	CI

Valuation

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,51,188	1,26,967	1,35,015	1,14,250	1,18,508	3,34,393	-	-
Enterprise Value (EV) ¹	1,51,188	1,26,967	1,35,015	1,14,250	1,18,508	3,34,393	3,34,393	3,34,393
P/E ratio	6.65 x	6.78 x	6.76 x	6.06 x	5.81 x	12.3 x	10.6 x	8.87 x
Yield	3.82%	4.13%	3.4%	3.92%	4%	1.97%	2.11%	2.29%
Capitalization / Revenue	0.82 x	0.7 x	0.77 x	0.64 x	0.63 x	1.86 x	1.52 x	1.41 x
EV / Revenue	0.82 x	0.7 x	0.77 x	0.64 x	0.63 x	1.86 x	1.52 x	1.41 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	43,05,633 x	-	-	-	-	-	-	-
FCF Yield	0%	-	-	-	-	-	-	-
Price to Book	0.27 x	0.23 x	0.23 x	0.2 x	0.21 x	0.39 x	0.37 x	0.35 x
Nbr of stocks (in thousands)	1,31,126	1,31,164	1,31,210	1,27,940	1,28,117	1,78,296	-	-
Reference price ²	1,153	968.0	1,029	893.0	925.0	1,876	1,876	1,876
Announcement Date	10/05/19	12/05/20	13/05/21	11/05/22	10/05/23	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,83,645	1,82,402	1,75,963	1,77,793	1,87,883	1,79,500	2,20,300	2,36,700
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	40,671	43,500	-	46,520	36,851	12,400	43,900	54,000
Operating Margin	22.15%	23.85%	-	26.17%	19.61%	6.91%	19.93%	22.81%
Earnings before Tax (EBT) ¹	34,019	30,593	31,177	33,233	25,731	26,300	30,400	34,800
Net income ¹	24,359	20,252	21,334	20,526	21,435	19,600	22,300	26,200
Net margin	13.26%	11.1%	12.12%	11.54%	11.41%	10.92%	10.12%	11.07%
EPS ²	173.5	142.7	152.2	147.5	159.2	152.8	177.4	211.6
Free Cash Flow	35,114	-	-	-	-	-	-	-
FCF margin	19.12%	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	144.15%	-	-	-	-	-	-	-
Dividend per Share ²	44.00	40.00	35.00	35.00	37.00	37.00	39.50	43.00
Announcement Date	10/05/19	12/05/20	13/05/21	11/05/22	10/05/23	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2020 S1	2021 S1	2022 S1	2022 Q3	2023 Q1	2023 S1	2023 Q3	2024 Q1	2024 S1	2024 Q3
Net sales ¹	90,623	87,904	87,895	46,729	50,942	96,991	42,843	44,095	96,151	48,915
EBITDA	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	16,709	17,781	18,855	11,259	8,992	14,290	7,000	7,322	17,189	5,871
Net income ¹	11,653	13,008	13,125	6,752	5,730	9,306	4,725	4,538	16,092	4,890
Net margin	12.86%	14.8%	14.93%	14.45%	11.25%	9.59%	11.03%	10.29%	16.74%	10%
EPS ²	82.71	93.62	95.07	51.41	44.78	68.28	36.88	35.69	124.0	39.41
Dividend per Share	-	-	-	-	-	-	-	-	-	-
Announcement Date	08/11/19	12/11/20	10/11/21	31/01/22	29/07/22	11/11/22	31/01/23	31/07/23	10/11/23	30/01/24

¹JPY in Million²JPY

Estimates

Balance Sheet Analysis

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	35,114	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	4%	3.4%	3.93%	3.3%	3.5%	2.8%	3.45%	3.95%
ROA (Net income/ Total Assets)	0.27%	0.24%	0.21%	0.18%	0.16%	0.2%	0.2%	0.2%
Assets ¹	90,28,874	85,74,816	1,00,23,492	1,14,94,652	1,35,84,511	98,00,000	1,11,50,000	1,31,00,000
Book Value Per Share ²	4,349	4,138	4,505	4,539	4,492	4,830	5,068	5,323
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	10/05/19	12/05/20	13/05/21	11/05/22	10/05/23	-	-	-

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

Ratings for Hokuhoku Financial Group, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

1,876 JPY

Average target price

1,705 JPY

Spread / Average Target

-9.09%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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