J.FRONT RETAILING CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,400 JPY | +0.43% |
|
-5.72% | +9.12% |
| 16/04 | J.Front Retailing Launches 10 Billion Yen Buyback Program | MT |
| 16/04 | Wall Street Cues, China Economy Reports Blunt Asian Stocks Markets | MT |
Valuation
| Fiscal Period: February | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,22,652 | 3,00,251 | 2,66,301 | 2,51,915 | 3,31,274 | 3,67,790 | - | - |
| Enterprise Value (EV) 1 | 4,71,371 | 5,23,894 | 4,97,306 | 4,76,351 | 7,05,348 | 6,82,657 | 6,00,397 | 5,61,264 |
| P/E ratio | 11.8 x | 14.1 x | -10.2 x | 58.3 x | 23.3 x | 13 x | 13.8 x | 12.6 x |
| Yield | 2.84% | 3.14% | 2.65% | 3.01% | 2.45% | 2.42% | 2.7% | 2.89% |
| Capitalization / Revenue | 0.7 x | 0.62 x | 0.83 x | 0.76 x | 0.92 x | 0.96 x | 0.89 x | 0.86 x |
| EV / Revenue | 1.03 x | 1.09 x | 1.56 x | 1.44 x | 1.96 x | 1.68 x | 1.44 x | 1.32 x |
| EV / EBITDA | 7.75 x | 5.74 x | 19.1 x | 8.07 x | 10.3 x | 7.62 x | 6.97 x | 6.11 x |
| EV / FCF | 58.7 x | 22 x | 14 x | 10.7 x | 13.5 x | 8.68 x | 15 x | 13.2 x |
| FCF Yield | 1.7% | 4.54% | 7.16% | 9.36% | 7.39% | 11.5% | 6.67% | 7.55% |
| Price to Book | 0.78 x | 0.78 x | 0.76 x | 0.72 x | 0.92 x | 1.02 x | 0.92 x | 0.89 x |
| Nbr of stocks (in thousands) | 2,61,680 | 2,61,771 | 2,61,850 | 2,61,866 | 2,62,084 | 2,62,707 | - | - |
| Reference price 2 | 1,233 | 1,147 | 1,017 | 962.0 | 1,264 | 1,400 | 1,400 | 1,400 |
| Announcement Date | 09/04/19 | 10/04/20 | 13/04/21 | 12/04/22 | 11/04/23 | 15/04/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: February | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,59,840 | 4,80,621 | 3,19,079 | 3,31,484 | 3,59,679 | 4,07,006 | 4,15,580 | 4,26,740 |
| EBITDA 1 | 60,798 | 91,239 | 26,096 | 59,009 | 68,166 | 89,540 | 86,200 | 91,850 |
| EBIT 1 | 40,891 | 40,286 | -24,265 | 9,380 | 19,059 | 43,048 | 40,280 | 43,460 |
| Operating Margin | 8.89% | 8.38% | -7.6% | 2.83% | 5.3% | 10.58% | 9.69% | 10.18% |
| Earnings before Tax (EBT) 1 | 42,126 | 37,161 | -28,672 | 6,190 | 16,873 | 41,343 | 38,280 | 41,740 |
| Net income 1 | 27,358 | 21,251 | -26,193 | 4,321 | 14,237 | 29,913 | 26,480 | 29,020 |
| Net margin | 5.95% | 4.42% | -8.21% | 1.3% | 3.96% | 7.35% | 6.37% | 6.8% |
| EPS 2 | 104.6 | 81.19 | -100.0 | 16.50 | 54.32 | 114.1 | 101.6 | 111.1 |
| Free Cash Flow 1 | 8,034 | 23,799 | 35,601 | 44,577 | 52,109 | 78,605 | 40,074 | 42,368 |
| FCF margin | 1.75% | 4.95% | 11.16% | 13.45% | 14.49% | 19.31% | 9.64% | 9.93% |
| FCF Conversion (EBITDA) | 13.21% | 26.08% | 136.42% | 75.54% | 76.44% | 87.79% | 46.49% | 46.13% |
| FCF Conversion (Net income) | 29.37% | 111.99% | - | 1,031.64% | 366.01% | 262.78% | 151.34% | 146% |
| Dividend per Share 2 | 35.00 | 36.00 | 27.00 | 29.00 | 31.00 | 36.00 | 37.75 | 40.40 |
| Announcement Date | 09/04/19 | 10/04/20 | 13/04/21 | 12/04/22 | 11/04/23 | 15/04/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: February | 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 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,25,664 | 2,54,957 | 1,47,471 | 1,71,608 | 83,236 | 1,57,333 | 80,146 | 94,005 | 1,74,151 | 81,905 | 87,224 | 1,69,129 | 87,811 | 1,02,738 | 93,456 | 98,178 | 1,91,634 | 94,928 | 1,20,444 | 1,00,150 | 1,02,400 | 1,00,200 | 1,15,150 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 25,175 | 15,111 | -20,637 | -3,628 | 2,431 | -1,388 | 5,796 | 4,973 | 13,106 | 7,560 | 5,677 | 13,237 | 6,862 | -1,041 | 10,169 | 9,515 | 19,684 | 10,993 | 12,371 | 11,450 | 10,950 | 8,200 | 8,050 |
| Operating Margin | 11.16% | 5.93% | -13.99% | -2.11% | 2.92% | -0.88% | 7.23% | 5.29% | 7.53% | 9.23% | 6.51% | 7.83% | 7.81% | -1.01% | 10.88% | 9.69% | 10.27% | 11.58% | 10.27% | 11.43% | 10.69% | 8.18% | 6.99% |
| Earnings before Tax (EBT) 1 | 23,960 | 13,201 | -22,760 | -5,912 | 1,542 | -2,871 | 4,950 | 4,111 | - | 6,856 | 5,367 | 12,223 | 6,203 | -1,553 | 9,926 | 8,878 | 18,804 | 11,044 | 11,495 | - | - | - | - |
| Net income 1 | 14,367 | 6,884 | -16,311 | -9,882 | 1,067 | -1,995 | 5,665 | 652 | - | 5,974 | 4,181 | 10,155 | 4,606 | -525 | 6,397 | 6,503 | 12,900 | 8,704 | 8,309 | - | - | - | - |
| Net margin | 6.37% | 2.7% | -11.06% | -5.76% | 1.28% | -1.27% | 7.07% | 0.69% | - | 7.29% | 4.79% | 6% | 5.25% | -0.51% | 6.84% | 6.62% | 6.73% | 9.17% | 6.9% | - | - | - | - |
| EPS 2 | 54.89 | - | -62.30 | - | 4.080 | -7.620 | 21.63 | 2.490 | - | 22.80 | 15.95 | 38.75 | 17.58 | -2.010 | 24.39 | 24.80 | 49.19 | 33.19 | 31.68 | 30.05 | 28.88 | 16.78 | 17.95 |
| Dividend per Share | - | - | 9.000 | - | - | 14.00 | - | - | - | - | - | 15.00 | - | - | - | - | 16.00 | - | - | - | - | - | - |
| Announcement Date | 08/10/19 | 10/04/20 | 13/10/20 | 13/04/21 | 12/10/21 | 12/10/21 | 28/12/21 | 12/04/22 | 12/04/22 | 30/06/22 | 11/10/22 | 11/10/22 | 27/12/22 | 11/04/23 | 28/06/23 | 10/10/23 | 10/10/23 | 26/12/23 | 15/04/24 | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: February | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,48,719 | 2,23,643 | 2,31,005 | 2,24,436 | 3,74,074 | 2,93,056 | 2,32,608 | 1,93,475 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.446 x | 2.451 x | 8.852 x | 3.803 x | 5.488 x | 3.273 x | 2.698 x | 2.106 x |
| Free Cash Flow 1 | 8,034 | 23,799 | 35,601 | 44,577 | 52,109 | 78,605 | 40,074 | 42,368 |
| ROE (net income / shareholders' equity) | 6.77% | 5.4% | -7.1% | 1.2% | 4% | 8.1% | 7.03% | 7.4% |
| ROA (Net income/ Total Assets) | 3.99% | 3.2% | -2.09% | 0.5% | 1.46% | 3.7% | 2.45% | 3.17% |
| Assets 1 | 6,86,421 | 6,64,094 | 12,51,996 | 8,57,443 | 9,76,187 | 8,08,794 | 10,80,816 | 9,16,420 |
| Book Value Per Share 2 | 1,577 | 1,479 | 1,345 | 1,337 | 1,370 | 1,454 | 1,525 | 1,567 |
| Cash Flow per Share 2 | 181.0 | 276.0 | 92.30 | 206.0 | 242.0 | 291.0 | 284.0 | 306.0 |
| Capex 1 | 39,066 | 46,929 | 29,360 | 20,632 | 22,570 | 12,087 | 32,498 | 33,000 |
| Capex / Sales | 8.5% | 9.76% | 9.2% | 6.22% | 6.28% | 2.97% | 7.82% | 7.73% |
| Announcement Date | 09/04/19 | 10/04/20 | 13/04/21 | 12/04/22 | 11/04/23 | 15/04/24 | - | - |
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
OUTPERFORM
Number of Analysts
5
Last Close Price
1,400
JPY
Average target price
1,744
JPY
Spread / Average Target
+24.57%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +9.12% | 2.34B | |
| +40.86% | 18.35B | |
| +15.83% | 7.32B | |
| +11.23% | 7.29B | |
| +13.19% | 6.59B | |
| +45.96% | 5.39B | |
| +31.51% | 5.08B | |
| -8.40% | 5.07B | |
| +6.90% | 3.65B | |
| -10.80% | 3.41B |
- Stock Market
- Equities
- 3086 Stock
- Financials J.Front Retailing Co., Ltd.
