Projected Income Statement: Japan Exchange Group, Inc.

Forecast Balance Sheet: Japan Exchange Group, Inc.

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 -1,72,549 -1,58,887 -45,839 -75,539 -45,941 -1,04,546 -1,21,955 -1,29,891
Change - 7.92% 71.15% -64.79% 39.18% -127.57% -16.65% -6.51%
Announcement Date 28/04/21 26/04/22 27/04/23 30/04/24 28/04/25 - - -
1JPY in Million
Estimates

Cash Flow Forecast: Japan Exchange Group, Inc.

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 2,880 2,344 11,301 13,100 15,153 17,364 17,671 18,320
Change - -18.61% 382.12% 15.92% 15.67% 14.59% 1.77% 3.67%
Free Cash Flow (FCF) 1 70,237 55,847 - 66,466 - - - -
Change - -20.49% - - - - - -
Announcement Date 28/04/21 26/04/22 27/04/23 30/04/24 28/04/25 - - -
1JPY in Million
Estimates

Forecast Financial Ratios: Japan Exchange Group, Inc.

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 68.51% 67.19% 65.1% 69.17% 66.87% 63.82% 61.55% 61.16%
EBIT Margin (%) 55.92% 54.25% 50.94% 57.2% 55.55% 56.93% 55.16% 52.64%
EBT Margin (%) 56.04% 54.22% 50.9% 57.18% 55.65% 56.83% 56.17% 55.85%
Net margin (%) 38.54% 36.89% 34.59% 39.79% 37.66% 39.14% 38.66% 37.48%
FCF margin (%) 52.67% 41.24% - 43.48% - - - -
FCF / Net Income (%) 136.68% 111.79% - 109.28% - - - -

Profitability

        
ROA 0.12% 0.11% 0.09% 0.11% 0.11% 0.1% 0.1% 0.1%
ROE 16.6% 15.7% 14.7% 19% 18.3% 20.58% 20.6% 20.64%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 2.16% 1.73% 8.43% 8.57% 9.34% 9.37% 8.91% 8.63%
CAPEX / EBITDA (%) 3.15% 2.58% 12.96% 12.39% 13.97% 14.68% 14.48% 14.11%
CAPEX / FCF (%) 4.1% 4.2% - 19.71% - - - -

Items per share

        
Cash flow per share 1 63.68 63.72 62.04 76.03 76.37 - - -
Change - 0.07% -2.64% 22.56% 0.45% - - -
Dividend per Share 1 34 36 31.5 45.5 45.5 53.46 55.4 56.85
Change - 5.88% -12.5% 44.44% 0% 17.48% 3.65% 2.6%
Book Value Per Share 1 300.2 299.2 299.7 315.5 327.6 344.4 353.9 373.2
Change - -0.34% 0.19% 5.27% 3.81% 5.14% 2.76% 5.46%
EPS 1 48 47.18 44.02 58.44 58.72 69.95 74.18 77.81
Change - -1.72% -6.7% 32.78% 0.47% 19.12% 6.05% 4.89%
Nbr of stocks (in thousands) 10,70,564 10,55,057 10,48,527 10,28,027 10,40,423 10,27,910 10,27,910 10,27,910
Announcement Date 28/04/21 26/04/22 27/04/23 30/04/24 28/04/25 - - -
1JPY
Estimates
2026 *2027 *
P/E ratio 26.6x 25.1x
PBR 5.41x 5.26x
EV / Sales 9.76x 9.03x
Yield 2.87% 2.98%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
5
Last Close Price
1,861.50JPY
Average target price
1,850.00JPY
Spread / Average Target
-0.62%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. 8697 Stock
  4. Financials Japan Exchange Group, Inc.
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