Financials Mizuho Leasing Company, Limited

Equities

8425

JP3286500008

Corporate Financial Services

Delayed Japan Exchange 11:30:00 25/06/2024 am IST 5-day change 1st Jan Change
1,107 JPY +1.65% Intraday chart for Mizuho Leasing Company, Limited +1.28% +14.36%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 1,27,945 1,28,095 1,01,903 1,60,834 1,43,971 1,69,922
Enterprise Value (EV) 1 16,40,577 19,44,976 20,88,519 24,04,126 25,04,246 26,91,661
P/E ratio 9.38 x 6.73 x 5.85 x 7.39 x 9.66 x 5.98 x
Yield 2.33% 2.98% 3.8% 2.77% 3.7% 4.19%
Capitalization / Revenue 0.32 x 0.33 x 0.19 x 0.32 x 0.26 x 0.32 x
EV / Revenue 4.1 x 5.05 x 3.87 x 4.83 x 4.51 x 5.08 x
EV / EBITDA 53.2 x 53.8 x 50.5 x 57.6 x 71.4 x 55 x
EV / FCF -83.4 x -8.29 x -34.4 x -20.3 x -53.3 x -33.5 x
FCF Yield -1.2% -12.1% -2.91% -4.92% -1.88% -2.99%
Price to Book 0.86 x 0.74 x 0.55 x 0.8 x 0.66 x 0.65 x
Nbr of stocks (in thousands) 2,13,242 2,45,017 2,41,820 2,41,856 2,41,886 2,42,054
Reference price 2 600.0 522.8 421.4 665.0 595.2 702.0
Announcement Date 26/06/18 25/06/19 24/06/20 28/06/21 24/06/22 27/06/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 3,99,738 3,84,893 5,39,241 4,97,852 5,54,809 5,29,700
EBITDA 1 30,841 36,141 41,383 41,760 35,097 48,974
EBIT 1 19,163 22,914 26,276 25,964 17,895 31,757
Operating Margin 4.79% 5.95% 4.87% 5.22% 3.23% 6%
Earnings before Tax (EBT) 1 20,534 25,114 26,536 31,562 20,226 40,035
Net income 1 13,643 16,594 17,512 21,772 14,902 28,398
Net margin 3.41% 4.31% 3.25% 4.37% 2.69% 5.36%
EPS 2 63.98 77.73 72.09 90.02 61.61 117.3
Free Cash Flow 1 -19,682 -2,34,752 -60,776 -1,18,375 -46,964 -80,397
FCF margin -4.92% -60.99% -11.27% -23.78% -8.46% -15.18%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 14.00 15.60 16.00 18.40 22.00 29.40
Announcement Date 26/06/18 25/06/19 24/06/20 28/06/21 24/06/22 27/06/23
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 2,54,901 2,28,719 2,59,963 1,29,577 1,14,038 2,28,829 1,10,987 1,23,854 2,71,798 2,30,946
EBITDA - - - - - - - - - -
EBIT 1 12,608 11,248 13,280 4,465 8,572 17,373 9,343 7,199 18,862 11,199
Operating Margin 4.95% 4.92% 5.11% 3.45% 7.52% 7.59% 8.42% 5.81% 6.94% 4.85%
Earnings before Tax (EBT) 1 13,115 18,638 13,786 9,479 11,594 21,750 12,902 10,024 25,805 14,349
Net income 1 8,850 12,991 9,493 7,827 8,139 15,584 9,173 6,824 17,894 9,688
Net margin 3.47% 5.68% 3.65% 6.04% 7.14% 6.81% 8.26% 5.51% 6.58% 4.19%
EPS 2 36.27 53.72 39.25 32.36 33.65 64.41 37.90 28.19 73.80 39.86
Dividend per Share 8.000 8.000 11.00 - - 13.00 - - 16.60 -
Announcement Date 06/11/19 05/11/20 09/11/21 08/02/22 04/08/22 08/11/22 07/02/23 04/08/23 08/11/23 07/02/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 15,12,632 18,16,881 19,86,616 22,43,292 23,60,275 25,21,739
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 49.05 x 50.27 x 48.01 x 53.72 x 67.25 x 51.49 x
Free Cash Flow 1 -19,683 -2,34,752 -60,776 -1,18,375 -46,964 -80,397
ROE (net income / shareholders' equity) 9.56% 10.2% 9.57% 11.1% 7.04% 11.6%
ROA (Net income/ Total Assets) 0.67% 0.72% 0.73% 0.66% 0.42% 0.7%
Assets 1 20,35,661 23,07,928 24,04,834 33,21,941 35,65,925 40,80,172
Book Value Per Share 2 699.0 711.0 766.0 829.0 907.0 1,086
Cash Flow per Share 2 142.0 106.0 94.20 87.00 105.0 141.0
Capex 1 1,637 3,368 3,032 3,195 2,331 1,813
Capex / Sales 0.41% 0.88% 0.56% 0.64% 0.42% 0.34%
Announcement Date 26/06/18 25/06/19 24/06/20 28/06/21 24/06/22 27/06/23
1JPY in Million2JPY
Estimates
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