SOHGO SECURITY SERVICES CO.,LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 938.9 JPY | +0.86% |
|
-1.14% | +15.73% |
| 04/06 | Sohgo Security's Full-Year Profit Up 14% | MT |
| 14/05 | Sohgo Security Services Co.,Ltd. announces an Equity Buyback for 17,700,000 shares, representing 3.53% for ¥15,000 million. | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,87,955 | 5,32,497 | 5,29,459 | 4,04,940 | 3,60,902 | 4,63,287 | - | - |
| Enterprise Value (EV) 1 | 4,81,106 | 5,26,760 | 5,38,008 | 3,87,461 | 3,54,828 | 3,48,834 | 3,89,972 | 3,76,907 |
| P/E ratio | 21.9 x | 22 x | 21.2 x | 14 x | 15.1 x | 15.3 x | 16.3 x | 15.5 x |
| Yield | 1.37% | 1.33% | 1.38% | 2.05% | 2.41% | 2.85% | 2.67% | 2.92% |
| Capitalization / Revenue | 1.1 x | 1.16 x | 1.13 x | 0.83 x | 0.73 x | 0.8 x | 0.85 x | 0.82 x |
| EV / Revenue | 1.08 x | 1.14 x | 1.14 x | 0.79 x | 0.72 x | 0.67 x | 0.71 x | 0.67 x |
| EV / EBITDA | 9.79 x | 9.85 x | 9.7 x | 6.23 x | 6.14 x | 6.03 x | 6.27 x | 5.83 x |
| EV / FCF | 34.7 x | 25.7 x | 31.5 x | 13.5 x | 51.7 x | 8.91 x | 11.7 x | 11.6 x |
| FCF Yield | 2.88% | 3.89% | 3.17% | 7.39% | 1.93% | 11.2% | 8.56% | 8.59% |
| Price to Book | 2.09 x | 2.17 x | 1.91 x | 1.35 x | 1.15 x | 1.18 x | 1.25 x | 1.19 x |
| Nbr of stocks (in thousands) | 5,06,177 | 5,06,176 | 5,06,175 | 5,06,175 | 5,06,174 | 4,97,677 | - | - |
| Reference price 2 | 964.0 | 1,052 | 1,046 | 800.0 | 713.0 | 930.9 | 930.9 | 930.9 |
| Announcement Date | 10/05/19 | 12/05/20 | 11/05/21 | 13/05/22 | 12/05/23 | 14/05/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,43,535 | 4,60,118 | 4,69,920 | 4,89,000 | 4,92,226 | 5,21,400 | 5,46,585 | 5,65,338 |
| EBITDA 1 | 49,148 | 53,478 | 55,462 | 62,153 | 57,762 | 57,809 | 62,225 | 64,625 |
| EBIT 1 | 32,280 | 36,795 | 37,182 | 42,800 | 36,993 | 39,082 | 40,733 | 42,753 |
| Operating Margin | 7.28% | 8% | 7.91% | 8.75% | 7.52% | 7.5% | 7.45% | 7.56% |
| Earnings before Tax (EBT) 1 | 34,474 | 38,360 | 38,862 | 45,700 | 39,823 | 42,853 | 43,598 | 45,398 |
| Net income 1 | 22,269 | 24,163 | 25,014 | 28,900 | 23,950 | 27,327 | 27,932 | 29,152 |
| Net margin | 5.02% | 5.25% | 5.32% | 5.91% | 4.87% | 5.24% | 5.11% | 5.16% |
| EPS 2 | 44.00 | 47.74 | 49.42 | 57.22 | 47.32 | 54.34 | 56.96 | 59.97 |
| Free Cash Flow 1 | 13,860 | 20,501 | 17,070 | 28,643 | 6,864 | 39,150 | 33,370 | 32,374 |
| FCF margin | 3.12% | 4.46% | 3.63% | 5.86% | 1.39% | 7.51% | 6.11% | 5.73% |
| FCF Conversion (EBITDA) | 28.2% | 38.34% | 30.78% | 46.08% | 11.88% | 67.72% | 53.63% | 50.1% |
| FCF Conversion (Net income) | 62.24% | 84.84% | 68.24% | 99.11% | 28.66% | 143.26% | 119.47% | 111.05% |
| Dividend per Share 2 | 13.20 | 14.00 | 14.40 | 16.40 | 17.20 | 23.70 | 24.87 | 27.17 |
| Announcement Date | 10/05/19 | 12/05/20 | 11/05/21 | 13/05/22 | 12/05/23 | 14/05/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 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 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,25,204 | 2,34,914 | 2,25,889 | 2,44,031 | 1,28,278 | 2,45,290 | 1,18,400 | 1,25,300 | 2,43,700 | 1,14,008 | 1,22,045 | 2,36,053 | 1,21,700 | 1,34,473 | 2,56,173 | 1,21,500 | 1,24,700 | 2,46,300 | 1,32,600 | 1,42,500 | 1,28,838 | 1,33,464 | 2,61,600 | 1,36,972 | 1,48,893 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 16,222 | 20,573 | 15,837 | 21,345 | 15,071 | 24,830 | 9,800 | 8,100 | 17,900 | 7,182 | 8,036 | 15,218 | 9,400 | 12,375 | 21,775 | 8,600 | 9,100 | 17,800 | 9,100 | 12,182 | 8,456 | 9,195 | 16,900 | 10,097 | 13,518 |
| Operating Margin | 7.2% | 8.76% | 7.01% | 8.75% | 11.75% | 10.12% | 8.28% | 6.46% | 7.35% | 6.3% | 6.58% | 6.45% | 7.72% | 9.2% | 8.5% | 7.08% | 7.3% | 7.23% | 6.86% | 8.55% | 6.56% | 6.89% | 6.46% | 7.37% | 9.08% |
| Earnings before Tax (EBT) 1 | 17,147 | 21,213 | 16,579 | - | 15,688 | 25,730 | 11,376 | - | - | 7,852 | 8,673 | 16,525 | 9,985 | 13,313 | 23,298 | 9,100 | 10,282 | 19,382 | 10,489 | 12,982 | 9,867 | 10,383 | - | 10,689 | 14,051 |
| Net income 1 | 10,574 | 13,589 | 9,960 | 15,054 | 9,999 | 16,097 | 7,000 | 5,800 | - | 4,454 | 5,307 | 9,761 | 6,000 | 8,189 | 14,189 | 5,100 | 6,600 | 11,800 | 6,500 | 9,027 | 5,757 | 6,172 | - | 6,820 | 9,846 |
| Net margin | 4.7% | 5.78% | 4.41% | 6.17% | 7.79% | 6.56% | 5.91% | 4.63% | - | 3.91% | 4.35% | 4.14% | 4.93% | 6.09% | 5.54% | 4.2% | 5.29% | 4.79% | 4.9% | 6.33% | 4.47% | 4.62% | - | 4.98% | 6.61% |
| EPS | 20.89 | - | 19.68 | - | 19.75 | 31.80 | 13.91 | 11.51 | - | 8.800 | 10.49 | 19.29 | 11.90 | - | - | 10.26 | - | 23.46 | 13.16 | - | - | - | - | - | - |
| Dividend per Share | 6.900 | - | 7.000 | - | - | 7.600 | - | - | - | - | - | 8.600 | - | - | - | - | - | 8.700 | - | - | - | - | - | - | - |
| Announcement Date | 31/10/19 | 12/05/20 | 30/10/20 | 11/05/21 | 29/10/21 | 29/10/21 | 28/01/22 | 13/05/22 | 13/05/22 | 29/07/22 | 28/10/22 | 28/10/22 | 31/01/23 | 12/05/23 | 12/05/23 | 28/07/23 | 31/10/23 | 31/10/23 | 31/01/24 | 14/05/24 | - | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 8,549 | - | - | - | - | - |
| Net Cash position 1 | 6,849 | 5,737 | - | 17,479 | 6,074 | 67,638 | 73,315 | 86,380 |
| Leverage (Debt/EBITDA) | - | - | 0.1541 x | - | - | - | - | - |
| Free Cash Flow 1 | 13,860 | 20,501 | 17,070 | 28,643 | 6,864 | 39,150 | 33,370 | 32,374 |
| ROE (net income / shareholders' equity) | 9.9% | 10.1% | 9.6% | 10% | 7.8% | 8.2% | 7.91% | 8.05% |
| ROA (Net income/ Total Assets) | 8.39% | 9.27% | 8.62% | 9.24% | 7.81% | 7.78% | 6.35% | 6.55% |
| Assets 1 | 2,65,300 | 2,60,681 | 2,90,335 | 3,12,813 | 3,06,754 | 3,51,269 | 4,39,869 | 4,45,064 |
| Book Value Per Share 2 | 460.0 | 485.0 | 548.0 | 593.0 | 622.0 | 705.0 | 742.0 | 782.0 |
| Cash Flow per Share 2 | 73.80 | 77.20 | 80.70 | 90.50 | 82.70 | 91.60 | - | - |
| Capex 1 | 11,360 | 11,031 | 11,937 | 13,109 | 15,166 | 14,419 | 17,933 | 19,100 |
| Capex / Sales | 2.56% | 2.4% | 2.54% | 2.68% | 3.08% | 2.77% | 3.28% | 3.38% |
| Announcement Date | 10/05/19 | 12/05/20 | 11/05/21 | 13/05/22 | 12/05/23 | 14/05/24 | - | - |
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
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
930.9
JPY
Average target price
992.5
JPY
Spread / Average Target
+6.62%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +15.73% | 2.9B | |
| +17.98% | 72.14B | |
| +9.47% | 17.79B | |
| +16.89% | 14.3B | |
| +17.71% | 13.1B | |
| +12.53% | 9.78B | |
| -24.20% | 6.4B | |
| -7.72% | 5.76B | |
| +5.76% | 5.39B | |
| -1.04% | 4.96B |
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