Financials JAC Recruitment Co., Ltd.

Equities

2124

JP3386130003

Employment Services

Market Closed - Japan Exchange 02:00:00 2024-04-26 am EDT 5-day change 1st Jan Change
769 JPY +1.32% Intraday chart for JAC Recruitment Co., Ltd. +4.06% +18.31%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 79,410 77,594 84,120 98,082 103,695 122,699 - -
Enterprise Value (EV) 1 68,013 64,013 71,190 83,204 86,928 103,599 100,099 95,399
P/E ratio 18.2 x 42.3 x 21.7 x 19.5 x 17.4 x 17.8 x 15 x 11.9 x
Yield 4.12% 4.23% 3.5% 3.29% 3.46% 3.38% 4.03% 5.07%
Capitalization / Revenue 3.29 x 3.59 x 3.38 x 3.22 x 3.01 x 3.07 x 2.66 x 2.23 x
EV / Revenue 2.81 x 2.96 x 2.86 x 2.73 x 2.52 x 2.59 x 2.17 x 1.73 x
EV / EBITDA 10.4 x 11.5 x 11.4 x 10.9 x 9.93 x 10.2 x 8.07 x 6.45 x
EV / FCF 15,411,922 x 14,918,064 x 14,085,856 x 15,770,270 x 12,712,437 x - - -
FCF Yield 0% 0% 0% 0% 0% - - -
Price to Book 5.05 x 5.46 x 6.29 x 6.29 x 6.02 x 5.84 x 4.72 x 3.81 x
Nbr of stocks (in thousands) 163,479 164,047 161,459 161,518 159,530 159,556 - -
Reference price 2 485.8 473.0 521.0 607.2 650.0 769.0 769.0 769.0
Announcement Date 2/14/20 2/12/21 2/15/22 2/13/23 2/14/24 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 24,170 21,614 24,852 30,435 34,475 40,000 46,160 55,100
EBITDA 1 6,511 5,563 6,224 7,607 8,756 10,200 12,400 14,800
EBIT 1 6,087 5,138 5,822 7,044 8,215 9,575 11,330 14,300
Operating Margin 25.18% 23.77% 23.43% 23.14% 23.83% 23.94% 24.55% 25.95%
Earnings before Tax (EBT) 6,066 3,593 5,776 7,011 8,207 - - -
Net income 1 4,354 1,834 3,882 5,029 5,978 6,900 8,175 10,300
Net margin 18.01% 8.49% 15.62% 16.52% 17.34% 17.25% 17.71% 18.69%
EPS 2 26.67 11.18 24.00 31.14 37.42 43.20 51.22 64.47
Free Cash Flow 4,413 4,291 5,054 5,276 6,838 - - -
FCF margin 18.26% 19.85% 20.34% 17.34% 19.83% - - -
FCF Conversion (EBITDA) 67.78% 77.13% 81.2% 69.36% 78.1% - - -
FCF Conversion (Net income) 101.36% 233.97% 130.19% 104.91% 114.39% - - -
Dividend per Share 2 20.00 20.00 18.25 20.00 22.50 26.00 31.00 39.00
Announcement Date 2/14/20 2/12/21 2/15/22 2/13/23 2/14/24 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q3 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3
Net sales 1 11,456 12,039 9,575 11,951 6,617 6,284 12,901 7,471 7,354 14,825 8,093 7,517 15,610 8,746 8,503 17,249 9,246
EBITDA - - - - - - - - - - - - - - - - -
EBIT 1 2,721 3,344 1,794 3,298 1,779 745 2,524 2,311 1,600 3,911 2,089 1,044 3,133 2,156 2,007 4,163 2,660
Operating Margin 23.75% 27.78% 18.74% 27.6% 26.89% 11.86% 19.56% 30.93% 21.76% 26.38% 25.81% 13.89% 20.07% 24.65% 23.6% 24.13% 28.77%
Earnings before Tax (EBT) 1 2,704 1,767 1,826 3,288 1,750 738 2,488 2,319 1,578 3,897 2,087 1,027 3,114 2,169 1,995 4,164 2,659
Net income 1 1,950 627 1,207 2,201 1,183 498 1,681 1,638 1,093 2,731 1,545 753 2,298 1,485 1,535 3,020 1,902
Net margin 17.02% 5.21% 12.61% 18.42% 17.88% 7.92% 13.03% 21.92% 14.86% 18.42% 19.09% 10.02% 14.72% 16.98% 18.05% 17.51% 20.57%
EPS 2 - 3.822 - 13.60 7.322 - - 10.14 - 16.92 9.565 - - 9.255 - 18.87 11.92
Dividend per Share - - - - - - - - - - - - - - - - -
Announcement Date 2/14/20 8/12/20 2/12/21 8/10/21 11/11/21 2/15/22 2/15/22 5/13/22 8/10/22 8/10/22 11/11/22 2/13/23 2/13/23 5/15/23 8/10/23 8/10/23 11/13/23
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 11,397 13,581 12,930 14,878 16,767 19,100 22,600 27,300
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 4,413 4,291 5,054 5,276 6,838 - - -
ROE (net income / shareholders' equity) 29.4% 12.2% 28.1% 34.7% 36.4% 40.7% 40.9% 39.6%
ROA (Net income/ Total Assets) 31.4% 26.8% 31% 34.4% 36% - - -
Assets 1 13,876 6,832 12,541 14,626 16,604 - - -
Book Value Per Share 2 96.30 86.70 82.80 96.50 108.0 132.0 163.0 202.0
Cash Flow per Share 29.30 13.80 26.50 33.90 40.80 - - -
Capex 279 241 320 637 249 - - -
Capex / Sales 1.15% 1.12% 1.29% 2.09% 0.72% - - -
Announcement Date 2/14/20 2/12/21 2/15/22 2/13/23 2/14/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
769 JPY
Average target price
890 JPY
Spread / Average Target
+15.73%
Consensus
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  3. 2124 Stock
  4. Financials JAC Recruitment Co., Ltd.