Financials Premium Group Co., Ltd.

Equities

7199

JP3833710001

Consumer Lending

Delayed Japan Exchange Other stock markets 12:38:28 2024-05-09 am EDT			5-day change	1st Jan Change
2,170 ^JPY	-1.36%		+2.26%	+19.03%

Apr. 26	Premium Group Co., Ltd. Announces Dividend for the Year Ended March 31, 2024, Payable On; June 6, 2024, Provides Dividend Guidance for the Second Quarter and Full Year Ending March 31, 2025	CI
Apr. 26	Premium Group Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2025	CI

Valuation

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	25,148	20,600	30,907	51,850	65,918	83,350	-	-
Enterprise Value (EV) ¹	29,385	30,735	42,494	64,176	82,743	78,993	83,350	83,350
P/E ratio	8.75 x	14.4 x	12.9 x	17.6 x	16.4 x	17.3 x	15.5 x	12.3 x
Yield	2.21%	2.71%	1.91%	1.26%	1.24%	1.36%	1.82%	1.67%
Capitalization / Revenue	2.35 x	1.47 x	1.73 x	2.49 x	2.61 x	2.5 x	2.08 x	1.82 x
EV / Revenue	2.35 x	1.47 x	1.73 x	2.49 x	2.61 x	2.5 x	2.08 x	1.82 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-21 x	-	75.4 x	38 x	-	38.3 x	30.5 x	19.4 x
FCF Yield	-4.77%	-	1.33%	2.63%	-	2.61%	3.28%	5.14%
Price to Book	2.34 x	3.94 x	4.29 x	5.36 x	4.93 x	5.1 x	4.24 x	3.26 x
Nbr of stocks (in thousands)	39,293	38,125	38,425	38,455	38,890	37,886	-	-
Reference price ²	640.0	540.3	804.3	1,348	1,695	2,200	2,200	2,200
Announcement Date	5/15/19	5/29/20	5/10/21	5/6/22	5/2/23	4/26/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	10,699	14,016	17,825	20,827	25,263	31,546	40,000	45,700
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	706	1,558	2,968	3,835	4,245	6,195	8,000	10,050
Operating Margin	6.6%	11.12%	16.65%	18.41%	16.8%	19.64%	20%	21.99%
Earnings before Tax (EBT) ¹	2,045	2,604	3,463	4,017	5,344	6,241	8,000	10,200
Net income ¹	1,346	1,466	2,383	2,941	4,005	4,608	5,400	6,980
Net margin	12.58%	10.46%	13.37%	14.12%	15.85%	14.61%	13.5%	15.27%
EPS ²	73.11	37.44	62.25	76.46	103.4	119.4	141.8	178.7
Free Cash Flow ¹	-1,200	-	410	1,365	-	2,179	2,734	4,288
FCF margin	-11.22%	-	2.3%	6.55%	-	7.02%	6.84%	9.38%
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	17.21%	46.41%	-	50.44%	50.63%	61.43%
Dividend per Share ²	14.17	14.67	15.33	17.00	21.00	28.00	40.00	36.67
Announcement Date	5/15/19	5/29/20	5/10/21	5/6/22	5/2/23	4/26/24	-	-

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	2024 S2	2025 Q1	2025 Q2	2025 S1	2025 Q3	2025 Q4	2025 S2
Net sales ¹	6,659	7,357	8,386	9,439	5,213	10,104	5,227	5,496	10,723	5,682	6,205	11,887	6,499	6,878	13,376	7,233	7,823	15,056	7,919	8,571	16,490	8,500	9,000	17,500	11,000	11,500	22,500
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	2,967	-	1,442	-	-	1,888	949	-	-	1,068	-	2,375	1,161	-	-	1,365	-	2,763	1,645	-	-	1,800	1,900	3,700	2,100	2,200	4,300
Operating Margin	44.56%	-	17.2%	-	-	18.69%	18.16%	-	-	18.8%	-	19.98%	17.86%	-	-	18.87%	-	18.35%	20.77%	-	-	21.18%	21.11%	21.14%	19.09%	19.13%	19.11%
Earnings before Tax (EBT) ¹	3,052	-448.5	2,001	1,462	1,083	1,915	1,005	1,097	2,102	1,157	2,304	3,461	1,179	704	1,883	1,408	1,416	2,824	1,631	1,786	3,417	-	-	-	-	-	-
Net income	1,845	-	1,313	-	-	1,358	689	-	-	841	-	2,641	857	-	-	1,072	-	2,064	1,139	-	-	-	-	-	-	-	-
Net margin	27.71%	-	15.66%	-	-	13.44%	13.18%	-	-	14.8%	-	22.22%	13.19%	-	-	14.82%	-	13.71%	14.38%	-	-	-	-	-	-	-	-
EPS	46.59	-	34.30	-	-	35.34	17.91	-	-	21.77	-	68.32	22.08	-	-	27.56	-	53.04	29.49	-	-	-	-	-	-	-	-
Dividend per Share	7.333	-	7.500	-	-	8.333	-	-	-	-	-	10.00	-	-	-	-	-	13.00	-	-	-	-	-	-	-	-	-
Announcement Date	11/14/19	5/29/20	11/6/20	5/10/21	11/5/21	11/5/21	2/1/22	5/6/22	5/6/22	7/29/22	10/28/22	10/28/22	2/3/23	5/2/23	5/2/23	7/28/23	10/27/23	10/27/23	1/31/24	4/26/24	4/26/24	-	-	-	-	-	-

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	4,237	10,135	11,587	12,326	16,825	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-1,200	-	410	1,365	-	2,179	2,734	4,288
ROE (net income / shareholders' equity)	24.2%	27.4%	38.3%	34.8%	34.7%	32.2%	28.9%	29.4%
ROA (Net income/ Total Assets)	-	-	5.48%	5.36%	5.82%	5.49%	-	-
Assets ¹	-	-	43,476	54,894	68,870	83,900	-	-
Book Value Per Share ²	274.0	137.0	188.0	252.0	344.0	404.0	519.0	676.0
Cash Flow per Share	90.60	59.30	96.60	110.0	140.0	162.0	-	-
Capex ¹	186	692	1,472	243	639	1,300	1,300	1,300
Capex / Sales	1.74%	4.94%	8.26%	1.17%	2.53%	4.19%	3.25%	2.84%
Announcement Date	5/15/19	5/29/20	5/10/21	5/6/22	5/2/23	4/26/24	-	-

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

Ratings for Premium Group Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2,200 JPY

Average target price

3,275 JPY

Spread / Average Target

+48.86%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Consumer Credit Cards Services