SONY GROUP CORPORATION |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 13,120 JPY | +0.81% |
|
+12.08% | -2.13% |
| May. 16 | Sony Music Warns AI Companies to Not Train on its Artists | MT |
| May. 16 | Sony Music Warns AI Companies to Not Train on its Artists | MT |
Valuation
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,809,200 | 7,752,780 | 14,359,560 | 15,764,488 | 14,793,605 | 15,889,829 | - | - |
| Enterprise Value (EV) 1 | 4,374,040 | 5,867,600 | 11,763,001 | 16,705,787 | 16,854,920 | 15,927,659 | 17,162,083 | 16,528,924 |
| P/E ratio | 6.42 x | 13.6 x | 12.2 x | 17.9 x | 15.8 x | 16.5 x | 16.2 x | 14.8 x |
| Yield | 0.75% | 0.7% | 0.47% | 0.51% | 0.63% | 0.65% | 0.71% | 0.8% |
| Capitalization / Revenue | 0.67 x | 0.94 x | 1.6 x | 1.59 x | 1.28 x | 1.22 x | 1.28 x | 1.24 x |
| EV / Revenue | 0.5 x | 0.71 x | 1.31 x | 1.68 x | 1.46 x | 1.22 x | 1.38 x | 1.29 x |
| EV / EBITDA | 3.45 x | 4.65 x | 8.63 x | 8.2 x | 7.62 x | 8.76 x | 8.06 x | 7.12 x |
| EV / FCF | 4.62 x | -2,316 x | -27.3 x | 21.1 x | -56.4 x | 19.9 x | 13.2 x | 13.5 x |
| FCF Yield | 21.6% | -0.04% | -3.67% | 4.74% | -1.77% | 5.02% | 7.58% | 7.43% |
| Price to Book | 1.55 x | 1.9 x | 2.58 x | 2.2 x | 2.05 x | 2.09 x | 1.94 x | 1.77 x |
| Nbr of stocks (in thousands) | 1,250,635 | 1,207,410 | 1,238,427 | 1,238,373 | 1,234,343 | 1,220,886 | - | - |
| Reference price 2 | 4,645 | 6,421 | 11,595 | 12,730 | 11,985 | 13,015 | 13,015 | 13,015 |
| Announcement Date | 4/26/19 | 5/13/20 | 4/28/21 | 5/10/22 | 4/28/23 | 5/14/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,700,000 | 8,259,885 | 8,999,360 | 9,921,513 | 11,539,837 | 13,020,768 | 12,418,247 | 12,846,822 |
| EBITDA 1 | 1,268,261 | 1,262,101 | 1,362,558 | 2,037,572 | 2,212,796 | 1,817,990 | 2,129,833 | 2,322,587 |
| EBIT 1 | 894,200 | 845,459 | 971,865 | 1,202,339 | 1,208,206 | 1,208,831 | 1,293,914 | 1,443,472 |
| Operating Margin | 10.28% | 10.24% | 10.8% | 12.12% | 10.47% | 9.28% | 10.42% | 11.24% |
| Earnings before Tax (EBT) 1 | 1,011,648 | 799,450 | 1,192,370 | 1,117,503 | 1,180,313 | 1,268,662 | 1,285,916 | 1,419,948 |
| Net income 1 | 916,300 | 582,191 | 1,171,776 | 882,178 | 937,126 | 970,573 | 985,515 | 1,070,446 |
| Net margin | 10.53% | 7.05% | 13.02% | 8.89% | 8.12% | 7.45% | 7.94% | 8.33% |
| EPS 2 | 723.4 | 471.6 | 952.3 | 711.8 | 758.4 | 788.3 | 804.7 | 878.0 |
| Free Cash Flow 1 | 946,094 | -2,533 | -431,366 | 792,547 | -298,944 | 904,323 | 1,300,145 | 1,228,892 |
| FCF margin | 10.87% | -0.03% | -4.79% | 7.99% | -2.59% | 7.32% | 10.47% | 9.57% |
| FCF Conversion (EBITDA) | 74.6% | - | - | 38.9% | - | 44.36% | 61.04% | 52.91% |
| FCF Conversion (Net income) | 103.25% | - | - | 89.84% | - | 97.22% | 131.93% | 114.8% |
| Dividend per Share 2 | 35.00 | 45.00 | 55.00 | 65.00 | 75.00 | 85.00 | 92.65 | 104.1 |
| Announcement Date | 4/26/19 | 5/13/20 | 4/28/21 | 5/10/22 | 4/28/23 | 5/14/24 | - | - |
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 | 4,047,983 | 4,211,902 | 4,082,405 | 4,916,955 | 2,369,365 | 4,626,208 | 3,031,319 | 2,263,986 | 5,295,305 | 2,311,494 | 2,751,879 | 5,063,373 | 3,412,914 | 3,063,550 | 6,476,464 | 2,963,652 | 2,828,623 | 5,792,275 | 3,438,092 | 3,480,966 | 7,228,493 | 2,702,536 | 3,001,595 | - | 3,690,509 | 3,023,620 | - |
| EBITDA 1 | - | - | - | - | 524,451 | - | 701,384 | 353,747 | - | 552,434 | 586,184 | - | 676,766 | 379,412 | - | 504,809 | 425,900 | - | 628,300 | 522,393 | - | 443,253 | 527,249 | - | 650,723 | 476,972 | - |
| EBIT 1 | 509,880 | 335,579 | 546,159 | 425,706 | 318,459 | 598,527 | 465,183 | 138,629 | 603,812 | 306,963 | 344,042 | 651,005 | 428,737 | 128,464 | - | 253,042 | 263,009 | 516,051 | 463,338 | 229,442 | 692,780 | 268,927 | 331,197 | - | 442,133 | 256,286 | - |
| Operating Margin | 12.6% | 7.97% | 13.38% | 8.66% | 13.44% | 12.94% | 15.35% | 6.12% | 11.4% | 13.28% | 12.5% | 12.86% | 12.56% | 4.19% | - | 8.54% | 9.3% | 8.91% | 13.48% | 6.59% | 9.58% | 9.95% | 11.03% | - | 11.98% | 8.48% | - |
| Earnings before Tax (EBT) 1 | 493,112 | 306,338 | 619,523 | 572,847 | 283,099 | 566,309 | 461,569 | 89,625 | 551,194 | 291,376 | 345,756 | 637,132 | 398,579 | 144,602 | 543,181 | 276,034 | 257,595 | 533,629 | 458,555 | 276,478 | 735,033 | 271,480 | 316,340 | 548,000 | 433,980 | 256,040 | 702,000 |
| Net income 1 | 340,009 | 242,182 | 692,885 | 478,891 | 213,106 | 424,935 | 346,161 | 111,082 | 457,243 | 218,196 | 263,963 | 482,159 | 326,809 | 128,158 | 454,967 | 217,545 | 200,105 | 417,650 | 363,918 | 189,005 | 552,923 | 195,141 | 235,378 | 413,338 | 334,879 | 188,882 | 530,378 |
| Net margin | 8.4% | 5.75% | 16.97% | 9.74% | 8.99% | 9.19% | 11.42% | 4.91% | 8.63% | 9.44% | 9.59% | 9.52% | 9.58% | 4.18% | 7.02% | 7.34% | 7.07% | 7.21% | 10.58% | 5.43% | 7.65% | 7.22% | 7.84% | - | 9.07% | 6.25% | - |
| EPS 2 | 273.5 | 198.1 | 566.0 | 386.3 | 171.8 | 342.8 | 279.2 | 89.81 | 369.0 | 176.5 | 213.4 | 389.9 | 264.5 | 104.0 | 368.5 | 176.3 | 162.2 | 338.5 | 295.7 | 154.1 | 449.8 | 157.4 | 197.0 | 335.3 | 261.2 | 160.5 | 430.3 |
| Dividend per Share 2 | 20.00 | 25.00 | 25.00 | 30.00 | 30.00 | 30.00 | - | 35.00 | 35.00 | - | 35.00 | 35.00 | - | 40.00 | 40.00 | - | 40.00 | 40.00 | - | 45.00 | 45.00 | - | 47.50 | 45.00 | - | 30.00 | 50.00 |
| Announcement Date | 10/30/19 | 5/13/20 | 10/28/20 | 4/28/21 | 10/28/21 | 10/28/21 | 2/2/22 | 5/10/22 | 5/10/22 | 7/29/22 | 11/1/22 | 11/1/22 | 2/2/23 | 4/28/23 | 4/28/23 | 8/9/23 | 11/9/23 | 11/9/23 | 2/14/24 | 5/14/24 | 5/14/24 | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 941,299 | 2,061,315 | 2,142,029 | 1,272,254 | 639,095 |
| Net Cash position 1 | 1,435,160 | 1,885,180 | 2,596,559 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | 0.462 x | 0.9315 x | 1.051 x | 0.5973 x | 0.2752 x |
| Free Cash Flow 1 | 946,094 | -2,533 | -431,366 | 792,547 | -298,944 | 904,323 | 1,300,145 | 1,228,892 |
| ROE (net income / shareholders' equity) | 27.3% | 14.8% | 24.2% | 12.8% | 13% | 13.7% | 12.4% | 12.2% |
| ROA (Net income/ Total Assets) | 5.05% | 3.63% | 4.83% | 3.93% | 3.78% | 3.84% | 2.97% | 3.7% |
| Assets 1 | 18,136,330 | 16,028,870 | 24,270,523 | 22,433,635 | 24,820,190 | 25,303,080 | 33,183,655 | 28,960,246 |
| Book Value Per Share 2 | 2,995 | 3,381 | 4,499 | 5,776 | 5,856 | 6,212 | 6,714 | 7,344 |
| Cash Flow per Share 2 | 1,019 | 809.0 | 1,270 | 1,442 | 1,640 | 1,718 | 1,532 | 1,563 |
| Capex 1 | 312,644 | 439,761 | 512,239 | 441,096 | 613,635 | 687,012 | 618,345 | 651,158 |
| Capex / Sales | 3.59% | 5.32% | 5.69% | 4.45% | 5.32% | 5.56% | 4.98% | 5.07% |
| Announcement Date | 4/26/19 | 5/13/20 | 4/28/21 | 5/10/22 | 4/28/23 | 5/14/24 | - | - |
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
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
23
Last Close Price
13,015
JPY
Average target price
16,543
JPY
Spread / Average Target
+27.11%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.13% | 102B | |
| -4.83% | 20.29B | |
| -2.95% | 12.4B | |
| +32.70% | 5.81B | |
| +24.74% | 4.41B | |
| +25.50% | 4.33B | |
| -1.51% | 3.36B | |
| -17.57% | 3.35B | |
| -6.45% | 3.29B | |
| +23.74% | 2.61B |
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