Financials Dai-ichi Life Holdings, Inc.

Equities

8750

JP3476480003

Life & Health Insurance

Market Closed - Japan Exchange 02:00:00 2024-04-26 am EDT 5-day change 1st Jan Change
3,611 JPY +3.82% Intraday chart for Dai-ichi Life Holdings, Inc. +5.18% +20.69%

Valuation

Fiscal Period: Maart 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,761,836 1,462,682 2,119,121 2,560,126 2,292,812 3,413,017 - -
Enterprise Value (EV) 1 2,824,036 2,598,018 1,134,750 3,430,509 1,580,337 4,348,014 4,348,014 4,348,014
P/E ratio 7.91 x 45.4 x 5.84 x 6.52 x 12.9 x 12.5 x 11.2 x 9.94 x
Yield 3.77% 4.79% 3.26% 3.32% 3.53% 2.71% 2.94% 3.31%
Capitalization / Revenue 0.25 x 0.21 x 0.27 x 0.31 x 0.24 x 0.34 x 0.36 x 0.35 x
EV / Revenue 0.39 x 0.37 x 0.14 x 0.42 x 0.17 x 0.44 x 0.46 x 0.45 x
EV / EBITDA - - - - - - - -
EV / FCF 1,760,586 x 5,156,404 x -7,068,022 x - -4,583,982 x - - -
FCF Yield 0% 0% -0% - -0% - - -
Price to Book 0.47 x 0.39 x 0.44 x 0.58 x 0.83 x 1.13 x 1.08 x 1.02 x
Nbr of stocks (in thousands) 1,145,537 1,129,048 1,114,154 1,024,460 941,607 945,172 - -
Reference price 2 1,538 1,296 1,902 2,499 2,435 3,611 3,611 3,611
Announcement Date 5/15/19 5/15/20 5/14/21 5/12/22 5/15/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Maart 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,184,000 7,114,099 7,827,800 8,209,708 9,519,445 9,941,585 9,523,223 9,716,379
EBITDA - - - - - - - -
EBIT 1 432,900 218,380 482,540 474,371 280,679 371,000 374,000 376,000
Operating Margin 6.03% 3.07% 6.16% 5.78% 2.95% 3.73% 3.93% 3.87%
Earnings before Tax (EBT) 1 319,300 101,264 482,500 474,371 280,679 372,902 405,328 444,097
Net income 1 225,000 32,433 363,700 409,353 192,301 279,287 301,857 331,421
Net margin 3.13% 0.46% 4.65% 4.99% 2.02% 2.81% 3.17% 3.41%
EPS 2 194.4 28.53 325.6 383.2 189.3 289.7 322.8 363.2
Free Cash Flow 1,604,032 503,843 -160,547 - -344,752 - - -
FCF margin 22.33% 7.08% -2.05% - -3.62% - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) 712.9% 1,553.49% - - - - - -
Dividend per Share 2 58.00 62.00 62.00 83.00 86.00 97.88 106.3 119.7
Announcement Date 5/15/19 5/15/20 5/14/21 5/12/22 5/15/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: März 2020 S1 2021 S1 2022 Q2 2022 S1 2022 Q3 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3
Net sales 1 3,656,188 3,363,159 1,820,246 3,765,781 1,907,967 2,867,710 2,747,360 5,615,070 2,229,178 - 3,003,428 - 5,536,713 2,230,668
EBITDA - - - - - - - - - - - - - -
EBIT - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - -
Earnings before Tax (EBT) 1 141,245 113,015 - 234,334 147,465 119,155 - 151,767 52,802 - 89,733 - 211,474 83,792
Net income 1 91,794 83,329 40,064 178,474 114,433 81,112 27,093 108,205 36,259 47,837 67,323 90,131 157,454 60,491
Net margin 2.51% 2.48% 2.2% 4.74% 6% 2.83% 0.99% 1.93% 1.63% - 2.24% - 2.84% 2.71%
EPS 2 80.39 74.12 - 163.4 107.7 79.17 26.44 105.6 35.53 48.14 68.47 91.66 160.1 62.05
Dividend per Share 2 - - - - - - - - - 86.00 - - - -
Announcement Date 11/14/19 11/13/20 11/12/21 11/12/21 2/14/22 8/10/22 11/14/22 11/14/22 2/14/23 5/15/23 8/10/23 11/14/23 11/14/23 2/14/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,062,200 1,135,336 - 870,383 - 934,997 934,997 934,997
Net Cash position 1 - - 984,371 - 712,475 - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1,604,032 503,843 -160,547 - -344,752 - - -
ROE (net income / shareholders' equity) 6% 0.9% 8.5% 8.9% 5.3% 9.08% 9.5% 10.3%
ROA (Net income/ Total Assets) 0.79% 0.38% 0.89% 0.91% 0.64% 0.54% 0.43% 0.44%
Assets 1 28,464,799 8,610,455 40,656,859 44,847,824 29,825,669 51,402,845 69,712,943 75,322,938
Book Value Per Share 2 3,241 3,344 4,329 4,303 2,922 3,196 3,343 3,535
Cash Flow per Share 250.0 82.00 388.0 463.0 288.0 - - -
Capex 92,961 86,241 80,643 164,102 212,284 - - -
Capex / Sales 1.29% 1.21% 1.03% 2% 2.23% - - -
Announcement Date 5/15/19 5/15/20 5/14/21 5/12/22 5/15/23 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
3,611 JPY
Average target price
3,804 JPY
Spread / Average Target
+5.35%
Consensus
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