Financials Resona Holdings, Inc.

Equities

8308

JP3500610005

Banks

Market Closed - Japan Exchange 02:00:00 2024-04-26 am EDT 5-day change 1st Jan Change
984.1 JPY -0.48% Intraday chart for Resona Holdings, Inc. +0.31% +37.35%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,111,178 746,970 1,067,415 1,255,878 1,510,024 2,292,382 - -
Enterprise Value (EV) 1 1,111,178 746,970 1,067,415 1,255,878 1,510,024 2,292,382 2,292,382 2,292,382
P/E ratio 6.34 x 4.91 x 8.58 x 11.5 x 9.48 x 15.1 x 13.6 x 12.4 x
Yield 4.38% 6.46% 4.52% 4.01% 3.28% 2.24% 2.41% 2.64%
Capitalization / Revenue 1.72 x 1.13 x 1.67 x 1.49 x 1.74 x 3.68 x 3.47 x 3.28 x
EV / Revenue 1.72 x 1.13 x 1.67 x 1.49 x 1.74 x 3.68 x 3.47 x 3.28 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.53 x 0.36 x 0.46 x 0.51 x 0.6 x 0.86 x 0.83 x 0.79 x
Nbr of stocks (in thousands) 2,316,403 2,296,956 2,296,503 2,396,256 2,361,257 2,329,419 - -
Reference price 2 479.7 325.2 464.8 524.1 639.5 984.1 984.1 984.1
Announcement Date 5/10/19 5/12/20 5/11/21 5/12/22 5/12/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 644,173 658,678 639,121 844,700 867,974 623,609 661,105 698,173
EBITDA - - - - - - - -
EBIT 1 225,694 241,999 224,023 186,072 195,743 213,679 244,560 287,640
Operating Margin 35.04% 36.74% 35.05% 22.03% 22.55% 34.26% 36.99% 41.2%
Earnings before Tax (EBT) 1 238,606 212,177 184,316 155,662 225,047 209,889 234,236 256,855
Net income 1 175,162 152,426 124,481 109,974 160,400 153,073 167,927 183,123
Net margin 27.19% 23.14% 19.48% 13.02% 18.48% 24.55% 25.4% 26.23%
EPS 2 75.63 66.27 54.19 45.42 67.49 65.35 72.22 79.37
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 21.00 21.00 21.00 21.00 21.00 22.00 23.68 25.95
Announcement Date 5/10/19 5/12/20 5/11/21 5/12/22 5/12/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: März 2020 S1 2021 S1 2021 S2 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3
Net sales 1 430,933 381,925 257,196 174,224 - 152,901 278,606 205,959 - 435,587 210,533 221,854 207,218 - 443,570 224,191 160,043 155,777 153,287 150,362
EBITDA - - - - - - - - - - - - - - - - - - - -
EBIT 1 - 111,129 112,894 71,694 116,847 50,000 18,972 - 55,376 - 41,374 65,573 51,735 55,805 - 47,900 54,957 52,006 54,203 49,352
Operating Margin - 29.1% 43.89% 41.15% - 32.7% 6.81% - - - 19.65% 29.56% 24.97% - - 21.37% 34.34% 33.39% 35.36% 32.82%
Earnings before Tax (EBT) 1 112,282 84,236 100,080 67,303 116,394 62,806 -23,538 46,457 - 115,248 58,299 51,500 46,940 - 113,981 44,691 67,800 - - -
Net income 1 76,977 56,395 68,086 46,607 80,837 45,663 -16,526 33,910 48,767 82,677 41,057 36,666 35,406 47,103 82,509 31,616 43,279 40,113 47,168 38,303
Net margin 17.86% 14.77% 26.47% 26.75% - 29.86% -5.93% 16.46% - 18.98% 19.5% 16.53% 17.09% - 18.6% 14.1% 27.04% 25.75% 30.77% 25.47%
EPS 2 33.42 24.54 - 19.22 33.10 18.93 -6.610 14.23 20.46 34.69 17.27 15.53 15.01 20.05 35.06 13.52 17.76 17.74 19.08 16.70
Dividend per Share 2 10.50 10.50 - - 10.50 - 10.50 - - 10.50 - 10.50 - - 11.00 - 11.00 - - -
Announcement Date 11/8/19 11/10/20 5/11/21 11/9/21 11/9/21 1/31/22 5/12/22 7/29/22 11/11/22 11/11/22 1/31/23 5/12/23 7/31/23 11/10/23 11/10/23 1/31/24 - - - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 8.3% 7.3% 5.7% 4.6% 6.5% 6.09% 6.23% 6.58%
ROA (Net income/ Total Assets) 0.37% 0.36% 0.28% 0.21% 0.3% 0.2% 0.22% 0.23%
Assets 1 47,175,330 42,543,820 43,743,543 52,588,944 53,879,745 74,815,637 77,744,004 78,324,531
Book Value Per Share 2 911.0 905.0 1,009 1,025 1,065 1,138 1,190 1,247
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 5/10/19 5/12/20 5/11/21 5/12/22 5/12/23 - - -
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
HOLD
Number of Analysts
11
Last Close Price
984.1 JPY
Average target price
958.4 JPY
Spread / Average Target
-2.62%
Consensus
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