Financials Tokio Marine Holdings, Inc.

Equities

8766

JP3910660004

Property & Casualty Insurance

Market Closed - Japan Exchange 02:00:00 2024-04-26 am EDT 5-day change 1st Jan Change
4,902 JPY +1.98% Intraday chart for Tokio Marine Holdings, Inc. +5.69% +38.91%

Valuation

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,828,813 3,458,669 3,650,120 4,857,727 4,987,844 9,683,689 - -
Enterprise Value (EV) 1 3,828,813 3,458,669 3,650,120 5,385,964 4,115,851 9,683,689 9,683,689 9,683,689
P/E ratio 14 x 13.4 x 22.7 x 11.6 x 13.6 x 14.6 x 14 x 13 x
Yield 4.66% 4.55% 4.46% 3.58% 3.93% 2.47% 2.93% 3.4%
Capitalization / Revenue 0.7 x 0.63 x 0.67 x 0.83 x 0.75 x 1.38 x 1.29 x 1.32 x
EV / Revenue 0.7 x 0.63 x 0.67 x 0.83 x 0.75 x 1.38 x 1.29 x 1.32 x
EV / EBITDA - - - - - - - -
EV / FCF 4,212,847 x 3,633,991 x 3,510,406 x 4,866,175 x 5,793,930 x - - -
FCF Yield 0% 0% 0% 0% 0% - - -
Price to Book 1.06 x 1.02 x 1 x 1.2 x 1.4 x 2.14 x 2.03 x 1.92 x
Nbr of stocks (in thousands) 2,142,193 2,096,163 2,079,841 2,044,498 1,958,321 1,975,457 - -
Reference price 2 1,787 1,650 1,755 2,376 2,547 4,902 4,902 4,902
Announcement Date 5/20/19 5/20/20 5/20/21 5/20/22 5/19/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,476,720 5,465,432 5,461,195 5,863,770 6,648,600 7,014,567 7,524,580 7,316,325
EBITDA - - - - - - - -
EBIT 1 - 393,467 295,291 588,473 642,877 822,267 781,910 828,825
Operating Margin - 7.2% 5.41% 10.04% 9.67% 11.72% 10.39% 11.33%
Earnings before Tax (EBT) 1 385,733 354,127 243,174 554,272 529,358 830,029 887,984 963,560
Net income 1 274,579 259,763 161,801 420,484 376,447 657,750 680,349 729,328
Net margin 5.01% 4.75% 2.96% 7.17% 5.66% 9.38% 9.04% 9.97%
EPS 2 127.7 123.2 77.38 204.5 187.3 336.8 349.4 377.8
Free Cash Flow 908,842 951,755 1,039,800 998,264 860,874 - - -
FCF margin 16.59% 17.41% 19.04% 17.02% 12.95% - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) 330.99% 366.39% 642.64% 237.41% 228.68% - - -
Dividend per Share 2 83.33 75.00 78.33 85.00 100.0 120.9 143.5 166.7
Announcement Date 5/20/19 5/20/20 5/20/21 5/20/22 5/19/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: März 2020 S1 2021 S1 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
Net sales 1 2,743,021 2,743,719 1,430,192 2,885,617 1,486,533 1,491,620 1,628,749 1,778,855 3,407,604 1,804,443 1,436,553 1,822,527 - 3,744,117 1,890,528
EBITDA - - - - - - - - - - - - - - -
EBIT - - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - - -
Earnings before Tax (EBT) 1 151,816 92,528 - 363,999 128,017 - 163,038 - 127,672 238,026 163,660 168,567 - 273,344 306,252
Net income 1 116,611 62,393 109,551 269,278 104,841 46,365 124,555 -38,038 86,517 184,917 105,013 127,950 77,055 205,005 312,477
Net margin 4.25% 2.27% 7.66% 9.33% 7.05% 3.11% 7.65% -2.14% 2.54% 10.25% 7.31% 7.02% - 5.48% 16.53%
EPS 2 55.16 29.79 - 130.0 51.34 23.16 61.51 -55.98 128.6 91.91 52.57 64.37 39.01 103.4 157.9
Dividend per Share 2 43.33 45.00 - 40.00 - 45.00 - 50.00 150.0 - 50.00 - 60.50 60.50 -
Announcement Date 11/19/19 11/19/20 11/19/21 11/19/21 2/14/22 5/20/22 8/5/22 11/18/22 11/18/22 2/14/23 5/19/23 8/7/23 11/17/23 11/17/23 2/14/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - 528,237 - - - -
Net Cash position - - - - 871,993 - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 908,842 951,755 1,039,800 998,264 860,874 - - -
ROE (net income / shareholders' equity) 7.4% 7.5% 4.6% 10.9% 9.8% 16.2% 14.7% 14.7%
ROA (Net income/ Total Assets) 1.83% 1.52% 1.05% 2.14% 1.83% 2.7% 2.7% 2.85%
Assets 1 14,991,374 17,053,209 15,474,168 19,642,085 20,523,771 24,361,103 25,198,117 25,590,471
Book Value Per Share 2 1,686 1,611 1,762 1,977 1,824 2,291 2,413 2,550
Cash Flow per Share 155.0 152.0 116.0 248.0 243.0 - - -
Capex 36,595 45,868 138,073 103,976 146,708 - - -
Capex / Sales 0.67% 0.84% 2.53% 1.77% 2.21% - - -
Announcement Date 5/20/19 5/20/20 5/20/21 5/20/22 5/19/23 - - -
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
11
Last Close Price
4,902 JPY
Average target price
4,705 JPY
Spread / Average Target
-4.03%
Consensus
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  4. Financials Tokio Marine Holdings, Inc.