Company Valuation: Monex Group, Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 174,680 122,286 228,459 178,549 167,074 183,244 - -
Change - -29.99% 86.82% -21.85% -6.43% 9.68% - -
Enterprise Value (EV) 174,680 188,189 228,459 178,549 167,074 183,244 183,244 183,244
Change - 7.73% 21.4% -21.85% -6.43% 9.68% 0% 0%
P/E 13.1x 37.1x 7.29x -35.6x 15.4x 14.8x 15.3x 14.1x
PBR 1.68x 1.23x 1.73x 1.43x 1.33x 2.8x 1.83x 1.79x
PEG - -0.5x 0x 0x -0x 1.1x -5.3x 1.64x
Capitalization / Revenue 1.97x 1.54x 2.61x 2.42x 2x 2.3x 2.31x 2.26x
EV / Revenue 0x 0x 0x 0x 0x 2.3x 2.31x 2.26x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 21.8x 17.1x 14.4x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 15.3 15.7 23 40.3 30.7 30.8 30.5 30.6
Rate of return 2.33% 3.29% 2.59% 5.72% 4.58% 4.22% 4.18% 4.2%
EPS 2 50 12.85 121.7 -19.79 43.41 49.2 47.78 51.88
Distribution rate 30.6% 122% 18.9% -204% 70.7% 62.6% 63.8% 59%
Net sales 1 88,783 79,304 87,680 73,814 83,606 79,600 79,477 81,256
EBITDA - 13,371 - - - - - -
EBIT 1 14,948 4,829 8,310 5,646 8,474 8,399 10,736 12,755
Net income 1 13,017 3,392 31,293 -5,067 10,914 11,200 11,342 12,020
Net Debt - 65,903 - - - - - -
Reference price 2 656.00 477.00 887.00 704.00 670.00 729.00 729.00 729.00
Nbr of stocks (in thousands) 266,280 256,365 257,564 253,621 249,364 251,364 - -
Announcement Date 27/04/22 27/04/23 25/04/24 09/05/25 12/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.82x - - 4.22% 1.15B
16.5x7.27x - 2.01% 336B
14.69x10.71x - 1.83% 315B
11.77x - - 1.91% 221B
18.06x7.2x11.96x1.13% 194B
9.92x0.51x - 3.69% 60.68B
18.42x - - 0.34% 28.45B
10.88x8.4x - 3.8% 28.22B
15.9x4.98x - 3.47% 27.87B
6.68x - - 4.53% 25.8B
Average 13.76x 6.51x 11.96x 2.69% 123.83B
Weighted average by Cap. 14.82x 7.92x 11.96x 1.98%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Monex Group, Inc.