Financials SBI Sumishin Net Bank, Ltd.

Equities

7163

JP3400650002

Banks

Market Closed - Japan Exchange Other stock markets 07:00:00 28/06/2024 BST			5-day change	1st Jan Change
3,055 ^JPY	+2.79%		+3.17%	+97.48%

05-14	Tranche Update on SBI Sumishin Net Bank, Ltd.'s Equity Buyback Plan announced on May 10, 2024.	CI
05-13	SBI Sumishin Net Bank, Ltd.'s Equity Buyback announced on May 10, 2024, has closed with 47,800 shares, representing 0.03% for ¥119.91 million.	CI

Valuation

Fiscal Period: March	2023	2024	2025	2026	2027
Capitalization ¹	183,516	351,409	460,524	-	-
Enterprise Value (EV) ¹	183,516	351,409	460,524	460,524	460,524
P/E ratio	9.21 x	14.1 x	16.4 x	13.3 x	10.9 x
Yield	16.3%	0.71%	0.58%	0.69%	0.84%
Capitalization / Revenue	1.87 x	2.96 x	5.69 x	3.76 x	3.26 x
EV / Revenue	1.87 x	2.96 x	5.69 x	3.76 x	3.26 x
EV / EBITDA	-	-	-	-	-
EV / FCF	-	648,984 x	-	-	-
FCF Yield	-	0%	-	-	-
Price to Book	1.39 x	2.32 x	2.59 x	2.2 x	1.84 x
Nbr of stocks (in thousands)	150,794	150,755	150,744	-	-
Reference price ²	1,217	2,331	3,055	3,055	3,055
Announcement Date	15/05/23	10/05/24	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2023	2024	2025	2026	2027
Net sales ¹	98,052	118,572	80,967	122,523	141,352
EBITDA	-	-	-	-	-
EBIT ¹	30,291	35,281	40,030	51,935	61,926
Operating Margin	30.89%	29.75%	49.44%	42.39%	43.81%
Earnings before Tax (EBT) ¹	29,030	35,604	39,336	53,102	63,357
Net income ¹	19,932	24,845	28,073	34,645	42,420
Net margin	20.33%	20.95%	34.67%	28.28%	30.01%
EPS ²	132.2	164.8	186.2	229.7	281.3
Free Cash Flow	-	541,476	-	-	-
FCF margin	-	456.66%	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-
FCF Conversion (Net income)	-	2,179.42%	-	-	-
Dividend per Share ²	199.0	16.50	17.84	21.04	25.71
Announcement Date	15/05/23	10/05/24	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2024 Q1	2024 Q2	2024 S1	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales	25,963	27,998	53,961	31,358	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-
EBIT ¹	7,960	8,533	-	8,867	9,921	8,292	10,223	9,346	12,625
Operating Margin	30.66%	30.48%	-	28.28%	-	-	-	-	-
Earnings before Tax (EBT)	9,222	-	17,537	8,769	-	-	-	-	-
Net income	6,581	5,657	12,238	6,016	6,591	-	-	-	-
Net margin	25.35%	20.21%	22.68%	19.18%	-	-	-	-	-
EPS ²	43.64	37.51	81.15	39.91	43.72	37.40	46.32	41.50	58.68
Dividend per Share	-	-	7.500	-	-	-	-	-	-
Announcement Date	28/07/23	07/11/23	07/11/23	29/01/24	10/05/24	-	-	-	-

¹JPY in Million²JPY

Estimates

Balance Sheet Analysis

Fiscal Period: March	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-
Net Cash position	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow	-	541,476	-	-	-
ROE (net income / shareholders' equity)	14.4%	17.5%	17.6%	18.1%	18.6%
ROA (Net income/ Total Assets)	-	0.36%	0.27%	0.3%	0.3%
Assets ¹	-	6,900,239	10,455,340	11,665,006	14,031,064
Book Value Per Share ²	873.0	1,005	1,177	1,390	1,658
Cash Flow per Share	-	213.0	-	-	-
Capex	-	9,700	-	-	-
Capex / Sales	-	8.18%	-	-	-
Announcement Date	15/05/23	10/05/24	-	-	-

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

Ratings for SBI Sumishin Net Bank, Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

3,055 JPY

Average target price

2,834 JPY

Spread / Average Target

-7.22%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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