Company Valuation: Monex Group, Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 174,680 122,286 228,459 178,549 167,074 184,501 - -
Change - -29.99% 86.82% -21.85% -6.43% 10.43% - -
Enterprise Value (EV) 174,680 188,189 228,459 178,549 167,074 184,501 184,501 184,501
Change - 7.73% 21.4% -21.85% -6.43% 10.43% 0% 0%
P/E 13.1x 37.1x 7.29x -35.6x 15.4x 17x 15.4x 14.1x
PBR 1.68x 1.23x 1.73x 1.43x 1.33x 1.44x 1.84x 1.81x
PEG - -0.5x 0x 0x -0x -24.2x 1.4x 1.64x
Capitalization / Revenue 1.97x 1.54x 2.61x 2.42x 2x 2.38x 2.32x 2.27x
EV / Revenue 0x 0x 0x 0x 0x 2.38x 2.32x 2.27x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 22x 17.2x 14.5x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 15.3 15.7 23 40.3 30.7 30.4 30.5 30.6
Rate of return 2.33% 3.29% 2.59% 5.72% 4.58% 4.14% 4.16% 4.17%
EPS 2 50 12.85 121.7 -19.79 43.41 43.1 47.78 51.88
Distribution rate 30.6% 122% 18.9% -204% 70.7% 70.5% 63.8% 59%
Net sales 1 88,783 79,304 87,680 73,814 83,606 77,630 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 10,734 11,509 12,186
Net Debt - 65,903 - - - - - -
Reference price 2 656.00 477.00 887.00 704.00 670.00 734.00 734.00 734.00
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
17.68x - - 3.99% 1.17B
16.9x7.33x - 1.96% 343B
15.55x11.03x - 1.74% 336B
11.85x - - 1.91% 221B
17.06x - - 1.23% 179B
10.91x1.06x - 3.08% 59.81B
12x8.43x - 3.57% 28.95B
7.45x - - 3.9% 27.72B
15.65x4.99x - 3.52% 27.55B
17.25x1.56x9.96x0.37% 26.46B
Average 14.23x 5.73x 9.96x 2.53% 125.05B
Weighted average by Cap. 15.04x 8.16x 9.96x 1.93%

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.