We Ran A Stock Scan For Earnings Growth And Japan Exchange Group (TSE:8697) Passed With Ease
Jul 13
Japanese (NIKKEI) Capital Markets Industry Analysis
UpdatedJul 16, 2024
DataAggregated Company Financials
Companies55
- 7D-0.9%
- 3M5.0%
- 1Y44.4%
- YTD22.6%
Last week, the Capital Markets industry hasn't moved much but Nihon M&A Center Holdings is up 5.6% in that time. As for the the longer term, the industry is up 44% over the past 12 months. Looking forward, earnings are forecast to grow by 8.0% annually.
Industry Valuation and Performance
Has the Japanese Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 16 Jul 2024 | JP¥7.6t | JP¥3.4t | JP¥417.2b | 14.3x | 18.3x | 2.2x |
| Thu, 13 Jun 2024 | JP¥8.4t | JP¥3.7t | JP¥456.7b | 14.1x | 18.3x | 2.2x |
| Sat, 11 May 2024 | JP¥8.1t | JP¥3.7t | JP¥456.5b | 15.5x | 17.8x | 2.2x |
| Mon, 08 Apr 2024 | JP¥8.3t | JP¥3.5t | JP¥362.4b | 17.9x | 22.9x | 2.4x |
| Wed, 06 Mar 2024 | JP¥8.5t | JP¥3.5t | JP¥362.6b | 18.1x | 23.3x | 2.4x |
| Fri, 02 Feb 2024 | JP¥8.9t | JP¥4.5t | JP¥414.7b | 17x | 21.4x | 2x |
| Sun, 31 Dec 2023 | JP¥5.9t | JP¥3.1t | JP¥334.1b | 15.9x | 17.7x | 1.9x |
| Tue, 28 Nov 2023 | JP¥5.9t | JP¥3.1t | JP¥334.1b | 16.2x | 17.6x | 1.9x |
| Thu, 26 Oct 2023 | JP¥7.3t | JP¥4.3t | JP¥418.4b | 15.8x | 17.3x | 1.7x |
| Sat, 23 Sep 2023 | JP¥7.5t | JP¥4.3t | JP¥418.3b | 16.8x | 18x | 1.8x |
| Mon, 21 Aug 2023 | JP¥6.6t | JP¥4.3t | JP¥416.3b | 14.4x | 15.8x | 1.5x |
| Wed, 19 Jul 2023 | JP¥6.6t | JP¥4.0t | JP¥335.7b | 16.6x | 19.5x | 1.6x |
| Fri, 16 Jun 2023 | JP¥6.6t | JP¥4.0t | JP¥335.2b | 17.7x | 19.8x | 1.7x |
| Sun, 14 May 2023 | JP¥5.9t | JP¥3.9t | JP¥304.3b | 21.6x | 19.4x | 1.5x |
| Tue, 11 Apr 2023 | JP¥5.8t | JP¥3.8t | JP¥338.5b | 22.3x | 17.3x | 1.5x |
| Thu, 09 Mar 2023 | JP¥6.3t | JP¥3.8t | JP¥340.7b | 22.9x | 18.4x | 1.7x |
| Sat, 04 Feb 2023 | JP¥5.1t | JP¥3.0t | JP¥573.6b | 20.8x | 8.9x | 1.7x |
| Mon, 02 Jan 2023 | JP¥5.7t | JP¥3.7t | JP¥608.7b | 14.8x | 9.4x | 1.5x |
| Wed, 30 Nov 2022 | JP¥6.0t | JP¥3.7t | JP¥608.7b | 16x | 9.8x | 1.6x |
| Fri, 28 Oct 2022 | JP¥5.7t | JP¥3.6t | JP¥660.8b | 13x | 8.6x | 1.6x |
| Sun, 25 Sep 2022 | JP¥5.8t | JP¥3.6t | JP¥650.6b | 13x | 9x | 1.6x |
| Tue, 23 Aug 2022 | JP¥6.0t | JP¥3.6t | JP¥650.6b | 13.1x | 9.2x | 1.7x |
| Thu, 21 Jul 2022 | JP¥6.0t | JP¥3.6t | JP¥767.4b | 10.7x | 7.8x | 1.7x |
| Sat, 18 Jun 2022 | JP¥5.6t | JP¥3.6t | JP¥766.4b | 10.3x | 7.2x | 1.5x |
| Mon, 16 May 2022 | JP¥5.5t | JP¥3.5t | JP¥792.7b | 10.4x | 7x | 1.6x |
| Wed, 13 Apr 2022 | JP¥6.1t | JP¥3.5t | JP¥687.5b | 9.5x | 8.9x | 1.8x |
| Fri, 11 Mar 2022 | JP¥6.0t | JP¥3.4t | JP¥686.9b | 9.8x | 8.8x | 1.7x |
| Sun, 06 Feb 2022 | JP¥6.3t | JP¥3.3t | JP¥418.7b | 10.2x | 15.1x | 1.9x |
| Tue, 04 Jan 2022 | JP¥6.4t | JP¥3.4t | JP¥452.4b | 10.8x | 14.2x | 1.9x |
| Thu, 02 Dec 2021 | JP¥6.4t | JP¥3.4t | JP¥455.6b | 10.7x | 14x | 1.9x |
| Sat, 30 Oct 2021 | JP¥6.8t | JP¥3.4t | JP¥514.3b | 11x | 13.3x | 2x |
| Mon, 27 Sep 2021 | JP¥7.1t | JP¥3.4t | JP¥472.5b | 11.9x | 15x | 2.1x |
| Wed, 25 Aug 2021 | JP¥6.5t | JP¥3.4t | JP¥470.9b | 10.7x | 13.8x | 1.9x |
Price to Earnings Ratio
13.7x
Current Industry PE
- Investors are optimistic on the Japanese Capital Markets industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 18.3x which is higher than its 3-year average PE of 14.7x.
- The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have declined 4.0% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Japanese Financials industry?
| JP Market | 1.03% | |
| Financials | -0.79% | |
| Capital Markets | -0.89% | |
| Diversified Capital Markets | 0% | |
| Investment Banking and Brokerage | -0.012% | |
| Asset Management | -0.52% | |
| Financial Exchanges and Data | -3.04% | |
Industry PE
- Investors are most optimistic about the Financial Exchanges and Data industry which is trading above its 3-year average PE ratio of 27.4x.
- Analysts are expecting annual earnings growth of 2.1%, which is higher than its past year's earnings decline of 19.8% per year.
- Investors are most pessimistic about the Investment Banking and Brokerage industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 13.7x.
Forecasted Growth
- Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 32% over the next 5 years.
- This is better than its past earnings decline of 6.0% per year.
- In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 2.1% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 8604 Nomura Holdings | JP¥988.60 | 3.6% +JP¥102.2b | 80.7% | PE17.6x | |
| 8601 Daiwa Securities Group | JP¥1.31k | 3.5% +JP¥62.4b | 79.8% | PE15.1x | |
| 2127 Nihon M&A Center Holdings | JP¥914.60 | 4.5% +JP¥12.4b | -14.2% | PE27x | |
| 8708 Aizawa Securities Group | JP¥3.03k | 7.1% +JP¥6.2b | 277.8% | PE31.6x | |
| 8706 Kyokuto Securities | JP¥1.67k | 12.9% +JP¥6.1b | 150.1% | PE12.3x |
