Stock Analysis
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- TSE:8698
Monex Group Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags
Monex Group (TSE:8698) Full Year 2024 Results
Key Financial Results
- Revenue: JP¥58.7b (down 23% from FY 2023).
- Net income: JP¥17.0b (up 401% from FY 2023).
- Profit margin: 29% (up from 4.4% in FY 2023). The increase in margin was driven by lower expenses.
- EPS: JP¥66.02 (up from JP¥12.85 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Monex Group Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) missed analyst estimates by 23%.
Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Capital Markets industry in Japan.
Performance of the Japanese Capital Markets industry.
The company's shares are up 4.8% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Monex Group (1 makes us a bit uncomfortable!) that you need to be mindful of.
Valuation is complex, but we're helping make it simple.
Find out whether Monex Group is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About TSE:8698
Monex Group
Monex Group, Inc., an online financial institution, provides retail online brokerage services in Japan, the United States, China, and Australia.
Solid track record with adequate balance sheet and pays a dividend.