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9278

Bookoff Group Holdings TSE:9278 Stock Report

Last Price

JP¥1.12k

Market Cap

JP¥22.1b

7D

7.8%

1Y

13.2%

Updated

30 Sep, 2022

Data

Company Financials +
9278 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance5/6
Financial Health4/6
Dividends3/6

9278 Stock Overview

Bookoff Group Holdings Limited operates secondhand book and other goods stores in the Japan, Malaysia, the United States, and France.

Bookoff Group Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bookoff Group Holdings
Historical stock prices
Current Share PriceJP¥1,117.00
52 Week HighJP¥1,248.00
52 Week LowJP¥950.00
Beta0.43
1 Month Change11.59%
3 Month Change11.48%
1 Year Change13.17%
3 Year Change-5.02%
5 Year Change37.73%
Change since IPO-14.08%

Recent News & Updates

Shareholder Returns

9278JP Specialty RetailJP Market
7D7.8%-1.0%-2.2%
1Y13.2%-4.6%-6.7%

Return vs Industry: 9278 exceeded the JP Specialty Retail industry which returned -4.6% over the past year.

Return vs Market: 9278 exceeded the JP Market which returned -6.7% over the past year.

Price Volatility

Is 9278's price volatile compared to industry and market?
9278 volatility
9278 Average Weekly Movement2.5%
Specialty Retail Industry Average Movement3.5%
Market Average Movement3.5%
10% most volatile stocks in JP Market7.4%
10% least volatile stocks in JP Market1.8%

Stable Share Price: 9278 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 9278's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19901,488Yasutaka Horiuchihttps://www.bookoffgroup.co.jp

Bookoff Group Holdings Limited operates secondhand book and other goods stores in the Japan, Malaysia, the United States, and France. The company’s BOOKOFF branded stores purchases and sells preowned goods, such as books, software, home appliances, apparel, sporting and baby goods, watches, luxury brand bags, precious metals, kitchenware, and other household items, as well as trading cards, used mobile phones, and other private brand products. It also operates BOOKOFF online e-commerce Website, which sells books, software, and other merchandise; and trades in books, CDs, DVDs, and games, as well as operates a book review community site.

Bookoff Group Holdings Fundamentals Summary

How do Bookoff Group Holdings's earnings and revenue compare to its market cap?
9278 fundamental statistics
Market CapJP¥22.07b
Earnings (TTM)JP¥1.45b
Revenue (TTM)JP¥91.54b

15.2x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
9278 income statement (TTM)
RevenueJP¥91.54b
Cost of RevenueJP¥37.33b
Gross ProfitJP¥54.21b
Other ExpensesJP¥52.76b
EarningsJP¥1.45b

Last Reported Earnings

May 31, 2022

Next Earnings Date

Oct 13, 2022

Earnings per share (EPS)73.34
Gross Margin59.22%
Net Profit Margin1.58%
Debt/Equity Ratio102.9%

How did 9278 perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

24%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 9278 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9278?

Other financial metrics that can be useful for relative valuation.

9278 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.4x
Enterprise Value/EBITDA9.6x
PEG Ratio1.4x

Price to Earnings Ratio vs Peers

How does 9278's PE Ratio compare to its peers?

9278 PE Ratio vs Peers
The above table shows the PE ratio for 9278 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.8x
7638 NEW ART HOLDINGS
11.1xn/aJP¥21.4b
3159 Maruzen CHI HoldingsLtd
20.7xn/aJP¥30.2b
3333 Asahi
11.5xn/aJP¥34.1b
7514 HIMARAYALtd
7.8xn/aJP¥11.2b
9278 Bookoff Group Holdings
15.2x10.6%JP¥22.1b

Price-To-Earnings vs Peers: 9278 is expensive based on its Price-To-Earnings Ratio (15.2x) compared to the peer average (12.8x).


Price to Earnings Ratio vs Industry

How does 9278's PE Ratio compare vs other companies in the JP Specialty Retail Industry?

Price-To-Earnings vs Industry: 9278 is expensive based on its Price-To-Earnings Ratio (15.2x) compared to the JP Specialty Retail industry average (10.8x)


Price to Earnings Ratio vs Fair Ratio

What is 9278's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

9278 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.2x
Fair PE Ratio12.1x

Price-To-Earnings vs Fair Ratio: 9278 is expensive based on its Price-To-Earnings Ratio (15.2x) compared to the estimated Fair Price-To-Earnings Ratio (12.1x).


Share Price vs Fair Value

What is the Fair Price of 9278 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9278 (¥1117) is trading above our estimate of fair value (¥318.71)

Significantly Below Fair Value: 9278 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Bookoff Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9278's forecast earnings growth (10.6% per year) is above the savings rate (0.04%).

Earnings vs Market: 9278's earnings (10.6% per year) are forecast to grow faster than the JP market (8.5% per year).

High Growth Earnings: 9278's earnings are forecast to grow, but not significantly.

Revenue vs Market: 9278's revenue (5.4% per year) is forecast to grow faster than the JP market (4.2% per year).

High Growth Revenue: 9278's revenue (5.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 9278's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Bookoff Group Holdings performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


24.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 9278 has high quality earnings.

Growing Profit Margin: 9278's current net profit margins (1.6%) are higher than last year (0.2%).


Past Earnings Growth Analysis

Earnings Trend: 9278 has become profitable over the past 5 years, growing earnings by 24.5% per year.

Accelerating Growth: 9278's earnings growth over the past year (976.8%) exceeds its 5-year average (24.5% per year).

Earnings vs Industry: 9278 earnings growth over the past year (976.8%) exceeded the Specialty Retail industry 1.2%.


Return on Equity

High ROE: 9278's Return on Equity (8.9%) is considered low.


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Financial Health

How is Bookoff Group Holdings's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 9278's short term assets (¥28.3B) exceed its short term liabilities (¥16.3B).

Long Term Liabilities: 9278's short term assets (¥28.3B) exceed its long term liabilities (¥12.3B).


Debt to Equity History and Analysis

Debt Level: 9278's net debt to equity ratio (53.1%) is considered high.

Reducing Debt: 9278's debt to equity ratio has reduced from 190% to 102.9% over the past 5 years.

Debt Coverage: 9278's debt is not well covered by operating cash flow (16.4%).

Interest Coverage: 9278's interest payments on its debt are well covered by EBIT (12.2x coverage).


Balance Sheet


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Dividend

What is Bookoff Group Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.79%

Current Dividend Yield

Dividend Yield vs Market

Bookoff Group Holdings Dividend Yield vs Market
How does Bookoff Group Holdings dividend yield compare to the market?
SegmentDividend Yield
Company (Bookoff Group Holdings)1.8%
Market Bottom 25% (JP)1.7%
Market Top 25% (JP)3.7%
Industry Average (Specialty Retail)1.6%
Analyst forecast in 3 Years (Bookoff Group Holdings)1.8%

Notable Dividend: 9278's dividend (1.79%) is higher than the bottom 25% of dividend payers in the JP market (1.66%).

High Dividend: 9278's dividend (1.79%) is low compared to the top 25% of dividend payers in the JP market (3.73%).


Stability and Growth of Payments

Stable Dividend: 9278's dividend payments have been volatile in the past 10 years.

Growing Dividend: 9278's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (24.4%), 9278's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (44.2%), 9278's dividend payments are well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

6.3yrs

Average management tenure


CEO

Yasutaka Horiuchi (46 yo)

13.25yrs

Tenure

Mr. Yasutaka Horiuchi has been President and Chief Executive Officer of Bookoff Corporation Limited (now known as Bookoff Group Holdings Limited) since April 12, 2017 and April 2017 respectively. Mr. Horiu...


Leadership Team

Experienced Management: 9278's management team is seasoned and experienced (6.3 years average tenure).


Board Members

Experienced Board: 9278's board of directors are considered experienced (7.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of 9278?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders58,8000.3%
Institutions740,3143.7%
Employee Share Scheme1,225,0006.2%
Private Companies2,499,00012.6%
Public Companies4,634,00023.5%
General Public10,601,39953.7%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.2%.


Top Shareholders

Top 25 shareholders own 47.68% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
16.28%
Dai Nippon Printing Co., Ltd.
3,216,000¥3.6b0%no data
7.18%
Hard Off Corporation Co.,Ltd.
1,418,000¥1.6b0%no data
4.49%
Bookoff Group Holdings Limited, Employee Shareholding Association
887,000¥990.8m-1.77%no data
4.22%
SHUEISHA Inc.
833,000¥930.5m0%no data
4.22%
Kodansha Ltd.
833,000¥930.5m0%no data
4.22%
SHOGAKUKAN Inc.
833,000¥930.5m0%no data
1.93%
Nomura Asset Management Co., Ltd.
380,500¥425.0m-0.42%no data
1.71%
Bookoff Corp. Ltd., ESOP
338,000¥377.5m0%100%
0.89%
Daiwa Asset Management Co. Ltd.
175,500¥196.0m0.34%no data
0.88%
Nikko Asset Management Co., Ltd.
174,600¥195.0m-1.24%no data
0.71%
Dimensional Fund Advisors LP
140,065¥156.5m0%no data
0.32%
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.
62,800¥70.1m0.96%no data
0.18%
Yasutaka Horiuchi
34,600¥38.6m17.69%no data
0.14%
Asset Management One Co., Ltd.
28,400¥31.7m4.8%no data
0.07%
BlackRock, Inc.
13,800¥15.4m0.73%no data
0.051%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
10,100¥11.3m0%no data
0.051%
Noriyuki Nobayashi
10,000¥11.2m0%no data
0.036%
Norinchukin-Zenkyoren Asset Management Co., Ltd.
7,100¥7.9m0%no data
0.036%
Hideaki Tamura
7,100¥7.9m4.41%no data
0.032%
Sumitomo Mitsui DS Asset Management Company, Limited
6,300¥7.0m-1.56%no data
0.018%
Amundi Asset Management
3,521¥3.9m0%no data
0.018%
Yoshihumi Tsutsumi
3,500¥3.9m0%no data
0.0091%
Yoko Mori
1,800¥2.0m350%no data
0.0066%
Resona Asset Management Co., Ltd.
1,300¥1.5m0%no data
0.0056%
Hitachi Investment Management, Ltd.
1,100¥1.2m0%no data

Company Information

Bookoff Group Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Bookoff Group Holdings Limited
  • Ticker: 9278
  • Exchange: TSE
  • Founded: 1990
  • Industry: Specialty Stores
  • Sector: Retail
  • Implied Market Cap: JP¥22.070b
  • Shares outstanding: 19.76m
  • Website: https://www.bookoffgroup.co.jp

Number of Employees


Location

  • Bookoff Group Holdings Limited
  • 2-14-20 Kobuchi
  • Minami-ku
  • Sagamihara
  • Kanagawa
  • 252-0344
  • Japan


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
9278TSE (The Tokyo Stock Exchange)YesCommon SharesJPJPYMar 2004

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/30 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/05/31
Annual Earnings2022/05/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.