Japan Exchange Group Inc 8697

Morningstar Rating
¥‎1,909.00 +9.00 (0.47%)
View Full Chart

Company Report

Japan Exchange's Underlying Results Continue to Be Strong Due to Yen Depreciation

Japan Exchange Group’s strategy has long focused on various attempts to help revitalize the Japanese economy and financial markets. Over the past decade, this strategy took shape through various mergers and acquisitions, such as the merger between predecessor companies Tokyo Stock Exchange and Osaka Securities Exchange in 2013 and the acquisition of Tokyo Commodity Exchange in 2019. Through these mergers and acquisitions, the Japan Exchange Group has become a vertically integrated securities exchange business, with offerings across the full breadth and depth of exchanges and a dominant market share in listing, trading and clearing in Japan. JPX’s current strategy continues in a similar vein, with its medium-term management plan aiming to reinvigorate the Japanese economy and financial markets, primarily by focusing on supporting fundraising and asset formation.

Price vs Fair Value

8697 is trading at a 193% premium.
Price
¥‎1,909.00
Fair Value
¥‎4,144.00
Uncertainty
Medium
1-Star Price
¥‎9,565.14
5-Star Price
¥‎631.70
Economic Moat
Ysnb
Capital Allocation
Dsttnhwld

Bulls Say, Bears Say

Bulls

JPX is a vertically integrated exchange with an effective monopoly to Japan, the world’s third-largest economy.

Bears

JPX’s fate is strongly linked to Japan’s economy, which has been stagnant or declining for nearly three decades due to the country’s aging population and high public debt levels.

News

Trading Information

Previous Close Price
¥‎1,900.00
Day Range
¥‎1,872.001,966.00
52-Week Range
¥‎1,338.002,172.00
Bid/Ask
¥‎1,907.50 / ¥‎1,914.00
Market Cap
¥‎992.99 Bil
Volume/Avg
4.4 Mil / 3.2 Mil

Key Statistics

Price/Earnings (Normalized)
16.33
Price/Sales
12.69
Dividend Yield (Trailing)
1.91%
Dividend Yield (Forward)
1.78%
Total Yield
2.08%

Company Profile

Japan Exchange Group is a vertically integrated securities exchange business, which includes the Tokyo Stock Exchange, Osaka Exchange, and Tokyo Commodity Exchange. JPX ranks among the top five largest stock exchange operators in the world by market capitalization, and its Nikkei 225 and Topix derivatives products are some of the most widely traded derivatives products in the world.
Sector
Financial Services
Industry
Financial Data & Stock Exchanges
Stock Style Box
Large Core
Total Number of Employees
1,249

Competitors

Valuation

Metric
8697
NDAQ
ICE
Price/Earnings (Normalized)
16.3326.4027.41
Price/Book Value
6.053.843.41
Price/Sales
12.696.098.41
Price/Cash Flow
26.1224.5621.41
Price/Earnings
8697
NDAQ
ICE

Financial Strength

Metric
8697
NDAQ
ICE
Quick Ratio
0.000.200.05
Current Ratio
1.000.940.99
Interest Coverage
809.663.994.04
Quick Ratio
8697
NDAQ
ICE

Profitability

Metric
8697
NDAQ
ICE
Return on Assets (Normalized)
0.08%5.28%2.44%
Return on Equity (Normalized)
19.46%16.67%12.95%
Return on Invested Capital (Normalized)
16.28%8.83%8.19%
Return on Assets
8697
NDAQ
ICE

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