Company Valuation: ARCS Company Limited

Data adjusted to current consolidation scope
Fiscal Period: February 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 122,554 121,367 167,170 150,552 207,261 188,612 - -
Change - -0.97% 37.74% -9.94% 37.67% -9% - -
Enterprise Value (EV) 82,090 76,237 118,593 100,607 145,410 188,612 188,612 188,612
Change - -7.13% 55.56% -15.17% 44.53% 29.71% 0% 0%
P/E 11.9x 12.2x 14.5x 13.6x 16.8x 14.9x 14x 13.3x
PBR 0.75x 0.71x 0.94x 0.82x 1.06x 0.92x 0.89x 0.85x
PEG - -4.45x 0.7x -3.21x 1.3x 5.71x 2.21x 2.38x
Capitalization / Revenue 0.21x 0.21x 0.28x 0.25x 0.33x 0.29x 0.28x 0.27x
EV / Revenue 0x 0x 0x 0x 0x 0.29x 0.28x 0.27x
EV / EBITDA 0x 0x 0x 0x 0x 6.48x 6.18x 5.94x
EV / EBIT 0x 0x 0x 0x 0x 10.3x 9.7x 9.18x
EV / FCF 0x 0x 0x 0x 0x 17.8x 13.2x 12.5x
FCF Yield 8.02% 7.6% 8.02% 4.97% 8.69% 5.62% 7.58% 8.01%
Dividend per Share 2 57 58 68 74 82 85.5 92 97
Rate of return 2.62% 2.68% 2.2% 2.65% 2.11% 2.42% 2.6% 2.74%
EPS 2 182.5 177.5 214 205 231.4 237.4 252.4 266.6
Distribution rate 31.2% 32.7% 31.8% 36.1% 35.4% 36% 36.4% 36.4%
Net sales 1 577,568 566,209 591,557 608,284 626,957 647,350 666,650 686,000
EBITDA 1 24,430 23,657 26,705 26,361 28,157 29,100 30,500 31,750
EBIT 1 15,562 14,835 16,831 15,936 17,632 18,250 19,450 20,550
Net income 1 10,304 9,947 11,766 11,063 12,445 12,650 13,450 14,200
Net Debt -40,464 -45,130 -48,577 -49,945 -61,851 - - -
Reference price 2 2,176.00 2,168.00 3,095.00 2,789.00 3,890.00 3,540.00 3,540.00 3,540.00
Nbr of stocks (in thousands) 56,321 55,981 54,013 53,981 53,280 53,280 - -
Announcement Date 4/14/22 A 4/14/23 A 4/15/24 A 4/14/25 A 4/13/26 A - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.25x - - 2.36% 1.23B
19.81x0.9x6.12x5.59% 38.74B
40.37x1.64x20.61x0.3% 31.84B
17.22x0.64x7.32x2.89% 30.53B
73.59x3.26x42.66x-.--% 27.47B
29.74x0.92x9.88x3.18% 22.73B
11.62x0.24x4.34x6.57% 12.91B
16.44x0.39x5.62x3.78% 12.74B
7.88x1.74x5.56x2.52% 11.89B
17.29x0.4x6.13x3.93% 10.46B
Average 24.92x 1.12x 12.03x 3.11% 20.05B
Weighted average by Cap. 29.56x 1.25x 13.90x 2.96%

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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