Company Valuation: BASE,Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 68,655 26,601 28,103 37,629 36,716 35,238 - -
Change - -61.25% 5.65% 33.9% -2.43% -4.02% - -
Enterprise Value (EV) 44,602 4,191 5,876 12,626 10,745 35,238 35,238 35,238
Change - -90.6% 40.2% 114.86% -14.9% 227.96% 0% 0%
P/E -57x -15.3x -46x 111x 20.1x 17.8x 14x 11.2x
PBR 4.55x 1.99x 2.16x 2.81x 2.51x 2.28x 2.15x 1.97x
PEG - -0.4x 0.7x -1x 0x 2.12x 0.5x 0.5x
Capitalization / Revenue 6.91x 2.73x 2.41x 2.35x 1.77x 1.28x 1.14x 1.01x
EV / Revenue 0x 0x 0x 0x 0x 1.28x 1.14x 1.01x
EV / EBITDA -0x -0x -0x 0x - 14.2x 11.4x 9.01x
EV / EBIT -0x -0x -0x 0x 0x 14.5x 11.6x 9.13x
EV / FCF 0x -0x -0x 0x 0x 4.84x 7.05x 5.77x
FCF Yield 2.57% -6.51% -0.48% 9.65% 8.86% 20.7% 14.2% 17.3%
Dividend per Share 2 - - - - 5 5 5 5
Rate of return - - - - 1.57% 1.63% 1.63% 1.63%
EPS 2 -10.8 -15.46 -5.31 2.94 15.87 17.2 21.9 27.3
Distribution rate - - - - 31.5% 29.1% 22.8% 18.3%
Net sales 1 9,931 9,739 11,680 15,981 20,729 27,600 31,000 34,900
EBITDA 1 -932 -1,459 -423 803 - 2,480 3,100 3,910
EBIT 1 -977 -1,508 -425 772 1,686 2,430 3,050 3,860
Net income 1 -1,194 -1,732 -606 340 1,826 1,930 2,450 3,060
Net Debt -24,053 -22,410 -22,227 -25,003 -25,971 - - -
Reference price 2 616.00 236.00 244.00 325.00 319.00 306.00 306.00 306.00
Nbr of stocks (in thousands) 111,453 112,718 115,178 115,782 115,096 115,157 - -
Announcement Date 2/9/22 A 2/8/23 A 2/8/24 A 2/14/25 A 2/12/26 A - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.73x - - 1.64% 215M
14.9x4.05x9.47x1.38% 507B
19.66x5.82x17.49x-.--% 293B
22.4x2.4x12.44x-.--% 139B
34.01x4.15x27.34x-.--% 102B
3.79x77.34x2.8x0.14% 98.3B
10.61x7.77x89.06x0.65% 90.99B
28.88x5.46x15.41x-.--% 87.16B
72.46x4.24x20.7x-.--% 80.33B
8.21x2.72x42.73x0.75% 36.64B
Average 23.27x 12.66x 26.38x 0.46% 143.44B
Weighted average by Cap. 20.82x 9.58x 19.09x 0.56%

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