Company Valuation: Calbee, Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 305,175 346,148 428,366 349,012 374,126 353,091 - -
Change - 13.43% 23.75% -18.52% 7.2% -5.62% - -
Enterprise Value (EV) 1 248,153 315,830 411,106 328,811 350,615 344,791 347,172 345,126
Change - 27.27% 30.17% -20.02% 6.63% -1.66% 0.69% -0.59%
P/E 17.3x 24.1x 21.5x 16.7x 22x 19.8x 18x 17x
PBR 1.73x 1.99x 2.23x 1.7x 1.78x 1.6x 1.56x 1.46x
PEG - -1.6x 0.6x 3.37x -1.4x 4.15x 1.8x 2.97x
Capitalization / Revenue 1.24x 1.24x 1.41x 1.08x 1.1x 0.96x 0.93x 0.9x
EV / Revenue 1.01x 1.13x 1.36x 1.02x 1.03x 0.94x 0.92x 0.88x
EV / EBITDA 6.87x 9.22x 10.3x 7.58x 8.1x 7.85x 7.24x 6.81x
EV / EBIT 9.87x 14.2x 15.1x 11.3x 13.4x 13x 11.7x 11x
EV / FCF 25.2x -42.6x -37.5x 31.3x 37.4x 47.9x 33.3x 19.9x
FCF Yield 3.96% -2.34% -2.67% 3.19% 2.68% 2.09% 3.01% 5.01%
Dividend per Share 2 52 52 56 58 66 69 72.48 75.9
Rate of return 2.21% 1.88% 1.63% 2.08% 2.14% 2.38% 2.5% 2.61%
EPS 2 136.2 115.2 159.2 167.1 140 146.7 161.7 171
Distribution rate 38.2% 45.2% 35.2% 34.7% 47.1% 47% 44.8% 44.4%
Net sales 1 245,419 279,315 303,027 322,564 340,151 366,520 378,783 391,517
EBITDA 1 36,143 34,259 39,979 43,362 43,266 43,900 47,932 50,716
EBIT 1 25,135 22,233 27,304 29,066 26,173 26,500 29,617 31,300
Net income 1 18,053 14,772 19,886 20,874 17,329 17,660 19,667 20,683
Net Debt 1 -57,022 -30,318 -17,260 -20,201 -23,511 -8,300 -5,919 -7,965
Reference price 2 2,355.00 2,771.00 3,429.00 2,793.50 3,077.00 2,904.00 2,904.00 2,904.00
Nbr of stocks (in thousands) 129,586 124,918 124,925 124,937 121,588 121,588 - -
Announcement Date 5/10/22 A 5/9/23 A 5/9/24 A 5/12/25 A 5/14/26 A - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.81x2.89x14.3x3.87% 258B
19.85x2.49x14.87x3.3% 79.53B
18.14x1.85x10.46x3.48% 49.97B
16.55x0.53x10.03x2.6% 38.2B
21.23x3.22x13.03x3.3% 35.17B
12.32x1.97x9.67x6.21% 30.65B
70.35x10.75x44.7x1.09% 30.5B
35.07x2.97x17.56x1.02% 29.74B
Average 26.79x 3.33x 16.83x 3.11% 68.91B
Weighted average by Cap. 23.20x 2.98x 15.26x 3.45%

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