Company Valuation: DIP Corporation

Data adjusted to current consolidation scope
Fiscal Period: February 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 189,106 196,979 144,337 111,734 105,934 96,615 - -
Change - 4.16% -26.72% -22.59% -5.19% -8.8% - -
Enterprise Value (EV) 1 172,537 175,005 125,220 93,577 88,195 81,701 83,861 85,684
Change - 1.43% -28.45% -25.27% -5.75% -7.36% 2.64% 2.17%
P/E 54x 24.8x 16x 12.7x 17.8x 26x 22.4x 19x
PBR 5.83x 5.22x 3.66x 3.12x 2.88x 2.81x 2.98x 3.15x
PEG - 0x 1.1x 4.18x -0.5x -0.7x 1.4x 1.1x
Capitalization / Revenue 4.79x 3.99x 2.68x 1.98x 1.93x 1.82x 1.79x 1.7x
EV / Revenue 4.37x 3.55x 2.33x 1.66x 1.61x 1.54x 1.55x 1.51x
EV / EBITDA 21.4x 12.3x 7.91x 5.51x 6.63x 8.72x 7.72x 6.93x
EV / EBIT 30.8x 15.2x 9.81x 6.98x 9.68x 14x 12.8x 11x
EV / FCF 26x 19.3x 23.2x 8.35x -79.4x 30.2x 21.5x 21.6x
FCF Yield 3.84% 5.19% 4.32% 12% -1.26% 3.31% 4.65% 4.64%
Dividend per Share 2 61 72 88 95 95 96.67 96.33 96.5
Rate of return 1.8% 2.05% 3.36% 4.45% 4.7% 5.23% 5.21% 5.22%
EPS 2 62.77 142 163.4 168.4 113.8 71.2 82.39 97.08
Distribution rate 97.2% 50.7% 53.8% 56.4% 83.5% 136% 117% 99.4%
Net sales 1 39,515 49,356 53,782 56,386 54,853 53,068 53,976 56,800
EBITDA 1 8,055 14,270 15,828 16,983 13,302 9,365 10,861 12,365
EBIT 1 5,602 11,538 12,761 13,406 9,113 5,818 6,545 7,810
Net income 1 3,487 7,936 9,051 8,951 5,956 3,724 4,307 5,081
Net Debt 1 -16,570 -21,974 -19,117 -18,156 -17,739 -14,914 -12,754 -10,931
Reference price 2 3,390.00 3,520.00 2,619.00 2,135.00 2,023.00 1,848.00 1,848.00 1,848.00
Nbr of stocks (in thousands) 55,784 55,960 55,111 52,334 52,365 52,281 - -
Announcement Date 4/14/22 A 4/14/23 A 4/12/24 A 4/14/25 A 4/14/26 A - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.96x1.54x8.72x5.23% 615M
31.48x5.51x21.3x0.15% 154B
9.78x2.96x6.47x1.71% 6.62B
21.79x4.12x9.32x4.65% 2.96B
19.84x2.61x9.93x-.--% 2.19B
32.33x1.68x12.34x0.77% 456M
9.99x0.85x5.02x4.58% 417M
7.94x0.62x4.62x-.--% 304M
7.48x - - - 138M
Average 18.51x 2.49x 9.72x 2.14% 18.62B
Weighted average by Cap. 30.16x 5.30x 20.21x 0.32%

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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  4. Valuation DIP Corporation
-40%: Exceptional extension
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