Company Valuation: Disco Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,241,500 1,657,021 6,196,471 3,239,857 6,642,215 5,685,878 - -
Change - 33.47% 273.95% -47.71% 105.02% -14.4% - -
Enterprise Value (EV) 1 1,115,729 1,493,968 5,980,985 3,010,690 6,357,640 5,331,197 5,232,929 5,105,746
Change - 33.9% 300.34% -49.66% 111.17% -16.15% -1.84% -2.43%
P/E 18.7x 20x 73.6x 26.1x 49x 30.2x 24.5x 21x
PBR 4.24x 4.78x 15.3x 6.78x 11.3x 8.09x 6.71x 5.75x
PEG - 0.8x 47.66x 0.6x 5.26x 0.8x 1.1x 1.2x
Capitalization / Revenue 4.89x 5.83x 20.1x 8.24x 15.2x 10.1x 8.53x 7.49x
EV / Revenue 4.4x 5.26x 19.4x 7.65x 14.6x 9.51x 7.85x 6.72x
EV / EBITDA 11.2x 12.4x 45.1x 16.8x 31.8x 19.9x 16.1x 13.6x
EV / EBIT 12.2x 13.5x 49.2x 18x 34.4x 20.9x 16.6x 13.9x
EV / FCF 27.8x 21.7x 73.7x 56.3x -2,856x 42.2x 29.8x 23.7x
FCF Yield 3.59% 4.6% 1.36% 1.78% -0.04% 2.37% 3.36% 4.21%
Dividend per Share 2 269.3 305.3 307 413 505 686.4 848.8 1,074
Rate of return 2.35% 2% 0.54% 1.38% 0.82% 1.31% 1.62% 2.05%
EPS 2 611.7 765.5 777.3 1,143 1,250 1,738 2,141 2,502
Distribution rate 44% 39.9% 39.5% 36.1% 40.4% 39.5% 39.6% 42.9%
Net sales 1 253,781 284,135 307,554 393,300 436,889 560,701 666,446 759,523
EBITDA 1 100,064 120,784 132,521 179,000 199,810 267,341 324,254 374,918
EBIT 1 91,513 110,413 121,490 166,800 184,989 254,716 314,546 367,750
Net income 1 66,206 82,891 84,205 123,900 135,521 187,927 232,255 271,380
Net Debt 1 -125,771 -163,053 -215,486 -229,167 -284,575 -354,681 -452,950 -580,132
Reference price 2 11,466.67 15,300.00 57,190.00 29,895.00 61,240.00 52,420.00 52,420.00 52,420.00
Nbr of stocks (in thousands) 108,270 108,302 108,349 108,375 108,462 108,468 - -
Announcement Date 4/21/22 A 4/20/23 A 4/25/24 A 4/17/25 A 4/22/26 A - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
35.21x10.68x30.87x0.42% 368B
65.67x9.68x51.84x0.14% 73.32B
65.06x19.35x84.8x0.12% 50.3B
35.72x9.37x24.33x0.49% 46.4B
30.16x9.51x19.94x1.31% 36.11B
79.19x23.94x91.01x0.13% 31.37B
37.12x3.49x10.64x0.41% 26.65B
81.06x15.84x76.65x0.31% 21.13B
76.68x20.39x72.38x0.18% 19.05B
Average 56.21x 13.58x 51.39x 0.39% 74.75B
Weighted average by Cap. 45.27x 11.84x 40.77x 0.4%

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

-40%: Exceptional extension
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