Company Valuation: DTS Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 120,697 140,384 172,448 156,255 163,648 175,900 - -
Change - 16.31% 22.84% -9.39% 4.73% 7.49% - -
Enterprise Value (EV) 73,377 96,054 133,048 125,737 133,082 175,900 175,900 175,900
Change - 30.9% 38.51% -5.5% 5.84% 32.17% 0% 0%
P/E 15.5x 17.7x 23.9x 15.7x 14.1x 15x 13.7x 12.6x
PBR 1.95x 2.29x 2.77x 2.77x 2.58x 2.7x 2.51x 2.33x
PEG - 3.54x -3.36x 0.3x 0.9x 5.58x 1.41x 1.47x
Capitalization / Revenue 1.28x 1.32x 1.49x 1.24x 1.21x 1.23x 1.17x 1.11x
EV / Revenue 0x 0x 0x 0x 0x 1.23x 1.17x 1.11x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 10.3x 9.45x 8.73x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 17.5 30 25.75 31.75 82 38 41.67 45.33
Rate of return 2.61% 3.73% 2.56% 3.18% 7.98% 3.38% 3.71% 4.03%
EPS 2 43.2 45.35 42.13 63.45 72.94 74.9 82.2 89.27
Distribution rate 40.5% 66.1% 61.1% 50% 112% 50.7% 50.7% 50.8%
Net sales 1 94,452 106,132 115,727 125,908 135,213 142,675 149,743 158,697
EBITDA 11,798 12,436 - - - - - -
EBIT 1 11,196 11,694 12,508 14,489 16,434 17,150 18,617 20,160
Net income 1 7,853 8,001 7,293 10,635 11,644 11,740 12,797 13,820
Net Debt -47,320 -44,330 -39,400 -30,518 -30,566 - - -
Reference price 2 669.50 805.00 1,005.00 998.75 1,027.00 1,124.00 1,124.00 1,124.00
Nbr of stocks (in thousands) 180,280 174,390 171,591 156,451 159,345 156,495 - -
Announcement Date 4/28/22 A 4/28/23 A 4/26/24 A 5/1/25 A 5/1/26 A - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
23.14x3.77x13.17x2.87% 222B
-116.79x18.57x106.98x-.--% 115B
13.73x1.52x7.97x3.49% 113B
14.91x2.72x10.28x5.51% 87.05B
20.45x5.36x13.17x2.79% 62.19B
14.69x2.13x9.06x5.31% 47.45B
20.59x1.68x10.33x1.42% 39.79B
20.4x1.55x9.86x0.92% 38.85B
17.74x2.3x10.68x4.87% 36.84B
Average 3.21x 4.40x 21.28x 3.02% 84.77B
Weighted average by Cap. -1.63x 5.29x 25.56x 2.9%

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