Company Valuation: FP Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 368,535 238,626 268,461 222,826 228,080 204,214 - -
Change - -35.25% 12.5% -17% 2.36% -10.46% - -
Enterprise Value (EV) 1 424,109 297,046 346,366 291,903 289,573 245,533 263,181 273,299
Change - -29.96% 16.6% -15.72% -0.8% -15.21% 3.93% 3.84%
P/E Ratio 30.5x 21.3x 23.3x 19.2x 18.3x 12.8x 14x 12.6x
PBR 2.96x 1.81x 1.93x 1.54x 1.49x 1.16x 1.19x 1.13x
PEG - -2.9x 8.16x 10.28x 2.4x 0.7x -8.65x 1.1x
Capitalization / Revenue 1.87x 1.22x 1.27x 1x 0.97x 0.79x 0.8x 0.79x
EV / Revenue 2.15x 1.52x 1.64x 1.31x 1.23x 1.02x 1.03x 1.06x
EV / EBITDA 13.1x 10.1x 11.2x 9.27x 8.72x 6.78x 7.25x 7.11x
EV / EBIT 22.6x 18.7x 20.7x 17.8x 15.7x 11.4x 12x 11.5x
EV / FCF 33.4x 1,053x -45x 15.8x 22.3x 18.3x -17.5x 41.6x
FCF Yield 2.99% 0.09% -2.22% 6.33% 4.49% 5.45% -5.7% 2.4%
Dividend per Share 2 44.5 47 47 57 61.5 73 72.5 80
Rate of return 0.99% 1.61% 1.43% 2.07% 2.18% 3.1% 2.87% 3.17%
EPS 2 147.8 137 140.9 143.5 154.5 183.9 179.9 200.8
Distribution rate 30.1% 34.3% 33.4% 39.7% 39.8% 39.7% 40.3% 39.8%
Net sales 1 196,950 195,700 211,285 222,100 235,628 240,490 254,605 257,186
EBITDA 1 32,372 29,520 30,883 31,481 33,222 36,208 36,300 38,433
EBIT 1 18,763 15,884 16,703 16,429 18,471 21,614 21,933 23,720
Net income 1 12,211 11,206 11,529 11,724 12,486 14,869 14,550 15,542
Net Debt 1 55,574 58,420 77,905 69,077 61,493 55,149 58,967 69,086
Reference price 2 4,505.00 2,916.00 3,280.00 2,757.00 2,821.00 2,525.00 2,525.00 2,525.00
Nbr of stocks (in thousands) 81,806 81,833 81,848 80,822 80,851 80,877 - -
Announcement Date 4/28/21 A 4/28/22 A 4/28/23 A 4/30/24 A 4/30/25 A 4/30/26 A - -
1JPY in Million2JPY
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.6x1.39x8.8x6.22% 18.76B
21.77x1.98x9.49x1.65% 7.51B
11x - - - 1.48B
10.03x - - 3.55% 1.45B
Average 14.85x 1.68x 9.14x 3.81% 7.3B
Weighted average by Cap. 17.32x 1.56x 8.99x 4.84%

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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