Company Valuation: Keio Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 584,249 567,206 509,439 450,232 446,494 451,760 - -
Change - -2.92% -10.18% -11.62% -0.83% 1.18% - -
Enterprise Value (EV) 1 892,560 898,828 871,727 848,913 857,769 891,830 929,254 965,466
Change - 0.7% -3.02% -2.62% 1.04% 3.97% 4.2% 3.9%
P/E 105x 43.2x 17.4x 10.8x 10.6x 10.6x 11.2x 11.3x
PBR 1.71x 1.61x 1.3x 1.09x 1.01x 0.95x 0.9x 0.86x
PEG - 0x 0x 0.2x 3.33x 20.08x -2.32x -13.51x
Capitalization / Revenue 1.95x 1.63x 1.25x 0.99x 0.9x 0.89x 0.84x 0.83x
EV / Revenue 2.98x 2.59x 2.13x 1.87x 1.73x 1.75x 1.72x 1.77x
EV / EBITDA 28x 17.8x 11.7x 9.76x 9.87x 9.84x 9.71x 9.59x
EV / EBIT 1,206x 41.8x 19.9x 15.7x 16.4x 17.2x 16.7x 16.7x
EV / FCF 64.2x -52.9x 89.2x -89.4x 598x -38.3x -88x -117x
FCF Yield 1.56% -1.89% 1.12% -1.12% 0.17% -2.61% -1.14% -0.85%
Dividend per Share 2 8 8 10.5 20 110 22.2 23.08 24.12
Rate of return 0.84% 0.86% 1.26% 2.63% 14.3% 2.84% 2.96% 3.09%
EPS 2 9.15 21.48 47.9 70.75 73 73.39 69.85 69.26
Distribution rate 87.4% 37.2% 21.9% 28.3% 151% 30.3% 33% 34.8%
Net sales 1 299,872 347,133 408,694 452,916 496,939 510,420 539,080 544,925
EBITDA 1 31,904 50,606 74,483 86,958 86,914 90,676 95,726 100,694
EBIT 1 740 21,479 43,840 54,148 52,322 51,760 55,600 57,725
Net income 1 5,585 13,114 29,243 42,857 42,929 42,200 39,620 38,925
Net Debt 1 308,311 331,622 362,288 398,681 411,275 440,070 477,494 513,705
Reference price 2 957.00 929.00 834.40 761.40 771.30 780.40 780.40 780.40
Nbr of stocks (in thousands) 610,500 610,555 610,545 591,321 578,885 578,883 - -
Announcement Date 5/2/22 A 5/12/23 A 5/10/24 A 5/12/25 A 5/13/26 A - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.63x1.75x9.84x2.84% 2.88B
7.45x3.9x8.16x0.85% 23.09B
13.23x1.59x8.08x3.2% 8.8B
13.17x1.98x12.79x2.22% 6.83B
10.35x1.98x11.08x1.94% 5.98B
13.88x0.94x10.8x1.86% 4.3B
14.75x2.97x14.69x1.73% 4.23B
25.22x6.07x18.84x1.97% 3.97B
15.38x2.92x12.78x3.33% 3.92B
10.26x1.96x10.38x2.53% 3.69B
Average 13.43x 2.61x 11.74x 2.25% 6.77B
Weighted average by Cap. 11.69x 2.86x 10.54x 1.9%

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

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  4. Valuation Keio Corporation
-40%: Exceptional extension
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