Company Valuation: Keyware Solutions Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 5,013 4,971 4,325 6,481 5,877 9,281
Change - -0.85% -12.98% 49.83% -9.32% 57.92%
Enterprise Value (EV) 1 5,511 4,436 3,287 4,517 4,014 5,916
Change - -19.52% -25.88% 37.4% -11.13% 47.38%
P/E 7.61x 8.72x 8.97x 8.89x 5.72x 11.6x
PBR 0.83x 0.67x 0.55x 0.75x 0.8x 1.16x
PEG - -0.3x -0.6x 0.2x 0.1x -0.5x
Capitalization / Revenue 0.27x 0.27x 0.23x 0.32x 0.28x 0.41x
EV / Revenue 0.3x 0.24x 0.17x 0.22x 0.19x 0.26x
EV / EBITDA 7.76x 7.03x 4.01x 4.19x 3.45x 4.23x
EV / EBIT 8.68x 8.05x 4.45x 5.17x 4.36x 5.23x
EV / FCF -12.2x 14x 7.31x 3.91x -7.29x 2.74x
FCF Yield -8.18% 7.16% 13.7% 25.6% -13.7% 36.5%
Dividend per Share 2 12 12 12 20 32 34
Rate of return 1.63% 1.94% 2.23% 2.48% 4.39% 3.06%
EPS 2 96.49 70.98 59.97 90.59 127.5 95.84
Distribution rate 12.4% 16.9% 20% 22.1% 25.1% 35.5%
Net sales 1 18,627 18,427 19,173 20,511 21,101 22,724
EBITDA 1 710 631 819 1,079 1,164 1,400
EBIT 1 635 551 739 873 921 1,131
Net income 1 685 556 482 729 1,031 801
Net Debt 1 498 -535 -1,038 -1,964 -1,863 -3,365
Reference price 2 734.00 619.00 538.00 805.00 729.00 1,110.00
Nbr of stocks (in thousands) 6,830 8,030 8,040 8,051 8,062 8,361
Announcement Date 6/23/21 A 6/23/22 A 6/21/23 A 6/25/24 A 6/24/25 A 6/24/26 A
1JPY in Million2JPY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 57.52M
22.32x6.08x10.87x1.43% 411B
25.9x5.18x16.32x1.47% 244B
77.35x7.51x20.11x-.--% 124B
36.99x3.47x12.75x0.18% 45.74B
-46.77x77.3x666.24x-.--% 35.55B
28.56x11.24x18.35x-.--% 23.28B
36.91x2.44x22.18x-.--% 20.2B
102.03x9.77x39.68x-.--% 14.8B
-613.32x3.64x12.2x - 13.29B
Average -36.67x 14.07x 90.96x 0.38% 93.16B
Weighted average by Cap. 21.31x 8.70x 39.53x 1.04%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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