Company Valuation: MODEC, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 77,612 76,776 158,336 228,487 813,254 641,343 - -
Change - -1.08% 106.23% 44.31% 255.93% -21.14% - -
Enterprise Value (EV) 1 33,538 63,604 91,253 115,491 671,333 742,660 742,660 742,660
Change - 89.65% 43.47% 26.56% 481.29% 10.62% 0% 0%
P/E -1.85x 15.5x 10.6x 6.55x 14.4x 10.3x 9.7x 9.8x
PBR 1.27x 0.71x 1.12x 1.22x 3.58x 2.35x 2.14x 1.85x
PEG - -0x 0x 0x 0.2x 1.04x 1.49x -10.38x
Capitalization / Revenue 0.17x 0.21x 0.31x 0.35x 1.13x 0.86x 0.85x 0.88x
EV / Revenue 0.07x 0.17x 0.18x 0.17x 0.94x 1x 0.98x 1.02x
EV / EBITDA -1.05x 4.16x 2.58x 2.06x 9.21x 9.12x 7.86x 8.56x
EV / EBIT -0.92x -5.65x 3.33x 2.26x 14.1x 9.32x 8.55x 8.8x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 15 - 20 80 140 220 237.8 240
Rate of return 1.09% - 0.86% 2.39% 1.18% 2.34% 2.53% 2.56%
EPS 2 -742.8 88 219.4 510.3 826.2 907.8 967.1 957.9
Distribution rate -2.02% - 9.12% 15.7% 16.9% 24.2% 24.6% 25.1%
Net sales 1 448,510 363,593 507,031 662,088 717,100 744,199 756,471 730,671
EBITDA 1 -31,904 15,278 35,365 55,982 72,886 81,398 94,469 86,804
EBIT 1 -36,521 -11,260 27,364 51,066 47,675 79,722 86,870 84,388
Net income 1 -41,860 4,960 13,691 34,857 56,456 62,056 66,084 65,468
Net Debt 1 -44,074 -13,172 -67,083 -112,996 -141,921 101,318 101,318 101,318
Reference price 2 1,377.00 1,362.00 2,318.00 3,345.00 11,900.00 9,384.00 9,384.00 9,384.00
Nbr of stocks (in thousands) 56,363 56,370 68,307 68,307 68,341 68,344 - -
Announcement Date 2/10/22 A 2/14/23 A 2/14/24 A 2/13/25 A 2/13/26 A - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.34x1x9.12x2.34% 4.16B
22.78x2.45x11.18x2.1% 83.13B
19.95x2.49x13.88x1.55% 58.96B
15.05x1.57x8.56x1.9% 30.05B
24.66x2.69x13.29x0.26% 29.64B
27.52x0.51x4.45x3.79% 9.85B
23.85x0.89x7.78x1.81% 7.6B
6.99x1.48x5.85x3.02% 6.89B
16.84x1.43x6.72x1.23% 6.45B
31.24x5.99x10.78x3.21% 6.32B
Average 19.92x 2.05x 9.16x 2.12% 24.31B
Weighted average by Cap. 20.99x 2.27x 11.07x 1.81%

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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