Company Valuation: Neturen Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 24,279 23,585 24,659 40,549 33,196 40,952
Change - -2.86% 4.56% 64.44% -18.13% 23.36%
Enterprise Value (EV) 1 12,175 6,682 8,055 25,541 21,016 35,454
Change - -45.12% 20.56% 217.06% -17.72% 68.7%
P/E 92.5x 8.76x 70.3x 26.7x 18.8x 31.6x
PBR 0.43x 0.4x 0.44x 0.68x 0.56x 0.7x
PEG - 0x -0.8x 0x 0.8x -1.4x
Capitalization / Revenue 0.57x 0.44x 0.43x 0.71x 0.58x 0.7x
EV / Revenue 0.29x 0.13x 0.14x 0.45x 0.37x 0.61x
EV / EBITDA 2.99x 1x 1.59x 6.38x 5.35x 8.4x
EV / EBIT 13.4x 1.81x 3.41x 15.7x 13.2x 19.1x
EV / FCF 5.44x 1.59x 7.66x 35.9x -10.3x -24.3x
FCF Yield 18.4% 63% 13.1% 2.78% -9.67% -4.12%
Dividend per Share 2 14 30 30 49 51 71
Rate of return 2.3% 5.08% 4.32% 4.38% 5.27% 5.65%
EPS 2 6.587 67.43 9.881 41.89 51.57 39.76
Distribution rate 213% 44.5% 304% 117% 98.9% 179%
Net sales 1 42,567 53,004 57,524 57,205 57,563 58,277
EBITDA 1 4,069 6,656 5,070 4,006 3,929 4,223
EBIT 1 911 3,698 2,365 1,629 1,595 1,860
Net income 1 268 2,690 381 1,542 1,815 1,329
Net Debt 1 -12,104 -16,903 -16,604 -15,008 -12,180 -5,498
Reference price 2 609.00 591.00 695.00 1,120.00 968.00 1,256.00
Nbr of stocks (in thousands) 39,867 39,906 35,481 36,204 34,293 32,605
Announcement Date 6/28/21 A 6/29/22 A 6/29/23 A 6/27/24 A 6/27/25 A 6/24/26 A
1JPY in Million2JPY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 285M
13.64x1.53x7.88x0.87% 58.55B
7.93x1.65x4.38x8.42% 51.89B
19.8x0.8x6.7x1.01% 45.55B
13.83x1.57x9.17x0.88% 35.54B
16.32x2.24x5.62x3.86% 31.44B
19.35x1.74x9.59x0.62% 31.41B
12.13x1.11x6.72x2.45% 22.77B
11.83x0.76x6.73x3.61% 22.2B
16.08x1.21x10.49x1.18% 21.29B
Average 14.55x 1.40x 7.48x 2.55% 32.09B
Weighted average by Cap. 14.37x 1.44x 7.25x 2.7%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Neturen Co., Ltd.

Historical PBR trend

Valuation ratios - PBR - Neturen Co., Ltd.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Neturen Co., Ltd.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Neturen Co., Ltd.

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