Company Valuation: ORIX Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 2,853,231 2,496,074 3,798,509 3,503,942 4,880,583 6,669,086 - -
Change - -12.52% 52.18% -7.75% 39.29% 36.65% - -
Enterprise Value (EV) 6,765,089 6,982,733 8,813,673 8,464,757 9,967,478 6,669,086 6,669,086 6,669,086
Change - 3.22% 26.22% -3.96% 17.75% -33.09% 0% 0%
P/E 9.44x 9.41x 11.1x 10x 11.5x 7.8x 12.9x 11.7x
PBR 0.9x 0.76x 0.96x 0.86x 1.13x 1.32x 1.28x 1.22x
PEG - -0.9x 0.4x 3.25x 0.4x 0.1x -0.3x 1.1x
Capitalization / Revenue 1.13x 0.94x 1.35x 1.22x 1.47x 1.95x 1.86x 1.72x
EV / Revenue 0x 0x 0x 0x 0x 1.95x 1.86x 1.72x
EV / EBITDA 0x 0x 0x 0x 0x 15.8x 13.6x 12.7x
EV / EBIT 0x 0x 0x 0x 0x 13.1x 13.4x 12.1x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 85.6 85.6 98.6 120 156.1 195.2 194.1 207.6
Rate of return 3.5% 3.93% 2.99% 3.89% 3.39% 3.21% 3.19% 3.41%
EPS 2 259.4 231.4 298.6 307.7 400.3 781.1 472.8 522.3
Distribution rate 33% 37% 33% 39% 39% 25% 41% 39.7%
Net sales 1 2,520,365 2,666,373 2,814,361 2,874,821 3,330,831 3,424,221 3,594,709 3,875,320
EBITDA 1 632,434 667,422 724,955 731,353 861,039 422,686 491,510 524,977
EBIT 1 302,083 313,988 360,713 331,826 456,248 508,094 496,095 550,407
Net income 1 312,135 273,075 346,132 351,630 447,265 863,180 493,735 531,138
Net Debt 3,911,858 4,486,659 5,015,164 4,960,815 5,086,895 - - -
Reference price 2 2,447.50 2,176.50 3,299.00 3,084.00 4,607.00 6,089.00 6,089.00 6,089.00
Nbr of stocks (in thousands) 1,165,774 1,146,829 1,151,412 1,136,168 1,059,384 1,095,268 - -
Announcement Date 5/11/22 A 5/10/23 A 5/8/24 A 5/12/25 A 5/11/26 A - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.8x - - 3.21% 43.42B
18.47x3.45x9.45x3.1% 64.86B
13.02x - - 2.15% 14.56B
8x0.97x - 3.33% 13.73B
12.83x0.9x - 1.88% 9.37B
8.37x - - 6.34% 7.43B
-83.97x2.81x14.9x1.36% 4.48B
19.52x24.28x77.4x2.36% 4.29B
23.96x - - 1.75% 3.93B
Average 3.11x 6.48x 33.92x 2.83% 18.45B
Weighted average by Cap. 10.96x 3.74x 13.74x 3.04%

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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