Company Valuation: Ryoden Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 35,858 37,084 40,841 59,250 54,038 70,600
Change - 3.42% 10.13% 45.07% -8.8% 30.65%
Enterprise Value (EV) 1 15,136 26,267 32,459 43,145 23,343 39,252
Change - 73.54% 23.57% 32.92% -45.9% 68.15%
P/E 15.4x 7.45x 7.64x 10.4x 11.7x 13.4x
PBR 0.51x 0.5x 0.51x 0.68x 0.61x 0.75x
PEG - 0x 1.09x 1.53x -0.6x 1x
Capitalization / Revenue 0.18x 0.16x 0.16x 0.23x 0.25x 0.33x
EV / Revenue 0.08x 0.11x 0.12x 0.17x 0.11x 0.18x
EV / EBITDA 3.95x 3.54x 3.26x 4.81x 3.73x 6.49x
EV / EBIT 4.43x 3.74x 3.46x 5.18x 4.26x 7.48x
EV / FCF 9.86x -3.02x -7.98x 4.99x 1.47x 112x
FCF Yield 10.1% -33.1% -12.5% 20% 68% 0.89%
Dividend per Share 2 28 28 37 53 53 69
Rate of return 3.4% 3.29% 3.96% 3.91% 4.22% 4.21%
EPS 2 53.62 114.4 122.4 130.7 107 122.1
Distribution rate 52.2% 24.5% 30.2% 40.6% 49.5% 56.5%
Net sales 1 196,841 229,126 260,303 259,008 215,790 212,772
EBITDA 1 3,830 7,430 9,952 8,974 6,261 6,045
EBIT 1 3,416 7,021 9,380 8,326 5,484 5,245
Net income 1 2,343 5,004 5,366 5,736 4,700 5,275
Net Debt 1 -20,722 -10,817 -8,382 -16,105 -30,695 -31,348
Reference price 2 824.50 852.00 935.00 1,355.00 1,256.00 1,637.50
Nbr of stocks (in thousands) 43,491 43,526 43,680 43,727 43,024 43,114
Announcement Date 6/24/21 A 6/23/22 A 6/23/23 A 6/25/24 A 6/23/25 A 6/24/26 A
1JPY in Million2JPY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.99x2.98x16.25x2.06% 235B
14.05x1.74x7.85x3.64% 203B
30.75x3.94x18.19x1.59% 185B
38.9x5.74x24.1x1.01% 170B
46.49x6.24x27.91x1.06% 155B
30.36x4.36x21.38x0.89% 101B
94.48x11.71x66.87x0.33% 97.45B
40.73x6.69x26.87x0.1% 94.75B
31.71x3.94x21.16x1.06% 91.93B
Average 39.16x 5.26x 25.62x 1.31% 148.17B
Weighted average by Cap. 35.46x 4.73x 22.77x 1.56%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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