Company Valuation: Shiseido Company, Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,562,314 2,585,474 1,699,311 1,112,991 910,125 1,451,036 - -
Change - 0.9% -34.27% -34.5% -18.23% 59.43% - -
Enterprise Value (EV) 1 2,536,903 2,763,626 1,875,607 1,377,672 1,141,445 1,661,531 1,612,927 1,575,129
Change - 8.94% -32.13% -26.55% -17.15% 45.56% -2.93% -2.34%
P/E 60.4x 75.6x 78.1x -103x -22.4x 32.7x 26.8x 23.9x
PBR 4.7x 4.28x 2.75x 1.76x 1.51x 2.32x 2.22x 2.12x
PEG - -3.9x -2.1x 1x -0x -0x 1.2x 2x
Capitalization / Revenue 2.48x 2.42x 1.75x 1.12x 0.94x 1.43x 1.39x 1.35x
EV / Revenue 2.45x 2.59x 1.93x 1.39x 1.18x 1.64x 1.54x 1.46x
EV / EBITDA 22.8x 27x 20.4x 16.6x 26.6x 12.4x 11.2x 10.3x
EV / EBIT 61x 59.3x 66.7x 182x -39.7x 25.7x 21x 18.5x
EV / FCF 96.9x 509x 35.1x -598x 17.3x 23.8x 21.7x 22.1x
FCF Yield 1.03% 0.2% 2.85% -0.17% 5.76% 4.21% 4.61% 4.53%
Dividend per Share 2 50 100 60 40 40 60 66.49 70.59
Rate of return 0.78% 1.55% 1.41% 1.44% 1.76% 1.65% 1.83% 1.94%
EPS 2 106.2 85.6 54.43 -27.06 -101.8 111 135.5 152.1
Distribution rate 47.1% 117% 110% -148% -39.3% 54% 49.1% 46.4%
Net sales 1 1,035,165 1,067,355 973,038 990,586 969,992 1,014,452 1,046,296 1,078,539
EBITDA 1 111,434 102,371 91,819 83,241 42,947 133,982 144,360 152,234
EBIT 1 41,586 46,572 28,133 7,575 -28,788 64,685 76,843 85,332
Net income 1 42,439 34,202 21,749 -10,813 -40,680 44,651 55,247 61,657
Net Debt 1 -25,411 178,152 176,296 264,681 231,320 210,495 161,891 124,092
Reference price 2 6,414.00 6,471.00 4,252.00 2,786.50 2,278.00 3,631.00 3,631.00 3,631.00
Nbr of stocks (in thousands) 399,488 399,548 399,650 399,423 399,528 399,624 - -
Announcement Date 2/9/22 A 2/10/23 A 2/9/24 A 2/10/25 A 2/10/26 A - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.42x1.63x12.31x1.67% 9.09B
23.22x4.37x16.02x2.78% 367B
32.31x4.9x20.34x1.83% 251B
19.05x2.84x12.53x3.32% 137B
25.28x3.72x15.66x2.35% 73.09B
58.34x8.28x31.93x0.26% 52.06B
37.73x6.01x26.34x2.44% 44.8B
37.47x2.8x15.58x1.42% 39.55B
20.36x2.84x11.83x4.37% 37.13B
18.48x2.47x11.47x4.75% 36.05B
Average 30.47x 3.99x 17.40x 2.52% 104.73B
Weighted average by Cap. 27.72x 4.31x 17.45x 2.52%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Shiseido Company, Limited

Historical PBR trend

Valuation ratios - PBR - Shiseido Company, Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Shiseido Company, Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Shiseido Company, Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Shiseido Company, Limited
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