Company Valuation: Taisei Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 713,045 771,360 1,037,992 1,144,867 2,617,131 2,216,924 - -
Change - 8.18% 34.57% 10.3% 128.6% -15.29% - -
Enterprise Value (EV) 1 439,165 558,172 981,809 1,162,137 2,802,275 2,333,824 2,308,313 2,271,182
Change - 27.1% 75.9% 18.37% 141.13% -16.72% -1.09% -1.61%
P/E 10.1x 17x 26x 9.68x 15.7x 13.3x 13.6x 12.4x
PBR 0.82x 0.93x 1.12x 1.31x 2.76x 2.21x 2.09x 1.94x
PEG - -0.5x -2.5x 0x 0.3x -57.9x -6.61x 1.36x
Capitalization / Revenue 0.46x 0.47x 0.59x 0.53x 1.25x 0.92x 0.89x 0.86x
EV / Revenue 0.28x 0.34x 0.56x 0.54x 1.34x 0.96x 0.93x 0.89x
EV / EBITDA 4.1x 8.43x 24.8x 8.51x 13.7x 11x 10.1x 9.26x
EV / EBIT 4.57x 10.2x 37.1x 9.67x 14.9x 12x 11x 9.81x
EV / FCF 10.3x 34.8x -10x -351x -57.7x 17.4x 15.3x 15.3x
FCF Yield 9.75% 2.87% -10% -0.28% -1.73% 5.75% 6.52% 6.52%
Dividend per Share 2 130 130 130 210 310 418.3 398.6 444
Rate of return 3.68% 3.17% 2.31% 3.18% 1.93% 3.08% 2.93% 3.26%
EPS 2 350.9 241.2 215.8 682.8 1,026 1,023 1,002 1,093
Distribution rate 37% 53.9% 60.3% 30.8% 30.2% 40.9% 39.8% 40.6%
Net sales 1 1,543,240 1,642,712 1,765,023 2,154,223 2,089,091 2,420,694 2,487,123 2,563,700
EBITDA 1 106,984 66,218 39,590 136,551 204,739 212,219 228,158 245,167
EBIT 1 96,077 54,740 26,480 120,160 187,973 194,256 210,548 231,500
Net income 1 71,436 47,124 40,272 123,824 170,004 166,234 160,480 171,640
Net Debt 1 -273,880 -213,188 -56,183 17,270 185,144 116,900 91,389 54,258
Reference price 2 3,535.00 4,095.00 5,620.00 6,609.00 16,055.00 13,600.00 13,600.00 13,600.00
Nbr of stocks (in thousands) 201,710 188,366 184,696 173,229 163,010 163,009 - -
Announcement Date 5/13/22 A 5/12/23 A 5/13/24 A 5/13/25 A 5/14/26 A - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.29x0.96x11x3.08% 13.66B
66.96x2.89x28.27x0.07% 97.04B
13.23x1.07x5.86x4.45% 71.89B
40.14x4.92x27.27x0.17% 60.87B
26.02x1.98x19.25x1.19% 56.46B
55.51x4.63x29.58x1.64% 46.01B
33.37x0.78x13.26x1.91% 39.19B
28.38x0.55x8.77x2.12% 35.92B
26.19x1.69x16.35x0.18% 33.99B
4.76x0.3x6.29x5.97% 28.28B
Average 30.79x 1.98x 16.59x 2.08% 48.33B
Weighted average by Cap. 36.10x 2.30x 18.60x 1.75%

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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