Company Valuation: Vertex Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 25,927 34,133 41,856 45,931 97,476 58,301 - -
Change - 31.65% 22.62% 9.73% 112.23% -40.19% - -
Enterprise Value (EV) 17,075 28,420 32,689 32,517 85,447 58,301 58,301 58,301
Change - 66.44% 15.02% -0.53% 162.78% -31.77% 0% 0%
P/E 5.97x 9.19x 11.3x 9.58x 9.5x 13.3x 11.1x 10.8x
PBR 0.89x 1.09x 1.25x 1.27x 2.21x - - -
PEG - -0.7x 5.31x 0.3x 0x -0.2x 0.6x 3.83x
Capitalization / Revenue 0.69x 0.87x 1.14x 1.18x 2.1x 1.13x 1.05x 1.03x
EV / Revenue 0x 0x 0x 0x 0x 1.13x 1.05x 1.03x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 8.21x 7.47x 7.29x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 13.33 15 20 30 35 40 43.5 44
Rate of return 2.77% 2.32% 2.45% 3.29% 1.77% 3.38% 3.67% 3.72%
EPS 2 80.48 70.43 71.93 95.3 208 89.1 106.3 109.3
Distribution rate 16.6% 21.3% 27.8% 31.5% 16.8% 44.9% 40.9% 40.3%
Net sales 1 37,514 39,095 36,833 38,918 46,519 51,700 55,450 56,500
EBITDA - 6,467 6,799 - - - - -
EBIT 1 6,143 5,560 5,727 6,285 7,058 7,100 7,800 8,000
Net income 1 4,242 3,742 3,728 4,826 10,315 4,767 5,250 5,400
Net Debt -8,852 -5,713 -9,167 -13,414 -12,029 - - -
Reference price 2 480.67 647.00 816.00 913.00 1,976.00 1,184.00 1,184.00 1,184.00
Nbr of stocks (in thousands) 53,940 52,756 51,294 50,307 49,330 49,241 - -
Announcement Date 5/12/22 A 5/11/23 A 5/10/24 A 5/14/25 A 5/14/26 A - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.29x - - 3.38% 380M
19.24x2.63x10.41x2.66% 47.76B
26.26x3.48x12.4x-.--% 16.24B
12.64x3.42x6.98x5.89% 13.06B
13.14x0.6x2.91x4.45% 12.95B
43.53x3.3x15.96x0.69% 8.52B
8.48x1.23x4.79x1.95% 7.99B
20.6x6.79x12.6x4.67% 7.1B
13.65x1.48x5.54x2.98% 6.43B
26.34x1.39x6.75x2.12% 5.83B
Average 19.72x 2.70x 8.70x 2.88% 12.63B
Weighted average by Cap. 19.90x 2.69x 9.26x 2.76%

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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