Company Valuation: Vision Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 54,686 68,576 59,450 62,108 63,597 50,418 - -
Change - 25.4% -13.31% 4.47% 2.4% -20.72% - -
Enterprise Value (EV) 47,985 61,400 49,951 50,824 51,969 50,418 50,418 50,418
Change - 27.96% -18.65% 1.75% 2.25% -2.98% 0% 0%
P/E 75x 43.9x 19.9x 18.4x 14x 10.4x 9.53x 8.47x
PBR 5.46x 5.71x 4.13x 3.58x 3.05x 2.29x 2.04x 1.81x
PEG - 0x 0.2x 1.5x 0.4x 1.46x 1.09x 0.7x
Capitalization / Revenue 3.02x 2.69x 1.87x 1.75x 1.63x 1.24x 1.16x 1.07x
EV / Revenue 0x 0x 0x 0x 0x 1.24x 1.16x 1.07x
EV / EBITDA 0x 0x 0x - 0x 6.56x 5.91x 5.32x
EV / EBIT 0x 0x 0x 0x 0x 7.18x 6.42x 5.73x
EV / FCF 0x 0x 0x 0x 0x 16x 12x 10.3x
FCF Yield 2.17% 0.49% 5.41% 3.28% 2.48% 6.27% 8.35% 9.74%
Dividend per Share 2 - - - 27 50 51 57 63
Rate of return - - - 2.11% 3.87% 4.99% 5.57% 6.16%
EPS 2 15.47 31.96 61.87 69.59 92.12 98.7 107.3 120.8
Distribution rate - - - 38.8% 54.3% 51.7% 53.1% 52.2%
Net sales 1 18,101 25,488 31,807 35,528 39,012 40,530 43,565 46,960
EBITDA 1 1,223 2,656 5,036 - 7,414 7,690 8,530 9,470
EBIT 1 1,105 2,415 4,280 5,365 6,465 7,025 7,850 8,800
Net income 1 729.1 1,549 3,025 3,375 4,522 4,785 5,200 5,855
Net Debt -6,701 -7,176 -9,499 -11,284 -11,628 - - -
Reference price 2 1,160.00 1,403.00 1,230.00 1,280.00 1,293.00 1,023.00 1,023.00 1,023.00
Nbr of stocks (in thousands) 47,143 48,878 48,334 48,522 49,185 49,284 - -
Announcement Date 2/14/22 A 2/14/23 A 2/13/24 A 2/13/25 A 2/13/26 A - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.34x - - 5% 307M
11.58x1.36x4.22x6.83% 231B
10.44x2.5x6.62x5.97% 197B
13.43x2.13x5.55x4.17% 148B
12.06x0.84x3.14x6.59% 78.4B
12.93x2.01x5.1x2.45% 77.26B
12.32x1.77x7.57x3.49% 76.79B
15.46x2.69x8.42x5.09% 57.58B
23.79x5.36x19.57x4.5% 55.89B
16x1.82x5.71x4.8% 49.66B
Average 13.84x 2.28x 7.32x 4.89% 97.15B
Weighted average by Cap. 12.99x 2.08x 6.37x 5.28%

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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