Company Valuation: Alfresa Holdings Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 3,43,826 3,43,217 4,15,318 3,83,847 4,59,384 3,85,471 - -
Change - -0.18% 21.01% -7.58% 19.68% -16.09% - -
Enterprise Value (EV) 1,68,429 1,86,950 2,36,499 2,42,307 3,01,938 3,85,471 3,85,471 3,85,471
Change - 11% 26.5% 2.46% 24.61% 27.67% 0% 0%
P/E 11.1x 13.3x 14.4x 14.3x 11x 16.8x 13.9x 14.6x
PBR 0.73x 0.7x 0.87x 0.8x 0.91x 0.77x 0.74x 0.74x
PEG - -0.8x 0.7x -3.34x 0.2x -0.4x 0.7x -3.11x
Capitalization / Revenue 0.13x 0.13x 0.15x 0.13x 0.15x 0.12x 0.12x 0.12x
EV / Revenue 0x 0x 0x 0x 0x 0.12x 0.12x 0.12x
EV / EBITDA 0x 0x 0x 0x 0x 7.8x 7.58x 7.34x
EV / EBIT 0x 0x 0x 0x 0x 11.2x 10.3x 10.1x
EV / FCF 0x -0x 0x -0x 0x 18.4x 23.6x 32.1x
FCF Yield 11.3% -2.17% 17.4% -4.12% 6.5% 5.45% 4.24% 3.11%
Dividend per Share 2 54 57 70 63 68 71 79 85
Rate of return 3.18% 3.36% 3.15% 2.98% 2.69% 3.23% 3.59% 3.87%
EPS 2 153.6 127.4 154.1 147.5 229.6 131.1 158 150.6
Distribution rate 35.2% 44.7% 45.4% 42.7% 29.6% 54.2% 50% 56.5%
Net sales 1 25,85,643 26,96,069 28,58,500 29,61,051 31,04,064 31,88,539 32,79,596 33,40,075
EBITDA 1 41,915 43,450 51,974 58,607 51,212 49,400 50,836 52,514
EBIT 1 29,091 30,148 38,460 38,080 36,164 34,453 37,402 38,069
Net income 1 32,182 25,786 29,558 27,389 41,746 23,486 27,351 26,886
Net Debt -1,75,397 -1,56,267 -1,78,819 -1,41,540 -1,57,446 - - -
Reference price 2 1,699.00 1,696.00 2,222.50 2,111.50 2,528.00 2,197.50 2,197.50 2,197.50
Nbr of stocks (in thousands) 2,02,370 2,02,369 1,86,870 1,81,789 1,81,719 1,75,413 - -
Announcement Date 16/05/22 15/05/23 14/05/24 15/05/25 15/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.76x - - 3.23% 242.03Cr
31.49x4.25x16.45x2.34% 19TCr
20.55x3.56x12.51x3.28% 12TCr
18.28x0.21x13.13x0.72% 6.37TCr
32.06x8.01x20.38x1.24% 5.51TCr
35.17x3.38x11.56x2.16% 4.94TCr
35.89x6.31x19.82x-.--% 3.38TCr
44.07x1.3x11.84x0.17% 3.07TCr
40.97x7.18x25.76x0.26% 2.47TCr
20.49x3.09x11.59x1.43% 2.39TCr
Average 29.57x 4.14x 15.89x 1.48% 5.9TCr
Weighted average by Cap. 29.07x 3.99x 15.42x 1.86%

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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