Company Valuation: ASICS Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,66,756 5,33,755 8,09,538 22,25,941 26,60,881 33,97,815 - -
Change - 14.35% 51.67% 174.96% 19.54% 27.7% - -
Enterprise Value (EV) 1 4,80,931 6,06,170 8,27,650 21,56,196 26,47,143 32,74,691 32,04,717 31,30,192
Change - 26.04% 36.54% 160.52% 22.77% 23.71% -2.14% -2.33%
P/E 49.6x 26.8x 22.9x 35.2x 27.2x 27.6x 24.3x 21.3x
PBR 3.2x 3.13x 3.95x 9.55x 9.8x 9.71x 7.74x 6.31x
PEG - 0x 0.3x 0.4x 0.5x 1.1x 1.8x 1.6x
Capitalization / Revenue 1.16x 1.1x 1.42x 3.28x 3.28x 3.45x 3.09x 2.79x
EV / Revenue 1.19x 1.25x 1.45x 3.18x 3.26x 3.32x 2.91x 2.57x
EV / EBITDA 13.4x 12.1x 11.7x 17.8x 15.7x 15.7x 13.7x 12.1x
EV / EBIT 21.9x 17.8x 15.3x 21.5x 18.6x 17.9x 15.5x 13.4x
EV / FCF 12.3x -16.9x 11.1x 26.8x 33.5x 31.2x 24.1x 21.1x
FCF Yield 8.1% -5.92% 9.01% 3.73% 2.98% 3.21% 4.14% 4.75%
Dividend per Share 2 6 10 16.25 20 28 37.92 45.67 52.36
Rate of return 0.94% 1.37% 1.47% 0.64% 0.75% 0.79% 0.95% 1.09%
EPS 2 12.84 27.15 48.13 88.3 138.1 173.8 197.6 224.5
Distribution rate 46.7% 36.8% 33.8% 22.7% 20.3% 21.8% 23.1% 23.3%
Net sales 1 4,04,082 4,84,601 5,70,463 6,78,526 8,10,916 9,86,070 10,99,516 12,16,262
EBITDA 1 35,996 50,002 70,719 1,21,353 1,68,442 2,08,362 2,34,079 2,59,472
EBIT 1 21,945 34,002 54,215 1,00,111 1,42,519 1,82,619 2,07,375 2,32,939
Net income 1 9,402 19,887 35,272 63,806 98,719 1,23,267 1,38,954 1,57,047
Net Debt 1 14,175 72,415 18,112 -69,745 -13,738 -1,23,124 -1,93,098 -2,67,623
Reference price 2 637.50 728.50 1,104.50 3,110.00 3,755.00 4,793.00 4,793.00 4,793.00
Nbr of stocks (in thousands) 7,32,167 7,32,677 7,32,945 7,15,737 7,08,624 7,08,912 - -
Announcement Date 10/02/22 10/02/23 09/02/24 14/02/25 13/02/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.08x1.39x16.22x3.99% 6.19TCr
18.23x1.28x9.55x2.15% 3.45TCr
24.08x2.38x11.99x-.--% 1.19TCr
14.52x0.83x6.76x5.39% 209.1Cr
7.17x0.32x2.14x7.16% 126.86Cr
5.74x0.31x1.81x7.67% 126.32Cr
7x1.24x5.69x7.3% 86Cr
13.5x0.35x5.28x1.63% 13Cr
Average 14.29x 1.01x 7.43x 4.41% 1.42TCr
Weighted average by Cap. 21.60x 1.42x 13.17x 3.14%

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