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 32,48,577 - -
Change - 14.35% 51.67% 174.96% 19.54% 22.09% - -
Enterprise Value (EV) 1 4,80,931 6,06,170 8,27,650 21,56,196 26,47,143 31,73,286 31,23,263 30,67,813
Change - 26.04% 36.54% 160.52% 22.77% 19.88% -1.58% -1.78%
P/E 49.6x 26.8x 22.9x 35.2x 27.2x 26.2x 22.6x 20.3x
PBR 3.2x 3.13x 3.95x 9.55x 9.8x 9.96x 7.83x 6.3x
PEG - 0x 0.3x 0.4x 0.5x 0.8x 1.4x 1.7x
Capitalization / Revenue 1.16x 1.1x 1.42x 3.28x 3.28x 3.14x 2.82x 2.56x
EV / Revenue 1.19x 1.25x 1.45x 3.18x 3.26x 3.07x 2.72x 2.42x
EV / EBITDA 13.4x 12.1x 11.7x 17.8x 15.7x 14x 12.5x 11.2x
EV / EBIT 21.9x 17.8x 15.3x 21.5x 18.6x 16.2x 14.1x 12.5x
EV / FCF 12.3x -16.9x 11.1x 26.8x 33.5x 32x 23.2x 20.1x
FCF Yield 8.1% -5.92% 9.01% 3.73% 2.98% 3.13% 4.32% 4.97%
Dividend per Share 2 6 10 16.25 20 28 44.43 48.58 54.55
Rate of return 0.94% 1.37% 1.47% 0.64% 0.75% 0.94% 1.02% 1.15%
EPS 2 12.84 27.15 48.13 88.3 138.1 181.2 210 234.4
Distribution rate 46.7% 36.8% 33.8% 22.7% 20.3% 24.5% 23.1% 23.3%
Net sales 1 4,04,082 4,84,601 5,70,463 6,78,526 8,10,916 10,34,039 11,50,371 12,69,126
EBITDA 1 35,996 50,002 70,719 1,21,353 1,68,442 2,26,759 2,50,724 2,74,351
EBIT 1 21,945 34,002 54,215 1,00,111 1,42,519 1,96,403 2,21,172 2,45,992
Net income 1 9,402 19,887 35,272 63,806 98,719 1,28,074 1,46,465 1,64,204
Net Debt 1 14,175 72,415 18,112 -69,745 -13,738 -75,291 -1,25,314 -1,80,764
Reference price 2 637.50 728.50 1,104.50 3,110.00 3,755.00 4,750.00 4,750.00 4,750.00
Nbr of stocks (in thousands) 7,32,167 7,32,677 7,32,945 7,15,737 7,08,624 6,83,911 - -
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.($)
29.71x1.34x18.24x4.4% 5.51TCr
17.16x1.17x8.85x2.2% 3.1TCr
26.22x3.07x13.99x0.94% 2.06TCr
11.39x1.68x7.23x-.--% 1.17TCr
23.21x2.36x11.77x-.--% 1.16TCr
16.86x2.66x8.7x-.--% 602.15Cr
9.4x1.66x6.8x-.--% 590.4Cr
17.39x1.55x8.28x4.53% 604.5Cr
-16.64x0.74x16.22x-.--% 401.43Cr
Average 14.97x 1.80x 11.12x 1.34% 1.69TCr
Weighted average by Cap. 21.76x 1.70x 13.14x 2.35%

Y-o-Y evolution of P/E

Valuation ratios - P/E - ASICS Corporation

Historical PBR trend

Valuation ratios - PBR - ASICS Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - ASICS Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - ASICS Corporation


Year-on-year evolution of the Yield

Valuation ratios - Yield - ASICS Corporation