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 34,71,537 - -
Change - 14.35% 51.67% 174.96% 19.54% 30.47% - -
Enterprise Value (EV) 1 4,80,931 6,06,170 8,27,650 21,56,196 26,47,143 33,37,190 32,74,065 32,06,490
Change - 26.04% 36.54% 160.52% 22.77% 26.07% -1.89% -2.06%
P/E 49.6x 26.8x 22.9x 35.2x 27.2x 27.2x 23.9x 21.1x
PBR 3.2x 3.13x 3.95x 9.55x 9.8x 9.49x 7.77x 6.28x
PEG - 0x 0.3x 0.4x 0.5x 0.9x 1.7x 1.6x
Capitalization / Revenue 1.16x 1.1x 1.42x 3.28x 3.28x 3.39x 3.07x 2.78x
EV / Revenue 1.19x 1.25x 1.45x 3.18x 3.26x 3.26x 2.89x 2.57x
EV / EBITDA 13.4x 12.1x 11.7x 17.8x 15.7x 15x 13.5x 12x
EV / EBIT 21.9x 17.8x 15.3x 21.5x 18.6x 17.3x 15.2x 13.3x
EV / FCF 12.3x -16.9x 11.1x 26.8x 33.5x 34.5x 24.2x 21.2x
FCF Yield 8.1% -5.92% 9.01% 3.73% 2.98% 2.9% 4.13% 4.73%
Dividend per Share 2 6 10 16.25 20 28 41 48.08 54
Rate of return 0.94% 1.37% 1.47% 0.64% 0.75% 0.84% 0.98% 1.1%
EPS 2 12.84 27.15 48.13 88.3 138.1 179.7 205 231.7
Distribution rate 46.7% 36.8% 33.8% 22.7% 20.3% 22.8% 23.5% 23.3%
Net sales 1 4,04,082 4,84,601 5,70,463 6,78,526 8,10,916 10,22,917 11,31,638 12,48,661
EBITDA 1 35,996 50,002 70,719 1,21,353 1,68,442 2,22,635 2,43,242 2,67,198
EBIT 1 21,945 34,002 54,215 1,00,111 1,42,519 1,93,276 2,15,914 2,41,477
Net income 1 9,402 19,887 35,272 63,806 98,719 1,28,038 1,43,968 1,61,957
Net Debt 1 14,175 72,415 18,112 -69,745 -13,738 -1,34,347 -1,97,472 -2,65,047
Reference price 2 637.50 728.50 1,104.50 3,110.00 3,755.00 4,897.00 4,897.00 4,897.00
Nbr of stocks (in thousands) 7,32,167 7,32,677 7,32,945 7,15,737 7,08,624 7,08,911 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.78x3.47x15.97x0.78% 2.29TCr
22.7x1.3x15.3x4.27% 5.8TCr
16.23x1.13x8.4x2.41% 3.08TCr
21.03x2.08x10.4x-.--% 1.05TCr
14.48x0.84x6.81x5.35% 216.44Cr
5.88x0.32x1.87x7.54% 128.9Cr
7.03x0.31x2.05x7.32% 124.54Cr
6.86x1.22x5.62x11.37% 82Cr
13.94x0.36x5.33x1.58% 14Cr
Average 15.22x 1.22x 7.97x 4.51% 1.42TCr
Weighted average by Cap. 21.52x 1.68x 12.88x 2.97%

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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