Company Valuation: BASE,Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,14,066 68,655 26,601 28,103 37,629 36,716
Change - -67.93% -61.25% 5.65% 33.9% -2.43%
Enterprise Value (EV) 1 1,91,795 44,602 4,191 5,876 12,626 10,745
Change - -76.75% -90.6% 40.2% 114.86% -14.9%
P/E 375x -57.1x -15.3x -46x 112x 20.4x
PBR 13.2x 4.55x 1.99x 2.16x 2.78x 2.46x
PEG - 0x -0.4x 0.7x -1x 0x
Capitalization / Revenue 25.8x 6.91x 2.73x 2.41x 2.35x 1.77x
EV / Revenue 23.1x 4.49x 0.43x 0.5x 0.79x 0.52x
EV / EBITDA 227x -47.9x -2.87x -13.9x 15.7x 6.14x
EV / EBIT 239x -45.7x -2.78x -13.8x 16.3x 6.37x
EV / FCF 65.3x 21.7x -3.55x 1,093x 3.77x 2.35x
FCF Yield 1.53% 4.61% -28.2% 0.09% 26.5% 42.6%
Dividend per Share 2 - - - - - 5
Rate of return - - - - - 1.57%
EPS 2 5.208 -10.8 -15.46 -5.299 2.9 15.65
Distribution rate - - - - - 31.9%
Net sales 1 8,288 9,931 9,739 11,680 15,981 20,729
EBITDA 1 846 -932 -1,459 -423 804 1,749
EBIT 1 804 -977 -1,508 -425 774 1,687
Net income 1 584 -1,194 -1,732 -606 340 1,826
Net Debt 1 -22,271 -24,053 -22,410 -22,227 -25,003 -25,971
Reference price 2 1,952.00 616.00 236.00 244.00 325.00 319.00
Nbr of stocks (in thousands) 1,09,665 1,11,453 1,12,718 1,15,178 1,15,782 1,15,096
Announcement Date 26/03/21 24/03/22 27/03/23 27/03/24 28/03/25 23/03/26
1JPY in Million2JPY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 21Cr
14.58x6.76x14.62x0.31% 3,49600Cr
20.95x6.12x10.99x0.35% 1,56000Cr
33.25x15.48x24.5x0.54% 57TCr
14.55x3.86x8.95x1.4% 48TCr
20.61x1.52x10.21x1% 27TCr
17.69x5.23x15.68x-.--% 26TCr
93.79x12.16x66.72x-.--% 19TCr
26.08x2.49x12.58x-.--% 14TCr
45.58x5.34x35.23x-.--% 12TCr
Average 31.90x 6.55x 22.16x 0.4% 70.94TCr
Weighted average by Cap. 20.73x 6.90x 15.83x 0.41%

Y-o-Y evolution of P/E

Valuation ratios - P/E - BASE,Inc.

Historical PBR trend

Valuation ratios - PBR - BASE,Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - BASE,Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - BASE,Inc.