Company Valuation: Calbee, Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 3,05,175 3,46,148 4,28,366 3,49,012 3,74,126 3,69,019 - -
Change - 13.43% 23.75% -18.52% 7.2% -1.36% - -
Enterprise Value (EV) 1 2,48,153 3,15,830 4,11,106 3,28,811 3,50,615 3,58,881 3,63,200 3,61,254
Change - 27.27% 30.17% -20.02% 6.63% 2.36% 1.2% -0.54%
P/E 17.3x 24.1x 21.5x 16.7x 22x 20.7x 18.6x 17.3x
PBR 1.73x 1.99x 2.23x 1.7x 1.78x 1.68x 1.64x 1.51x
PEG - -1.6x 0.6x 3.37x -1.4x 4.38x 1.6x 2.36x
Capitalization / Revenue 1.24x 1.24x 1.41x 1.08x 1.1x 1x 0.97x 0.94x
EV / Revenue 1.01x 1.13x 1.36x 1.02x 1.03x 0.98x 0.96x 0.92x
EV / EBITDA 6.87x 9.22x 10.3x 7.58x 8.1x 8.07x 7.56x 7.02x
EV / EBIT 9.87x 14.2x 15.1x 11.3x 13.4x 13.5x 12.2x 11.3x
EV / FCF 25.2x -42.6x -37.5x 31.3x 37.4x 49.8x 34.8x 20.9x
FCF Yield 3.96% -2.34% -2.67% 3.19% 2.68% 2.01% 2.87% 4.79%
Dividend per Share 2 52 52 56 58 66 69 72.48 75.88
Rate of return 2.21% 1.88% 1.63% 2.08% 2.14% 2.27% 2.39% 2.5%
EPS 2 136.2 115.2 159.2 167.1 140 146.6 163.4 175.4
Distribution rate 38.2% 45.2% 35.2% 34.7% 47.1% 47.1% 44.3% 43.3%
Net sales 1 2,45,419 2,79,315 3,03,027 3,22,564 3,40,151 3,68,000 3,78,600 3,91,720
EBITDA 1 36,143 34,259 39,979 43,362 43,266 44,453 48,049 51,439
EBIT 1 25,135 22,233 27,304 29,066 26,173 26,660 29,783 32,020
Net income 1 18,053 14,772 19,886 20,874 17,329 17,820 19,833 21,200
Net Debt 1 -57,022 -30,318 -17,260 -20,201 -23,511 -10,138 -5,819 -7,765
Reference price 2 2,355.00 2,771.00 3,429.00 2,793.50 3,077.00 3,035.00 3,035.00 3,035.00
Nbr of stocks (in thousands) 1,29,586 1,24,918 1,24,925 1,24,937 1,21,588 1,21,588 - -
Announcement Date 10/05/22 09/05/23 09/05/24 12/05/25 14/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.98x3.01x14.78x3.72% 27TCr
21.27x2.47x14.55x3.41% 7.82TCr
19.35x1.96x11.05x3.18% 5.38TCr
22.82x3.36x13.68x3.17% 3.69TCr
43.57x3.64x21.55x0.82% 3.66TCr
12.11x1.94x9.56x6.33% 3.01TCr
71.25x10.64x45.18x1.07% 2.96TCr
12.23x0.38x8.68x2.73% 2.07TCr
Average 27.95x 3.42x 17.38x 3.05% 6.96TCr
Weighted average by Cap. 24.34x 3.15x 15.87x 3.36%

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