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 3,53,278 - -
Change - 13.43% 23.75% -18.52% 7.2% -5.57% - -
Enterprise Value (EV) 1 2,48,153 3,15,830 4,11,106 3,28,811 3,50,615 3,44,978 3,47,359 3,45,313
Change - 27.27% 30.17% -20.02% 6.63% -1.61% 0.69% -0.59%
P/E 17.3x 24.1x 21.5x 16.7x 22x 19.8x 18x 17x
PBR 1.73x 1.99x 2.23x 1.7x 1.78x 1.6x 1.56x 1.46x
PEG - -1.6x 0.6x 3.37x -1.4x 4.15x 1.8x 2.97x
Capitalization / Revenue 1.24x 1.24x 1.41x 1.08x 1.1x 0.96x 0.93x 0.9x
EV / Revenue 1.01x 1.13x 1.36x 1.02x 1.03x 0.94x 0.92x 0.88x
EV / EBITDA 6.87x 9.22x 10.3x 7.58x 8.1x 7.86x 7.25x 6.81x
EV / EBIT 9.87x 14.2x 15.1x 11.3x 13.4x 13x 11.7x 11x
EV / FCF 25.2x -42.6x -37.5x 31.3x 37.4x 47.9x 33.3x 20x
FCF Yield 3.96% -2.34% -2.67% 3.19% 2.68% 2.09% 3% 5.01%
Dividend per Share 2 52 52 56 58 66 69 72.48 75.9
Rate of return 2.21% 1.88% 1.63% 2.08% 2.14% 2.38% 2.5% 2.61%
EPS 2 136.2 115.2 159.2 167.1 140 146.7 161.7 171
Distribution rate 38.2% 45.2% 35.2% 34.7% 47.1% 47% 44.8% 44.4%
Net sales 1 2,45,419 2,79,315 3,03,027 3,22,564 3,40,151 3,66,520 3,78,783 3,91,517
EBITDA 1 36,143 34,259 39,979 43,362 43,266 43,900 47,932 50,716
EBIT 1 25,135 22,233 27,304 29,066 26,173 26,500 29,617 31,300
Net income 1 18,053 14,772 19,886 20,874 17,329 17,660 19,667 20,683
Net Debt 1 -57,022 -30,318 -17,260 -20,201 -23,511 -8,300 -5,919 -7,965
Reference price 2 2,355.00 2,771.00 3,429.00 2,793.50 3,077.00 2,904.00 2,904.00 2,904.00
Nbr of stocks (in thousands) 1,29,586 1,24,918 1,24,925 1,24,937 1,21,588 1,21,652 - -
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.($)
20.81x2.89x14.3x3.87% 26TCr
19.85x2.49x14.87x3.3% 7.95TCr
18.14x1.85x10.46x3.48% 5TCr
16.55x0.53x10.03x2.6% 3.82TCr
21.23x3.22x13.03x3.3% 3.52TCr
12.32x1.97x9.67x6.21% 3.07TCr
35.07x2.97x17.56x1.02% 2.97TCr
33.51x0.68x17.26x0.59% 2.16TCr
Average 22.19x 2.07x 13.40x 3.05% 6.78TCr
Weighted average by Cap. 20.96x 2.46x 13.68x 3.47%

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