Company Valuation: Disco Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 12,41,500 16,57,021 61,96,471 32,39,857 66,42,215 69,12,648 - -
Change - 33.47% 273.95% -47.71% 105.02% 4.07% - -
Enterprise Value (EV) 1 11,15,729 14,93,968 59,80,985 30,10,690 63,57,640 65,50,949 64,46,068 63,11,895
Change - 33.9% 300.34% -49.66% 111.17% 3.04% -1.6% -2.08%
P/E 18.7x 20x 73.6x 26.1x 49x 36.3x 29.4x 25.1x
PBR 4.24x 4.78x 15.3x 6.78x 11.3x 9.82x 8.12x 6.94x
PEG - 0.8x 47.66x 0.6x 5.26x 0.9x 1.3x 1.5x
Capitalization / Revenue 4.89x 5.83x 20.1x 8.24x 15.2x 12.3x 10.3x 9.02x
EV / Revenue 4.4x 5.26x 19.4x 7.65x 14.6x 11.6x 9.61x 8.24x
EV / EBITDA 11.2x 12.4x 45.1x 16.8x 31.8x 24.2x 19.6x 16.5x
EV / EBIT 12.2x 13.5x 49.2x 18x 34.4x 25.4x 20.3x 16.9x
EV / FCF 27.8x 21.7x 73.7x 56.3x -2,856x 52.3x 36.7x 29x
FCF Yield 3.59% 4.6% 1.36% 1.78% -0.04% 1.91% 2.72% 3.44%
Dividend per Share 2 269.3 305.3 307 413 505 693.8 857.3 1,086
Rate of return 2.35% 2% 0.54% 1.38% 0.82% 1.09% 1.35% 1.7%
EPS 2 611.7 765.5 777.3 1,143 1,250 1,758 2,166 2,540
Distribution rate 44% 39.9% 39.5% 36.1% 40.4% 39.5% 39.6% 42.8%
Net sales 1 2,53,781 2,84,135 3,07,554 3,93,300 4,36,889 5,64,281 6,70,561 7,66,170
EBITDA 1 1,00,064 1,20,784 1,32,521 1,79,000 1,99,810 2,70,306 3,28,969 3,81,995
EBIT 1 91,513 1,10,413 1,21,490 1,66,800 1,84,989 2,57,435 3,18,260 3,73,276
Net income 1 66,206 82,891 84,205 1,23,900 1,35,521 1,89,978 2,34,988 2,75,438
Net Debt 1 -1,25,771 -1,63,053 -2,15,486 -2,29,167 -2,84,575 -3,61,699 -4,66,580 -6,00,753
Reference price 2 11,466.67 15,300.00 57,190.00 29,895.00 61,240.00 63,730.00 63,730.00 63,730.00
Nbr of stocks (in thousands) 1,08,270 1,08,302 1,08,349 1,08,375 1,08,462 1,08,468 - -
Announcement Date 21/04/22 20/04/23 25/04/24 17/04/25 22/04/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
42.85x14.48x32.87x0.55% 71TCr
36.96x12.32x30.28x0.33% 43TCr
40.97x12.44x35.96x0.36% 43TCr
38.45x15.05x31.22x0.46% 27TCr
41.4x15.54x30.21x0.23% 18TCr
35.11x7.94x24.19x1.38% 17TCr
37.95x4.08x18.82x1.36% 9.84TCr
50.58x13.49x38.04x0.12% 7.02TCr
59.72x8.86x47.16x0.15% 6.67TCr
Average 42.67x 11.58x 32.09x 0.55% 27.05TCr
Weighted average by Cap. 40.81x 12.80x 31.93x 0.51%

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