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 57,83,499 - -
Change - 33.47% 273.95% -47.71% 105.02% -12.93% - -
Enterprise Value (EV) 1 11,15,729 14,93,968 59,80,985 30,10,690 63,57,640 54,28,818 53,30,550 52,03,367
Change - 33.9% 300.34% -49.66% 111.17% -14.61% -1.81% -2.39%
P/E 18.7x 20x 73.6x 26.1x 49x 30.7x 24.9x 21.3x
PBR 4.24x 4.78x 15.3x 6.78x 11.3x 8.23x 6.83x 5.85x
PEG - 0.8x 47.66x 0.6x 5.26x 0.8x 1.1x 1.3x
Capitalization / Revenue 4.89x 5.83x 20.1x 8.24x 15.2x 10.3x 8.68x 7.61x
EV / Revenue 4.4x 5.26x 19.4x 7.65x 14.6x 9.68x 8x 6.85x
EV / EBITDA 11.2x 12.4x 45.1x 16.8x 31.8x 20.3x 16.4x 13.9x
EV / EBIT 12.2x 13.5x 49.2x 18x 34.4x 21.3x 16.9x 14.1x
EV / FCF 27.8x 21.7x 73.7x 56.3x -2,856x 43x 30.3x 24.2x
FCF Yield 3.59% 4.6% 1.36% 1.78% -0.04% 2.33% 3.3% 4.13%
Dividend per Share 2 269.3 305.3 307 413 505 686.4 848.8 1,074
Rate of return 2.35% 2% 0.54% 1.38% 0.82% 1.29% 1.59% 2.01%
EPS 2 611.7 765.5 777.3 1,143 1,250 1,738 2,141 2,502
Distribution rate 44% 39.9% 39.5% 36.1% 40.4% 39.5% 39.6% 42.9%
Net sales 1 2,53,781 2,84,135 3,07,554 3,93,300 4,36,889 5,60,701 6,66,446 7,59,523
EBITDA 1 1,00,064 1,20,784 1,32,521 1,79,000 1,99,810 2,67,341 3,24,254 3,74,918
EBIT 1 91,513 1,10,413 1,21,490 1,66,800 1,84,989 2,54,716 3,14,546 3,67,750
Net income 1 66,206 82,891 84,205 1,23,900 1,35,521 1,87,927 2,32,255 2,71,380
Net Debt 1 -1,25,771 -1,63,053 -2,15,486 -2,29,167 -2,84,575 -3,54,681 -4,52,950 -5,80,132
Reference price 2 11,466.67 15,300.00 57,190.00 29,895.00 61,240.00 53,320.00 53,320.00 53,320.00
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
35.97x10.91x31.54x0.42% 38TCr
63.39x9.34x50.02x0.14% 7.06TCr
62.44x18.56x81.31x0.13% 4.81TCr
36.03x9.46x24.55x0.49% 4.64TCr
30.67x9.68x20.31x1.29% 3.64TCr
76.47x23.1x87.8x0.13% 3.02TCr
35.96x3.38x10.29x0.43% 2.58TCr
83.99x16.42x79.49x0.3% 2.18TCr
73.57x19.54x69.37x0.19% 1.82TCr
Average 55.39x 13.38x 50.52x 0.39% 7.49TCr
Weighted average by Cap. 44.84x 11.80x 40.23x 0.4%

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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  5. Valuation Disco Corporation