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 63,43,193 - -
Change - 33.47% 273.95% -47.71% 105.02% -4.5% - -
Enterprise Value (EV) 1 11,15,729 14,93,968 59,80,985 30,10,690 63,57,640 59,85,747 58,88,663 57,65,600
Change - 33.9% 300.34% -49.66% 111.17% -5.85% -1.62% -2.09%
P/E 18.7x 20x 73.6x 26.1x 49x 34.1x 28.2x 25.1x
PBR 4.24x 4.78x 15.3x 6.78x 11.3x 9.06x 7.56x 6.51x
PEG - 0.8x 47.66x 0.6x 5.26x 0.9x 1.3x 2.1x
Capitalization / Revenue 4.89x 5.83x 20.1x 8.24x 15.2x 11.5x 9.8x 8.69x
EV / Revenue 4.4x 5.26x 19.4x 7.65x 14.6x 10.9x 9.09x 7.9x
EV / EBITDA 11.2x 12.4x 45.1x 16.8x 31.8x 22.7x 18.5x 16x
EV / EBIT 12.2x 13.5x 49.2x 18x 34.4x 23.9x 19.3x 16.5x
EV / FCF 27.8x 21.7x 73.7x 56.3x -2,856x 47x 32.8x 25.3x
FCF Yield 3.59% 4.6% 1.36% 1.78% -0.04% 2.13% 3.05% 3.95%
Dividend per Share 2 269.3 305.3 307 413 505 693.6 843 1,056
Rate of return 2.35% 2% 0.54% 1.38% 0.82% 1.19% 1.44% 1.81%
EPS 2 611.7 765.5 777.3 1,143 1,250 1,714 2,075 2,329
Distribution rate 44% 39.9% 39.5% 36.1% 40.4% 40.5% 40.6% 45.3%
Net sales 1 2,53,781 2,84,135 3,07,554 3,93,300 4,36,889 5,49,589 6,47,592 7,30,110
EBITDA 1 1,00,064 1,20,784 1,32,521 1,79,000 1,99,810 2,63,993 3,18,003 3,60,717
EBIT 1 91,513 1,10,413 1,21,490 1,66,800 1,84,989 2,50,216 3,04,325 3,50,230
Net income 1 66,206 82,891 84,205 1,23,900 1,35,521 1,85,249 2,25,130 2,58,899
Net Debt 1 -1,25,771 -1,63,053 -2,15,486 -2,29,167 -2,84,575 -3,57,445 -4,54,529 -5,77,593
Reference price 2 11,466.67 15,300.00 57,190.00 29,895.00 61,240.00 58,480.00 58,480.00 58,480.00
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.($)
34.12x10.89x22.67x1.19% 3.98TCr
38.67x11.96x34.86x0.39% 40TCr
64.96x9.76x49.76x0.15% 7.38TCr
90.48x19.05x88.18x0.1% 4.88TCr
34.73x9.24x24.04x0.49% 4.51TCr
95.97x22.42x96.8x0.13% 2.85TCr
36.99x3.55x10.42x0.08% 2.74TCr
72.67x14.26x64.06x0.29% 1.94TCr
92.06x20.77x75.6x0.15% 1.88TCr
46.72x15.95x34.66x1.8% 1.84TCr
Average 60.74x 13.78x 50.11x 0.48% 7.23TCr
Weighted average by Cap. 49.05x 12.47x 41.98x 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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