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 56,38,152 - -
Change - 33.47% 273.95% -47.71% 105.02% -15.12% - -
Enterprise Value (EV) 1 11,15,729 14,93,968 59,80,985 30,10,690 63,57,640 52,83,472 51,85,203 50,58,020
Change - 33.9% 300.34% -49.66% 111.17% -16.9% -1.86% -2.45%
P/E 18.7x 20x 73.6x 26.1x 49x 29.9x 24.5x 21.4x
PBR 4.24x 4.78x 15.3x 6.78x 11.3x 8.04x 6.69x 5.74x
PEG - 0.8x 47.66x 0.6x 5.26x 0.8x 1.1x 1.5x
Capitalization / Revenue 4.89x 5.83x 20.1x 8.24x 15.2x 10.1x 8.51x 7.45x
EV / Revenue 4.4x 5.26x 19.4x 7.65x 14.6x 9.43x 7.83x 6.68x
EV / EBITDA 11.2x 12.4x 45.1x 16.8x 31.8x 19.8x 16x 13.6x
EV / EBIT 12.2x 13.5x 49.2x 18x 34.4x 20.8x 16.6x 13.8x
EV / FCF 27.8x 21.7x 73.7x 56.3x -2,856x 42.4x 30.2x 24.1x
FCF Yield 3.59% 4.6% 1.36% 1.78% -0.04% 2.36% 3.31% 4.16%
Dividend per Share 2 269.3 305.3 307 413 505 686.4 846.7 1,075
Rate of return 2.35% 2% 0.54% 1.38% 0.82% 1.32% 1.63% 2.07%
EPS 2 611.7 765.5 777.3 1,143 1,250 1,737 2,123 2,434
Distribution rate 44% 39.9% 39.5% 36.1% 40.4% 39.5% 39.9% 44.2%
Net sales 1 2,53,781 2,84,135 3,07,554 3,93,300 4,36,889 5,60,264 6,62,548 7,57,083
EBITDA 1 1,00,064 1,20,784 1,32,521 1,79,000 1,99,810 2,67,341 3,23,297 3,72,881
EBIT 1 91,513 1,10,413 1,21,490 1,66,800 1,84,989 2,54,048 3,11,545 3,65,738
Net income 1 66,206 82,891 84,205 1,23,900 1,35,521 1,87,718 2,30,338 2,70,230
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 51,980.00 51,980.00 51,980.00
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.($)
29.93x9.43x19.76x1.32% 3.67TCr
34.61x10.51x30.37x0.43% 36TCr
61.76x9.05x47.96x0.15% 6.86TCr
62.61x18.25x80x0.13% 4.74TCr
35.9x9.42x24.46x0.49% 4.72TCr
67.74x20.39x77.5x0.15% 2.68TCr
35.89x3.37x10.27x0.43% 2.58TCr
75.84x14.79x71.6x0.33% 1.97TCr
43.98x15.03x32.72x1.88% 1.78TCr
70.58x18.72x66.46x0.19% 1.75TCr
Average 51.88x 12.90x 46.11x 0.55% 6.7TCr
Weighted average by Cap. 42.98x 11.35x 38.02x 0.45%

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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