Company Valuation: Earth Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,35,232 1,11,643 1,01,120 1,21,955 1,08,473 1,02,465 - -
Change - -17.44% -9.42% 20.6% -11.05% -5.54% - -
Enterprise Value (EV) 1 1,17,903 99,071 93,615 1,09,948 92,865 84,202 82,838 81,108
Change - -15.97% -5.51% 17.45% -15.54% -9.33% -1.62% -2.09%
P/E 18.9x 21x 24.6x 35.4x 20.7x 16.9x 15.7x 14.7x
PBR 2.25x 1.78x 1.52x 1.77x 1.45x 1.32x 1.26x 1.21x
PEG - -0.8x -1.1x -2.4x 0.4x 1.1x 2.02x 2.31x
Capitalization / Revenue 0.66x 0.73x 0.64x 0.72x 0.61x 0.54x 0.53x 0.51x
EV / Revenue 0.58x 0.65x 0.59x 0.65x 0.52x 0.45x 0.43x 0.4x
EV / EBITDA 8.3x 8.78x 8.93x 10.1x 7.23x 6.25x 5.81x 5.43x
EV / EBIT 11.1x 13.3x 14.7x 17.1x 11.5x 9.95x 8.72x 8.07x
EV / FCF 74x -41.9x 114x 11.9x 14.9x 13.7x 14.8x 13.3x
FCF Yield 1.35% -2.39% 0.88% 8.42% 6.72% 7.31% 6.75% 7.55%
Dividend per Share 2 118 118 118 120 125 130 133.3 139
Rate of return 1.92% 2.33% 2.58% 2.14% 2.52% 2.77% 2.84% 2.96%
EPS 2 323.8 240.5 185.6 158.3 240 277.6 299.2 318.2
Distribution rate 36.4% 49.1% 63.6% 75.8% 52.1% 46.8% 44.6% 43.7%
Net sales 1 2,03,785 1,52,339 1,58,344 1,69,278 1,79,182 1,88,600 1,94,633 2,00,700
EBITDA 1 14,203 11,286 10,488 10,849 12,841 13,462 14,247 14,947
EBIT 1 10,667 7,434 6,370 6,425 8,087 8,467 9,500 10,050
Net income 1 7,142 5,303 4,102 3,475 5,238 6,072 6,544 6,960
Net Debt 1 -17,329 -12,572 -7,505 -12,007 -15,608 -18,263 -19,627 -21,357
Reference price 2 6,130.00 5,060.00 4,570.00 5,600.00 4,965.00 4,690.00 4,690.00 4,690.00
Nbr of stocks (in thousands) 22,061 22,064 22,127 21,778 21,848 21,847 - -
Announcement Date 14/02/22 13/02/23 13/02/24 13/02/25 13/02/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.89x0.45x6.25x2.77% 63Cr
16.68x3.14x11.26x4.31% 4.25TCr
26.73x4.06x17.27x1.25% 2.34TCr
19.47x2.46x13.3x5.13% 1.18TCr
15.88x1.8x10.09x3.59% 537.46Cr
14.61x1.81x10.7x9.91% 354.59Cr
37.73x4.64x25.26x - 313.45Cr
18.26x0.86x6.56x2.01% 285.51Cr
22.41x2.13x15.25x1.96% 77Cr
Average 20.96x 2.37x 12.88x 3.87% 1.04TCr
Weighted average by Cap. 20.20x 3.11x 13.25x 3.71%

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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