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 1,05,102 - -
Change - -17.44% -9.42% 20.6% -11.05% -3.11% - -
Enterprise Value (EV) 1 1,17,903 99,071 93,615 1,09,948 92,865 83,756 85,476 83,746
Change - -15.97% -5.51% 17.45% -15.54% -9.81% 2.05% -2.02%
P/E 18.9x 21x 24.6x 35.4x 20.7x 17.3x 16x 15.1x
PBR 2.25x 1.78x 1.52x 1.77x 1.45x 1.33x 1.29x 1.23x
PEG - -0.8x -1.1x -2.4x 0.4x 1.1x 2.06x 2.37x
Capitalization / Revenue 0.66x 0.73x 0.64x 0.72x 0.61x 0.56x 0.54x 0.52x
EV / Revenue 0.58x 0.65x 0.59x 0.65x 0.52x 0.44x 0.44x 0.42x
EV / EBITDA 8.3x 8.78x 8.93x 10.1x 7.23x 6.14x 6x 5.6x
EV / EBIT 11.1x 13.3x 14.7x 17.1x 11.5x 9.89x 9x 8.33x
EV / FCF 74x -41.9x 114x 11.9x 14.9x 13.6x 15.3x 13.7x
FCF Yield 1.35% -2.39% 0.88% 8.42% 6.72% 7.35% 6.54% 7.31%
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% 2.71% 2.78% 2.9%
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 13,646 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 -21,346 -19,627 -21,357
Reference price 2 6,130.00 5,060.00 4,570.00 5,600.00 4,965.00 4,795.00 4,795.00 4,795.00
Nbr of stocks (in thousands) 22,061 22,064 22,127 21,778 21,848 21,919 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
17.43x0.45x6.21x2.69% 67Cr
17.67x3.15x11.34x4.24% 4.4TCr
27.29x4.12x17.48x1.22% 2.4TCr
18.26x2.3x12.49x4.75% 1.28TCr
16.21x1.82x10.35x3.49% 553.33Cr
15.82x1.85x10.99x9.29% 377.98Cr
20.94x1.02x7.73x1.78% 331.3Cr
37.03x4.56x24.8x - 307.67Cr
28.19x2.18x19.36x1.87% 77Cr
Average 22.09x 2.38x 13.42x 3.67% 1.09TCr
Weighted average by Cap. 20.75x 3.10x 13.26x 3.59%

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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