Company Valuation: Ebara Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,89,791 4,34,508 7,70,714 11,36,543 16,82,052 21,69,841 - -
Change - -26.33% 77.38% 47.47% 48% 29% - -
Enterprise Value (EV) 1 5,58,541 4,34,508 7,64,799 11,15,944 17,63,302 22,73,295 22,77,637 22,47,092
Change - -22.21% 76.02% 45.91% 58.01% 28.92% 0.19% -1.34%
P/E 13.8x 8.6x 12.8x 15.9x 22.2x 21.8x 18.2x 14.7x
PBR 1.88x 1.21x 1.88x 2.4x 3.31x 3.81x 3.37x 2.94x
PEG - 0.5x 0.7x 0.9x 2.94x 0.7x 0.9x 0.6x
Capitalization / Revenue 0.98x 0.64x 1.01x 1.31x 1.76x 2.03x 1.8x 1.62x
EV / Revenue 0.93x 0.64x 1.01x 1.29x 1.84x 2.12x 1.89x 1.68x
EV / EBITDA 6.75x 4.59x 6.79x 8.72x 11.9x 13.1x 10.3x 8.58x
EV / EBIT 9.1x 6.16x 8.89x 11.4x 15.5x 17.2x 13.2x 10.7x
EV / FCF 13.5x -346x 26.1x 21.3x -34.9x 48.3x 61.5x 46.6x
FCF Yield 7.43% -0.29% 3.83% 4.69% -2.86% 2.07% 1.62% 2.14%
Dividend per Share 2 32.6 38.6 45.8 55 59 74.74 91.99 112.6
Rate of return 2.55% 4.09% 2.74% 2.24% 1.6% 1.57% 1.93% 2.37%
EPS 2 92.69 109.7 130.7 154.6 166.3 218.7 262.1 323.2
Distribution rate 35.2% 35.2% 35% 35.6% 35.5% 34.2% 35.1% 34.8%
Net sales 1 6,03,213 6,80,870 7,59,328 8,66,668 9,58,285 10,71,235 12,03,776 13,40,543
EBITDA 1 82,807 94,640 1,12,615 1,27,964 1,48,606 1,73,234 2,21,446 2,61,870
EBIT 1 61,372 70,572 86,025 97,953 1,13,802 1,31,918 1,71,993 2,10,325
Net income 1 43,616 50,488 60,283 71,401 76,633 98,487 1,19,251 1,46,272
Net Debt 1 -31,250 - -5,915 -20,599 81,250 1,03,454 1,07,795 77,250
Reference price 2 1,278.00 944.00 1,669.60 2,460.50 3,684.00 4,757.00 4,757.00 4,757.00
Nbr of stocks (in thousands) 4,61,495 4,60,283 4,61,616 4,61,916 4,56,583 4,56,136 - -
Announcement Date 14/02/22 14/02/23 14/02/24 14/02/25 13/02/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.55x2.1x13.01x1.59% 1.37TCr
30.61x5.34x19.37x0.84% 12TCr
34.36x5.4x20.49x1.56% 9.64TCr
42.65x8.64x25.3x-.--% 6.2TCr
26.86x3.07x17.77x0.78% 5.87TCr
39.24x6.1x26.94x1.98% 5.68TCr
26.91x4.95x17.32x2.23% 3.53TCr
29.71x3.96x14.96x0.11% 2.91TCr
20.65x1.76x12.72x2.27% 3TCr
20.66x3.57x11.42x1.48% 2.89TCr
Average 29.32x 4.49x 17.93x 1.28% 5.31TCr
Weighted average by Cap. 31.57x 5.09x 19.55x 1.18%

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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