Company Valuation: Espec Corp.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 44,026 44,429 66,589 52,005 64,103 87,661 - -
Change - 0.91% 49.88% -21.9% 23.27% 36.75% - -
Enterprise Value (EV) 28,221 30,422 55,023 39,363 50,018 87,661 87,661 87,661
Change - 7.8% 80.86% -28.46% 27.07% 75.26% 0% 0%
P/E 23.2x 13.5x 13.4x 8.66x 11x 14.9x 13.4x 12x
PBR 0.97x 0.95x 1.26x 0.92x 1.03x 1.37x 1.29x 1.21x
PEG - 0.2x 0.3x 0.4x -6.6x 4.61x 1.2x 1x
Capitalization / Revenue 1.05x 0.84x 1.07x 0.77x 0.92x 1.19x 1.14x 1.08x
EV / Revenue 0x 0x 0x 0x 0x 1.19x 1.14x 1.08x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 10.8x 9.66x 8.6x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 60 69 75 95 115 115 124.4 136
Rate of return 3.05% 3.39% 2.46% 3.99% 3.87% 2.77% 3% 3.28%
EPS 2 84.89 150.3 227.6 275 270.4 279.1 309.3 346.3
Distribution rate 70.7% 45.9% 33% 34.5% 42.5% 41.2% 40.2% 39.3%
Net sales 1 41,852 52,892 62,126 67,288 70,034 73,507 77,083 81,535
EBITDA 3,266 5,705 8,105 9,249 9,044 - - -
EBIT 1 1,968 4,366 6,585 7,526 7,084 8,133 9,070 10,195
Net income 1 1,905 3,330 4,969 6,003 5,879 5,940 6,583 7,400
Net Debt -15,805 -14,007 -11,566 -12,642 -14,085 - - -
Reference price 2 1,968.00 2,035.00 3,050.00 2,382.00 2,973.00 4,150.00 4,150.00 4,150.00
Nbr of stocks (in thousands) 22,371 21,832 21,832 21,832 21,562 21,123 - -
Announcement Date 13/05/22 12/05/23 15/05/24 15/05/25 14/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.35x - - 2.68% 55Cr
49.92x8.89x28.19x-.--% 5.83TCr
34.01x4.88x17.4x0.31% 2.03TCr
323.42x - - - 1.94TCr
41.1x9.42x30.75x0.52% 1.07TCr
181.64x14.98x80.7x-.--% 989.87Cr
53.44x6.03x24.31x - 794.02Cr
33.77x3.82x18.62x0.28% 768.84Cr
171.52x - - - 787.17Cr
Average 100.46x 8.00x 33.33x 0.63% 1.58TCr
Weighted average by Cap. 99.28x 8.22x 30.14x 0.14%

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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  4. Valuation Espec Corp.