Company Valuation: FP Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 2,38,626 2,68,461 2,22,826 2,28,080 1,90,384 2,20,389 - -
Change - 12.5% -17% 2.36% -16.53% 15.76% - -
Enterprise Value (EV) 1 2,97,046 3,46,366 2,91,903 2,89,573 2,45,533 2,79,128 2,89,234 2,79,068
Change - 16.6% -15.72% -0.8% -15.21% 13.68% 3.62% -3.51%
P/E 21.3x 23.3x 19.2x 18.3x 12.8x 14.3x 13.4x 14.3x
PBR 1.81x 1.93x 1.54x 1.49x 1.16x 1.27x 1.22x 1.17x
PEG - 8.16x 10.28x 2.4x 0.7x 3.66x 2.07x -2.3x
Capitalization / Revenue 1.22x 1.27x 1x 0.97x 0.79x 0.85x 0.85x 0.87x
EV / Revenue 1.52x 1.64x 1.31x 1.23x 1.02x 1.08x 1.11x 1.1x
EV / EBITDA 10.1x 11.2x 9.27x 8.72x 6.78x 7.29x 7.37x 7.52x
EV / EBIT 18.7x 20.7x 17.8x 15.7x 11.4x 12.3x 12x 12.4x
EV / FCF 1,053x -45x 15.8x 22.3x 18.3x -23.3x 40x 17.7x
FCF Yield 0.09% -2.22% 6.33% 4.49% 5.45% -4.3% 2.5% 5.66%
Dividend per Share 2 47 47 57 61.5 73 76.75 80.8 81.5
Rate of return 1.61% 1.43% 2.07% 2.18% 3.1% 2.82% 2.97% 2.99%
EPS 2 137 140.9 143.5 154.5 183.9 191 203.4 190.7
Distribution rate 34.3% 33.4% 39.7% 39.8% 39.7% 40.2% 39.7% 42.7%
Net sales 1 1,95,700 2,11,285 2,22,100 2,35,628 2,40,490 2,59,250 2,59,599 2,53,278
EBITDA 1 29,520 30,883 31,481 33,222 36,208 38,300 39,267 37,087
EBIT 1 15,884 16,703 16,429 18,471 21,614 22,767 24,025 22,566
Net income 1 11,206 11,529 11,724 12,486 14,869 15,450 15,570 15,425
Net Debt 1 58,420 77,905 69,077 61,493 55,149 58,738 68,845 58,679
Reference price 2 2,916.00 3,280.00 2,757.00 2,821.00 2,354.00 2,725.00 2,725.00 2,725.00
Nbr of stocks (in thousands) 81,833 81,848 80,822 80,851 80,877 80,877 - -
Announcement Date 28/04/22 28/04/23 30/04/24 30/04/25 30/04/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.45x1.41x8.64x5.65% 2.13TCr
24.77x2.2x10.6x1.47% 839.91Cr
9.78x - - 3.63% 140.54Cr
14.99x1.12x7.69x2.62% 138.5Cr
10.07x - - - 135.83Cr
24.26x - - - 124.14Cr
Average 16.55x 1.58x 8.98x 3.34% 584.21Cr
Weighted average by Cap. 17.54x 1.61x 9.13x 4.35%

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