Company Valuation: Gecoss Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 35,050 29,226 29,806 38,999 34,889 58,511
Change - -16.62% 1.98% 30.84% -10.54% 67.71%
Enterprise Value (EV) 1 32,108 21,050 27,284 40,466 32,428 50,810
Change - -34.44% 29.62% 48.32% -19.86% 56.69%
P/E 7.71x 8.79x 9.29x 8.84x 7.69x 10x
PBR 0.59x 0.49x 0.5x 0.62x 0.53x 0.82x
PEG - -0.3x 2.33x 0.2x 2.41x 0.3x
Capitalization / Revenue 0.32x 0.26x 0.25x 0.3x 0.31x 0.51x
EV / Revenue 0.29x 0.18x 0.23x 0.32x 0.29x 0.44x
EV / EBITDA 3.62x 2.78x 3.5x 4.19x 3.19x 4.45x
EV / EBIT 5.29x 4.47x 6.06x 6.48x 4.73x 6.34x
EV / FCF 6.09x 2.34x 37.7x -46x 7.16x 14.9x
FCF Yield 16.4% 42.7% 2.66% -2.17% 14% 6.71%
Dividend per Share 2 35 35 35 40 54 69
Rate of return 3.63% 4.36% 3.96% 3.47% 5.21% 3.97%
EPS 2 125 91.38 95.03 130.6 134.8 174
Distribution rate 28% 38.3% 36.8% 30.6% 40.1% 39.7%
Net sales 1 1,10,206 1,13,997 1,20,521 1,28,194 1,11,550 1,15,680
EBITDA 1 8,871 7,562 7,793 9,652 10,157 11,429
EBIT 1 6,072 4,706 4,503 6,244 6,851 8,012
Net income 1 4,549 3,326 3,428 4,414 4,543 5,853
Net Debt 1 -2,942 -8,176 -2,522 1,467 -2,461 -7,701
Reference price 2 963.00 803.00 883.00 1,154.00 1,037.00 1,739.00
Nbr of stocks (in thousands) 36,396 36,396 33,755 33,795 33,644 33,646
Announcement Date 17/06/21 23/06/22 22/06/23 20/06/24 19/06/25 18/06/26
1JPY in Million2JPY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.31x1.51x14.44x1.58% 4.47TCr
35.68x1.31x13.49x1.07% 695.9Cr
21.13x0.42x7.87x1.17% 267.2Cr
Average 26.04x 1.08x 11.93x 1.27% 1.81TCr
Weighted average by Cap. 23.14x 1.43x 13.99x 1.5%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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