Company Valuation: Goodpatch, Inc.

Data adjusted to current consolidation scope
Fiscal Period: August 2020 2021 2022 2023 2024 2025
Market Cap 1 16,770 23,031 7,245 8,240 3,658 8,151
Change - 37.34% -68.54% 13.74% -55.6% 122.82%
Enterprise Value (EV) 1 16,130 20,702 4,694 5,159 783.3 5,665
Change - 28.35% -77.33% 9.91% -84.82% 623.29%
P/E 80.4x 72.2x 102x 36.7x 334x 20.3x
PBR 17.9x 8.97x 2.26x 2.09x 0.95x 1.97x
PEG - 1.8x -1.3x 0x -3.5x 0x
Capitalization / Revenue 7.83x 8.4x 1.95x 2.1x 0.93x 1.6x
EV / Revenue 7.53x 7.55x 1.26x 1.31x 0.2x 1.11x
EV / EBITDA 60.9x 45.2x 9.9x 13.4x 6.69x 8.84x
EV / EBIT 74.3x 51x 11.9x 17.3x 23x 10.2x
EV / FCF 179x 59.2x 11.4x 62x -9.99x 7.22x
FCF Yield 0.56% 1.69% 8.75% 1.61% -10% 13.9%
Dividend per Share 2 - - - - - 10
Rate of return - - - - - 1.07%
EPS 2 28.67 40.34 8.53 24.54 1.211 46.1
Distribution rate - - - - - 21.7%
Net sales 1 2,143 2,741 3,724 3,928 3,942 5,085
EBITDA 1 265 458 474 384 117 641
EBIT 1 217 406 394 299 34 557
Net income 1 215 327 72 216 11 407
Net Debt 1 -640 -2,329 -2,551 -3,081 -2,875 -2,486
Reference price 2 2,306.00 2,914.00 870.00 901.00 405.00 936.00
Nbr of stocks (in thousands) 7,272 7,904 8,327 9,145 9,033 8,709
Announcement Date 30/11/20 30/11/21 28/11/22 30/11/23 28/11/24 27/11/25
1JPY in Million2JPY
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
28.2x4.52x15.79x2.33% 27TCr
-94.09x14.88x86.13x-.--% 9.31TCr
10.29x1.13x5.93x4.69% 8.48TCr
14.14x2.58x9.73x5.81% 8.25TCr
19.48x5.11x12.62x2.92% 5.84TCr
14.32x2.09x8.77x5.44% 4.66TCr
18.9x1.52x9.57x1.57% 3.54TCr
20.03x1.48x9.4x0.99% 3.55TCr
16.64x2.14x9.95x5.2% 3.45TCr
Average 5.32x 3.94x 18.65x 3.21% 8.26TCr
Weighted average by Cap. 6.36x 4.71x 21.24x 2.96%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA