Company Valuation: HORIBA, Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,85,254 2,41,976 4,66,235 3,83,949 6,70,256 9,32,668 - -
Change - -15.17% 92.68% -17.65% 74.57% 39.15% - -
Enterprise Value (EV) 1 2,28,403 1,67,827 3,91,854 3,02,019 5,72,172 8,32,098 8,30,169 8,06,561
Change - -26.52% 133.49% -22.93% 89.45% 45.43% -0.23% -2.84%
P/E 13.4x 7.1x 11.6x 11.4x 18.1x 17.8x 14.6x 13.1x
PBR 1.4x 1.01x 1.65x 1.22x 1.93x 2.45x 2.25x 2.03x
PEG - 0.1x 0.6x -0.7x 1.7x 0.4x 0.7x 1.1x
Capitalization / Revenue 1.27x 0.9x 1.6x 1.21x 2.01x 2.39x 2.14x 1.99x
EV / Revenue 1.02x 0.62x 1.35x 0.95x 1.72x 2.14x 1.91x 1.72x
EV / EBITDA 5.42x 2.96x 6.6x 4.95x 8.64x 9.41x 7.84x 6.86x
EV / EBIT 7.13x 3.66x 8.29x 6.25x 10.8x 11.3x 9.22x 7.76x
EV / FCF 11.1x 7.23x 42x 14.4x 21.2x 32.6x 28.1x 13.1x
FCF Yield 9.02% 13.8% 2.38% 6.93% 4.71% 3.07% 3.56% 7.63%
Dividend per Share 2 150 245 290 270 450 762 618.3 690
Rate of return 2.22% 4.28% 2.63% 2.95% 2.82% 3.43% 2.79% 3.11%
EPS 2 505 807.1 953.7 799.4 883.5 1,246 1,516 1,694
Distribution rate 29.7% 30.4% 30.4% 33.8% 50.9% 61.2% 40.8% 40.7%
Net sales 1 2,24,314 2,70,133 2,90,558 3,17,369 3,33,081 3,89,484 4,35,146 4,69,790
EBITDA 1 42,109 56,754 59,393 60,993 66,220 88,467 1,05,954 1,17,624
EBIT 1 32,046 45,843 47,296 48,340 53,040 73,810 90,059 1,03,979
Net income 1 21,311 34,072 40,302 33,591 37,090 52,363 63,713 71,221
Net Debt 1 -56,851 -74,149 -74,381 -81,930 -98,084 -1,00,570 -1,02,499 -1,26,107
Reference price 2 6,760.00 5,730.00 11,030.00 9,152.00 15,960.00 22,195.00 22,195.00 22,195.00
Nbr of stocks (in thousands) 42,197 42,230 42,270 41,952 41,996 42,022 - -
Announcement Date 14/02/22 14/02/23 14/02/24 13/02/25 12/02/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
17.82x2.14x9.41x3.43% 594.79Cr
28.44x5.1x18.59x0.92% 11TCr
29.42x4.61x17.45x1.83% 8.36TCr
29.04x3.32x19.16x0.72% 6.36TCr
40.86x6.38x28.14x1.87% 5.96TCr
36.88x7.46x21.85x-.--% 5.36TCr
24.2x4.56x15.85x2.69% 3.32TCr
20.68x1.77x12.74x2.27% 3.01TCr
29.33x3.89x14.65x0.12% 2.85TCr
21.88x3.22x13.86x1.07% 2.68TCr
Average 27.85x 4.24x 17.17x 1.49% 4.96TCr
Weighted average by Cap. 29.90x 4.75x 18.84x 1.25%

Y-o-Y evolution of P/E

Valuation ratios - P/E - HORIBA, Ltd.

Historical PBR trend

Valuation ratios - PBR - HORIBA, Ltd.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - HORIBA, Ltd.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - HORIBA, Ltd.


Year-on-year evolution of the Yield

Valuation ratios - Yield - HORIBA, Ltd.
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