Company Valuation: ITOCHU Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 60,89,921 62,61,808 93,03,534 97,92,107 1,38,06,647 1,32,98,309 - -
Change - 2.82% 48.58% 5.25% 41% -3.68% - -
Enterprise Value (EV) 1 83,72,921 86,52,977 1,20,45,134 1,33,42,907 1,68,30,919 1,68,54,069 1,69,48,696 1,67,85,056
Change - 3.34% 39.2% 10.77% 26.14% 0.14% 0.56% -0.97%
P/E 7.5x 7.88x 11.7x 11.2x 15.4x 13.6x 12.9x 12.2x
PBR 1.45x 1.3x 1.71x 1.7x 2.09x 1.9x 1.76x 1.63x
PEG - -6.44x 9.26x 1x 3.89x 1.48x 2.38x 1.97x
Capitalization / Revenue 0.5x 0.45x 0.66x 0.67x 0.93x 0.86x 0.83x 0.8x
EV / Revenue 0.68x 0.62x 0.86x 0.91x 1.14x 1.09x 1.06x 1.01x
EV / EBITDA 8.49x 7.78x 10.7x 11.8x 14.3x 13.8x 12.7x 12x
EV / EBIT 14.4x 12.3x 17.1x 19.5x 23.5x 21.2x 20.1x 18.4x
EV / FCF 9.97x 17.9x 15.6x 27.7x 19.3x 55.9x 32x 28.4x
FCF Yield 10% 5.6% 6.41% 3.6% 5.18% 1.79% 3.12% 3.52%
Dividend per Share 2 22 28 32 40 42 44.5 47.33 50.1
Rate of return 2.65% 3.26% 2.47% 2.9% 2.13% 2.34% 2.49% 2.63%
EPS 2 110.6 109.2 110.6 123.1 128 139.8 147.3 156.5
Distribution rate 19.9% 25.6% 28.9% 32.5% 32.8% 31.8% 32.1% 32%
Net sales 1 1,22,93,348 1,39,45,633 1,40,29,910 1,47,24,234 1,48,23,087 1,54,49,578 1,59,65,702 1,65,65,310
EBITDA 1 9,86,706 11,11,875 11,23,243 11,33,922 11,76,044 12,19,042 13,32,958 13,93,517
EBIT 1 5,82,522 7,01,913 7,02,900 6,83,915 7,17,348 7,94,322 8,43,766 9,11,724
Net income 1 8,20,269 8,00,519 8,01,770 8,80,251 9,00,283 9,64,565 10,01,861 10,52,096
Net Debt 1 22,83,000 23,91,169 27,41,600 35,50,800 30,24,272 35,55,760 36,50,387 34,86,747
Reference price 2 828.80 860.20 1,293.20 1,380.20 1,974.50 1,902.50 1,902.50 1,902.50
Nbr of stocks (in thousands) 73,47,878 72,79,479 71,94,196 70,94,702 69,92,478 69,89,913 - -
Announcement Date 10/05/22 09/05/23 08/05/24 02/05/25 01/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.61x1.09x13.83x2.34% 8.19TCr
17.13x1.07x15.31x2.77% 10TCr
13.58x1.21x18.9x2.94% 8.14TCr
13.46x1.18x18.16x2.4% 5.01TCr
11.19x1.36x14.09x2.62% 4.43TCr
63.83x3.86x23.87x0.04% 4.44TCr
21.65x1.18x10.88x0.9% 3.72TCr
13.75x0.57x8.78x2.14% 3.51TCr
19.42x0.91x9.48x2.78% 1.21TCr
37.19x3.73x20.2x1.14% 961.66Cr
Average 22.48x 1.62x 15.35x 2.01% 4.96TCr
Weighted average by Cap. 19.79x 1.40x 15.76x 2.22%

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 ITOCHU Corporation