Valuation Japan Tobacco Inc.

Equities

2914

JP3726800000

Tobacco

Delayed Japan Exchange Other stock markets 11:18:19 10/02/2026 am IST			5-day change	1st Jan Change
6,047.00 ^JPY	-1.42%		+4.67%	+7.23%

29/12	Japan's Nikkei falls as tech stocks track Wall Street lower	RE
18/12	Italy raids illegal tobacco factory, seizes 27 tonnes of cigarettes	RE

Company Valuation: Japan Tobacco Inc.

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	37,29,458	41,21,325	47,22,880	64,70,988	72,44,406	1,08,90,229	1,08,90,229	-
Change	-	10.51%	14.6%	37.01%	11.95%	50.33%	0%	-
Enterprise Value (EV) ¹	42,08,419	43,18,216	48,14,306	65,73,041	77,07,959	1,15,24,222	1,14,62,829	1,13,81,115
Change	-	2.61%	11.49%	36.53%	17.27%	49.51%	-0.53%	-0.71%
P/E ratio	12x	12.2x	10.7x	13.4x	15.6x	19.3x	17.2x	15.7x
PBR	1.48x	1.47x	1.33x	1.69x	1.92x	2.71x	2.59x	2.47x
PEG	-	1.34x	0.3x	1.5x	-3.96x	0.9x	1.4x	1.62x
Capitalization / Revenue	1.78x	1.77x	1.78x	2.28x	2.3x	3.16x	2.97x	2.84x
EV / Revenue	2.01x	1.86x	1.81x	2.31x	2.45x	3.34x	3.13x	2.97x
EV / EBITDA	6.49x	6.29x	5.64x	7.71x	8.79x	11.2x	10.3x	9.68x
EV / EBIT	8.97x	8.65x	7.37x	9.78x	11.1x	13.5x	12.2x	11.3x
EV / FCF	10.2x	8.61x	12.6x	14.9x	16.1x	24.1x	19x	16.9x
FCF Yield	9.77%	11.6%	7.93%	6.72%	6.22%	4.16%	5.26%	5.92%
Dividend per Share ²	154	140	188	194	194	232	258	282
Rate of return	7.33%	6.03%	7.07%	5.32%	4.75%	3.78%	4.21%	4.6%
EPS ²	174.9	190.8	249.4	271.7	261	317.5	356.3	390.9
Distribution rate	88.1%	73.4%	75.4%	71.4%	74.3%	73.1%	72.4%	72.2%
Net sales ¹	20,92,561	23,24,838	26,57,832	28,41,077	31,49,759	34,50,736	36,66,816	38,29,357
EBITDA ¹	6,48,708	6,86,078	8,53,226	8,52,062	8,77,040	10,31,534	11,08,941	11,75,556
EBIT ¹	4,69,054	4,99,021	6,53,575	6,72,410	6,97,203	8,51,817	9,36,103	10,10,489
Net income ¹	3,10,253	3,38,490	4,42,716	4,82,288	4,63,369	5,62,705	6,31,562	6,92,373
Net Debt ¹	4,78,961	1,96,891	91,426	1,02,053	4,63,553	6,33,993	5,72,600	4,90,886
Reference price ²	2,102.00	2,322.50	2,661.00	3,645.00	4,080.00	6,134.00	6,134.00	6,134.00
Nbr of stocks (in thousands)	17,74,243	17,74,521	17,74,851	17,75,305	17,75,590	17,75,388	17,75,388	-
Announcement Date	09/02/21	14/02/22	14/02/23	13/02/24	13/02/25	-	-	-

¹JPY in Million²JPY

Estimates

P/E ratio, Detailed evolution

Sector Comparison:

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
JAPAN TOBACCO INC.	19.02x	3.29x	11.01x	3.84%	6.98TCr
ALTRIA GROUP, INC.	13.43x	6.55x	10.46x	6.38%	11TCr
ITC LIMITED	19.96x	5.02x	14.92x	4.43%	4.46TCr
KT&G CORPORATION	17.8x	2.56x	10.23x	3.69%	1.2TCr
PT HANJAYA MANDALA SAMPOERNA TBK	15.64x	0.84x	10.05x	6.46%	598.15Cr
RLX TECHNOLOGY INC.	20.71x	1.25x	8.99x	0.51%	291.21Cr
EASTERN COMPANY S.A.E	10.67x	2.27x	7.69x	7.5%	263.13Cr
PT GUDANG GARAM TBK	31.72x	0.37x	6.29x	2.89%	189.88Cr
SCANDINAVIAN TOBACCO GROUP A/S	10.72x	1.39x	7.1x	7.29%	126.89Cr
Average	17.74x	2.62x	9.64x	4.78%	2.77TCr
Weighted average by Cap.	16.61x	4.85x	11.29x	5.11%