Company Valuation: LIXIL Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 6,65,796 6,24,928 5,38,990 4,96,269 4,66,092 4,78,265 - -
Change - -6.14% -13.75% -7.93% -6.08% 2.61% - -
Enterprise Value (EV) 1 10,90,095 11,36,651 10,91,690 10,30,569 9,97,692 10,41,000 10,39,016 10,40,535
Change - 4.27% -3.96% -5.6% -3.19% 4.34% -0.19% 0.15%
P/E 13.7x 39.2x -38.8x 248x 57.2x 40.7x 19.2x 16.5x
PBR 1.09x 1x 0.84x 0.8x 0.7x 0.74x 0.74x 0.74x
PEG - -0.6x 0x -2x 0x 0.9x 0x 1x
Capitalization / Revenue 0.47x 0.42x 0.36x 0.33x 0.31x 0.3x 0.29x 0.3x
EV / Revenue 0.76x 0.76x 0.74x 0.68x 0.66x 0.66x 0.64x 0.64x
EV / EBITDA 7.26x 10.6x 10.4x 9x 8.95x 8.52x 7.48x 7.02x
EV / EBIT 15.7x 45.6x 66.6x 34.7x 35.1x 27.2x 19.4x 17.3x
EV / FCF 11.7x -79.4x 60.3x 28.3x 45.7x 104x 24.1x 26.7x
FCF Yield 8.58% -1.26% 1.66% 3.53% 2.19% 0.96% 4.14% 3.74%
Dividend per Share 2 85 90 90 90 90 90 90 90
Rate of return 3.71% 4.13% 4.79% 5.21% 5.55% 5.41% 5.41% 5.41%
EPS 2 167.2 55.54 -48.43 6.97 28.33 40.89 86.62 101
Distribution rate 50.8% 162% -186% 1,291% 318% 220% 104% 89.1%
Net sales 1 14,28,578 14,95,987 14,83,200 15,04,697 15,10,704 15,83,494 16,22,729 16,17,357
EBITDA 1 1,50,193 1,06,803 1,04,500 1,14,530 1,11,486 1,22,214 1,38,847 1,48,217
EBIT 1 69,471 24,903 16,400 29,687 28,403 38,288 53,500 60,157
Net income 1 48,603 15,991 -13,908 2,001 8,143 11,748 24,897 29,024
Net Debt 1 4,24,299 5,11,723 5,52,700 5,34,300 5,31,600 5,62,735 5,60,750 5,62,269
Reference price 2 2,290.00 2,177.00 1,877.00 1,727.50 1,621.50 1,663.00 1,663.00 1,663.00
Nbr of stocks (in thousands) 2,90,740 2,87,059 2,87,155 2,87,276 2,87,445 2,87,592 - -
Announcement Date 28/04/22 28/04/23 30/04/24 30/04/25 30/04/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.29x1.46x13.96x1.63% 4.31TCr
22.47x2.83x13.86x1.95% 3.9TCr
11.22x0.89x5.79x3.55% 3.63TCr
27.5x5.52x18.7x2.51% 2.08TCr
23.8x2.02x14.6x0.62% 2.07TCr
15.24x2.1x10.46x1.87% 1.34TCr
17.73x2.95x12.13x1.39% 1.31TCr
-21.6x1.43x16.07x3.07% 1.23TCr
20.84x3.28x10.85x0.62% 975.97Cr
Average 15.28x 2.50x 12.94x 1.91% 2.32TCr
Weighted average by Cap. 17.25x 2.29x 12.70x 2.05%

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