Company Valuation: MS&AD Insurance Group Holdings, Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 18,13,639 21,77,752 21,93,722 42,97,959 48,73,847 58,88,460 - -
Change - 20.08% 0.73% 95.92% 13.4% 20.82% - -
Enterprise Value (EV) 1 26,22,732 29,60,654 21,93,722 50,13,004 54,64,412 66,78,650 66,78,650 66,78,650
Change - 12.88% -25.9% 128.52% 9% 22.22% 0% 0%
P/E ratio 12.7x 8.38x 13.7x 11.7x 7.24x 9.31x 9.15x 8.78x
PBR 0.59x 0.67x 0.73x 0.96x 1.22x 1.45x 1.42x 1.37x
PEG - 0.1x -0.4x 0x 0.1x -2.03x 5.36x 2.1x
Capitalization / Revenue 0.37x 0.42x 0.42x 0.65x 0.73x 0.86x 0.84x 0.81x
EV / Revenue 0.54x 0.58x 0.42x 0.76x 0.82x 0.98x 0.95x 0.92x
EV / EBITDA - - - - - - - -
EV / EBIT - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 51.67 60 66.67 90 145 155 164.8 174.5
Rate of return 4.77% 4.52% 4.87% 3.32% 4.5% 3.92% 4.17% 4.41%
EPS 2 85.26 158.2 99.93 231.8 445.5 425.1 432.4 450.5
Distribution rate 60.6% 37.9% 66.7% 38.8% 32.5% 36.5% 38.1% 38.7%
Net sales 1 48,92,244 51,32,042 52,51,271 65,72,889 66,60,813 68,28,100 70,37,300 72,48,875
EBITDA - - - - - - - -
EBIT 2,01,727 3,70,027 2,35,456 4,62,263 - - - -
Net income 1 1,44,398 2,62,799 1,61,530 3,69,266 6,91,657 6,44,430 6,25,903 6,33,616
Net Debt 1 8,09,093 7,82,902 - 7,15,045 5,90,565 7,90,190 7,90,190 7,90,190
Reference price 2 1,083.00 1,326.00 1,368.67 2,711.00 3,225.00 3,956.00 3,956.00 3,956.00
Nbr of stocks (in thousands) 16,74,644 16,42,347 16,02,817 15,85,378 15,11,270 14,88,488 - -
Announcement Date 20/05/21 20/05/22 19/05/23 20/05/24 20/05/25 - - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.19x0.97x - 3.97% 3.65TCr
11.79x - - 3.53% 7.12TCr
11.1x - - 1.61% 6.05TCr
6.3x - - 2.01% 5.17TCr
9.4x - - 0.83% 4.03TCr
12.04x - - 2.41% 3.9TCr
15.81x2.16x - 1.98% 3.46TCr
8.26x2.1x - 4.41% 3.28TCr
9.59x1.1x - 2.65% 3.25TCr
14.21x - - 3.83% 3.06TCr
Average 10.77x 1.58x 2.72% 4.3TCr
Weighted average by Cap. 10.67x 1.57x 2.65%
See all sector valuations

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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