Company Valuation: Oriental Land Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 54,43,794 77,00,005 74,16,245 79,44,473 48,26,525 45,95,626 - -
Change - 41.45% -3.69% 7.12% -39.25% -4.78% - -
Enterprise Value (EV) 1 53,99,205 77,07,785 73,58,981 77,56,412 46,31,869 43,78,406 43,40,550 42,89,160
Change - 42.76% -4.53% 5.4% -40.28% -5.47% -0.86% -1.18%
P/E ratio -100x 955x 91.9x 66.1x 38.9x 36.9x 33.7x 31.2x
PBR 7.16x 10.2x 8.94x 8.37x 4.94x 4.28x 3.92x 3.62x
PEG - -8x 0x 1.4x 12.8x 91.28x 3.51x 3.97x
Capitalization / Revenue 31.9x 27.9x 15.4x 12.8x 7.1x 6.47x 6.12x 5.81x
EV / Revenue 31.7x 28x 15.2x 12.5x 6.82x 6.16x 5.78x 5.42x
EV / EBITDA -59,991x 149x 46.7x 36.6x 19.5x 18x 16.6x 15.2x
EV / EBIT -117x 997x 66.2x 46.9x 26.9x 24.9x 22.5x 20.7x
EV / FCF -40.9x -169x 316x 61.8x -80.2x 48.9x 82.2x 70.5x
FCF Yield -2.45% -0.59% 0.32% 1.62% -1.25% 2.04% 1.22% 1.42%
Dividend per Share 2 5.2 5.6 8 13 14 14.8 17.43 19.68
Rate of return 0.16% 0.12% 0.18% 0.27% 0.48% 0.53% 0.62% 0.7%
EPS 2 -33.1 4.926 49.29 73.39 75.62 75.93 83.21 89.75
Distribution rate -15.7% 114% 16.2% 17.7% 18.5% 19.5% 21% 21.9%
Net sales 1 1,70,581 2,75,728 4,83,123 6,18,493 6,79,374 7,10,454 7,51,443 7,91,213
EBITDA 1 -90 51,836 1,57,526 2,12,139 2,37,533 2,43,048 2,60,867 2,82,107
EBIT 1 -45,989 7,733 1,11,199 1,65,437 1,72,111 1,75,783 1,92,586 2,07,333
Net income 1 -54,190 8,067 80,734 1,20,225 1,24,160 1,25,621 1,35,983 1,46,188
Net Debt 1 -44,589 7,780 -57,264 -1,88,061 -1,94,656 -2,17,220 -2,55,077 -3,06,467
Reference price 2 3,325.00 4,702.00 4,528.00 4,849.00 2,945.00 2,803.00 2,803.00 2,803.00
Nbr of stocks (in thousands) 16,37,231 16,37,602 16,37,863 16,38,373 16,38,888 16,39,538 - -
Announcement Date 28/04/21 27/04/22 27/04/23 26/04/24 28/04/25 - - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.92x6.16x18.01x0.53% 2.92TCr
8.58x2.31x6.42x-.--% 166.2Cr
-36.95x2.05x7.5x-.--% 163.5Cr
22.49x - - - 98Cr
40.22x - - 0.51% 34Cr
17.11x0.78x4.19x0.6% 31Cr
Average 14.73x 2.83x 9.03x 0.33% 568.17Cr
Weighted average by Cap. 31.43x 5.71x 16.77x 0.48%

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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