Company Valuation: ORIX Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 28,53,231 24,96,074 37,98,509 35,03,942 48,80,583 68,00,518 - -
Change - -12.52% 52.18% -7.75% 39.29% 39.34% - -
Enterprise Value (EV) 1 67,65,089 69,82,733 88,13,673 84,64,757 99,67,478 1,25,55,612 1,27,80,013 1,29,67,756
Change - 3.22% 26.22% -3.96% 17.75% 25.97% 1.79% 1.47%
P/E 9.44x 9.41x 11.1x 10x 11.5x 7.67x 13.1x 11.8x
PBR 0.9x 0.76x 0.96x 0.86x 1.13x 1.35x 1.3x 1.24x
PEG - -0.9x 0.4x 3.25x 0.4x 0x -0.3x 1.1x
Capitalization / Revenue 1.13x 0.94x 1.35x 1.22x 1.47x 1.98x 1.9x 1.77x
EV / Revenue 2.68x 2.62x 3.13x 2.94x 2.99x 3.66x 3.57x 3.37x
EV / EBITDA 10.7x 10.5x 12.2x 11.6x 11.6x 31.1x 25.3x 24.2x
EV / EBIT 22.4x 22.2x 24.4x 25.5x 21.8x 25x 25.7x 23.6x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 85.6 85.6 98.6 120 156.1 196.9 195.7 209.1
Rate of return 3.5% 3.93% 2.99% 3.89% 3.39% 3.17% 3.15% 3.37%
EPS 2 259.4 231.4 298.6 307.7 400.3 809.8 474.3 524.4
Distribution rate 33% 37% 33% 39% 39% 24.3% 41.3% 39.9%
Net sales 1 25,20,365 26,66,373 28,14,361 28,74,821 33,30,831 34,26,133 35,78,104 38,50,409
EBITDA 1 6,32,434 6,67,422 7,24,955 7,31,353 8,61,039 4,03,941 5,04,450 5,36,436
EBIT 1 3,02,083 3,13,988 3,60,713 3,31,826 4,56,248 5,02,422 4,96,517 5,50,441
Net income 1 3,12,135 2,73,075 3,46,132 3,51,630 4,47,265 8,98,849 4,95,771 5,33,550
Net Debt 1 39,11,858 44,86,659 50,15,164 49,60,815 50,86,895 57,55,094 59,79,496 61,67,239
Reference price 2 2,447.50 2,176.50 3,299.00 3,084.00 4,607.00 6,209.00 6,209.00 6,209.00
Nbr of stocks (in thousands) 11,65,774 11,46,829 11,51,412 11,36,168 10,59,384 10,95,268 - -
Announcement Date 11/05/22 10/05/23 08/05/24 12/05/25 11/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
18.66x3.5x9.58x3.07% 6.54TCr
7.67x3.66x31.08x3.17% 4.27TCr
11.97x - - 2.34% 1.34TCr
9.16x1.03x - 3.53% 1.3TCr
12.3x0.85x - 1.96% 898.17Cr
8.02x - - 6.62% 720.45Cr
-1303.66x2.94x15.92x1.14% 463.88Cr
18.29x24.09x76.76x2.48% 408.62Cr
Average -152.20x 6.01x 33.34x 3.04% 1.99TCr
Weighted average by Cap. -24.95x 3.73x 20.05x 3.1%

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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  5. Valuation ORIX Corporation