Company Valuation: Paltac Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,80,548 2,85,954 3,15,492 2,58,616 2,45,409 4,01,587 - -
Change - -24.86% 10.33% -18.03% -5.11% 63.64% - -
Enterprise Value (EV) 1 3,43,488 2,45,599 2,69,743 1,97,622 1,75,493 2,09,736 3,07,123 2,94,321
Change - -28.5% 9.83% -26.74% -11.2% 19.51% -3.83% -4.17%
P/E 19.7x 14.7x 16.4x 12.5x 10.9x 13.4x 17.4x 17.2x
PBR 1.62x 1.17x 1.21x 0.93x 0.85x 0.97x 1.36x 1.25x
PEG - 7.03x -12.69x 1.73x 0.9x -6.57x 2.23x 26.25x
Capitalization / Revenue 0.37x 0.27x 0.29x 0.22x 0.21x 0.24x 0.32x 0.31x
EV / Revenue 0.33x 0.23x 0.24x 0.17x 0.15x 0.17x 0.24x 0.22x
EV / EBITDA 11x 7.82x 8.93x 5.86x 5.09x 6.4x 8.32x 7.86x
EV / EBIT 13.5x 9.47x 11x 7.27x 6.27x 7.94x 10.1x 9.66x
EV / FCF 14.8x 20.9x 41.2x 9.42x 8.67x 9.28x 16x 14.8x
FCF Yield 6.78% 4.8% 2.43% 10.6% 11.5% 10.8% 6.26% 6.77%
Dividend per Share 2 72 78 82 94 105 120 126.5 133.3
Rate of return 1.2% 1.71% 1.63% 2.28% 2.64% 2.49% 1.91% 2.01%
EPS 2 304 310.3 306.3 328.4 366.5 359 381.5 384
Distribution rate 23.7% 25.1% 26.8% 28.6% 28.7% 33.4% 33.2% 34.7%
Net sales 1 10,33,275 10,45,735 11,04,152 11,51,966 11,88,097 12,37,846 12,70,588 13,14,506
EBITDA 1 31,137 31,407 30,222 33,725 34,503 32,794 36,917 37,426
EBIT 1 25,487 25,921 24,472 27,172 28,008 26,430 30,367 30,467
Net income 1 19,317 19,639 19,251 20,638 22,864 22,031 23,532 23,534
Net Debt 1 -37,060 -40,355 -45,749 -60,994 -69,916 -83,282 -94,464 -1,07,266
Reference price 2 5,990.00 4,550.00 5,020.00 4,115.00 3,979.00 6,620.00 6,620.00 6,620.00
Nbr of stocks (in thousands) 63,531 62,847 62,847 62,847 61,676 60,663 - -
Announcement Date 12/05/21 11/05/22 11/05/23 13/05/24 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.($)
18.71x0.26x9.12x1.81% 245.33Cr
21.71x4.22x15.46x2.89% 34TCr
17.65x2.69x11.91x3.56% 13TCr
24.62x3.7x15.54x2.32% 7.26TCr
44.63x7.16x31.07x2.11% 5.23TCr
20.23x2.84x11.79x4.4% 3.7TCr
77.99x2.32x13.97x1.75% 2.9TCr
17.99x1.3x7.75x1.31% 1.93TCr
21.35x1.54x9.81x2.42% 1.78TCr
44.98x6.51x31.11x1.6% 1.13TCr
Average 30.99x 3.25x 15.75x 2.42% 7.17TCr
Weighted average by Cap. 25.39x 3.83x 15.59x 2.85%

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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