Company Valuation: PARK24 Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: October 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 2,69,019 3,38,482 2,88,349 3,26,004 3,07,546 3,05,833 - -
Change - 25.82% -14.81% 13.06% -5.66% -0.56% - -
Enterprise Value (EV) 1 4,05,828 4,47,614 3,85,114 4,21,252 3,99,718 4,17,234 4,13,634 4,14,418
Change - 10.3% -13.96% 9.38% -5.11% 4.38% -0.86% 0.19%
P/E ratio -23.1x 130x 16.4x 17.5x 19.3x 12.4x 11.1x 9.78x
PBR 16.4x 8.47x 4.94x 4.17x 3.13x 3.22x 2.81x 2.47x
PEG - -1x 0x 2.84x -1.3x 0.2x 1x 0.7x
Capitalization / Revenue 1.07x 1.17x 0.87x 0.88x 0.76x 0.75x 0.68x 0.63x
EV / Revenue 1.62x 1.54x 1.17x 1.14x 0.98x 1.03x 0.92x 0.85x
EV / EBITDA 15.8x 8.58x 6.06x 5.7x 5.37x 5.24x 4.92x 4.52x
EV / EBIT -50.5x 21.7x 12x 10.9x 10.6x 10.3x 9.32x 8.28x
EV / FCF 18.1x 37.3x 17.1x 16.5x 23.8x 89.8x 11.3x 9.86x
FCF Yield 5.54% 2.68% 5.85% 6.04% 4.21% 1.11% 8.82% 10.1%
Dividend per Share 2 - - - 5 30 66.17 82 90.5
Rate of return - - - 0.26% 1.66% 3.69% 4.58% 5.05%
EPS 2 -75.45 15.22 102.9 109.2 93.28 144.6 161 183.3
Distribution rate - - - 4.58% 32.2% 45.8% 50.9% 49.4%
Net sales 1 2,51,102 2,90,253 3,30,123 3,70,913 4,06,168 4,05,224 4,50,693 4,88,983
EBITDA 1 25,641 52,159 63,501 73,921 74,367 79,623 84,047 91,603
EBIT 1 -8,039 20,672 31,986 38,697 37,561 40,360 44,367 50,032
Net income 1 -11,658 2,476 17,542 18,625 15,917 24,606 27,746 31,243
Net Debt 1 1,36,809 1,09,132 96,765 95,248 92,172 1,11,401 1,07,801 1,08,585
Reference price 2 1,741.00 1,985.00 1,691.00 1,911.00 1,802.00 1,792.00 1,792.00 1,792.00
Nbr of stocks (in thousands) 1,54,520 1,70,520 1,70,520 1,70,593 1,70,669 1,70,666 - -
Announcement Date 15/12/21 15/12/22 14/12/23 16/12/24 15/12/25 - - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.17x1.02x5.17x3.76% 189.94Cr
27.6x12.42x21.64x3.93% 448.93Cr
22.86x6.67x9.37x3.75% 167.38Cr
13.02x1.91x7.16x3.6% 50Cr
28.01x2.93x11.5x - 28Cr
Average 20.73x 4.99x 10.97x 3.76% 176.7Cr
Weighted average by Cap. 22.58x 7.99x 14.64x 3.84%

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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