Company Valuation: PIOLAX, Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 52,899 65,703 92,426 58,174 38,670 42,029 - -
Change - 24.2% 40.67% -37.06% -33.53% 8.69% - -
Enterprise Value (EV) 1 15,263 27,143 55,445 23,109 36,900 47,032 52,794 52,574
Change - 77.84% 104.27% -58.32% 59.68% 27.46% 12.25% -0.42%
P/E 12.8x 19.5x 23x 45.3x -1,860x 35.3x 31.3x 22.8x
PBR 0.55x 0.64x 0.87x 0.9x 0.59x 0.64x 0.65x 0.65x
PEG - -1.1x 1.2x -0.8x 18x -0x 2.5x 0.6x
Capitalization / Revenue 0.96x 1.12x 1.43x 0.92x 0.62x 0.67x 0.65x 0.63x
EV / Revenue 0.28x 0.46x 0.86x 0.36x 0.59x 0.75x 0.81x 0.78x
EV / EBITDA 1.79x 3.6x 6.43x 3.43x 6.25x 7.47x 8.12x 7.73x
EV / EBIT 2.93x 6.87x 11.7x 9.7x 25.1x 29.4x 30.2x 26.3x
EV / FCF 5.92x 25.4x -267x 15.1x -8.1x 20.4x -14.2x 23.2x
FCF Yield 16.9% 3.93% -0.38% 6.61% -12.4% 4.89% -7.03% 4.32%
Dividend per Share 2 45 100 128 92 92 92 92 92
Rate of return 2.9% 5.18% 4.71% 3.86% 5.82% 5.28% 5.28% 5.28%
EPS 2 121.7 99.15 117.9 52.67 -0.85 49.4 55.7 76.3
Distribution rate 37% 101% 109% 175% -10,824% 186% 165% 121%
Net sales 1 55,144 58,422 64,551 63,351 62,045 63,000 65,000 67,000
EBITDA 1 8,507 7,535 8,627 6,735 5,906 6,300 6,500 6,800
EBIT 1 5,216 3,949 4,756 2,382 1,470 1,600 1,750 2,000
Net income 1 4,224 3,375 4,013 1,792 -21 1,100 1,240 1,700
Net Debt 1 -37,636 -38,560 -36,981 -35,065 -1,770 5,003 10,765 10,545
Reference price 2 1,554.00 1,930.00 2,715.00 2,384.00 1,581.00 1,743.00 1,743.00 1,743.00
Nbr of stocks (in thousands) 34,040 34,043 34,043 24,402 24,459 24,113 - -
Announcement Date 12/05/22 12/05/23 10/05/24 12/05/25 12/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
35.28x0.75x7.47x5.28% 26Cr
19.09x1.3x10.02x1.97% 4.13TCr
13.66x0.73x6.12x3.34% 3.71TCr
15.87x0.67x4.93x3.67% 3.33TCr
9.45x0.58x7.39x1.57% 2.78TCr
15.4x2.78x9.73x3.88% 2.23TCr
11.1x0.53x5.23x2.83% 1.9TCr
12.05x1.05x5.99x4.17% 1.66TCr
28.13x1.12x11.67x0.58% 1.62TCr
12.85x1.01x6.71x1.04% 1.32TCr
Average 17.29x 1.05x 7.52x 2.83% 2.27TCr
Weighted average by Cap. 15.30x 1.06x 7.51x 2.66%

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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