Company Valuation: Shibaura Mechatronics Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 38,082 71,172 84,274 92,333 2,59,277 2,64,525 - -
Change - 86.89% 18.41% 9.56% 180.81% 2.02% - -
Enterprise Value (EV) 21,967 52,783 65,821 72,591 2,46,587 2,64,525 2,64,525 2,64,525
Change - 140.29% 24.7% 10.29% 239.7% 7.27% 0% 0%
P/E 12.8x 7.74x 9.62x 8.94x 23.2x 17.4x 13.2x 9.21x
PBR 1.55x 2.16x 2.17x 1.95x 4.66x 3.82x 3.04x 2.33x
PEG - 0x -2.43x 0.5x 2.87x 0.5x 0.4x 0.2x
Capitalization / Revenue 0.77x 1.17x 1.25x 1.14x 2.95x 2.43x 2.08x 1.72x
EV / Revenue 0x 0x 0x 0x 0x 2.43x 2.08x 1.72x
EV / EBITDA 0x 0x - 0x 0x 9.46x 6.88x 5.24x
EV / EBIT 0x 0x 0x 0x 0x 12.8x 9.71x 6.73x
EV / FCF 0x 0x 0x 0x -0x 121x 23.1x 11.6x
FCF Yield 20.5% 2.58% 0.78% 4.41% -1.01% 0.83% 4.33% 8.59%
Dividend per Share 2 15.33 37.33 40 55.6 60 90.5 120 222
Rate of return 2.67% 3.48% 3.12% 3.95% 1.52% 2.25% 2.98% 5.51%
EPS 2 45.03 138.8 133.3 157.6 170.3 231.3 304.6 437.6
Distribution rate 34.1% 26.9% 30% 35.3% 35.2% 39.1% 39.4% 50.7%
Net sales 1 49,272 61,001 67,556 80,915 88,039 1,08,773 1,26,965 1,53,622
EBITDA 1 6,942 12,734 - 16,806 18,588 27,961 38,453 50,478
EBIT 1 5,050 10,906 11,687 14,135 15,262 20,692 27,250 39,316
Net income 1 2,983 9,198 8,793 10,328 11,173 15,175 19,994 28,716
Net Debt -16,115 -18,389 -18,453 -19,742 -12,690 - - -
Reference price 2 574.67 1,073.33 1,282.00 1,408.00 3,950.00 4,030.00 4,030.00 4,030.00
Nbr of stocks (in thousands) 66,268 66,310 65,736 65,577 65,640 65,639 - -
Announcement Date 12/05/22 11/05/23 09/05/24 14/05/25 13/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.53x - - 2.23% 166.61Cr
34.76x10.56x30.5x0.43% 36TCr
68.75x9.97x53.14x0.13% 7.55TCr
67.94x19.93x86.92x0.12% 5.16TCr
34.9x9.17x23.8x0.5% 4.6TCr
33.81x10.7x22.54x1.19% 3.95TCr
73.96x22.32x84.84x0.14% 2.92TCr
34.37x3.2x9.8x0.45% 2.45TCr
83.33x16.29x78.84x0.3% 2.16TCr
77.58x20.64x73.26x0.18% 1.92TCr
Average 52.69x 13.64x 51.52x 0.57% 6.72TCr
Weighted average by Cap. 45.50x 11.84x 40.85x 0.4%

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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