Company Valuation: SoftBank Group Corp.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,64,29,269 93,18,638 75,80,684 1,31,36,459 1,07,70,955 2,68,11,318 - -
Change - -43.28% -18.65% 73.29% -18.01% 148.92% - -
Enterprise Value (EV) 1 2,96,01,071 2,63,15,123 1,67,06,885 2,56,89,500 2,50,64,257 4,19,30,029 4,23,67,752 4,23,93,273
Change - -11.1% -36.51% 53.77% -2.43% 67.29% 1.04% 0.06%
P/E ratio 3.56x -5.46x -7.94x -52.4x 9.58x 9.87x 34.6x 36.4x
PBR 1.67x 0.97x 0.88x 1.2x 0.95x 1.92x 1.83x 1.74x
PEG - 0x 0.2x 0.7x -0x 0x -0.5x -7.36x
Capitalization / Revenue 2.92x 1.5x 1.15x 1.94x 1.49x 3.48x 3.28x 3.12x
EV / Revenue 5.26x 4.23x 2.54x 3.8x 3.46x 5.44x 5.18x 4.94x
EV / EBITDA 20.3x 16.8x 10.9x 18.1x 15.7x 25.1x 22.5x 20.1x
EV / EBIT 49.1x 36.9x 26.4x 45.9x 34.3x 17.2x 27.5x 23.4x
EV / FCF -32.5x -89.8x 13x 239x -17.6x -25.3x -34.7x -69.7x
FCF Yield -3.08% -1.11% 7.71% 0.42% -5.7% -3.95% -2.88% -1.43%
Dividend per Share 2 11 11 11 11 11 11 11 11
Rate of return 0.47% 0.79% 0.85% 0.49% 0.59% 0.23% 0.23% 0.23%
EPS 2 654.9 -254.6 -163.1 -42.75 195.2 476.6 135.9 129.2
Distribution rate 1.68% -4.32% -6.74% -25.7% 5.64% 2.31% 8.09% 8.51%
Net sales 1 56,28,167 62,21,534 65,70,439 67,56,500 72,43,752 77,11,623 81,75,916 85,89,480
EBITDA 1 14,54,748 15,66,276 15,26,202 14,18,629 15,96,617 16,67,509 18,81,759 21,04,202
EBIT 1 6,03,432 7,13,852 6,32,714 5,60,009 7,29,794 24,43,495 15,42,780 18,09,422
Net income 1 49,87,962 -17,08,029 -9,70,144 -2,27,646 11,53,332 27,34,018 7,77,829 8,02,848
Net Debt 1 1,31,71,802 1,69,96,485 91,26,201 1,25,53,041 1,42,93,302 1,51,18,711 1,55,56,433 1,55,81,955
Reference price 2 2,332.50 1,389.75 1,295.50 2,240.50 1,869.75 4,705.00 4,705.00 4,705.00
Nbr of stocks (in thousands) 70,43,631 67,05,262 58,51,551 58,63,182 57,60,639 56,98,474 - -
Announcement Date 12/05/21 12/05/22 11/05/23 13/05/24 13/05/25 - - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
9.87x5.44x25.15x0.23% 17TCr
19.92x3.46x9.03x1.81% 22TCr
11.94x2.59x6.94x4.05% 19TCr
13.28x2.17x7.06x3.12% 6.37TCr
15.83x1.4x4.96x3.74% 3.56TCr
22.63x5.8x10.63x4.14% 3.72TCr
8.85x0.38x1.51x7.24% 2.81TCr
20.65x4.03x8.97x5.59% 2.48TCr
14.83x2.09x5.56x4.72% 1.89TCr
46.29x4.39x8.23x1.92% 1.44TCr
Average 18.41x 3.17x 8.80x 3.66% 8.11TCr
Weighted average by Cap. 15.29x 3.49x 11.37x 2.67%

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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