Company Valuation: Takashimaya Company, Limited

Data adjusted to current consolidation scope
Fiscal Period: February 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,87,241 2,99,060 3,55,526 3,73,602 5,79,875 6,73,955 - -
Change - 59.72% 18.88% 5.08% 55.21% 16.22% - -
Enterprise Value (EV) 1 3,98,803 5,12,026 6,06,586 6,24,538 9,15,158 9,12,655 8,73,959 8,64,317
Change - 28.39% 18.47% 2.96% 46.53% -0.27% -4.24% -1.1%
P/E 34.9x 11.2x 11.2x 9.75x -72.1x 16.7x 16.2x 15.5x
PBR 0.47x 0.72x 0.78x 0.79x 1.29x 1.41x 1.33x 1.25x
PEG - 0x 0.6x 0.4x 1x -0x 6.22x 3.07x
Capitalization / Revenue 0.25x 0.67x 0.76x 0.75x 1.18x 1.33x 1.3x 1.28x
EV / Revenue 0.52x 1.15x 1.3x 1.25x 1.86x 1.8x 1.69x 1.64x
EV / EBITDA 11.1x 7.75x 7.54x 6.89x 10.4x 9.77x 9x 8.59x
EV / EBIT 97x 15.7x 13.2x 10.9x 17.1x 15.5x 14.2x 13.5x
EV / FCF -24.8x 19.9x 28.8x 19x 99.2x 67.9x 42.2x 35.5x
FCF Yield -4.03% 5.04% 3.47% 5.25% 1.01% 1.47% 2.37% 2.82%
Dividend per Share 2 12 13 18.5 24.5 34 40.25 43.25 45.75
Rate of return 2.14% 1.37% 1.64% 1.99% 1.72% 1.75% 1.88% 1.99%
EPS 2 16.07 84.89 100.2 126.3 -27.44 138 141.6 148.7
Distribution rate 74.7% 15.3% 18.5% 19.4% -124% 29.2% 30.6% 30.8%
Net sales 1 7,61,124 4,43,443 4,66,134 4,98,491 4,92,370 5,06,925 5,18,209 5,28,209
EBITDA 1 35,778 66,099 80,464 90,702 87,672 93,367 97,106 1,00,658
EBIT 1 4,110 32,519 45,937 57,503 53,516 58,800 61,355 63,794
Net income 1 5,360 27,838 31,620 39,525 -8,194 40,425 41,505 43,569
Net Debt 1 2,11,562 2,12,966 2,51,060 2,50,936 3,35,283 2,38,700 2,00,004 1,90,363
Reference price 2 561.50 948.00 1,127.00 1,231.50 1,979.00 2,300.00 2,300.00 2,300.00
Nbr of stocks (in thousands) 3,33,466 3,15,464 3,15,463 3,03,372 2,93,014 2,93,024 - -
Announcement Date 11/04/22 14/04/23 12/04/24 14/04/25 14/04/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.67x1.8x9.77x1.75% 423.53Cr
17.92x1.36x9.27x3.25% 1.7TCr
72.86x6.51x34.63x0.16% 1.67TCr
13.31x1.22x8.8x5.83% 876.06Cr
14.22x - - 3.62% 752.61Cr
10.16x0.33x4x3.14% 615.77Cr
59.07x3.74x25.54x0.38% 514.48Cr
12.38x0.94x5.6x2.7% 486.05Cr
22.89x2.28x10.67x1.95% 447.42Cr
11.93x1.73x7.52x5.75% 425.76Cr
Average 25.14x 2.21x 12.87x 2.85% 790.67Cr
Weighted average by Cap. 30.27x 2.70x 15.60x 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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