Company Valuation: Terumo Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 30,21,411 28,16,528 26,61,180 40,51,918 41,25,351 31,55,179 - -
Change - -6.78% -5.52% 52.26% 1.81% -23.52% - -
Enterprise Value (EV) 1 30,81,210 28,37,273 27,05,795 40,78,883 40,86,151 32,33,446 31,10,629 30,45,517
Change - -7.92% -4.63% 50.75% 0.18% -20.87% -3.8% -2.09%
P/E ratio 39.1x 31.7x 30x 38.2x 35.4x 23.1x 20.1x 17.9x
PBR 3.53x 2.78x 2.4x 3.05x 3.01x 2.12x 1.99x 1.86x
PEG - 2.1x 22.73x 1.9x 3.4x 1.3x 1.4x 1.5x
Capitalization / Revenue 4.92x 4x 3.24x 4.4x 3.98x 2.83x 2.61x 2.47x
EV / Revenue 5.02x 4.03x 3.3x 4.42x 3.94x 2.9x 2.58x 2.38x
EV / EBITDA 20.2x 16.2x 14.4x 18.8x 16.8x 11.8x 10.3x 9.28x
EV / EBIT 31.3x 24.5x 23.1x 29.1x 25.9x 17.4x 14.8x 13x
EV / FCF 69.6x 45x 46.3x 62.9x 32.3x 37.6x 27.4x 22x
FCF Yield 1.44% 2.22% 2.16% 1.59% 3.1% 2.66% 3.64% 4.54%
Dividend per Share 2 14.5 17 20 22 26 29.93 33.72 37.94
Rate of return 0.73% 0.91% 1.12% 0.81% 0.93% 1.4% 1.58% 1.77%
EPS 2 51.16 58.72 59.5 71.5 79.01 92.7 106.5 119.4
Distribution rate 28.3% 28.9% 33.6% 30.8% 32.9% 32.3% 31.7% 31.8%
Net sales 1 6,13,842 7,03,303 8,20,209 9,21,863 10,36,171 11,15,093 12,06,835 12,79,459
EBITDA 1 1,52,318 1,74,842 1,87,570 2,16,841 2,43,117 2,73,562 3,03,079 3,28,205
EBIT 1 98,386 1,15,960 1,17,332 1,40,096 1,57,668 1,85,327 2,10,513 2,34,750
Net income 1 77,268 88,813 89,325 1,06,374 1,16,978 1,36,785 1,56,753 1,75,266
Net Debt 1 59,799 20,745 44,615 26,965 -39,200 78,267 -44,550 -1,09,662
Reference price 2 1,999.50 1,862.00 1,787.00 2,729.00 2,797.00 2,139.00 2,139.00 2,139.00
Nbr of stocks (in thousands) 15,11,083 15,12,636 14,89,189 14,84,763 14,74,920 14,75,072 - -
Announcement Date 12/05/21 12/05/22 15/05/23 14/05/24 14/05/25 - - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.08x2.9x11.82x1.4% 1.98TCr
24.64x3.92x14.77x2.51% 17TCr
21.42x3.76x13.45x3.27% 11TCr
22.53x0.19x12.04x0.75% 6.24TCr
40.19x10.03x27.01x0.96% 6.22TCr
29.43x3.27x11.24x2.5% 4.39TCr
46.56x1.5x13.08x0.22% 3.7TCr
26.23x4.64x15.18x-.--% 2.46TCr
27.64x3.86x14.13x1.09% 2.18TCr
41.76x5.85x18.62x0.52% 1.95TCr
Average 30.35x 3.99x 15.13x 1.32% 5.78TCr
Weighted average by Cap. 27.93x 4.00x 15.18x 1.89%

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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