Company Valuation: United Arrows Ltd.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 60,093 51,890 54,682 54,971 58,337 66,952 - -
Change - -13.65% 5.38% 0.53% 6.12% 14.77% - -
Enterprise Value (EV) 1 69,089 54,097 48,624 48,680 52,700 58,472 56,818 55,615
Change - -21.7% -10.12% 0.12% 8.26% 10.95% -2.83% -2.12%
P/E ratio -8.33x 70.8x 12.6x 11.4x 13.6x 10.9x 10.8x 10.1x
PBR 2.01x 1.73x 1.62x 1.57x 1.54x 1.58x 1.47x 1.36x
PEG - -1x 0x 0.8x -1.2x 0.3x 1.49x 1.59x
Capitalization / Revenue 0.49x 0.44x 0.42x 0.41x 0.39x 0.4x 0.4x 0.39x
EV / Revenue 0.57x 0.46x 0.37x 0.36x 0.35x 0.36x 0.34x 0.32x
EV / EBITDA -16.8x 15.3x 6.13x 5.54x 5x 5.12x 4.03x 4.37x
EV / EBIT -10.4x 32.1x 7.64x 7.22x 6.6x 6.43x 5.65x 5.37x
EV / FCF -8.27x 7.61x 5.4x 13.2x 61.5x 128x 26.9x 26.2x
FCF Yield -12.1% 13.1% 18.5% 7.57% 1.63% 0.78% 3.71% 3.82%
Dividend per Share 2 - 19 47 55 63 89 89.67 96.97
Rate of return - 1.04% 2.45% 2.76% 2.98% 3.69% 3.7% 4%
EPS 2 -252.7 25.71 152.4 175.4 155.1 221.3 225.3 239.6
Distribution rate - 73.9% 30.8% 31.4% 40.6% 40.2% 39.8% 40.5%
Net sales 1 1,21,712 1,18,384 1,30,135 1,34,269 1,50,910 1,64,603 1,67,650 1,73,000
EBITDA 1 -4,110 3,537 7,934 8,793 10,531 12,806 14,100 12,733
EBIT 1 -6,613 1,683 6,362 6,740 7,984 9,126 10,050 10,360
Net income 1 -7,197 732 4,341 4,876 4,282 6,112 6,200 6,580
Net Debt 1 8,996 2,207 -6,058 -6,291 -5,637 -8,479 -10,134 -11,337
Reference price 2 2,106.00 1,821.00 1,919.00 1,992.00 2,113.00 2,424.00 2,424.00 2,424.00
Nbr of stocks (in thousands) 28,534 28,495 28,495 27,596 27,608 27,620 - -
Announcement Date 10/05/21 11/05/22 10/05/23 08/05/24 08/05/25 11/05/26 - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.64x0.36x5.17x3.48% 43Cr
11.52x0.58x5.64x6.08% 62Cr
20.53x - - - 51Cr
Average 14.56x 0.47x 5.41x 4.78% 51.77Cr
Weighted average by Cap. 14.50x 0.49x 5.45x 5.02%

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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