Company Valuation: Ushio Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 2,20,199 1,90,105 1,99,687 1,66,732 2,26,491 2,66,130 - -
Change - -13.67% 5.04% -16.5% 35.84% 17.5% - -
Enterprise Value (EV) 1,45,162 1,31,611 1,62,767 1,39,801 2,26,491 2,66,130 2,66,130 2,66,130
Change - -9.34% 23.67% -14.11% 62.01% 17.5% 0% 0%
P/E 17.5x 14.4x 20.1x 26.3x 29.7x 22.1x 16.7x 14.4x
PBR 0.94x 0.8x 0.84x 0.82x 1.13x 1.14x - -
PEG - 1.4x -1.3x -0.9x 0.8x 0.4x 0.5x 0.9x
Capitalization / Revenue 1.48x 1.09x 1.11x 0.94x 1.26x 1.22x 1.14x 1.08x
EV / Revenue 0x 0x 0x 0x 0x 1.22x 1.14x 1.08x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 17x 12.4x 10.5x
EV / FCF 0x -0x -0x 0x -0x -23.8x 31.9x -
FCF Yield 7.32% -0.16% -2.13% 3.34% -1.86% -4.19% 3.13% -
Dividend per Share 2 50 50 50 70 70 75 85 100
Rate of return 2.74% 3% 2.56% 3.78% 2.49% 2.24% 2.53% 2.98%
EPS 2 104.5 115.7 97.22 70.27 94.88 151.9 200.7 233
Distribution rate 47.8% 43.2% 51.4% 99.6% 73.8% 49.4% 42.3% 42.9%
Net sales 1 1,48,821 1,75,025 1,79,420 1,77,616 1,79,211 2,18,400 2,33,467 2,45,450
EBITDA 20,170 23,645 21,416 16,816 20,719 - - -
EBIT 1 13,068 15,861 12,976 8,825 11,959 15,688 21,467 25,350
Net income 1 12,606 13,699 10,785 6,797 7,995 12,070 15,957 18,550
Net Debt -75,037 -58,494 -36,920 -26,931 - - - -
Reference price 2 1,826.00 1,665.00 1,949.50 1,851.00 2,815.50 3,354.00 3,354.00 3,354.00
Nbr of stocks (in thousands) 1,20,591 1,14,177 1,02,430 90,077 80,444 79,347 - -
Announcement Date 11/05/22 11/05/23 14/05/24 13/05/25 14/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.4x - - 2.31% 163.67Cr
24.03x2.87x15.68x2.14% 22TCr
12.3x1.35x6.36x4.14% 17TCr
24.33x3.2x14.66x1.98% 15TCr
33.05x4.94x20.73x1.19% 14TCr
38.44x5.1x22.93x1.3% 12TCr
30.14x4.32x21.19x0.9% 10TCr
32.98x5.32x18.53x1.37% 9.02TCr
30.94x3.84x20.64x1.1% 8.93TCr
86.67x10.72x61.3x0.36% 8.9TCr
Average 33.43x 4.63x 22.45x 1.68% 11.78TCr
Weighted average by Cap. 31.50x 4.17x 20.14x 1.82%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Ushio Inc.

Historical PBR trend

Valuation ratios - PBR - Ushio Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Ushio Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Ushio Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Ushio Inc.
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