Company Valuation: Vision Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 54,686 68,576 59,450 62,108 63,597 49,333 - -
Change - 25.4% -13.31% 4.47% 2.4% -22.43% - -
Enterprise Value (EV) 47,985 61,400 49,951 50,824 51,969 49,333 49,333 49,333
Change - 27.96% -18.65% 1.75% 2.25% -5.07% 0% 0%
P/E 75x 43.9x 19.9x 18.4x 14x 9.86x 8.98x 8.23x
PBR 5.46x 5.71x 4.13x 3.58x 3.05x 2.17x 1.92x -
PEG - 0x 0.2x 1.5x 0.4x 1x 0.91x 0.9x
Capitalization / Revenue 3.02x 2.69x 1.87x 1.75x 1.63x 1.21x 1.13x 1.05x
EV / Revenue 0x 0x 0x 0x 0x 1.21x 1.13x 1.05x
EV / EBITDA 0x 0x 0x - 0x 5.8x 5.25x -
EV / EBIT 0x 0x 0x 0x 0x 6.64x 5.96x 5.36x
EV / FCF 0x 0x 0x 0x 0x 9.71x 8.56x -
FCF Yield 2.17% 0.49% 5.41% 3.28% 2.48% 10.3% 11.7% -
Dividend per Share 2 - - - 27 50 51 59 66
Rate of return - - - 2.11% 3.87% 5.09% 5.89% 6.59%
EPS 2 15.47 31.96 61.87 69.59 92.12 101.5 111.5 121.7
Distribution rate - - - 38.8% 54.3% 50.2% 52.9% 54.2%
Net sales 1 18,101 25,488 31,807 35,528 39,012 40,800 43,600 47,100
EBITDA 1 1,223 2,656 5,036 - 7,414 8,510 9,400 -
EBIT 1 1,105 2,415 4,280 5,365 6,465 7,425 8,275 9,200
Net income 1 729.1 1,549 3,025 3,375 4,522 5,050 5,490 6,000
Net Debt -6,701 -7,176 -9,499 -11,284 -11,628 - - -
Reference price 2 1,160.00 1,403.00 1,230.00 1,280.00 1,293.00 1,001.00 1,001.00 1,001.00
Nbr of stocks (in thousands) 47,143 48,878 48,334 48,522 49,185 49,284 - -
Announcement Date 14/02/22 14/02/23 13/02/24 13/02/25 13/02/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.92x1.26x3.9x7.34% 21TCr
8.82x2.34x6.26x6.64% 18TCr
12.51x2.06x5.41x4.5% 14TCr
12.66x2x5.04x2.46% 7.71TCr
11.61x1.73x7.38x3.7% 7.4TCr
11.45x0.73x2.73x7.04% 6.96TCr
15.44x2.69x8.43x5.1% 5.75TCr
24x5.41x19.75x4.46% 5.65TCr
16.16x1.8x5.63x4.96% 4.83TCr
Average 13.73x 2.22x 7.17x 5.13% 10.15TCr
Weighted average by Cap. 12.37x 2.03x 6.23x 5.6%

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