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 50,498 - -
Change - 25.4% -13.31% 4.47% 2.4% -20.6% - -
Enterprise Value (EV) 47,985 61,400 49,951 50,824 51,969 50,498 50,498 50,498
Change - 27.96% -18.65% 1.75% 2.25% -2.83% 0% 0%
P/E 75x 43.9x 19.9x 18.4x 14x 10.7x 9.7x 8.62x
PBR 5.46x 5.71x 4.13x 3.58x 3.05x 2.37x 2.11x 1.87x
PEG - 0x 0.2x 1.5x 0.4x 1.37x 0.99x 0.7x
Capitalization / Revenue 3.02x 2.69x 1.87x 1.75x 1.63x 1.25x 1.16x 1.08x
EV / Revenue 0x 0x 0x 0x 0x 1.25x 1.16x 1.08x
EV / EBITDA 0x 0x 0x - 0x 6.57x 5.92x 5.33x
EV / EBIT 0x 0x 0x 0x 0x 7.27x 6.43x 5.74x
EV / FCF 0x 0x 0x 0x 0x 16x 12x 10.3x
FCF Yield 2.17% 0.49% 5.41% 3.28% 2.48% 6.26% 8.34% 9.72%
Dividend per Share 2 - - - 27 50 51 57 63
Rate of return - - - 2.11% 3.87% 4.82% 5.39% 5.95%
EPS 2 15.47 31.96 61.87 69.59 92.12 99.3 109 122.8
Distribution rate - - - 38.8% 54.3% 51.4% 52.3% 51.3%
Net sales 1 18,101 25,488 31,807 35,528 39,012 40,430 43,565 46,960
EBITDA 1 1,223 2,656 5,036 - 7,414 7,690 8,530 9,470
EBIT 1 1,105 2,415 4,280 5,365 6,465 6,950 7,850 8,800
Net income 1 729.1 1,549 3,025 3,375 4,522 4,735 5,200 5,855
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 1,058.00 1,058.00 1,058.00
Nbr of stocks (in thousands) 47,143 48,878 48,334 48,522 49,185 47,730 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.67x1.37x4.31x6.78% 23TCr
10.89x2.57x6.79x5.71% 21TCr
13.96x2.23x5.74x3.9% 16TCr
13.22x1.79x7.66x3.2% 8.51TCr
13.06x0.93x3.43x5.8% 8.29TCr
11.96x1.82x4.59x2.74% 7.15TCr
15.51x2.71x8.47x5% 5.87TCr
23.62x5.34x19.53x4.54% 5.66TCr
15.78x2.78x6.22x4.4% 5.1TCr
Average 14.41x 2.39x 7.42x 4.67% 11.18TCr
Weighted average by Cap. 13.25x 2.16x 6.48x 5.07%

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