Company Valuation: ASICS Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 466,756 533,755 809,538 2,225,941 2,660,881 3,649,473 - -
Change - 14.35% 51.67% 174.96% 19.54% 37.15% - -
Enterprise Value (EV) 1 480,931 606,170 827,650 2,156,196 2,647,143 3,515,127 3,497,257 3,440,899
Change - 26.04% 36.54% 160.52% 22.77% 32.79% -0.51% -1.61%
P/E 49.6x 26.8x 22.9x 35.2x 27.2x 28.8x 25.5x 22.5x
PBR 3.2x 3.13x 3.95x 9.55x 9.8x 9.83x 8.26x 6.72x
PEG - 0x 0.3x 0.4x 0.5x 1x 2x 1.7x
Capitalization / Revenue 1.16x 1.1x 1.42x 3.28x 3.28x 3.6x 3.25x 2.95x
EV / Revenue 1.19x 1.25x 1.45x 3.18x 3.26x 3.47x 3.11x 2.78x
EV / EBITDA 13.4x 12.1x 11.7x 17.8x 15.7x 16x 14.5x 13x
EV / EBIT 21.9x 17.8x 15.3x 21.5x 18.6x 18.4x 16.4x 14.5x
EV / FCF 12.3x -16.9x 11.1x 26.8x 33.5x 32.2x 26.1x 23x
FCF Yield 8.1% -5.92% 9.01% 3.73% 2.98% 3.11% 3.83% 4.35%
Dividend per Share 2 6 10 16.25 20 28 40.09 47.25 53.27
Rate of return 0.94% 1.37% 1.47% 0.64% 0.75% 0.78% 0.92% 1.03%
EPS 2 12.84 27.15 48.13 88.3 138.1 178.9 202.2 228.4
Distribution rate 46.7% 36.8% 33.8% 22.7% 20.3% 22.4% 23.4% 23.3%
Net sales 1 404,082 484,601 570,463 678,526 810,916 1,013,961 1,123,199 1,236,268
EBITDA 1 35,996 50,002 70,719 121,353 168,442 220,173 240,389 264,494
EBIT 1 21,945 34,002 54,215 100,111 142,519 190,555 212,754 237,791
Net income 1 9,402 19,887 35,272 63,806 98,719 127,512 142,035 159,710
Net Debt 1 14,175 72,415 18,112 -69,745 -13,738 -134,347 -152,217 -208,574
Reference price 2 637.50 728.50 1,104.50 3,110.00 3,755.00 5,148.00 5,148.00 5,148.00
Nbr of stocks (in thousands) 732,167 732,677 732,945 715,737 708,624 708,911 - -
Announcement Date 10/02/22 10/02/23 09/02/24 14/02/25 13/02/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.66x1.36x15.93x4.1% 60.42B
16.76x1.16x8.64x2.33% 31.74B
29.77x3.58x16.61x0.74% 23.53B
21.69x2.15x10.78x-.--% 10.77B
14.4x0.83x6.77x5.38% 2.14B
5.92x0.32x1.89x7.5% 1.3B
6.99x0.31x2.03x7.36% 1.24B
6.91x1.23x5.65x11.3% 818M
Average 15.76x 1.37x 8.54x 4.84% 16.49B
Weighted average by Cap. 22.34x 1.74x 13.40x 2.87%

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