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 3,024,214 - -
Change - 14.35% 51.67% 174.96% 19.54% 13.65% - -
Enterprise Value (EV) 1 480,931 606,170 827,650 2,156,196 2,647,143 2,943,541 2,891,068 2,834,340
Change - 26.04% 36.54% 160.52% 22.77% 11.2% -1.78% -1.96%
P/E 49.6x 26.8x 22.9x 35.2x 27.2x 23.2x 20.1x 18x
PBR 3.2x 3.13x 3.95x 9.55x 9.8x 8.63x 6.75x 5.43x
PEG - 0x 0.3x 0.4x 0.5x 0.8x 1.3x 1.5x
Capitalization / Revenue 1.16x 1.1x 1.42x 3.28x 3.28x 2.94x 2.64x 2.39x
EV / Revenue 1.19x 1.25x 1.45x 3.18x 3.26x 2.86x 2.52x 2.24x
EV / EBITDA 13.4x 12.1x 11.7x 17.8x 15.7x 13.1x 11.6x 10.4x
EV / EBIT 21.9x 17.8x 15.3x 21.5x 18.6x 15.1x 13.2x 11.6x
EV / FCF 12.3x -16.9x 11.1x 26.8x 33.5x 31x 21.6x 18.7x
FCF Yield 8.1% -5.92% 9.01% 3.73% 2.98% 3.23% 4.64% 5.34%
Dividend per Share 2 6 10 16.25 20 28 40.67 48.08 54
Rate of return 0.94% 1.37% 1.47% 0.64% 0.75% 0.97% 1.15% 1.29%
EPS 2 12.84 27.15 48.13 88.3 138.1 180.7 209 233.3
Distribution rate 46.7% 36.8% 33.8% 22.7% 20.3% 22.5% 23% 23.1%
Net sales 1 404,082 484,601 570,463 678,526 810,916 1,029,942 1,145,904 1,264,946
EBITDA 1 35,996 50,002 70,719 121,353 168,442 223,968 248,508 272,478
EBIT 1 21,945 34,002 54,215 100,111 142,519 194,586 219,801 244,928
Net income 1 9,402 19,887 35,272 63,806 98,719 127,651 145,411 163,356
Net Debt 1 14,175 72,415 18,112 -69,745 -13,738 -80,672 -133,146 -189,874
Reference price 2 637.50 728.50 1,104.50 3,110.00 3,755.00 4,195.00 4,195.00 4,195.00
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.($)
22.53x1.3x15.21x4.18% 57.52B
15.74x1.1x8.21x2.47% 30.07B
23.22x2.81x12.92x0.97% 19.11B
18.93x1.83x9.15x-.--% 9.48B
13.55x0.82x7.64x5.07% 2.11B
7.42x0.37x2.45x7.16% 1.26B
5.56x0.33x1.93x7.87% 1.22B
6.59x1.18x5.42x11.84% 801M
Average 14.19x 1.22x 7.87x 4.94% 15.2B
Weighted average by Cap. 20.09x 1.50x 12.19x 3.06%

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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  5. Valuation ASICS Corporation