Company Valuation: ASICS Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 466,756 533,755 809,538 2,225,941 2,660,881 3,194,357 - -
Change - 14.35% 51.67% 174.96% 19.54% 20.05% - -
Enterprise Value (EV) 1 480,931 606,170 827,650 2,156,196 2,647,143 3,029,705 2,996,023 2,907,379
Change - 26.04% 36.54% 160.52% 22.77% 14.45% -1.11% -2.96%
P/E ratio 49.6x 26.8x 22.9x 35.2x 27.2x 26.6x 23.5x 20.4x
PBR 3.2x 3.13x 3.95x 9.55x 9.8x 9.41x 7.53x 6.15x
PEG - 0x 0.3x 0.4x 0.5x 1.2x 1.8x 1.3x
Capitalization / Revenue 1.16x 1.1x 1.42x 3.28x 3.28x 3.29x 2.98x 2.66x
EV / Revenue 1.19x 1.25x 1.45x 3.18x 3.26x 3.12x 2.79x 2.42x
EV / EBITDA 13.4x 12.1x 11.7x 17.8x 15.7x 14.6x 12.9x 11.2x
EV / EBIT 21.9x 17.8x 15.3x 21.5x 18.6x 17x 14.8x 12.7x
EV / FCF 12.3x -16.9x 11.1x 26.8x 33.5x 30.6x 24x 19x
FCF Yield 8.1% -5.92% 9.01% 3.73% 2.98% 3.26% 4.17% 5.25%
Dividend per Share 2 6 10 16.25 20 28 37.92 45.08 52.36
Rate of return 0.94% 1.37% 1.47% 0.64% 0.75% 0.84% 1% 1.16%
EPS 2 12.84 27.15 48.13 88.3 138.1 169.5 191.9 221.4
Distribution rate 46.7% 36.8% 33.8% 22.7% 20.3% 22.4% 23.5% 23.7%
Net sales 1 404,082 484,601 570,463 678,526 810,916 972,329 1,073,012 1,199,333
EBITDA 1 35,996 50,002 70,719 121,353 168,442 207,487 232,055 259,990
EBIT 1 21,945 34,002 54,215 100,111 142,519 178,438 201,916 229,374
Net income 1 9,402 19,887 35,272 63,806 98,719 120,183 134,974 154,569
Net Debt 1 14,175 72,415 18,112 -69,745 -13,738 -164,653 -198,334 -286,978
Reference price 2 637.50 728.50 1,104.50 3,110.00 3,755.00 4,506.00 4,506.00 4,506.00
Nbr of stocks (in thousands) 732,167 732,677 732,945 715,737 708,624 708,912 - -
Announcement Date 10/02/22 10/02/23 09/02/24 14/02/25 13/02/26 - - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.58x3.12x14.6x0.84% 20.13B
27.93x1.4x18.58x3.93% 62.02B
15.59x1.12x8.28x2.59% 29.69B
24.28x2.39x12.11x-.--% 12.33B
12.88x0.85x6.09x6.48% 2.2B
7.95x0.39x2.66x6.45% 1.45B
6.27x0.31x1.81x7.04% 1.35B
19.58x0.42x6.22x1.07% 180M
Average 17.63x 1.25x 8.79x 3.55% 16.17B
Weighted average by Cap. 23.82x 1.67x 14.40x 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

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  4. Valuation ASICS Corporation