Company Valuation: Calbee, Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 305,175 346,148 428,366 349,012 374,126 369,019 - -
Change - 13.43% 23.75% -18.52% 7.2% -1.36% - -
Enterprise Value (EV) 1 248,153 315,830 411,106 328,811 350,615 358,881 363,200 361,254
Change - 27.27% 30.17% -20.02% 6.63% 2.36% 1.2% -0.54%
P/E 17.3x 24.1x 21.5x 16.7x 22x 20.7x 18.6x 17.3x
PBR 1.73x 1.99x 2.23x 1.7x 1.78x 1.68x 1.64x 1.51x
PEG - -1.6x 0.6x 3.37x -1.4x 4.38x 1.6x 2.36x
Capitalization / Revenue 1.24x 1.24x 1.41x 1.08x 1.1x 1x 0.97x 0.94x
EV / Revenue 1.01x 1.13x 1.36x 1.02x 1.03x 0.98x 0.96x 0.92x
EV / EBITDA 6.87x 9.22x 10.3x 7.58x 8.1x 8.07x 7.56x 7.02x
EV / EBIT 9.87x 14.2x 15.1x 11.3x 13.4x 13.5x 12.2x 11.3x
EV / FCF 25.2x -42.6x -37.5x 31.3x 37.4x 49.8x 34.8x 20.9x
FCF Yield 3.96% -2.34% -2.67% 3.19% 2.68% 2.01% 2.87% 4.79%
Dividend per Share 2 52 52 56 58 66 69 72.48 75.88
Rate of return 2.21% 1.88% 1.63% 2.08% 2.14% 2.27% 2.39% 2.5%
EPS 2 136.2 115.2 159.2 167.1 140 146.6 163.4 175.4
Distribution rate 38.2% 45.2% 35.2% 34.7% 47.1% 47.1% 44.3% 43.3%
Net sales 1 245,419 279,315 303,027 322,564 340,151 368,000 378,600 391,720
EBITDA 1 36,143 34,259 39,979 43,362 43,266 44,453 48,049 51,439
EBIT 1 25,135 22,233 27,304 29,066 26,173 26,660 29,783 32,020
Net income 1 18,053 14,772 19,886 20,874 17,329 17,820 19,833 21,200
Net Debt 1 -57,022 -30,318 -17,260 -20,201 -23,511 -10,138 -5,819 -7,765
Reference price 2 2,355.00 2,771.00 3,429.00 2,793.50 3,077.00 3,035.00 3,035.00 3,035.00
Nbr of stocks (in thousands) 129,586 124,918 124,925 124,937 121,588 121,588 - -
Announcement Date 10/05/22 09/05/23 09/05/24 12/05/25 14/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.98x3.01x14.78x3.72% 267B
21.27x2.47x14.55x3.41% 75.95B
19.35x1.96x11.05x3.18% 52.99B
22.82x3.36x13.68x3.17% 36.01B
43.57x3.64x21.55x0.82% 35.86B
12.11x1.94x9.56x6.33% 29.43B
71.25x10.64x45.18x1.07% 29.78B
12.23x0.38x8.68x2.73% 21.11B
Average 27.95x 3.42x 17.38x 3.05% 68.5B
Weighted average by Cap. 24.38x 3.15x 15.90x 3.36%

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