Company Valuation: Daiwa House Industry Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 2,119,873 2,098,244 2,051,729 2,897,122 3,054,570 3,359,757 - -
Change - -1.02% -2.22% 41.2% 5.43% 9.99% - -
Enterprise Value (EV) 1 2,980,533 3,287,091 3,642,146 4,650,722 5,030,448 5,445,457 5,434,495 5,491,141
Change - 10.29% 10.8% 27.69% 8.16% 8.25% -0.2% 1.04%
P/E ratio 10.9x 9.31x 6.64x 9.9x 9.61x 11.5x 10.2x 9.38x
PBR 1.16x 1.04x 0.9x 1.19x 1.17x 1.21x 1.13x 1.04x
PEG - 0.6x 0.2x -3.88x 0.8x -1.36x 0.8x 1.04x
Capitalization / Revenue 0.51x 0.47x 0.42x 0.56x 0.56x 0.6x 0.56x 0.55x
EV / Revenue 0.72x 0.74x 0.74x 0.89x 0.93x 0.97x 0.91x 0.89x
EV / EBITDA 6.84x 6.8x 6.29x 8.34x 7.42x 8.36x 7.95x 7.57x
EV / EBIT 8.35x 8.58x 7.83x 10.6x 9.21x 10.7x 10.3x 9.74x
EV / FCF 73.9x -25.1x -12.7x -572x -69.1x 99.7x 75.4x 69.5x
FCF Yield 1.35% -3.98% -7.9% -0.17% -1.45% 1% 1.33% 1.44%
Dividend per Share 2 116 126 130 143 150 174.6 195.9 212.5
Rate of return 3.58% 3.94% 4.17% 3.16% 3.04% 3.22% 3.61% 3.91%
EPS 2 297.2 343.8 469.1 457.2 514 470.5 530.9 578.9
Distribution rate 39% 36.6% 27.7% 31.3% 29.2% 37.1% 36.9% 36.7%
Net sales 1 4,126,769 4,439,536 4,908,199 5,202,919 5,434,819 5,611,708 5,947,593 6,146,147
EBITDA 1 435,524 483,584 578,834 557,414 678,065 651,333 683,398 725,402
EBIT 1 357,121 383,256 465,370 440,210 546,279 510,660 529,338 564,028
Net income 1 195,076 225,272 308,399 298,752 325,058 290,524 325,399 348,114
Net Debt 1 860,660 1,188,847 1,590,417 1,753,600 1,975,878 2,085,700 2,074,739 2,131,385
Reference price 2 3,241.00 3,201.00 3,114.00 4,528.00 4,938.00 5,430.00 5,430.00 5,430.00
Nbr of stocks (in thousands) 654,080 655,497 658,872 639,824 618,584 618,740 - -
Announcement Date 14/05/21 13/05/22 12/05/23 10/05/24 13/05/25 - - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.66x0.97x8.47x3.17% 21.41B
13.91x1.41x10.32x1.15% 45.55B
11.44x1.48x7.81x0.69% 25.38B
10.23x0.88x9.84x3.96% 14.96B
11.42x1.44x8.2x0.69% 13.94B
14.47x0.84x7.73x4.15% 7.19B
15.83x0.88x6.85x2.87% 7.18B
11.09x0.66x7.65x2.84% 6.87B
8.11x0.95x6.4x - 6.18B
15.41x1.25x9.21x4.32% 6.07B
Average 12.36x 1.08x 8.25x 2.65% 15.47B
Weighted average by Cap. 12.43x 1.20x 8.82x 2.04%
See all sector valuations

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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