Company Valuation: Espec Corp.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 44,026 44,429 66,589 52,005 64,103 82,169 - -
Change - 0.91% 49.88% -21.9% 23.27% 28.18% - -
Enterprise Value (EV) 28,221 30,422 55,023 39,363 50,018 82,169 82,169 82,169
Change - 7.8% 80.86% -28.46% 27.07% 64.28% 0% 0%
P/E 23.2x 13.5x 13.4x 8.66x 11x 13.5x 12.3x 10.9x
PBR 0.97x 0.95x 1.26x 0.92x 1.03x 1.26x 1.19x 1.11x
PEG - 0.2x 0.3x 0.4x -6.6x 1.98x 1.34x 0.9x
Capitalization / Revenue 1.05x 0.84x 1.07x 0.77x 0.92x 1.11x 1.06x 1x
EV / Revenue 0x 0x 0x 0x 0x 1.11x 1.06x 1x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 9.9x 8.9x 7.87x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 60 69 75 95 115 116 126.4 139.5
Rate of return 3.05% 3.39% 2.46% 3.99% 3.87% 2.98% 3.25% 3.59%
EPS 2 84.89 150.3 227.6 275 270.4 288.8 315.3 355.4
Distribution rate 70.7% 45.9% 33% 34.5% 42.5% 40.2% 40.1% 39.3%
Net sales 1 41,852 52,892 62,126 67,288 70,034 73,840 77,417 82,035
EBITDA 3,266 5,705 8,105 9,249 9,044 - - -
EBIT 1 1,968 4,366 6,585 7,526 7,084 8,300 9,237 10,445
Net income 1 1,905 3,330 4,969 6,003 5,879 6,047 6,683 7,550
Net Debt -15,805 -14,007 -11,566 -12,642 -14,085 - - -
Reference price 2 1,968.00 2,035.00 3,050.00 2,382.00 2,973.00 3,890.00 3,890.00 3,890.00
Nbr of stocks (in thousands) 22,371 21,832 21,832 21,832 21,562 21,123 - -
Announcement Date 13/05/22 12/05/23 15/05/24 15/05/25 14/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.87x - - 2.9% 548M
40.39x7.77x22.61x-.--% 55.71B
27.6x4.07x14.53x0.38% 17.6B
436.32x - - - 16.48B
38.43x8.77x28.62x0.55% 10.47B
175.26x13.01x69.12x-.--% 8.21B
7.63x - - 7.2% 7.1B
47.21x5.36x21.64x - 7.1B
29.77x3.4x16.54x0.32% 7.02B
Average 90.72x 7.06x 28.84x 1.62% 14.47B
Weighted average by Cap. 95.00x 7.21x 24.99x 0.63%

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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