Valuation Japan Tobacco Inc.

Equities

2914

JP3726800000

Tobacco

Market Closed - Japan Exchange Other stock markets 06:30:00 22/01/2026 GMT			5-day change	1st Jan Change
5,681.00 ^JPY	-1.06%		-2.47%	+0.73%

12-29	Japan's Nikkei falls as tech stocks track Wall Street lower	RE
12-18	Italy raids illegal tobacco factory, seizes 27 tonnes of cigarettes	RE

Company Valuation: Japan Tobacco Inc.

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	3,729,458	4,121,325	4,722,880	6,470,988	7,244,406	10,085,978	10,085,978	-
Change	-	10.51%	14.6%	37.01%	11.95%	39.22%	0%	-
Enterprise Value (EV) ¹	4,208,419	4,318,216	4,814,306	6,573,041	7,707,959	10,721,345	10,643,621	10,552,562
Change	-	2.61%	11.49%	36.53%	17.27%	39.09%	-0.72%	-0.86%
P/E ratio	12x	12.2x	10.7x	13.4x	15.6x	18.1x	16.1x	14.7x
PBR	1.48x	1.47x	1.33x	1.69x	1.92x	2.52x	2.41x	2.3x
PEG	-	1.34x	0.3x	1.5x	-3.96x	0.9x	1.3x	1.53x
Capitalization / Revenue	1.78x	1.77x	1.78x	2.28x	2.3x	2.93x	2.75x	2.63x
EV / Revenue	2.01x	1.86x	1.81x	2.31x	2.45x	3.11x	2.91x	2.75x
EV / EBITDA	6.49x	6.29x	5.64x	7.71x	8.79x	10.4x	9.62x	9.03x
EV / EBIT	8.97x	8.65x	7.37x	9.78x	11.1x	12.7x	11.5x	10.5x
EV / FCF	10.2x	8.61x	12.6x	14.9x	16.1x	23x	16.9x	15.2x
FCF Yield	9.77%	11.6%	7.93%	6.72%	6.22%	4.35%	5.93%	6.6%
Dividend per Share ²	154	140	188	194	194	229.2	255.9	279.4
Rate of return	7.33%	6.03%	7.07%	5.32%	4.75%	4.04%	4.5%	4.92%
EPS ²	174.9	190.8	249.4	271.7	261	313.3	352.1	385.8
Distribution rate	88.1%	73.4%	75.4%	71.4%	74.3%	73.2%	72.7%	72.4%
Net sales ¹	2,092,561	2,324,838	2,657,832	2,841,077	3,149,759	3,444,319	3,661,649	3,830,607
EBITDA ¹	648,708	686,078	853,226	852,062	877,040	1,029,188	1,105,935	1,168,312
EBIT ¹	469,054	499,021	653,575	672,410	697,203	844,650	928,770	1,001,405
Net income ¹	310,253	338,490	442,716	482,288	463,369	554,705	623,471	682,691
Net Debt ¹	478,961	196,891	91,426	102,053	463,553	635,367	557,643	466,584
Reference price ²	2,102.00	2,322.50	2,661.00	3,645.00	4,080.00	5,681.00	5,681.00	5,681.00
Nbr of stocks (in thousands)	1,774,243	1,774,521	1,774,851	1,775,305	1,775,590	1,775,388	1,775,388	-
Announcement Date	09/02/21	14/02/22	14/02/23	13/02/24	13/02/25	-	-	-

¹JPY in Million²JPY

Estimates

P/E ratio, Detailed evolution

Sector Comparison:

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
JAPAN TOBACCO INC.	18.33x	3.14x	10.52x	3.99%	64.47B
ALTRIA GROUP, INC.	12.54x	6.19x	9.88x	6.84%	103B
ITC LIMITED	19.73x	4.94x	14.7x	4.6%	44.42B
KT&G CORPORATION	15.72x	2.25x	9.02x	4.19%	10.21B
PT HANJAYA MANDALA SAMPOERNA TBK	14.14x	0.74x	9.3x	7.22%	5.35B
RLX TECHNOLOGY INC.	19.49x	0.95x	6.79x	0.55%	2.75B
EASTERN COMPANY S.A.E	9.98x	2.12x	7.17x	8.02%	2.37B
PT GUDANG GARAM TBK	33.88x	0.32x	4.93x	2.5%	1.81B
BRITISH AMERICAN TOBACCO BANGLADESH COMPANY LIMITED	10.73x	-	-	10.73%	1.17B
Average	17.17x	2.58x	9.04x	5.4%	26.12B
Weighted average by Cap.	15.87x	4.67x	10.82x	5.45%