Company Valuation: JGC Holdings Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 369,787 394,807 359,897 284,334 549,485 559,763 - -
Change - 6.77% -8.84% -21% 93.25% 1.87% - -
Enterprise Value (EV) 1 153,951 98,627 74,208 -14,478 184,191 186,747 199,627 110,658
Change - -35.94% -24.76% -119.51% 1,372.24% 1.39% 6.9% -44.57%
P/E -10.4x 13.4x -45.9x -713x 13.1x 12.5x 13.4x 12.3x
PBR 0.96x 0.99x 0.93x 0.73x 1.28x 1.22x 1.17x 1.07x
PEG - -0x 0x 7.5x -0x 1.85x -2.16x 1.38x
Capitalization / Revenue 0.86x 0.65x 0.43x 0.33x 0.74x 0.78x 0.72x 0.69x
EV / Revenue 0.36x 0.16x 0.09x -0.02x 0.25x 0.26x 0.26x 0.14x
EV / EBITDA 5.52x 2.21x -7.99x 16.3x 3.94x 3.24x 3.33x 1.51x
EV / EBIT 7.44x 2.69x -3.91x 1.26x 5.2x 4.99x 4.38x 2.15x
EV / FCF 13.3x 1.02x -7.97x -0.46x 2.96x 4.02x 6.12x 6.07x
FCF Yield 7.55% 97.6% -12.5% -216% 33.8% 24.9% 16.3% 16.5%
Dividend per Share 2 15 38 40 40 52 49.5 55.75 63.67
Rate of return 1.02% 2.32% 2.68% 3.4% 2.29% 2.14% 2.41% 2.75%
EPS 2 -140.8 122.3 -32.48 -1.65 173.1 184.8 173.3 188.8
Distribution rate -10.7% 31.1% -123% -2,424% 30% 26.8% 32.2% 33.7%
Net sales 1 428,401 606,890 832,595 858,082 745,280 721,000 775,580 814,150
EBITDA 1 27,890 44,538 -9,293 -890 46,720 57,587 60,018 73,512
EBIT 1 20,688 36,699 -18,995 -11,474 35,399 37,410 45,560 51,400
Net income 1 -35,551 30,665 -7,830 -398 41,842 44,777 41,862 45,422
Net Debt 1 -215,836 -296,180 -285,689 -298,812 -365,294 -373,016 -360,136 -449,105
Reference price 2 1,464.00 1,641.00 1,490.00 1,176.50 2,272.00 2,314.50 2,314.50 2,314.50
Nbr of stocks (in thousands) 252,587 240,589 241,541 241,678 241,851 241,850 - -
Announcement Date 12/05/22 11/05/23 14/05/24 14/05/25 14/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
12.53x0.26x3.24x2.14% 3.56B
56.12x2.59x24.69x0.07% 97.59B
12.25x1.05x5.75x4.77% 70.29B
34.15x4.3x23.32x0.2% 58.29B
26.07x2.01x19.74x1.13% 55.68B
50.74x4.04x25.56x1.91% 39.91B
27.22x0.68x11.26x2.27% 34.06B
23.27x1.59x14.65x0.2% 33.62B
21.79x0.43x6.88x2.79% 29.56B
4.92x0.31x5.78x5.98% 26.22B
Average 26.90x 1.73x 14.09x 2.15% 44.88B
Weighted average by Cap. 31.94x 2.11x 16.79x 1.84%

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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