Company Valuation: KOSÉ Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 1,004,041 744,501 822,717 603,383 409,669 302,038 - -
Change - -25.85% 10.51% -26.66% -32.1% -26.27% - -
Enterprise Value (EV) 1 908,138 640,636 716,164 568,383 306,921 200,439 196,364 188,877
Change - -29.46% 11.79% -20.64% -46% -34.69% -2.03% -3.81%
P/E ratio 37.6x 55.8x 43.8x 51.7x 54.5x 23.9x 22.2x 19.9x
PBR 4.49x 3.52x 3.18x 2.27x 1.5x 1.1x 1.1x 1.08x
PEG - -1.1x 1.1x -1.4x -1.5x 0.4x 2.74x 1.7x
Capitalization / Revenue 3.06x 3.31x 2.85x 2.01x 1.27x 0.92x 0.89x 0.86x
EV / Revenue 2.77x 2.85x 2.48x 1.89x 0.95x 0.61x 0.58x 0.54x
EV / EBITDA 18.2x 23.5x 21.8x 21.4x 11.4x 6.91x 5.98x 5.26x
EV / EBIT 22.6x 34x 32.4x 35.6x 17.7x 11x 9.6x 8.3x
EV / FCF 50.2x 49x 51.3x 29.6x 32.5x 26.8x 16x 12.2x
FCF Yield 1.99% 2.04% 1.95% 3.38% 3.08% 3.74% 6.23% 8.22%
Dividend per Share 2 190 120 140 140 140 140 144.2 148.3
Rate of return 1.08% 0.92% 0.97% 1.32% 1.95% 2.65% 2.72% 2.8%
EPS 2 467.8 233.9 329 204.4 131.6 221 238.9 266.3
Distribution rate 40.6% 51.3% 42.5% 68.5% 106% 63.3% 60.3% 55.7%
Net sales 1 327,724 224,983 289,136 300,406 322,700 329,324 339,523 351,686
EBITDA 1 49,864 27,279 32,822 26,567 27,000 29,008 32,862 35,886
EBIT 1 40,231 18,852 22,120 15,985 17,300 18,305 20,463 22,764
Net income 1 26,682 13,341 18,771 11,663 7,500 12,613 13,633 15,199
Net Debt 1 -95,903 -103,865 -106,553 -35,000 -102,748 -101,599 -105,673 -113,161
Reference price 2 17,600.00 13,050.00 14,420.00 10,575.00 7,179.00 5,292.00 5,292.00 5,292.00
Nbr of stocks (in thousands) 57,048 57,050 57,054 57,058 57,065 57,074 - -
Announcement Date 30/04/20 14/02/22 13/02/23 13/02/24 12/02/25 - - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.94x0.61x6.91x2.65% 1.93B
29.96x4.51x18.79x1.92% 230B
100.11x9.75x42.82x0.14% 49.61B
23.72x1.63x10.83x2.43% 18.33B
-23.1x1.22x12.72x1.76% 5.8B
26.2x1.65x10.84x1.11% 5.15B
52.36x3.35x17.29x-.--% 4.69B
27.62x3.55x22.27x2.46% 4.37B
16.74x2x10.72x2.26% 3.79B
13.47x1.06x6.25x0.02% 2.95B
Average 29.10x 2.93x 15.94x 1.48% 32.69B
Weighted average by Cap. 39.21x 4.93x 21.51x 1.64%
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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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