Company Valuation: Lion Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 446,857 430,328 372,218 487,133 456,200 474,207 - -
Change - -3.7% -13.5% 30.87% -6.35% 3.95% - -
Enterprise Value (EV) 1 351,410 361,419 317,033 414,533 396,358 381,391 362,747 336,339
Change - 2.85% -12.28% 30.75% -4.38% -3.78% -4.89% -7.28%
P/E 18.8x 19.7x 25.4x 23x 16.5x 18.8x 18.4x 16.8x
PBR 1.78x 1.63x 1.33x 1.66x 1.41x 1.42x 1.34x 1.26x
PEG - -3.43x -0.8x 0.5x 0.5x -2.62x 8.31x 1.77x
Capitalization / Revenue 1.22x 1.1x 0.92x 1.18x 1.08x 1.09x 1.08x 1.05x
EV / Revenue 0.96x 0.93x 0.79x 1x 0.94x 0.88x 0.82x 0.74x
EV / EBITDA 7.79x 9.06x 8.34x 9.19x 8.04x 6.68x 6.11x 5.36x
EV / EBIT 11.3x 12.5x 15.5x 15.7x 12.9x 10.7x 9.65x 8.21x
EV / FCF -19.5x 16.1x -67.1x 11.5x -141x 14.6x 10.1x 8.7x
FCF Yield -5.12% 6.21% -1.49% 8.68% -0.71% 6.87% 9.91% 11.5%
Dividend per Share 2 24 25 26 27 30 34 36.08 38.18
Rate of return 1.56% 1.65% 1.99% 1.53% 1.82% 1.95% 2.07% 2.19%
EPS 2 81.73 77.04 51.42 76.51 99.74 92.59 94.64 103.6
Distribution rate 29.4% 32.5% 50.6% 35.3% 30.1% 36.7% 38.1% 36.8%
Net sales 1 366,200 389,800 402,700 412,943 422,000 434,558 439,710 451,661
EBITDA 1 45,100 39,900 38,000 45,100 49,300 57,117 59,322 62,695
EBIT 1 31,100 28,800 20,500 26,332 30,700 35,539 37,591 40,975
Net income 1 23,700 21,900 14,600 21,197 27,500 25,584 26,034 28,392
Net Debt 1 -95,447 -68,909 -55,185 -72,600 -59,842 -92,816 -111,460 -137,868
Reference price 2 1,537.00 1,514.00 1,308.50 1,762.50 1,649.00 1,742.00 1,742.00 1,742.00
Nbr of stocks (in thousands) 290,733 284,233 284,462 276,388 276,653 276,667 - -
Announcement Date 14/02/22 13/02/23 14/02/24 13/02/25 12/02/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.81x0.9x6.81x1.95% 2.96B
16.81x3.16x11.35x4.28% 42.99B
25.92x4x17.11x1.29% 22.79B
18.53x2.39x12.93x5.33% 11.36B
15.98x1.81x10.15x3.57% 5.41B
15.09x1.87x11.07x9.63% 3.66B
41.18x5.07x28.21x - 3.32B
21.06x1.98x14.17x2.09% 725M
Average 21.67x 2.65x 13.97x 4.02% 11.65B
Weighted average by Cap. 20.10x 3.13x 13.35x 3.73%

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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