Company Valuation: Lion Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 446,857 430,328 372,218 487,133 456,200 460,235 - -
Change - -3.7% -13.5% 30.87% -6.35% 0.88% - -
Enterprise Value (EV) 1 351,410 361,419 317,033 414,533 396,358 367,419 348,775 322,367
Change - 2.85% -12.28% 30.75% -4.38% -7.3% -5.07% -7.57%
P/E 18.8x 19.7x 25.4x 23x 16.5x 18x 17.6x 16.1x
PBR 1.78x 1.63x 1.33x 1.66x 1.41x 1.35x 1.28x 1.2x
PEG - -3.43x -0.8x 0.5x 0.5x -2.51x 7.94x 1.69x
Capitalization / Revenue 1.22x 1.1x 0.92x 1.18x 1.08x 1.06x 1.05x 1.02x
EV / Revenue 0.96x 0.93x 0.79x 1x 0.94x 0.85x 0.79x 0.71x
EV / EBITDA 7.79x 9.06x 8.34x 9.19x 8.04x 6.43x 5.88x 5.14x
EV / EBIT 11.3x 12.5x 15.5x 15.7x 12.9x 10.3x 9.28x 7.87x
EV / FCF -19.5x 16.1x -67.1x 11.5x -141x 14x 9.71x 8.34x
FCF Yield -5.12% 6.21% -1.49% 8.68% -0.71% 7.13% 10.3% 12%
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% 2.04% 2.17% 2.3%
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 1,663.50 1,663.50 1,663.50
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
18.11x0.85x6.5x2.03% 2.86B
16.5x3.11x11.18x4.36% 42.31B
25.89x3.95x16.92x1.3% 22.61B
18.88x2.42x13.03x5.28% 11.46B
16.3x1.84x10.31x3.5% 5.52B
14.57x1.8x10.67x9.98% 3.52B
40.02x4.95x27.19x - 3.35B
22.28x2.11x15.09x1.98% 764M
Average 21.57x 2.63x 13.86x 4.06% 11.55B
Weighted average by Cap. 19.96x 3.10x 13.21x 3.77%

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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