Company Valuation: Lion Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 446,857 430,328 372,218 487,133 456,200 484,443 - -
Change - -3.7% -13.5% 30.87% -6.35% 6.19% - -
Enterprise Value (EV) 1 351,410 361,419 317,033 414,533 396,358 391,627 372,984 346,575
Change - 2.85% -12.28% 30.75% -4.38% -1.19% -4.76% -7.08%
P/E 18.8x 19.7x 25.4x 23x 16.5x 18.9x 18.6x 16.9x
PBR 1.78x 1.63x 1.33x 1.66x 1.41x 1.42x 1.35x 1.27x
PEG - -3.43x -0.8x 0.5x 0.5x -2.6x 9.06x 1.72x
Capitalization / Revenue 1.22x 1.1x 0.92x 1.18x 1.08x 1.12x 1.1x 1.07x
EV / Revenue 0.96x 0.93x 0.79x 1x 0.94x 0.9x 0.85x 0.77x
EV / EBITDA 7.79x 9.06x 8.34x 9.19x 8.04x 6.86x 6.3x 5.53x
EV / EBIT 11.3x 12.5x 15.5x 15.7x 12.9x 11x 10x 8.56x
EV / FCF -19.5x 16.1x -67.1x 11.5x -141x 15x 10.4x 8.97x
FCF Yield -5.12% 6.21% -1.49% 8.68% -0.71% 6.69% 9.63% 11.1%
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% 1.94% 2.06% 2.18%
EPS 2 81.73 77.04 51.42 76.51 99.74 92.48 94.37 103.6
Distribution rate 29.4% 32.5% 50.6% 35.3% 30.1% 36.8% 38.2% 36.8%
Net sales 1 366,200 389,800 402,700 412,943 422,000 434,417 439,577 451,661
EBITDA 1 45,100 39,900 38,000 45,100 49,300 57,057 59,202 62,695
EBIT 1 31,100 28,800 20,500 26,332 30,700 35,542 37,140 40,471
Net income 1 23,700 21,900 14,600 21,197 27,500 25,550 25,959 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 1,751.00 1,751.00 1,751.00
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.($)
18.93x0.9x6.86x1.94% 3.04B
18.14x3.25x11.71x4.09% 45.25B
26.45x4.02x17.1x1.27% 23.14B
19.74x2.44x13.2x5.17% 11.7B
15.6x1.77x10.01x3.63% 5.32B
15.29x1.78x10.58x9.62% 3.6B
36.79x4.53x24.64x - 3.06B
22.5x2.14x15.32x1.95% 779M
Average 21.68x 2.60x 13.68x 3.95% 11.99B
Weighted average by Cap. 20.75x 3.16x 13.34x 3.62%

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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