Company Valuation: Lion Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 446,857 430,328 372,218 487,133 456,200 473,377 - -
Change - -3.7% -13.5% 30.87% -6.35% 3.77% - -
Enterprise Value (EV) 1 351,410 361,419 317,033 414,533 396,358 380,561 361,917 335,509
Change - 2.85% -12.28% 30.75% -4.38% -3.99% -4.9% -7.3%
P/E 18.8x 19.7x 25.4x 23x 16.5x 18.5x 18.1x 16.5x
PBR 1.78x 1.63x 1.33x 1.66x 1.41x 1.39x 1.32x 1.24x
PEG - -3.43x -0.8x 0.5x 0.5x -2.54x 8.82x 1.68x
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 6.67x 6.11x 5.35x
EV / EBIT 11.3x 12.5x 15.5x 15.7x 12.9x 10.7x 9.74x 8.29x
EV / FCF -19.5x 16.1x -67.1x 11.5x -141x 14.5x 10.1x 8.68x
FCF Yield -5.12% 6.21% -1.49% 8.68% -0.71% 6.88% 9.93% 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% 1.99% 2.11% 2.23%
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 1,711.00 1,711.00 1,711.00
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.($)
18.5x0.88x6.67x1.99% 2.92B
16.87x3.17x11.37x4.26% 43.45B
26.49x4.03x17.16x1.26% 23.24B
19.25x2.44x13.19x5.19% 11.65B
16.34x1.84x10.32x3.49% 5.53B
14.79x1.83x10.84x9.83% 3.6B
39.65x4.9x26.9x - 3.31B
22.33x2.11x15.13x1.98% 764M
Average 21.78x 2.65x 13.95x 4% 11.81B
Weighted average by Cap. 20.32x 3.14x 13.37x 3.7%

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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