Company Valuation: Nipro Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 167,011 166,195 199,874 221,565 253,125 255,379 - -
Change - -0.49% 20.26% 10.85% 14.24% 0.89% - -
Enterprise Value (EV) 1 636,521 672,257 730,303 745,971 796,341 766,212 746,908 721,593
Change - 5.61% 8.63% 2.15% 6.75% -3.78% -2.52% -3.39%
P/E 12.4x 36.3x 18x 43.3x 18.7x 17.5x 12.9x 9.61x
PBR 0.9x 0.81x 0.86x 0.88x 0.92x 0.9x 0.85x 0.8x
PEG - -0.6x 0x -0.8x 0x 2.33x 0.4x 0.3x
Capitalization / Revenue 0.34x 0.3x 0.34x 0.34x 0.38x 0.36x 0.35x 0.34x
EV / Revenue 1.29x 1.23x 1.24x 1.16x 1.21x 1.09x 1.02x 0.95x
EV / EBITDA 9.09x 10.1x 8.99x 8.09x 7.86x 7.31x 6.53x 5.81x
EV / EBIT 26.7x 37.9x 32.7x 28x 21.2x 19.3x 16.2x 13.8x
EV / FCF -62.3x -11x -24x -218x -48.4x 37x 43.8x 31x
FCF Yield -1.61% -9.12% -4.17% -0.46% -2.06% 2.71% 2.28% 3.23%
Dividend per Share 2 27 22 25 25 29 34.25 45.75 56.5
Rate of return 2.64% 2.16% 2.04% 1.84% 1.87% 2.2% 2.94% 3.64%
EPS 2 82.5 28.05 68.12 31.36 82.8 89.01 120.4 161.7
Distribution rate 32.7% 78.4% 36.7% 79.7% 35% 38.5% 38% 34.9%
Net sales 1 494,789 545,199 586,785 644,586 660,538 700,062 728,900 761,413
EBITDA 1 70,046 66,472 81,207 92,246 101,361 104,746 114,343 124,133
EBIT 1 23,882 17,729 22,335 26,598 37,624 39,762 46,102 52,173
Net income 1 13,455 4,574 11,109 5,113 13,504 14,780 19,968 24,166
Net Debt 1 469,510 506,062 530,429 524,406 543,216 510,833 491,529 466,214
Reference price 2 1,024.00 1,019.00 1,225.50 1,358.50 1,552.00 1,553.50 1,553.50 1,553.50
Nbr of stocks (in thousands) 163,097 163,097 163,096 163,096 163,096 164,389 - -
Announcement Date 11/05/22 11/05/23 10/05/24 12/05/25 12/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
17.45x1.09x7.31x2.2% 1.56B
28.57x3.95x15.37x2.57% 175B
18.61x3.27x11.49x3.63% 105B
16.97x0.19x11.99x0.78% 59.35B
31.34x7.61x19.89x1.28% 50.71B
38.12x3.05x10.41x2.52% 42.15B
36.08x1.33x11.7x0.27% 31.82B
28.79x5.12x16.34x-.--% 27.2B
41.9x7.46x26.85x0.25% 25.11B
23.19x3.39x12.2x1.25% 20.53B
Average 28.10x 3.65x 14.36x 1.47% 53.89B
Weighted average by Cap. 27.20x 3.72x 14.50x 2.03%

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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