Company Valuation: ORIX Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,273,907 2,853,231 2,496,074 3,798,509 3,503,942 6,778,281 - -
Change - 25.48% -12.52% 52.18% -7.75% 93.45% - -
Enterprise Value (EV) 1 6,046,767 6,765,089 6,982,733 8,813,673 8,464,757 12,081,685 12,074,458 12,172,974
Change - 11.88% 3.22% 26.22% -3.96% 42.73% -0.06% 0.82%
P/E Ratio 12x 9.44x 9.41x 11.1x 10x 11.5x 11.6x 12.8x
PBR 0.75x 0.9x 0.76x 0.96x 0.86x 1.13x 1.38x 1.34x
PEG - 0.1x -0.9x 0.4x 3.25x 0.4x 0.4x -1.35x
Capitalization / Revenue 0.99x 1.13x 0.94x 1.35x 1.22x 1.47x 1.99x 1.92x
EV / Revenue 2.64x 2.68x 2.62x 3.13x 2.94x 3.89x 3.55x 3.45x
EV / EBITDA 23.4x 10.7x 10.5x 12.2x 11.6x 27.7x 26.6x 24.2x
EV / EBIT 23.4x 22.4x 22.2x 24.4x 25.5x 26.7x 23.6x 23.6x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 78 85.6 85.6 98.6 120 156.1 197.4 192.8
Rate of return 4.18% 3.5% 3.93% 2.99% 3.89% 3.39% 3.2% 3.13%
EPS 2 155.5 259.4 231.4 298.6 307.7 400.3 530.4 480.2
Distribution rate 50.1% 33% 37% 33% 39% 39% 37.2% 40.2%
Net sales 1 2,292,708 2,520,365 2,666,373 2,814,361 2,874,821 3,330,831 3,404,600 3,528,670
EBITDA 1 258,814 632,434 667,422 724,955 731,353 861,039 453,734 503,547
EBIT 1 258,814 302,083 313,988 360,713 331,826 456,248 511,941 515,876
Net income 1 192,384 312,135 273,075 346,132 351,630 447,265 560,112 498,578
Net Debt 1 3,772,860 3,911,858 4,486,659 5,015,164 4,960,815 5,303,404 5,296,178 5,394,693
Reference price 2 1,868.00 2,447.50 2,176.50 3,299.00 3,084.00 6,170.00 6,170.00 6,170.00
Nbr of stocks (in thousands) 1,217,295 1,165,774 1,146,829 1,151,412 1,136,168 1,098,587 - -
Announcement Date 13/05/21 11/05/22 10/05/23 08/05/24 12/05/25 11/05/26 - -
1JPY in Million2JPY
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.02x3.87x27.48x2.57% 41.78B
18.34x3.39x9.29x3.12% 62.63B
7.12x - - 2.56% 12.39B
4.56x1.25x - 3.91% 11.41B
10.62x0.75x - 2.11% 8.29B
8.84x - - 5.82% 7.16B
-178.29x3.05x16.88x0.95% 4.64B
15.76x - - - 4.26B
26.08x - - 1.72% 3.96B
60.46x - - - 3.31B
Average -1.15x 2.46x 17.88x 2.85% 15.99B
Weighted average by Cap. 10.08x 3.17x 16.58x 2.96%

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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