Company Valuation: OSG Corporation

Data adjusted to current consolidation scope
Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 160,712 185,149 176,606 150,871 188,828 308,145 - -
Change - 15.21% -4.61% -14.57% 25.16% 63.19% - -
Enterprise Value (EV) 1 144,566 164,021 147,311 121,902 181,433 298,045 309,445 300,645
Change - 13.46% -10.19% -17.25% 48.83% 64.27% 3.82% -2.84%
P/E 14.6x 11.3x 12.3x 11.8x 13.4x 14.7x 13.2x 12.5x
PBR 1.12x 1.12x 0.97x 0.89x 1.04x 1.64x 1.56x 1.47x
PEG - 0.2x -0.9x -50.33x 0.9x 0.3x 1.2x 2.08x
Capitalization / Revenue 1.27x 1.3x 1.2x 0.97x 1.18x 1.67x 1.56x 1.5x
EV / Revenue 1.15x 1.15x 1x 0.78x 1.13x 1.61x 1.57x 1.46x
EV / EBITDA 5.26x 5.06x 4.64x 3.85x 5.51x 7.16x 6.93x 6.34x
EV / EBIT 8.98x 7.49x 7.44x 6.46x 8.92x 10x 9.46x 8.6x
EV / FCF 4.26x 20.5x 9.96x 9.86x 14.6x 22.9x 20.6x 14.2x
FCF Yield 23.5% 4.88% 10% 10.1% 6.84% 4.36% 4.86% 7.05%
Dividend per Share 2 36 60 60 60 88 121.7 134 146
Rate of return 2.19% 3.1% 3.26% 3.42% 3.83% 3.24% 3.57% 3.89%
EPS 2 112.6 171.5 149.3 148.9 172.1 255.6 283.2 300.2
Distribution rate 32% 35% 40.2% 40.3% 51.1% 47.6% 47.3% 48.6%
Net sales 1 126,156 142,525 147,703 155,517 160,619 184,875 197,400 205,775
EBITDA 1 27,491 32,396 31,740 31,697 32,928 41,600 44,633 47,400
EBIT 1 16,105 21,898 19,800 18,868 20,330 29,725 32,725 34,975
Net income 1 10,989 16,534 14,307 13,439 14,334 21,650 23,550 25,025
Net Debt 1 -16,146 -21,128 -29,295 -28,969 -7,395 -10,100 1,300 -7,500
Reference price 2 1,646.00 1,936.00 1,841.00 1,753.00 2,298.50 3,750.00 3,750.00 3,750.00
Nbr of stocks (in thousands) 97,638 95,635 95,930 86,065 82,153 82,172 - -
Announcement Date 12/01/22 12/01/23 11/01/24 09/01/25 08/01/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.67x1.61x7.16x3.24% 1.95B
31.26x5.45x19.75x0.82% 123B
34.77x5.47x20.73x1.54% 97.02B
45.01x9.13x26.71x-.--% 65.4B
27.72x3.17x18.33x0.75% 60.61B
40.16x6.25x27.57x1.93% 58.17B
28.01x5.18x18.14x2.15% 36.54B
20.86x1.78x12.85x2.25% 30.35B
31.08x4.12x15.58x0.11% 30.48B
21.54x3.75x11.99x1.41% 29.92B
Average 29.51x 4.59x 17.88x 1.42% 53.35B
Weighted average by Cap. 32.72x 5.32x 20.25x 1.14%

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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