Company Valuation: Recruit Holdings Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 8,826,247 8,846,811 5,771,525 10,355,096 11,259,197 10,877,920 - -
Change - 0.23% -34.76% 79.42% 8.73% -3.39% - -
Enterprise Value (EV) 1 8,703,929 8,237,911 4,929,525 9,219,696 10,451,583 10,262,019 10,085,549 9,851,976
Change - -5.35% -40.16% 87.03% 13.36% -1.81% -1.72% -2.32%
P/E ratio 67.7x 29.8x 21.7x 29.7x 28.2x 23.4x 20x 17.2x
PBR 8.09x 6.39x 3.54x 5.18x 6.94x 7.53x 6.76x 5.9x
PEG - 0x -3.01x 0.9x 1.4x 1x 1.2x 1.1x
Capitalization / Revenue 3.89x 3.08x 1.68x 3.03x 3.16x 2.97x 2.8x 2.63x
EV / Revenue 3.84x 2.87x 1.44x 2.7x 2.94x 2.8x 2.59x 2.38x
EV / EBITDA 36x 17.2x 9.04x 15.4x 15.4x 13.9x 12.1x 10.5x
EV / EBIT 53.5x 21.7x 14.3x 22.9x 21.3x 16.9x 14.3x 12.3x
EV / FCF 35.3x 22.3x 12.2x 19.8x 19.2x 19.7x 17.9x 15.5x
FCF Yield 2.83% 4.48% 8.23% 5.05% 5.22% 5.08% 5.59% 6.44%
Dividend per Share 2 20 21 22 23 24 27.04 32.01 36.68
Rate of return 0.37% 0.39% 0.6% 0.34% 0.31% 0.35% 0.41% 0.47%
EPS 2 79.83 181.7 168.6 226 271.4 334.2 391.8 455.1
Distribution rate 25.1% 11.6% 13% 10.2% 8.84% 8.09% 8.17% 8.06%
Net sales 1 2,269,346 2,871,705 3,429,519 3,416,492 3,557,478 3,659,251 3,888,561 4,137,135
EBITDA 1 241,658 479,370 545,043 598,397 678,889 737,755 834,535 936,037
EBIT 1 162,823 378,929 344,303 402,526 490,542 607,628 703,919 797,899
Net income 1 131,393 296,833 269,799 353,654 408,504 478,677 546,152 621,998
Net Debt 1 -122,318 -608,900 -842,000 -1,135,400 -807,614 -615,901 -792,371 -1,025,944
Reference price 2 5,401.00 5,414.00 3,650.00 6,707.00 7,657.00 7,822.00 7,822.00 7,822.00
Nbr of stocks (in thousands) 1,634,188 1,634,062 1,581,240 1,543,924 1,470,445 1,390,683 - -
Announcement Date 17/05/21 16/05/22 15/05/23 15/05/24 09/05/25 - - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
23.41x2.8x13.91x0.35% 69.46B
19.05x5.79x12.61x4.62% 33.65B
14.05x2.35x6.49x2.67% 1.97B
17.38x - - 5.87% 1.52B
16.57x4.08x9.7x4.68% 1.02B
12.15x0.79x7.07x4.83% 955M
21.62x2.08x12.2x1.69% 922M
21.07x - - 1.07% 734M
13.91x - - 1.21% 727M
Average 17.69x 2.98x 10.33x 3% 12.33B
Weighted average by Cap. 21.59x 3.71x 13.25x 1.86%

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

  1. Stock Market
  2. Equities
  3. 6098 Stock
  4. Valuation Recruit Holdings Co., Ltd.