Company Valuation: SG Holdings Co.,Ltd.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,611,566 1,468,702 1,235,222 1,190,265 935,703 858,994 - -
Change - -8.86% -15.9% -3.64% -21.39% -8.2% - -
Enterprise Value (EV) 1 1,666,170 1,516,595 1,154,210 1,127,796 1,024,215 1,105,469 1,113,341 1,120,908
Change - -8.98% -23.89% -2.29% -9.18% 7.93% 0.71% 0.68%
P/E ratio 21.7x 13.8x 9.82x 20.5x 16.1x 15.1x 14.1x 12.8x
PBR 4.05x 2.96x 2.23x 2.06x 1.61x 1.62x 1.53x 1.44x
PEG - 0.3x 0.5x -0.4x -249.5x 2.67x 3.58x 1.2x
Capitalization / Revenue 1.23x 0.92x 0.86x 0.9x 0.63x 0.54x 0.5x 0.48x
EV / Revenue 1.27x 0.95x 0.8x 0.86x 0.69x 0.67x 0.65x 0.63x
EV / EBITDA 13.1x 8.15x 6.88x 9.09x 7.79x 7.92x 7.5x 7.14x
EV / EBIT 16.4x 9.74x 8.53x 12.6x 11.7x 12.1x 11.7x 11x
EV / FCF 34x 41.5x 8.4x 43.6x -10.9x -5.82x 21.5x 20.7x
FCF Yield 2.94% 2.41% 11.9% 2.29% -9.14% -12.9% 4.65% 4.83%
Dividend per Share 2 35 50 51 51 52 53 54 55.11
Rate of return 1.38% 2.16% 2.6% 2.68% 3.48% 3.58% 3.75% 3.83%
EPS 2 117 168 199.6 92.98 92.92 98.17 102.1 112.8
Distribution rate 29.9% 29.8% 25.6% 54.9% 56% 54% 52.9% 48.9%
Net sales 1 1,312,085 1,588,375 1,434,609 1,316,940 1,479,239 1,644,762 1,720,272 1,784,206
EBITDA 1 127,591 186,057 167,716 124,021 131,400 139,598 148,521 156,993
EBIT 1 101,726 155,713 135,275 89,204 87,847 90,247 95,371 102,114
Net income 1 74,342 106,733 126,511 58,279 58,120 59,066 61,183 66,378
Net Debt 1 54,604 47,893 -81,012 -62,469 88,512 246,475 254,346 261,913
Reference price 2 2,537.00 2,312.00 1,960.00 1,903.00 1,496.00 1,439.50 1,439.50 1,439.50
Nbr of stocks (in thousands) 635,225 635,252 630,215 625,468 625,470 596,731 - -
Announcement Date 30/04/21 28/04/22 28/04/23 30/04/24 09/05/25 08/05/26 - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.66x0.67x7.92x3.68% 5.43B
21.96x1.12x9.63x1.52% 90.67B
13.9x1.15x8.34x6.67% 83.66B
14.81x0.91x6.83x4.07% 62.14B
22.62x1.63x15.55x1.02% 20.09B
20.44x0.67x7.66x-.--% 10.59B
25.8x2.39x8.83x-.--% 8.9B
9.79x0.31x6x5.53% 6.01B
26.94x0.54x7.89x-.--% 5.74B
Average 18.99x 1.04x 8.74x 2.5% 32.58B
Weighted average by Cap. 17.96x 1.10x 8.84x 3.48%

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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