Company Valuation: SG Holdings Co.,Ltd.

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 817,216 1,611,566 1,468,702 1,235,222 1,190,265 911,900 - -
Change - 97.2% -8.86% -15.9% -3.64% -23.39% - -
Enterprise Value (EV) 1 880,302 1,666,170 1,516,595 1,154,210 1,127,796 1,024,215 1,001,468 1,013,336
Change - 89.27% -8.98% -23.89% -2.29% -9.18% 1.99% 1.19%
P/E ratio 17.3x 21.7x 13.8x 9.82x 20.5x 16.1x 16.5x 15x
PBR 2.13x 4.05x 2.96x 2.23x 2.06x 1.61x 1.72x 1.65x
PEG - 0.4x 0.3x 0.5x -0.4x -249.5x 3.7x 1.58x
Capitalization / Revenue 0.7x 1.23x 0.92x 0.86x 0.9x 0.63x 0.57x 0.54x
EV / Revenue 0.75x 1.27x 0.95x 0.8x 0.86x 0.69x 0.63x 0.6x
EV / EBITDA 8.94x 13.1x 8.15x 6.88x 9.09x 8x 7.4x 7.05x
EV / EBIT 11.7x 16.4x 9.74x 8.53x 12.6x 11.7x 10.9x 9.96x
EV / FCF -111x 34x 41.5x 8.4x 43.6x -10.9x -9.74x 174x
FCF Yield -0.9% 2.94% 2.41% 11.9% 2.29% -9.14% -10.3% 0.57%
Dividend per Share 2 22 35 50 51 51 52 52.9 53.6
Rate of return 1.71% 1.38% 2.16% 2.6% 2.68% 3.48% 3.27% 3.32%
EPS 2 74.45 117 168 199.6 92.98 92.92 98.24 107.5
Distribution rate 29.6% 29.9% 29.8% 25.6% 54.9% 56% 53.8% 49.8%
Net sales 1 1,173,498 1,312,085 1,588,375 1,434,609 1,316,940 1,479,239 1,600,740 1,681,294
EBITDA 1 98,447 127,591 186,057 167,716 124,021 127,976 135,316 143,776
EBIT 1 75,447 101,726 155,713 135,275 89,204 87,847 91,536 101,705
Net income 1 47,292 74,342 106,733 126,511 58,279 58,120 59,554 64,462
Net Debt 1 63,086 54,604 47,893 -81,012 -62,469 88,512 89,567 101,436
Reference price 2 1,286.50 2,537.00 2,312.00 1,960.00 1,903.00 1,616.50 1,616.50 1,616.50
Nbr of stocks (in thousands) 635,225 635,225 635,252 630,215 625,468 564,120 - -
Announcement Date 30/04/20 30/04/21 28/04/22 28/04/23 30/04/24 09/05/25 - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.19x0.67x7.78x3.22% 6.31B
14.5x1.17x8.51x6.6% 84.01B
14.2x0.78x6.66x2.47% 53.5B
13.67x0.77x6.09x4.58% 53.36B
21.21x1.4x14.28x1.31% 15.49B
19.38x2.61x8.36x-.--% 7.91B
21.32x0.69x7.87x-.--% 7.68B
46.86x0.54x8.02x-.--% 4.89B
8.49x0.28x5.81x7.32% 4.54B
27.61x0.32x9.55x2.36% 4.27B
Average 20.44x 0.92x 8.29x 2.79% 24.2B
Weighted average by Cap. 15.90x 0.99x 7.85x 4.2%
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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