Company Valuation: Taisei Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 713,045 771,360 1,037,992 1,144,867 2,617,131 2,129,714 - -
Change - 8.18% 34.57% 10.3% 128.6% -18.62% - -
Enterprise Value (EV) 1 439,165 558,172 981,809 1,162,137 2,802,275 2,246,615 2,221,103 2,183,972
Change - 27.1% 75.9% 18.37% 141.13% -19.83% -1.14% -1.67%
P/E 10.1x 17x 26x 9.68x 15.7x 12.8x 13x 11.9x
PBR 0.82x 0.93x 1.12x 1.31x 2.76x 2.12x 2.01x 1.86x
PEG - -0.5x -2.5x 0x 0.3x -55.72x -6.32x 1.31x
Capitalization / Revenue 0.46x 0.47x 0.59x 0.53x 1.25x 0.88x 0.86x 0.83x
EV / Revenue 0.28x 0.34x 0.56x 0.54x 1.34x 0.93x 0.89x 0.85x
EV / EBITDA 4.1x 8.43x 24.8x 8.51x 13.7x 10.6x 9.73x 8.91x
EV / EBIT 4.57x 10.2x 37.1x 9.67x 14.9x 11.6x 10.5x 9.43x
EV / FCF 10.3x 34.8x -10x -351x -57.7x 16.7x 14.8x 14.7x
FCF Yield 9.75% 2.87% -10% -0.28% -1.73% 5.97% 6.78% 6.78%
Dividend per Share 2 130 130 130 210 310 418.3 398.6 444
Rate of return 3.68% 3.17% 2.31% 3.18% 1.93% 3.2% 3.05% 3.4%
EPS 2 350.9 241.2 215.8 682.8 1,026 1,023 1,002 1,093
Distribution rate 37% 53.9% 60.3% 30.8% 30.2% 40.9% 39.8% 40.6%
Net sales 1 1,543,240 1,642,712 1,765,023 2,154,223 2,089,091 2,420,694 2,487,123 2,563,700
EBITDA 1 106,984 66,218 39,590 136,551 204,739 212,219 228,158 245,167
EBIT 1 96,077 54,740 26,480 120,160 187,973 194,256 210,548 231,500
Net income 1 71,436 47,124 40,272 123,824 170,004 166,234 160,480 171,640
Net Debt 1 -273,880 -213,188 -56,183 17,270 185,144 116,900 91,389 54,258
Reference price 2 3,535.00 4,095.00 5,620.00 6,609.00 16,055.00 13,065.00 13,065.00 13,065.00
Nbr of stocks (in thousands) 201,710 188,366 184,696 173,229 163,010 163,009 - -
Announcement Date 13/05/22 12/05/23 13/05/24 13/05/25 14/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
12.77x0.93x10.59x3.2% 13.36B
59.37x2.66x25.42x0.07% 100B
13.56x1.14x6.23x4.32% 78.12B
35.69x4.5x24.42x0.19% 60.77B
26.21x2.02x19.9x1.17% 56.76B
53.87x4.61x29x1.55% 47.07B
30.9x0.76x12.55x2% 38.36B
25.07x1.7x15.99x0.19% 35.17B
26.78x0.54x8.38x2.34% 35.16B
4.84x0.3x5.82x5.89% 28.75B
Average 28.91x 1.91x 15.83x 2.09% 49.39B
Weighted average by Cap. 33.47x 2.21x 17.54x 1.77%

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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