Company Valuation: Takeda Pharmaceutical Company Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 6,229,971 5,423,454 6,762,204 6,564,378 6,749,675 7,782,280 - -
Change - -12.95% 24.68% -2.93% 2.82% 15.3% - -
Enterprise Value (EV) 1 9,862,522 8,919,170 10,611,015 10,950,330 10,725,175 5,130,461 11,664,032 11,469,778
Change - -9.57% 18.97% 3.2% -2.06% -52.16% -0.49% -1.67%
P/E ratio 16.6x 23.8x 21.3x 45.4x 64.6x 46.4x 35.7x 25.5x
PBR 1.2x 0.95x 1.06x 0.9x 1x 1.15x 1.07x 1.07x
PEG - -0.6x 0.5x -0.8x -2.5x 0.6x 1.6x 0.6x
Capitalization / Revenue 1.95x 1.52x 1.68x 1.54x 1.47x 1.99x 1.68x 1.66x
EV / Revenue 3.08x 2.5x 2.63x 2.57x 2.34x 1.14x 2.53x 2.44x
EV / EBITDA 9.23x 8.54x 9.19x 11.6x 9.71x 4.54x 9.15x 8.31x
EV / EBIT 19.4x 19.4x 21.6x 51.1x 31.3x 12.6x 23.7x 18.9x
EV / FCF 16x 8.92x 28.7x 43.4x 15.5x 8.14x 14x 15.5x
FCF Yield 6.26% 11.2% 3.49% 2.31% 6.43% 12.3% 7.16% 6.46%
Dividend per Share 2 180 180 180 188 196 200 204.8 208.5
Rate of return 4.52% 5.15% 4.14% 4.49% 4.44% 3.53% 4.16% 4.23%
EPS 2 240.7 147.1 204.3 92.09 68.36 122 138.1 193
Distribution rate 74.8% 122% 88.1% 204% 287% 164% 148% 108%
Net sales 1 3,197,812 3,569,006 4,027,478 4,263,762 4,581,600 4,505,700 4,618,997 4,693,583
EBITDA 1 1,068,940 1,043,995 1,154,905 942,077 1,103,982 1,129,888 1,275,055 1,379,935
EBIT 1 509,269 460,844 490,505 214,100 342,600 408,800 491,410 605,757
Net income 1 376,005 230,059 317,017 144,067 107,900 191,800 207,131 311,980
Net Debt 1 3,632,551 3,495,716 3,848,811 4,385,952 3,975,500 -3,817,600 3,881,752 3,687,499
Reference price 2 3,985.00 3,498.00 4,350.00 4,184.00 4,413.00 4,926.00 4,926.00 4,926.00
Nbr of stocks (in thousands) 1,563,355 1,550,444 1,554,530 1,568,924 1,529,498 1,579,838 - -
Announcement Date 11/05/21 11/05/22 11/05/23 09/05/24 08/05/25 13/05/26 - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
43.84x2.59x9.55x4.06% 48.56B
33.11x12.04x24.78x0.6% 1,009B
24.88x5.74x15.6x2.29% 560B
27.82x6.77x13.84x3.02% 401B
17.55x4.34x10.65x3.07% 328B
23.42x4.85x13.81x1.8% 288B
20.62x5.32x12.95x3.06% 272B
12.56x4.71x9.62x4% 194B
22.73x6.08x10.62x2.89% 189B
-46.22x5.58x31.48x2.51% 160B
Average 18.03x 5.80x 15.29x 2.73% 345.02B
Weighted average by Cap. 22.62x 7.37x 17.29x 2.14%

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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