Company Valuation: TYK Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 14,703 13,002 14,597 21,002 21,507 24,526
Change - -11.57% 12.26% 43.89% 2.4% 14.04%
Enterprise Value (EV) 1 5,538 3,920 5,501 9,571 9,008 10,538
Change - -29.21% 40.32% 74.01% -5.88% 16.98%
P/E 11.5x 7.5x 6.91x 8.83x 6.87x 6.56x
PBR 0.49x 0.41x 0.43x 0.54x 0.53x 0.52x
PEG - 0.2x 0.3x 0.7x 0.2x 0.3x
Capitalization / Revenue 0.64x 0.5x 0.51x 0.7x 0.67x 0.78x
EV / Revenue 0.24x 0.15x 0.19x 0.32x 0.28x 0.33x
EV / EBITDA 1.73x 0.93x 1.29x 2.27x 1.63x 2.3x
EV / EBIT 2.65x 1.27x 1.71x 3.01x 2x 3.06x
EV / FCF 2.18x -27.8x 23.8x 4.26x 6.13x 10.6x
FCF Yield 45.9% -3.59% 4.21% 23.5% 16.3% 9.45%
Dividend per Share 2 6 8 12 16.2 21.2 25.3
Rate of return 1.79% 2.72% 3.64% 3.42% 4.37% 4.58%
EPS 2 29.08 39.18 47.79 53.67 70.57 84.18
Distribution rate 20.6% 20.4% 25.1% 30.2% 30% 30.1%
Net sales 1 22,914 25,907 28,680 30,011 31,933 31,484
EBITDA 1 3,202 4,230 4,265 4,225 5,530 4,576
EBIT 1 2,086 3,093 3,209 3,182 4,504 3,442
Net income 1 1,284 1,732 2,115 2,378 3,130 3,740
Net Debt 1 -9,165 -9,082 -9,096 -11,431 -12,499 -13,988
Reference price 2 335.00 294.00 330.00 474.00 485.00 552.00
Nbr of stocks (in thousands) 43,889 44,225 44,232 44,309 44,345 44,432
Announcement Date 29/06/21 29/06/22 29/06/23 27/06/24 27/06/25 25/06/26
1JPY in Million2JPY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 194M
34.65x3.58x18.32x0.88% 35.57B
30.63x4.82x16.07x0.76% 35.77B
12.63x1.5x6.93x2.43% 32.68B
31.53x5.06x15.33x0.64% 32.13B
19.06x2.29x9.09x1.14% 24.91B
22.04x6.38x13.19x2.14% 24.82B
75.67x4.71x72.94x0.3% 23.45B
11.49x1.22x5.98x0.9% 16.09B
37.2x2.38x14.38x0.51% 10.78B
Average 30.54x 3.55x 19.14x 1.08% 23.64B
Weighted average by Cap. 30.21x 3.74x 18.89x 1.13%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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