Company Valuation: Vertex Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 25,927 34,133 41,856 45,931 97,476 61,305 - -
Change - 31.65% 22.62% 9.73% 112.23% -37.11% - -
Enterprise Value (EV) 17,075 28,420 32,689 32,517 85,447 61,305 61,305 61,305
Change - 66.44% 15.02% -0.53% 162.78% -28.25% 0% 0%
P/E 5.97x 9.19x 11.3x 9.58x 9.5x 14x 11.7x 11.4x
PBR 0.89x 1.09x 1.25x 1.27x 2.21x - - -
PEG - -0.7x 5.31x 0.3x 0x -0.2x 0.6x 4.04x
Capitalization / Revenue 0.69x 0.87x 1.14x 1.18x 2.1x 1.19x 1.11x 1.09x
EV / Revenue 0x 0x 0x 0x 0x 1.19x 1.11x 1.09x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 8.63x 7.86x 7.66x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 13.33 15 20 30 35 40 43.5 44
Rate of return 2.77% 2.32% 2.45% 3.29% 1.77% 3.21% 3.49% 3.53%
EPS 2 80.48 70.43 71.93 95.3 208 89.1 106.3 109.3
Distribution rate 16.6% 21.3% 27.8% 31.5% 16.8% 44.9% 40.9% 40.3%
Net sales 1 37,514 39,095 36,833 38,918 46,519 51,700 55,450 56,500
EBITDA - 6,467 6,799 - - - - -
EBIT 1 6,143 5,560 5,727 6,285 7,058 7,100 7,800 8,000
Net income 1 4,242 3,742 3,728 4,826 10,315 4,767 5,250 5,400
Net Debt -8,852 -5,713 -9,167 -13,414 -12,029 - - -
Reference price 2 480.67 647.00 816.00 913.00 1,976.00 1,245.00 1,245.00 1,245.00
Nbr of stocks (in thousands) 53,940 52,756 51,294 50,307 49,330 49,241 - -
Announcement Date 12/05/22 11/05/23 10/05/24 14/05/25 14/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.05x - - 3.19% 390M
18.12x2.5x9.87x2.83% 44.89B
25.26x3.4x11.9x-.--% 15.08B
13.04x3.52x7.2x5.71% 13.48B
13.59x0.58x2.82x4.59% 12.51B
43.11x3.26x15.78x0.7% 8.48B
22x7.23x13.43x4.38% 7.59B
8.04x1.15x4.48x2.06% 7.5B
13.22x1.44x5.4x3.07% 6.15B
27.22x1.83x9.46x2.61% 5.98B
Average 19.77x 2.77x 8.93x 2.92% 12.2B
Weighted average by Cap. 19.52x 2.70x 9.16x 2.88%

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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