Company Valuation: Alpha Systems Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 59,110 57,144 45,982 45,631 47,170 47,942 - -
Change - -3.33% -19.53% -0.76% 3.37% 1.64% - -
Enterprise Value (EV) 34,911 33,103 18,857 21,336 24,296 47,942 47,942 47,942
Change - -5.18% -43.04% 13.15% 13.87% 97.33% 0% 0%
P/E 21.2x 19.6x 15.1x 14.2x 12.6x 13.3x 12.8x 12x
PBR 1.55x 1.44x 1.1x 1.05x 1.04x 1.02x 0.98x 0.95x
PEG - 4.2x 3.49x 2.6x 0.8x -3.31x 3.07x 1.8x
Capitalization / Revenue 1.74x 1.61x 1.26x 1.19x 1.16x 1.13x 1.08x 1.02x
EV / Revenue 0x 0x 0x 0x 0x 1.13x 1.08x 1.02x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 9.31x 8.88x 8.41x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 80 70 100 125 135 140 145 150
Rate of return 1.9% 1.72% 3.05% 3.85% 4.02% 4.1% 4.25% 4.39%
EPS 2 198.6 207.9 216.9 228.8 267.1 256.4 267.1 284.9
Distribution rate 40.3% 33.7% 46.1% 54.6% 50.5% 54.6% 54.3% 52.7%
Net sales 1 33,874 35,548 36,383 38,484 40,722 42,500 44,500 46,800
EBITDA - - - - - - - -
EBIT 1 4,033 4,213 4,348 4,422 4,945 5,150 5,400 5,700
Net income 1 2,788 2,918 3,045 3,211 3,750 3,600 3,750 4,000
Net Debt -24,199 -24,041 -27,125 -24,295 -22,874 - - -
Reference price 2 4,210.00 4,070.00 3,275.00 3,250.00 3,360.00 3,415.00 3,415.00 3,415.00
Nbr of stocks (in thousands) 14,040 14,040 14,040 14,040 14,039 14,039 - -
Announcement Date 5/10/22 5/12/23 5/13/24 5/12/25 5/11/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.32x - - 4.1% 302M
24.54x9.06x14.76x0.81% 3,588B
118.8x51.34x83.33x-.--% 432B
66.45x14.02x29.56x-.--% 87.86B
417.68x17.92x70.83x-.--% 84.61B
147.43x8.65x22.06x-.--% 76.18B
39.64x2x15.94x-.--% 71.99B
125.01x5.14x24.78x-.--% 44.8B
173.64x5.51x21.29x-.--% 43.49B
22.53x4.3x11.86x1.26% 34.67B
Average 114.90x 13.10x 32.71x 0.62% 446.46B
Weighted average by Cap. 46.73x 13.19x 23.04x 0.66%

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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