Company Valuation: artience Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 107,496 95,370 139,384 160,875 164,076 237,221 - -
Change - -11.28% 46.15% 15.42% 1.99% 44.58% - -
Enterprise Value (EV) 1 122,113 123,696 168,170 178,759 179,596 257,848 303,148 303,148
Change - 1.3% 35.95% 6.3% 0.47% 43.57% 17.57% 0%
P/E 11.4x 10.5x 14.3x 8.95x 16.3x 11x 11.6x 10.6x
PBR 0.49x 0.44x 0.57x 0.61x 0.61x 0.84x 0.79x 0.74x
PEG - 8.35x 2.01x 0.1x -0.4x 0x -2.19x 1.09x
Capitalization / Revenue 0.37x 0.3x 0.43x 0.46x 0.47x 0.64x 0.61x 0.59x
EV / Revenue 0.42x 0.39x 0.52x 0.51x 0.51x 0.69x 0.78x 0.75x
EV / EBITDA - - 6.81x 5.5x 5.27x 7.01x 7.64x 7.07x
EV / EBIT 9.39x 18x 12.6x 8.76x 8.65x 11x 11.6x 10.6x
EV / FCF - -9.57x 41.8x 10.6x 11x 25.3x 24.9x 19.4x
FCF Yield - -10.5% 2.39% 9.39% 9.13% 3.95% 4.02% 5.17%
Dividend per Share 2 90 90 90 100 100 127.5 133.8 143.3
Rate of return 4.68% 5% 3.42% 3.17% 2.91% 2.52% 2.64% 2.83%
EPS 2 169.4 171.5 183.7 352.5 210.5 460.8 436.4 478.7
Distribution rate 53.1% 52.5% 49% 28.4% 47.5% 27.7% 30.7% 29.9%
Net sales 1 287,989 315,927 322,122 351,100 349,979 372,800 387,950 402,200
EBITDA 1 - - 24,711 32,497 34,073 36,800 39,700 42,850
EBIT 1 13,005 6,865 13,372 20,400 20,765 23,400 26,025 28,733
Net income 1 9,492 9,308 9,737 18,500 10,340 21,525 19,875 21,633
Net Debt 1 14,617 28,326 28,786 17,884 15,520 20,627 65,927 65,927
Reference price 2 1,925.00 1,800.00 2,629.00 3,155.00 3,440.00 5,060.00 5,060.00 5,060.00
Nbr of stocks (in thousands) 55,842 52,983 53,018 50,990 47,697 46,882 - -
Announcement Date 2/14/22 2/14/23 2/14/24 2/14/25 2/13/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.98x0.69x7.01x2.52% 1.49B
13.33x - - 4.76% 6.29B
11.82x0.8x7.51x3.18% 3.26B
13.3x - - 2.34% 2.17B
30.89x - - 0.66% 939M
11.13x0.49x6.65x3.73% 819M
Average 15.24x 0.66x 7.05x 2.87% 2.49B
Weighted average by Cap. 13.75x 0.73x 7.25x 3.53%

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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