Company Valuation: AS ONE Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 270,685 203,012 190,188 166,033 157,071 173,537 - -
Change - -25% -6.32% -12.7% -5.4% 10.48% - -
Enterprise Value (EV) 1 254,568 190,587 180,606 150,647 141,787 151,023 144,247 141,001
Change - -25.13% -5.24% -16.59% -5.88% 6.51% -4.49% -2.25%
P/E 37.6x 25.6x 25.6x 20.2x 17.2x 18.3x 16.5x 15.5x
PBR 4.09x 3.17x 2.94x 2.49x 2.21x 2.28x 2.13x 1.99x
PEG - 1.9x -4.83x 1.9x 1.5x 4.78x 1.6x 2.4x
Capitalization / Revenue 3.11x 2.22x 1.99x 1.6x 1.42x 1.46x 1.36x 1.29x
EV / Revenue 2.93x 2.08x 1.89x 1.45x 1.28x 1.27x 1.13x 1.05x
EV / EBITDA 23x 14.6x 14.7x 11.2x 9.67x 9.74x 8.49x 7.69x
EV / EBIT 27.3x 16.7x 17.3x 13x 11x 11.2x 9.78x 8.97x
EV / FCF 33.1x 30.1x 39.5x 14.8x 35.5x 13.9x 16x 14.5x
FCF Yield 3.02% 3.32% 2.53% 6.74% 2.82% 7.18% 6.26% 6.89%
Dividend per Share 2 48.5 55.5 56 62 65 67.25 73.5 78.33
Rate of return 1.34% 1.98% 2.11% 2.68% 2.95% 2.76% 3.02% 3.22%
EPS 2 96.34 109.4 103.6 114.9 128.4 133.3 147.2 156.7
Distribution rate 50.3% 50.7% 54% 54% 50.6% 50.5% 49.9% 50%
Net sales 1 86,954 91,421 95,536 103,751 110,698 118,880 127,459 134,367
EBITDA 1 11,066 13,042 12,261 13,394 14,664 15,499 16,988 18,326
EBIT 1 9,341 11,396 10,435 11,593 12,838 13,463 14,749 15,723
Net income 1 7,202 8,112 7,500 8,229 9,179 9,510 10,497 11,147
Net Debt 1 -16,117 -12,425 -9,582 -15,386 -15,284 -22,514 -29,290 -32,536
Reference price 2 3,620.00 2,805.00 2,656.00 2,317.50 2,204.00 2,435.00 2,435.00 2,435.00
Nbr of stocks (in thousands) 74,775 72,375 71,607 71,643 71,266 71,268 - -
Announcement Date 5/13/22 5/12/23 5/14/24 5/14/25 5/13/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.3x1.27x9.76x2.76% 1.07B
20.32x0.92x10.81x-.--% 9.77B
13.09x0.22x4.75x2.84% 1.3B
-3.68x0.69x5.22x0.07% 258M
Average 12.01x 0.77x 7.63x 1.42% 3.1B
Weighted average by Cap. 18.89x 0.87x 9.97x 0.54%

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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