Company Valuation: AS ONE Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 270,685 203,012 190,188 166,033 157,071 166,125 - -
Change - -25% -6.32% -12.7% -5.4% 5.76% - -
Enterprise Value (EV) 1 254,568 190,587 180,606 150,647 141,787 141,607 137,429 134,763
Change - -25.13% -5.24% -16.59% -5.88% -0.13% -2.95% -1.94%
P/E 37.6x 25.6x 25.6x 20.2x 17.2x 18.4x 15.9x 15.2x
PBR 4.09x 3.17x 2.94x 2.49x 2.21x 2.17x 2.04x -
PEG - 1.9x -4.83x 1.9x 1.5x -14.95x 1x 3.44x
Capitalization / Revenue 3.11x 2.22x 1.99x 1.6x 1.42x 1.4x 1.32x 1.25x
EV / Revenue 2.93x 2.08x 1.89x 1.45x 1.28x 1.2x 1.09x 1.02x
EV / EBITDA 23x 14.6x 14.7x 11.2x 9.67x 9.24x 8.15x 7.44x
EV / EBIT 27.3x 16.7x 17.3x 13x 11x 10.9x 9.34x 8.61x
EV / FCF 33.1x 30.1x 39.5x 14.8x 35.5x 12.3x 15.3x 13.9x
FCF Yield 3.02% 3.32% 2.53% 6.74% 2.82% 8.12% 6.55% 7.19%
Dividend per Share 2 48.5 55.5 56 62 65 66 73.25 76.5
Rate of return 1.34% 1.98% 2.11% 2.68% 2.95% 2.83% 3.14% 3.28%
EPS 2 96.34 109.4 103.6 114.9 128.4 126.8 146.8 153.2
Distribution rate 50.3% 50.7% 54% 54% 50.6% 52.1% 49.9% 49.9%
Net sales 1 86,954 91,421 95,536 103,751 110,698 118,445 126,306 132,587
EBITDA 1 11,066 13,042 12,261 13,394 14,664 15,330 16,866 18,119
EBIT 1 9,341 11,396 10,435 11,593 12,838 13,035 14,717 15,653
Net income 1 7,202 8,112 7,500 8,229 9,179 9,035 10,467 11,100
Net Debt 1 -16,117 -12,425 -9,582 -15,386 -15,284 -24,518 -28,695 -31,362
Reference price 2 3,620.00 2,805.00 2,656.00 2,317.50 2,204.00 2,331.00 2,331.00 2,331.00
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.($)
18.39x1.2x9.24x2.83% 1.03B
20.47x0.92x10.86x-.--% 9.85B
13.13x0.24x5.1x2.69% 1.29B
-3.92x0.7x5.27x0.07% 275M
Average 12.02x 0.76x 7.62x 1.4% 3.11B
Weighted average by Cap. 19.00x 0.87x 10.01x 0.51%

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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