Company Valuation: Azbil Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 561,475 482,010 552,561 594,441 687,483 845,734 - -
Change - -14.15% 14.64% 7.58% 15.65% 23.02% - -
Enterprise Value (EV) 1 480,067 410,778 482,035 505,028 597,116 768,817 747,079 738,839
Change - -14.43% 17.35% 4.77% 18.23% 28.75% -2.83% -1.1%
P/E 27.1x 21.5x 18.4x 14.8x 17.9x 22.4x 21.1x 20.1x
PBR 2.8x 2.38x 2.5x 2.51x 2.72x 3.43x 3.23x 3.17x
PEG - 1.9x 0.5x 0.4x -6.34x -24.2x 3.39x 4.12x
Capitalization / Revenue 2.19x 1.73x 1.9x 1.98x 2.3x 2.71x 2.6x 2.52x
EV / Revenue 1.87x 1.48x 1.66x 1.68x 2x 2.46x 2.29x 2.2x
EV / EBITDA 14.5x 11.3x 11.2x 10.5x 11x 12.1x 12.4x 11.4x
EV / EBIT 17x 13.1x 13.1x 12.2x 12.6x 15.4x 14.2x 13.1x
EV / FCF 78.3x 36.9x 19.1x 11x 13.4x 23.3x 22.3x 19.8x
FCF Yield 1.28% 2.71% 5.22% 9.11% 7.45% 4.29% 4.49% 5.06%
Dividend per Share 2 15 16.5 19 24 32 50 41.75 48
Rate of return 1.47% 1.83% 1.81% 2.08% 2.36% 2.98% 2.49% 2.86%
EPS 2 37.7 42.07 57.1 77.96 75.76 75.06 79.73 83.62
Distribution rate 39.8% 39.2% 33.3% 30.8% 42.2% 66.6% 52.4% 57.4%
Net sales 1 256,551 278,406 290,938 300,378 298,930 312,428 325,898 336,246
EBITDA 1 33,078 36,205 42,885 48,200 54,365 63,500 60,067 64,650
EBIT 1 28,231 31,251 36,841 41,486 47,304 49,851 52,768 56,236
Net income 1 20,784 22,602 30,207 40,955 38,565 37,483 39,425 41,405
Net Debt 1 -81,408 -71,232 -70,526 -89,413 -90,367 -76,917 -98,655 -106,895
Reference price 2 1,022.50 902.50 1,048.50 1,151.50 1,354.00 1,680.00 1,680.00 1,680.00
Nbr of stocks (in thousands) 549,119 534,083 527,002 516,232 507,743 503,413 - -
Announcement Date 5/13/22 5/12/23 5/13/24 5/13/25 5/13/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
17.24x2.33x10.29x2.96% 250B
25.08x2.94x15.93x2.12% 233B
28.39x3.68x16.97x1.74% 169B
34.3x5.32x22.68x1.08% 155B
46.39x6.18x26.74x0.95% 152B
54.43x8.73x35.54x0.08% 122B
96.98x13.55x70.23x0.31% 111B
28.01x4.61x16.12x1.62% 76.44B
31.93x6.67x20.78x0.59% 53.02B
Average 40.31x 6.00x 26.14x 1.27% 146.88B
Weighted average by Cap. 36.75x 5.24x 23.61x 1.54%

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