Company Valuation: BALMUDA Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 37,902 34,803 21,819 11,142 7,084 5,796
Change - -8.18% -37.31% -48.94% -36.42% -18.18%
Enterprise Value (EV) 1 34,596 35,226 21,987 11,417 6,167 5,892
Change - 1.82% -37.58% -48.07% -45.99% -4.46%
P/E 39.2x 34.9x 7,270x -5.37x 106x -3.62x
PBR 7.96x 5.53x 3.46x 2.61x 1.63x 2.06x
PEG - -8.84x -72.9x 0x -1x 0x
Capitalization / Revenue 3.01x 1.89x 1.24x 0.86x 0.57x 0.57x
EV / Revenue 2.75x 1.92x 1.25x 0.88x 0.49x 0.58x
EV / EBITDA 22x 19x 35.5x -12.9x 15x -11.4x
EV / EBIT 26.2x 23.2x 293x -8.26x 474x -6.8x
EV / FCF 29.8x -8.34x 63.9x 25.9x 5.89x -229x
FCF Yield 3.36% -12% 1.56% 3.86% 17% -0.44%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 124.9 119.9 0.358 -245.6 7.91 -187.7
Distribution rate - - - - - -
Net sales 1 12,587 18,379 17,595 13,011 12,462 10,115
EBITDA 1 1,570 1,852 619 -886 412 -518
EBIT 1 1,318 1,518 75 -1,383 13 -866
Net income 1 834 1,015 3 -2,071 67 -1,596
Net Debt 1 -3,306 423 168 275 -917 96
Reference price 2 4,900.00 4,180.00 2,603.00 1,320.00 837.00 680.00
Nbr of stocks (in thousands) 7,735 8,326 8,382 8,441 8,463 8,523
Announcement Date 3/25/21 3/24/22 3/24/23 3/25/24 3/28/25 3/25/26
1JPY in Million2JPY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 30.9M
14.25x1.38x11.71x5.15% 104B
8.02x1.21x5.67x7.09% 33.33B
10.19x0.51x5.08x5.66% 26.9B
31.09x3.44x18.91x1.03% 26.62B
50.74x3.93x34.52x0.66% 12.21B
25.7x4.89x16.96x2.85% 7.86B
17.69x1.41x8.27x2.37% 7.3B
10.89x1.74x6.91x3.05% 5.71B
16.65x1.41x12.44x5.29% 5.19B
Average 20.58x 2.21x 13.39x 3.68% 22.93B
Weighted average by Cap. 17.24x 1.76x 12.07x 4.56%

Y-o-Y evolution of P/E

Valuation ratios - P/E - BALMUDA Inc.

Historical PBR trend

Valuation ratios - PBR - BALMUDA Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - BALMUDA Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - BALMUDA Inc.

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