Company Valuation: BASE,Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 68,655 26,601 28,103 37,629 36,716 32,590 - -
Change - -61.25% 5.65% 33.9% -2.43% -11.24% - -
Enterprise Value (EV) 44,602 4,191 5,876 12,626 10,745 32,590 32,590 32,590
Change - -90.6% 40.2% 114.86% -14.9% 203.31% 0% 0%
P/E -57x -15.3x -46x 111x 20.1x 16.5x 12.9x 10.4x
PBR 4.55x 1.99x 2.16x 2.81x 2.51x 2.11x 1.99x 1.82x
PEG - -0.4x 0.7x -1x 0x 1.97x 0.5x 0.4x
Capitalization / Revenue 6.91x 2.73x 2.41x 2.35x 1.77x 1.18x 1.05x 0.93x
EV / Revenue 0x 0x 0x 0x 0x 1.18x 1.05x 0.93x
EV / EBITDA -0x -0x -0x 0x - 13.1x 10.5x 8.33x
EV / EBIT -0x -0x -0x 0x 0x 13.4x 10.7x 8.44x
EV / FCF 0x -0x -0x 0x 0x 4.48x 6.52x 5.33x
FCF Yield 2.57% -6.51% -0.48% 9.65% 8.86% 22.3% 15.3% 18.7%
Dividend per Share 2 - - - - 5 5 5 5
Rate of return - - - - 1.57% 1.77% 1.77% 1.77%
EPS 2 -10.8 -15.46 -5.31 2.94 15.87 17.2 21.9 27.3
Distribution rate - - - - 31.5% 29.1% 22.8% 18.3%
Net sales 1 9,931 9,739 11,680 15,981 20,729 27,600 31,000 34,900
EBITDA 1 -932 -1,459 -423 803 - 2,480 3,100 3,910
EBIT 1 -977 -1,508 -425 772 1,686 2,430 3,050 3,860
Net income 1 -1,194 -1,732 -606 340 1,826 1,930 2,450 3,060
Net Debt -24,053 -22,410 -22,227 -25,003 -25,971 - - -
Reference price 2 616.00 236.00 244.00 325.00 319.00 283.00 283.00 283.00
Nbr of stocks (in thousands) 111,453 112,718 115,178 115,782 115,096 115,157 - -
Announcement Date 2/9/22 2/8/23 2/8/24 2/14/25 2/12/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.41x3.93x9.16x1.43% 492B
20.65x6.11x18.36x-.--% 312B
23.93x2.56x13.2x-.--% 148B
6.43x137.56x5.02x0.09% 149B
32.4x3.94x25.79x-.--% 97.15B
9.55x8.09x89.45x0.66% 92.84B
28.96x5.47x15.46x-.--% 87.43B
73.91x4.37x21.35x-.--% 82.29B
8.23x2.91x41.31x0.59% 38.46B
Average 24.27x 19.44x 26.57x 0.31% 166.68B
Weighted average by Cap. 20.67x 17.89x 18.97x 0.53%

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