Company Valuation: Baycurrent, Inc.

Data adjusted to current consolidation scope
Fiscal Period: February 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 693,599 818,764 512,030 967,699 684,103 1,153,344 - -
Change - 18.05% -37.46% 88.99% -29.31% 68.59% - -
Enterprise Value (EV) 1 672,750 786,297 475,907 908,458 673,517 1,073,937 1,042,846 1,011,476
Change - 16.88% -39.47% 90.89% -25.86% 59.45% -2.89% -3.01%
P/E 44.7x 37.4x 20.2x 31.5x 113x 24.4x 19.4x 15.5x
PBR 16.7x 14.3x 6.91x 10.3x 11.5x 9.2x 7.44x 6.12x
PEG - 0.9x 1.3x 1.4x -1.4x 0x 0.7x 0.6x
Capitalization / Revenue 12x 10.8x 5.45x 8.34x 18.8x 5.97x 4.87x 3.95x
EV / Revenue 11.7x 10.3x 5.07x 7.83x 18.5x 5.56x 4.4x 3.47x
EV / EBITDA 31x 26.1x 13.5x 20.9x - 15.8x 12.4x 9.74x
EV / EBIT 31.3x 26.3x 13.9x 21.3x 118x 16.4x 12.8x 9.96x
EV / FCF 42.4x 37x - 31.2x - 22.7x 18.2x 14.5x
FCF Yield 2.36% 2.7% - 3.2% - 4.4% 5.48% 6.89%
Dividend per Share 2 26 37 43 62 100 131.4 164.2 200.3
Rate of return 0.57% 0.69% 1.28% 0.97% 2.22% 1.68% 2.1% 2.56%
EPS 2 101.4 143 166 202.2 39.92 320.2 403.1 504
Distribution rate 25.6% 25.9% 25.9% 30.7% 251% 41% 40.7% 39.7%
Net sales 1 57,642 76,090 93,909 116,056 36,364 193,119 236,816 291,735
EBITDA 1 21,733 30,163 35,312 43,489 - 68,104 83,886 103,809
EBIT 1 21,518 29,916 34,219 42,615 5,706 65,628 81,707 101,520
Net income 1 15,544 21,910 25,382 30,760 6,063 47,927 58,911 72,851
Net Debt 1 -20,849 -32,467 -36,123 -59,241 -10,586 -79,407 -110,497 -141,868
Reference price 2 4,535.00 5,350.00 3,354.00 6,364.00 4,505.00 7,810.00 7,810.00 7,810.00
Nbr of stocks (in thousands) 152,943 153,040 152,662 152,058 151,854 147,675 - -
Announcement Date 4/14/22 4/14/23 4/12/24 4/10/25 4/14/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.35x5.55x15.74x1.69% 7.24B
17.57x1.26x11.54x - 4.2B
11.19x7.79x9.37x6.49% 2.52B
15.05x - - - 1.59B
15.64x3.34x9x4.37% 1.36B
Average 16.76x 4.49x 11.41x 4.18% 3.38B
Weighted average by Cap. 19.13x 4.54x 12.94x 3.1%

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