Company Valuation: Bourbon Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 52,926 54,055 51,388 57,442 61,309 77,837
Change - 2.13% -4.93% 11.78% 6.73% 26.96%
Enterprise Value (EV) 1 39,496 38,337 40,956 43,190 47,604 60,666
Change - -2.93% 6.83% 5.45% 10.22% 27.44%
P/E 16.7x 16x 46.9x 18.7x 11x 13.2x
PBR 1.05x 1.02x 0.96x 1.02x 1x 1.16x
PEG - 2.45x -0.7x 0x 0.1x 2.27x
Capitalization / Revenue 0.45x 0.57x 0.53x 0.55x 0.54x 0.65x
EV / Revenue 0.33x 0.41x 0.42x 0.42x 0.42x 0.5x
EV / EBITDA 4.51x 4.45x 6.56x 4.95x 3.7x 4.63x
EV / EBIT 9.51x 9.36x 25.8x 11.4x 6.39x 8.1x
EV / FCF 274x 11.3x -12.9x 9.32x -37.6x 14.7x
FCF Yield 0.37% 8.84% -7.73% 10.7% -2.66% 6.79%
Dividend per Share 2 24 25 26 27 27 42
Rate of return 1.09% 1.11% 1.22% 1.13% 1.06% 1.3%
EPS 2 131.8 140.4 45.62 127.8 231.2 244.6
Distribution rate 18.2% 17.8% 57% 21.1% 11.7% 17.2%
Net sales 1 118,443 94,451 97,383 103,717 113,475 120,303
EBITDA 1 8,754 8,612 6,245 8,725 12,853 13,089
EBIT 1 4,151 4,095 1,587 3,783 7,454 7,485
Net income 1 3,167 3,374 1,096 3,071 5,566 5,913
Net Debt 1 -13,430 -15,718 -10,432 -14,252 -13,705 -17,171
Reference price 2 2,203.00 2,250.00 2,139.00 2,391.00 2,536.00 3,220.00
Nbr of stocks (in thousands) 24,024 24,024 24,024 24,024 24,175 24,173
Announcement Date 6/29/21 6/29/22 6/29/23 6/27/24 6/20/25 6/19/26
1JPY in Million2JPY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 482M
20.62x2.81x14.03x4.01% 249B
19.51x2.46x14.67x3.36% 78.21B
16.93x1.77x9.97x3.69% 47.64B
15.67x0.56x10.17x2.46% 40.78B
20.96x3.18x12.93x3.34% 34.79B
35.46x3.08x17.84x1.04% 31.65B
-15.21x1.89x9.38x6.46% 29.47B
65.78x10.1x41.87x1.16% 29B
12.1x0.39x8.86x2.42% 22.81B
Average 21.31x 2.91x 15.52x 3.1% 56.36B
Weighted average by Cap. 20.76x 2.78x 14.62x 3.49%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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