Company Valuation: Calbee, Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 377,134 305,175 346,148 428,366 349,012 346,100 - -
Change - -19.08% 13.43% 23.75% -18.52% -0.83% - -
Enterprise Value (EV) 1 299,336 248,153 315,830 411,106 328,811 350,615 337,750 340,281
Change - -17.1% 27.27% 30.17% -20.02% 6.63% 2.1% 0.75%
P/E Ratio 21.3x 17.3x 24.1x 21.5x 16.7x 22x 19.3x 17.4x
PBR 2.15x 1.73x 1.99x 2.23x 1.7x 1.78x 1.57x 1.55x
PEG - 5.79x -1.6x 0.6x 3.37x -1.4x 4.12x 1.6x
Capitalization / Revenue 1.41x 1.24x 1.24x 1.41x 1.08x 1.1x 0.94x 0.92x
EV / Revenue 1.12x 1.01x 1.13x 1.36x 1.02x 1.03x 0.92x 0.9x
EV / EBITDA 7.9x 6.87x 9.22x 10.3x 7.58x 8.1x 7.71x 7.13x
EV / EBIT 11.1x 9.87x 14.2x 15.1x 11.3x 13.4x 12.6x 11.4x
EV / FCF 15.2x 25.2x -42.6x -37.5x 31.3x 37.4x 46.9x 32.6x
FCF Yield 6.59% 3.96% -2.34% -2.67% 3.19% 2.68% 2.13% 3.07%
Dividend per Share 2 50 52 52 56 58 66 69 72.15
Rate of return 1.77% 2.21% 1.88% 1.63% 2.08% 2.14% 2.42% 2.53%
EPS 2 132.3 136.2 115.2 159.2 167.1 140 147.5 164
Distribution rate 37.8% 38.2% 45.2% 35.2% 34.7% 47.1% 46.8% 44%
Net sales 1 266,745 245,419 279,315 303,027 322,564 340,151 368,500 376,500
EBITDA 1 37,868 36,143 34,259 39,979 43,362 43,266 43,833 47,721
EBIT 1 27,064 25,135 22,233 27,304 29,066 26,173 26,780 29,750
Net income 1 17,682 18,053 14,772 19,886 20,874 17,329 17,880 19,817
Net Debt 1 -77,798 -57,022 -30,318 -17,260 -20,201 -23,511 -8,350 -5,819
Reference price 2 2,822.00 2,355.00 2,771.00 3,429.00 2,793.50 2,846.50 2,846.50 2,846.50
Nbr of stocks (in thousands) 133,641 129,586 124,918 124,925 124,937 121,588 - -
Announcement Date 5/13/21 5/10/22 5/9/23 5/9/24 5/12/25 5/14/26 - -
1JPY in Million2JPY
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.87x2.88x14.17x3.93% 258B
21.62x2.53x14.9x3.28% 80.86B
17.75x1.81x10.18x3.48% 49.79B
17.64x0.54x10.37x2.58% 38.67B
22.63x3.35x13.6x3.17% 36.85B
38.5x3.34x18.61x0.92% 30.81B
11.65x1.9x9.34x6.58% 28.92B
67.23x10.03x42.62x1.13% 27.91B
14.61x0.41x9.43x2.24% 24.67B
Average 25.72x 2.98x 15.91x 3.04% 64.05B
Weighted average by Cap. 22.61x 2.83x 14.81x 3.43%

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

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