Company Valuation: Data Applications Company, Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2025 2026
Market Cap 1 5,024 4,920 5,921 5,244 5,507
Change - -2.07% 20.34% - 5.01%
Enterprise Value (EV) 1 1,595 1,233 2,332 1,554 1,685
Change - -22.68% 89.12% - 8.42%
P/E 30.4x 15.2x 27.5x 19.5x 35.2x
PBR 1.37x 1.28x 1.47x 1.1x 1.15x
PEG - 0.2x -0.8x - -0.8x
Capitalization / Revenue 2.48x 2.14x 2.37x 2.01x 1.27x
EV / Revenue 0.79x 0.54x 0.93x 0.6x 0.39x
EV / EBITDA 7x 2.65x 4.36x 3.71x 3.66x
EV / EBIT 7.7x 2.79x 4.75x 4.71x 6.08x
EV / FCF 2.71x 3.66x 5.97x - 4.64x
FCF Yield 36.9% 27.3% 16.8% - 21.5%
Dividend per Share 2 21.5 21.5 22.5 26 26
Rate of return 2.59% 2.67% 2.32% 3.08% 3.01%
EPS 2 27.32 53.06 35.18 43.32 24.55
Distribution rate 78.7% 40.5% 64% 60% 106%
Net sales 1 2,024 2,301 2,496 2,607 4,322
EBITDA 1 228 465 535 419 460
EBIT 1 207 442 491 330 277
Net income 1 165 322 215 268 156
Net Debt 1 -3,429 -3,687 -3,589 -3,690 -3,822
Reference price 2 830.50 806.00 968.00 845.00 865.00
Nbr of stocks (in thousands) 6,049 6,104 6,117 6,206 6,367
Announcement Date 6/23/21 6/22/22 6/21/23 6/18/25 6/16/26
1JPY in Million2JPY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 32.3M
22.58x3.66x12.74x2.97% 214B
12.19x1.35x7.06x3.94% 101B
-94.69x14.98x86.7x-.--% 93.71B
15.55x2.84x10.74x5.29% 90.82B
22.25x5.73x14.09x2.58% 65.81B
14.48x2.11x8.93x5.39% 46.87B
21.14x1.71x10.78x1.4% 39.21B
17.96x2.28x10.94x4.84% 37.35B
20.7x1.53x9.73x0.95% 36.38B
Average 5.80x 4.02x 19.08x 3.04% 72.53B
Weighted average by Cap. 4.14x 4.50x 20.78x 3.04%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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