Company Valuation: DLE Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 14,226 13,302 10,458 7,482 5,399 4,475
Change - -6.49% -21.38% -28.46% -27.84% -17.12%
Enterprise Value (EV) 1 11,771 11,288 9,049 6,476 4,837 3,957
Change - -4.1% -19.83% -28.43% -25.31% -18.19%
P/E -27.7x -42.2x -17.9x -13.3x -7.42x -8.95x
PBR 4.23x 4.24x 3.92x 2.67x 2.99x 3.37x
PEG - 1.1x -0.2x 3.73x -0.3x 0.3x
Capitalization / Revenue 12.7x 8.11x 5.18x 4.39x 2.73x 3.06x
EV / Revenue 10.5x 6.88x 4.48x 3.8x 2.45x 2.7x
EV / EBITDA -24.6x -57.6x -31.4x -10.6x -11.6x -7x
EV / EBIT -22.9x -39.2x -26.2x -9.83x -9.87x -6.65x
EV / FCF -24.1x -110x -29.3x -36.2x -14.8x -8.12x
FCF Yield -4.14% -0.91% -3.41% -2.76% -6.74% -12.3%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -12.14 -7.437 -13.71 -13.22 -17.12 -11.5
Distribution rate - - - - - -
Net sales 1 1,117 1,640 2,020 1,705 1,978 1,463
EBITDA 1 -478 -196 -288 -610 -416 -565
EBIT 1 -515 -288 -345 -659 -490 -595
Net income 1 -514 -315 -582 -562 -728 -497
Net Debt 1 -2,455 -2,014 -1,409 -1,006 -562 -518
Reference price 2 336.00 314.00 246.00 176.00 127.00 103.00
Nbr of stocks (in thousands) 42,340 42,364 42,514 42,514 42,514 43,448
Announcement Date 6/21/21 6/20/22 6/26/23 6/24/24 6/30/25 6/30/26
1JPY in Million2JPY
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 18.03M
19.14x2.45x10.45x2.93% 13.87B
40.1x3x7.56x1.7% 13.27B
34.76x2.06x17.3x2.23% 12.54B
23.71x4.23x13.59x1.73% 3.28B
13.84x0.88x7.41x2.28% 3.01B
21.4x1.17x5.84x0.35% 2.18B
35.48x5.47x13.73x-.--% 2.41B
Average 26.92x 2.75x 10.84x 1.6% 6.32B
Weighted average by Cap. 29.37x 2.61x 11.37x 2.07%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA