Company Valuation: ENEOS Holdings, Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,470,733 1,310,537 2,185,601 2,104,164 3,794,127 3,285,774 - -
Change - -10.89% 66.77% -3.73% 80.32% -13.4% - -
Enterprise Value (EV) 1 4,020,277 4,559,554 4,677,929 4,384,825 5,532,561 4,977,830 5,054,167 4,482,344
Change - 13.41% 2.6% -6.27% 26.18% -10.03% 1.53% -11.31%
P/E 2.74x 9.99x 7.65x 9.78x 14.7x 9.11x 10.8x 8.97x
PBR 0.51x 0.49x 0.68x 0.68x 1.13x 0.92x 0.88x 0.81x
PEG - -0.1x 0x -0.6x 0.7x 0.2x -0.7x 0.4x
Capitalization / Revenue 0.13x 0.09x 0.16x 0.17x 0.32x 0.26x 0.27x 0.27x
EV / Revenue 0.37x 0.3x 0.34x 0.36x 0.47x 0.39x 0.41x 0.36x
EV / EBITDA 3.6x 7.22x 5.85x 9.31x 6.95x 5.81x 6.25x 4.79x
EV / EBIT 5.12x 16.2x 10.1x 41.3x 11.9x 8.95x 10.7x 8.44x
EV / FCF -28.6x -20.2x 6.08x 22x 34x 15.3x 27.1x 16.1x
FCF Yield -3.49% -4.96% 16.4% 4.56% 2.94% 6.55% 3.69% 6.21%
Dividend per Share 2 22 22 22 26 34 37.78 41 45.43
Rate of return 4.8% 4.73% 3.01% 3.32% 2.41% 3.1% 3.36% 3.73%
EPS 2 167.3 46.57 95.64 79.96 96.18 133.8 112.8 135.9
Distribution rate 13.2% 47.2% 23% 32.5% 35.4% 28.2% 36.3% 33.4%
Net sales 1 10,921,800 15,016,554 13,856,662 12,322,494 11,765,470 12,863,000 12,263,788 12,298,743
EBITDA 1 1,117,900 631,467 799,000 471,010 795,822 857,140 809,000 934,967
EBIT 1 785,900 281,285 464,946 106,093 466,627 555,911 473,450 531,129
Net income 1 537,100 143,766 288,121 226,071 258,726 351,111 285,375 327,271
Net Debt 1 2,549,544 3,249,017 2,492,328 2,280,661 1,738,434 1,692,056 1,768,393 1,196,570
Reference price 2 458.00 465.20 731.30 782.30 1,410.50 1,219.50 1,219.50 1,219.50
Nbr of stocks (in thousands) 3,211,206 2,817,148 2,988,652 2,689,716 2,689,916 2,694,362 - -
Announcement Date 5/13/22 5/11/23 5/14/24 5/12/25 5/14/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.18x0.41x6.58x2.82% 20B
11.64x1.47x6.55x3.04% 565B
20.48x1.69x9.74x0.49% 186B
6.92x0.52x2.54x5.66% 98.22B
8.75x0.63x5.83x1.78% 80.01B
7.33x0.69x5.65x1.53% 77.33B
9.73x0.28x4.43x7.16% 77.04B
8.53x0.56x6.56x2.89% 69.96B
8.24x1.57x4.17x3.18% 63.43B
11.23x1.26x7.05x2.16% 54.23B
Average 10.90x 0.91x 5.91x 3.07% 129.12B
Weighted average by Cap. 11.72x 1.19x 6.39x 2.91%

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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