Company Valuation: freee K.K.

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 558,589 185,782 188,222 141,623 227,424 134,195 - -
Change - -66.74% 1.31% -24.76% 60.58% -40.99% - -
Enterprise Value (EV) 1 511,238 143,811 151,816 114,572 191,635 101,416 98,364 92,362
Change - -71.87% 5.57% -24.53% 67.26% -47.08% -3.01% -6.1%
P/E -186x -15.8x -15.1x -13.9x 165x 162x 38.9x 23.2x
PBR 12x 5.15x 7.32x 8.45x 11.7x 6.45x 5.69x 4.68x
PEG - -0x -4.24x 0.7x -1x -4x 0x 0.3x
Capitalization / Revenue 54.5x 12.9x 9.79x 5.57x 6.84x 3.2x 2.66x 2.24x
EV / Revenue 49.8x 10x 7.9x 4.51x 5.76x 2.42x 1.95x 1.54x
EV / EBITDA -238x -58.4x -19.2x -13.7x 188x 47.5x 16.4x 8.83x
EV / EBIT -209x -47.3x -19.2x -13.7x 314x 88.1x 23.5x 11.8x
EV / FCF -190x -45.4x -27.7x -15.4x 53x 60x 28.2x 12.1x
FCF Yield -0.53% -2.2% -3.61% -6.49% 1.89% 1.67% 3.54% 8.25%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -54.88 -208.2 -215.6 -174.4 23.28 13.96 58.14 97.45
Distribution rate - - - - - - - -
Net sales 1 10,258 14,380 19,219 25,431 33,271 41,992 50,511 59,974
EBITDA 1 -2,146 -2,461 -7,919 -8,387 1,020 2,136 5,991 10,457
EBIT 1 -2,442 -3,042 -7,919 -8,387 611 1,151 4,185 7,799
Net income 1 -2,756 -11,609 -12,338 -10,151 1,370 826.9 3,438 5,762
Net Debt 1 -47,351 -41,971 -36,406 -27,051 -35,790 -32,780 -35,832 -41,833
Reference price 2 10,210.00 3,280.00 3,255.00 2,422.00 3,845.00 2,264.00 2,264.00 2,264.00
Nbr of stocks (in thousands) 54,710 56,641 57,825 58,473 59,148 59,274 - -
Announcement Date 8/13/21 8/12/22 8/14/23 8/14/24 8/13/25 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
152.2x2.22x43.59x-.--% 827M
22.52x8.66x14.39x0.94% 2,873B
95.85x38.68x64.67x-.--% 318B
122.06x38.96x123.24x0.14% 127B
82.92x16.67x36.22x-.--% 104B
476x20.26x81.59x-.--% 90.9B
161.55x9.42x23.28x-.--% 84.69B
34.14x1.8x14.06x-.--% 64.31B
139.06x5.43x27.23x-.--% 47.98B
-36.68x4.91x23.54x-.--% 40.83B
Average 124.96x 14.70x 45.18x 0.11% 375.04B
Weighted average by Cap. 48.97x 12.54x 25.02x 0.73%

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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