Company Valuation: Glory Ltd.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 125,920 162,308 157,942 146,596 216,304 252,491 - -
Change - 28.9% -2.69% -7.18% 47.55% 16.73% - -
Enterprise Value (EV) 1 128,478 209,293 220,192 180,614 260,258 242,991 234,391 222,791
Change - 62.9% 5.21% -17.97% 44.1% -6.63% -3.54% -4.95%
P/E 19.2x -17.3x 5.32x 9.13x 14x 19.9x 11.3x 10.5x
PBR 0.61x 0.83x 0.69x 0.62x 0.96x 1x 1.08x 1.01x
PEG - 0x -0x -0.2x -13.25x -1.2x 0.1x 1.32x
Capitalization / Revenue 0.56x 0.63x 0.42x 0.4x 0.64x 0.71x 0.66x 0.64x
EV / Revenue 0.57x 0.82x 0.59x 0.49x 0.77x 0.68x 0.62x 0.57x
EV / EBITDA 4.67x 17x 3.41x 3.58x 5.19x 4.54x 4.31x 3.93x
EV / EBIT 12.5x 401x 4.29x 5.14x 11.1x 7.59x 6.45x 5.72x
EV / FCF -8.3x -29.4x 26.6x 4.44x 6.8x 19.3x 15.9x 11.7x
FCF Yield -12.1% -3.4% 3.76% 22.5% 14.7% 5.19% 6.29% 8.57%
Dividend per Share 2 68 68 106 108 112 125 130.5 133
Rate of return 3.28% 2.35% 3.73% 4.11% 2.82% 2.63% 2.74% 2.8%
EPS 2 107.6 -167 533.6 287.8 284.7 239 420.2 453.7
Distribution rate 63.2% -40.7% 19.9% 37.5% 39.3% 52.3% 31.1% 29.3%
Net sales 1 226,562 255,857 372,478 369,017 338,900 357,000 379,900 392,250
EBITDA 1 27,503 12,284 64,656 50,512 50,146 53,500 54,350 56,700
EBIT 1 10,297 522 51,276 35,173 23,400 32,000 36,350 38,950
Net income 1 6,509 -9,538 29,674 16,053 18,200 17,700 22,150 23,950
Net Debt 1 2,558 46,985 62,250 34,018 43,954 -9,500 -18,100 -29,700
Reference price 2 2,072.00 2,895.00 2,840.00 2,626.00 3,975.00 4,757.00 4,757.00 4,757.00
Nbr of stocks (in thousands) 60,772 56,065 55,613 55,825 54,416 53,078 - -
Announcement Date 5/12/22 5/11/23 5/10/24 5/13/25 5/15/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
37.6x6.43x23.87x0.72% 129B
27.6x5.09x17.73x2.18% 35.7B
22.2x1.9x13.62x2.11% 32.28B
32.02x4.25x16.06x0.11% 31.48B
22.25x3.67x11.62x1.51% 28.13B
108.39x38.98x89.15x0.33% 26.82B
22.35x3.24x13.96x1.05% 27.26B
25.38x3.09x13.31x1.49% 27.13B
25.51x3.21x15.68x1.77% 23.96B
Average 35.92x 7.76x 23.89x 1.25% 40.2B
Weighted average by Cap. 35.94x 7.20x 23.47x 1.12%

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