Company Valuation: GMB Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 5,120 3,921 4,597 6,092 4,873 4,901
Change - -23.41% 17.23% 32.52% -20.01% 0.57%
Enterprise Value (EV) 1 19,863 23,053 25,473 31,486 30,780 37,462
Change - 16.06% 10.5% 23.61% -2.24% 21.71%
P/E -16.2x 5.94x 3.79x 14.9x 8.23x -4.73x
PBR 0.26x 0.19x 0.21x 0.27x 0.21x 0.22x
PEG - -0x 0x -0.2x 0.2x 0x
Capitalization / Revenue 0.09x 0.05x 0.05x 0.06x 0.05x 0.05x
EV / Revenue 0.35x 0.32x 0.29x 0.33x 0.3x 0.36x
EV / EBITDA 6.39x 5.14x 4.43x 5.76x 5.2x 4.95x
EV / EBIT -236x 20.1x 11.9x 19.3x 15.8x 11.3x
EV / FCF 47x -4.81x -37.7x -6.67x -41.9x -10.1x
FCF Yield 2.13% -20.8% -2.65% -15% -2.39% -9.95%
Dividend per Share 2 - 20 20 30 40 40
Rate of return - 2.69% 2.3% 2.61% 4.36% 4.35%
EPS 2 -60.02 125.3 229.6 77.05 111.6 -194.5
Distribution rate - 16% 8.71% 38.9% 35.8% -20.6%
Net sales 1 57,409 71,406 87,169 96,291 103,712 105,280
EBITDA 1 3,109 4,486 5,752 5,466 5,919 7,564
EBIT 1 -84 1,148 2,142 1,631 1,943 3,320
Net income 1 -315 660 1,213 408 592 -1,035
Net Debt 1 14,743 19,132 20,876 25,394 25,907 32,561
Reference price 2 974.00 744.00 869.00 1,150.00 918.00 920.00
Nbr of stocks (in thousands) 5,257 5,270 5,290 5,297 5,308 5,327
Announcement Date 6/21/21 6/27/22 6/26/23 6/24/24 6/26/25 6/18/26
1JPY in Million2JPY
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 33.52M
-18.46x7.28x-16.51x-.--% 8.49B
16.07x - - 1.89% 4.57B
14.12x0.11x1.15x0.95% 4.07B
12.81x0.37x4.55x3.31% 4.04B
14.28x1.02x6.13x2.8% 3.59B
13.32x1.29x8.96x1.35% 3.22B
16.82x0.56x5.54x-.--% 2.64B
13.01x0.77x8.58x2.6% 1.84B
9.1x0.14x1.3x4.62% 1.29B
Average 10.12x 1.44x 2.46x 1.95% 3.38B
Weighted average by Cap. 5.93x 2.56x -1.18x 1.51%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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