Company Valuation: Goodpatch, Inc.

Data adjusted to current consolidation scope
Fiscal Period: August 2020 2021 2022 2023 2024 2025
Market Cap 1 16,770 23,031 7,245 8,240 3,658 8,151
Change - 37.34% -68.54% 13.74% -55.6% 122.82%
Enterprise Value (EV) 1 16,130 20,702 4,694 5,159 783.3 5,665
Change - 28.35% -77.33% 9.91% -84.82% 623.29%
P/E 80.4x 72.2x 102x 36.7x 334x 20.3x
PBR 17.9x 8.97x 2.26x 2.09x 0.95x 1.97x
PEG - 1.8x -1.3x 0x -3.5x 0x
Capitalization / Revenue 7.83x 8.4x 1.95x 2.1x 0.93x 1.6x
EV / Revenue 7.53x 7.55x 1.26x 1.31x 0.2x 1.11x
EV / EBITDA 60.9x 45.2x 9.9x 13.4x 6.69x 8.84x
EV / EBIT 74.3x 51x 11.9x 17.3x 23x 10.2x
EV / FCF 179x 59.2x 11.4x 62x -9.99x 7.22x
FCF Yield 0.56% 1.69% 8.75% 1.61% -10% 13.9%
Dividend per Share 2 - - - - - 10
Rate of return - - - - - 1.07%
EPS 2 28.67 40.34 8.53 24.54 1.211 46.1
Distribution rate - - - - - 21.7%
Net sales 1 2,143 2,741 3,724 3,928 3,942 5,085
EBITDA 1 265 458 474 384 117 641
EBIT 1 217 406 394 299 34 557
Net income 1 215 327 72 216 11 407
Net Debt 1 -640 -2,329 -2,551 -3,081 -2,875 -2,486
Reference price 2 2,306.00 2,914.00 870.00 901.00 405.00 936.00
Nbr of stocks (in thousands) 7,272 7,904 8,327 9,145 9,033 8,709
Announcement Date 11/30/20 11/30/21 11/28/22 11/30/23 11/28/24 11/27/25
1JPY in Million2JPY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.16x3.74x13.06x2.9% 220B
-111.48x17.73x102.37x-.--% 110B
12.66x1.4x7.35x3.79% 105B
15.37x2.81x10.61x5.35% 90.13B
20.38x5.34x13.12x2.8% 61.17B
15.26x2.23x9.45x5.12% 49.53B
20.92x1.54x9.77x0.91% 39.27B
20.19x1.65x10.09x1.45% 39.19B
18.19x2.33x11.18x4.78% 37.92B
Average 3.85x 4.31x 20.78x 3.01% 83.56B
Weighted average by Cap. -0.23x 5.09x 24.41x 2.94%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA