Company Valuation: HORIBA, Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 285,254 241,976 466,235 383,949 670,256 977,842 - -
Change - -15.17% 92.68% -17.65% 74.57% 45.89% - -
Enterprise Value (EV) 1 228,403 167,827 391,854 302,019 572,172 877,272 875,342 851,735
Change - -26.52% 133.49% -22.93% 89.45% 53.32% -0.22% -2.7%
P/E 13.4x 7.1x 11.6x 11.4x 18.1x 18.7x 15.4x 13.7x
PBR 1.4x 1.01x 1.65x 1.22x 1.93x 2.57x 2.36x 2.13x
PEG - 0.1x 0.6x -0.7x 1.7x 0.5x 0.7x 1.2x
Capitalization / Revenue 1.27x 0.9x 1.6x 1.21x 2.01x 2.51x 2.25x 2.08x
EV / Revenue 1.02x 0.62x 1.35x 0.95x 1.72x 2.25x 2.01x 1.81x
EV / EBITDA 5.42x 2.96x 6.6x 4.95x 8.64x 9.92x 8.26x 7.24x
EV / EBIT 7.13x 3.66x 8.29x 6.25x 10.8x 11.9x 9.72x 8.19x
EV / FCF 11.1x 7.23x 42x 14.4x 21.2x 34.4x 29.6x 13.8x
FCF Yield 9.02% 13.8% 2.38% 6.93% 4.71% 2.91% 3.38% 7.22%
Dividend per Share 2 150 245 290 270 450 762 618.3 690
Rate of return 2.22% 4.28% 2.63% 2.95% 2.82% 3.27% 2.66% 2.97%
EPS 2 505 807.1 953.7 799.4 883.5 1,246 1,516 1,694
Distribution rate 29.7% 30.4% 30.4% 33.8% 50.9% 61.2% 40.8% 40.7%
Net sales 1 224,314 270,133 290,558 317,369 333,081 389,484 435,146 469,790
EBITDA 1 42,109 56,754 59,393 60,993 66,220 88,467 105,954 117,624
EBIT 1 32,046 45,843 47,296 48,340 53,040 73,810 90,059 103,979
Net income 1 21,311 34,072 40,302 33,591 37,090 52,363 63,713 71,221
Net Debt 1 -56,851 -74,149 -74,381 -81,930 -98,084 -100,570 -102,499 -126,107
Reference price 2 6,760.00 5,730.00 11,030.00 9,152.00 15,960.00 23,270.00 23,270.00 23,270.00
Nbr of stocks (in thousands) 42,197 42,230 42,270 41,952 41,996 42,022 - -
Announcement Date 2/14/22 2/14/23 2/14/24 2/13/25 2/12/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.44x2.22x9.77x3.32% 6.1B
30.51x5.42x19.79x0.85% 119B
31.6x5.01x19x1.7% 90.64B
28.74x3.28x18.96x0.72% 62.92B
40.65x6.35x28x1.87% 59.26B
39.15x7.93x23.21x-.--% 56.89B
26.21x4.8x16.8x2.29% 34.15B
31.64x4.14x15.6x0.11% 30.49B
20.68x1.77x12.74x2.27% 30.08B
21.82x3.16x13.61x1.08% 26.55B
Average 28.94x 4.41x 17.75x 1.42% 51.62B
Weighted average by Cap. 31.22x 4.99x 19.58x 1.18%

Y-o-Y evolution of P/E

Valuation ratios - P/E - HORIBA, Ltd.

Historical PBR trend

Valuation ratios - PBR - HORIBA, Ltd.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - HORIBA, Ltd.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - HORIBA, Ltd.


Year-on-year evolution of the Yield

Valuation ratios - Yield - HORIBA, Ltd.
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