Company Valuation: INEST, Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 32,084 22,438 23,305 7,562 5,370 3,391
Change - -30.06% 3.87% -67.55% -28.99% -36.85%
Enterprise Value (EV) 1 31,271 23,661 24,193 11,118 9,141 5,182
Change - -24.34% 2.25% -54.04% -17.78% -43.31%
P/E 42x -100x 11.5x -46.3x 128x 18.9x
PBR 17.3x 10.9x 6.51x 1.55x 1.09x 0.66x
PEG - 1x -0x 0x -1x 0x
Capitalization / Revenue 4.94x 3.39x 2.94x 0.72x 0.28x 0.19x
EV / Revenue 4.81x 3.57x 3.05x 1.06x 0.48x 0.28x
EV / EBITDA 127x 89.3x 72x 21.3x 13.5x 11.9x
EV / EBIT 893x 423x 175x 48.3x 47.9x 648x
EV / FCF 55.7x -27.6x -30.3x 12.1x 9.72x -10.7x
FCF Yield 1.79% -3.63% -3.3% 8.23% 10.3% -9.39%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 33.2 -9.75 74.24 -22.35 5.748 24.66
Distribution rate - - - - - -
Net sales 1 6,500 6,626 7,937 10,515 18,960 18,185
EBITDA 1 247 265 336 522 675 434
EBIT 1 35 56 138 230 191 8
Net income 1 168 -58 450 -149 42 180
Net Debt 1 -813 1,223 888 3,556 3,771 1,791
Reference price 2 1,395.00 975.00 855.00 1,035.00 735.00 465.00
Nbr of stocks (in thousands) 27,044 27,258 27,258 7,306 7,306 7,293
Announcement Date 6/29/21 6/30/22 6/30/23 6/28/24 6/25/25 6/24/26
1JPY in Million2JPY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 27.21M
13.09x0.4x6.39x4.39% 18.45B
16.13x0.71x8.03x4.69% 5.36B
9.85x0.45x6.07x2.86% 4.14B
9.45x - - - 3.76B
12.92x0.38x8.21x2.63% 2.98B
8.12x0.14x2.87x2.24% 2.4B
14.77x0.86x11.39x4.16% 2.14B
Average 12.04x 0.49x 7.16x 3.49% 4.91B
Weighted average by Cap. 12.59x 0.46x 6.82x 3.95%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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