Company Valuation: Interspace Co.,Ltd.

Data adjusted to current consolidation scope
Fiscal Period: September 2020 2021 2022 2023 2024 2025
Market Cap 1 8,136 6,956 5,574 5,950 5,781 7,752
Change - -14.5% -19.87% 6.76% -2.85% 34.09%
Enterprise Value (EV) 1 3,788 1,499 -182.2 319.4 -172 2,158
Change - -60.43% -112.16% 275.35% -153.86% 1,354.3%
P/E 31.5x 16.3x 10.4x 10.2x 98x 37.6x
PBR 1.59x 1.28x 1.04x 1.03x 1.02x 1.38x
PEG - 0.2x 0.3x 1.14x -1.1x 0x
Capitalization / Revenue 0.33x 0.3x 0.78x 0.82x 0.73x 0.88x
EV / Revenue 0.15x 0.06x -0.03x 0.04x -0.02x 0.24x
EV / EBITDA 5.51x 2.1x -0.14x 0.31x -0.21x 3.48x
EV / EBIT 8.38x 3.1x -0.17x 0.4x -0.31x 5.82x
EV / FCF 15.6x 1.26x -0.19x 1.51x -0.27x -24.8x
FCF Yield 6.4% 79.2% -517% 66.4% -367% -4.04%
Dividend per Share 2 20 20 25 25 30 30
Rate of return 1.67% 1.95% 2.82% 2.64% 3.26% 2.43%
EPS 2 38.04 62.98 85.55 93.2 9.4 32.82
Distribution rate 52.6% 31.8% 29.2% 26.8% 319% 91.4%
Net sales 1 24,880 23,142 7,123 7,284 7,909 8,846
EBITDA 1 687 714 1,287 1,021 834 620
EBIT 1 452 484 1,068 792 555 371
Net income 1 258 427 563 585 59 206
Net Debt 1 -4,348 -5,457 -5,756 -5,631 -5,953 -5,594
Reference price 2 1,200.00 1,026.00 888.00 948.00 921.00 1,235.00
Nbr of stocks (in thousands) 6,780 6,779 6,277 6,277 6,277 6,277
Announcement Date 12/24/20 12/27/21 12/26/22 12/25/23 12/23/24 12/22/25
1JPY in Million2JPY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 55.76M
14.26x1.57x7.12x3.93% 28.87B
9.94x1.1x6.14x4.03% 23.39B
12.17x5.4x9.83x7.18% 11B
16.66x1.32x4.17x2.83% 6.02B
46.6x0.75x4.5x3.57% 5.99B
17.79x0.64x6.28x1.33% 4.82B
36.09x4.74x12.89x-.--% 3.55B
-36.31x1.42x6.03x-.--% 3.45B
Average 14.65x 2.12x 7.12x 2.86% 9.68B
Weighted average by Cap. 14.31x 1.93x 6.96x 3.8%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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