Company Valuation: Iwatani Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 297,376 333,069 491,419 343,948 461,507 454,828 - -
Change - 12% 47.54% -30.01% 34.18% -1.45% - -
Enterprise Value (EV) 1 378,376 438,534 711,747 547,471 678,703 676,161 683,761 689,861
Change - 15.9% 62.3% -23.08% 23.97% -0.37% 1.12% 0.89%
P/E 9.92x 10.4x 10.4x 8.5x 9.68x 9.18x 9.2x 8.83x
PBR 1.1x 1.1x 1.36x 0.89x 1.06x 0.98x 0.9x 0.84x
PEG - 1.52x 0.2x -0.6x 0.5x 2.35x -44.54x 2.09x
Capitalization / Revenue 0.43x 0.37x 0.58x 0.39x 0.51x 0.47x 0.46x 0.45x
EV / Revenue 0.55x 0.48x 0.84x 0.62x 0.75x 0.7x 0.7x 0.69x
EV / EBITDA 6.18x 6.83x 9.28x 7.39x - 8.02x 7.59x 7.25x
EV / EBIT 9.44x 11x 14.1x 11.8x 17.7x 13.8x 13.3x 12.7x
EV / FCF -20.1x -49.7x 108x -91.3x 19.2x 35.3x 48x 34.7x
FCF Yield -4.99% -2.01% 0.93% -1.1% 5.21% 2.83% 2.08% 2.88%
Dividend per Share 2 21.25 23.75 32.5 47 47 47.6 49.5 50.75
Rate of return 1.64% 1.64% 1.52% 3.14% 2.34% 2.41% 2.51% 2.57%
EPS 2 130.2 139.2 205.8 175.8 207.1 215.2 214.7 223.8
Distribution rate 16.3% 17.1% 15.8% 26.7% 22.7% 22.1% 23.1% 22.7%
Net sales 1 690,392 906,261 847,888 883,011 908,522 962,300 978,975 1,000,400
EBITDA 1 61,187 64,250 76,667 74,105 - 84,300 90,100 95,200
EBIT 1 40,076 40,035 50,635 46,228 38,318 49,020 51,275 54,150
Net income 1 29,964 32,022 47,363 40,448 47,666 48,100 49,425 51,500
Net Debt 1 81,000 105,465 220,328 203,523 217,196 221,333 228,933 235,033
Reference price 2 1,292.50 1,447.50 2,135.50 1,494.50 2,005.00 1,976.00 1,976.00 1,976.00
Nbr of stocks (in thousands) 230,078 230,100 230,119 230,143 230,178 230,176 - -
Announcement Date 5/13/22 5/15/23 5/13/24 5/14/25 5/14/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.18x0.7x8.02x2.41% 2.82B
11.84x1.47x6.49x3.02% 568B
20.41x1.69x9.71x0.49% 185B
7.14x0.53x2.62x5.49% 101B
9.89x0.28x4.52x7.04% 79.61B
8.63x0.63x5.76x1.8% 79.51B
7.37x0.7x5.67x1.52% 77.76B
8.66x0.57x6.63x2.86% 70.73B
8.44x1.6x4.26x3.11% 64.93B
11.51x1.29x7.23x2.1% 55.6B
Average 10.31x 0.95x 6.09x 2.98% 128.57B
Weighted average by Cap. 11.75x 1.20x 6.36x 2.89%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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