Company Valuation: KeyHolder, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 14,870 12,726 13,619 15,010 13,343 13,324
Change - -14.41% 7.02% 10.21% -11.1% -0.15%
Enterprise Value (EV) 1 17,118 13,990 12,597 13,103 32,700 30,581
Change - -18.27% -9.96% 4.01% 149.57% -6.48%
P/E 11.2x 25.4x 7.25x 7.18x 5.33x 15.5x
PBR 1.06x 0.76x 0.74x 0.75x 0.61x 0.59x
PEG - -0.4x 0x 0.5x 0.3x -0.2x
Capitalization / Revenue 1.39x 0.76x 0.62x 0.55x 0.43x 0.37x
EV / Revenue 1.6x 0.83x 0.57x 0.48x 1.05x 0.86x
EV / EBITDA -41.1x 15.8x 7.63x 7.72x 19.1x 9.27x
EV / EBIT -13.3x -105x 19x 19.1x 202x 38.2x
EV / FCF 1.4x -3.52x 16.7x 12.1x 13.7x 12.2x
FCF Yield 71.6% -28.4% 5.99% 8.24% 7.31% 8.18%
Dividend per Share 2 10 10 10 20 10 10
Rate of return 1.13% 1.49% 1.38% 2.46% 1.41% 1.41%
EPS 2 78.84 26.5 99.72 113.1 133 45.54
Distribution rate 12.7% 37.7% 10% 17.7% 7.52% 22%
Net sales 1 10,700 16,786 22,062 27,514 31,090 35,630
EBITDA 1 -416 884 1,651 1,697 1,710 3,298
EBIT 1 -1,290 -133 663 685 162 801
Net income 1 1,288 461 1,877 2,114 2,500 857
Net Debt 1 2,248 1,264 -1,022 -1,907 19,357 17,257
Reference price 2 882.00 672.00 723.00 812.00 709.00 708.00
Nbr of stocks (in thousands) 16,859 18,938 18,837 18,485 18,820 18,819
Announcement Date 3/31/21 3/30/22 3/29/23 3/27/24 3/26/25 3/24/26
1JPY in Million2JPY
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 98.27M
-58.28x3.87x16.46x-.--% 5.18B
6.65x0.21x2.29x2.16% 3.8B
15.96x2.01x5.55x1.52% 2B
26.7x3.08x11.22x - 1.34B
7.6x1.55x5.17x6.3% 1.09B
22.54x - - 1.31% 960M
23.56x3.01x10.82x1.3% 889M
Average 6.39x 2.29x 8.59x 2.1% 1.92B
Weighted average by Cap. -10.33x 2.33x 9.46x 1.48%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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