Company Valuation: KOSE Holdings Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 744,501 822,717 603,383 409,669 299,070 310,462 - -
Change - 10.51% -26.66% -32.1% -27% 3.81% - -
Enterprise Value (EV) 1 640,636 716,164 568,383 306,921 217,263 227,211 221,410 213,575
Change - 11.79% -20.64% -46% -29.21% 4.58% -2.55% -3.54%
P/E 55.8x 43.8x 51.7x 54.5x 19.8x 26.8x 22.8x 20.5x
PBR 3.52x 3.18x 2.27x 1.5x 1.05x 1.08x 1.07x 1.04x
PEG - 1.1x -1.4x -1.5x 0x -1.2x 1.3x 1.8x
Capitalization / Revenue 3.31x 2.85x 2.01x 1.27x 0.91x 0.9x 0.87x 0.84x
EV / Revenue 2.85x 2.48x 1.89x 0.95x 0.66x 0.66x 0.62x 0.58x
EV / EBITDA 23.5x 21.8x 21.4x 11.4x 7.4x 7.44x 6.48x 5.95x
EV / EBIT 34x 32.4x 35.6x 17.7x 11.8x 12.9x 10.8x 9.27x
EV / FCF 49x 51.3x 29.6x 32.5x -21.5x -24.2x 17.6x 13.8x
FCF Yield 2.04% 1.95% 3.38% 3.08% -4.64% -4.14% 5.68% 7.27%
Dividend per Share 2 120 140 140 140 140 150 150.2 154.2
Rate of return 0.92% 0.97% 1.32% 1.95% 2.67% 2.74% 2.74% 2.82%
EPS 2 233.9 329 204.4 131.6 264.8 203.9 239.5 267.1
Distribution rate 51.3% 42.5% 68.5% 106% 52.9% 73.6% 62.7% 57.7%
Net sales 1 224,983 289,136 300,406 322,700 330,193 343,088 355,511 367,714
EBITDA 1 27,279 32,822 26,567 27,000 29,346 30,541 34,160 35,913
EBIT 1 18,852 22,120 15,985 17,300 18,467 17,553 20,578 23,027
Net income 1 13,341 18,771 11,663 7,500 15,114 11,607 13,605 15,157
Net Debt 1 -103,865 -106,553 -35,000 -102,748 -81,807 -83,251 -89,052 -96,887
Reference price 2 13,050.00 14,420.00 10,575.00 7,179.00 5,240.00 5,472.00 5,472.00 5,472.00
Nbr of stocks (in thousands) 57,050 57,054 57,058 57,065 57,074 56,736 - -
Announcement Date 2/14/22 2/13/23 2/13/24 2/12/25 2/12/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.83x0.66x7.44x2.74% 1.91B
28.96x4.53x18.71x2.03% 233B
57.66x8.21x32.13x0.26% 50.18B
26.24x4.9x18.88x1.18% 9.89B
29.76x1.43x11.01x1.96% 7.53B
21.55x1.53x9.68x1.29% 5.17B
38.99x2.56x12.65x-.--% 4.34B
25.4x2.51x13.05x2.6% 3.95B
14.12x1.55x8.7x3.07% 3.28B
20.38x2.52x12.31x3.79% 2.63B
Average 28.99x 3.04x 14.46x 1.89% 32.21B
Weighted average by Cap. 33.11x 4.87x 20.11x 1.72%

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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