Company Valuation: KOSE Holdings Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 744,501 822,717 603,383 409,669 299,070 324,329 - -
Change - 10.51% -26.66% -32.1% -27% 8.45% - -
Enterprise Value (EV) 1 640,636 716,164 568,383 306,921 217,263 245,761 241,315 234,516
Change - 11.79% -20.64% -46% -29.21% 13.12% -1.81% -2.82%
P/E 55.8x 43.8x 51.7x 54.5x 19.8x 25.1x 23.6x 21.2x
PBR 3.52x 3.18x 2.27x 1.5x 1.05x 1.13x 1.12x 1.09x
PEG - 1.1x -1.4x -1.5x 0x -1.8x 3.8x 1.9x
Capitalization / Revenue 3.31x 2.85x 2.01x 1.27x 0.91x 0.94x 0.91x 0.88x
EV / Revenue 2.85x 2.48x 1.89x 0.95x 0.66x 0.71x 0.68x 0.64x
EV / EBITDA 23.5x 21.8x 21.4x 11.4x 7.4x 7.87x 6.97x 6.34x
EV / EBIT 34x 32.4x 35.6x 17.7x 11.8x 13.5x 11.7x 10.2x
EV / FCF 49x 51.3x 29.6x 32.5x -21.5x -29.7x 20.8x 15.8x
FCF Yield 2.04% 1.95% 3.38% 3.08% -4.64% -3.37% 4.81% 6.33%
Dividend per Share 2 120 140 140 140 140 149.3 149.4 153.1
Rate of return 0.92% 0.97% 1.32% 1.95% 2.67% 2.61% 2.61% 2.68%
EPS 2 233.9 329 204.4 131.6 264.8 228 242.1 269.7
Distribution rate 51.3% 42.5% 68.5% 106% 52.9% 65.5% 61.7% 56.8%
Net sales 1 224,983 289,136 300,406 322,700 330,193 344,196 355,838 367,524
EBITDA 1 27,279 32,822 26,567 27,000 29,346 31,225 34,634 36,986
EBIT 1 18,852 22,120 15,985 17,300 18,467 18,156 20,679 23,075
Net income 1 13,341 18,771 11,663 7,500 15,114 12,441 13,735 15,259
Net Debt 1 -103,865 -106,553 -35,000 -102,748 -81,807 -78,568 -83,013 -89,812
Reference price 2 13,050.00 14,420.00 10,575.00 7,179.00 5,240.00 5,715.00 5,715.00 5,715.00
Nbr of stocks (in thousands) 57,050 57,054 57,058 57,065 57,074 56,750 - -
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.($)
25.07x0.71x7.87x2.61% 2.04B
23.01x4.37x16x2.81% 364B
30.24x4.64x19.15x1.97% 233B
19.03x2.84x12.51x3.32% 137B
25.58x3.76x15.82x2.3% 73.96B
54.04x7.66x29.52x0.29% 47.76B
39.31x6.33x27.52x2.38% 46.8B
34.92x2.64x14.66x1.52% 36.76B
18.97x2.67x11.15x4.69% 34.59B
14.76x2.42x11.19x5.18% 33.06B
Average 28.49x 3.80x 16.54x 2.71% 100.87B
Weighted average by Cap. 26.58x 4.23x 17.03x 2.6%

Y-o-Y evolution of P/E

Valuation ratios - P/E - KOSE Holdings Corporation

Historical PBR trend

Valuation ratios - PBR - KOSE Holdings Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - KOSE Holdings Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - KOSE Holdings Corporation


Year-on-year evolution of the Yield

Valuation ratios - Yield - KOSE Holdings Corporation
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