Company Valuation: LEC, Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 43,215 30,341 27,904 38,879 37,136 36,628
Change - -29.79% -8.03% 39.33% -4.48% -1.37%
Enterprise Value (EV) 1 47,191 41,521 40,882 49,688 53,220 48,414
Change - -12.01% -1.54% 21.54% 7.11% -9.03%
P/E 10.5x 13.4x 29.8x 49.2x 22.7x 12.4x
PBR 1.32x 0.89x 0.81x 1.09x 1.12x 0.97x
PEG - -0.3x -0.5x -3.1x 0x 0.2x
Capitalization / Revenue 0.87x 0.59x 0.5x 0.64x 0.56x 0.54x
EV / Revenue 0.95x 0.81x 0.74x 0.82x 0.8x 0.71x
EV / EBITDA 5.98x 6.03x 7.08x 8.14x 8.47x 6.73x
EV / EBIT 8.94x 12.9x 44.9x 30.5x 19.6x 11.7x
EV / FCF -13.9x -6.09x -103x 16.5x 30.1x 9.56x
FCF Yield -7.21% -16.4% -0.97% 6.06% 3.32% 10.5%
Dividend per Share 2 34 30 20 20 20 27
Rate of return 2.69% 3.41% 2.48% 1.79% 1.68% 2.41%
EPS 2 120.5 65.7 26.98 22.66 52.35 90.54
Distribution rate 28.2% 45.7% 74.1% 88.3% 38.2% 29.8%
Net sales 1 49,684 51,423 55,461 60,783 66,304 68,294
EBITDA 1 7,894 6,891 5,772 6,106 6,280 7,195
EBIT 1 5,278 3,208 911 1,629 2,712 4,138
Net income 1 4,168 2,282 942 796 1,729 2,978
Net Debt 1 3,976 11,180 12,978 10,809 16,084 11,786
Reference price 2 1,263.00 880.00 805.00 1,115.00 1,189.00 1,119.00
Nbr of stocks (in thousands) 34,216 34,479 34,664 34,869 31,233 32,733
Announcement Date 6/29/21 6/28/22 6/28/23 6/26/24 6/26/25 6/24/26
1JPY in Million2JPY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 195M
16.88x3.03x10.94x4.43% 41.01B
25.65x3.9x16.66x1.3% 22.52B
14.3x1.93x10.55x6.26% 9.87B
13.63x1.59x9.03x4.15% 4.65B
14.61x1.69x10.07x10.09% 3.46B
18.8x0.91x6.89x1.96% 3.04B
32.79x4.04x21.99x - 2.72B
26.39x1.11x17.9x3.99% 1.76B
Average 20.38x 2.27x 13.00x 4.6% 9.91B
Weighted average by Cap. 19.29x 2.92x 12.55x 3.94%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA