Company Valuation: Life Corporation

Data adjusted to current consolidation scope
Fiscal Period: February 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 142,477 129,604 180,686 157,983 235,242 237,231 - -
Change - -9.04% 39.41% -12.56% 48.9% 0.85% - -
Enterprise Value (EV) 201,775 194,047 225,172 220,677 240,736 237,231 237,231 237,231
Change - -3.83% 16.04% -2% 9.09% -1.46% 0% 0%
P/E 9.37x 9.72x 10.7x 9.36x 12.5x 12.5x 12x 11.7x
PBR 1.29x 1.06x 1.32x 1.14x 1.51x 1.41x 1.31x 1.22x
PEG - -0.8x 0.4x 1.15x 1.1x 20.81x 2.93x 3.65x
Capitalization / Revenue 0.19x 0.17x 0.22x 0.19x 0.27x 0.26x 0.25x 0.24x
EV / Revenue 0x 0x 0x 0x 0x 0.26x 0.25x 0.24x
EV / EBITDA 0x 0x 0x 0x 0x 5.36x 5.12x 4.93x
EV / EBIT 0x 0x 0x 0x 0x 8.91x 8.52x 8.27x
EV / FCF -0x 0x 0x -0x 0x 22.5x 12.3x 11.5x
FCF Yield -19.8% 0.05% 12.4% -0.22% 25.1% 4.45% 8.1% 8.7%
Dividend per Share 2 35 35 45 55 65.5 70 73.33 77
Rate of return 2.3% 2.53% 2.34% 3.01% 2.41% 2.55% 2.67% 2.81%
EPS 2 162.2 142.2 180.5 195.1 217.6 218.9 227.8 235.1
Distribution rate 21.6% 24.6% 24.9% 28.2% 30.1% 32% 32.2% 32.7%
Net sales 1 768,335 765,426 809,709 850,496 881,325 917,233 951,667 987,300
EBITDA 1 37,111 34,235 40,152 41,757 42,830 44,250 46,300 48,100
EBIT 1 22,932 19,148 24,118 25,270 26,006 26,633 27,833 28,700
Net income 1 15,208 13,327 16,938 17,948 18,822 18,937 19,710 20,343
Net Debt 59,298 64,443 44,486 62,694 5,494 - - -
Reference price 2 1,520.00 1,382.50 1,925.00 1,826.00 2,719.00 2,742.00 2,742.00 2,742.00
Nbr of stocks (in thousands) 93,735 93,746 93,863 86,519 86,518 86,518 - -
Announcement Date 4/11/22 4/10/23 4/10/24 4/10/25 4/9/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.75x0.86x5.79x6.38% 37.08B
35.88x1.48x18.48x0.34% 28.38B
16.82x0.59x6.78x2.95% 26.96B
70.09x3.1x40.64x-.--% 26.28B
26.98x0.84x9.01x3.56% 22.68B
16.79x0.39x5.72x3.65% 13.19B
11.31x0.24x4.36x6.51% 13.12B
7.37x1.63x5.59x2.74% 10.84B
20.67x0.8x8.72x2.76% 10.47B
Average 25.07x 1.10x 11.68x 3.21% 21B
Weighted average by Cap. 28.17x 1.19x 13.12x 3.17%

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