Company Valuation: Lihit Lab.,Inc.

Data adjusted to current consolidation scope
Fiscal Period: February 2021 2022 2023 2024 2025 2026
Market Cap 1 2,937 2,711 3,013 3,298 3,871 4,211
Change - -7.69% 11.14% 9.45% 17.39% 8.76%
Enterprise Value (EV) 1 1,891 1,150 2,381 2,807 1,976 3,765
Change - -39.17% 107% 17.88% -29.59% 90.48%
P/E 8.34x 10.3x -126x -35.5x 9.42x 62.8x
PBR 0.31x 0.27x 0.29x 0.32x 0.36x 0.38x
PEG - -0.4x 1x -0x -0x -0.8x
Capitalization / Revenue 0.34x 0.31x 0.35x 0.37x 0.42x 0.46x
EV / Revenue 0.22x 0.13x 0.28x 0.32x 0.21x 0.41x
EV / EBITDA 2.28x 1.75x 17.4x 281x 4.24x 12.3x
EV / EBIT 3.79x 3.33x -15.6x -10.1x 11x 105x
EV / FCF 3.25x 2.67x -2.51x -14.6x 86.9x -2.74x
FCF Yield 30.8% 37.4% -39.8% -6.84% 1.15% -36.5%
Dividend per Share 2 25 25 25 25 25 25
Rate of return 2.89% 3.13% 2.82% 2.57% 2.19% 2.01%
EPS 2 103.8 77.22 -7.073 -27.41 121.1 19.75
Distribution rate 24.1% 32.4% -353% -91.2% 20.6% 127%
Net sales 1 8,564 8,693 8,514 8,803 9,220 9,124
EBITDA 1 829 658 137 10 466 306
EBIT 1 499 345 -153 -279 179 36
Net income 1 352 262 -24 -93 411 67
Net Debt 1 -1,046 -1,561 -632 -491 -1,895 -446
Reference price 2 865.50 799.00 888.00 972.00 1,141.00 1,241.00
Nbr of stocks (in thousands) 3,394 3,393 3,393 3,393 3,393 3,393
Announcement Date 5/28/21 5/27/22 5/26/23 5/24/24 5/23/25 5/20/26
1JPY in Million2JPY
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 24.35M
14.27x0.74x9.71x4.72% 3.04B
17.42x0.63x6.49x2.9% 2.31B
59.71x4.84x32.89x0.17% 1.4B
14.26x - - 2.39% 1.32B
17.31x1.34x7.04x1.85% 935M
28.38x0.51x24.56x3.38% 780M
7.59x1.03x5.59x7.14% 621M
Average 22.71x 1.51x 14.38x 3.22% 1.3B
Weighted average by Cap. 22.02x 1.40x 13.18x 3.2%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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