Company Valuation: LINTEC Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 171,193 147,998 216,498 186,988 293,357 367,446 - -
Change - -13.55% 46.28% -13.63% 56.89% 25.26% - -
Enterprise Value (EV) 1 119,883 112,528 164,382 141,822 237,910 307,579 300,946 287,546
Change - -6.14% 46.08% -13.72% 67.75% 29.28% -2.16% -4.45%
P/E 10.5x 12.9x 41.3x 13x 16.9x 16.7x 13.8x 13.1x
PBR 0.81x 0.65x 0.93x 0.76x 1.14x 1.39x 1.25x 1.17x
PEG - -0.5x -0.8x 0x 0.7x 0.6x 0.7x 2.25x
Capitalization / Revenue 0.67x 0.52x 0.78x 0.59x 0.92x 1.09x 1.05x 1.02x
EV / Revenue 0.47x 0.4x 0.59x 0.45x 0.74x 0.91x 0.86x 0.8x
EV / EBITDA 3.46x 3.92x 6.2x 3.38x 6.28x 6.45x 5.63x 5.12x
EV / EBIT 5.55x 8.16x 15.5x 5.77x 9.46x 10.2x 8.2x 7.35x
EV / FCF 24x -18.1x 9.29x 14.2x 12.7x 21.2x 13.9x 11.7x
FCF Yield 4.17% -5.51% 10.8% 7.02% 7.89% 4.72% 7.19% 8.54%
Dividend per Share 2 88 88 88 100 110 127.5 154 164.8
Rate of return 3.62% 4.06% 2.78% 3.63% 2.46% 2.27% 2.75% 2.94%
EPS 2 232.1 167.8 76.66 212 264.5 335 405.2 428.8
Distribution rate 37.9% 52.4% 115% 47.2% 41.6% 38.1% 38% 38.4%
Net sales 1 256,836 284,603 276,321 315,978 319,385 338,600 349,460 359,520
EBITDA 1 34,679 28,686 26,530 41,925 37,875 47,667 53,450 56,200
EBIT 1 21,584 13,796 10,628 24,562 25,156 30,120 36,700 39,100
Net income 1 16,641 11,512 5,243 14,476 17,374 21,900 26,460 28,180
Net Debt 1 -51,310 -35,470 -52,116 -45,166 -55,447 -59,867 -66,500 -79,900
Reference price 2 2,431.00 2,165.00 3,165.00 2,756.00 4,480.00 5,610.00 5,610.00 5,610.00
Nbr of stocks (in thousands) 70,421 68,359 68,404 67,848 65,481 65,498 - -
Announcement Date 5/9/22 5/8/23 5/8/24 5/8/25 5/8/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.75x0.91x6.45x2.27% 2.33B
14.59x1.54x8.57x2.83% 33.13B
12.73x1.27x6.9x1.92% 2.75B
13.1x1.42x7.22x - 1.3B
19.53x - - - 897M
Average 15.34x 1.28x 7.29x 2.34% 8.08B
Weighted average by Cap. 14.65x 1.48x 8.28x 2.73%

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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-40%: Exceptional extension
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