Company Valuation: Lion Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 446,857 430,328 372,218 487,133 456,200 478,830 - -
Change - -3.7% -13.5% 30.87% -6.35% 4.96% - -
Enterprise Value (EV) 1 351,410 361,419 317,033 414,533 396,358 399,155 386,782 363,813
Change - 2.85% -12.28% 30.75% -4.38% 0.71% -3.1% -5.94%
P/E 18.8x 19.7x 25.4x 23x 16.5x 18.8x 17.8x 16.4x
PBR 1.78x 1.63x 1.33x 1.66x 1.41x 1.41x 1.33x 1.25x
PEG - -3.43x -0.8x 0.5x 0.5x -2.51x 3.47x 1.82x
Capitalization / Revenue 1.22x 1.1x 0.92x 1.18x 1.08x 1.09x 1.07x 1.05x
EV / Revenue 0.96x 0.93x 0.79x 1x 0.94x 0.91x 0.87x 0.79x
EV / EBITDA 7.79x 9.06x 8.34x 9.19x 8.04x 6.87x 6.35x 5.67x
EV / EBIT 11.3x 12.5x 15.5x 15.7x 12.9x 11.2x 9.85x 8.58x
EV / FCF -19.5x 16.1x -67.1x 11.5x -141x 14.4x 10.9x 9.57x
FCF Yield -5.12% 6.21% -1.49% 8.68% -0.71% 6.93% 9.17% 10.4%
Dividend per Share 2 24 25 26 27 30 34 36.08 38.18
Rate of return 1.56% 1.65% 1.99% 1.53% 1.82% 1.96% 2.09% 2.21%
EPS 2 81.73 77.04 51.42 76.51 99.74 92.26 97 105.8
Distribution rate 29.4% 32.5% 50.6% 35.3% 30.1% 36.9% 37.2% 36.1%
Net sales 1 366,200 389,800 402,700 412,943 422,000 440,595 446,270 457,987
EBITDA 1 45,100 39,900 38,000 45,100 49,300 58,061 60,955 64,183
EBIT 1 31,100 28,800 20,500 26,332 30,700 35,515 39,253 42,389
Net income 1 23,700 21,900 14,600 21,197 27,500 25,492 26,665 28,926
Net Debt 1 -95,447 -68,909 -55,185 -72,600 -59,842 -79,675 -92,048 -115,017
Reference price 2 1,537.00 1,514.00 1,308.50 1,762.50 1,649.00 1,730.50 1,730.50 1,730.50
Nbr of stocks (in thousands) 290,733 284,233 284,462 276,388 276,653 276,700 - -
Announcement Date 2/14/22 2/13/23 2/14/24 2/13/25 2/12/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.76x0.91x6.87x1.96% 3.04B
16.93x3.04x10.97x4.41% 41.24B
26.03x3.95x16.89x1.28% 22.86B
14.68x1.97x10.74x6.1% 10.13B
13.38x1.57x8.9x4.23% 4.57B
14.57x1.68x10.04x10.12% 3.45B
32.18x3.96x21.58x - 2.67B
27.02x2.08x18.46x1.95% 732M
Average 20.44x 2.39x 13.06x 4.29% 11.09B
Weighted average by Cap. 19.35x 2.97x 12.57x 3.89%

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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