Company Valuation: Lion Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 446,857 430,328 372,218 487,133 456,200 462,448 - -
Change - -3.7% -13.5% 30.87% -6.35% 1.37% - -
Enterprise Value (EV) 1 351,410 361,419 317,033 414,533 396,358 356,109 351,011 324,521
Change - 2.85% -12.28% 30.75% -4.38% -10.15% -1.43% -7.55%
P/E Ratio 18.8x 19.7x 25.4x 23x 16.5x 18.1x 17.7x 16.2x
PBR 1.78x 1.63x 1.33x 1.66x 1.41x 1.36x 1.29x 1.22x
PEG - -3.43x -0.8x 0.5x 0.5x -2.52x 8.17x 1.75x
Capitalization / Revenue 1.22x 1.1x 0.92x 1.18x 1.08x 1.06x 1.05x 1.02x
EV / Revenue 0.96x 0.93x 0.79x 1x 0.94x 0.82x 0.8x 0.72x
EV / EBITDA 7.79x 9.06x 8.34x 9.19x 8.04x 6.22x 5.95x 5.24x
EV / EBIT 11.3x 12.5x 15.5x 15.7x 12.9x 9.94x 9.3x 7.92x
EV / FCF -19.5x 16.1x -67.1x 11.5x - 13.7x 9.59x 8.35x
FCF Yield -5.12% 6.21% -1.49% 8.68% - 7.32% 10.4% 12%
Dividend per Share 2 24 25 26 27 30 34 36.09 38.2
Rate of return 1.56% 1.65% 1.99% 1.53% 1.82% 2.03% 2.16% 2.29%
EPS 2 81.73 77.04 51.42 76.51 99.74 92.58 94.59 103.4
Distribution rate 29.4% 32.5% 50.6% 35.3% 30.1% 36.7% 38.2% 37%
Net sales 1 366,200 389,800 402,700 412,943 422,000 434,551 440,555 452,463
EBITDA 1 45,100 39,900 38,000 45,100 49,300 57,241 59,035 61,969
EBIT 1 31,100 28,800 20,500 26,332 30,700 35,821 37,746 40,961
Net income 1 23,700 21,900 14,600 21,197 27,500 25,581 26,019 28,309
Net Debt 1 -95,447 -68,909 -55,185 -72,600 -59,842 -106,339 -111,437 -137,927
Reference price 2 1,537.00 1,514.00 1,308.50 1,762.50 1,649.00 1,671.50 1,671.50 1,671.50
Nbr of stocks (in thousands) 290,733 284,233 284,462 276,388 276,653 276,667 - -
Announcement Date 2/14/22 2/13/23 2/14/24 2/13/25 2/12/26 - - -
1JPY in Million2JPY
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.05x0.82x6.22x2.03% 2.89B
15.49x2.97x10.66x4.68% 39.77B
25.88x4.05x17.36x1.27% 23.12B
18.74x2.45x13.22x5.17% 11.71B
14.64x1.69x9.46x3.89% 4.96B
14.41x1.78x10.71x10.15% 3.54B
37.23x4.6x25.13x - 3B
21.13x2.29x14.53x2.24% 776M
Average 20.70x 2.58x 13.41x 4.2% 11.22B
Weighted average by Cap. 19.36x 3.04x 13.03x 3.91%

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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