Company Valuation: Lion Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 446,857 430,328 372,218 487,133 456,200 527,188 - -
Change - -3.7% -13.5% 30.87% -6.35% 15.56% - -
Enterprise Value (EV) 1 351,410 361,419 317,033 414,533 396,358 443,888 431,540 408,471
Change - 2.85% -12.28% 30.75% -4.38% 11.99% -2.78% -5.35%
P/E 18.8x 19.7x 25.4x 23x 16.5x 20.9x 19.7x 18x
PBR 1.78x 1.63x 1.33x 1.66x 1.41x 1.55x 1.47x 1.37x
PEG - -3.43x -0.8x 0.5x 0.5x -2.39x 3.26x 1.83x
Capitalization / Revenue 1.22x 1.1x 0.92x 1.18x 1.08x 1.21x 1.19x 1.16x
EV / Revenue 0.96x 0.93x 0.79x 1x 0.94x 1.02x 0.98x 0.9x
EV / EBITDA 7.79x 9.06x 8.34x 9.19x 8.04x 7.73x 7.18x 6.41x
EV / EBIT 11.3x 12.5x 15.5x 15.7x 12.9x 12.3x 11.3x 9.78x
EV / FCF -19.5x 16.1x -67.1x 11.5x -141x 17x 12x 10.6x
FCF Yield -5.12% 6.21% -1.49% 8.68% -0.71% 5.9% 8.33% 9.46%
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% 1.78% 1.89% 2%
EPS 2 81.73 77.04 51.42 76.51 99.74 91.02 96.52 106
Distribution rate 29.4% 32.5% 50.6% 35.3% 30.1% 37.4% 37.4% 36%
Net sales 1 366,200 389,800 402,700 412,943 422,000 436,614 442,143 454,301
EBITDA 1 45,100 39,900 38,000 45,100 49,300 57,451 60,125 63,716
EBIT 1 31,100 28,800 20,500 26,332 30,700 36,035 38,293 41,785
Net income 1 23,700 21,900 14,600 21,197 27,500 25,147 26,551 29,051
Net Debt 1 -95,447 -68,909 -55,185 -72,600 -59,842 -83,300 -95,648 -118,717
Reference price 2 1,537.00 1,514.00 1,308.50 1,762.50 1,649.00 1,905.50 1,905.50 1,905.50
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, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.94x1.02x7.73x1.78% 3.31B
17.67x3.15x11.34x4.24% 44B
27.29x4.12x17.48x1.22% 24.03B
18.26x2.3x12.49x4.75% 12.78B
16.21x1.82x10.35x3.49% 5.53B
15.82x1.85x10.99x9.29% 3.78B
37.03x4.56x24.8x - 3.08B
28.19x2.18x19.36x1.87% 766M
17.43x0.45x6.21x2.69% 667M
Average 22.09x 2.38x 13.42x 3.67% 10.88B
Weighted average by Cap. 20.75x 3.10x 13.26x 3.59%

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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