Company Valuation: LTS, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 17,067 11,680 12,624 13,172 10,761 9,492
Change - -31.57% 8.09% 4.34% -18.3% -11.79%
Enterprise Value (EV) 1 15,573 10,215 10,323 14,519 9,195 9,033
Change - -34.41% 1.06% 40.64% -36.67% -1.76%
P/E 68x 31.7x 53.2x 29.5x 11.1x 13.9x
PBR 9.88x 5.67x 3.91x 3.65x 2.36x 1.97x
PEG - 0.7x -1.4x 0.3x 0x -0.5x
Capitalization / Revenue 3.07x 1.58x 1.31x 1.08x 0.65x 0.56x
EV / Revenue 2.8x 1.39x 1.07x 1.19x 0.55x 0.53x
EV / EBITDA 29.6x 15.2x 17.1x 17x 6.41x 6.16x
EV / EBIT 32.6x 17x 20.6x 20.2x 8.3x 7.61x
EV / FCF 36x 39.4x -94.9x 32.7x 12.1x -19.3x
FCF Yield 2.78% 2.54% -1.05% 3.06% 8.27% -5.19%
Dividend per Share 2 - - - - 30 35
Rate of return - - - - 1.27% 1.64%
EPS 2 61.08 87.56 53.07 98.08 212.8 153.1
Distribution rate - - - - 14.1% 22.9%
Net sales 1 5,555 7,375 9,637 12,242 16,592 17,101
EBITDA 1 526 673 604 855 1,435 1,467
EBIT 1 478 600 502 717 1,108 1,187
Net income 1 270 388 232 456 973 696
Net Debt 1 -1,494 -1,465 -2,301 1,347 -1,566 -459
Reference price 2 4,155.00 2,775.00 2,824.00 2,892.00 2,358.00 2,132.00
Nbr of stocks (in thousands) 4,108 4,209 4,470 4,555 4,564 4,452
Announcement Date 3/18/21 3/17/22 3/24/23 4/1/24 3/31/25 3/23/26
1JPY in Million2JPY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 48M
37.3x6.8x24.19x0.92% 81.89B
39.09x4.54x14.8x1.17% 20.44B
31.64x1.29x12.92x1.04% 15.93B
19.72x2.08x10.24x3.62% 14.13B
25.2x2.84x12.18x2.97% 12.07B
24.34x3.41x13.11x2.38% 7.7B
15.25x0.66x9.42x1.39% 6.95B
9.91x1.13x5.99x2.13% 5.96B
18.96x0.4x9.36x3.93% 5.39B
Average 24.60x 2.57x 12.47x 2.17% 17.05B
Weighted average by Cap. 31.65x 4.54x 17.80x 1.55%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA