Company Valuation: M3, Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 3,033,456 2,241,071 1,451,044 1,155,714 1,071,551 1,241,752 - -
Change - -26.12% -35.25% -20.35% -7.28% 15.88% - -
Enterprise Value (EV) 1 2,892,240 2,133,134 1,311,648 1,045,201 948,523 1,102,319 1,071,879 1,038,474
Change - -26.25% -38.51% -20.31% -9.25% 16.21% -2.76% -3.12%
P/E 47.5x 45.7x 32x 28.5x 22.1x 22.8x 20.3x 18.1x
PBR 11.8x 7.43x 4.14x 3.07x 2.64x 2.88x 2.63x 2.38x
PEG - -2x -4.17x -2.7x 1x 1.8x 1.6x 1.5x
Capitalization / Revenue 14.6x 9.71x 6.07x 4.06x 3.05x 3.16x 2.89x 2.63x
EV / Revenue 13.9x 9.24x 5.49x 3.67x 2.7x 2.81x 2.5x 2.2x
EV / EBITDA 28.5x 26.9x 17.9x 13.9x 10.4x 11x 9.71x 8.46x
EV / EBIT 30.4x 29.6x 20.4x 16.6x 12.9x 13.4x 11.6x 10.1x
EV / FCF 101x 60.6x 25.5x 83x 17.4x 21.2x 17.8x 15.8x
FCF Yield 0.99% 1.65% 3.91% 1.2% 5.73% 4.73% 5.6% 6.34%
Dividend per Share 2 16 19 21 21 22 24.71 27.17 29.21
Rate of return 0.36% 0.58% 0.98% 1.23% 1.37% 1.33% 1.46% 1.57%
EPS 2 94.06 72.22 66.68 59.62 72.53 81.7 91.81 102.7
Distribution rate 17% 26.3% 31.5% 35.2% 30.3% 30.2% 29.6% 28.4%
Net sales 1 208,159 230,818 238,883 284,900 351,363 392,634 429,546 472,513
EBITDA 1 101,415 79,417 73,259 75,176 90,776 99,919 110,375 122,799
EBIT 1 95,141 71,983 64,381 62,971 73,547 82,525 92,268 103,033
Net income 1 63,845 49,028 45,271 40,484 49,100 54,172 60,609 67,773
Net Debt 1 -141,216 -107,937 -139,396 -110,513 -123,028 -139,433 -169,873 -203,278
Reference price 2 4,469.00 3,301.00 2,137.00 1,702.00 1,605.50 1,860.50 1,860.50 1,860.50
Nbr of stocks (in thousands) 678,777 678,907 679,010 679,033 667,425 667,429 - -
Announcement Date 4/27/22 4/28/23 4/26/24 5/2/25 5/1/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.77x2.81x11.03x1.33% 7.7B
14.44x3.94x9.18x1.43% 494B
21.62x6.4x19.22x-.--% 327B
24.56x2.62x13.52x-.--% 152B
5.56x122.88x4.45x0.1% 137B
33.18x4.04x26.47x-.--% 99.93B
9.07x7.81x89.3x0.69% 89.72B
29.28x5.54x15.65x-.--% 88.39B
75.14x4.45x21.73x-.--% 83.66B
7.84x2.77x39.38x0.6% 36.64B
Average 24.35x 16.33x 24.99x 0.41% 151.5B
Weighted average by Cap. 21.22x 15.40x 19.05x 0.54%

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