Company Valuation: MITRA Group, Inc.

Data adjusted to current consolidation scope
Fiscal Period: February 2021 2022 2023 2024 2025 2026
Market Cap 1 13,262 7,469 6,635 6,065 6,370 7,752
Change - -43.68% -11.16% -8.59% 5.03% 21.69%
Enterprise Value (EV) 1 10,436 4,703 3,915 3,256 3,500 5,264
Change - -54.94% -16.75% -16.84% 7.5% 50.39%
P/E 36x 18.4x 87.1x 20.3x 18.3x 41.1x
PBR 4.2x 2.21x 2x 1.75x 1.79x 2.22x
PEG - 1.8x -1.1x 0x 1.1x -0.9x
Capitalization / Revenue 4.32x 2.1x 1.79x 1.47x 1.34x 1.53x
EV / Revenue 3.4x 1.32x 1.06x 0.79x 0.74x 1.04x
EV / EBITDA 18.6x 6.74x 10.9x 5.16x 4.96x 8.92x
EV / EBIT 21.2x 7.66x 18.8x 7.14x 7.25x 16.2x
EV / FCF 32.1x 23.2x 9.41x 9.07x 9.02x 43.1x
FCF Yield 3.12% 4.31% 10.6% 11% 11.1% 2.32%
Dividend per Share 2 4 4 4 6 6 6
Rate of return 1.31% 2.33% 2.63% 4.32% 4.11% 3.37%
EPS 2 8.49 9.358 1.744 6.852 7.999 4.33
Distribution rate 47.1% 42.7% 229% 87.6% 75% 139%
Net sales 1 3,072 3,552 3,710 4,138 4,741 5,078
EBITDA 1 561 698 360 631 706 590
EBIT 1 492 614 208 456 483 324
Net income 1 363 406 76 299 349 189
Net Debt 1 -2,826 -2,766 -2,720 -2,809 -2,870 -2,488
Reference price 2 306.00 172.00 152.00 139.00 146.00 178.00
Nbr of stocks (in thousands) 43,339 43,422 43,652 43,633 43,632 43,551
Announcement Date 5/28/21 5/27/22 5/26/23 5/30/24 5/30/25 5/22/26
1JPY in Million2JPY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 41.85M
21.98x0.95x11.53x-.--% 40.84B
20.46x0.84x7.88x2.37% 18.2B
14.48x0.57x9.97x-.--% 15.1B
17.21x3.46x11.1x5.79% 11.21B
19.4x8.27x15.7x4.8% 9.64B
37.71x2.21x8.67x-.--% 7.03B
37.36x1.35x13.19x0.89% 6.33B
49.57x1.1x8.34x0.32% 4.99B
36.05x14.96x - 1.76% 4.55B
Average 28.25x 3.75x 10.80x 1.77% 11.79B
Weighted average by Cap. 23.60x 2.37x 10.82x 1.44%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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