Company Valuation: MKSystem Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 4,858 3,962 2,312 2,258 1,927 1,672
Change - -18.44% -41.64% -2.35% -14.66% -13.24%
Enterprise Value (EV) 1 4,615 3,803 2,222 2,159 2,542 2,268
Change - -17.59% -41.57% -2.85% 17.74% -10.78%
P/E 24.7x 28.7x 25.4x 15.6x -2.88x -14.2x
PBR 3.82x 2.9x 1.63x 1.49x 2.39x 2.51x
PEG - -1x -0.7x 0.3x 0x 0.2x
Capitalization / Revenue 2.04x 1.62x 0.84x 0.79x 0.73x 0.51x
EV / Revenue 1.94x 1.56x 0.81x 0.75x 0.96x 0.69x
EV / EBITDA 7.41x 6.55x 3.98x 3.54x 49.8x 5.86x
EV / EBIT 14.7x 17.3x 15.3x 9.81x -7.28x -98.6x
EV / FCF 8.07x -70.8x 76.6x 133x -6.46x 19.5x
FCF Yield 12.4% -1.41% 1.31% 0.75% -15.5% 5.13%
Dividend per Share 2 8 8 8 8 4 4
Rate of return 0.89% 1.1% 1.88% 1.92% 1.13% 1.3%
EPS 2 36.3 25.43 16.77 26.72 -123.1 -21.74
Distribution rate 22% 31.5% 47.7% 29.9% -3.25% -18.4%
Net sales 1 2,380 2,439 2,742 2,867 2,639 3,290
EBITDA 1 623 581 559 610 51 387
EBIT 1 314 220 145 220 -349 -23
Net income 1 197 138 91 145 -668 -118
Net Debt 1 -243 -159 -90 -99 615 596
Reference price 2 895.00 730.00 426.00 416.00 355.00 308.00
Nbr of stocks (in thousands) 5,428 5,427 5,427 5,427 5,427 5,427
Announcement Date 6/25/20 6/22/21 6/21/22 6/30/23 6/27/24 6/25/25
1JPY in Million2JPY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 9.42M
20.44x3.53x9.08x1.03% 136B
-926.64x29.98x128.34x-.--% 85.68B
-17.6x6.82x11.77x-.--% 44.6B
48.44x4.59x18.22x-.--% 13.86B
652.25x12.29x32.1x-.--% 13.58B
48.56x4.94x16.13x-.--% 13.05B
-57.58x189.58x-66.24x - 8.35B
26.69x6.21x13.97x-.--% 5.22B
14.69x3.12x8.29x-.--% 4.49B
Average -21.20x 29.01x 19.07x 0.13% 32.49B
Weighted average by Cap. -207.82x 16.24x 40.67x 0.44%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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