Company Valuation: Naikai Zosen Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 1,831 2,034 2,687 8,475 9,474 22,693
Change - 11.11% 32.07% 215.44% 11.79% 139.52%
Enterprise Value (EV) 1 4,368 -4,536 2,787 2,629 10,452 12,535
Change - -203.84% 161.44% -5.67% 297.62% 19.93%
P/E -1.89x 14.2x 3.65x 3.75x 9.31x 9.87x
PBR 0.27x 0.3x 0.36x 0.87x 0.87x 1.68x
PEG - -0x 0x 0x -0.2x 0x
Capitalization / Revenue 0.06x 0.06x 0.07x 0.18x 0.21x 0.48x
EV / Revenue 0.14x -0.14x 0.07x 0.06x 0.23x 0.27x
EV / EBITDA 257x -3.55x 1.75x 0.66x 4.68x 3.15x
EV / EBIT -4.9x -9.8x 3.64x 0.83x 7.38x 4.08x
EV / FCF -0.87x -0.48x -0.38x 0.47x -1.47x 1.21x
FCF Yield -115% -208% -265% 215% -67.8% 82.6%
Dividend per Share 2 - 20 40 100 40 100
Rate of return - 1.67% 2.52% 2% 0.72% 0.75%
EPS 2 -572.9 84.37 434.8 1,335 600.4 1,357
Distribution rate - 23.7% 9.2% 7.49% 6.66% 7.37%
Net sales 1 31,121 33,035 37,617 46,383 44,648 47,016
EBITDA 1 17 1,276 1,596 3,999 2,233 3,981
EBIT 1 -891 463 766 3,184 1,416 3,076
Net income 1 -971 143 737 2,261 1,017 2,299
Net Debt 1 2,537 -6,570 100 -5,846 978 -10,158
Reference price 2 1,080.00 1,200.00 1,585.00 5,000.00 5,590.00 13,390.00
Nbr of stocks (in thousands) 1,695 1,695 1,695 1,695 1,695 1,695
Announcement Date 6/24/21 6/24/22 6/23/23 6/21/24 6/27/25 6/25/26
1JPY in Million2JPY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 133M
13.43x0.63x4.92x2.64% 37.89B
22.24x3.59x15.07x - 28.98B
13.26x1.93x12.18x0% 19.16B
7.02x0.48x2.5x5.27% 18.51B
9.03x2.24x6.32x5.31% 14.91B
18.27x1.33x10.15x0.54% 12.62B
42.58x1.55x14.92x0.86% 6.72B
13.57x0.73x7.07x2.56% 5.76B
25.96x0.69x8.81x-.--% 5.27B
Average 18.37x 1.46x 9.10x 2.15% 14.99B
Weighted average by Cap. 16.04x 1.62x 8.76x 2.52%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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