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.($)
- - - - 142M
14.11x0.79x6.01x2.45% 42.4B
20.69x3.36x14.21x - 28.22B
12.64x1.82x11.31x0% 18.2B
6.4x0.41x2.15x5.78% 17.19B
18.24x1.29x9.85x0.39% 12.61B
39.89x1.38x13.37x0.95% 6.07B
13.25x0.71x6.91x2.4% 5.6B
25.22x0.67x8.63x-.--% 5.06B
11.23x - - - 4.5B
Average 17.96x 1.30x 9.06x 1.71% 14B
Weighted average by Cap. 16.07x 1.48x 8.77x 2.12%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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