Company Valuation: Nichirei Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2026 2027 2028 2029
Market Cap 1 306,757 344,486 529,154 493,593 552,235 - -
Change - 12.3% 53.61% - 11.88% - -
Enterprise Value (EV) 1 388,058 431,220 595,827 555,239 651,215 646,981 622,635
Change - 11.12% 38.17% - 17.29% -0.65% -3.76%
P/E 13.4x 16.1x 21.6x 18.1x 16.9x 15.5x 14.1x
PBR 1.45x 1.53x 2.09x 1.72x 1.74x 1.62x 1.52x
PEG - -2.97x 1.5x - 0.9x 1.72x 1.42x
Capitalization / Revenue 0.51x 0.52x 0.78x 0.69x 0.72x 0.69x 0.67x
EV / Revenue 0.64x 0.65x 0.88x 0.78x 0.84x 0.81x 0.76x
EV / EBITDA 7.39x 7.82x 9.75x 9.09x 9.16x 8.64x 8.04x
EV / EBIT 12.4x 13.1x 16.1x 14.2x 14x 12.9x 11.3x
EV / FCF 44.9x 39.1x 19.3x 66.5x 29.9x 25.3x 23.2x
FCF Yield 2.23% 2.56% 5.18% 1.5% 3.34% 3.95% 4.3%
Dividend per Share 2 25 26 37 47 52.25 55 57
Rate of return 2.11% 1.94% 1.79% 2.39% 2.37% 2.5% 2.59%
EPS 2 88.36 83.57 95.9 109.1 130.2 141.9 156
Distribution rate 28.3% 31.1% 38.6% 43.1% 40.1% 38.8% 36.5%
Net sales 1 602,696 662,204 680,091 716,144 771,513 800,946 818,250
EBITDA 1 52,499 55,133 61,130 61,086 71,072 74,888 77,400
EBIT 1 31,410 32,935 36,911 38,999 46,418 50,191 55,250
Net income 1 23,382 21,568 24,495 27,332 32,380 35,060 37,650
Net Debt 1 81,301 86,734 66,673 61,646 98,980 94,745 70,400
Reference price 2 1,184.50 1,342.00 2,071.50 1,969.50 2,203.50 2,203.50 2,203.50
Nbr of stocks (in thousands) 258,976 256,696 255,445 250,618 250,617 - -
Announcement Date 5/10/22 5/9/23 5/14/24 5/12/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.93x0.84x9.16x2.37% 3.47B
20.81x2.89x14.3x3.87% 258B
19.85x2.49x14.87x3.3% 79.53B
18.14x1.85x10.46x3.48% 49.97B
16.55x0.53x10.03x2.6% 38.2B
21.23x3.22x13.03x3.3% 35.17B
12.32x1.97x9.67x6.21% 30.65B
70.35x10.75x44.7x1.09% 30.5B
35.07x2.97x17.56x1.02% 29.74B
Average 25.70x 3.06x 15.98x 3.03% 61.64B
Weighted average by Cap. 23.16x 2.97x 15.22x 3.44%

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

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