Company Valuation: Nichirei Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2026 2027 2028 2029
Market Cap 1 306,757 344,486 529,154 493,593 538,827 - -
Change - 12.3% 53.61% - 9.16% - -
Enterprise Value (EV) 1 388,058 431,220 595,827 555,239 637,807 633,572 609,227
Change - 11.12% 38.17% - 14.87% -0.66% -3.84%
P/E 13.4x 16.1x 21.6x 18.1x 16.5x 15.2x 13.8x
PBR 1.45x 1.53x 2.09x 1.72x 1.69x 1.58x 1.48x
PEG - -2.97x 1.5x - 0.9x 1.69x 1.39x
Capitalization / Revenue 0.51x 0.52x 0.78x 0.69x 0.7x 0.67x 0.66x
EV / Revenue 0.64x 0.65x 0.88x 0.78x 0.83x 0.79x 0.74x
EV / EBITDA 7.39x 7.82x 9.75x 9.09x 8.97x 8.46x 7.87x
EV / EBIT 12.4x 13.1x 16.1x 14.2x 13.7x 12.6x 11x
EV / FCF 44.9x 39.1x 19.3x 66.5x 29.3x 24.8x 22.7x
FCF Yield 2.23% 2.56% 5.18% 1.5% 3.41% 4.03% 4.4%
Dividend per Share 2 25 26 37 47 52.25 55 57
Rate of return 2.11% 1.94% 1.79% 2.39% 2.43% 2.56% 2.65%
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 2,150.00 2,150.00 2,150.00
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.52x0.83x8.97x2.43% 3.29B
20.87x2.88x14.24x3.89% 254B
21.14x2.46x14.51x3.42% 77.69B
18.45x1.89x10.67x3.33% 51.18B
18.66x0.57x10.78x2.4% 41.41B
21.83x3.23x13.17x3.31% 35.36B
12.23x1.96x9.63x6.25% 30.44B
36x3.04x17.99x0.99% 29.72B
67.22x10.27x42.53x1.14% 28.91B
Average 25.88x 3.01x 15.83x 3.02% 61.34B
Weighted average by Cap. 23.32x 2.91x 15.02x 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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