Company Valuation: Nipro Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 167,011 166,195 199,874 221,565 253,125 262,201 - -
Change - -0.49% 20.26% 10.85% 14.24% 3.59% - -
Enterprise Value (EV) 1 636,521 672,257 730,303 745,971 796,341 771,327 751,558 726,223
Change - 5.61% 8.63% 2.15% 6.75% -3.14% -2.56% -3.37%
P/E 12.4x 36.3x 18x 43.3x 18.7x 17.2x 13.3x 9.88x
PBR 0.9x 0.81x 0.86x 0.88x 0.92x 0.93x 0.87x 0.82x
PEG - -0.6x 0x -0.8x 0x 1.4x 0.4x 0.3x
Capitalization / Revenue 0.34x 0.3x 0.34x 0.34x 0.38x 0.37x 0.36x 0.34x
EV / Revenue 1.29x 1.23x 1.24x 1.16x 1.21x 1.1x 1.03x 0.95x
EV / EBITDA 9.09x 10.1x 8.99x 8.09x 7.86x 7.34x 6.58x 5.85x
EV / EBIT 26.7x 37.9x 32.7x 28x 21.2x 19.3x 16.3x 13.9x
EV / FCF -62.3x -11x -24x -218x -48.4x 37.2x 44.1x 31.2x
FCF Yield -1.61% -9.12% -4.17% -0.46% -2.06% 2.69% 2.27% 3.21%
Dividend per Share 2 27 22 25 25 29 36.25 45.5 56.25
Rate of return 2.64% 2.16% 2.04% 1.84% 1.87% 2.27% 2.85% 3.53%
EPS 2 82.5 28.05 68.12 31.36 82.8 92.77 120.4 161.5
Distribution rate 32.7% 78.4% 36.7% 79.7% 35% 39.1% 37.8% 34.8%
Net sales 1 494,789 545,199 586,785 644,586 660,538 700,654 728,900 761,413
EBITDA 1 70,046 66,472 81,207 92,246 101,361 105,023 114,303 124,083
EBIT 1 23,882 17,729 22,335 26,598 37,624 39,981 46,073 52,136
Net income 1 13,455 4,574 11,109 5,113 13,504 15,393 19,953 24,140
Net Debt 1 469,510 506,062 530,429 524,406 543,216 509,126 489,357 464,022
Reference price 2 1,024.00 1,019.00 1,225.50 1,358.50 1,552.00 1,595.00 1,595.00 1,595.00
Nbr of stocks (in thousands) 163,097 163,097 163,096 163,096 163,096 164,389 - -
Announcement Date 5/11/22 5/11/23 5/10/24 5/12/25 5/12/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
31.92x4.3x16.65x2.31% 193B
20.52x3.56x12.5x3.28% 117B
16.98x0.2x12.29x0.77% 59.89B
32.4x8.09x20.64x1.23% 56.01B
35.07x3.39x11.63x2.16% 49.96B
36.67x6.45x20.26x-.--% 33.87B
46.3x1.32x12.04x0.16% 31.36B
40.37x7.07x25.37x0.26% 24.59B
20.68x3.14x11.72x1.4% 24.77B
Average 31.21x 4.17x 15.90x 1.29% 65.53B
Weighted average by Cap. 29.37x 4.05x 15.46x 1.86%

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