Company Valuation: Nipro Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 218,061 167,011 166,195 199,874 221,565 261,850 - -
Change - -23.41% -0.49% 20.26% 10.85% 18.18% - -
Enterprise Value (EV) 1 665,623 636,521 672,257 730,303 745,971 757,269 772,099 754,587
Change - -4.37% 5.61% 8.63% 2.15% 1.51% 1.96% -2.27%
P/E 15.3x 12.4x 36.3x 18x 43.3x 18.7x 19.8x 14.3x
PBR 1.35x 0.9x 0.81x 0.86x 0.88x 0.92x 0.95x 0.92x
PEG - -2.34x -0.6x 0x -0.8x 0x -2.06x 0.4x
Capitalization / Revenue 0.48x 0.34x 0.3x 0.34x 0.34x 0.38x 0.38x 0.36x
EV / Revenue 1.46x 1.29x 1.23x 1.24x 1.16x 1.14x 1.11x 1.04x
EV / EBITDA 9.47x 9.09x 10.1x 8.99x 8.09x 7.54x 7.38x 6.59x
EV / EBIT 24.1x 26.7x 37.9x 32.7x 28x 22.7x 20.5x 17.2x
EV / FCF 31.7x -62.3x -11x -24x -218x -26.1x 42.1x 46.3x
FCF Yield 3.16% -1.61% -9.12% -4.17% -0.46% -6.49% 2.38% 2.16%
Dividend per Share 2 28 27 22 25 25 29 33.25 40
Rate of return 2.09% 2.64% 2.16% 2.04% 1.84% 1.87% 2.07% 2.49%
EPS 2 87.12 82.5 28.05 68.12 31.36 82.8 81.19 112.1
Distribution rate 32.1% 32.7% 78.4% 36.7% 79.7% 35% 41% 35.7%
Net sales 1 455,559 494,789 545,199 586,785 644,586 660,538 695,849 727,072
EBITDA 1 70,253 70,046 66,472 81,207 92,246 101,361 104,676 114,591
EBIT 1 27,627 23,882 17,729 22,335 26,598 37,624 37,727 43,985
Net income 1 14,209 13,455 4,574 11,109 5,113 13,504 13,750 19,146
Net Debt 1 447,562 469,510 506,062 530,429 524,406 495,419 510,249 492,737
Reference price 2 1,337.00 1,024.00 1,019.00 1,225.50 1,358.50 1,605.50 1,605.50 1,605.50
Nbr of stocks (in thousands) 163,097 163,097 163,097 163,096 163,096 163,096 - -
Announcement Date 5/11/21 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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.67x3.49x13.12x2.71% 164B
18.48x3.22x11.33x3.66% 104B
15.73x0.18x11.29x0.83% 55.67B
32.33x7.85x20.51x1.24% 52.92B
38.85x3.07x10.53x2.47% 42.96B
37.21x1.36x11.99x0.21% 32.87B
28.66x5.1x16.26x-.--% 27.07B
41.67x7.22x26.05x0.26% 24.79B
23.73x3.47x12.47x1.22% 21.02B
Average 28.92x 3.88x 14.84x 1.4% 58.32B
Weighted average by Cap. 25.88x 3.62x 13.78x 2.06%

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