Company Valuation: NSW Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 31,095 32,645 32,317 46,933 44,028 36,503
Change - 4.98% -1% 45.23% -6.19% -17.09%
Enterprise Value (EV) 1 18,712 17,469 16,965 28,121 24,362 16,853
Change - -6.65% -2.88% 65.76% -13.37% -30.82%
P/E 11.2x 9.41x 7.9x 10.9x 12x 9.84x
PBR 1.32x 1.23x 1.08x 1.41x 1.24x 0.96x
PEG - 0.4x 0.4x 2.26x -0.8x 7.67x
Capitalization / Revenue 0.79x 0.75x 0.7x 0.93x 0.88x 0.7x
EV / Revenue 0.48x 0.4x 0.37x 0.56x 0.49x 0.32x
EV / EBITDA 3.99x 3.19x 2.91x 4.44x 3.68x 2.92x
EV / EBIT 4.46x 3.55x 3.15x 4.8x 3.98x 3.19x
EV / FCF 14.5x 5.34x 14.7x 7.55x 8.67x 9.52x
FCF Yield 6.89% 18.7% 6.82% 13.3% 11.5% 10.5%
Dividend per Share 2 40 50 55 85 85 125
Rate of return 1.92% 2.28% 2.54% 2.7% 2.88% 5.1%
EPS 2 185.6 232.8 274.5 287.7 245.8 248.9
Distribution rate 21.6% 21.5% 20% 29.5% 34.6% 50.2%
Net sales 1 39,282 43,452 46,188 50,299 50,028 52,431
EBITDA 1 4,686 5,477 5,831 6,329 6,613 5,772
EBIT 1 4,198 4,921 5,388 5,863 6,116 5,290
Net income 1 2,765 3,469 4,090 4,287 3,662 3,709
Net Debt 1 -12,383 -15,176 -15,352 -18,812 -19,666 -19,650
Reference price 2 2,087.00 2,191.00 2,169.00 3,150.00 2,955.00 2,450.00
Nbr of stocks (in thousands) 14,900 14,899 14,899 14,899 14,899 14,899
Announcement Date 6/23/21 6/22/22 6/21/23 6/24/24 6/23/25 6/26/26
1JPY in Million2JPY
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 234M
22.19x3.61x12.6x3.02% 211B
-102.81x16.32x94.23x-.--% 102B
12.28x1.36x7.12x3.91% 102B
15.34x2.8x10.59x5.36% 89.66B
20.46x5.35x13.13x2.8% 61.3B
14.8x2.16x9.15x5.28% 47.94B
20.64x1.69x10.33x1.42% 39.83B
21.15x1.56x9.88x0.9% 39.45B
18.35x2.36x11.29x4.71% 38.18B
Average 4.71x 4.13x 19.81x 3.04% 73.05B
Weighted average by Cap. 1.60x 4.74x 22.43x 3.03%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA