Company Valuation: NTT, Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 12,554,530 13,508,769 15,117,862 11,972,239 12,799,794 14,110,880 - -
Change - 7.6% 11.91% -20.81% 6.91% 10.24% - -
Enterprise Value (EV) 1 19,841,020 21,865,382 24,848,999 21,982,339 27,797,451 28,341,025 28,387,814 28,299,606
Change - 10.2% 13.65% -11.54% 26.45% 1.96% 0.17% -0.31%
P/E 10.8x 11.4x 11.9x 12.1x 12.5x 13.5x 12.5x 11.5x
PBR 1.52x 1.58x 1.54x 1.17x 1.32x 1.39x 1.32x 1.24x
PEG - 2.01x 1.42x -0.6x 2.3x 8.52x 1.48x 1.42x
Capitalization / Revenue 1.03x 1.03x 1.13x 0.87x 0.89x 0.93x 0.9x 0.87x
EV / Revenue 1.63x 1.66x 1.86x 1.6x 1.93x 1.86x 1.8x 1.74x
EV / EBITDA 5.96x 6.65x 7x 6.52x 7.95x 8.11x 7.8x 7.47x
EV / EBIT 11.2x 12x 12.9x 13.3x 16.3x 16.2x 15.2x 14.3x
EV / FCF 15.1x 41.7x 64.6x 79.5x -33.1x 52.3x 58x 56.5x
FCF Yield 6.61% 2.4% 1.55% 1.26% -3.02% 1.91% 1.72% 1.77%
Dividend per Share 2 4.6 4.8 5.1 5.2 5.3 5.35 5.641 5.881
Rate of return 3.24% 3.03% 2.84% 3.59% 3.37% 3.09% 3.25% 3.39%
EPS 2 13.17 13.92 15.09 11.96 12.61 12.81 13.89 15.02
Distribution rate 34.9% 34.5% 33.8% 43.5% 42% 41.8% 40.6% 39.2%
Net sales 1 12,156,447 13,136,200 13,374,569 13,704,727 14,409,121 15,209,643 15,736,994 16,272,017
EBITDA 1 3,329,776 3,290,200 3,551,496 3,371,606 3,497,204 3,492,743 3,639,733 3,788,473
EBIT 1 1,768,593 1,829,000 1,922,910 1,649,571 1,706,221 1,748,837 1,873,638 1,984,280
Net income 1 1,181,083 1,213,100 1,279,521 1,000,016 1,037,032 1,032,838 1,103,129 1,173,037
Net Debt 1 7,286,490 8,356,613 9,731,137 10,010,100 14,997,657 14,230,145 14,276,934 14,188,726
Reference price 2 141.80 158.48 179.80 144.70 157.20 173.30 173.30 173.30
Nbr of stocks (in thousands) 88,536,882 85,239,584 84,081,549 82,738,351 81,423,625 81,424,583 - -
Announcement Date 5/12/22 5/12/23 5/10/24 5/9/25 5/8/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
9.86x2.43x6.39x6.35% 185B
12.17x2.08x5.36x4.45% 135B
13.47x1.86x8.1x3.1% 88.42B
12.03x1.86x4.68x2.73% 65.08B
14.54x2.62x8.17x5.27% 55.75B
22.25x5.15x18.78x4.89% 52.52B
14.48x2.67x5.94x4.48% 49.96B
9.65x1.7x5.14x5.62% 41.43B
23.98x3.27x7.17x4.21% 39.48B
Average 14.71x 2.63x 7.75x 4.57% 79.12B
Weighted average by Cap. 13.32x 2.48x 7.24x 4.77%

Y-o-Y evolution of P/E

Valuation ratios - P/E - NTT, Inc.

Historical PBR trend

Valuation ratios - PBR - NTT, Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - NTT, Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - NTT, Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - NTT, Inc.