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 12,324,196 - -
Change - 7.6% 11.91% -20.81% 6.91% -3.72% - -
Enterprise Value (EV) 1 19,841,020 21,865,382 24,848,999 21,982,339 27,797,451 26,472,067 26,491,493 26,438,469
Change - 10.2% 13.65% -11.54% 26.45% -4.77% 0.07% -0.2%
P/E 10.8x 11.4x 11.9x 12.1x 12.5x 12.1x 11.2x 10.3x
PBR 1.52x 1.58x 1.54x 1.17x 1.32x 1.22x 1.16x 1.1x
PEG - 2.01x 1.42x -0.6x 2.3x -17.77x 1.35x 1.21x
Capitalization / Revenue 1.03x 1.03x 1.13x 0.87x 0.89x 0.82x 0.79x 0.76x
EV / Revenue 1.63x 1.66x 1.86x 1.6x 1.93x 1.75x 1.7x 1.64x
EV / EBITDA 5.96x 6.65x 7x 6.52x 7.95x 7.5x 7.2x 6.9x
EV / EBIT 11.2x 12x 12.9x 13.3x 16.3x 15.3x 14.3x 13.5x
EV / FCF 15.1x 41.7x 64.6x 79.5x -33.1x 42.6x 37.2x 33.9x
FCF Yield 6.61% 2.4% 1.55% 1.26% -3.02% 2.35% 2.69% 2.95%
Dividend per Share 2 4.6 4.8 5.1 5.2 5.3 5.392 5.614 5.885
Rate of return 3.24% 3.03% 2.84% 3.59% 3.37% 3.56% 3.71% 3.89%
EPS 2 13.17 13.92 15.09 11.96 12.61 12.52 13.57 14.72
Distribution rate 34.9% 34.5% 33.8% 43.5% 42% 43.1% 41.4% 40%
Net sales 1 12,156,447 13,136,200 13,374,569 13,704,727 14,409,121 15,085,553 15,599,396 16,136,273
EBITDA 1 3,329,776 3,290,200 3,551,496 3,371,606 3,497,204 3,528,998 3,680,598 3,833,685
EBIT 1 1,768,593 1,829,000 1,922,910 1,649,571 1,706,221 1,734,666 1,848,929 1,961,247
Net income 1 1,181,083 1,213,100 1,279,521 1,000,016 1,037,032 1,009,719 1,079,026 1,151,666
Net Debt 1 7,286,490 8,356,613 9,731,137 10,010,100 14,997,657 14,147,871 14,167,298 14,114,274
Reference price 2 141.80 158.48 179.80 144.70 157.20 151.30 151.30 151.30
Nbr of stocks (in thousands) 88,536,882 85,239,584 84,081,549 82,738,351 81,423,625 81,455,358 - -
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.($)
12.08x1.75x7.5x3.56% 75.29B
11.47x1.35x4.31x6.89% 229B
10x2.46x6.51x6.09% 193B
13.1x2.11x5.48x4.28% 144B
11.96x0.84x3.16x6.65% 78.8B
13.13x2.03x5.15x2.41% 78.42B
15.43x2.68x8.41x5.09% 57.5B
23.63x5.33x19.45x4.53% 55.55B
15.75x1.81x5.66x4.87% 48.93B
14.48x2.6x6x4.65% 47.54B
Average 14.10x 2.30x 7.16x 4.9% 100.82B
Weighted average by Cap. 12.88x 2.09x 6.32x 5.31%

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