Company Valuation: ORIX Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 2,853,231 2,496,074 3,798,509 3,503,942 4,880,583 6,626,370 - -
Change - -12.52% 52.18% -7.75% 39.29% 35.77% - -
Enterprise Value (EV) 6,765,089 6,982,733 8,813,673 8,464,757 9,967,478 6,626,370 6,626,370 6,626,370
Change - 3.22% 26.22% -3.96% 17.75% -33.52% 0% 0%
P/E 9.44x 9.41x 11.1x 10x 11.5x 7.75x 12.8x 11.6x
PBR 0.9x 0.76x 0.96x 0.86x 1.13x 1.33x 1.27x 1.21x
PEG - -0.9x 0.4x 3.25x 0.4x 0.1x -0.3x 1.1x
Capitalization / Revenue 1.13x 0.94x 1.35x 1.22x 1.47x 1.94x 1.84x 1.71x
EV / Revenue 0x 0x 0x 0x 0x 1.94x 1.84x 1.71x
EV / EBITDA 0x 0x 0x 0x 0x 15.7x 13.5x 12.6x
EV / EBIT 0x 0x 0x 0x 0x 13x 13.4x 12x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 85.6 85.6 98.6 120 156.1 195.2 194.1 207.6
Rate of return 3.5% 3.93% 2.99% 3.89% 3.39% 3.23% 3.21% 3.43%
EPS 2 259.4 231.4 298.6 307.7 400.3 781.1 472.8 522.3
Distribution rate 33% 37% 33% 39% 39% 25% 41% 39.7%
Net sales 1 2,520,365 2,666,373 2,814,361 2,874,821 3,330,831 3,424,221 3,594,709 3,875,320
EBITDA 1 632,434 667,422 724,955 731,353 861,039 422,686 491,510 524,977
EBIT 1 302,083 313,988 360,713 331,826 456,248 508,094 496,095 550,407
Net income 1 312,135 273,075 346,132 351,630 447,265 863,180 493,735 531,138
Net Debt 3,911,858 4,486,659 5,015,164 4,960,815 5,086,895 - - -
Reference price 2 2,447.50 2,176.50 3,299.00 3,084.00 4,607.00 6,050.00 6,050.00 6,050.00
Nbr of stocks (in thousands) 1,165,774 1,146,829 1,151,412 1,136,168 1,059,384 1,095,268 - -
Announcement Date 5/11/22 5/10/23 5/8/24 5/12/25 5/11/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.87x - - 3.18% 42.51B
18.25x3.39x9.3x3.14% 62.94B
12.76x - - 2.19% 14.27B
8.02x0.97x - 3.32% 13.36B
12.27x0.83x - 1.99% 8.82B
8.11x - - 6.55% 7.02B
20.79x24.45x78.12x2.24% 4.48B
-79.86x2.7x14.32x1.43% 4.26B
24x - - 1.75% 3.94B
Average 3.58x 6.47x 33.91x 2.87% 17.96B
Weighted average by Cap. 11.05x 3.78x 13.90x 3.06%

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

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