Company Valuation: ORIX Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,273,907 2,853,231 2,496,074 3,798,509 3,503,942 6,692,591 - -
Change - 25.48% -12.52% 52.18% -7.75% 91% - -
Enterprise Value (EV) 1 6,046,767 6,765,089 6,982,733 8,813,673 8,464,757 11,995,995 11,988,769 12,087,284
Change - 11.88% 3.22% 26.22% -3.96% 41.72% -0.06% 0.82%
P/E Ratio 12x 9.44x 9.41x 11.1x 10x 11.5x 11.5x 12.7x
PBR 0.75x 0.9x 0.76x 0.96x 0.86x 1.13x 1.37x 1.32x
PEG - 0.1x -0.9x 0.4x 3.25x 0.4x 0.4x -1.34x
Capitalization / Revenue 0.99x 1.13x 0.94x 1.35x 1.22x 1.47x 1.97x 1.9x
EV / Revenue 2.64x 2.68x 2.62x 3.13x 2.94x 3.87x 3.52x 3.43x
EV / EBITDA 23.4x 10.7x 10.5x 12.2x 11.6x 27.5x 26.4x 24x
EV / EBIT 23.4x 22.4x 22.2x 24.4x 25.5x 26.5x 23.4x 23.4x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 78 85.6 85.6 98.6 120 156.1 197.4 192.8
Rate of return 4.18% 3.5% 3.93% 2.99% 3.89% 3.39% 3.24% 3.17%
EPS 2 155.5 259.4 231.4 298.6 307.7 400.3 530.4 480.2
Distribution rate 50.1% 33% 37% 33% 39% 39% 37.2% 40.2%
Net sales 1 2,292,708 2,520,365 2,666,373 2,814,361 2,874,821 3,330,831 3,404,600 3,528,670
EBITDA 1 258,814 632,434 667,422 724,955 731,353 861,039 453,734 503,547
EBIT 1 258,814 302,083 313,988 360,713 331,826 456,248 511,941 515,876
Net income 1 192,384 312,135 273,075 346,132 351,630 447,265 560,112 498,578
Net Debt 1 3,772,860 3,911,858 4,486,659 5,015,164 4,960,815 5,303,404 5,296,178 5,394,693
Reference price 2 1,868.00 2,447.50 2,176.50 3,299.00 3,084.00 6,092.00 6,092.00 6,092.00
Nbr of stocks (in thousands) 1,217,295 1,165,774 1,146,829 1,151,412 1,136,168 1,098,587 - -
Announcement Date 5/13/21 5/11/22 5/10/23 5/8/24 5/12/25 5/11/26 - -
1JPY in Million2JPY
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.92x3.85x27.37x2.59% 41.42B
17.84x3.27x8.95x3.21% 60.42B
7.05x - - 2.59% 12.28B
4.52x1.25x - 3.95% 11.29B
10.55x0.75x - 2.12% 8.24B
8.67x - - 5.94% 6.99B
-171.14x2.95x16.34x0.99% 4.46B
15.17x - - - 4.1B
25.14x - - 1.79% 3.81B
20.23x5.93x14.16x2.56% 3.19B
Average -4.70x 3.00x 16.70x 2.86% 15.62B
Weighted average by Cap. 9.22x 3.17x 16.37x 3%

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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