Company Valuation: OSG Corporation

Data adjusted to current consolidation scope
Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 160,712 185,149 176,606 150,871 188,828 282,097 - -
Change - 15.21% -4.61% -14.57% 25.16% 49.39% - -
Enterprise Value (EV) 1 144,566 164,021 147,311 121,902 181,433 271,997 283,397 274,597
Change - 13.46% -10.19% -17.25% 48.83% 49.92% 4.19% -3.11%
P/E 14.6x 11.3x 12.3x 11.8x 13.4x 13.4x 12.1x 11.4x
PBR 1.12x 1.12x 0.97x 0.89x 1.04x 1.5x 1.43x 1.35x
PEG - 0.2x -0.9x -50.33x 0.9x 0.3x 1.1x 1.9x
Capitalization / Revenue 1.27x 1.3x 1.2x 0.97x 1.18x 1.53x 1.43x 1.37x
EV / Revenue 1.15x 1.15x 1x 0.78x 1.13x 1.47x 1.44x 1.33x
EV / EBITDA 5.26x 5.06x 4.64x 3.85x 5.51x 6.54x 6.35x 5.79x
EV / EBIT 8.98x 7.49x 7.44x 6.46x 8.92x 9.15x 8.66x 7.85x
EV / FCF 4.26x 20.5x 9.96x 9.86x 14.6x 20x 18.5x 14.1x
FCF Yield 23.5% 4.88% 10% 10.1% 6.84% 5% 5.4% 7.09%
Dividend per Share 2 36 60 60 60 88 121.7 125.5 134.5
Rate of return 2.19% 3.1% 3.26% 3.42% 3.83% 3.54% 3.66% 3.92%
EPS 2 112.6 171.5 149.3 148.9 172.1 255.6 283.2 300.2
Distribution rate 32% 35% 40.2% 40.3% 51.1% 47.6% 44.3% 44.8%
Net sales 1 126,156 142,525 147,703 155,517 160,619 184,875 197,400 205,775
EBITDA 1 27,491 32,396 31,740 31,697 32,928 41,600 44,633 47,400
EBIT 1 16,105 21,898 19,800 18,868 20,330 29,725 32,725 34,975
Net income 1 10,989 16,534 14,307 13,439 14,334 21,650 23,550 25,025
Net Debt 1 -16,146 -21,128 -29,295 -28,969 -7,395 -10,100 1,300 -7,500
Reference price 2 1,646.00 1,936.00 1,841.00 1,753.00 2,298.50 3,433.00 3,433.00 3,433.00
Nbr of stocks (in thousands) 97,638 95,635 95,930 86,065 82,153 82,172 - -
Announcement Date 1/12/22 1/12/23 1/11/24 1/9/25 1/8/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
49.47x10.77x34.54x1.13% 3.56B
32.34x - - - 3B
25.59x1.17x9.21x3.83% 2.5B
11.29x2.16x6.91x3.94% 2.25B
5.97x0.85x4.07x2.71% 2.24B
11.88x1.04x6.9x2.29% 2.28B
22.59x - - - 2.11B
Average 22.73x 3.20x 12.32x 2.78% 2.56B
Weighted average by Cap. 25.11x 3.93x 14.52x 2.63%

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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