Company Valuation: Pilot Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 173,551 189,555 165,727 187,382 181,272 186,433 - -
Change - 9.22% -12.57% 13.07% -3.26% 2.85% - -
Enterprise Value (EV) 136,445 147,892 129,187 148,260 146,028 186,433 186,433 186,433
Change - 8.39% -12.65% 14.76% -1.51% 27.67% 0% 0%
P/E 12.2x 12x 12.1x 12.5x 15.4x 13.6x 12.3x 11.2x
PBR 1.72x 1.63x 1.27x 1.34x 1.25x 1.22x 1.14x 1.06x
PEG - 1.1x -0.9x 1x -0.8x 0.6x 1.2x 1.17x
Capitalization / Revenue 1.68x 1.68x 1.4x 1.49x 1.43x 1.37x 1.31x 1.25x
EV / Revenue 0x 0x 0x 0x 0x 1.37x 1.31x 1.25x
EV / EBITDA - - - 0x - 7.36x 6.78x 6.34x
EV / EBIT 0x 0x 0x 0x 0x 10.1x 9.23x 8.47x
EV / FCF - 0x -0x 0x 0x 23.1x 24.3x 28.5x
FCF Yield - 4.04% -0.67% 5.63% 4.94% 4.33% 4.11% 3.51%
Dividend per Share 2 20 30 33.33 39 40 44.17 53.17 65
Rate of return 1.36% 1.87% 2.38% 2.41% 2.46% 2.49% 3% 3.67%
EPS 2 120.6 133.3 115.4 129.5 105.7 130.2 144.1 157.8
Distribution rate 16.6% 22.5% 28.9% 30.1% 37.9% 33.9% 36.9% 41.2%
Net sales 1 103,057 112,850 118,590 126,168 126,391 135,860 142,525 149,565
EBITDA 1 - - - 22,895 - 25,330 27,485 29,405
EBIT 1 19,325 21,244 19,003 17,805 16,649 18,495 20,200 22,020
Net income 1 14,270 15,773 13,661 15,181 12,064 13,900 15,055 16,365
Net Debt -37,106 -41,663 -36,540 -39,122 -35,244 - - -
Reference price 2 1,466.67 1,601.67 1,400.33 1,620.67 1,624.33 1,771.50 1,771.50 1,771.50
Nbr of stocks (in thousands) 118,330 118,348 118,348 115,620 111,598 105,240 - -
Announcement Date 2/14/22 2/13/23 2/13/24 2/14/25 2/13/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.86x0.72x8.9x4.82% 2.9B
16.99x0.61x6.27x2.98% 2.22B
59.41x6x34.4x0.23% 1.42B
15.82x1.33x6.95x2.03% 909M
32.08x0.56x27.18x2.99% 856M
12.93x1.01x5.66x2.78% 533M
Average 25.18x 1.70x 14.89x 2.64% 1.47B
Weighted average by Cap. 23.89x 1.61x 13.72x 3.03%

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