Company Valuation: Roland Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 108,225 94,750 120,692 108,383 94,049 110,909 - -
Change - -12.45% 27.38% -10.2% -13.23% 17.93% - -
Enterprise Value (EV) 1 107,310 112,896 133,104 112,395 102,210 121,804 118,553 114,867
Change - 5.2% 17.9% -15.56% -9.06% 19.17% -2.67% -3.11%
P/E 12.6x 10.6x 14.8x 18.3x 43.7x 14.4x 12.7x 11.3x
PBR 3.81x 2.83x 3.04x 2.34x 2.29x 2.5x 2.31x 2.14x
PEG - 2.33x -1.67x -0.7x -0.7x 0x 0.9x 0.9x
Capitalization / Revenue 1.35x 0.99x 1.18x 1.09x 0.93x 1.03x 0.99x 0.95x
EV / Revenue 1.34x 1.18x 1.3x 1.13x 1.01x 1.13x 1.06x 0.99x
EV / EBITDA 8.45x 8.8x 9.1x 8.75x 8.25x 9.11x 8.1x 7.29x
EV / EBIT 9.67x 10.5x 11.2x 11.3x 10.9x 11.5x 9.83x 8.57x
EV / FCF 26x -10.7x 10.8x 10.7x 14.1x 27.2x 15.2x 13.8x
FCF Yield 3.84% -9.35% 9.27% 9.36% 7.1% 3.68% 6.59% 7.25%
Dividend per Share 2 138 156 170 170 170 170 180 200
Rate of return 3.51% 4.48% 3.86% 4.34% 4.76% 4.04% 4.28% 4.76%
EPS 2 312.7 327 298 214.8 81.69 291.9 331.2 373.1
Distribution rate 44.1% 47.7% 57.1% 79.2% 208% 58.2% 54.3% 53.6%
Net sales 1 80,032 95,840 102,445 99,433 100,952 107,804 112,179 116,558
EBITDA 1 12,705 12,826 14,626 12,843 12,387 13,369 14,636 15,759
EBIT 1 11,093 10,751 11,871 9,951 9,412 10,613 12,057 13,406
Net income 1 8,586 8,938 8,151 5,976 2,168 7,722 8,761 9,745
Net Debt 1 -915 18,146 12,412 4,012 8,161 10,896 7,645 3,958
Reference price 2 3,930.00 3,480.00 4,405.00 3,920.00 3,570.00 4,205.00 4,205.00 4,205.00
Nbr of stocks (in thousands) 27,538 27,227 27,399 27,649 26,344 26,375 - -
Announcement Date 2/10/22 2/13/23 2/14/24 2/13/25 2/13/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.4x1.13x9.11x4.04% 696M
18.39x0.94x7.89x2.17% 3.43B
Average 16.40x 1.03x 8.50x 3.11% 2.06B
Weighted average by Cap. 17.72x 0.97x 8.10x 2.49%

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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