Company Valuation: Ryoden Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 35,858 37,084 40,841 59,250 54,038 70,600
Change - 3.42% 10.13% 45.07% -8.8% 30.65%
Enterprise Value (EV) 1 15,136 26,267 32,459 43,145 23,343 39,252
Change - 73.54% 23.57% 32.92% -45.9% 68.15%
P/E 15.4x 7.45x 7.64x 10.4x 11.7x 13.4x
PBR 0.51x 0.5x 0.51x 0.68x 0.61x 0.75x
PEG - 0x 1.09x 1.53x -0.6x 1x
Capitalization / Revenue 0.18x 0.16x 0.16x 0.23x 0.25x 0.33x
EV / Revenue 0.08x 0.11x 0.12x 0.17x 0.11x 0.18x
EV / EBITDA 3.95x 3.54x 3.26x 4.81x 3.73x 6.49x
EV / EBIT 4.43x 3.74x 3.46x 5.18x 4.26x 7.48x
EV / FCF 9.86x -3.02x -7.98x 4.99x 1.47x 112x
FCF Yield 10.1% -33.1% -12.5% 20% 68% 0.89%
Dividend per Share 2 56 56 74 106 106 138
Rate of return 3.4% 3.29% 3.96% 3.91% 4.22% 4.21%
EPS 2 107.2 228.7 244.7 261.3 214 244.2
Distribution rate 52.2% 24.5% 30.2% 40.6% 49.5% 56.5%
Net sales 1 196,841 229,126 260,303 259,008 215,790 212,772
EBITDA 1 3,830 7,430 9,952 8,974 6,261 6,045
EBIT 1 3,416 7,021 9,380 8,326 5,484 5,245
Net income 1 2,343 5,004 5,366 5,736 4,700 5,275
Net Debt 1 -20,722 -10,817 -8,382 -16,105 -30,695 -31,348
Reference price 2 1,649.00 1,704.00 1,870.00 2,710.00 2,512.00 3,275.00
Nbr of stocks (in thousands) 21,746 21,763 21,840 21,864 21,512 21,557
Announcement Date 6/24/21 6/23/22 6/23/23 6/25/24 6/23/25 6/24/26
1JPY in Million2JPY
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.7x0.81x11.91x0.58% 15.97B
16.29x0.76x9.18x3.15% 12.92B
11.17x - - 3.24% 998M
-542.31x - - - 746M
12.36x - - 2.46% 685M
16.51x1.32x9.85x2.95% 354M
Average -77.55x 0.97x 10.31x 2.48% 5.28B
Weighted average by Cap. 5.12x 0.80x 10.68x 1.81%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  5. Valuation Ryoden Corporation