Company Valuation: SCAT Inc.

Data adjusted to current consolidation scope
Fiscal Period: October 2020 2021 2022 2023 2024 2025
Market Cap 1 1,936 2,169 1,689 1,294 1,100 1,439
Change - 12.02% -22.12% -23.37% -14.99% 30.74%
Enterprise Value (EV) 1 1,034 1,031 427 324.4 19.36 314.6
Change - -0.32% -58.57% -24.04% -94.03% 1,524.78%
P/E 27.3x 18x 17.9x 8.94x 10.8x 11.6x
PBR 0.88x 0.94x 0.78x 0.7x 0.57x 0.78x
PEG - 0.3x -1.5x 0x -0.3x 0.5x
Capitalization / Revenue 0.79x 0.87x 0.65x 0.47x 0.42x 0.55x
EV / Revenue 0.42x 0.42x 0.17x 0.12x 0.01x 0.12x
EV / EBITDA 4.24x 3.52x 1.17x 0.82x 0.06x 0.93x
EV / EBIT 7.95x 5.69x 1.91x 1.42x 0.13x 1.63x
EV / FCF -23.7x 4.31x 3.41x 1.28x 0.87x 4.56x
FCF Yield -4.22% 23.2% 29.3% 78.4% 115% 21.9%
Dividend per Share 2 6.667 7 8.5 9.5 13 14
Rate of return 1.49% 1.43% 1.97% 2.03% 3.35% 2.77%
EPS 2 16.38 27.35 24.14 52.48 35.79 43.58
Distribution rate 40.7% 25.6% 35.2% 18.1% 36.3% 32.1%
Net sales 1 2,462 2,483 2,587 2,742 2,594 2,605
EBITDA 1 244 293 366 394 325 340
EBIT 1 130 181 224 228 147 193
Net income 1 71 120 100 157 100 125
Net Debt 1 -902 -1,138 -1,262 -970 -1,081 -1,124
Reference price 2 446.67 491.00 431.00 469.00 388.00 505.00
Nbr of stocks (in thousands) 4,335 4,417 3,919 2,760 2,836 2,849
Announcement Date 1/28/21 1/27/22 1/30/23 1/31/24 1/31/25 1/26/26
1JPY in Million2JPY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 13.19M
20.18x5.68x10.15x1.58% 374B
22.38x4.47x13.99x1.7% 209B
72x6.99x18.7x-.--% 115B
35.92x3.42x12.37x0.19% 45.36B
-4.12x84.32x712.21x-.--% 35.87B
29.76x11.61x18.94x-.--% 24.25B
36.32x2.25x20.53x-.--% 18.71B
25.06x3.6x12.11x - 13.19B
86.86x8.26x35.41x-.--% 12.65B
Average 36.04x 14.51x 94.93x 0.43% 84.85B
Weighted average by Cap. 29.26x 8.86x 42.94x 1.14%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA