Company Valuation: SE Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 8,822 11,531 9,697 10,663 8,217 9,787
Change - 30.71% -15.91% 9.97% -22.95% 19.12%
Enterprise Value (EV) 1 9,853 11,070 10,985 11,384 8,598 10,274
Change - 12.35% -0.77% 3.64% -24.48% 19.5%
P/E 13.9x 7.14x 11.1x 11x 15.1x -22.6x
PBR 1x 1.16x 0.93x 0.97x 0.73x 0.94x
PEG - 0x -0.2x 1x -0.3x 0x
Capitalization / Revenue 0.39x 0.48x 0.38x 0.4x 0.32x 0.39x
EV / Revenue 0.43x 0.46x 0.43x 0.43x 0.33x 0.4x
EV / EBITDA 5.65x 4.4x 5.62x 5.51x 5.39x 7.46x
EV / EBIT 8.31x 5.58x 8.22x 8.35x 10.1x 17.2x
EV / FCF 6.09x 8.92x -7.86x 13.4x 8x 40.3x
FCF Yield 16.4% 11.2% -12.7% 7.44% 12.5% 2.48%
Dividend per Share 2 10 14 13 13 13 13
Rate of return 3.4% 3.66% 4.05% 3.68% 4.78% 4.01%
EPS 2 21.08 53.65 28.82 32.08 17.98 -14.37
Distribution rate 47.4% 26.1% 45.1% 40.5% 72.3% -90.5%
Net sales 1 22,801 24,150 25,452 26,474 25,887 25,401
EBITDA 1 1,743 2,517 1,954 2,068 1,595 1,377
EBIT 1 1,186 1,983 1,337 1,364 850 599
Net income 1 632 1,614 870 969 543 -434
Net Debt 1 1,031 -461 1,288 721 381 487
Reference price 2 294.00 383.00 321.00 353.00 272.00 324.00
Nbr of stocks (in thousands) 30,008 30,108 30,208 30,208 30,208 30,208
Announcement Date 6/29/21 6/28/22 6/28/23 6/26/24 6/24/25 6/23/26
1JPY in Million2JPY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 52.31M
16.3x1.93x9.25x1.63% 63.77B
31.3x5.84x17.54x0.65% 37.71B
34.71x3.58x18.39x0.89% 35.67B
30.46x4.8x15.99x0.77% 35.57B
13.46x1.58x7.31x2.28% 34.61B
22.04x6.89x13.57x2.14% 25.48B
18.6x2.24x8.92x1.17% 24.3B
75.26x4.69x72.56x0.3% 23.35B
11.3x1.2x5.91x0.92% 15.82B
Average 28.16x 3.64x 18.83x 1.19% 29.63B
Weighted average by Cap. 26.85x 3.56x 17.14x 1.25%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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