Company Valuation: Shibusawa Logistics Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 30,805 34,408 35,153 33,668 46,901 46,636
Change - 11.7% 2.16% -4.22% 39.3% -0.57%
Enterprise Value (EV) 1 51,744 52,748 50,234 46,272 61,833 65,135
Change - 1.94% -4.77% -7.89% 33.63% 5.34%
P/E 10.9x 12.5x 6.69x 8.97x 12.6x 9.61x
PBR 0.71x 0.72x 0.66x 0.59x 0.76x 0.72x
PEG - -5.33x 0.1x -0.3x -17.5x 0.3x
Capitalization / Revenue 0.46x 0.53x 0.49x 0.43x 0.64x 0.59x
EV / Revenue 0.77x 0.81x 0.7x 0.59x 0.84x 0.83x
EV / EBITDA 7.54x 7.77x 6.56x 5.92x 8.76x 8.67x
EV / EBIT 13.2x 14.5x 11.1x 9.45x 14.5x 14x
EV / FCF 1,207x 39x 14.2x 10.1x 99.1x -29x
FCF Yield 0.08% 2.56% 7.04% 9.94% 1.01% -3.45%
Dividend per Share 2 12.5 13 17.5 21.25 25 35
Rate of return 2.47% 2.3% 3.03% 3.83% 3.23% 4.32%
EPS 2 46.3 45.22 86.44 61.95 61.51 84.3
Distribution rate 27% 28.7% 20.2% 34.3% 40.6% 41.5%
Net sales 1 66,831 65,328 71,746 78,504 73,417 78,620
EBITDA 1 6,862 6,790 7,657 7,811 7,058 7,517
EBIT 1 3,906 3,627 4,516 4,895 4,272 4,669
Net income 1 2,816 2,750 5,257 3,759 3,728 4,908
Net Debt 1 20,939 18,340 15,081 12,604 14,932 18,499
Reference price 2 506.50 565.75 578.00 555.50 773.75 810.00
Nbr of stocks (in thousands) 60,819 60,819 60,819 60,609 60,616 57,575
Announcement Date 6/26/20 6/25/21 6/29/22 6/29/23 6/27/24 6/25/25
1JPY in Million2JPY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 559M
25.45x8.34x16.1x0.79% 77.85B
21.71x7.04x14.46x2.17% 73.23B
46.19x3.01x18.2x-.--% 23.65B
29.39x1.31x21.02x1.4% 21.14B
46.56x1.78x11.41x1.03% 12.45B
50.8x - - - 11.69B
17.79x1.31x5.87x1.45% 10.1B
40.23x1.1x9.5x1.08% 6.36B
14.37x3.24x5.85x2.22% 4.92B
Average 32.50x 3.39x 12.80x 1.27% 24.19B
Weighted average by Cap. 28.85x 5.76x 15.14x 1.28%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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