Company Valuation: SHIFT Inc.

Data adjusted to current consolidation scope
Fiscal Period: August 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 440,558 357,584 527,484 240,149 402,826 227,591 - -
Change - -18.83% 47.51% -54.47% 67.74% -43.5% - -
Enterprise Value (EV) 1 430,527 348,195 512,326 228,857 391,136 223,895 214,592 201,764
Change - -19.12% 47.14% -55.33% 70.91% -42.76% -4.15% -5.98%
P/E 155x 71.7x 84.6x 46.8x 45.1x 27.6x 16.1x 13.1x
PBR 19.7x 14x 18.2x 7.13x 9.92x 5.26x 4.03x 3.14x
PEG - 1x 3.3x -2.6x 0.6x -5.56x 0.2x 0.6x
Capitalization / Revenue 9.58x 5.51x 5.99x 2.17x 3.1x 1.44x 1.22x 1.07x
EV / Revenue 9.36x 5.37x 5.82x 2.07x 3.01x 1.41x 1.15x 0.95x
EV / EBITDA 97x 41.6x 38.6x 17x 20.7x 10.7x 8x 6.36x
EV / EBIT 108x 50.4x 44.3x 21.7x 25x 12.9x 9.43x 7.39x
EV / FCF 100x 193x 79.5x -267x 98.9x -13.2x 13.2x 10.2x
FCF Yield 1% 0.52% 1.26% -0.37% 1.01% -7.59% 7.57% 9.78%
Dividend per Share 2 - - - - - 4.067 3.2 3.88
Rate of return - - - - - 0.46% 0.36% 0.44%
EPS 2 10.85 18.85 23.64 19.43 33.93 32.24 55.23 67.86
Distribution rate - - - - - 12.6% 5.79% 5.72%
Net sales 1 46,004 64,873 88,030 110,627 129,819 158,500 186,996 212,645
EBITDA 1 4,438 8,371 13,289 13,423 18,867 20,891 26,840 31,739
EBIT 1 3,994 6,913 11,565 10,537 15,628 17,408 22,748 27,294
Net income 1 2,818 4,974 6,245 5,127 8,935 8,379 14,294 17,358
Net Debt 1 -10,031 -9,389 -15,158 -11,292 -11,690 -3,696 -12,999 -25,827
Reference price 2 1,676.00 1,352.67 2,000.00 909.33 1,530.00 890.40 890.40 890.40
Nbr of stocks (in thousands) 262,863 264,355 263,742 264,094 263,285 255,605 - -
Announcement Date 10/12/21 10/14/22 10/12/23 10/10/24 10/14/25 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.61x1.41x10.72x0.46% 1.44B
21.86x3.6x12.56x3.04% 210B
22.46x4.73x11.6x0.74% 193B
-602.19x42.83x175.97x-.--% 124B
-134.17x18.64x102.49x-.--% 120B
14.77x1.61x8.44x3.25% 119B
13.47x2.43x9.22x6.1% 78.1B
19.46x5.19x12.74x2.88% 58.18B
-17.53x7.42x12.62x-.--% 49.43B
22.77x1.89x11.94x1.37% 44.75B
Average -61.15x 8.97x 36.83x 1.78% 99.79B
Weighted average by Cap. -78.09x 10.39x 42.79x 1.87%

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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  4. Valuation SHIFT Inc.