Company Valuation: Shiseido Company, Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,562,314 2,585,474 1,699,311 1,112,991 910,125 1,410,674 - -
Change - 0.9% -34.27% -34.5% -18.23% 55% - -
Enterprise Value (EV) 1 2,536,903 2,763,626 1,875,607 1,377,672 1,141,445 1,621,169 1,572,565 1,534,766
Change - 8.94% -32.13% -26.55% -17.15% 42.03% -3% -2.4%
P/E 60.4x 75.6x 78.1x -103x -22.4x 31.3x 25.8x 23.2x
PBR 4.7x 4.28x 2.75x 1.76x 1.51x 2.26x 2.15x 2.06x
PEG - -3.9x -2.1x 1x -0x -0x 1.2x 2.1x
Capitalization / Revenue 2.48x 2.42x 1.75x 1.12x 0.94x 1.39x 1.35x 1.31x
EV / Revenue 2.45x 2.59x 1.93x 1.39x 1.18x 1.6x 1.5x 1.42x
EV / EBITDA 22.8x 27x 20.4x 16.6x 26.6x 12x 10.8x 9.95x
EV / EBIT 61x 59.3x 66.7x 182x -39.7x 25.1x 20.5x 18x
EV / FCF 96.9x 509x 35.1x -598x 17.3x 23.2x 21.2x 21.5x
FCF Yield 1.03% 0.2% 2.85% -0.17% 5.76% 4.31% 4.73% 4.65%
Dividend per Share 2 50 100 60 40 40 60 66.73 70.59
Rate of return 0.78% 1.55% 1.41% 1.44% 1.76% 1.7% 1.89% 2%
EPS 2 106.2 85.6 54.43 -27.06 -101.8 112.8 136.7 152.1
Distribution rate 47.1% 117% 110% -148% -39.3% 53.2% 48.8% 46.4%
Net sales 1 1,035,165 1,067,355 973,038 990,586 969,992 1,014,380 1,046,218 1,078,539
EBITDA 1 111,434 102,371 91,819 83,241 42,947 134,767 145,676 154,243
EBIT 1 41,586 46,572 28,133 7,575 -28,788 64,685 76,843 85,332
Net income 1 42,439 34,202 21,749 -10,813 -40,680 44,639 55,233 61,652
Net Debt 1 -25,411 178,152 176,296 264,681 231,320 210,495 161,891 124,092
Reference price 2 6,414.00 6,471.00 4,252.00 2,786.50 2,278.00 3,530.00 3,530.00 3,530.00
Nbr of stocks (in thousands) 399,488 399,548 399,650 399,423 399,528 399,624 - -
Announcement Date 2/9/22 2/10/23 2/9/24 2/10/25 2/10/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.3x1.6x12.03x1.7% 8.91B
23.18x4.4x16.11x2.79% 366B
30.95x4.75x19.65x1.92% 241B
19.4x2.88x12.72x3.25% 141B
25.75x3.78x15.93x2.3% 74.45B
55.5x7.91x30.44x0.22% 49.05B
38.43x6.19x26.9x2.43% 45.93B
36.26x2.72x15.09x1.46% 38.27B
19.88x2.78x11.59x4.47% 36.24B
16.08x2.41x11.19x4.89% 35.06B
Average 29.67x 3.94x 17.16x 2.54% 103.59B
Weighted average by Cap. 27.06x 4.26x 17.22x 2.55%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Shiseido Company, Limited

Historical PBR trend

Valuation ratios - PBR - Shiseido Company, Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Shiseido Company, Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Shiseido Company, Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Shiseido Company, Limited
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