Company Valuation: Shofu Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 27,769 35,916 52,129 75,036 59,648 75,485 - -
Change - 29.34% 45.14% 43.94% -20.51% 26.55% - -
Enterprise Value (EV) 1 20,183 27,526 42,694 64,144 49,527 66,362 64,323 63,353
Change - 36.38% 55.11% 50.24% -22.79% 33.99% -3.07% -1.51%
P/E 10.9x 11.5x 14.2x 17.4x 12.2x 15.8x 13.7x 13.3x
PBR 0.85x 1.02x 1.26x 1.76x 1.23x 1.5x 1.41x 1.34x
PEG - 0.5x 0.8x 1x 0.9x -6.36x 0.9x 4.71x
Capitalization / Revenue 0.99x 1.13x 1.49x 1.94x 1.49x 1.77x 1.65x 1.53x
EV / Revenue 0.72x 0.87x 1.22x 1.66x 1.24x 1.55x 1.4x 1.28x
EV / EBITDA 4.9x 5.74x 7.26x 9.94x 7.7x 8.99x 7.72x 6.96x
EV / EBIT 6.27x 7.2x 9.07x 11.9x 9.48x 11.2x 9.56x 8.65x
EV / FCF - 14.6x 23.6x 25.3x -47.5x 47.5x 14.5x 17.6x
FCF Yield - 6.83% 4.23% 3.95% -2.1% 2.11% 6.89% 5.69%
Dividend per Share 2 19.5 28.5 31 49 60 60.33 68.33 74
Rate of return 2.5% 2.81% 2.11% 2.32% 3.58% 2.84% 3.22% 3.49%
EPS 2 71.61 88.05 103.1 121.5 137.4 134 154.7 159.1
Distribution rate 27.2% 32.4% 30.1% 40.3% 43.7% 45% 44.2% 46.5%
Net sales 1 28,137 31,678 35,080 38,698 39,994 42,707 45,803 49,362
EBITDA 1 4,118 4,795 5,877 6,451 6,436 7,383 8,333 9,100
EBIT 1 3,217 3,824 4,709 5,392 5,226 5,944 6,726 7,328
Net income 1 2,546 3,135 3,655 4,317 4,887 4,768 5,507 5,663
Net Debt 1 -7,586 -8,390 -9,435 -10,892 -10,121 -9,123 -11,162 -12,132
Reference price 2 780.50 1,014.50 1,469.00 2,111.00 1,676.00 2,121.00 2,121.00 2,121.00
Nbr of stocks (in thousands) 35,578 35,402 35,486 35,545 35,589 35,589 - -
Announcement Date 5/11/22 5/10/23 5/9/24 5/9/25 5/13/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.12x1.59x9.17x2.79% 471M
29.8x3.95x12.6x4.95% 14.16B
12.44x - - 2.9% 4.49B
45.16x - - 0.56% 3.27B
17.22x - - 2.95% 2.6B
21.53x - - - 2.01B
7.91x0.5x2.31x5.66% 1.88B
22.2x1.39x8.87x2.02% 1.27B
18.49x2.95x9.82x6.31% 976M
21.48x2.34x9.25x0.57% 931M
Average 21.23x 2.12x 8.67x 3.19% 3.2B
Weighted average by Cap. 25.02x 3.27x 11.00x 3.79%

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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