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 83,196 - -
Change - 29.34% 45.14% 43.94% -20.51% 39.48% - -
Enterprise Value (EV) 1 20,183 27,526 42,694 64,144 49,527 72,173 69,135 68,315
Change - 36.38% 55.11% 50.24% -22.79% 45.73% -4.21% -1.19%
P/E 10.9x 11.5x 14.2x 17.4x 12.2x 15.5x 14.4x 14.7x
PBR 0.85x 1.02x 1.26x 1.76x 1.23x 1.62x 1.52x 1.44x
PEG - 0.5x 0.8x 1x 0.9x 1.59x 1.92x -7.69x
Capitalization / Revenue 0.99x 1.13x 1.49x 1.94x 1.49x 1.94x 1.82x 1.69x
EV / Revenue 0.72x 0.87x 1.22x 1.66x 1.24x 1.68x 1.51x 1.38x
EV / EBITDA 4.9x 5.74x 7.26x 9.94x 7.7x 9.69x 8.3x 7.51x
EV / EBIT 6.27x 7.2x 9.07x 11.9x 9.48x 11.9x 10.3x 9.32x
EV / FCF - 14.6x 23.6x 25.3x -47.5x 72.6x 12.5x 19x
FCF Yield - 6.83% 4.23% 3.95% -2.1% 1.38% 8% 5.28%
Dividend per Share 2 19.5 28.5 31 49 60 62.33 71.33 76.67
Rate of return 2.5% 2.81% 2.11% 2.32% 3.58% 2.67% 3.06% 3.29%
EPS 2 71.61 88.05 103.1 121.5 137.4 150.8 162.1 159
Distribution rate 27.2% 32.4% 30.1% 40.3% 43.7% 41.3% 44% 48.2%
Net sales 1 28,137 31,678 35,080 38,698 39,994 42,873 45,803 49,362
EBITDA 1 4,118 4,795 5,877 6,451 6,436 7,450 8,333 9,100
EBIT 1 3,217 3,824 4,709 5,392 5,226 6,044 6,726 7,328
Net income 1 2,546 3,135 3,655 4,317 4,887 5,368 5,774 5,663
Net Debt 1 -7,586 -8,390 -9,435 -10,892 -10,121 -11,023 -14,062 -14,882
Reference price 2 780.50 1,014.50 1,469.00 2,111.00 1,676.00 2,333.00 2,333.00 2,333.00
Nbr of stocks (in thousands) 35,578 35,402 35,486 35,545 35,589 35,661 - -
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.($)
17.64x1.76x10.58x2.55% 530M
30.58x4.07x12.97x4.76% 14.94B
12.73x - - 2.83% 4.61B
44.9x - - 0.56% 3.27B
16.59x - - 3.06% 2.51B
19.89x - - - 1.86B
22.57x1.39x9.06x1.99% 1.29B
23.27x2.65x10.36x0.94% 1.09B
18.42x3.23x9.6x6.37% 974M
Average 22.95x 2.62x 10.51x 2.88% 3.45B
Weighted average by Cap. 26.47x 3.69x 12.31x 3.59%

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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