Company Valuation: Sourcenext Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 38,150 24,927 41,885 22,232 23,824 21,162
Change - -34.66% 68.03% -46.92% 7.16% -11.17%
Enterprise Value (EV) 1 35,267 25,466 44,374 22,997 26,496 20,976
Change - -27.79% 74.25% -48.18% 15.22% -20.83%
P/E 171x 131x -12x -9.65x -10.9x -7.46x
PBR 3.16x 2.03x 4.28x 2.35x 2.83x 3.48x
PEG - -9x 0x 0.3x 1.87x -0.3x
Capitalization / Revenue 2.21x 1.94x 4.06x 2.15x 2.1x 1.71x
EV / Revenue 2.04x 1.98x 4.31x 2.22x 2.34x 1.7x
EV / EBITDA 24.1x 15.6x -43.8x -15.9x -22.4x -87.9x
EV / EBIT 74.1x 47.2x -19.6x -8.93x -11.7x -12x
EV / FCF -21.4x -14.4x -50.3x 223x -15.4x -10x
FCF Yield -4.67% -6.92% -1.99% 0.45% -6.47% -10%
Dividend per Share 2 0.25 0.21 - - - -
Rate of return 0.09% 0.11% - - - -
EPS 2 1.64 1.4 -25.76 -16.99 -16 -20.51
Distribution rate 15.2% 15% - - - -
Net sales 1 17,282 12,851 10,307 10,347 11,334 12,365
EBITDA 1 1,464 1,633 -1,012 -1,442 -1,183 -238.7
EBIT 1 476 540 -2,260 -2,575 -2,271 -1,744
Net income 1 224 191 -3,502 -2,303 -2,169 -2,837
Net Debt 1 -2,883 539 2,489 765 2,672 -186
Reference price 2 280.00 184.00 309.00 164.00 175.00 153.00
Nbr of stocks (in thousands) 136,248 135,472 135,550 135,558 136,138 138,315
Announcement Date 6/19/20 6/18/21 6/21/22 6/20/23 6/20/24 3/24/26
1JPY in Million2JPY
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 91.53M
26.04x9.62x15.73x0.77% 3,809B
122.44x53.43x86.72x-.--% 449B
20.67x5.89x10.32x1.45% 416B
252.08x22.5x65.87x-.--% 325B
2647.5x44.38x142.94x-.--% 272B
26.28x5.27x16.62x1.44% 243B
86.75x8.42x22.54x-.--% 139B
57.81x15.57x41.01x-.--% 131B
18.54x11.83x14.1x-.--% 97.19B
Average 362.01x 19.66x 46.21x 0.41% 588.13B
Weighted average by Cap. 168.63x 14.98x 30.15x 0.66%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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