Company Valuation: Sun Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 87,022 46,518 44,086 75,529 160,978 173,649
Change - -46.55% -5.23% 71.32% 113.13% 7.87%
Enterprise Value (EV) 1 60,937 17,529 41,356 75,186 161,374 173,997
Change - -71.23% 135.94% 81.8% 114.63% 7.82%
P/E 1,858x 17.9x 6.93x -20x 9.36x 18.3x
PBR 5.34x 1.72x 1.25x 2.03x 3.38x 3.6x
PEG - 0x 0x 0x -0x -0.4x
Capitalization / Revenue 3.26x 1.25x 1.18x 7.52x 14.9x 17.5x
EV / Revenue 2.29x 0.47x 1.1x 7.48x 14.9x 17.6x
EV / EBITDA 40.4x 7.01x -232x 123x 493x 596x
EV / EBIT 88.7x 12.9x -24.2x 240x 80,687x -11,600x
EV / FCF 27.9x -1.25x -3.14x -82.5x 25.8x 21.1x
FCF Yield 3.58% -79.9% -31.8% -1.21% 3.87% 4.75%
Dividend per Share 2 10 40 20 40 100 50
Rate of return 0.27% 2.06% 1.04% 1.18% 1.38% 0.62%
EPS 2 1.978 108.5 278.5 -169.8 772.6 441
Distribution rate 506% 36.9% 7.18% -23.6% 12.9% 11.3%
Net sales 1 26,662 37,205 37,449 10,045 10,837 9,907
EBITDA 1 1,509 2,502 -178 612 327 292
EBIT 1 687 1,360 -1,711 313 2 -15
Net income 1 47 2,818 6,878 -3,777 17,228 9,663
Net Debt 1 -26,085 -28,989 -2,730 -343 396 348
Reference price 2 3,675.00 1,943.00 1,931.00 3,400.00 7,230.00 8,070.00
Nbr of stocks (in thousands) 23,679 23,941 22,831 22,215 22,265 21,518
Announcement Date 6/25/21 6/27/22 6/26/23 6/26/24 6/25/25 6/25/26
1JPY in Million2JPY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
37.34x13.2x24.29x0.74% 130B
54.17x8.11x38.09x1.46% 49.89B
29.09x1.34x15.4x-.--% 44.22B
23.83x1.99x9.55x1.32% 36.37B
33.03x5.02x19.99x-.--% 32B
32.83x2.28x15.85x1.46% 31.23B
11x6.12x17.06x1.38% 27.53B
32.6x4.99x19.93x0.71% 19.05B
25.4x3.23x13.5x-.--% 17.89B
Average 31.03x 5.14x 19.29x 0.79% 43.1B
Weighted average by Cap. 33.93x 7.22x 21.41x 0.81%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA