Company Valuation: Taisei Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 713,045 771,360 1,037,992 1,144,867 2,617,131 2,013,972 - -
Change - 8.18% 34.57% 10.3% 128.6% -23.05% - -
Enterprise Value (EV) 1 439,165 558,172 981,809 1,162,137 2,802,275 2,109,172 2,105,360 2,068,229
Change - 27.1% 75.9% 18.37% 141.13% -24.73% -0.18% -1.76%
P/E 10.1x 17x 26x 9.68x 15.7x 12.1x 12.3x 11.3x
PBR 0.82x 0.93x 1.12x 1.31x 2.76x 2.01x 1.9x 1.76x
PEG - -0.5x -2.5x 0x 0.3x -52.68x -5.98x 1.24x
Capitalization / Revenue 0.46x 0.47x 0.59x 0.53x 1.25x 0.83x 0.81x 0.79x
EV / Revenue 0.28x 0.34x 0.56x 0.54x 1.34x 0.87x 0.85x 0.81x
EV / EBITDA 4.1x 8.43x 24.8x 8.51x 13.7x 10.2x 9.23x 8.44x
EV / EBIT 4.57x 10.2x 37.1x 9.67x 14.9x 10.9x 10x 8.93x
EV / FCF 10.3x 34.8x -10x -351x -57.7x 20.8x 14x 14x
FCF Yield 9.75% 2.87% -10% -0.28% -1.73% 4.8% 7.15% 7.16%
Dividend per Share 2 130 130 130 210 310 418.3 428.3 444
Rate of return 3.68% 3.17% 2.31% 3.18% 1.93% 3.39% 3.47% 3.59%
EPS 2 350.9 241.2 215.8 682.8 1,026 1,023 1,002 1,093
Distribution rate 37% 53.9% 60.3% 30.8% 30.2% 40.9% 42.7% 40.6%
Net sales 1 1,543,240 1,642,712 1,765,023 2,154,223 2,089,091 2,420,694 2,487,123 2,563,700
EBITDA 1 106,984 66,218 39,590 136,551 204,739 207,700 228,158 245,167
EBIT 1 96,077 54,740 26,480 120,160 187,973 194,256 210,548 231,500
Net income 1 71,436 47,124 40,272 123,824 170,004 166,234 160,480 171,640
Net Debt 1 -273,880 -213,188 -56,183 17,270 185,144 95,200 91,389 54,258
Reference price 2 3,535.00 4,095.00 5,620.00 6,609.00 16,055.00 12,355.00 12,355.00 12,355.00
Nbr of stocks (in thousands) 201,710 188,366 184,696 173,229 163,010 163,009 - -
Announcement Date 5/13/22 5/12/23 5/13/24 5/13/25 5/14/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
55.8x2.55x24.36x0.07% 96.12B
13.13x1.11x6.08x4.46% 77.18B
27.37x2.09x20.54x1.1% 58.78B
34.09x4.29x23.27x0.2% 58.17B
55.42x4.42x28.13x1.57% 45.26B
29.72x0.73x12.12x2.08% 37.56B
23.71x1.62x14.94x0.19% 34.26B
24.52x0.5x7.92x2.41% 33.97B
4.47x0.3x5.97x6.3% 26.98B
Average 29.80x 1.96x 15.93x 2.04% 52.03B
Weighted average by Cap. 32.80x 2.16x 17.17x 1.78%

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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