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 2,127,263 - -
Change - 8.18% 34.57% 10.3% 128.6% -18.72% - -
Enterprise Value (EV) 1 439,165 558,172 981,809 1,162,137 2,802,275 2,222,463 2,218,651 2,181,520
Change - 27.1% 75.9% 18.37% 141.13% -20.69% -0.17% -1.67%
P/E 10.1x 17x 26x 9.68x 15.7x 12.8x 13x 11.9x
PBR 0.82x 0.93x 1.12x 1.31x 2.76x 2.12x 2.01x 1.86x
PEG - -0.5x -2.5x 0x 0.3x -55.72x -6.32x 1.31x
Capitalization / Revenue 0.46x 0.47x 0.59x 0.53x 1.25x 0.88x 0.86x 0.83x
EV / Revenue 0.28x 0.34x 0.56x 0.54x 1.34x 0.92x 0.89x 0.85x
EV / EBITDA 4.1x 8.43x 24.8x 8.51x 13.7x 10.7x 9.72x 8.9x
EV / EBIT 4.57x 10.2x 37.1x 9.67x 14.9x 11.4x 10.5x 9.42x
EV / FCF 10.3x 34.8x -10x -351x -57.7x 22x 14.7x 14.7x
FCF Yield 9.75% 2.87% -10% -0.28% -1.73% 4.55% 6.79% 6.79%
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% 3.21% 3.28% 3.4%
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 13,050.00 13,050.00 13,050.00
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.($)
12.75x0.92x10.7x3.21% 13.37B
59.86x2.73x26.04x0.06% 103B
13.3x1.12x6.14x4.4% 77.54B
36.61x4.62x25.07x0.18% 62.33B
27.2x2.08x20.43x1.11% 58.45B
57.22x4.54x28.74x1.57% 46.34B
30.8x0.76x12.56x2.01% 38.59B
25.53x1.75x16.13x0.18% 36.89B
25.57x0.52x8.28x2.31% 35.13B
4.48x0.3x5.98x6.28% 26.96B
Average 29.33x 1.93x 16.01x 2.13% 49.87B
Weighted average by Cap. 34.18x 2.25x 17.90x 1.75%

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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