Company Valuation: Taisei Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 878,970 713,045 771,360 1,037,992 1,144,867 2,180,247 - -
Change - -18.88% 8.18% 34.57% 10.3% 90.44% - -
Enterprise Value (EV) 1 604,636 439,165 558,172 981,809 1,162,137 2,802,275 2,292,697 2,254,847
Change - -27.37% 27.1% 75.9% 18.37% 141.13% -4.2% -1.65%
P/E Ratio 9.65x 10.1x 17x 26x 9.68x 15.7x 13.2x 13.3x
PBR 1.05x 0.82x 0.93x 1.12x 1.31x 2.76x 2.19x 2.1x
PEG - -0.5x -0.5x -2.5x 0x 0.3x 1.9x -16.47x
Capitalization / Revenue 0.59x 0.46x 0.47x 0.59x 0.53x 1.25x 0.9x 0.88x
EV / Revenue 0.41x 0.28x 0.34x 0.56x 0.54x 1.34x 0.95x 0.91x
EV / EBITDA 4.29x 4.1x 8.43x 24.8x 8.51x 13.7x 11x 9.94x
EV / EBIT 4.63x 4.57x 10.2x 37.1x 9.67x 14.9x 12x 10.8x
EV / FCF 12.4x 10.3x 34.8x -10x -351x -57.7x 17.2x 15x
FCF Yield 8.07% 9.75% 2.87% -10% -0.28% -1.73% 5.82% 6.68%
Dividend per Share 2 130 130 130 130 210 310 422 378.6
Rate of return 3.04% 3.68% 3.17% 2.31% 3.18% 1.93% 3.16% 2.83%
EPS 2 442.7 350.9 241.2 215.8 682.8 1,026 1,017 1,008
Distribution rate 29.4% 37% 53.9% 60.3% 30.8% 30.2% 41.5% 37.5%
Net sales 1 1,480,141 1,543,240 1,642,712 1,765,023 2,154,223 2,089,091 2,418,476 2,479,408
EBITDA 1 140,975 106,984 66,218 39,590 136,551 204,739 208,179 226,758
EBIT 1 130,516 96,077 54,740 26,480 120,160 187,973 191,370 209,548
Net income 1 92,554 71,436 47,124 40,272 123,824 170,004 164,334 160,152
Net Debt 1 -274,334 -273,880 -213,188 -56,183 17,270 185,144 112,450 74,600
Reference price 2 4,270.00 3,535.00 4,095.00 5,620.00 6,609.00 13,375.00 13,375.00 13,375.00
Nbr of stocks (in thousands) 205,848 201,710 188,366 184,696 173,229 163,009 - -
Announcement Date 5/14/21 5/13/22 5/12/23 5/13/24 5/13/25 5/14/26 - -
1JPY in Million2JPY
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.07x1.14x12.95x2.32% 13.61B
73.09x3.15x30.74x0.06% 106B
13.89x1.14x6.28x4.22% 80.3B
43.52x5.41x30.05x0.16% 65.99B
26.81x2.02x19.62x1.14% 58.62B
56.92x4.77x30.56x1.48% 48.64B
35.46x0.84x13.9x1.78% 42.29B
30.17x0.61x9.68x1.99% 38.53B
28.19x1.83x17.66x0.17% 36.58B
4.89x0.3x6.35x5.8% 29.13B
Average 32.70x 2.12x 17.78x 1.91% 51.99B
Weighted average by Cap. 38.69x 2.47x 19.92x 1.64%

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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