Company Valuation: Takeda Pharmaceutical Company Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 5,423,454 6,762,204 6,564,378 6,749,675 8,948,061 8,802,931 - -
Change - 24.68% -2.93% 2.82% 32.57% -1.62% - -
Enterprise Value (EV) 1 8,919,170 10,611,015 10,950,330 10,725,175 5,130,461 12,736,530 12,586,968 12,271,981
Change - 18.97% 3.2% -2.06% -52.16% 148.25% -1.17% -2.5%
P/E 23.8x 21.3x 45.4x 64.6x 46.4x 44.3x 27.4x 22.1x
PBR 0.95x 1.06x 0.9x 1x 1.2x 1.18x 1.17x 1.16x
PEG - 0.5x -0.8x -2.5x 0.6x 21.13x 0.4x 0.9x
Capitalization / Revenue 1.52x 1.68x 1.54x 1.47x 1.99x 1.89x 1.86x 1.81x
EV / Revenue 2.5x 2.63x 2.57x 2.34x 1.14x 2.73x 2.66x 2.52x
EV / EBITDA 8.54x 9.19x 11.6x 9.71x 4.54x 9.18x 8.91x 8.27x
EV / EBIT 19.4x 21.6x 51.1x 31.3x 12.6x 27.9x 21.1x 17.5x
EV / FCF 8.92x 28.7x 43.4x 15.5x 8.14x 16.7x 16.6x 15.2x
FCF Yield 11.2% 3.49% 2.31% 6.43% 12.3% 5.99% 6.02% 6.57%
Dividend per Share 2 180 180 188 196 200 204.4 209.2 216.1
Rate of return 5.15% 4.14% 4.49% 4.44% 3.53% 3.71% 3.8% 3.92%
EPS 2 147.1 204.3 92.09 68.36 122 124.6 200.9 249.9
Distribution rate 122% 88.1% 204% 287% 164% 164% 104% 86.5%
Net sales 1 3,569,006 4,027,478 4,263,762 4,581,600 4,505,700 4,662,349 4,739,549 4,862,429
EBITDA 1 1,043,995 1,154,905 942,077 1,103,982 1,129,888 1,388,131 1,412,239 1,483,795
EBIT 1 460,844 490,505 214,100 342,600 408,800 456,820 595,162 702,983
Net income 1 230,059 317,017 144,067 107,900 191,800 185,815 313,331 379,936
Net Debt 1 3,495,716 3,848,811 4,385,952 3,975,500 -3,817,600 3,933,599 3,784,037 3,469,050
Reference price 2 3,498.00 4,350.00 4,184.00 4,413.00 5,664.00 5,513.00 5,513.00 5,513.00
Nbr of stocks (in thousands) 1,550,444 1,554,530 1,568,924 1,529,498 1,579,813 1,596,759 - -
Announcement Date 5/11/22 5/11/23 5/9/24 5/8/25 5/13/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.3x12.25x25.74x0.59% 1,030B
27.42x6.27x17.37x2.1% 617B
32.4x7.6x15.6x2.67% 455B
19.58x4.68x11.59x2.83% 350B
22.31x5.76x14.38x2.78% 299B
21.88x4.51x12.77x1.94% 265B
14.62x5.41x11.16x3.43% 225B
25.46x6.65x11.72x2.6% 209B
-47.31x5.67x31.32x2.51% 163B
Average 16.74x 6.53x 16.85x 2.38% 401.41B
Weighted average by Cap. 24.14x 7.76x 18.30x 1.99%

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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