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 8,876,382 - -
Change - 24.68% -2.93% 2.82% 32.57% -0.8% - -
Enterprise Value (EV) 1 8,919,170 10,611,015 10,950,330 10,725,175 5,130,461 12,804,713 12,595,250 12,265,778
Change - 18.97% 3.2% -2.06% -52.16% 149.58% -1.64% -2.62%
P/E 23.8x 21.3x 45.4x 64.6x 46.4x 44.7x 26.9x 22.2x
PBR 0.95x 1.06x 0.9x 1x 1.2x 1.19x 1.18x 1.17x
PEG - 0.5x -0.8x -2.5x 0.6x 21.87x 0.4x 1.1x
Capitalization / Revenue 1.52x 1.68x 1.54x 1.47x 1.99x 1.9x 1.87x 1.82x
EV / Revenue 2.5x 2.63x 2.57x 2.34x 1.14x 2.74x 2.65x 2.51x
EV / EBITDA 8.54x 9.19x 11.6x 9.71x 4.54x 9.67x 8.83x 8.23x
EV / EBIT 19.4x 21.6x 51.1x 31.3x 12.6x 28.8x 20.5x 17.3x
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% 5.97% 6.03% 6.57%
Dividend per Share 2 180 180 188 196 200 204.4 208.4 214.6
Rate of return 5.15% 4.14% 4.49% 4.44% 3.53% 3.68% 3.75% 3.86%
EPS 2 147.1 204.3 92.09 68.36 122 124.5 206.7 250.3
Distribution rate 122% 88.1% 204% 287% 164% 164% 101% 85.7%
Net sales 1 3,569,006 4,027,478 4,263,762 4,581,600 4,505,700 4,674,597 4,756,615 4,877,309
EBITDA 1 1,043,995 1,154,905 942,077 1,103,982 1,129,888 1,324,434 1,426,341 1,490,154
EBIT 1 460,844 490,505 214,100 342,600 408,800 443,875 613,536 710,413
Net income 1 230,059 317,017 144,067 107,900 191,800 192,184 324,639 383,553
Net Debt 1 3,495,716 3,848,811 4,385,952 3,975,500 -3,817,600 3,928,332 3,718,868 3,389,396
Reference price 2 3,498.00 4,350.00 4,184.00 4,413.00 5,664.00 5,559.00 5,559.00 5,559.00
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.($)
44.65x2.74x9.67x3.68% 55.7B
34.32x12.47x25.45x0.57% 1,078B
29.15x - - 2.05% 632B
32.02x7.45x15.48x2.73% 443B
20.19x4.79x11.87x2.76% 356B
21.62x5.6x13.97x2.87% 289B
20.24x4.18x11.87x2.1% 245B
26.43x6.88x12.21x2.41% 226B
13.48x4.84x10.07x3.78% 204B
-42.9x6.13x34.58x2.39% 171B
Average 19.92x 6.12x 16.13x 2.53% 369.94B
Weighted average by Cap. 24.83x 8.09x 18.49x 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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