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 9,186,153 - -
Change - 24.68% -2.93% 2.82% 32.57% 2.66% - -
Enterprise Value (EV) 1 8,919,170 10,611,015 10,950,330 10,725,175 5,130,461 13,092,670 12,888,339 12,582,574
Change - 18.97% 3.2% -2.06% -52.16% 155.19% -1.56% -2.37%
P/E 23.8x 21.3x 45.4x 64.6x 46.4x 45.6x 29x 23.6x
PBR 0.95x 1.06x 0.9x 1x 1.2x 1.23x 1.23x 1.22x
PEG - 0.5x -0.8x -2.5x 0.6x 12.94x 0.5x 1x
Capitalization / Revenue 1.52x 1.68x 1.54x 1.47x 1.99x 1.95x 1.92x 1.87x
EV / Revenue 2.5x 2.63x 2.57x 2.34x 1.14x 2.79x 2.7x 2.56x
EV / EBITDA 8.54x 9.19x 11.6x 9.71x 4.54x 9.85x 9.05x 8.44x
EV / EBIT 19.4x 21.6x 51.1x 31.3x 12.6x 27.9x 21.4x 18.1x
EV / FCF 8.92x 28.7x 43.4x 15.5x 8.14x 18.6x 18.4x 17.1x
FCF Yield 11.2% 3.49% 2.31% 6.43% 12.3% 5.39% 5.44% 5.83%
Dividend per Share 2 180 180 188 196 200 204.3 208.4 215.8
Rate of return 5.15% 4.14% 4.49% 4.44% 3.53% 3.55% 3.62% 3.75%
EPS 2 147.1 204.3 92.09 68.36 122 126.3 198.6 243.4
Distribution rate 122% 88.1% 204% 287% 164% 162% 105% 88.6%
Net sales 1 3,569,006 4,027,478 4,263,762 4,581,600 4,505,700 4,700,830 4,781,479 4,905,761
EBITDA 1 1,043,995 1,154,905 942,077 1,103,982 1,129,888 1,329,787 1,423,902 1,490,869
EBIT 1 460,844 490,505 214,100 342,600 408,800 470,109 602,847 696,837
Net income 1 230,059 317,017 144,067 107,900 191,800 196,495 322,439 382,719
Net Debt 1 3,495,716 3,848,811 4,385,952 3,975,500 -3,817,600 3,906,517 3,702,186 3,396,421
Reference price 2 3,498.00 4,350.00 4,184.00 4,413.00 5,664.00 5,753.00 5,753.00 5,753.00
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
45.55x2.79x9.85x3.55% 58.86B
32.72x11.9x24.26x0.6% 1,024B
30.62x - - 1.95% 663B
32.73x7.6x15.8x2.67% 453B
19.89x4.73x11.71x2.8% 352B
22.72x5.84x14.51x2.7% 304B
20.87x4.29x12.24x2.06% 252B
27.66x7.14x13.15x2.31% 236B
13.33x4.82x10.06x3.78% 206B
-46.14x6.65x25.95x2.18% 187B
Average 20.00x 6.19x 15.28x 2.46% 373.72B
Weighted average by Cap. 24.39x 7.89x 17.65x 1.98%

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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