Company Valuation: Takeda Pharmaceutical Company Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 6,229,971 5,423,454 6,762,204 6,564,378 6,749,675 7,026,035 - -
Change - -12.95% 24.68% -2.93% 2.82% 4.09% - -
Enterprise Value (EV) 1 9,862,522 8,919,170 10,611,015 10,950,330 10,725,175 10,969,702 10,684,754 10,459,114
Change - -9.57% 18.97% 3.2% -2.06% 2.28% -2.6% -2.11%
P/E ratio 16.6x 23.8x 21.3x 45.4x 64.6x 39.9x 24.2x 21.8x
PBR 1.2x 0.95x 1.06x 0.9x 1x 1.02x 1.02x 1.02x
PEG - -0.6x 0.5x -0.8x -2.5x 0.6x 0.4x 2x
Capitalization / Revenue 1.95x 1.52x 1.68x 1.54x 1.47x 1.56x 1.55x 1.53x
EV / Revenue 3.08x 2.5x 2.63x 2.57x 2.34x 2.43x 2.36x 2.28x
EV / EBITDA 9.23x 8.54x 9.19x 11.6x 9.71x 9x 8.6x 8.34x
EV / EBIT 19.4x 19.4x 21.6x 51.1x 31.3x 25.9x 18.8x 17.6x
EV / FCF 16x 8.92x 28.7x 43.4x 15.5x 12x 12.7x 12.5x
FCF Yield 6.26% 11.2% 3.49% 2.31% 6.43% 8.33% 7.88% 7.99%
Dividend per Share 2 180 180 180 188 196 200 203.3 208.6
Rate of return 4.52% 5.15% 4.14% 4.49% 4.44% 4.5% 4.57% 4.69%
EPS 2 240.7 147.1 204.3 92.09 68.36 111.3 183.9 203.7
Distribution rate 74.8% 122% 88.1% 204% 287% 180% 111% 102%
Net sales 1 3,197,812 3,569,006 4,027,478 4,263,762 4,581,600 4,506,677 4,532,746 4,588,563
EBITDA 1 1,068,940 1,043,995 1,154,905 942,077 1,103,982 1,219,381 1,242,508 1,254,768
EBIT 1 509,269 460,844 490,505 214,100 342,600 423,456 567,249 593,304
Net income 1 376,005 230,059 317,017 144,067 107,900 177,854 292,454 309,815
Net Debt 1 3,632,551 3,495,716 3,848,811 4,385,952 3,975,500 3,943,666 3,658,719 3,433,079
Reference price 2 3,985.00 3,498.00 4,350.00 4,184.00 4,413.00 4,448.00 4,448.00 4,448.00
Nbr of stocks (in thousands) 1,563,355 1,550,444 1,554,530 1,568,924 1,529,498 1,579,594 - -
Announcement Date 5/11/21 5/11/22 5/11/23 5/9/24 5/8/25 - - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
39.95x2.43x9x4.5% 45.11B
44.92x14.86x32.99x0.58% 920B
20.19x5.61x15.54x2.44% 510B
51.11x7.4x17.52x2.92% 395B
18.38x4.62x11.57x3.12% 340B
27.04x5.12x15.2x1.8% 278B
18.3x4.95x11.64x3.08% 254B
12.96x4.23x9.08x3.22% 249B
13.93x4.98x10.31x3.62% 224B
25.04x5.94x10.2x3.01% 171B
Average 27.18x 6.01x 14.30x 2.83% 338.71B
Weighted average by Cap. 30.31x 7.97x 18.61x 2.25%
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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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