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 6,854,912 - -
Change - -12.95% 24.68% -2.93% 2.82% 1.56% - -
Enterprise Value (EV) 1 9,862,522 8,919,170 10,611,015 10,950,330 10,725,175 10,668,599 10,402,267 10,164,447
Change - -9.57% 18.97% 3.2% -2.06% -0.53% -2.5% -2.29%
P/E ratio 16.6x 23.8x 21.3x 45.4x 64.6x 27.9x 23.1x 19.9x
PBR 1.2x 0.95x 1.06x 0.9x 1x 1x 1x 0.99x
PEG - -0.6x 0.5x -0.8x -2.5x 0x 1.1x 1.2x
Capitalization / Revenue 1.95x 1.52x 1.68x 1.54x 1.47x 1.5x 1.49x 1.46x
EV / Revenue 3.08x 2.5x 2.63x 2.57x 2.34x 2.33x 2.26x 2.17x
EV / EBITDA 9.23x 8.54x 9.19x 11.6x 9.71x 8.59x 8.32x 7.87x
EV / EBIT 19.4x 19.4x 21.6x 51.1x 31.3x 21.7x 18.3x 16.4x
EV / FCF 16x 8.92x 28.7x 43.4x 15.5x 13.5x 14.9x 13.8x
FCF Yield 6.26% 11.2% 3.49% 2.31% 6.43% 7.4% 6.7% 7.22%
Dividend per Share 2 180 180 180 188 196 200 203.9 210.2
Rate of return 4.52% 5.15% 4.14% 4.49% 4.44% 4.61% 4.7% 4.84%
EPS 2 240.7 147.1 204.3 92.09 68.36 155.5 187.9 218.2
Distribution rate 74.8% 122% 88.1% 204% 287% 129% 109% 96.4%
Net sales 1 3,197,812 3,569,006 4,027,478 4,263,762 4,581,600 4,578,736 4,594,195 4,691,475
EBITDA 1 1,068,940 1,043,995 1,154,905 942,077 1,103,982 1,241,361 1,250,170 1,290,828
EBIT 1 509,269 460,844 490,505 214,100 342,600 492,020 567,498 618,174
Net income 1 376,005 230,059 317,017 144,067 107,900 242,823 299,455 335,894
Net Debt 1 3,632,551 3,495,716 3,848,811 4,385,952 3,975,500 3,813,687 3,547,355 3,309,535
Reference price 2 3,985.00 3,498.00 4,350.00 4,184.00 4,413.00 4,341.00 4,341.00 4,341.00
Nbr of stocks (in thousands) 1,563,355 1,550,444 1,554,530 1,568,924 1,529,498 1,579,109 - -
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.($)
27.92x2.33x8.59x4.61% 46.18B
36.13x11.98x27.23x0.77% 693B
14.63x4.31x11.78x3.15% 394B
27.14x6.49x13.73x3.45% 334B
15.94x5.78x11.57x3.18% 287B
14.37x3.52x8.72x3.82% 259B
16.56x4.4x10.31x3.49% 223B
21.78x4.08x12x2.32% 215B
10.26x3.33x7.2x4.02% 201B
22.54x5.77x11.13x3.25% 158B
Average 20.73x 5.20x 12.23x 3.21% 281.11B
Weighted average by Cap. 22.58x 6.51x 15.00x 2.72%
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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