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 8,846,043 - -
Change - 24.68% -2.93% 2.82% 32.57% -1.14% - -
Enterprise Value (EV) 1 8,919,170 10,611,015 10,950,330 10,725,175 5,130,461 12,772,405 12,610,474 12,281,677
Change - 18.97% 3.2% -2.06% -52.16% 148.95% -1.27% -2.61%
P/E 23.8x 21.3x 45.4x 64.6x 46.4x 44.5x 27.6x 22.2x
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 21.65x 0.5x 0.9x
Capitalization / Revenue 1.52x 1.68x 1.54x 1.47x 1.99x 1.89x 1.86x 1.82x
EV / Revenue 2.5x 2.63x 2.57x 2.34x 1.14x 2.74x 2.66x 2.52x
EV / EBITDA 8.54x 9.19x 11.6x 9.71x 4.54x 9.49x 8.9x 8.25x
EV / EBIT 19.4x 21.6x 51.1x 31.3x 12.6x 28.8x 21x 17.3x
EV / FCF 8.92x 28.7x 43.4x 15.5x 8.14x 16.7x 16.5x 14.7x
FCF Yield 11.2% 3.49% 2.31% 6.43% 12.3% 5.98% 6.07% 6.8%
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% 3.69% 3.76% 3.87%
EPS 2 147.1 204.3 92.09 68.36 122 124.5 200.7 249.5
Distribution rate 122% 88.1% 204% 287% 164% 164% 104% 86%
Net sales 1 3,569,006 4,027,478 4,263,762 4,581,600 4,505,700 4,668,456 4,747,030 4,870,775
EBITDA 1 1,043,995 1,154,905 942,077 1,103,982 1,129,888 1,345,287 1,416,570 1,488,570
EBIT 1 460,844 490,505 214,100 342,600 408,800 443,247 599,826 708,213
Net income 1 230,059 317,017 144,067 107,900 191,800 190,630 316,308 383,303
Net Debt 1 3,495,716 3,848,811 4,385,952 3,975,500 -3,817,600 3,926,362 3,764,431 3,435,634
Reference price 2 3,498.00 4,350.00 4,184.00 4,413.00 5,664.00 5,540.00 5,540.00 5,540.00
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.($)
44.5x2.74x9.49x3.69% 56.09B
33.6x12.29x24.81x0.58% 1,057B
28.84x - - 2.07% 625B
32.34x7.35x15.3x2.81% 435B
20.47x4.85x12.02x2.72% 363B
22.14x5.72x14.28x2.8% 296B
20.58x4.25x12.07x2.07% 249B
25.76x6.79x12.06x2.45% 222B
13.84x4.97x10.44x3.68% 209B
-41.38x5.93x33.46x2.47% 165B
Average 20.07x 6.10x 15.99x 2.53% 367.69B
Weighted average by Cap. 24.74x 7.99x 18.15x 2.01%

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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