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 9,275,572 - -
Change - 24.68% -2.93% 2.82% 32.57% 3.66% - -
Enterprise Value (EV) 1 8,919,170 10,611,015 10,950,330 10,725,175 5,130,461 13,177,788 12,976,701 12,672,483
Change - 18.97% 3.2% -2.06% -52.16% 156.85% -1.53% -2.34%
P/E 23.8x 21.3x 45.4x 64.6x 46.4x 46.6x 29.8x 24.4x
PBR 0.95x 1.06x 0.9x 1x 1.2x 1.24x 1.25x 1.24x
PEG - 0.5x -0.8x -2.5x 0.6x 22.19x 0.5x 1.1x
Capitalization / Revenue 1.52x 1.68x 1.54x 1.47x 1.99x 1.98x 1.95x 1.9x
EV / Revenue 2.5x 2.63x 2.57x 2.34x 1.14x 2.81x 2.72x 2.59x
EV / EBITDA 8.54x 9.19x 11.6x 9.71x 4.54x 9.92x 9.15x 8.54x
EV / EBIT 19.4x 21.6x 51.1x 31.3x 12.6x 29.4x 21.8x 18.5x
EV / FCF 8.92x 28.7x 43.4x 15.5x 8.14x 18.3x 18.6x 17.4x
FCF Yield 11.2% 3.49% 2.31% 6.43% 12.3% 5.47% 5.37% 5.74%
Dividend per Share 2 180 180 188 196 200 204.3 208.4 214.9
Rate of return 5.15% 4.14% 4.49% 4.44% 3.53% 3.52% 3.59% 3.7%
EPS 2 147.1 204.3 92.09 68.36 122 124.6 194.7 238.5
Distribution rate 122% 88.1% 204% 287% 164% 164% 107% 90.1%
Net sales 1 3,569,006 4,027,478 4,263,762 4,581,600 4,505,700 4,686,848 4,766,104 4,888,874
EBITDA 1 1,043,995 1,154,905 942,077 1,103,982 1,129,888 1,328,526 1,418,864 1,483,635
EBIT 1 460,844 490,505 214,100 342,600 408,800 448,525 595,763 686,473
Net income 1 230,059 317,017 144,067 107,900 191,800 193,788 317,524 376,802
Net Debt 1 3,495,716 3,848,811 4,385,952 3,975,500 -3,817,600 3,902,217 3,701,130 3,396,911
Reference price 2 3,498.00 4,350.00 4,184.00 4,413.00 5,664.00 5,809.00 5,809.00 5,809.00
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.($)
46.64x2.81x9.92x3.52% 58.22B
33.48x12.15x24.63x0.59% 1,048B
29.56x - - 2.02% 640B
32.95x7.64x15.89x2.66% 456B
20.28x4.82x11.94x2.74% 362B
22.04x5.68x14.08x2.82% 295B
21.17x4.34x12.4x2.03% 255B
27.64x7.13x12.67x2.31% 236B
13.24x4.76x9.94x3.83% 204B
-45.49x6.56x25.62x2.21% 185B
Average 20.15x 6.21x 15.23x 2.47% 373.99B
Weighted average by Cap. 24.56x 8.00x 17.76x 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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