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 8,903,826 - -
Change - -12.95% 24.68% -2.93% 2.82% 31.91% - -
Enterprise Value (EV) 1 9,862,522 8,919,170 10,611,015 10,950,330 10,725,175 12,842,576 12,582,554 12,358,477
Change - -9.57% 18.97% 3.2% -2.06% 19.74% -2.02% -1.78%
P/E ratio 16.6x 23.8x 21.3x 45.4x 64.6x 50.4x 34x 28.5x
PBR 1.2x 0.95x 1.06x 0.9x 1x 1.25x 1.26x 1.26x
PEG - -0.6x 0.5x -0.8x -2.5x 0.8x 0.7x 1.5x
Capitalization / Revenue 1.95x 1.52x 1.68x 1.54x 1.47x 1.97x 1.94x 1.92x
EV / Revenue 3.08x 2.5x 2.63x 2.57x 2.34x 2.83x 2.74x 2.66x
EV / EBITDA 9.23x 8.54x 9.19x 11.6x 9.71x 10.5x 10.5x 9.92x
EV / EBIT 19.4x 19.4x 21.6x 51.1x 31.3x 29.7x 24.4x 21.3x
EV / FCF 16x 8.92x 28.7x 43.4x 15.5x 15.2x 15.8x 15.6x
FCF Yield 6.26% 11.2% 3.49% 2.31% 6.43% 6.58% 6.33% 6.4%
Dividend per Share 2 180 180 180 188 196 200 203.4 207.4
Rate of return 4.52% 5.15% 4.14% 4.49% 4.44% 3.55% 3.61% 3.68%
EPS 2 240.7 147.1 204.3 92.09 68.36 111.8 165.8 197.9
Distribution rate 74.8% 122% 88.1% 204% 287% 179% 123% 105%
Net sales 1 3,197,812 3,569,006 4,027,478 4,263,762 4,581,600 4,530,492 4,583,860 4,639,160
EBITDA 1 1,068,940 1,043,995 1,154,905 942,077 1,103,982 1,227,417 1,201,220 1,245,488
EBIT 1 509,269 460,844 490,505 214,100 342,600 432,429 515,251 580,539
Net income 1 376,005 230,059 317,017 144,067 107,900 173,535 258,727 305,376
Net Debt 1 3,632,551 3,495,716 3,848,811 4,385,952 3,975,500 3,938,750 3,678,728 3,454,651
Reference price 2 3,985.00 3,498.00 4,350.00 4,184.00 4,413.00 5,636.00 5,636.00 5,636.00
Nbr of stocks (in thousands) 1,563,355 1,550,444 1,554,530 1,568,924 1,529,498 1,579,813 - -
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.($)
50.42x2.83x10.46x3.55% 55.74B
27.39x10.36x20.75x0.73% 832B
25.22x5.87x15.95x2.22% 573B
23.23x6.22x12.63x3.36% 365B
25.43x5.25x14.83x1.65% 313B
28.43x4.94x15.35x2.81% 297B
21.18x5.7x13.8x2.88% 292B
23.4x6.05x10.77x2.87% 189B
19.14x5.87x10.78x2.34% 173B
Average 27.09x 5.90x 13.93x 2.49% 343.21B
Weighted average by Cap. 25.52x 6.91x 15.77x 2.08%

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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