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 8,913,107 - -
Change - 24.68% -2.93% 2.82% 32.57% -0.39% - -
Enterprise Value (EV) 1 8,919,170 10,611,015 10,950,330 10,725,175 5,130,461 12,836,969 12,628,538 12,300,116
Change - 18.97% 3.2% -2.06% -52.16% 150.21% -1.62% -2.6%
P/E 23.8x 21.3x 45.4x 64.6x 46.4x 44.5x 27.7x 22.4x
PBR 0.95x 1.06x 0.9x 1x 1.2x 1.19x 1.18x 1.17x
PEG - 0.5x -0.8x -2.5x 0.6x 15.48x 0.5x 0.9x
Capitalization / Revenue 1.52x 1.68x 1.54x 1.47x 1.99x 1.91x 1.88x 1.83x
EV / Revenue 2.5x 2.63x 2.57x 2.34x 1.14x 2.75x 2.66x 2.52x
EV / EBITDA 8.54x 9.19x 11.6x 9.71x 4.54x 9.54x 8.91x 8.26x
EV / EBIT 19.4x 21.6x 51.1x 31.3x 12.6x 28.8x 21x 17.4x
EV / FCF 8.92x 28.7x 43.4x 15.5x 8.14x 16.8x 16.6x 15.3x
FCF Yield 11.2% 3.49% 2.31% 6.43% 12.3% 5.96% 6.02% 6.55%
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% 3.66% 3.73% 3.84%
EPS 2 147.1 204.3 92.09 68.36 122 125.5 201.6 249.6
Distribution rate 122% 88.1% 204% 287% 164% 163% 103% 86%
Net sales 1 3,569,006 4,027,478 4,263,762 4,581,600 4,505,700 4,670,831 4,749,405 4,873,975
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 1 460,844 490,505 214,100 342,600 408,800 445,884 601,917 708,513
Net income 1 230,059 317,017 144,067 107,900 191,800 192,092 317,615 383,553
Net Debt 1 3,495,716 3,848,811 4,385,952 3,975,500 -3,817,600 3,923,862 3,715,431 3,387,009
Reference price 2 3,498.00 4,350.00 4,184.00 4,413.00 5,664.00 5,582.00 5,582.00 5,582.00
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.($)
44.48x2.75x9.54x3.66% 56.09B
34.93x12.78x25.81x0.56% 1,098B
29.12x - - 2.05% 631B
31.66x7.38x15.33x2.77% 438B
20.79x4.93x12.21x2.68% 368B
22.24x5.75x14.34x2.79% 298B
20.77x4.28x12.16x2.05% 251B
26.18x6.87x12.22x2.42% 226B
13.88x4.98x10.54x3.66% 209B
-41.32x5.92x33.42x2.48% 165B
Average 20.27x 6.18x 16.18x 2.51% 374.04B
Weighted average by Cap. 25.29x 8.23x 18.62x 1.97%

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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