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 9,010,510 - -
Change - 24.68% -2.93% 2.82% 32.57% 0.7% - -
Enterprise Value (EV) 1 8,919,170 10,611,015 10,950,330 10,725,175 5,130,461 12,917,027 12,712,695 12,406,930
Change - 18.97% 3.2% -2.06% -52.16% 151.77% -1.58% -2.41%
P/E 23.8x 21.3x 45.4x 64.6x 46.4x 44.7x 28.4x 23.1x
PBR 0.95x 1.06x 0.9x 1x 1.2x 1.21x 1.21x 1.2x
PEG - 0.5x -0.8x -2.5x 0.6x 12.68x 0.5x 1x
Capitalization / Revenue 1.52x 1.68x 1.54x 1.47x 1.99x 1.92x 1.88x 1.83x
EV / Revenue 2.5x 2.63x 2.57x 2.34x 1.14x 2.75x 2.65x 2.52x
EV / EBITDA 8.54x 9.19x 11.6x 9.71x 4.54x 10.1x 9.18x 8.59x
EV / EBIT 19.4x 21.6x 51.1x 31.3x 12.6x 27.5x 21.1x 17.8x
EV / FCF 8.92x 28.7x 43.4x 15.5x 8.14x 18.3x 18.1x 16.9x
FCF Yield 11.2% 3.49% 2.31% 6.43% 12.3% 5.46% 5.52% 5.92%
Dividend per Share 2 180 180 188 196 200 204.3 208.4 215.8
Rate of return 5.15% 4.14% 4.49% 4.44% 3.53% 3.62% 3.69% 3.82%
EPS 2 147.1 204.3 92.09 68.36 122 126.3 198.7 243.8
Distribution rate 122% 88.1% 204% 287% 164% 162% 105% 88.5%
Net sales 1 3,569,006 4,027,478 4,263,762 4,581,600 4,505,700 4,703,619 4,794,178 4,920,458
EBITDA 1 1,043,995 1,154,905 942,077 1,103,982 1,129,888 1,283,686 1,384,728 1,444,038
EBIT 1 460,844 490,505 214,100 342,600 408,800 470,109 603,263 697,746
Net income 1 230,059 317,017 144,067 107,900 191,800 196,495 322,724 383,352
Net Debt 1 3,495,716 3,848,811 4,385,952 3,975,500 -3,817,600 3,906,517 3,702,186 3,396,421
Reference price 2 3,498.00 4,350.00 4,184.00 4,413.00 5,664.00 5,643.00 5,643.00 5,643.00
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.($)
32.45x11.78x23.93x0.61% 1,019B
28.48x6.32x17.7x2.09% 617B
33.26x7.78x16.08x2.64% 464B
104.98x5.87x24.89x2.36% 356B
18.81x4.58x11.36x2.9% 333B
19.83x5.17x12.78x3.09% 267B
20.02x4.17x11.86x2.13% 244B
25.46x6.66x11.86x2.5% 218B
-43.78x6.39x24.97x2.27% 179B
Average 26.61x 6.52x 17.27x 2.29% 410.8B
Weighted average by Cap. 31.80x 7.61x 18.61x 1.96%

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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