Company Valuation: Terumo Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 2,816,528 2,661,180 4,051,918 4,125,351 3,109,452 3,301,277 - -
Change - -5.52% 52.26% 1.81% -24.63% 6.17% - -
Enterprise Value (EV) 1 2,837,273 2,705,795 4,078,883 4,086,151 3,256,260 3,347,270 3,274,883 3,188,342
Change - -4.63% 50.75% 0.18% -20.31% 2.79% -2.16% -2.64%
P/E 31.7x 30x 38.2x 35.4x 22.9x 17.6x 17.2x 15.6x
PBR 2.78x 2.4x 3.05x 3.01x 1.96x 1.91x 1.8x 1.67x
PEG - 22.73x 1.9x 3.4x 1.4x 0.5x 7.35x 1.6x
Capitalization / Revenue 4x 3.24x 4.4x 3.98x 2.75x 2.62x 2.46x 2.32x
EV / Revenue 4.03x 3.3x 4.42x 3.94x 2.88x 2.66x 2.45x 2.24x
EV / EBITDA 16.2x 14.4x 18.8x 16.8x 12x 9.48x 9.29x 8.46x
EV / EBIT 24.5x 23.1x 29.1x 25.9x 18.5x 13.5x 12.8x 11.4x
EV / FCF 45x 46.3x 62.9x 32.3x 24.3x 23.5x 21.4x 18.8x
FCF Yield 2.22% 2.16% 1.59% 3.1% 4.11% 4.26% 4.66% 5.32%
Dividend per Share 2 17 20 22 26 30 37.05 40.56 44.92
Rate of return 0.91% 1.12% 0.81% 0.93% 1.42% 1.66% 1.81% 2.01%
EPS 2 58.72 59.5 71.5 79.01 92.14 127.4 130.3 143
Distribution rate 28.9% 33.6% 30.8% 32.9% 32.6% 29.1% 31.1% 31.4%
Net sales 1 703,303 820,209 921,863 1,036,171 1,131,877 1,258,872 1,339,275 1,424,501
EBITDA 1 174,842 187,570 216,841 243,117 271,699 353,088 352,573 376,933
EBIT 1 115,960 117,332 140,096 157,668 176,320 248,391 255,553 279,100
Net income 1 88,813 89,325 106,374 116,978 135,914 187,980 192,100 210,441
Net Debt 1 20,745 44,615 26,965 -39,200 146,808 45,992 -26,394 -112,935
Reference price 2 1,862.00 1,787.00 2,729.00 2,797.00 2,108.00 2,238.00 2,238.00 2,238.00
Nbr of stocks (in thousands) 1,512,636 1,489,189 1,484,763 1,474,920 1,475,072 1,475,101 - -
Announcement Date 5/12/22 5/15/23 5/14/24 5/14/25 5/15/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.07x4.01x15.51x2.51% 178B
19.49x3.56x12.71x3.06% 118B
16.91x0.2x12.41x0.77% 58.92B
34.87x3.38x11.58x2.17% 49.29B
27.56x6.78x17.54x1.45% 48.17B
35.82x6.3x19.78x-.--% 33.72B
40.85x1.21x11.23x0.23% 27.76B
42.25x7.41x26.57x0.25% 25.5B
50.52x6.81x21.88x0.42% 22.1B
Average 33.04x 4.41x 16.58x 1.21% 62.32B
Weighted average by Cap. 28.59x 3.96x 15.23x 1.87%

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

  1. Stock Market
  2. Stocks
  3. 4543 Stock
  4. TRUMY Stock
  5. Valuation Terumo Corporation
-40%: Exceptional extension
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