Company Valuation: Toabo Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 4,201 3,772 3,139 3,817 3,507 4,237
Change - -10.19% -16.79% 21.59% -8.12% 20.83%
Enterprise Value (EV) 1 13,923 12,973 12,922 14,247 13,969 13,917
Change - -6.82% -0.39% 10.25% -1.95% -0.37%
P/E 22.8x 14.6x 11.7x 6.66x 4.41x 6.44x
PBR 0.39x 0.33x 0.27x 0.3x 0.26x 0.3x
PEG - 0.4x 2.74x 0x 0.1x -0.4x
Capitalization / Revenue 0.28x 0.24x 0.18x 0.2x 0.19x 0.24x
EV / Revenue 0.94x 0.84x 0.76x 0.75x 0.76x 0.8x
EV / EBITDA 21.6x 18.1x 14.5x 12.4x 12.3x 13.5x
EV / EBIT 51.4x 36.1x 25x 19.1x 20.3x 24.4x
EV / FCF -26.2x 47.4x -28.6x -42.7x -955x 43.8x
FCF Yield -3.82% 2.11% -3.5% -2.34% -0.1% 2.28%
Dividend per Share 2 10 - 11 12 13 14
Rate of return 2.12% - 3.13% 2.8% 3.25% 2.92%
EPS 2 20.63 28.93 30.16 64.26 90.71 74.48
Distribution rate 48.5% - 36.5% 18.7% 14.3% 18.8%
Net sales 1 14,752 15,532 17,000 19,042 18,419 17,471
EBITDA 1 645 715 889 1,146 1,133 1,031
EBIT 1 271 359 516 744 688 570
Net income 1 184 258 269 573 799 656
Net Debt 1 9,722 9,201 9,783 10,430 10,462 9,680
Reference price 2 471.00 423.00 352.00 428.00 400.00 480.00
Nbr of stocks (in thousands) 8,919 8,918 8,918 8,918 8,767 8,827
Announcement Date 3/31/21 3/31/22 3/31/23 3/29/24 3/31/25 3/26/26
1JPY in Million2JPY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 27.56M
38.8x5.4x26.59x0.44% 4.28B
12.32x1.69x6.78x3.43% 1.99B
140.86x - - - 1.52B
36.53x1.72x16.37x0.51% 1.54B
89.3x1.85x23.2x - 1.67B
Average 63.56x 2.66x 18.24x 1.46% 1.84B
Weighted average by Cap. 55.40x 3.40x 20.18x 1.22%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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