Company Valuation: Tokyu Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 958,592 1,062,448 1,104,456 977,945 1,062,583 910,452 - -
Change - 10.83% 3.95% -11.45% 8.65% -14.32% - -
Enterprise Value (EV) 1 2,102,073 2,280,625 2,316,631 2,207,536 2,363,783 2,220,498 2,252,233 2,279,656
Change - 8.49% 1.58% -4.71% 7.08% -6.06% 1.43% 1.22%
P/E 109x 41x 17.4x 12.5x 12.2x 10x 9.77x 9.44x
PBR 1.36x 1.46x 1.4x 1.17x 1.16x 0.96x 0.89x 0.83x
PEG - 0x 0x 0.5x 0.9x 1.79x 3.49x 2.71x
Capitalization / Revenue 1.09x 1.14x 1.06x 0.93x 0.98x 0.8x 0.79x 0.77x
EV / Revenue 2.39x 2.45x 2.23x 2.09x 2.18x 1.96x 1.95x 1.94x
EV / EBITDA 18.2x 17.9x 12.8x 11.6x 12.3x 10.9x 10.7x 10.5x
EV / EBIT 66.6x 51.1x 24.4x 21.3x 22.9x 20.4x 19.8x 19.4x
EV / FCF 311x -38.6x 52.3x 76.8x -45.2x -191x 119x 120x
FCF Yield 0.32% -2.59% 1.91% 1.3% -2.21% -0.52% 0.84% 0.84%
Dividend per Share 2 15 15 17.5 24 30 32.25 34.43 36.67
Rate of return 0.94% 0.85% 0.95% 1.42% 1.61% 2% 2.13% 2.27%
EPS 2 14.58 42.94 105.8 134.8 152.2 160.7 165.2 171
Distribution rate 103% 34.9% 16.5% 17.8% 19.7% 20.1% 20.8% 21.4%
Net sales 1 879,112 931,293 1,037,819 1,054,900 1,086,179 1,135,060 1,154,197 1,177,329
EBITDA 1 115,735 127,576 181,600 190,000 191,700 202,899 210,446 217,484
EBIT 1 31,544 44,603 94,905 103,400 103,193 109,025 113,810 117,543
Net income 1 8,782 25,995 63,763 79,600 87,071 90,944 92,178 93,786
Net Debt 1 1,143,481 1,218,177 1,212,175 1,229,591 1,301,200 1,310,047 1,341,781 1,369,205
Reference price 2 1,592.00 1,762.00 1,844.00 1,685.00 1,861.50 1,613.50 1,613.50 1,613.50
Nbr of stocks (in thousands) 602,131 602,978 598,946 580,383 570,821 564,271 - -
Announcement Date 5/13/22 5/11/23 5/13/24 5/14/25 5/12/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.06x2.74x10.14x2.41% 26.12B
10.18x5.03x15.22x4.04% 25.72B
7.58x3.88x8.1x0.83% 23.58B
-43.6x0.35x31.41x-.--% 13.93B
12.94x1.85x5.87x4.25% 11.49B
13.5x1.6x8.16x3.12% 9.03B
13.1x1.97x12.75x2.23% 6.79B
10.04x1.96x10.94x2% 5.81B
16.76x4.18x11.67x3.01% 5.45B
Average 6.17x 2.62x 12.69x 2.43% 14.21B
Weighted average by Cap. 5.75x 2.97x 12.82x 2.4%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Tokyu Corporation

Historical PBR trend

Valuation ratios - PBR - Tokyu Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Tokyu Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Tokyu Corporation


Year-on-year evolution of the Yield

Valuation ratios - Yield - Tokyu Corporation