Company Valuation: Tosoh Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 577,230 572,045 656,481 654,060 712,307 816,523 - -
Change - -0.9% 14.76% -0.37% 8.91% 14.63% - -
Enterprise Value (EV) 1 507,619 628,545 683,004 691,616 761,601 900,423 918,827 923,266
Change - 23.82% 8.66% 1.26% 10.12% 18.23% 2.04% 0.48%
P/E 5.35x 11.4x 11.5x 11.3x 17.5x 13.2x 12.2x 11.1x
PBR 0.81x 0.77x 0.83x 0.79x 0.86x 0.97x 0.92x 0.89x
PEG - -0.2x 0.8x 9.88x -0.6x 0.3x 1.45x 1.14x
Capitalization / Revenue 0.63x 0.54x 0.65x 0.62x 0.7x 0.73x 0.72x 0.69x
EV / Revenue 0.55x 0.59x 0.68x 0.65x 0.75x 0.8x 0.81x 0.78x
EV / EBITDA 2.75x 5.34x 5.49x 4.72x 5.3x 5.74x 5.46x 5.09x
EV / EBIT 3.52x 8.42x 8.55x 6.99x 7.97x 8.19x 7.86x 7.23x
EV / FCF 7.8x -6.62x 12x 27.6x 18.2x 71.5x 20.6x 16.9x
FCF Yield 12.8% -15.1% 8.35% 3.62% 5.5% 1.4% 4.85% 5.91%
Dividend per Share 2 80 80 85 100 100 102.5 110 116.9
Rate of return 4.41% 4.45% 4.12% 4.87% 4.32% 3.87% 4.15% 4.41%
EPS 2 339.2 158.1 180.1 182.1 132.4 201.1 218 239.3
Distribution rate 23.6% 50.6% 47.2% 54.9% 75.5% 51% 50.5% 48.8%
Net sales 1 918,580 1,064,376 1,005,640 1,063,382 1,019,917 1,118,773 1,137,109 1,186,342
EBITDA 1 184,708 117,668 124,356 146,414 143,613 156,900 168,361 181,407
EBIT 1 144,045 74,606 79,845 98,906 95,532 109,977 116,964 127,767
Net income 1 107,938 50,335 57,324 58,002 41,615 61,465 65,239 71,210
Net Debt 1 -69,611 56,500 26,523 37,556 49,294 83,900 102,304 106,743
Reference price 2 1,814.00 1,797.00 2,062.00 2,053.50 2,313.50 2,652.00 2,652.00 2,652.00
Nbr of stocks (in thousands) 318,209 318,334 318,371 318,510 307,892 307,889 - -
Announcement Date 5/12/22 5/12/23 5/13/24 5/13/25 5/13/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.19x0.8x5.74x3.87% 5.18B
20.2x3.62x10.24x1.96% 72.74B
15.67x0.92x7.76x4.49% 50.41B
59.92x9.48x40.62x0.8% 17.82B
13.36x0.88x6.34x2.76% 13.97B
17.72x0.75x8.46x2.92% 10.51B
13.32x0.74x5.04x2.77% 9.95B
34.64x1.72x9.11x2.05% 9.39B
32.88x4.48x19.2x0.35% 8.24B
5.17x0.68x3.19x-.--% 7.15B
Average 22.61x 2.41x 11.57x 2.2% 20.54B
Weighted average by Cap. 22.08x 2.77x 11.61x 2.54%

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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