Company Valuation: Tosoh Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 577,230 572,045 656,481 654,060 712,307 832,844 - -
Change - -0.9% 14.76% -0.37% 8.91% 16.92% - -
Enterprise Value (EV) 1 507,619 628,545 683,004 691,616 761,601 948,932 935,148 939,587
Change - 23.82% 8.66% 1.26% 10.12% 24.6% -1.45% 0.47%
P/E 5.35x 11.4x 11.5x 11.3x 17.5x 13.3x 12.4x 11.3x
PBR 0.81x 0.77x 0.83x 0.79x 0.86x 0.98x 0.94x 0.9x
PEG - -0.2x 0.8x 9.88x -0.6x 0.2x 1.79x 1.16x
Capitalization / Revenue 0.63x 0.54x 0.65x 0.62x 0.7x 0.74x 0.73x 0.7x
EV / Revenue 0.55x 0.59x 0.68x 0.65x 0.75x 0.85x 0.82x 0.79x
EV / EBITDA 2.75x 5.34x 5.49x 4.72x 5.3x 6x 5.55x 5.18x
EV / EBIT 3.52x 8.42x 8.55x 6.99x 7.97x 8.65x 8x 7.35x
EV / FCF 7.8x -6.62x 12x 27.6x 18.2x 31.9x 21x 17.2x
FCF Yield 12.8% -15.1% 8.35% 3.62% 5.5% 3.13% 4.77% 5.8%
Dividend per Share 2 80 80 85 100 100 100 110 116.9
Rate of return 4.41% 4.45% 4.12% 4.87% 4.32% 3.7% 4.07% 4.32%
EPS 2 339.2 158.1 180.1 182.1 132.4 203.9 218 239.3
Distribution rate 23.6% 50.6% 47.2% 54.9% 75.5% 49.1% 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 1 184,708 117,668 124,356 146,414 143,613 158,167 168,361 181,407
EBIT 1 144,045 74,606 79,845 98,906 95,532 109,732 116,964 127,767
Net income 1 107,938 50,335 57,324 58,002 41,615 61,940 65,239 71,210
Net Debt 1 -69,611 56,500 26,523 37,556 49,294 116,088 102,304 106,743
Reference price 2 1,814.00 1,797.00 2,062.00 2,053.50 2,313.50 2,705.00 2,705.00 2,705.00
Nbr of stocks (in thousands) 318,209 318,334 318,371 318,510 307,892 307,891 - -
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.($)
13.27x0.85x6x3.7% 5.16B
23.58x4.33x11.94x1.64% 84.27B
16.56x0.9x7.65x4.8% 46.81B
60.91x9.41x42.1x0.95% 17.06B
15.22x0.97x7.14x2.44% 15.35B
13.78x0.76x5.27x2.76% 9.77B
16.19x0.69x7.9x3.29% 9.28B
36.79x4.82x21.23x0.35% 8.62B
28.5x1.47x7.92x2.44% 7.69B
44.65x - - 0.67% 7.01B
Average 26.94x 2.69x 13.02x 2.3% 21.1B
Weighted average by Cap. 24.82x 3.20x 12.70x 2.46%

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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