Company Valuation: Tosoh Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 577,230 572,045 656,481 654,060 712,307 843,771 - -
Change - -0.9% 14.76% -0.37% 8.91% 18.46% - -
Enterprise Value (EV) 1 507,619 628,545 683,004 691,616 761,601 927,671 946,075 950,514
Change - 23.82% 8.66% 1.26% 10.12% 21.81% 1.98% 0.47%
P/E 5.35x 11.4x 11.5x 11.3x 17.5x 13.6x 12.6x 11.5x
PBR 0.81x 0.77x 0.83x 0.79x 0.86x 1x 0.95x 0.92x
PEG - -0.2x 0.8x 9.88x -0.6x 0.3x 1.5x 1.18x
Capitalization / Revenue 0.63x 0.54x 0.65x 0.62x 0.7x 0.75x 0.74x 0.71x
EV / Revenue 0.55x 0.59x 0.68x 0.65x 0.75x 0.83x 0.83x 0.8x
EV / EBITDA 2.75x 5.34x 5.49x 4.72x 5.3x 5.91x 5.62x 5.24x
EV / EBIT 3.52x 8.42x 8.55x 6.99x 7.97x 8.44x 8.09x 7.44x
EV / FCF 7.8x -6.62x 12x 27.6x 18.2x 11.4x 21.2x 17.4x
FCF Yield 12.8% -15.1% 8.35% 3.62% 5.5% 8.74% 4.71% 5.74%
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% 3.74% 4.01% 4.26%
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 2,740.50 2,740.50 2,740.50
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.($)
13.63x0.83x5.91x3.74% 5.31B
20.6x3.7x10.47x1.92% 73.56B
13.18x0.93x7.8x4.41% 51.35B
59.47x9.62x40.77x0.92% 17.98B
13.74x0.9x6.48x2.69% 14.24B
17.5x0.75x8.43x2.93% 10.54B
14.22x0.76x5.22x2.6% 10.54B
37.24x1.74x9.21x2.02% 9.54B
32.48x4.43x18.98x0.36% 8.11B
5.12x0.67x3.1x-.--% 7.04B
Average 22.72x 2.43x 11.64x 2.16% 20.82B
Weighted average by Cap. 21.70x 2.80x 11.70x 2.51%

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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