Company Valuation: Treasure Factory Co.,LTD.

Data adjusted to current consolidation scope
Fiscal Period: February 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 10,448 25,003 34,528 36,982 44,491 46,296 - -
Change - 139.32% 38.09% 7.11% 20.31% 4.06% - -
Enterprise Value (EV) 12,425 26,161 37,297 39,589 46,699 46,296 46,296 46,296
Change - 110.56% 42.56% 6.15% 17.96% -0.86% 0% 0%
P/E 15x 14.4x 15.4x 13.6x 14x 12.9x 11.8x 10.1x
PBR 2.21x 3.77x 4.08x 3.55x 3.49x - - -
PEG - 0x 0.6x 0.7x 0.8x 1x 1.26x 0.6x
Capitalization / Revenue 0.45x 0.89x 1x 0.88x 0.92x 0.84x 0.75x 0.68x
EV / Revenue 0x 0x 0x 0x 0x 0.84x 0.75x 0.68x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 8.61x 7.88x 6.81x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 8.5 18.5 28 36 40 46 50.5 60
Rate of return 1.81% 1.68% 1.9% 2.28% 2.11% 2.33% 2.56% 3.04%
EPS 2 31.39 76.31 95.94 115.6 135.3 152.7 167 196.2
Distribution rate 27.1% 24.2% 29.2% 31.1% 29.6% 30.1% 30.2% 30.6%
Net sales 1 23,313 28,212 34,454 42,207 48,597 55,050 61,675 68,000
EBITDA - - 3,905 - - - - -
EBIT 1 995 2,565 3,348 4,035 4,777 5,380 5,875 6,800
Net income 1 703 1,710 2,241 2,709 3,171 3,580 3,915 4,600
Net Debt 1,977 1,158 2,769 2,607 2,208 - - -
Reference price 2 470.00 1,098.00 1,476.00 1,578.00 1,898.00 1,975.00 1,975.00 1,975.00
Nbr of stocks (in thousands) 22,229 22,772 23,393 23,436 23,441 23,441 - -
Announcement Date 4/13/22 4/12/23 4/10/24 4/9/25 4/9/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.7x - - 2.37% 288M
7.37x1.16x6.44x3.63% 32.82B
16.07x4.13x9.42x1.67% 24.96B
18.78x1.73x11.52x-.--% 23.25B
16.6x1.14x9.63x3.11% 16.2B
21.94x1.96x10.01x-.--% 15.81B
11.5x0.58x6.03x3.64% 12.1B
15.93x2.06x9.93x2.5% 11.18B
22.32x5.57x13.79x1.38% 9.08B
23.6x0.49x7.33x-.--% 7.3B
Average 16.68x 2.09x 9.35x 1.83% 15.3B
Weighted average by Cap. 15.63x 2.06x 9.11x 1.94%

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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