Company Valuation: TYK Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 14,703 13,002 14,597 21,002 21,507 24,526
Change - -11.57% 12.26% 43.89% 2.4% 14.04%
Enterprise Value (EV) 1 5,538 3,920 5,501 9,571 9,008 10,538
Change - -29.21% 40.32% 74.01% -5.88% 16.98%
P/E 11.5x 7.5x 6.91x 8.83x 6.87x 6.56x
PBR 0.49x 0.41x 0.43x 0.54x 0.53x 0.52x
PEG - 0.2x 0.3x 0.7x 0.2x 0.3x
Capitalization / Revenue 0.64x 0.5x 0.51x 0.7x 0.67x 0.78x
EV / Revenue 0.24x 0.15x 0.19x 0.32x 0.28x 0.33x
EV / EBITDA 1.73x 0.93x 1.29x 2.27x 1.63x 2.3x
EV / EBIT 2.65x 1.27x 1.71x 3.01x 2x 3.06x
EV / FCF 2.18x -27.8x 23.8x 4.26x 6.13x 10.6x
FCF Yield 45.9% -3.59% 4.21% 23.5% 16.3% 9.45%
Dividend per Share 2 6 8 12 16.2 21.2 -
Rate of return 1.79% 2.72% 3.64% 3.42% 4.37% -
EPS 2 29.08 39.18 47.79 53.67 70.57 84.18
Distribution rate 20.6% 20.4% 25.1% 30.2% 30% -
Net sales 1 22,914 25,907 28,680 30,011 31,933 31,484
EBITDA 1 3,202 4,230 4,265 4,225 5,530 4,576
EBIT 1 2,086 3,093 3,209 3,182 4,504 3,442
Net income 1 1,284 1,732 2,115 2,378 3,130 3,740
Net Debt 1 -9,165 -9,082 -9,096 -11,431 -12,499 -13,988
Reference price 2 335.00 294.00 330.00 474.00 485.00 552.00
Nbr of stocks (in thousands) 43,889 44,225 44,232 44,309 44,345 44,432
Announcement Date 6/29/21 6/29/22 6/29/23 6/27/24 6/27/25 6/25/26
1JPY in Million2JPY
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 187M
18.14x2.14x10.23x1.46% 71.88B
33.14x5.3x17.4x0.69% 39.55B
38.44x10.77x24.12x1.11% 37.27B
31.98x5.71x16.75x0.58% 36.35B
41.83x4.1x21.71x0.68% 35.96B
13.68x1.62x7.43x2.22% 35.31B
20.44x2.66x10.13x1.15% 29.57B
516.42x5.64x132.83x0.31% 22.85B
11.87x1.31x6.58x0.82% 17.77B
Average 80.66x 4.36x 27.47x 1% 32.67B
Weighted average by Cap. 60.68x 4.31x 22.75x 1.08%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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