Company Valuation: ULVAC, Inc.

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 277,308 227,530 300,025 517,832 261,282 373,426 - -
Change - -17.95% 31.86% 72.6% -49.54% 42.92% - -
Enterprise Value (EV) 1 228,297 152,259 247,519 472,189 201,930 319,841 302,059 283,548
Change - -33.31% 62.56% 90.77% -57.24% 58.39% -5.56% -6.13%
P/E 18.7x 11.3x 21.2x 25.6x 15.7x 29.8x 16.7x 14x
PBR 1.71x 1.2x 1.51x 2.35x 1.17x 2.11x 1.47x 1.38x
PEG - 0.3x -0.7x 0.6x -0.9x 11.64x 1.6x 0.7x
Capitalization / Revenue 1.52x 0.94x 1.32x 1.98x 1.04x 1.89x 1.37x 1.32x
EV / Revenue 1.25x 0.63x 1.09x 1.81x 0.8x 1.22x 1.1x 1x
EV / EBITDA 8.92x 3.94x 8.78x 12.1x 5.41x 8.81x 6.85x 5.52x
EV / EBIT 13.3x 5.07x 12.4x 15.9x 7.61x 16.4x 9.45x 7.51x
EV / FCF 12.3x 5.75x -16.9x -200x 10.6x 89.8x 11.8x 13.9x
FCF Yield 8.15% 17.4% -5.92% -0.5% 9.46% 2.5% 8.46% 7.21%
Dividend per Share 2 95 124 109 144 164 152 167.6 197.2
Rate of return 1.69% 2.68% 1.79% 1.37% 3.09% 1.47% 2.21% 2.6%
EPS 2 301.1 410.4 287.7 410.7 338.7 347.4 455.6 544.2
Distribution rate 31.5% 30.2% 37.9% 35.1% 48.4% 43.8% 36.8% 36.2%
Net sales 1 183,011 241,260 227,528 261,115 251,184 269,130 273,361 283,616
EBITDA 1 25,583 38,648 28,191 38,952 37,328 30,405 44,127 51,374
EBIT 1 17,197 30,061 19,946 29,771 26,523 19,598 31,952 37,749
Net income 1 14,830 20,211 14,169 20,233 16,687 17,092 22,417 26,762
Net Debt 1 -49,011 -75,271 -52,506 -45,643 -59,352 -53,585 -71,367 -89,878
Reference price 2 5,630.00 4,620.00 6,092.00 10,510.00 5,306.00 7,594.00 7,594.00 7,594.00
Nbr of stocks (in thousands) 49,255 49,249 49,249 49,270 49,243 49,174 - -
Announcement Date 8/10/21 8/9/22 8/8/23 8/13/24 8/13/25 8/14/26 - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.41x1.21x8.78x2.08% 2.35B
39.35x13.07x30.2x0.6% 675B
33.03x11x27.25x0.37% 389B
32.29x7.14x22.2x1.52% 155B
31.66x3.44x15.81x1.67% 81.23B
52.95x7.01x24.46x0.28% 22.1B
40.64x13.06x27.12x0.93% 19.72B
21.01x3.05x13.04x1.45% 15.58B
50.11x9.26x27.55x - 14.67B
19.95x1.79x8.82x0.66% 12.64B
Average 33.94x 7.00x 20.52x 1.06% 138.68B
Weighted average by Cap. 36.27x 10.89x 27.05x 0.72%

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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