Company Valuation: Visional, Inc.

Data adjusted to current consolidation scope
Fiscal Period: July 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 198,653 277,194 305,322 312,304 472,263 354,395 - -
Change - 39.54% 10.15% 2.29% 51.22% -24.96% - -
Enterprise Value (EV) 1 173,823 246,477 264,191 254,243 399,484 269,804 250,690 226,855
Change - 41.8% 7.19% -3.77% 57.13% -32.46% -7.09% -9.51%
P/E 128x 45x 30.4x 23.8x 29.6x 18.9x 18.1x 15.2x
PBR 8.82x 9.67x 7.83x 5.99x 7.08x 4.1x 3.37x 2.82x
PEG - 0x 0.5x 0.8x 1.4x 1.2x 1.4x 0.8x
Capitalization / Revenue 6.92x 6.31x 5.43x 4.72x 5.89x 3.55x 3x 2.59x
EV / Revenue 6.06x 5.61x 4.69x 3.84x 4.98x 2.72x 2.12x 1.66x
EV / EBITDA 57.2x 28.2x 18.9x 13.3x 17.2x 9.81x 8.31x 6.24x
EV / EBIT 73.4x 29.6x 20x 14.3x 18.6x 11x 9x 6.76x
EV / FCF 40.6x 43.6x 25.3x 15.3x 25.1x 26.4x 13.1x 10.1x
FCF Yield 2.46% 2.29% 3.95% 6.55% 3.99% 3.79% 7.64% 9.88%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 43.37 160.9 256.8 330.7 400.8 461.4 482.6 575.2
Distribution rate - - - - - - - -
Net sales 1 28,698 43,954 56,273 66,146 80,161 99,300 118,111 136,697
EBITDA 1 3,037 8,735 13,954 19,060 23,196 27,491 30,174 36,350
EBIT 1 2,368 8,320 13,225 17,837 21,442 24,563 27,855 33,560
Net income 1 1,420 5,858 9,928 12,990 15,950 18,566 19,406 23,268
Net Debt 1 -24,830 -30,717 -41,131 -58,061 -72,779 -82,693 -103,706 -127,540
Reference price 2 5,540.00 7,240.00 7,810.00 7,880.00 11,875.00 8,753.00 8,753.00 8,753.00
Nbr of stocks (in thousands) 35,858 38,287 39,094 39,632 39,770 40,488 - -
Announcement Date 9/13/21 9/14/22 9/14/23 9/12/24 9/11/25 9/10/26 - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.24x2.68x10.21x-.--% 2.24B
30.47x5.33x20.59x0.16% 149B
21.09x4.31x14.45x2.77% 102B
17.9x5.56x11.81x4.93% 35.06B
17.91x0.32x7.97x4.69% 6.98B
9.79x2.96x6.48x1.71% 6.61B
13.04x0.28x7.54x4.16% 4.95B
18.04x3.31x10.43x2% 4.29B
13.25x0.32x5.44x4.57% 4.02B
Average 17.97x 2.79x 10.55x 2.78% 35.02B
Weighted average by Cap. 24.58x 4.67x 16.44x 1.81%

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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