Company Valuation: Voltage Incorporation

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026
Market Cap 1 3,102 2,293 2,113 1,721 1,697 1,387
Change - -26.09% -7.84% -18.54% -1.41% -18.27%
Enterprise Value (EV) 1 1,409 845.7 739.9 31.12 119.8 101.9
Change - -39.97% -12.51% -95.79% 285.05% -15%
P/E 19x -5.56x -54.2x 344x 130x -17.3x
PBR 1.18x 1.05x 0.98x 0.79x 0.77x 0.62x
PEG - 0x 0.6x -3x 1x 0x
Capitalization / Revenue 0.45x 0.43x 0.5x 0.5x 0.6x 0.59x
EV / Revenue 0.2x 0.16x 0.17x 0.01x 0.04x 0.04x
EV / EBITDA 7.83x -2.57x -15.4x -0.54x 1.87x -0.79x
EV / EBIT 8.86x -2.33x -8.7x -0.33x 7.99x -0.59x
EV / FCF 11.7x 8.09x 40.5x -1.2x -19.2x -0.87x
FCF Yield 8.54% 12.4% 2.47% -83.5% -5.22% -115%
Dividend per Share 2 8 - - - - -
Rate of return 1.66% - - - - -
EPS 2 25.45 -64.15 -6.073 0.7786 2.024 -12.31
Distribution rate 31.4% - - - - -
Net sales 1 6,902 5,392 4,257 3,456 2,818 2,366
EBITDA 1 180 -329 -48 -58 64 -129
EBIT 1 159 -363 -85 -95 15 -174
Net income 1 163 -412 -39 5 13 -80
Net Debt 1 -1,693 -1,447 -1,373 -1,690 -1,577 -1,285
Reference price 2 483.00 357.00 329.00 268.00 264.00 213.00
Nbr of stocks (in thousands) 6,422 6,422 6,422 6,422 6,427 6,511
Announcement Date 9/30/21 9/30/22 9/25/23 9/27/24 9/29/25 9/28/26
1JPY in Million2JPY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 8.8M
26.61x9.82x16.02x0.73% 3,895B
126.89x56.1x91.33x-.--% 473B
18.99x5.52x9.62x1.58% 382B
241.45x21.53x63.04x-.--% 311B
29.96x6.06x18.99x1.25% 277B
2575.7x43.13x141.09x-.--% 264B
100.91x10.01x26.8x-.--% 164B
58.59x15.69x41.34x-.--% 132B
14.46x3.85x8.04x-.--% 103B
Average 354.84x 19.08x 46.25x 0.4% 600.23B
Weighted average by Cap. 160.09x 15.12x 30.34x 0.63%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Voltage Incorporation

Historical PBR trend

Valuation ratios - PBR - Voltage Incorporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Voltage Incorporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Voltage Incorporation

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