Company Valuation: Voltage Incorporation

Data adjusted to current consolidation scope
Fiscal Period: June 2020 2021 2022 2023 2024 2025
Market Cap 1 2,737 3,102 2,293 2,113 1,721 1,697
Change - 13.33% -26.09% -7.84% -18.54% -1.41%
Enterprise Value (EV) 1 1,207 1,409 845.7 739.9 31.12 119.8
Change - 16.72% -39.97% -12.51% -95.79% 285.05%
P/E -15.9x 19x -5.56x -54.2x 344x 130x
PBR 1.2x 1.18x 1.05x 0.98x 0.79x 0.77x
PEG - -0x 0x 0.6x -3x 1x
Capitalization / Revenue 0.42x 0.45x 0.43x 0.5x 0.5x 0.6x
EV / Revenue 0.18x 0.2x 0.16x 0.17x 0.01x 0.04x
EV / EBITDA -16.8x 7.83x -2.57x -15.4x -0.54x 1.87x
EV / EBIT -14x 8.86x -2.33x -8.7x -0.33x 7.99x
EV / FCF -5.01x 11.7x 8.09x 40.5x -1.2x -19.2x
FCF Yield -19.9% 8.54% 12.4% 2.47% -83.5% -5.22%
Dividend per Share 2 - 8 - - - -
Rate of return - 1.66% - - - -
EPS 2 -28.48 25.45 -64.15 -6.073 0.7786 2.024
Distribution rate - 31.4% - - - -
Net sales 1 6,587 6,902 5,392 4,257 3,456 2,818
EBITDA 1 -72 180 -329 -48 -58 64
EBIT 1 -86 159 -363 -85 -95 15
Net income 1 -160 163 -412 -39 5 13
Net Debt 1 -1,530 -1,693 -1,447 -1,373 -1,690 -1,577
Reference price 2 453.00 483.00 357.00 329.00 268.00 264.00
Nbr of stocks (in thousands) 6,042 6,422 6,422 6,422 6,422 6,427
Announcement Date 9/30/20 9/30/21 9/30/22 9/25/23 9/27/24 9/29/25
1JPY in Million2JPY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 8.7M
-43.71x0.4x38.31x-.--% 15.69B
-48.42x1.3x6.93x-.--% 8.02B
12.42x4.86x9.03x2.92% 7.72B
39.67x6.36x31.48x-.--% 4.58B
12.35x1.46x7.25x1.32% 2.27B
11.55x1.12x4.49x2.19% 1.7B
21.27x1.38x5.89x - 1.53B
119.71x5.8x43.75x - 1.19B
Average 15.60x 2.83x 18.39x 1.07% 4.75B
Weighted average by Cap. -13.44x 2.28x 22.38x 0.73%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  3. 3639 Stock
  4. Valuation Voltage Incorporation