Company Valuation: Yamato Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 18,113 18,805 20,663 26,330 37,752 50,236
Change - 3.82% 9.88% 27.42% 43.38% 33.07%
Enterprise Value (EV) 1 10,571 10,464 15,415 18,541 26,657 45,536
Change - -1.01% 47.31% 20.27% 43.78% 70.82%
P/E 7.94x 6.82x 11.1x 17.8x 9.62x 11.4x
PBR 0.57x 0.56x 0.6x 0.71x 0.92x 1.18x
PEG - 0.3x -0.3x -0.9x 0x 0.5x
Capitalization / Revenue 0.41x 0.41x 0.46x 0.55x 0.71x 0.92x
EV / Revenue 0.24x 0.23x 0.35x 0.38x 0.5x 0.84x
EV / EBITDA 3.03x 2.54x 5.42x 7.16x 4.8x 7.43x
EV / EBIT 3.43x 2.85x 7.29x 10.3x 5.56x 8.43x
EV / FCF 2.58x 5.69x -5.96x 7.66x 7.88x -17.4x
FCF Yield 38.7% 17.6% -16.8% 13.1% 12.7% -5.75%
Dividend per Share 2 15 25 25 27 40 60
Rate of return 2.12% 3.41% 3.09% 2.59% 2.63% 2.67%
EPS 2 88.94 107.5 72.83 58.63 158.2 197.5
Distribution rate 16.9% 23.3% 34.3% 46.1% 25.3% 30.4%
Net sales 1 43,767 45,576 44,500 48,296 53,168 54,327
EBITDA 1 3,489 4,126 2,844 2,589 5,554 6,128
EBIT 1 3,082 3,678 2,116 1,808 4,797 5,402
Net income 1 2,288 2,757 1,866 1,479 3,932 4,589
Net Debt 1 -7,542 -8,341 -5,248 -7,789 -11,095 -4,700
Reference price 2 706.00 733.00 809.00 1,044.00 1,522.00 2,244.00
Nbr of stocks (in thousands) 25,656 25,656 25,542 25,220 24,804 22,387
Announcement Date 6/16/21 6/16/22 6/19/23 6/19/24 6/16/25 6/15/26
1JPY in Million2JPY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 278M
64.77x2.8x27.37x0.07% 93.91B
13.15x1.06x5.84x4.46% 71.19B
35.72x4.45x24.08x0.18% 60.91B
25.13x1.93x18.7x1.24% 54.07B
55.22x4.6x29.38x1.67% 45.7B
32.28x0.77x12.79x1.95% 38.33B
27.07x0.53x8.47x2.2% 34.63B
25.42x1.65x15.87x0.19% 33.1B
4.84x0.3x5.82x5.89% 28.68B
Average 31.51x 2.01x 16.48x 1.98% 46.08B
Weighted average by Cap. 35.25x 2.25x 17.99x 1.75%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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