Company Valuation: Alfresa Holdings Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 451,499 343,826 343,217 415,318 383,847 393,874 - -
Change - -23.85% -0.18% 21.01% -7.58% 2.61% - -
Enterprise Value (EV) 287,335 168,429 186,950 236,499 242,307 301,938 393,874 393,874
Change - -41.38% 11% 26.5% 2.46% 24.61% 0% 0%
P/E 18.4x 11.1x 13.3x 14.4x 14.3x 11x 16.7x 13.4x
PBR 0.92x 0.73x 0.7x 0.87x 0.8x 0.91x 0.76x 0.72x
PEG - 0.3x -0.8x 0.7x -3.34x 0.2x -0.5x 0.5x
Capitalization / Revenue 0.17x 0.13x 0.13x 0.15x 0.13x 0.15x 0.12x 0.12x
EV / Revenue 0x 0x 0x 0x 0x 0x 0.12x 0.12x
EV / EBITDA 0x 0x 0x 0x 0x 0x 7.7x 7.53x
EV / EBIT 0x 0x 0x 0x 0x 0x 10.7x 10.3x
EV / FCF -0x 0x -0x 0x -0x 0x 17.9x 24.1x
FCF Yield -5.74% 11.3% -2.17% 17.4% -4.12% 6.5% 5.59% 4.15%
Dividend per Share 2 53 54 57 70 63 68 71 79
Rate of return 2.48% 3.18% 3.36% 3.15% 2.98% 2.69% 3.28% 3.64%
EPS 2 115.8 153.6 127.4 154.1 147.5 229.6 130 162.3
Distribution rate 45.8% 35.2% 44.7% 45.4% 42.7% 29.6% 54.6% 48.7%
Net sales 1 2,603,169 2,585,643 2,696,069 2,858,500 2,961,051 3,104,064 3,164,453 3,252,695
EBITDA 1 32,540 41,915 43,450 51,974 58,607 51,212 51,122 52,276
EBIT 1 20,672 29,091 30,148 38,460 38,080 36,164 36,682 38,362
Net income 1 24,501 32,182 25,786 29,558 27,389 41,746 25,246 28,121
Net Debt -164,164 -175,397 -156,267 -178,819 -141,540 -157,446 - -
Reference price 2 2,133.00 1,699.00 1,696.00 2,222.50 2,111.50 2,167.50 2,167.50 2,167.50
Nbr of stocks (in thousands) 211,673 202,370 202,369 186,870 181,789 181,718 - -
Announcement Date 14/05/21 16/05/22 15/05/23 14/05/24 15/05/25 15/05/26 - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.57x - - 3.2% 2.41B
22.8x3.43x12.87x2.76% 161B
17.95x3.16x11.13x3.74% 101B
15.86x0.18x11.37x0.82% 56.12B
32.74x7.95x20.8x1.23% 53.35B
38.1x3.02x10.38x2.52% 42.13B
39.95x1.44x12.67x0.2% 35.29B
28.13x5.01x15.96x-.--% 26.57B
43.35x7.52x27.13x0.25% 25.79B
23.36x3.42x12.28x1.24% 20.69B
Average 27.28x 3.90x 14.96x 1.6% 52.43B
Weighted average by Cap. 25.76x 3.60x 13.80x 2.07%

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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