Company Valuation: Alfresa Holdings Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 343,826 343,217 415,318 383,847 459,384 402,574 - -
Change - -0.18% 21.01% -7.58% 19.68% -12.37% - -
Enterprise Value (EV) 168,429 186,950 236,499 242,307 301,938 402,574 402,574 402,574
Change - 11% 26.5% 2.46% 24.61% 33.33% 0% 0%
P/E 11.1x 13.3x 14.4x 14.3x 11x 17.5x 14.5x 15.2x
PBR 0.73x 0.7x 0.87x 0.8x 0.91x 0.8x 0.77x 0.77x
PEG - -0.8x 0.7x -3.34x 0.2x -0.4x 0.7x -3.23x
Capitalization / Revenue 0.13x 0.13x 0.15x 0.13x 0.15x 0.13x 0.12x 0.12x
EV / Revenue 0x 0x 0x 0x 0x 0.13x 0.12x 0.12x
EV / EBITDA 0x 0x 0x 0x 0x 8.15x 7.92x 7.67x
EV / EBIT 0x 0x 0x 0x 0x 11.7x 10.8x 10.6x
EV / FCF 0x -0x 0x -0x 0x 19.2x 24.6x 33.5x
FCF Yield 11.3% -2.17% 17.4% -4.12% 6.5% 5.22% 4.06% 2.98%
Dividend per Share 2 54 57 70 63 68 71 79 85
Rate of return 3.18% 3.36% 3.15% 2.98% 2.69% 3.09% 3.44% 3.7%
EPS 2 153.6 127.4 154.1 147.5 229.6 131.1 158 150.6
Distribution rate 35.2% 44.7% 45.4% 42.7% 29.6% 54.2% 50% 56.5%
Net sales 1 2,585,643 2,696,069 2,858,500 2,961,051 3,104,064 3,188,539 3,279,596 3,340,075
EBITDA 1 41,915 43,450 51,974 58,607 51,212 49,400 50,836 52,514
EBIT 1 29,091 30,148 38,460 38,080 36,164 34,453 37,402 38,069
Net income 1 32,182 25,786 29,558 27,389 41,746 23,486 27,351 26,886
Net Debt -175,397 -156,267 -178,819 -141,540 -157,446 - - -
Reference price 2 1,699.00 1,696.00 2,222.50 2,111.50 2,528.00 2,295.00 2,295.00 2,295.00
Nbr of stocks (in thousands) 202,370 202,369 186,870 181,789 181,719 175,413 - -
Announcement Date 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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.51x - - 3.09% 2.62B
28.88x3.99x15.42x2.52% 176B
19.24x3.52x12.58x3.12% 116B
17.61x0.2x12.86x0.74% 61.36B
27.83x6.83x17.6x1.44% 49.42B
34.27x3.34x11.43x2.21% 48.44B
33.28x5.85x18.35x-.--% 31.33B
42x1.24x11.46x0.22% 28.56B
40.38x7.07x25.37x0.26% 24.37B
16.74x2.67x9.46x1.65% 21.57B
Average 27.77x 3.86x 14.95x 1.53% 56.04B
Weighted average by Cap. 26.91x 3.72x 14.56x 1.94%

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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