Company Valuation: Alfresa Holdings Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 343,826 343,217 415,318 383,847 459,384 401,075 - -
Change - -0.18% 21.01% -7.58% 19.68% -12.69% - -
Enterprise Value (EV) 168,429 186,950 236,499 242,307 301,938 401,075 401,075 401,075
Change - 11% 26.5% 2.46% 24.61% 32.83% 0% 0%
P/E 11.1x 13.3x 14.4x 14.3x 11x 17.6x 14.1x 14.8x
PBR 0.73x 0.7x 0.87x 0.8x 0.91x 0.8x 0.76x 0.76x
PEG - -0.8x 0.7x -3.34x 0.2x -0.4x 0.6x -2.99x
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 7.85x 7.67x 7.55x
EV / EBIT 0x 0x 0x 0x 0x 10.9x 10.5x 10.4x
EV / FCF 0x -0x 0x -0x 0x 18.2x 24.5x 30.9x
FCF Yield 11.3% -2.17% 17.4% -4.12% 6.5% 5.49% 4.08% 3.24%
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% 3.11% 3.46% 3.72%
EPS 2 153.6 127.4 154.1 147.5 229.6 130 162.3 154.2
Distribution rate 35.2% 44.7% 45.4% 42.7% 29.6% 54.6% 48.7% 55.1%
Net sales 1 2,585,643 2,696,069 2,858,500 2,961,051 3,104,064 3,164,453 3,252,695 3,296,209
EBITDA 1 41,915 43,450 51,974 58,607 51,212 51,122 52,276 53,122
EBIT 1 29,091 30,148 38,460 38,080 36,164 36,682 38,362 38,676
Net income 1 32,182 25,786 29,558 27,389 41,746 25,246 28,121 27,578
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 2,286.50 2,286.50 2,286.50
Nbr of stocks (in thousands) 202,370 202,369 186,870 181,789 181,719 175,410 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
17.12x - - 3.19% 2.41B
22x3.32x12.36x2.86% 155B
17.99x3.16x11.14x3.74% 102B
16.81x0.19x11.89x0.78% 58.81B
32.32x7.84x20.51x1.24% 52.82B
37.54x2.99x10.27x2.56% 41.51B
37.06x1.36x11.95x0.21% 32.69B
30.28x5.4x17.21x-.--% 28.6B
42.5x7.43x26.82x0.25% 25.27B
22.96x3.36x12.09x1.26% 20.34B
Average 27.66x 3.89x 14.91x 1.61% 51.89B
Weighted average by Cap. 25.34x 3.56x 13.67x 2.1%

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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