Company Valuation: BASE,Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 68,655 26,601 28,103 37,629 36,716 31,668 - -
Change - -61.25% 5.65% 33.9% -2.43% -13.75% - -
Enterprise Value (EV) 44,602 4,191 5,876 12,626 10,745 31,668 31,668 31,668
Change - -90.6% 40.2% 114.86% -14.9% 194.73% 0% 0%
P/E -57x -15.3x -46x 111x 20.1x 16x 12.6x 10.1x
PBR 4.55x 1.99x 2.16x 2.81x 2.51x 2.05x 1.94x 1.77x
PEG - -0.4x 0.7x -1x 0x 1.91x 0.5x 0.4x
Capitalization / Revenue 6.91x 2.73x 2.41x 2.35x 1.77x 1.15x 1.02x 0.91x
EV / Revenue 0x 0x 0x 0x 0x 1.15x 1.02x 0.91x
EV / EBITDA -0x -0x -0x 0x - 12.8x 10.2x 8.1x
EV / EBIT -0x -0x -0x 0x 0x 13x 10.4x 8.2x
EV / FCF 0x -0x -0x 0x 0x 4.35x 6.33x 5.18x
FCF Yield 2.57% -6.51% -0.48% 9.65% 8.86% 23% 15.8% 19.3%
Dividend per Share 2 - - - - 5 5 5 5
Rate of return - - - - 1.57% 1.82% 1.82% 1.82%
EPS 2 -10.8 -15.46 -5.31 2.94 15.87 17.2 21.9 27.3
Distribution rate - - - - 31.5% 29.1% 22.8% 18.3%
Net sales 1 9,931 9,739 11,680 15,981 20,729 27,600 31,000 34,900
EBITDA 1 -932 -1,459 -423 803 - 2,480 3,100 3,910
EBIT 1 -977 -1,508 -425 772 1,686 2,430 3,050 3,860
Net income 1 -1,194 -1,732 -606 340 1,826 1,930 2,450 3,060
Net Debt -24,053 -22,410 -22,227 -25,003 -25,971 - - -
Reference price 2 616.00 236.00 244.00 325.00 319.00 275.00 275.00 275.00
Nbr of stocks (in thousands) 111,453 112,718 115,178 115,782 115,096 115,157 - -
Announcement Date 09/02/22 08/02/23 08/02/24 14/02/25 12/02/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.41x3.94x9.18x1.43% 494B
19.88x5.88x17.67x-.--% 301B
23.79x2.54x13.11x-.--% 147B
6.21x132x4.82x0.09% 144B
9.44x8.03x88.79x0.67% 92.12B
31.39x3.8x24.89x-.--% 94.41B
28.13x5.29x14.95x-.--% 84.93B
72.22x4.27x20.83x-.--% 80.4B
8.07x2.86x40.55x0.6% 37.74B
Average 23.72x 18.74x 26.09x 0.31% 163.9B
Weighted average by Cap. 20.21x 17.04x 18.62x 0.55%

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