Company Valuation: Cube System Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 15,982 12,582 17,314 16,753 15,026 15,420
Change - -21.28% 37.61% -3.24% -10.31% 2.62%
Enterprise Value (EV) 1 11,795 7,764 10,706 10,148 9,023 8,705
Change - -34.18% 37.9% -5.21% -11.08% -3.53%
P/E 18.9x 13.4x 16.2x 15.7x 11.9x 9.83x
PBR 2.47x 1.76x 1.8x 1.65x 1.38x 1.35x
PEG - 1.1x 21.31x 154.26x 0.6x 0.4x
Capitalization / Revenue 1.08x 0.78x 1.06x 0.93x 0.82x 0.83x
EV / Revenue 0.8x 0.48x 0.66x 0.56x 0.49x 0.47x
EV / EBITDA 9.57x 5.25x 7.12x 6.43x 6.27x 5.09x
EV / EBIT 10x 5.48x 7.37x 6.61x 6.53x 5.58x
EV / FCF 12.1x 9.43x 12.9x 11x 23.8x 11.5x
FCF Yield 8.26% 10.6% 7.72% 9.13% 4.2% 8.72%
Dividend per Share 2 20 23 26 35 40 46
Rate of return 1.7% 2.47% 2.28% 3.17% 4.01% 4.53%
EPS 2 62.11 69.78 70.31 70.38 83.79 103.4
Distribution rate 32.2% 33% 37% 49.7% 47.7% 44.5%
Net sales 1 14,788 16,099 16,325 18,021 18,351 18,498
EBITDA 1 1,233 1,478 1,503 1,579 1,439 1,710
EBIT 1 1,174 1,418 1,452 1,536 1,382 1,559
Net income 1 844 944 989 1,067 1,261 1,564
Net Debt 1 -4,187 -4,818 -6,608 -6,605 -6,003 -6,715
Reference price 2 1,176.00 932.00 1,142.00 1,105.00 998.00 1,016.00
Nbr of stocks (in thousands) 13,590 13,500 15,161 15,161 15,056 15,177
Announcement Date 23/06/21 24/06/22 23/06/23 21/06/24 26/06/25 18/06/26
1JPY in Million2JPY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 98.68M
25.79x4.14x14.42x2.62% 244B
21.93x4.63x11.36x0.76% 189B
17.63x2x10.31x2.68% 153B
-121.61x16.7x91.84x-.--% 108B
-484.24x34.35x141.12x-.--% 99.95B
16.32x2.94x11.35x4.93% 95.36B
23.17x6x14.73x2.43% 69.73B
15.55x2.26x9.62x4.96% 50.55B
20.45x1.56x9.85x0.9% 40.87B
Average -51.67x 8.29x 34.95x 2.14% 104.93B
Weighted average by Cap. -41.57x 7.91x 32.63x 2.02%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Cube System Inc.

Historical PBR trend

Valuation ratios - PBR - Cube System Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Cube System Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Cube System Inc.

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