Company Valuation: Ebara Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 589,791 434,508 770,714 1,136,543 1,682,052 2,149,771 - -
Change - -26.33% 77.38% 47.47% 48% 27.81% - -
Enterprise Value (EV) 1 558,541 434,508 764,799 1,115,944 1,763,302 2,253,225 2,257,567 2,227,022
Change - -22.21% 76.02% 45.91% 58.01% 27.78% 0.19% -1.35%
P/E 13.8x 8.6x 12.8x 15.9x 22.2x 21.6x 18x 14.6x
PBR 1.88x 1.21x 1.88x 2.4x 3.31x 3.77x 3.34x 2.91x
PEG - 0.5x 0.7x 0.9x 2.94x 0.7x 0.9x 0.6x
Capitalization / Revenue 0.98x 0.64x 1.01x 1.31x 1.76x 2.01x 1.79x 1.6x
EV / Revenue 0.93x 0.64x 1.01x 1.29x 1.84x 2.1x 1.88x 1.66x
EV / EBITDA 6.75x 4.59x 6.79x 8.72x 11.9x 13x 10.2x 8.5x
EV / EBIT 9.1x 6.16x 8.89x 11.4x 15.5x 17.1x 13.1x 10.6x
EV / FCF 13.5x -346x 26.1x 21.3x -34.9x 47.9x 61x 46.2x
FCF Yield 7.43% -0.29% 3.83% 4.69% -2.86% 2.09% 1.64% 2.16%
Dividend per Share 2 32.6 38.6 45.8 55 59 74.74 91.99 112.6
Rate of return 2.55% 4.09% 2.74% 2.24% 1.6% 1.59% 1.95% 2.39%
EPS 2 92.69 109.7 130.7 154.6 166.3 218.7 262.1 323.2
Distribution rate 35.2% 35.2% 35% 35.6% 35.5% 34.2% 35.1% 34.8%
Net sales 1 603,213 680,870 759,328 866,668 958,285 1,071,235 1,203,776 1,340,543
EBITDA 1 82,807 94,640 112,615 127,964 148,606 173,234 221,446 261,870
EBIT 1 61,372 70,572 86,025 97,953 113,802 131,918 171,993 210,325
Net income 1 43,616 50,488 60,283 71,401 76,633 98,487 119,251 146,272
Net Debt 1 -31,250 - -5,915 -20,599 81,250 103,454 107,795 77,250
Reference price 2 1,278.00 944.00 1,669.60 2,460.50 3,684.00 4,713.00 4,713.00 4,713.00
Nbr of stocks (in thousands) 461,495 460,283 461,616 461,916 456,583 456,136 - -
Announcement Date 14/02/22 14/02/23 14/02/24 14/02/25 13/02/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.02x5.4x19.55x0.83% 122B
34.67x5.45x20.65x1.55% 96.9B
42.25x8.56x25.06x-.--% 61.4B
26.92x3.08x17.81x0.77% 58.81B
39.58x6.16x27.17x1.96% 57.33B
26.77x4.92x17.21x2.25% 34.98B
30.18x4.03x15.22x0.11% 29.67B
20.39x1.74x12.55x2.3% 29.67B
20.22x3.48x11.13x1.51% 28.14B
Average 30.22x 4.76x 18.48x 1.25% 57.7B
Weighted average by Cap. 31.98x 5.18x 19.79x 1.16%

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