Company Valuation: Glory Ltd.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 125,920 162,308 157,942 146,596 216,304 234,656 - -
Change - 28.9% -2.69% -7.18% 47.55% 8.48% - -
Enterprise Value (EV) 1 128,478 209,293 220,192 180,614 260,258 262,456 216,556 204,956
Change - 62.9% 5.21% -17.97% 44.1% 0.84% -17.49% -5.36%
P/E 19.2x -17.3x 5.32x 9.13x 22.3x 18.5x 10.3x 9.48x
PBR 0.61x 0.83x 0.69x 0.62x 0.96x 1.11x 0.99x 0.93x
PEG - 0x -0x -0.2x -0.6x 0.5x 0.1x 1.17x
Capitalization / Revenue 0.56x 0.63x 0.42x 0.4x 0.64x 0.65x 0.62x 0.6x
EV / Revenue 0.57x 0.82x 0.59x 0.49x 0.77x 0.73x 0.57x 0.52x
EV / EBITDA 4.67x 17x 3.41x 3.58x 5.19x 4.77x 3.81x 3.46x
EV / EBIT 12.5x 401x 4.29x 5.14x 11.1x 8.2x 5.88x 5.2x
EV / FCF -8.3x -29.4x 26.6x 4.44x 6.8x 10.4x 13.6x 10.7x
FCF Yield -12.1% -3.4% 3.76% 22.5% 14.7% 9.59% 7.34% 9.32%
Dividend per Share 2 68 68 106 108 112 160 131 133
Rate of return 3.28% 2.35% 3.73% 4.11% 2.82% 3.62% 2.96% 3.01%
EPS 2 107.6 -167 533.6 287.8 178.4 239 431.2 466.2
Distribution rate 63.2% -40.7% 19.9% 37.5% 62.8% 66.9% 30.4% 28.5%
Net sales 1 226,562 255,857 372,478 369,017 338,900 361,650 379,900 392,250
EBITDA 1 27,503 12,284 64,656 50,512 50,146 55,000 56,850 59,200
EBIT 1 10,297 522 51,276 35,173 23,400 32,000 36,850 39,450
Net income 1 6,509 -9,538 29,674 16,053 18,200 19,850 22,500 24,350
Net Debt 1 2,558 46,985 62,250 34,018 43,954 27,800 -18,100 -29,700
Reference price 2 2,072.00 2,895.00 2,840.00 2,626.00 3,975.00 4,421.00 4,421.00 4,421.00
Nbr of stocks (in thousands) 60,772 56,065 55,613 55,825 54,416 53,078 - -
Announcement Date 12/05/22 11/05/23 10/05/24 13/05/25 15/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.73x5.09x18.5x0.88% 117B
26.11x4.78x16.76x2.3% 34.87B
20.24x1.73x12.45x2.32% 29.45B
28.47x3.82x14.43x0.12% 27.99B
19.3x3.29x10.53x1.58% 27.4B
20.89x3.03x13.08x1.12% 25.47B
23.42x2.86x12.34x1.61% 25.1B
96.63x35.29x77.56x0.39% 24.06B
24.87x3.13x15.31x1.82% 22.61B
Average 32.18x 7.00x 21.22x 1.35% 37.11B
Weighted average by Cap. 30.90x 6.22x 19.95x 1.25%

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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