Company Valuation: IPS, Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 25,973 30,367 32,066 27,648 37,480 39,853 - -
Change - 16.92% 5.6% -13.78% 35.56% 6.33% - -
Enterprise Value (EV) 23,245 30,415 37,933 33,799 46,534 39,853 39,853 39,853
Change - 30.84% 24.72% -10.9% 37.68% -14.36% 0% 0%
P/E 13.7x 13.2x 11.1x 10.8x 8.89x 8.44x 7.72x 6.66x
PBR 3.56x 3.25x 2.84x 1.82x 1.99x 1.6x 1.35x 1.14x
PEG - 0.6x 0.5x -0.9x 0.1x 4.54x 0.83x 0.4x
Capitalization / Revenue 2.42x 2.46x 2.27x 1.81x 2.2x 1.95x 1.63x 0.87x
EV / Revenue 0x 0x 0x 0x 0x 1.95x 1.63x 0.87x
EV / EBITDA - - - 0x 0x 5.31x 4.53x 3.14x
EV / EBIT 0x 0x 0x 0x 0x 6.33x 5.39x 3.53x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 25 35 37 40 40 40 40 40
Rate of return 1.19% 1.43% 1.48% 1.87% 1.4% 1.44% 1.44% 1.44%
EPS 2 152.4 184.5 225.1 197.1 322.4 328.4 359 416.3
Distribution rate 16.4% 19% 16.4% 20.3% 12.4% 12.2% 11.1% 9.61%
Net sales 1 10,728 12,346 14,117 15,264 16,999 20,400 24,500 46,000
EBITDA 1 - - - 5,411 6,309 7,500 8,800 12,700
EBIT 1 2,456 3,311 3,894 4,413 5,370 6,300 7,400 11,300
Net income 1 1,888 2,292 2,835 2,544 4,196 4,300 4,700 5,450
Net Debt -2,728 48 5,867 6,151 9,054 - - -
Reference price 2 2,094.00 2,441.00 2,494.00 2,137.00 2,866.00 2,773.00 2,773.00 2,773.00
Nbr of stocks (in thousands) 12,404 12,440 12,857 12,938 13,077 14,372 - -
Announcement Date 13/05/22 12/05/23 10/05/24 09/05/25 08/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.95x - - 1.36% 267M
11.75x1.36x4.29x6.62% 229B
10.22x2.5x6.57x6.11% 191B
12.69x2.12x5.44x4.3% 141B
39.22x8.36x15.44x - 134B
12.08x0.96x3.62x6.33% 85.23B
12.87x1.81x7.89x3.24% 84.46B
14.02x2.08x5.22x2.34% 75.45B
13.94x2.59x8.19x5.29% 55.36B
22.6x5.21x19.04x4.81% 53.65B
Average 15.83x 3.00x 8.41x 4.49% 104.97B
Weighted average by Cap. 16.06x 2.88x 7.55x 5.27%

Y-o-Y evolution of P/E

Valuation ratios - P/E - IPS, Inc.

Historical PBR trend

Valuation ratios - PBR - IPS, Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - IPS, Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - IPS, Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - IPS, Inc.