Company Valuation: Iwatani Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 297,376 333,069 491,419 343,948 461,507 455,518 - -
Change - 12% 47.54% -30.01% 34.18% -1.3% - -
Enterprise Value (EV) 1 378,376 438,534 711,747 547,471 678,703 676,851 684,451 690,551
Change - 15.9% 62.3% -23.08% 23.97% -0.27% 1.12% 0.89%
P/E 9.92x 10.4x 10.4x 8.5x 9.68x 9.18x 9.45x 8.84x
PBR 1.1x 1.1x 1.36x 0.89x 1.06x 0.98x 0.9x 0.84x
PEG - 1.52x 0.2x -0.6x 0.5x 2.26x -3.29x 1.28x
Capitalization / Revenue 0.43x 0.37x 0.58x 0.39x 0.51x 0.47x 0.47x 0.46x
EV / Revenue 0.55x 0.48x 0.84x 0.62x 0.75x 0.7x 0.71x 0.69x
EV / EBITDA 6.18x 6.83x 9.28x 7.39x - 8.08x 7.8x 7.25x
EV / EBIT 9.44x 11x 14.1x 11.8x 17.7x 13.8x 13.5x 12.8x
EV / FCF -20.1x -49.7x 108x -91.3x 19.2x 35.3x 48.1x 34.7x
FCF Yield -4.99% -2.01% 0.93% -1.1% 5.21% 2.83% 2.08% 2.88%
Dividend per Share 2 21.25 23.75 32.5 47 47 47.4 49 50.75
Rate of return 1.64% 1.64% 1.52% 3.14% 2.34% 2.4% 2.48% 2.56%
EPS 2 130.2 139.2 205.8 175.8 207.1 215.5 209.3 223.8
Distribution rate 16.3% 17.1% 15.8% 26.7% 22.7% 22% 23.4% 22.7%
Net sales 1 690,392 906,261 847,888 883,011 908,522 962,540 967,500 1,000,400
EBITDA 1 61,187 64,250 76,667 74,105 - 83,800 87,733 95,200
EBIT 1 40,076 40,035 50,635 46,228 38,318 49,220 50,600 54,150
Net income 1 29,964 32,022 47,363 40,448 47,666 48,240 48,660 51,500
Net Debt 1 81,000 105,465 220,328 203,523 217,196 221,333 228,933 235,033
Reference price 2 1,292.50 1,447.50 2,135.50 1,494.50 2,005.00 1,979.00 1,979.00 1,979.00
Nbr of stocks (in thousands) 230,078 230,100 230,119 230,143 230,178 230,176 - -
Announcement Date 13/05/22 15/05/23 13/05/24 14/05/25 14/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
9.18x0.7x8.08x2.4% 2.78B
13.78x1.72x7.26x2.64% 650B
19.84x1.65x9.59x0.46% 180B
8.1x0.62x2.83x4.68% 113B
7.28x0.77x5.41x1.31% 90.28B
9.15x0.67x5.81x1.59% 89.82B
10.52x0.31x4.92x6.61% 87.3B
9.05x0.64x6.69x2.44% 82.9B
10.09x1.92x4.94x2.6% 77.85B
13.96x1.54x8.34x1.9% 62.25B
Average 11.10x 1.05x 6.39x 2.66% 143.63B
Weighted average by Cap. 12.72x 1.35x 6.75x 2.58%

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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