Company Valuation: Lion Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 446,857 430,328 372,218 487,133 456,200 477,112 - -
Change - -3.7% -13.5% 30.87% -6.35% 4.58% - -
Enterprise Value (EV) 1 351,410 361,419 317,033 414,533 396,358 384,296 365,652 339,244
Change - 2.85% -12.28% 30.75% -4.38% -3.04% -4.85% -7.22%
P/E 18.8x 19.7x 25.4x 23x 16.5x 18.6x 18.2x 16.6x
PBR 1.78x 1.63x 1.33x 1.66x 1.41x 1.4x 1.33x 1.25x
PEG - -3.43x -0.8x 0.5x 0.5x -2.6x 8.22x 1.75x
Capitalization / Revenue 1.22x 1.1x 0.92x 1.18x 1.08x 1.1x 1.09x 1.06x
EV / Revenue 0.96x 0.93x 0.79x 1x 0.94x 0.88x 0.83x 0.75x
EV / EBITDA 7.79x 9.06x 8.34x 9.19x 8.04x 6.73x 6.16x 5.41x
EV / EBIT 11.3x 12.5x 15.5x 15.7x 12.9x 10.8x 9.73x 8.28x
EV / FCF -19.5x 16.1x -67.1x 11.5x -141x 14.7x 10.2x 8.78x
FCF Yield -5.12% 6.21% -1.49% 8.68% -0.71% 6.81% 9.83% 11.4%
Dividend per Share 2 24 25 26 27 30 34 36.08 38.18
Rate of return 1.56% 1.65% 1.99% 1.53% 1.82% 1.97% 2.09% 2.21%
EPS 2 81.73 77.04 51.42 76.51 99.74 92.59 94.64 103.6
Distribution rate 29.4% 32.5% 50.6% 35.3% 30.1% 36.7% 38.1% 36.8%
Net sales 1 366,200 389,800 402,700 412,943 422,000 434,558 439,710 451,661
EBITDA 1 45,100 39,900 38,000 45,100 49,300 57,117 59,322 62,695
EBIT 1 31,100 28,800 20,500 26,332 30,700 35,539 37,591 40,975
Net income 1 23,700 21,900 14,600 21,197 27,500 25,584 26,034 28,392
Net Debt 1 -95,447 -68,909 -55,185 -72,600 -59,842 -92,816 -111,460 -137,868
Reference price 2 1,537.00 1,514.00 1,308.50 1,762.50 1,649.00 1,724.50 1,724.50 1,724.50
Nbr of stocks (in thousands) 290,733 284,233 284,462 276,388 276,653 276,667 - -
Announcement Date 14/02/22 13/02/23 14/02/24 13/02/25 12/02/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
18.62x0.88x6.73x1.97% 2.95B
16.42x3.1x11.13x4.4% 41.39B
26.7x4.13x17.7x1.24% 23.59B
19.25x2.46x13.3x5.13% 11.79B
16.69x1.87x10.5x3.42% 5.65B
14.92x1.88x11.07x9.82% 3.68B
41.47x5.1x28.4x - 3.34B
22.27x2.11x15.34x1.97% 781M
Average 22.04x 2.69x 14.27x 3.99% 11.65B
Weighted average by Cap. 20.35x 3.15x 13.54x 3.73%

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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