Company Valuation: ORIX Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 2,853,231 2,496,074 3,798,509 3,503,942 4,880,583 6,956,046 - -
Change - -12.52% 52.18% -7.75% 39.29% 42.52% - -
Enterprise Value (EV) 1 6,765,089 6,982,733 8,813,673 8,464,757 9,967,478 12,711,140 12,935,541 13,123,284
Change - 3.22% 26.22% -3.96% 17.75% 27.53% 1.77% 1.45%
P/E 9.44x 9.41x 11.1x 10x 11.5x 8.08x 13.4x 12.1x
PBR 0.9x 0.76x 0.96x 0.86x 1.13x 1.37x 1.33x 1.27x
PEG - -0.9x 0.4x 3.25x 0.4x 0.1x -0.3x 1.1x
Capitalization / Revenue 1.13x 0.94x 1.35x 1.22x 1.47x 2.03x 1.94x 1.8x
EV / Revenue 2.68x 2.62x 3.13x 2.94x 2.99x 3.71x 3.61x 3.4x
EV / EBITDA 10.7x 10.5x 12.2x 11.6x 11.6x 30.1x 26.3x 25x
EV / EBIT 22.4x 22.2x 24.4x 25.5x 21.8x 25.2x 26.2x 23.9x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 85.6 85.6 98.6 120 156.1 195.8 194.6 208.1
Rate of return 3.5% 3.93% 2.99% 3.89% 3.39% 3.08% 3.06% 3.28%
EPS 2 259.4 231.4 298.6 307.7 400.3 786.4 473.6 523.7
Distribution rate 33% 37% 33% 39% 39% 24.9% 41.1% 39.7%
Net sales 1 2,520,365 2,666,373 2,814,361 2,874,821 3,330,831 3,422,796 3,581,142 3,855,503
EBITDA 1 632,434 667,422 724,955 731,353 861,039 422,686 491,510 524,977
EBIT 1 302,083 313,988 360,713 331,826 456,248 505,294 494,509 548,607
Net income 1 312,135 273,075 346,132 351,630 447,265 869,794 494,650 532,755
Net Debt 1 3,911,858 4,486,659 5,015,164 4,960,815 5,086,895 5,755,094 5,979,496 6,167,239
Reference price 2 2,447.50 2,176.50 3,299.00 3,084.00 4,607.00 6,351.00 6,351.00 6,351.00
Nbr of stocks (in thousands) 1,165,774 1,146,829 1,151,412 1,136,168 1,059,384 1,095,268 - -
Announcement Date 11/05/22 10/05/23 08/05/24 12/05/25 11/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.79x3.53x9.67x3.05% 66.21B
8.08x3.71x30.07x3.08% 44.71B
13.07x - - 2.14% 14.62B
9.37x1.06x - 3.45% 13.56B
13.01x0.91x - 1.85% 9.5B
8.37x - - 6.34% 7.44B
-198.84x2.98x15.97x1.16% 4.74B
19.16x24.23x77.23x2.39% 4.25B
Average -13.63x 6.07x 33.23x 2.93% 20.63B
Weighted average by Cap. 7.57x 3.78x 19.92x 3.02%

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