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 6,810,375 - -
Change - -12.52% 52.18% -7.75% 39.29% 39.54% - -
Enterprise Value (EV) 1 6,765,089 6,982,733 8,813,673 8,464,757 9,967,478 12,565,469 12,789,871 12,977,614
Change - 3.22% 26.22% -3.96% 17.75% 26.06% 1.79% 1.47%
P/E 9.44x 9.41x 11.1x 10x 11.5x 7.68x 13.1x 11.9x
PBR 0.9x 0.76x 0.96x 0.86x 1.13x 1.35x 1.3x 1.24x
PEG - -0.9x 0.4x 3.25x 0.4x 0x -0.3x 1.1x
Capitalization / Revenue 1.13x 0.94x 1.35x 1.22x 1.47x 1.99x 1.9x 1.77x
EV / Revenue 2.68x 2.62x 3.13x 2.94x 2.99x 3.67x 3.57x 3.37x
EV / EBITDA 10.7x 10.5x 12.2x 11.6x 11.6x 31.1x 25.4x 24.2x
EV / EBIT 22.4x 22.2x 24.4x 25.5x 21.8x 25x 25.8x 23.6x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 85.6 85.6 98.6 120 156.1 196.9 195.7 209.1
Rate of return 3.5% 3.93% 2.99% 3.89% 3.39% 3.17% 3.15% 3.36%
EPS 2 259.4 231.4 298.6 307.7 400.3 809.8 474.3 524.4
Distribution rate 33% 37% 33% 39% 39% 24.3% 41.3% 39.9%
Net sales 1 2,520,365 2,666,373 2,814,361 2,874,821 3,330,831 3,426,133 3,578,104 3,850,409
EBITDA 1 632,434 667,422 724,955 731,353 861,039 403,941 504,450 536,436
EBIT 1 302,083 313,988 360,713 331,826 456,248 502,422 496,517 550,441
Net income 1 312,135 273,075 346,132 351,630 447,265 898,849 495,771 533,550
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 6,218.00 6,218.00 6,218.00
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.($)
7.84x3.71x31.45x3.1% 43.62B
18.89x3.55x9.74x3.03% 66.57B
9.77x1.13x - 3.31% 13.82B
12.24x - - 2.29% 13.69B
12.55x0.87x - 1.92% 9.16B
8.22x - - 6.46% 7.31B
-1340.03x3.01x16.27x1.11% 4.77B
26.9x - - 1.67% 4.11B
18.29x24.09x76.76x2.48% 4.11B
Average -136.15x 6.06x 33.56x 2.82% 18.57B
Weighted average by Cap. -24.69x 3.77x 20.27x 3%

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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