Company Valuation: Shibusawa Logistics Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 34,408 35,153 33,668 46,901 46,636 74,082
Change - 2.16% -4.22% 39.3% -0.57% 58.85%
Enterprise Value (EV) 1 52,748 50,234 46,272 61,833 65,135 90,538
Change - -4.77% -7.89% 33.63% 5.34% 39%
P/E 12.5x 6.69x 8.97x 12.6x 9.61x 11.8x
PBR 0.72x 0.66x 0.59x 0.76x 0.72x 1.1x
PEG - 0.1x -0.3x -17.5x 0.3x 0.4x
Capitalization / Revenue 0.53x 0.49x 0.43x 0.64x 0.59x 0.93x
EV / Revenue 0.81x 0.7x 0.59x 0.84x 0.83x 1.14x
EV / EBITDA 7.77x 6.56x 5.92x 8.76x 8.67x 12.7x
EV / EBIT 14.5x 11.1x 9.45x 14.5x 14x 22.1x
EV / FCF 39x 14.2x 10.1x 99.1x -29x 22.6x
FCF Yield 2.56% 7.04% 9.94% 1.01% -3.45% 4.43%
Dividend per Share 2 13 17.5 21.25 25 35 56
Rate of return 2.3% 3.03% 3.83% 3.23% 4.32% 4.25%
EPS 2 45.22 86.44 61.95 61.51 84.3 111.6
Distribution rate 28.7% 20.2% 34.3% 40.6% 41.5% 50.2%
Net sales 1 65,328 71,746 78,504 73,417 78,620 79,740
EBITDA 1 6,790 7,657 7,811 7,058 7,517 7,122
EBIT 1 3,627 4,516 4,895 4,272 4,669 4,098
Net income 1 2,750 5,257 3,759 3,728 4,908 6,333
Net Debt 1 18,340 15,081 12,604 14,932 18,499 16,456
Reference price 2 565.75 578.00 555.50 773.75 810.00 1,319.00
Nbr of stocks (in thousands) 60,819 60,819 60,609 60,616 57,575 56,165
Announcement Date 25/06/21 29/06/22 29/06/23 27/06/24 25/06/25 24/06/26
1JPY in Million2JPY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 640M
26.57x8.58x16.61x0.75% 81.93B
23.13x7.41x15.21x2% 79.3B
48.18x3.17x19.15x-.--% 25.14B
33.86x1.48x23.94x1.22% 24.22B
54.46x - - - 12.46B
40.97x1.68x10.55x1.09% 11.75B
19.39x1.32x6.02x1.34% 10.37B
40.69x1.13x9.78x1.04% 6.61B
14.65x3.27x5.92x2.18% 5.09B
Average 33.54x 3.51x 13.40x 1.2% 25.75B
Weighted average by Cap. 30.16x 5.99x 16.00x 1.2%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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