Company Valuation: Systena Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 166,966 112,358 105,384 129,042 147,629 157,281 - -
Change - -32.71% -6.21% 22.45% 14.4% 6.54% - -
Enterprise Value (EV) 146,859 88,875 76,039 107,899 120,659 157,281 157,281 157,281
Change - -39.48% -14.44% 41.9% 11.83% 30.35% 0% 0%
P/E 27.9x 15.4x 14.6x 15.6x 13x 14.5x 13.2x 12.3x
PBR 5.61x 3.29x 2.77x 3.97x 3.73x 3.57x 3.22x 2.92x
PEG - 0.7x -12.54x 0.6x 0.4x -3.43x 1.36x 1.54x
Capitalization / Revenue 2.56x 1.51x 1.37x 1.54x 1.56x 1.6x 1.51x 1.39x
EV / Revenue 0x 0x 0x 0x 0x 1.6x 1.51x 1.39x
EV / EBITDA 0x 0x 0x 0x 0x 9.25x 8.34x 7.5x
EV / EBIT 0x 0x 0x 0x 0x 9.83x 9x 8.16x
EV / FCF 0x 0x 0x 0x 0x 14x 12.6x 11.5x
FCF Yield 2.99% 5.01% 8.34% 5.94% 8.67% 7.15% 7.93% 8.67%
Dividend per Share 2 6 8 10 12 14 18 20 22
Rate of return 1.39% 2.76% 3.68% 3.32% 3.39% 4.09% 4.55% 5%
EPS 2 15.47 18.89 18.67 23.17 31.65 30.31 33.25 35.9
Distribution rate 38.8% 42.4% 53.6% 51.8% 44.2% 59.4% 60.2% 61.3%
Net sales 1 65,272 74,526 76,940 83,621 94,400 98,167 104,240 113,327
EBITDA 1 9,535 10,322 10,289 12,527 15,819 17,010 18,860 20,980
EBIT 1 9,106 9,844 9,713 12,067 15,367 16,000 17,485 19,267
Net income 1 5,992 7,317 7,232 8,480 11,312 10,827 11,885 12,820
Net Debt -20,107 -23,483 -29,345 -21,143 -26,970 - - -
Reference price 2 431.00 290.00 272.00 361.00 413.00 440.00 440.00 440.00
Nbr of stocks (in thousands) 387,393 387,441 387,441 357,456 357,456 357,456 - -
Announcement Date 11/05/22 11/05/23 13/05/24 13/05/25 13/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.55x - - 4.08% 1.01B
23.34x3.8x13.26x2.85% 224B
-132.68x18.51x102.63x-.--% 119B
14.13x1.56x8.19x3.39% 116B
14.18x2.58x9.75x5.79% 82.73B
20.06x5.29x13.01x2.83% 59.94B
13.88x2.01x8.52x5.62% 44.76B
22.53x1.85x11.5x1.3% 44.62B
21.43x1.63x10.36x0.88% 41.68B
17.34x2.19x10.38x5.04% 35.55B
Average 2.88x 4.38x 20.84x 3.18% 77B
Weighted average by Cap. -4.45x 5.32x 25.29x 2.87%

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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