Company Valuation: Taisei Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 713,045 771,360 1,037,992 1,144,867 2,617,131 2,388,084 - -
Change - 8.18% 34.57% 10.3% 128.6% -8.75% - -
Enterprise Value (EV) 1 439,165 558,172 981,809 1,162,137 2,802,275 2,504,984 2,479,472 2,442,341
Change - 27.1% 75.9% 18.37% 141.13% -10.61% -1.02% -1.5%
P/E 10.1x 17x 26x 9.68x 15.7x 14.3x 14.6x 13.4x
PBR 0.82x 0.93x 1.12x 1.31x 2.76x 2.38x 2.25x 2.09x
PEG - -0.5x -2.5x 0x 0.3x -62.25x -7.09x 1.47x
Capitalization / Revenue 0.46x 0.47x 0.59x 0.53x 1.25x 0.99x 0.96x 0.93x
EV / Revenue 0.28x 0.34x 0.56x 0.54x 1.34x 1.03x 1x 0.95x
EV / EBITDA 4.1x 8.43x 24.8x 8.51x 13.7x 11.8x 10.9x 9.96x
EV / EBIT 4.57x 10.2x 37.1x 9.67x 14.9x 12.9x 11.8x 10.6x
EV / FCF 10.3x 34.8x -10x -351x -57.7x 18.7x 16.5x 16.5x
FCF Yield 9.75% 2.87% -10% -0.28% -1.73% 5.35% 6.07% 6.07%
Dividend per Share 2 130 130 130 210 310 418.3 398.6 444
Rate of return 3.68% 3.17% 2.31% 3.18% 1.93% 2.86% 2.72% 3.03%
EPS 2 350.9 241.2 215.8 682.8 1,026 1,023 1,002 1,093
Distribution rate 37% 53.9% 60.3% 30.8% 30.2% 40.9% 39.8% 40.6%
Net sales 1 1,543,240 1,642,712 1,765,023 2,154,223 2,089,091 2,420,694 2,487,123 2,563,700
EBITDA 1 106,984 66,218 39,590 136,551 204,739 212,219 228,158 245,167
EBIT 1 96,077 54,740 26,480 120,160 187,973 194,256 210,548 231,500
Net income 1 71,436 47,124 40,272 123,824 170,004 166,234 160,480 171,640
Net Debt 1 -273,880 -213,188 -56,183 17,270 185,144 116,900 91,389 54,258
Reference price 2 3,535.00 4,095.00 5,620.00 6,609.00 16,055.00 14,650.00 14,650.00 14,650.00
Nbr of stocks (in thousands) 201,710 188,366 184,696 173,229 163,010 163,009 - -
Announcement Date 13/05/22 12/05/23 13/05/24 13/05/25 14/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.32x1.03x11.8x2.86% 14.81B
69.02x2.98x29.09x0.07% 100B
14.12x1.12x6.17x4.15% 77.54B
40.36x5.01x27.82x0.17% 61.2B
26.67x2.03x19.67x1.17% 58.18B
59.33x4.91x31.48x1.46% 49.62B
36.53x0.86x14.53x1.74% 43.03B
30.01x0.58x9.15x2.02% 37.77B
26.53x1.72x16.57x0.18% 34.43B
4.59x0.29x6.23x6.18% 27.27B
Average 32.15x 2.05x 17.25x 2% 50.41B
Weighted average by Cap. 37.57x 2.37x 19.22x 1.68%

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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