Company Valuation: Tosoh Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 577,230 572,045 656,481 654,060 712,307 817,139 - -
Change - -0.9% 14.76% -0.37% 8.91% 14.72% - -
Enterprise Value (EV) 1 507,619 628,545 683,004 691,616 761,601 901,039 919,442 923,882
Change - 23.82% 8.66% 1.26% 10.12% 18.31% 2.04% 0.48%
P/E 5.35x 11.4x 11.5x 11.3x 17.5x 12.8x 12x 11x
PBR 0.81x 0.77x 0.83x 0.79x 0.86x 0.96x 0.92x 0.88x
PEG - -0.2x 0.8x 9.88x -0.6x 0.2x 1.79x 1.2x
Capitalization / Revenue 0.63x 0.54x 0.65x 0.62x 0.7x 0.73x 0.72x 0.69x
EV / Revenue 0.55x 0.59x 0.68x 0.65x 0.75x 0.8x 0.81x 0.78x
EV / EBITDA 2.75x 5.34x 5.49x 4.72x 5.3x 5.66x 5.4x 5.05x
EV / EBIT 3.52x 8.42x 8.55x 6.99x 7.97x 8.04x 7.77x 7.18x
EV / FCF 7.8x -6.62x 12x 27.6x 18.2x 11.1x 16.9x 14.5x
FCF Yield 12.8% -15.1% 8.35% 3.62% 5.5% 8.99% 5.9% 6.88%
Dividend per Share 2 80 80 85 100 100 100 106.7 113.1
Rate of return 4.41% 4.45% 4.12% 4.87% 4.32% 3.77% 4.02% 4.26%
EPS 2 339.2 158.1 180.1 182.1 132.4 207.4 221.3 241.6
Distribution rate 23.6% 50.6% 47.2% 54.9% 75.5% 48.2% 48.2% 46.8%
Net sales 1 918,580 1,064,376 1,005,640 1,063,382 1,019,917 1,125,439 1,141,554 1,190,092
EBITDA 1 184,708 117,668 124,356 146,414 143,613 159,233 170,272 182,957
EBIT 1 144,045 74,606 79,845 98,906 95,532 112,098 118,298 128,642
Net income 1 107,938 50,335 57,324 58,002 41,615 63,637 66,183 71,873
Net Debt 1 -69,611 56,500 26,523 37,556 49,294 83,900 102,304 106,743
Reference price 2 1,814.00 1,797.00 2,062.00 2,053.50 2,313.50 2,654.00 2,654.00 2,654.00
Nbr of stocks (in thousands) 318,209 318,334 318,371 318,510 307,892 307,889 - -
Announcement Date 12/05/22 12/05/23 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.($)
12.8x0.8x5.66x3.77% 5.13B
19.64x3.5x9.9x2.02% 69.63B
12.27x0.93x7.75x4.4% 51.94B
58.8x9.44x40.2x0.93% 17.61B
13.18x0.87x6.15x2.78% 13.73B
15.78x0.71x7.74x3.13% 10.19B
12.72x0.73x5.03x2.83% 9.65B
37.51x1.7x9x2.05% 9.5B
32.21x4.4x18.82x0.36% 8.04B
5.17x0.67x3.17x-.--% 7.2B
Average 22.01x 2.38x 11.34x 2.23% 20.26B
Weighted average by Cap. 20.84x 2.69x 11.35x 2.59%

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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