Company Valuation: Ushio Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 220,199 190,105 199,687 166,732 226,491 303,424 - -
Change - -13.67% 5.04% -16.5% 35.84% 33.97% - -
Enterprise Value (EV) 1 145,162 131,611 162,767 139,801 226,491 316,392 316,186 303,424
Change - -9.34% 23.67% -14.11% 62.01% 39.69% -0.07% -4.04%
P/E 17.5x 14.4x 20.1x 26.3x 29.7x 28.6x 21.6x 18.7x
PBR 0.94x 0.8x 0.84x 0.82x 1.13x 1.48x 1.53x -
PEG - 1.4x -1.3x -0.9x 0.8x 0.7x 0.7x 1.2x
Capitalization / Revenue 1.48x 1.09x 1.11x 0.94x 1.26x 1.42x 1.37x 1.32x
EV / Revenue 0.98x 0.75x 0.91x 0.79x 1.26x 1.48x 1.43x 1.32x
EV / EBITDA 7.2x 5.57x 7.6x 8.31x 10.9x 12.6x 11x -
EV / EBIT 11.1x 8.3x 12.5x 15.8x 18.9x 21.4x 16x 12.3x
EV / FCF 9.01x -433x -38.2x 25.1x -53.7x -28.4x 38x -
FCF Yield 11.1% -0.23% -2.62% 3.99% -1.86% -3.53% 2.63% -
Dividend per Share 2 50 50 50 70 70 70 80.67 100
Rate of return 2.74% 3% 2.56% 3.78% 2.49% 1.83% 2.11% 2.62%
EPS 2 104.5 115.7 97.22 70.27 94.88 133.7 176.7 204.4
Distribution rate 47.8% 43.2% 51.4% 99.6% 73.8% 52.3% 45.6% 48.9%
Net sales 1 148,821 175,025 179,420 177,616 179,211 213,067 220,675 230,650
EBITDA 1 20,170 23,645 21,416 16,816 20,719 25,190 28,745 -
EBIT 1 13,068 15,861 12,976 8,825 11,959 14,800 19,750 24,650
Net income 1 12,606 13,699 10,785 6,797 7,995 11,627 14,800 18,100
Net Debt 1 -75,037 -58,494 -36,920 -26,931 - 12,968 12,762 -
Reference price 2 1,826.00 1,665.00 1,949.50 1,851.00 2,815.50 3,824.00 3,824.00 3,824.00
Nbr of stocks (in thousands) 120,591 114,177 102,430 90,077 80,444 79,347 - -
Announcement Date 11/05/22 11/05/23 14/05/24 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.($)
28.59x1.48x12.56x1.83% 1.87B
17.19x2.32x10.23x2.96% 249B
24.99x2.93x15.99x2.13% 233B
28.24x3.66x16.89x1.75% 169B
34.39x5.32x22.68x1.08% 155B
42.84x5.69x24.65x1.02% 139B
98.21x13.59x71.11x0.3% 111B
49.69x7.95x32.34x0.08% 111B
28.56x4.7x16.4x1.58% 78.16B
32.72x6.83x21.28x0.57% 54.32B
Average 38.54x 5.45x 24.41x 1.33% 130.24B
Weighted average by Cap. 35.86x 5.09x 23.07x 1.57%

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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