Company Valuation: Vision Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 54,686 68,576 59,450 62,108 63,597 49,728 - -
Change - 25.4% -13.31% 4.47% 2.4% -21.81% - -
Enterprise Value (EV) 47,985 61,400 49,951 50,824 51,969 49,728 49,728 49,728
Change - 27.96% -18.65% 1.75% 2.25% -4.31% 0% 0%
P/E 75x 43.9x 19.9x 18.4x 14x 10.2x 9.4x 8.35x
PBR 5.46x 5.71x 4.13x 3.58x 3.05x 2.26x 2.01x 1.79x
PEG - 0x 0.2x 1.5x 0.4x 1.43x 1.08x 0.7x
Capitalization / Revenue 3.02x 2.69x 1.87x 1.75x 1.63x 1.23x 1.14x 1.06x
EV / Revenue 0x 0x 0x 0x 0x 1.23x 1.14x 1.06x
EV / EBITDA 0x 0x 0x - 0x 6.47x 5.83x 5.25x
EV / EBIT 0x 0x 0x 0x 0x 7.08x 6.33x 5.65x
EV / FCF 0x 0x 0x 0x 0x 15.7x 11.8x 10.1x
FCF Yield 2.17% 0.49% 5.41% 3.28% 2.48% 6.35% 8.47% 9.87%
Dividend per Share 2 - - - 27 50 51 57 63
Rate of return - - - 2.11% 3.87% 5.05% 5.65% 6.24%
EPS 2 15.47 31.96 61.87 69.59 92.12 98.7 107.3 120.8
Distribution rate - - - 38.8% 54.3% 51.7% 53.1% 52.2%
Net sales 1 18,101 25,488 31,807 35,528 39,012 40,530 43,565 46,960
EBITDA 1 1,223 2,656 5,036 - 7,414 7,690 8,530 9,470
EBIT 1 1,105 2,415 4,280 5,365 6,465 7,025 7,850 8,800
Net income 1 729.1 1,549 3,025 3,375 4,522 4,785 5,200 5,855
Net Debt -6,701 -7,176 -9,499 -11,284 -11,628 - - -
Reference price 2 1,160.00 1,403.00 1,230.00 1,280.00 1,293.00 1,009.00 1,009.00 1,009.00
Nbr of stocks (in thousands) 47,143 48,878 48,334 48,522 49,185 49,284 - -
Announcement Date 14/02/22 14/02/23 13/02/24 13/02/25 13/02/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.22x - - 5.05% 316M
11.54x1.36x4.22x6.85% 231B
10.32x2.49x6.59x6.02% 195B
13.59x2.16x4.98x4.05% 154B
11.92x0.86x3.23x6.67% 80.51B
12.01x1.75x7.48x3.59% 77.76B
12.37x1.95x4.94x2.56% 74.64B
15.38x2.73x8.58x5.07% 57.85B
23.84x5.35x19.55x4.52% 56.39B
14.36x1.78x5.5x4.8% 50.31B
Average 13.56x 2.27x 7.23x 4.92% 97.79B
Weighted average by Cap. 12.83x 2.08x 6.25x 5.3%

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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