Company Valuation: Ebara Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 589,791 434,508 770,714 1,136,543 1,682,052 2,244,648 - -
Change - -26.33% 77.38% 47.47% 48% 33.45% - -
Enterprise Value (EV) 1 558,541 434,508 764,799 1,115,944 1,763,302 2,347,246 2,345,609 2,303,010
Change - -22.21% 76.02% 45.91% 58.01% 33.12% -0.07% -1.82%
P/E 13.8x 8.6x 12.8x 15.9x 22.2x 22.3x 19x 15.9x
PBR 1.88x 1.21x 1.88x 2.4x 3.31x 3.94x 3.49x 3.01x
PEG - 0.5x 0.7x 0.9x 2.94x 0.7x 1.1x 0.8x
Capitalization / Revenue 0.98x 0.64x 1.01x 1.31x 1.76x 2.12x 1.93x 1.76x
EV / Revenue 0.93x 0.64x 1.01x 1.29x 1.84x 2.22x 2.01x 1.8x
EV / EBITDA 6.75x 4.59x 6.79x 8.72x 11.9x 13.3x 10.8x 8.86x
EV / EBIT 9.1x 6.16x 8.89x 11.4x 15.5x 17.2x 13.9x 11.5x
EV / FCF 13.5x -346x 26.1x 21.3x -34.9x 35.3x 48.3x 44.3x
FCF Yield 7.43% -0.29% 3.83% 4.69% -2.86% 2.83% 2.07% 2.26%
Dividend per Share 2 32.6 38.6 45.8 55 59 76.66 91.04 108.1
Rate of return 2.55% 4.09% 2.74% 2.24% 1.6% 1.56% 1.85% 2.2%
EPS 2 92.69 109.7 130.7 154.6 166.3 220.9 258.4 309.2
Distribution rate 35.2% 35.2% 35% 35.6% 35.5% 34.7% 35.2% 35%
Net sales 1 603,213 680,870 759,328 866,668 958,285 1,056,985 1,164,357 1,276,087
EBITDA 1 82,807 94,640 112,615 127,964 148,606 175,945 218,164 259,819
EBIT 1 61,372 70,572 86,025 97,953 113,802 136,462 169,025 200,867
Net income 1 43,616 50,488 60,283 71,401 76,633 101,253 117,689 140,129
Net Debt 1 -31,250 - -5,915 -20,599 81,250 102,598 100,962 58,362
Reference price 2 1,278.00 944.00 1,669.60 2,460.50 3,684.00 4,921.00 4,921.00 4,921.00
Nbr of stocks (in thousands) 461,495 460,283 461,616 461,916 456,583 456,136 - -
Announcement Date 14/2/22 14/2/23 14/2/24 14/2/25 13/2/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
22.27x2.22x13.34x1.56% 14.12B
36.81x6.3x23.4x0.73% 126B
27.48x5.06x17.63x2.19% 35.42B
22.95x1.97x14.1x2.04% 33.38B
31.77x4.22x15.94x0.11% 31.24B
21.45x3.61x11.42x1.51% 28.11B
22.3x3.23x13.93x1.05% 27.19B
24.71x3.01x12.98x1.53% 26.48B
105.01x37.81x86.48x0.35% 26.05B
26.13x3.28x16.05x1.73% 24.5B
Average 34.09x 7.07x 22.53x 1.28% 37.28B
Weighted average by Cap. 34.70x 6.81x 22.60x 1.14%

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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