Company Valuation: freee K.K.

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 558,589 185,782 188,222 141,623 227,424 160,634 - -
Change - -66.74% 1.31% -24.76% 60.58% -29.37% - -
Enterprise Value (EV) 1 511,238 143,811 151,816 114,572 191,635 127,934 125,153 119,751
Change - -71.87% 5.57% -24.53% 67.26% -33.24% -2.17% -4.32%
P/E -186x -15.8x -15.1x -13.9x 165x 207x 54.1x 31.5x
PBR 12x 5.15x 7.32x 8.45x 11.7x 7.79x 6.99x 5.88x
PEG - -0x -4.24x 0.7x -1x -4.7x 0x 0.4x
Capitalization / Revenue 54.5x 12.9x 9.79x 5.57x 6.84x 3.81x 3.17x 2.68x
EV / Revenue 49.8x 10x 7.9x 4.51x 5.76x 3.04x 2.47x 2x
EV / EBITDA -238x -58.4x -19.2x -13.7x 188x 62.3x 23.6x 12.9x
EV / EBIT -209x -47.3x -19.2x -13.7x 314x 117x 35.3x 17.6x
EV / FCF -190x -45.4x -27.7x -15.4x 53x 76.8x 39.8x 17.4x
FCF Yield -0.53% -2.2% -3.61% -6.49% 1.89% 1.3% 2.51% 5.74%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -54.88 -208.2 -215.6 -174.4 23.28 13.07 50 85.99
Distribution rate - - - - - - - -
Net sales 1 10,258 14,380 19,219 25,431 33,271 42,130 50,700 60,021
EBITDA 1 -2,146 -2,461 -7,919 -8,387 1,020 2,054 5,303 9,256
EBIT 1 -2,442 -3,042 -7,919 -8,387 611 1,095 3,546 6,806
Net income 1 -2,756 -11,609 -12,338 -10,151 1,370 774 2,963 5,094
Net Debt 1 -47,351 -41,971 -36,406 -27,051 -35,790 -32,700 -35,481 -40,883
Reference price 2 10,210.00 3,280.00 3,255.00 2,422.00 3,845.00 2,705.00 2,705.00 2,705.00
Nbr of stocks (in thousands) 54,710 56,641 57,825 58,473 59,148 59,384 - -
Announcement Date 13/8/21 12/8/22 14/8/23 14/8/24 13/8/25 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.5x8.63x14.29x0.94% 2,901B
91x36.71x61.2x-.--% 295B
103.46x32.99x104.35x0.17% 106B
69.46x14.63x30.94x-.--% 91.78B
477.23x20.55x82.55x-.--% 94.04B
138.47x8.17x20.84x-.--% 71.55B
36.06x1.9x14.88x-.--% 66.37B
120.09x5.26x25.78x-.--% 46.08B
-33.64x4.43x21.19x-.--% 35.89B
Average 113.85x 14.81x 41.78x 0.12% 412.01B
Weighted average by Cap. 46.12x 11.80x 23.09x 0.74%

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