Company Valuation: Goodpatch, Inc.

Data adjusted to current consolidation scope
Fiscal Period: August 2020 2021 2022 2023 2024 2025
Market Cap 1 16,770 23,031 7,245 8,240 3,658 8,151
Change - 37.34% -68.54% 13.74% -55.6% 122.82%
Enterprise Value (EV) 1 16,130 20,702 4,694 5,159 783.3 5,665
Change - 28.35% -77.33% 9.91% -84.82% 623.29%
P/E 80.4x 72.2x 102x 36.7x 334x 20.3x
PBR 17.9x 8.97x 2.26x 2.09x 0.95x 1.97x
PEG - 1.8x -1.3x 0x -3.5x 0x
Capitalization / Revenue 7.83x 8.4x 1.95x 2.1x 0.93x 1.6x
EV / Revenue 7.53x 7.55x 1.26x 1.31x 0.2x 1.11x
EV / EBITDA 60.9x 45.2x 9.9x 13.4x 6.69x 8.84x
EV / EBIT 74.3x 51x 11.9x 17.3x 23x 10.2x
EV / FCF 179x 59.2x 11.4x 62x -9.99x 7.22x
FCF Yield 0.56% 1.69% 8.75% 1.61% -10% 13.9%
Dividend per Share 2 - - - - - 10
Rate of return - - - - - 1.07%
EPS 2 28.67 40.34 8.53 24.54 1.211 46.1
Distribution rate - - - - - 21.7%
Net sales 1 2,143 2,741 3,724 3,928 3,942 5,085
EBITDA 1 265 458 474 384 117 641
EBIT 1 217 406 394 299 34 557
Net income 1 215 327 72 216 11 407
Net Debt 1 -640 -2,329 -2,551 -3,081 -2,875 -2,486
Reference price 2 2,306.00 2,914.00 870.00 901.00 405.00 936.00
Nbr of stocks (in thousands) 7,272 7,904 8,327 9,145 9,033 8,709
Announcement Date 30/11/20 30/11/21 28/11/22 30/11/23 28/11/24 27/11/25
1JPY in Million2JPY
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.16x3.48x12.12x3.16% 202B
-93.89x14.84x85.94x-.--% 92.91B
10.88x1.2x6.29x4.42% 89.95B
14.62x2.66x10.06x5.62% 84.7B
20.17x5.29x13.01x2.84% 59.85B
13.61x1.98x8.38x5.73% 43.77B
17.31x2.21x10.6x5.02% 35.71B
18.74x1.51x9.48x1.58% 34.75B
19.59x1.45x9.18x1.01% 34.43B
Average 4.69x 3.85x 18.34x 3.26% 75.32B
Weighted average by Cap. 2.23x 4.43x 20.68x 3.25%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA