Company Valuation: ORIX Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 2,853,231 2,496,074 3,798,509 3,503,942 4,880,583 6,745,323 - -
Change - -12.52% 52.18% -7.75% 39.29% 38.21% - -
Enterprise Value (EV) 1 6,765,089 6,982,733 8,813,673 8,464,757 9,967,478 12,500,417 12,724,819 12,912,562
Change - 3.22% 26.22% -3.96% 17.75% 25.41% 1.8% 1.48%
P/E 9.44x 9.41x 11.1x 10x 11.5x 11.6x 12.7x 11.6x
PBR 0.9x 0.76x 0.96x 0.86x 1.13x 1.38x 1.34x 1.24x
PEG - -0.9x 0.4x 3.25x 0.4x 0.4x -1.44x 1.21x
Capitalization / Revenue 1.13x 0.94x 1.35x 1.22x 1.47x 1.99x 1.91x 1.79x
EV / Revenue 2.68x 2.62x 3.13x 2.94x 2.99x 3.69x 3.6x 3.43x
EV / EBITDA 10.7x 10.5x 12.2x 11.6x 11.6x 27.6x 25.3x -
EV / EBIT 22.4x 22.2x 24.4x 25.5x 21.8x 24x 24.6x 22.9x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 85.6 85.6 98.6 120 156.1 198.2 195.5 206
Rate of return 3.5% 3.93% 2.99% 3.89% 3.39% 3.23% 3.18% 3.35%
EPS 2 259.4 231.4 298.6 307.7 400.3 530.4 483.5 529.7
Distribution rate 33% 37% 33% 39% 39% 37.4% 40.4% 38.9%
Net sales 1 2,520,365 2,666,373 2,814,361 2,874,821 3,330,831 3,390,114 3,538,162 3,763,172
EBITDA 1 632,434 667,422 724,955 731,353 861,039 453,734 503,547 -
EBIT 1 302,083 313,988 360,713 331,826 456,248 521,597 517,856 562,950
Net income 1 312,135 273,075 346,132 351,630 447,265 560,112 501,099 538,452
Net Debt 1 3,911,858 4,486,659 5,015,164 4,960,815 5,086,895 5,755,094 5,979,496 6,167,239
Reference price 2 2,447.50 2,176.50 3,299.00 3,084.00 4,607.00 6,140.00 6,140.00 6,140.00
Nbr of stocks (in thousands) 1,165,774 1,146,829 1,151,412 1,136,168 1,059,384 1,098,587 - -
Announcement Date 11/5/22 10/5/23 8/5/24 12/5/25 11/5/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.58x3.69x27.55x3.23% 41.72B
18.88x3.52x9.64x3.04% 63.06B
7.11x - - 2.57% 12.39B
4.35x1.21x - 4.11% 10.78B
10.58x0.75x - 2.11% 8.26B
7.74x - - 6.86% 6.71B
15.78x - - - 4.25B
-162x2.83x15.65x1.04% 4.22B
26.53x - - 1.69% 4.01B
58.23x - - - 3.17B
Average -0.12x 2.40x 17.61x 3.08% 15.86B
Weighted average by Cap. 10.23x 3.18x 16.73x 3.16%

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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  4. Valuation ORIX Corporation