Company Valuation: Path Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 3,474 4,612 2,364 2,992 9,011 7,191
Change - 32.79% -48.74% 26.54% 201.17% -20.19%
Enterprise Value (EV) 1 3,223 4,407 2,519 2,820 8,715 7,150
Change - 36.77% -42.84% 11.92% 209.04% -17.95%
P/E -4.47x -8.17x -3.06x -10.8x -50.1x -22.5x
PBR 4.67x 7.05x 5.04x 2.77x 7.75x 2.91x
PEG - 0.2x -0.2x 0.1x 1.3x -0.7x
Capitalization / Revenue 1.4x 2.09x 1.12x 1.5x 3.88x 3.19x
EV / Revenue 1.3x 2x 1.19x 1.42x 3.76x 3.17x
EV / EBITDA -4.05x -8.43x -3.96x -14.4x -63.1x -43.3x
EV / EBIT -3.68x -8.18x -3.78x -12.8x -50.7x -34.2x
EV / FCF -3.22x -14.1x -4.39x -7.31x -94.2x -9.16x
FCF Yield -31.1% -7.1% -22.8% -13.7% -1.06% -10.9%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -27.51 -18.35 -20.93 -5.464 -3.293 -4.35
Distribution rate - - - - - -
Net sales 1 2,483 2,208 2,114 1,991 2,320 2,253
EBITDA 1 -796 -523 -637 -196 -138 -165
EBIT 1 -875 -539 -666 -221 -172 -209
Net income 1 -777 -538 -745 -256 -175 -276
Net Debt 1 -251 -205 155 -172 -296 -41
Reference price 2 123.00 150.00 64.00 59.00 165.00 98.00
Nbr of stocks (in thousands) 28,240 30,750 36,945 50,710 54,610 73,377
Announcement Date 31/8/20 30/6/21 30/6/22 30/6/23 28/6/24 27/6/25
1JPY in Million2JPY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 29.15M
29.56x4.6x19.02x1.99% 236B
59.93x8.45x32.58x0.26% 51.73B
25.23x4.79x18.02x1.26% 8.86B
25.04x1.23x9.51x2.33% 6.36B
35.63x2.39x11.82x-.--% 4.01B
16.93x1.16x7.45x1.64% 3.93B
22.26x2.18x11.36x2.96% 3.46B
14.07x1.55x8.61x3.08% 3.27B
18.84x2.31x11.39x4.08% 2.42B
Average 27.50x 3.19x 14.42x 1.96% 32.03B
Weighted average by Cap. 33.86x 5.02x 20.51x 1.71%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Stocks
  3. 3840 Stock
  4. Valuation Path Corporation