Company Valuation: Earth Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 135,232 111,643 101,120 121,955 108,473 108,390 - -
Change - -17.44% -9.42% 20.6% -11.05% -0.08% - -
Enterprise Value (EV) 1 117,903 99,071 93,615 109,948 92,865 87,044 88,764 87,034
Change - -15.97% -5.51% 17.45% -15.54% -6.27% 1.98% -1.95%
P/E 18.9x 21x 24.6x 35.4x 20.7x 17.8x 16.5x 15.5x
PBR 2.25x 1.78x 1.52x 1.77x 1.45x 1.38x 1.33x 1.27x
PEG - -0.8x -1.1x -2.4x 0.4x 1.1x 2.12x 2.44x
Capitalization / Revenue 0.66x 0.73x 0.64x 0.72x 0.61x 0.57x 0.56x 0.54x
EV / Revenue 0.58x 0.65x 0.59x 0.65x 0.52x 0.46x 0.46x 0.43x
EV / EBITDA 8.3x 8.78x 8.93x 10.1x 7.23x 6.38x 6.23x 5.82x
EV / EBIT 11.1x 13.3x 14.7x 17.1x 11.5x 10.3x 9.34x 8.66x
EV / FCF 74x -41.9x 114x 11.9x 14.9x 14.1x 15.9x 14.2x
FCF Yield 1.35% -2.39% 0.88% 8.42% 6.72% 7.08% 6.3% 7.03%
Dividend per Share 2 118 118 118 120 125 130 133.3 139
Rate of return 1.92% 2.33% 2.58% 2.14% 2.52% 2.63% 2.7% 2.81%
EPS 2 323.8 240.5 185.6 158.3 240 277.6 299.2 318.2
Distribution rate 36.4% 49.1% 63.6% 75.8% 52.1% 46.8% 44.6% 43.7%
Net sales 1 203,785 152,339 158,344 169,278 179,182 188,600 194,633 200,700
EBITDA 1 14,203 11,286 10,488 10,849 12,841 13,646 14,247 14,947
EBIT 1 10,667 7,434 6,370 6,425 8,087 8,467 9,500 10,050
Net income 1 7,142 5,303 4,102 3,475 5,238 6,072 6,544 6,960
Net Debt 1 -17,329 -12,572 -7,505 -12,007 -15,608 -21,346 -19,627 -21,357
Reference price 2 6,130.00 5,060.00 4,570.00 5,600.00 4,965.00 4,945.00 4,945.00 4,945.00
Nbr of stocks (in thousands) 22,061 22,064 22,127 21,778 21,848 21,919 - -
Announcement Date 14/2/22 13/2/23 13/2/24 13/2/25 13/2/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.7x0.46x6.33x2.64% 673M
17.72x3.15x11.33x4.23% 44.19B
27.28x4.13x17.65x1.22% 24.02B
17.83x2.26x12.35x4.99% 12.4B
14.85x1.7x9.66x3.81% 5.07B
15.58x1.82x10.88x9.4% 3.76B
20.61x0.99x7.51x1.8% 3.27B
35.08x4.32x23.51x - 2.91B
Average 20.83x 2.35x 12.40x 4.01% 12.04B
Weighted average by Cap. 20.51x 3.09x 13.13x 3.64%

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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