Company Valuation: Ebara Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 589,791 434,508 770,714 1,136,543 1,682,052 2,637,654 - -
Change - -26.33% 77.38% 47.47% 48% 56.81% - -
Enterprise Value (EV) 1 558,541 434,508 764,799 1,115,944 1,763,302 2,722,119 2,714,804 2,607,897
Change - -22.21% 76.02% 45.91% 58.01% 54.38% -0.27% -3.94%
P/E 13.8x 8.6x 12.8x 15.9x 22.2x 26.1x 22.8x 19x
PBR 1.88x 1.21x 1.88x 2.4x 3.31x 4.6x 4.09x 3.53x
PEG - 0.5x 0.7x 0.9x 2.94x 0.8x 1.6x 1x
Capitalization / Revenue 0.98x 0.64x 1.01x 1.31x 1.76x 2.52x 2.3x 2.12x
EV / Revenue 0.93x 0.64x 1.01x 1.29x 1.84x 2.6x 2.37x 2.09x
EV / EBITDA 6.75x 4.59x 6.79x 8.72x 11.9x 15.6x 13.2x 10.6x
EV / EBIT 9.1x 6.16x 8.89x 11.4x 15.5x 20.7x 17.4x 13.7x
EV / FCF 13.5x -346x 26.1x 21.3x -34.9x 40.9x 55.9x 50.1x
FCF Yield 7.43% -0.29% 3.83% 4.69% -2.86% 2.44% 1.79% 1.99%
Dividend per Share 2 32.6 38.6 45.8 55 59 76.5 89.66 105.5
Rate of return 2.55% 4.09% 2.74% 2.24% 1.6% 1.32% 1.55% 1.82%
EPS 2 92.69 109.7 130.7 154.6 166.3 222.1 254.1 303.8
Distribution rate 35.2% 35.2% 35% 35.6% 35.5% 34.4% 35.3% 34.7%
Net sales 1 603,213 680,870 759,328 866,668 958,285 1,048,441 1,144,389 1,246,171
EBITDA 1 82,807 94,640 112,615 127,964 148,606 174,365 205,936 246,751
EBIT 1 61,372 70,572 86,025 97,953 113,802 131,234 156,467 190,738
Net income 1 43,616 50,488 60,283 71,401 76,633 100,950 115,201 136,067
Net Debt 1 -31,250 - -5,915 -20,599 81,250 84,465 77,150 -29,758
Reference price 2 1,278.00 944.00 1,669.60 2,460.50 3,684.00 5,787.00 5,787.00 5,787.00
Nbr of stocks (in thousands) 461,495 460,283 461,616 461,916 456,583 455,790 - -
Announcement Date 14/2/22 14/2/23 14/2/24 14/2/25 13/2/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
25.01x2.51x15.01x1.26% 16.15B
36.65x6.28x23.31x0.73% 126B
27.89x5.17x17.86x2.17% 36.39B
34.61x4.56x17.23x0.1% 34.06B
21.96x1.82x13.41x2.21% 31.18B
24.51x3.83x12.87x1.49% 28.46B
22.72x3.3x14.21x1.03% 27.71B
26.19x3.16x13.62x1.43% 27.8B
26.39x3.32x16.2x1.72% 24.49B
Average 27.33x 3.77x 15.97x 1.35% 39.11B
Weighted average by Cap. 30.09x 4.55x 18.08x 1.18%

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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