Company Valuation: Espec Corp.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 44,026 44,429 66,589 52,005 64,103 80,584 - -
Change - 0.91% 49.88% -21.9% 23.27% 25.71% - -
Enterprise Value (EV) 28,221 30,422 55,023 39,363 50,018 80,584 80,584 80,584
Change - 7.8% 80.86% -28.46% 27.07% 61.11% 0% 0%
P/E 23.2x 13.5x 13.4x 8.66x 11x 13.2x 12.1x 10.7x
PBR 0.97x 0.95x 1.26x 0.92x 1.03x 1.24x 1.16x 1.09x
PEG - 0.2x 0.3x 0.4x -6.6x 1.93x 1.32x 0.8x
Capitalization / Revenue 1.05x 0.84x 1.07x 0.77x 0.92x 1.09x 1.04x 0.98x
EV / Revenue 0x 0x 0x 0x 0x 1.09x 1.04x 0.98x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 9.71x 8.72x 7.72x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 60 69 75 95 115 116 126.4 139.5
Rate of return 3.05% 3.39% 2.46% 3.99% 3.87% 3.04% 3.31% 3.66%
EPS 2 84.89 150.3 227.6 275 270.4 288.8 315.3 355.4
Distribution rate 70.7% 45.9% 33% 34.5% 42.5% 40.2% 40.1% 39.3%
Net sales 1 41,852 52,892 62,126 67,288 70,034 73,840 77,417 82,035
EBITDA 3,266 5,705 8,105 9,249 9,044 - - -
EBIT 1 1,968 4,366 6,585 7,526 7,084 8,300 9,237 10,445
Net income 1 1,905 3,330 4,969 6,003 5,879 6,047 6,683 7,550
Net Debt -15,805 -14,007 -11,566 -12,642 -14,085 - - -
Reference price 2 1,968.00 2,035.00 3,050.00 2,382.00 2,973.00 3,815.00 3,815.00 3,815.00
Nbr of stocks (in thousands) 22,371 21,832 21,832 21,832 21,562 21,123 - -
Announcement Date 13/5/22 12/5/23 15/5/24 15/5/25 14/5/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.21x - - 3.04% 525M
41.8x8.04x23.4x-.--% 57.65B
28.34x4.17x14.87x0.37% 18.07B
423.17x - - - 15.99B
39.65x9.06x29.57x0.53% 10.8B
168.85x12.52x66.55x-.--% 7.91B
31.51x3.58x17.43x0.3% 7.44B
46.57x5.28x21.34x - 7B
7.5x - - 7.34% 6.97B
Average 88.95x 7.11x 28.86x 1.66% 14.71B
Weighted average by Cap. 91.20x 7.34x 25.19x 0.62%

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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