Company Valuation: FP Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 238,626 268,461 222,826 228,080 190,384 204,780 - -
Change - 12.5% -17% 2.36% -16.53% 7.56% - -
Enterprise Value (EV) 1 297,046 346,366 291,903 289,573 245,533 263,518 273,625 263,459
Change - 16.6% -15.72% -0.8% -15.21% 7.33% 3.84% -3.72%
P/E 21.3x 23.3x 19.2x 18.3x 12.8x 14.1x 12.8x 14.4x
PBR 1.81x 1.93x 1.54x 1.49x 1.16x 1.2x 1.14x 1.09x
PEG - 8.16x 10.28x 2.4x 0.7x -6.53x 1.3x -1.3x
Capitalization / Revenue 1.22x 1.27x 1x 0.97x 0.79x 0.8x 0.79x 0.82x
EV / Revenue 1.52x 1.64x 1.31x 1.23x 1.02x 1.03x 1.06x 1.05x
EV / EBITDA 10.1x 11.2x 9.27x 8.72x 6.78x 7.26x 7.12x 7.27x
EV / EBIT 18.7x 20.7x 17.8x 15.7x 11.4x 12x 11.7x 12.6x
EV / FCF 1,053x -45x 15.8x 22.3x 18.3x -17.6x 41.7x 41.2x
FCF Yield 0.09% -2.22% 6.33% 4.49% 5.45% -5.69% 2.4% 2.43%
Dividend per Share 2 47 47 57 61.5 73 72.5 79.2 77
Rate of return 1.61% 1.43% 2.07% 2.18% 3.1% 2.86% 3.13% 3.04%
EPS 2 137 140.9 143.5 154.5 183.9 179.9 198.2 176.4
Distribution rate 34.3% 33.4% 39.7% 39.8% 39.7% 40.3% 40% 43.6%
Net sales 1 195,700 211,285 222,100 235,628 240,490 254,649 258,759 249,804
EBITDA 1 29,520 30,883 31,481 33,222 36,208 36,300 38,433 36,254
EBIT 1 15,884 16,703 16,429 18,471 21,614 21,933 23,400 20,921
Net income 1 11,206 11,529 11,724 12,486 14,869 14,550 15,230 14,266
Net Debt 1 58,420 77,905 69,077 61,493 55,149 58,738 68,845 58,679
Reference price 2 2,916.00 3,280.00 2,757.00 2,821.00 2,354.00 2,532.00 2,532.00 2,532.00
Nbr of stocks (in thousands) 81,833 81,848 80,822 80,851 80,877 80,877 - -
Announcement Date 28/4/22 28/4/23 30/4/24 30/4/25 30/4/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
17.65x1.44x9.11x5.85% 19.96B
23.21x2.1x10.09x1.55% 8.01B
9.99x - - 3.55% 1.44B
10.33x - - - 1.39B
27.29x - - - 1.16B
Average 17.70x 1.77x 9.60x 3.65% 6.39B
Weighted average by Cap. 18.73x 1.63x 9.39x 4.57%

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