Company Valuation: GMO internet group, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 299,022 263,183 272,092 280,693 396,058 379,553 - -
Change - -11.99% 3.38% 3.16% 41.1% -4.17% - -
Enterprise Value (EV) 1 353,549 312,373 352,207 366,397 226,810 479,115 335,462 379,553
Change - -11.65% 12.75% 4.03% -38.1% 111.24% -29.98% 13.14%
P/E 17x 20x 19.2x 21.2x 24.9x 17.3x 14.8x 14.7x
PBR 4.05x 3.65x 3.3x 3.25x 3.87x 4.31x 3.77x 3.29x
PEG - -0.9x 2.34x -4.16x 1x 0.4x 0.9x 14.23x
Capitalization / Revenue 1.24x 1.07x 1.05x 1.01x 1.39x 1.21x 1.13x 1.06x
EV / Revenue 1.46x 1.27x 1.36x 1.32x 0.79x 1.53x 1x 1.06x
EV / EBITDA 6.99x 5.44x 6.28x 5.95x 3x 5.9x 3.61x -
EV / EBIT 8.6x 7.14x 8.29x 7.85x 3.97x 6.99x 4.24x 4.19x
EV / FCF -4.68x 11x -243x 27.7x 4.04x 9.2x 5.77x 6.35x
FCF Yield -21.4% 9.11% -0.41% 3.61% 24.8% 10.9% 17.3% 15.8%
Dividend per Share 2 52.7 47.6 44.1 41.8 52 74 84.98 86.5
Rate of return 1.94% 1.93% 1.72% 1.56% 1.33% 1.93% 2.21% 2.25%
EPS 2 159.7 123.2 133.3 126.5 157.6 221.6 258.7 261.4
Distribution rate 33% 38.6% 33.1% 33% 33% 33.4% 32.8% 33.1%
Net sales 1 241,446 245,696 258,643 277,407 285,626 313,297 334,519 358,900
EBITDA 1 50,613 57,412 56,051 61,607 75,651 81,250 92,850 -
EBIT 1 41,097 43,746 42,471 46,653 57,170 68,501 79,104 90,500
Net income 1 17,527 13,209 14,191 13,373 16,102 17,245 25,218 25,400
Net Debt 1 54,527 49,190 80,115 85,704 -169,248 99,562 -44,091 -
Reference price 2 2,715.00 2,466.00 2,563.00 2,680.00 3,918.00 3,838.00 3,838.00 3,838.00
Nbr of stocks (in thousands) 110,137 106,725 106,161 104,736 101,087 98,894 - -
Announcement Date 10/2/22 13/2/23 13/2/24 12/2/25 12/2/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.26x6.28x18.86x-.--% 321B
24.55x2.62x13.51x-.--% 151B
4.74x101.99x3.69x0.11% 118B
33.76x4.12x26.99x-.--% 102B
10.41x8.27x94.54x0.65% 95.22B
29.25x5.54x15.64x-.--% 88.31B
76.6x4.54x22.18x-.--% 85.28B
7.52x2.95x45.3x0.7% 39.6B
720.99x4.67x220.42x-.--% 28.02B
Average 103.23x 15.66x 51.24x 0.16% 114.22B
Weighted average by Cap. 43.90x 16.31x 30.66x 0.1%

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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