Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
Metrics | Range | Conclusion |
---|---|---|
Selected LTM EBIT Multiple | 4.3x - 4.7x | 4.5x |
Selected Fwd EBIT Multiple | 6.3x - 6.9x | 6.6x |
Fair Value | ¥2,490 - ¥2,560 | ¥2,525 |
Upside | 15.5% - 18.7% | 17.1% |
Benchmarks | Ticker | Full Ticker |
Nisshinbo Holdings Inc. | 3105 | TSE:3105 |
Sekisui Chemical Co., Ltd. | 4204 | TSE:4204 |
Noritsu Koki Co., Ltd. | 7744 | TSE:7744 |
Mie Kotsu Group Holdings, Inc. | 3232 | TSE:3232 |
Nippi,Incorporated | 7932 | TSE:7932 |
Katakura Industries Co.,Ltd. | 3001 | TSE:3001 |
- | - | - |
Select LTM EBIT Multiple | |||||||
Benchmark Companies | |||||||
3105 | 4204 | 7744 | 3232 | 7932 | 3001 | ||
TSE:3105 | TSE:4204 | TSE:7744 | TSE:3232 | TSE:7932 | TSE:3001 | ||
Historical EBIT Growth | |||||||
5Y CAGR | 20.7% | 4.2% | 27.3% | 7.3% | 14.2% | 9.9% | |
3Y CAGR | -8.7% | 6.7% | 22.7% | 41.1% | 27.3% | 13.8% | |
Latest Twelve Months | 279.0% | 14.4% | -9.6% | 14.2% | 0.4% | 29.3% | |
Historical EBIT Profit Margin | |||||||
5 Year Average Margin | 2.7% | 7.4% | 13.2% | 5.1% | 4.8% | 7.8% | |
Prior Fiscal Year | 2.3% | 7.5% | 14.7% | 7.5% | 7.4% | 9.5% | |
Latest Fiscal Year | 3.4% | 8.3% | 18.2% | 8.1% | 7.4% | 10.5% | |
Latest Twelve Months | NA | 8.3% | 16.1% | 8.1% | 7.4% | 12.0% | |
Current Trading Multiples | |||||||
EV / LTM Revenue | 0.50x | 0.66x | 0.79x | 0.97x | 0.51x | 0.25x | |
EV / LTM EBITDA | 4.6x | 5.3x | 3.7x | 7.4x | 5.1x | 1.3x | |
EV / LTM EBIT | 8.7x | 7.9x | 4.9x | 12.0x | 6.9x | 2.1x | |
Low | Mid | High | |||||
Benchmark EV / LTM EBIT | 4.9x | 7.9x | 12.0x | ||||
Historical EV / LTM EBIT | 2.3x | 6.1x | 31.8x | ||||
Selected EV / LTM EBIT | 4.3x | 4.5x | 4.7x | ||||
(x) LTM EBIT | 4,833 | 4,833 | 4,833 | ||||
(=) Implied Enterprise Value | 20,682 | 21,771 | 22,859 | ||||
(-) Non-shareholder Claims * | 57,762 | 57,762 | 57,762 | ||||
(=) Equity Value | 78,444 | 79,533 | 80,621 | ||||
(/) Shares Outstanding | 31.6 | 31.6 | 31.6 | ||||
Implied Value Range | 2,480.99 | 2,515.42 | 2,549.85 | ||||
FX Rate: JPY/JPY | 1.0 | 1.0 | 1.0 | Market Price | |||
Implied Value Range (Trading Cur) | 2,480.99 | 2,515.42 | 2,549.85 | 2,156.00 | |||
Upside / (Downside) | 15.1% | 16.7% | 18.3% |
Equity Waterfall | |||||||
Benchmark Companies | |||||||
(in millions) | 3105 | 4204 | 7744 | 3232 | 7932 | 3001 | |
Enterprise Value | 258,389 | 868,903 | 84,664 | 100,920 | 25,083 | 10,406 | |
(+) Cash & Short Term Investments | 48,922 | 142,586 | 89,677 | 5,416 | 8,933 | 30,002 | |
(+) Investments & Other | 64,417 | 158,901 | 17,614 | 22,326 | 5,341 | 40,046 | |
(-) Debt | (202,585) | (110,829) | (37,167) | (79,186) | (10,646) | (9,230) | |
(-) Other Liabilities | (28,107) | (28,018) | (518) | (351) | (730) | (3,056) | |
(-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
(-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
Value of Common Equity | 141,036 | 1,031,543 | 154,270 | 49,125 | 27,981 | 68,168 | |
(/) Shares Outstanding | 156.1 | 417.5 | 35.3 | 100.3 | 2.9 | 31.6 | |
Implied Stock Price | 903.40 | 2,470.50 | 4,370.00 | 490.00 | 9,730.00 | 2,156.00 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 903.40 | 2,470.50 | 4,370.00 | 490.00 | 9,730.00 | 2,156.00 | |
Trading Currency | JPY | JPY | JPY | JPY | JPY | JPY | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |