Company Valuation: Alsok Co.,Ltd.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 529,459 404,940 360,902 416,472 544,043 570,783 - -
Change - -23.52% -10.88% 15.4% 30.63% 4.91% - -
Enterprise Value (EV) 1 538,008 387,461 354,828 348,834 489,469 504,238 488,388 471,798
Change - -27.98% -8.42% -1.69% 40.32% 3.02% -3.14% -3.4%
P/E ratio 21.2x 14x 15.1x 15.7x 20.2x 17.1x 15.9x 14.8x
PBR 1.91x 1.35x 1.15x 1.21x 1.61x 1.61x 1.53x 1.44x
PEG - 0.9x -0.9x 1.3x 4.35x 0.7x 2.1x 2.17x
Capitalization / Revenue 1.13x 0.83x 0.73x 0.8x 0.99x 0.95x 0.93x 0.9x
EV / Revenue 1.14x 0.79x 0.72x 0.67x 0.89x 0.84x 0.79x 0.74x
EV / EBITDA 9.7x 6.23x 6.14x 6.03x 8.12x 7.04x 6.44x 5.89x
EV / EBIT 14.5x 9.05x 9.59x 9.16x 12.2x 10.3x 9.23x 8.37x
EV / FCF 31.5x 13.5x 51.7x 8.91x 8.41x 14.8x 12.6x 10.8x
FCF Yield 3.17% 7.39% 1.93% 11.2% 11.9% 6.75% 7.96% 9.24%
Dividend per Share 2 14.4 16.4 17.2 23.7 25.8 29.77 32.87 35.53
Rate of return 1.38% 2.05% 2.41% 2.85% 2.3% 2.53% 2.8% 3.03%
EPS 2 49.42 57.22 47.32 52.95 55.41 68.87 74.08 79.14
Distribution rate 29.1% 28.7% 36.4% 44.8% 46.6% 43.2% 44.4% 44.9%
Net sales 1 469,920 489,000 492,226 521,400 551,881 599,582 616,654 637,480
EBITDA 1 55,462 62,153 57,762 57,809 60,304 71,641 75,872 80,098
EBIT 1 37,182 42,800 36,993 38,078 40,201 48,978 52,916 56,358
Net income 1 25,014 28,900 23,950 26,630 27,105 33,378 35,749 38,025
Net Debt 1 8,549 -17,479 -6,074 -67,638 -54,574 -66,545 -82,395 -98,985
Reference price 2 1,046.00 800.00 713.00 831.90 1,122.00 1,174.50 1,174.50 1,174.50
Nbr of stocks (in thousands) 506,175 506,175 506,174 500,628 484,887 485,979 - -
Announcement Date 5/11/21 5/13/22 5/12/23 5/14/24 5/13/25 - - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.1x0.84x7.06x2.53% 3.64B
40.2x7.21x26.02x0.86% 78.33B
51.46x5.24x17.22x1.04% 21.86B
24.73x1.38x13.58x0.94% 17.48B
20.72x2.15x10.67x3.34% 14.65B
19.8x2.31x10.19x3.61% 9.36B
34.04x3.9x15.82x1.84% 8.17B
13x1.45x7.75x1.67% 6.88B
15.42x0.62x8.96x1.47% 6.35B
23.72x1.47x7.87x0.82% 5.44B
Average 26.02x 2.66x 12.51x 1.81% 17.21B
Weighted average by Cap. 33.99x 4.72x 18.66x 1.39%
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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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