Company Valuation: ASICS Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 466,756 533,755 809,538 2,225,941 2,660,881 3,324,083 - -
Change - 14.35% 51.67% 174.96% 19.54% 24.92% - -
Enterprise Value (EV) 1 480,931 606,170 827,650 2,156,196 2,647,143 3,229,087 3,172,155 3,114,717
Change - 26.04% 36.54% 160.52% 22.77% 21.98% -1.76% -1.81%
P/E 49.6x 26.8x 22.9x 35.2x 27.2x 26.1x 22.9x 20.2x
PBR 3.2x 3.13x 3.95x 9.55x 9.8x 9.09x 7.44x 6.01x
PEG - 0x 0.3x 0.4x 0.5x 0.9x 1.6x 1.5x
Capitalization / Revenue 1.16x 1.1x 1.42x 3.28x 3.28x 3.25x 2.94x 2.66x
EV / Revenue 1.19x 1.25x 1.45x 3.18x 3.26x 3.16x 2.8x 2.49x
EV / EBITDA 13.4x 12.1x 11.7x 17.8x 15.7x 14.5x 13x 11.7x
EV / EBIT 21.9x 17.8x 15.3x 21.5x 18.6x 16.7x 14.7x 12.9x
EV / FCF 12.3x -16.9x 11.1x 26.8x 33.5x 33.4x 23.5x 20.6x
FCF Yield 8.1% -5.92% 9.01% 3.73% 2.98% 2.99% 4.26% 4.87%
Dividend per Share 2 6 10 16.25 20 28 44 48.08 54
Rate of return 0.94% 1.37% 1.47% 0.64% 0.75% 0.94% 1.03% 1.15%
EPS 2 12.84 27.15 48.13 88.3 138.1 179.7 205 231.7
Distribution rate 46.7% 36.8% 33.8% 22.7% 20.3% 24.5% 23.5% 23.3%
Net sales 1 404,082 484,601 570,463 678,526 810,916 1,022,917 1,131,638 1,248,661
EBITDA 1 35,996 50,002 70,719 121,353 168,442 222,635 243,242 267,198
EBIT 1 21,945 34,002 54,215 100,111 142,519 193,276 215,914 241,477
Net income 1 9,402 19,887 35,272 63,806 98,719 128,038 143,968 161,957
Net Debt 1 14,175 72,415 18,112 -69,745 -13,738 -94,997 -151,928 -209,366
Reference price 2 637.50 728.50 1,104.50 3,110.00 3,755.00 4,689.00 4,689.00 4,689.00
Nbr of stocks (in thousands) 732,167 732,677 732,945 715,737 708,624 708,911 - -
Announcement Date 2/10/22 2/10/23 2/9/24 2/14/25 2/13/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.68x1.36x15.97x4.1% 60.47B
16.43x1.13x8.5x2.38% 31.37B
26.09x3.16x14.5x0.94% 20.91B
19.95x1.94x9.69x-.--% 10.03B
14.61x0.86x8.81x4.52% 2.18B
6.19x0.35x2.09x7.14% 1.36B
6.88x0.3x1.97x7.59% 1.22B
6.93x1.23x5.67x11.27% 832M
Average 15.10x 1.29x 8.40x 4.74% 16.05B
Weighted average by Cap. 21.40x 1.61x 12.95x 2.96%

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