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 3,378,674 - -
Change - 14.35% 51.67% 174.96% 19.54% 26.98% - -
Enterprise Value (EV) 1 480,931 606,170 827,650 2,156,196 2,647,143 3,255,550 3,185,577 3,111,051
Change - 26.04% 36.54% 160.52% 22.77% 22.98% -2.15% -2.34%
P/E 49.6x 26.8x 22.9x 35.2x 27.2x 27.2x 24x 21.1x
PBR 3.2x 3.13x 3.95x 9.55x 9.8x 9.61x 7.65x 6.22x
PEG - 0x 0.3x 0.4x 0.5x 1x 1.8x 1.5x
Capitalization / Revenue 1.16x 1.1x 1.42x 3.28x 3.28x 3.42x 3.07x 2.77x
EV / Revenue 1.19x 1.25x 1.45x 3.18x 3.26x 3.29x 2.89x 2.55x
EV / EBITDA 13.4x 12.1x 11.7x 17.8x 15.7x 15.5x 13.6x 11.9x
EV / EBIT 21.9x 17.8x 15.3x 21.5x 18.6x 17.7x 15.3x 13.3x
EV / FCF 12.3x -16.9x 11.1x 26.8x 33.5x 31x 24x 20.9x
FCF Yield 8.1% -5.92% 9.01% 3.73% 2.98% 3.23% 4.17% 4.8%
Dividend per Share 2 6 10 16.25 20 28 37.92 45.67 52.36
Rate of return 0.94% 1.37% 1.47% 0.64% 0.75% 0.8% 0.96% 1.1%
EPS 2 12.84 27.15 48.13 88.3 138.1 175.2 198.7 226.2
Distribution rate 46.7% 36.8% 33.8% 22.7% 20.3% 21.6% 23% 23.1%
Net sales 1 404,082 484,601 570,463 678,526 810,916 988,464 1,102,034 1,219,815
EBITDA 1 35,996 50,002 70,719 121,353 168,442 209,560 235,056 261,119
EBIT 1 21,945 34,002 54,215 100,111 142,519 183,560 208,202 234,193
Net income 1 9,402 19,887 35,272 63,806 98,719 124,275 139,786 158,241
Net Debt 1 14,175 72,415 18,112 -69,745 -13,738 -123,124 -193,098 -267,623
Reference price 2 637.50 728.50 1,104.50 3,110.00 3,755.00 4,766.00 4,766.00 4,766.00
Nbr of stocks (in thousands) 732,167 732,677 732,945 715,737 708,624 708,912 - -
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.($)
23.53x1.35x15.84x4.12% 61.16B
16.86x1.17x8.74x2.32% 31.96B
27.38x3.32x15.64x0.79% 21.2B
20.88x2.06x10.38x-.--% 10.56B
14.73x0.85x6.92x5.26% 2.16B
6.02x0.33x1.96x7.37% 1.29B
7.1x0.32x2.09x7.25% 1.23B
6.92x1.23x5.66x11.27% 836M
Average 15.43x 1.33x 8.40x 4.8% 16.3B
Weighted average by Cap. 21.72x 1.65x 13.15x 2.93%

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