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 3,743,758 - -
Change - 14.35% 51.67% 174.96% 19.54% 40.7% - -
Enterprise Value (EV) 1 480,931 606,170 827,650 2,156,196 2,647,143 3,609,412 3,591,542 3,535,184
Change - 26.04% 36.54% 160.52% 22.77% 36.35% -0.5% -1.57%
P/E 49.6x 26.8x 22.9x 35.2x 27.2x 29.8x 26.4x 23.2x
PBR 3.2x 3.13x 3.95x 9.55x 9.8x 10.1x 8.47x 6.9x
PEG - 0x 0.3x 0.4x 0.5x 1x 2.1x 1.7x
Capitalization / Revenue 1.16x 1.1x 1.42x 3.28x 3.28x 3.71x 3.37x 3.04x
EV / Revenue 1.19x 1.25x 1.45x 3.18x 3.26x 3.58x 3.23x 2.87x
EV / EBITDA 13.4x 12.1x 11.7x 17.8x 15.7x 16.6x 15.1x 13.4x
EV / EBIT 21.9x 17.8x 15.3x 21.5x 18.6x 19.2x 17.1x 14.9x
EV / FCF 12.3x -16.9x 11.1x 26.8x 33.5x 33x 26.8x 23.6x
FCF Yield 8.1% -5.92% 9.01% 3.73% 2.98% 3.03% 3.73% 4.24%
Dividend per Share 2 6 10 16.25 20 28 39 45.67 52.36
Rate of return 0.94% 1.37% 1.47% 0.64% 0.75% 0.74% 0.86% 0.99%
EPS 2 12.84 27.15 48.13 88.3 138.1 177.4 200.2 228
Distribution rate 46.7% 36.8% 33.8% 22.7% 20.3% 22% 22.8% 23%
Net sales 1 404,082 484,601 570,463 678,526 810,916 1,007,988 1,111,566 1,230,561
EBITDA 1 35,996 50,002 70,719 121,353 168,442 217,244 237,667 264,494
EBIT 1 21,945 34,002 54,215 100,111 142,519 188,203 210,059 236,479
Net income 1 9,402 19,887 35,272 63,806 98,719 124,635 140,728 159,375
Net Debt 1 14,175 72,415 18,112 -69,745 -13,738 -134,347 -152,217 -208,574
Reference price 2 637.50 728.50 1,104.50 3,110.00 3,755.00 5,281.00 5,281.00 5,281.00
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
23.66x1.36x15.93x4.1% 60.42B
16.76x1.16x8.64x2.33% 31.74B
29.77x3.58x16.61x0.74% 23.53B
21.69x2.15x10.78x-.--% 10.77B
14.4x0.83x6.77x5.38% 2.14B
5.92x0.32x1.89x7.5% 1.3B
6.99x0.31x2.03x7.36% 1.24B
6.91x1.23x5.65x11.3% 818M
Average 15.76x 1.37x 8.54x 4.84% 16.49B
Weighted average by Cap. 22.34x 1.74x 13.40x 2.87%

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