Company Valuation: Future Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 155,110 145,855 156,350 164,138 175,844 195,974 - -
Change - -5.97% 7.2% 4.98% 7.13% 11.45% - -
Enterprise Value (EV) 132,680 118,203 128,135 149,620 158,043 195,974 195,974 195,974
Change - -10.91% 8.4% 16.77% 5.63% 24% 0% 0%
P/E 24.4x 15.8x 17x 15.9x 15x 15.9x 13.2x 12.4x
PBR 3.71x 3.25x 3.04x 2.96x 2.8x 2.76x 2.41x 2.13x
PEG - 0.4x -88.67x 1.3x 1.1x 3.14x 0.7x 1.93x
Capitalization / Revenue 3.19x 2.71x 2.64x 2.35x 2.31x 2.41x 2.16x 2.03x
EV / Revenue 0x 0x 0x 0x 0x 2.41x 2.16x 2.03x
EV / EBITDA 0x 0x - 0x 0x 9.59x 7.88x 7.55x
EV / EBIT 0x 0x 0x 0x 0x 11.1x 9.22x 8.66x
EV / FCF - 0x 0x -0x 0x 21.7x 15.6x 14.4x
FCF Yield - 6.28% 3.75% -5.92% 3.46% 4.6% 6.43% 6.96%
Dividend per Share 2 25.5 37 40 42 46 48 57 60.67
Rate of return 1.45% 2.25% 2.27% 2.27% 2.32% 2.17% 2.58% 2.75%
EPS 2 71.97 104.3 104.1 116.5 132.1 138.8 167 177.7
Distribution rate 35.4% 35.5% 38.4% 36.1% 34.8% 34.6% 34.1% 34.1%
Net sales 1 48,698 53,738 59,324 69,878 75,993 81,214 90,620 96,687
EBITDA 1 10,146 13,474 - 16,700 18,571 20,425 24,865 25,940
EBIT 1 9,000 12,229 13,700 14,667 16,176 17,691 21,250 22,633
Net income 1 6,369 9,236 9,221 10,322 11,712 12,312 14,810 15,760
Net Debt -22,430 -27,652 -28,215 -14,518 -17,801 - - -
Reference price 2 1,753.00 1,647.00 1,765.00 1,852.00 1,983.00 2,210.00 2,210.00 2,210.00
Nbr of stocks (in thousands) 88,483 88,558 88,584 88,628 88,676 88,676 - -
Announcement Date 2/8/22 2/7/23 2/6/24 2/4/25 2/5/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.73x - - 2.2% 1.18B
26.39x9.04x16.02x1.03% 25.31B
16.93x3.29x8.29x1.65% 16.12B
23.52x0.73x7.06x1.52% 11.43B
17.65x0.65x8.67x3.22% 6.9B
20.97x1.43x9.6x2.39% 4.15B
12.76x1.1x6.09x1.59% 3.99B
73.01x2.8x49.14x0.65% 2.07B
22.82x0.9x10.57x0.47% 1.72B
Average 25.53x 2.49x 14.43x 1.63% 8.1B
Weighted average by Cap. 23.03x 4.36x 12.05x 1.56%

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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