Company Valuation: Kintetsu Group Holdings Co.,Ltd.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 802,202 666,591 811,135 846,670 606,665 599,737 - -
Change - -16.9% 21.68% 4.38% -28.35% -1.14% - -
Enterprise Value (EV) 1 1,943,540 1,682,188 1,950,015 2,208,208 1,670,805 1,692,782 1,672,740 1,644,475
Change - -13.45% 15.92% 13.24% -24.34% 1.32% -1.18% -1.69%
P/E ratio -13.3x 15.6x 9.14x 17.6x 13x 12.7x 13x 12.3x
PBR 2.5x 1.76x 1.84x 1.63x 1.11x 1.02x 0.97x 0.91x
PEG - -0x 0x -0.4x -4.61x 10.22x -5.15x 1.99x
Capitalization / Revenue 1.15x 0.96x 0.52x 0.52x 0.35x 0.33x 0.32x 0.31x
EV / Revenue 2.79x 2.43x 1.25x 1.36x 0.96x 0.94x 0.9x 0.86x
EV / EBITDA -265x 30.5x 14.9x 13.7x 10x 10.6x 10.3x 9.73x
EV / EBIT -31.3x 435x 29x 25.3x 19.8x 19.1x 18.5x 17.2x
EV / FCF -24.1x 16.5x 21.2x 23.4x 241x -19.5x 50.6x 39.2x
FCF Yield -4.15% 6.05% 4.72% 4.27% 0.42% -5.12% 1.98% 2.55%
Dividend per Share 2 - 25 50 50 50 60 61 64.5
Rate of return - 0.71% 1.17% 1.12% 1.57% 1.9% 1.93% 2.05%
EPS 2 -316.6 224.8 466.8 252.8 245.6 248.7 242.4 257.4
Distribution rate - 11.1% 10.7% 19.8% 20.4% 24.1% 25.2% 25.1%
Net sales 1 697,203 691,512 1,561,002 1,629,529 1,741,787 1,803,550 1,858,800 1,918,750
EBITDA 1 -7,336 55,134 130,762 161,002 166,839 159,750 163,150 169,000
EBIT 1 -62,115 3,864 67,144 87,430 84,399 88,800 90,500 95,800
Net income 1 -60,187 42,755 88,779 48,073 46,716 47,300 46,100 48,950
Net Debt 1 1,141,338 1,015,597 1,138,880 1,361,538 1,064,140 1,093,045 1,073,003 1,044,738
Reference price 2 4,220.00 3,505.00 4,265.00 4,452.00 3,190.00 3,154.00 3,154.00 3,154.00
Nbr of stocks (in thousands) 190,095 190,183 190,184 190,177 190,177 190,151 - -
Announcement Date 5/14/21 5/13/22 6/2/23 5/15/24 5/15/25 - - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.68x0.94x10.6x1.9% 3.81B
8.08x4.16x8.2x0.75% 26.17B
11.95x1.6x7.71x2.86% 9.33B
12.81x2.12x11.81x1.49% 6.9B
37.34x3.12x16.02x0.98% 6.81B
12.63x1.94x11.69x2.18% 6.34B
30.88x8.07x23.44x1.79% 4.81B
13.84x2.8x13.77x1.61% 3.99B
11.38x2x10.36x2.2% 3.69B
14.69x2.77x11.9x3% 3.65B
Average 16.63x 2.95x 12.55x 1.88% 7.55B
Weighted average by Cap. 14.48x 3.22x 11.14x 1.57%

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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