Valuation Mercari, Inc.

Equities

Delayed Japan Exchange Other stock markets 08:22:19 2025-01-22 pm EST			5-day change	1st Jan Change
1,747.00 ^JPY	-0.37%		+3.68%	-2.59%

Jan. 08	Jefferies Adjusts Mercari's Price Target to 2,400 Yen From 2,625 Yen, Keeps at Buy	MT
Nov. 06	Mercari's Profit Hikes Over 4% in Fiscal Q1	MT

Data adjusted to current consolidation scope

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	519,813	930,762	313,186	543,455	327,190	287,772	-	-
Change	-	79.06%	-66.35%	73.52%	-39.79%	-12.05%	-	-
Enterprise Value (EV) ¹	431,253	830,447	183,131	454,714	328,500	134,802	75,102	9,741
Change	-	92.57%	-77.95%	148.3%	-27.76%	-58.96%	-44.29%	-87.03%
P/E ratio	-22.5x	162x	-41.2x	41.5x	24.2x	18.7x	14.8x	12.2x
PBR	14.9x	23.8x	8.53x	10.2x	4.56x	3.33x	2.72x	2.21x
PEG	-	-1x	0x	-0x	13.34x	1.4x	0.5x	0.6x
Capitalization / Revenue	6.81x	8.77x	2.13x	3.16x	1.75x	1.47x	1.35x	1.24x
EV / Revenue	5.65x	7.83x	1.25x	2.64x	1.75x	0.69x	0.35x	0.04x
EV / EBITDA	-24.4x	138x	-63.2x	25.3x	16.8x	5.98x	2.67x	0.29x
EV / EBIT	-22.3x	160x	-49.3x	26.7x	17.4x	6.2x	2.71x	0.29x
EV / FCF	43.6x	80.8x	-6.81x	-12.1x	-7.43x	-12.3x	-38.8x	7.53x
FCF Yield	2.29%	1.24%	-14.7%	-8.25%	-13.5%	-8.13%	-2.57%	13.3%
Dividend per Share ²	-	-	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-	-	-
EPS ²	-147.9	36.43	-47.34	81.01	82.48	93.55	118.8	143.2
Distribution rate	-	-	-	-	-	-	-	-
Net sales ¹	76,275	106,115	147,049	172,064	187,407	195,633	212,631	231,502
EBITDA ¹	-17,669	6,029	-2,897	17,956	19,528	22,529	28,121	33,679
EBIT ¹	-19,308	5,184	-3,715	17,023	18,869	21,744	27,697	33,675
Net income ¹	-22,772	5,720	-7,569	13,070	13,461	15,324	19,468	23,473
Net Debt ¹	-88,560	-100,315	-130,055	-88,741	1,310	-152,970	-212,670	-278,031
Reference price ²	3,330.00	5,900.00	1,950.00	3,359.00	1,997.50	1,753.50	1,753.50	1,753.50
Nbr of stocks (in thousands)	156,100	157,756	160,608	161,791	163,800	164,113	-	-
Announcement Date	8/6/20	8/12/21	8/8/22	8/10/23	8/13/24	-	-	-

¹JPY in Million²JPY

Estimates

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E ratio	EV / Sales	EV / EBITDA	Yield	Capi. ($)
MERCARI, INC.	18.75x	0.69x	5.99x	-.--%	1.85B
ALIBABA GROUP HOLDING LIMITED	12.17x	1.08x	5.5x	+1.19%	193B
PDD HOLDINGS INC.	9.78x	1.95x	6.59x	-.--%	145B
SHOPIFY INC.	120.04x	15.04x	88.73x	-.--%	137B
MEITUAN INC.	25.3x	2.17x	14.86x	-.--%	121B
MERCADOLIBRE, INC.	55.11x	4.34x	29.1x	-.--%	93B
COPART, INC.	36.88x	10.89x	26.22x	-	55.35B
EBAY INC.	18.45x	3.54x	11.33x	+1.67%	30.96B
GLOBAL-E ONLINE LTD.	-124.42x	12.33x	65.52x	-.--%	9.55B
VIPSHOP HOLDINGS LIMITED	6.96x	0.23x	2.37x	+3.18%	7.01B
Average	17.90x	5.23x	25.62x	+0.67%	79.35B
Weighted average by Cap.	37.73x	5.11x	26.66x	+0.41%