Company Valuation: MODEC, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 77,612 76,776 158,336 228,487 813,254 632,526 - -
Change - -1.08% 106.23% 44.31% 255.93% -22.22% - -
Enterprise Value (EV) 1 33,538 63,604 91,253 115,491 671,333 733,844 733,844 733,844
Change - 89.65% 43.47% 26.56% 481.29% 9.31% 0% 0%
P/E -1.85x 15.5x 10.6x 6.55x 14.4x 10.1x 9.52x 9.61x
PBR 1.27x 0.71x 1.12x 1.22x 3.58x 2.3x 2.1x 1.82x
PEG - -0x 0x 0x 0.2x 1.02x 1.46x -10.18x
Capitalization / Revenue 0.17x 0.21x 0.31x 0.35x 1.13x 0.85x 0.84x 0.87x
EV / Revenue 0.07x 0.17x 0.18x 0.17x 0.94x 0.99x 0.97x 1x
EV / EBITDA -1.05x 4.16x 2.58x 2.06x 9.21x 9.02x 7.77x 8.45x
EV / EBIT -0.92x -5.65x 3.33x 2.26x 14.1x 9.21x 8.45x 8.7x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 15 - 20 80 140 220 237.8 240
Rate of return 1.09% - 0.86% 2.39% 1.18% 2.39% 2.58% 2.61%
EPS 2 -742.8 88 219.4 510.3 826.2 907.8 967.1 957.9
Distribution rate -2.02% - 9.12% 15.7% 16.9% 24.2% 24.6% 25.1%
Net sales 1 448,510 363,593 507,031 662,088 717,100 744,199 756,471 730,671
EBITDA 1 -31,904 15,278 35,365 55,982 72,886 81,398 94,469 86,804
EBIT 1 -36,521 -11,260 27,364 51,066 47,675 79,722 86,870 84,388
Net income 1 -41,860 4,960 13,691 34,857 56,456 62,056 66,084 65,468
Net Debt 1 -44,074 -13,172 -67,083 -112,996 -141,921 101,318 101,318 101,318
Reference price 2 1,377.00 1,362.00 2,318.00 3,345.00 11,900.00 9,205.00 9,205.00 9,205.00
Nbr of stocks (in thousands) 56,363 56,370 68,307 68,307 68,341 68,344 - -
Announcement Date 2/10/22 2/14/23 2/14/24 2/13/25 2/13/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.14x0.98x8.97x2.39% 4.04B
21.18x2.29x10.46x2.25% 77.29B
19.4x2.39x13.37x1.63% 56.15B
14.2x1.49x8.14x2% 28.35B
23.73x2.59x12.76x0.27% 28.53B
27.3x0.51x4.41x3.82% 9.65B
22.96x0.86x7.5x1.88% 7.32B
7.14x1.5x5.92x2.96% 7.04B
9.12x - - 4.18% 5.99B
29.13x5.71x10.27x3.44% 5.89B
Average 18.43x 2.04x 9.09x 2.48% 23.02B
Weighted average by Cap. 19.78x 2.17x 10.66x 1.98%

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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