Company Valuation: ORIX Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 2,853,231 2,496,074 3,798,509 3,503,942 4,880,583 6,979,046 - -
Change - -12.52% 52.18% -7.75% 39.29% 43% - -
Enterprise Value (EV) 1 6,765,089 6,982,733 8,813,673 8,464,757 9,967,478 12,734,141 12,958,542 13,146,285
Change - 3.22% 26.22% -3.96% 17.75% 27.76% 1.76% 1.45%
P/E 9.44x 9.41x 11.1x 10x 11.5x 7.87x 13.4x 12.2x
PBR 0.9x 0.76x 0.96x 0.86x 1.13x 1.38x 1.33x 1.27x
PEG - -0.9x 0.4x 3.25x 0.4x 0x -0.3x 1.2x
Capitalization / Revenue 1.13x 0.94x 1.35x 1.22x 1.47x 2.04x 1.95x 1.81x
EV / Revenue 2.68x 2.62x 3.13x 2.94x 2.99x 3.72x 3.62x 3.41x
EV / EBITDA 10.7x 10.5x 12.2x 11.6x 11.6x 31.5x 25.7x 24.5x
EV / EBIT 22.4x 22.2x 24.4x 25.5x 21.8x 25.3x 26.5x 24.2x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 85.6 85.6 98.6 120 156.1 196.9 195.7 209.1
Rate of return 3.5% 3.93% 2.99% 3.89% 3.39% 3.09% 3.07% 3.28%
EPS 2 259.4 231.4 298.6 307.7 400.3 809.8 474.3 524.4
Distribution rate 33% 37% 33% 39% 39% 24.3% 41.3% 39.9%
Net sales 1 2,520,365 2,666,373 2,814,361 2,874,821 3,330,831 3,426,133 3,578,104 3,850,409
EBITDA 1 632,434 667,422 724,955 731,353 861,039 403,941 504,450 536,436
EBIT 1 302,083 313,988 360,713 331,826 456,248 502,371 489,210 542,529
Net income 1 312,135 273,075 346,132 351,630 447,265 898,755 503,336 544,260
Net Debt 1 3,911,858 4,486,659 5,015,164 4,960,815 5,086,895 5,755,094 5,979,496 6,167,239
Reference price 2 2,447.50 2,176.50 3,299.00 3,084.00 4,607.00 6,372.00 6,372.00 6,372.00
Nbr of stocks (in thousands) 1,165,774 1,146,829 1,151,412 1,136,168 1,059,384 1,095,268 - -
Announcement Date 5/11/22 5/10/23 5/8/24 5/12/25 5/11/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
7.87x3.72x31.52x3.09% 43.79B
19.58x3.73x10.21x2.93% 67.71B
11.45x - - 2.17% 14.42B
8.9x0.99x - 3.63% 12.59B
12.74x0.87x - 1.92% 9.16B
8.62x - - 6.16% 7.63B
-1312.22x2.96x16x1.13% 4.67B
26.94x - - 1.67% 4.11B
18.14x24.05x76.65x2.5% 4B
Average -133.11x 6.05x 33.60x 2.8% 18.67B
Weighted average by Cap. -22.69x 3.85x 20.41x 2.96%

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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  4. Valuation ORIX Corporation