Company Valuation: PIOLAX, Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 52,899 65,703 92,426 58,174 38,670 40,196 - -
Change - 24.2% 40.67% -37.06% -33.53% 3.95% - -
Enterprise Value (EV) 1 15,263 27,143 55,445 23,109 36,900 45,199 50,961 50,741
Change - 77.84% 104.27% -58.32% 59.68% 22.49% 12.75% -0.43%
P/E 12.8x 19.5x 23x 45.3x -1,860x 33.7x 29.9x 21.8x
PBR 0.55x 0.64x 0.87x 0.9x 0.59x 0.61x 0.62x 0.63x
PEG - -1.1x 1.2x -0.8x 18x -0x 2.3x 0.6x
Capitalization / Revenue 0.96x 1.12x 1.43x 0.92x 0.62x 0.64x 0.62x 0.6x
EV / Revenue 0.28x 0.46x 0.86x 0.36x 0.59x 0.72x 0.78x 0.76x
EV / EBITDA 1.79x 3.6x 6.43x 3.43x 6.25x 7.17x 7.84x 7.46x
EV / EBIT 2.93x 6.87x 11.7x 9.7x 25.1x 28.2x 29.1x 25.4x
EV / FCF 5.92x 25.4x -267x 15.1x -8.1x 19.6x -13.7x 22.4x
FCF Yield 16.9% 3.93% -0.38% 6.61% -12.4% 5.09% -7.29% 4.47%
Dividend per Share 2 45 100 128 92 92 92 92 92
Rate of return 2.9% 5.18% 4.71% 3.86% 5.82% 5.52% 5.52% 5.52%
EPS 2 121.7 99.15 117.9 52.67 -0.85 49.4 55.7 76.3
Distribution rate 37% 101% 109% 175% -10,824% 186% 165% 121%
Net sales 1 55,144 58,422 64,551 63,351 62,045 63,000 65,000 67,000
EBITDA 1 8,507 7,535 8,627 6,735 5,906 6,300 6,500 6,800
EBIT 1 5,216 3,949 4,756 2,382 1,470 1,600 1,750 2,000
Net income 1 4,224 3,375 4,013 1,792 -21 1,100 1,240 1,700
Net Debt 1 -37,636 -38,560 -36,981 -35,065 -1,770 5,003 10,765 10,545
Reference price 2 1,554.00 1,930.00 2,715.00 2,384.00 1,581.00 1,667.00 1,667.00 1,667.00
Nbr of stocks (in thousands) 34,040 34,043 34,043 24,402 24,459 24,113 - -
Announcement Date 5/12/22 5/12/23 5/10/24 5/12/25 5/12/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
33.74x0.72x7.17x5.52% 248M
20.36x1.38x10.65x1.85% 43.21B
12.21x0.65x5.44x3.73% 32.56B
15.46x0.63x4.65x3.77% 31.77B
10.2x0.62x8.12x1.44% 28.91B
13.6x2.48x8.7x4.34% 20.13B
10.98x0.51x5.03x2.98% 18.1B
12.09x1.06x6.01x4.15% 16.54B
27.73x1.1x11.51x0.58% 15.82B
27.39x2.53x15.07x1.11% 12.99B
Average 18.38x 1.17x 8.23x 2.95% 22.03B
Weighted average by Cap. 16.06x 1.12x 8.01x 2.71%

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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