Company Valuation: Takashimaya Company, Limited

Data adjusted to current consolidation scope
Fiscal Period: February 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 187,241 299,060 355,526 373,602 579,875 680,694 - -
Change - 59.72% 18.88% 5.08% 55.21% 17.39% - -
Enterprise Value (EV) 1 398,803 512,026 606,586 624,538 915,158 919,394 880,698 871,057
Change - 28.39% 18.47% 2.96% 46.53% 0.46% -4.21% -1.09%
P/E 34.9x 11.2x 11.2x 9.75x -72.1x 16.8x 16.4x 15.6x
PBR 0.47x 0.72x 0.78x 0.79x 1.29x 1.42x 1.34x 1.26x
PEG - 0x 0.6x 0.4x 1x -0x 6.11x 3.15x
Capitalization / Revenue 0.25x 0.67x 0.76x 0.75x 1.18x 1.34x 1.31x 1.29x
EV / Revenue 0.52x 1.15x 1.3x 1.25x 1.86x 1.81x 1.7x 1.65x
EV / EBITDA 11.1x 7.75x 7.54x 6.89x 10.4x 9.85x 9.07x 8.65x
EV / EBIT 97x 15.7x 13.2x 10.9x 17.1x 15.6x 14.4x 13.7x
EV / FCF -24.8x 19.9x 28.8x 19x 99.2x 68.4x 42.5x 35.8x
FCF Yield -4.03% 5.04% 3.47% 5.25% 1.01% 1.46% 2.35% 2.8%
Dividend per Share 2 12 13 18.5 24.5 34 40.25 43.25 45.75
Rate of return 2.14% 1.37% 1.64% 1.99% 1.72% 1.73% 1.86% 1.97%
EPS 2 16.07 84.89 100.2 126.3 -27.44 138 141.7 148.7
Distribution rate 74.7% 15.3% 18.5% 19.4% -124% 29.2% 30.5% 30.8%
Net sales 1 761,124 443,443 466,134 498,491 492,370 506,925 518,209 528,209
EBITDA 1 35,778 66,099 80,464 90,702 87,672 93,367 97,106 100,658
EBIT 1 4,110 32,519 45,937 57,503 53,516 58,800 61,355 63,794
Net income 1 5,360 27,838 31,620 39,525 -8,194 40,425 41,505 43,569
Net Debt 1 211,562 212,966 251,060 250,936 335,283 238,700 200,004 190,363
Reference price 2 561.50 948.00 1,127.00 1,231.50 1,979.00 2,323.00 2,323.00 2,323.00
Nbr of stocks (in thousands) 333,466 315,464 315,463 303,372 293,014 293,024 - -
Announcement Date 4/11/22 4/14/23 4/12/24 4/14/25 4/14/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.21x1.76x9.57x1.8% 4B
72.29x6.26x34.78x0.17% 16.01B
17.24x1.33x9.12x3.75% 15.92B
14.3x1.24x9.45x5.75% 8.87B
13.8x - - 3.63% 7.45B
10.15x0.33x3.99x3.15% 6.15B
11.96x0.9x5.37x2.8% 4.53B
23.07x2.29x10.73x1.93% 4.38B
11.67x1.7x7.36x5.93% 4.09B
7.81x1.08x5.12x6.06% 3.66B
Average 19.85x 1.88x 10.61x 3.5% 7.51B
Weighted average by Cap. 26.92x 2.46x 14.33x 3.12%

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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