Company Valuation: Takeda Pharmaceutical Company Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 6,229,971 5,423,454 6,762,204 6,564,378 6,749,675 8,303,626 - -
Change - -12.95% 24.68% -2.93% 2.82% 23.02% - -
Enterprise Value (EV) 1 9,862,522 8,919,170 10,611,015 10,950,330 10,725,175 12,243,341 12,033,834 11,807,146
Change - -9.57% 18.97% 3.2% -2.06% 14.16% -1.71% -1.88%
P/E ratio 16.6x 23.8x 21.3x 45.4x 64.6x 46.4x 38.5x 26.7x
PBR 1.2x 0.95x 1.06x 0.9x 1x 1.15x 1.16x 1.16x
PEG - -0.6x 0.5x -0.8x -2.5x 0.6x 1.8x 0.6x
Capitalization / Revenue 1.95x 1.52x 1.68x 1.54x 1.47x 1.99x 1.81x 1.79x
EV / Revenue 3.08x 2.5x 2.63x 2.57x 2.34x 2.7x 2.62x 2.54x
EV / EBITDA 9.23x 8.54x 9.19x 11.6x 9.71x 9.97x 9.5x 8.76x
EV / EBIT 19.4x 19.4x 21.6x 51.1x 31.3x 28.3x 25.4x 20.2x
EV / FCF 16x 8.92x 28.7x 43.4x 15.5x 14.5x 10.8x 15.7x
FCF Yield 6.26% 11.2% 3.49% 2.31% 6.43% 6.9% 9.27% 6.36%
Dividend per Share 2 180 180 180 188 196 200 203.6 207.3
Rate of return 4.52% 5.15% 4.14% 4.49% 4.44% 3.81% 3.87% 3.94%
EPS 2 240.7 147.1 204.3 92.09 68.36 122 136.6 197
Distribution rate 74.8% 122% 88.1% 204% 287% 178% 149% 105%
Net sales 1 3,197,812 3,569,006 4,027,478 4,263,762 4,581,600 4,505,700 4,598,749 4,649,390
EBITDA 1 1,068,940 1,043,995 1,154,905 942,077 1,103,982 1,129,888 1,266,233 1,347,095
EBIT 1 509,269 460,844 490,505 214,100 342,600 408,800 473,659 585,960
Net income 1 376,005 230,059 317,017 144,067 107,900 191,800 215,403 304,116
Net Debt 1 3,632,551 3,495,716 3,848,811 4,385,952 3,975,500 3,939,715 3,730,208 3,503,520
Reference price 2 3,985.00 3,498.00 4,350.00 4,184.00 4,413.00 5,256.00 5,256.00 5,256.00
Nbr of stocks (in thousands) 1,563,355 1,550,444 1,554,530 1,568,924 1,529,498 1,579,838 - -
Announcement Date 5/11/21 5/11/22 5/11/23 5/9/24 5/8/25 5/13/26 - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
46.2x2.68x9.89x3.85% 51.96B
29.8x10.81x22.32x0.67% 906B
24.63x5.68x15.43x2.32% 555B
25.42x6.28x12.82x3.29% 368B
16.92x4.24x10.45x3.13% 326B
23.43x4.86x13.81x1.79% 289B
20.6x5.55x13.49x3.01% 285B
50.61x4.74x19.25x2.94% 280B
13.54x4.96x10.13x3.73% 208B
21.88x5.9x10.3x3% 182B
Average 27.30x 5.57x 13.79x 2.77% 345.04B
Weighted average by Cap. 26.53x 6.72x 15.83x 2.27%

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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