Company Valuation: Vision Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 54,686 68,576 59,450 62,108 63,597 48,693 - -
Change - 25.4% -13.31% 4.47% 2.4% -23.44% - -
Enterprise Value (EV) 47,985 61,400 49,951 50,824 51,969 48,693 48,693 48,693
Change - 27.96% -18.65% 1.75% 2.25% -6.3% 0% 0%
P/E 75x 43.9x 19.9x 18.4x 14x 10x 9.21x 8.18x
PBR 5.46x 5.71x 4.13x 3.58x 3.05x 2.21x 1.97x 1.75x
PEG - 0x 0.2x 1.5x 0.4x 1.4x 1.06x 0.7x
Capitalization / Revenue 3.02x 2.69x 1.87x 1.75x 1.63x 1.2x 1.12x 1.04x
EV / Revenue 0x 0x 0x 0x 0x 1.2x 1.12x 1.04x
EV / EBITDA 0x 0x 0x - 0x 6.33x 5.71x 5.14x
EV / EBIT 0x 0x 0x 0x 0x 6.93x 6.2x 5.53x
EV / FCF 0x 0x 0x 0x 0x 15.4x 11.6x 9.92x
FCF Yield 2.17% 0.49% 5.41% 3.28% 2.48% 6.49% 8.65% 10.1%
Dividend per Share 2 - - - 27 50 51 57 63
Rate of return - - - 2.11% 3.87% 5.16% 5.77% 6.38%
EPS 2 15.47 31.96 61.87 69.59 92.12 98.7 107.3 120.8
Distribution rate - - - 38.8% 54.3% 51.7% 53.1% 52.2%
Net sales 1 18,101 25,488 31,807 35,528 39,012 40,530 43,565 46,960
EBITDA 1 1,223 2,656 5,036 - 7,414 7,690 8,530 9,470
EBIT 1 1,105 2,415 4,280 5,365 6,465 7,025 7,850 8,800
Net income 1 729.1 1,549 3,025 3,375 4,522 4,785 5,200 5,855
Net Debt -6,701 -7,176 -9,499 -11,284 -11,628 - - -
Reference price 2 1,160.00 1,403.00 1,230.00 1,280.00 1,293.00 988.00 988.00 988.00
Nbr of stocks (in thousands) 47,143 48,878 48,334 48,522 49,185 49,284 - -
Announcement Date 2/14/22 2/14/23 2/13/24 2/13/25 2/13/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.47x1.35x4.31x6.89% 229B
10x2.46x6.51x6.09% 193B
13.1x2.11x5.48x4.28% 144B
11.96x0.84x3.16x6.65% 78.8B
13.13x2.03x5.15x2.41% 78.42B
12.08x1.75x7.5x3.56% 75.29B
15.43x2.68x8.41x5.09% 57.5B
23.63x5.33x19.45x4.53% 55.55B
15.75x1.81x5.66x4.87% 48.93B
Average 14.06x 2.26x 7.29x 4.93% 106.74B
Weighted average by Cap. 12.80x 2.07x 6.34x 5.35%

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