Valuation Yamaha Corporation BOERSE MUENCHEN

Stocks

Real-time BOERSE MUENCHEN Other stock markets 01:44:26 2026-07-15 pm EDT			5-day change	1st Jan Change
6.400 ^EUR	0.00%		+2.40%	+10.34%

Jul. 14	Fender escalates Stratocaster copyright fight, taking aim at Yamaha	RE
May. 18	Yamaha Corporation, 2026 Earnings Call, May 11, 2026

Data adjusted to current consolidation scope

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
Market Cap ¹	917,758	871,014	546,212	523,994	485,207	529,636	-	-
Change	-	-5.09%	-37.29%	-4.07%	-7.4%	9.16%	-	-
Enterprise Value (EV) ¹	768,808	784,795	462,558	444,132	392,908	439,486	419,433	386,721
Change	-	2.08%	-41.06%	-3.98%	-11.53%	11.85%	-4.56%	-7.8%
P/E	24.9x	22.9x	18.6x	41.9x	20.9x	17.8x	15.9x	13.8x
PBR	2.21x	1.9x	1.06x	1.17x	1.01x	1.1x	1.05x	0.96x
PEG	-	6.31x	-0.9x	-0.8x	0.2x	0.6x	1.3x	0.9x
Capitalization / Revenue	2.25x	1.93x	1.18x	1.13x	1.04x	1.11x	1.07x	1.03x
EV / Revenue	1.88x	1.74x	1x	0.96x	0.84x	0.92x	0.85x	0.75x
EV / EBITDA	11.5x	11.9x	10.8x	10.5x	7.89x	7.7x	6.87x	5.7x
EV / EBIT	15.6x	16.9x	16x	21.5x	13.4x	11.4x	9.93x	7.97x
EV / FCF	9.64x	-21.6x	22.1x	13.7x	12.4x	14.1x	12.5x	9.91x
FCF Yield	10.4%	-4.64%	4.52%	7.28%	8.05%	7.08%	7.99%	10.1%
Dividend per Share ²	22	22	24.67	25.33	26	27	28.48	30
Rate of return	1.23%	1.3%	2.27%	2.19%	2.36%	2.24%	2.37%	2.49%
EPS ²	71.6	74.2	58.56	27.58	52.7	67.67	75.75	87.35
Distribution rate	30.7%	29.6%	42.1%	91.9%	49.3%	39.9%	37.6%	34.3%
Net sales ¹	408,200	451,400	462,866	462,080	465,330	478,886	493,043	512,900
EBITDA ¹	66,634	65,754	42,799	42,190	49,808	57,100	61,025	67,800
EBIT ¹	49,300	46,500	28,999	20,695	29,274	38,460	42,233	48,500
Net income ¹	37,300	38,200	29,642	13,351	23,720	29,714	33,043	37,450
Net Debt ¹	-148,950	-86,219	-83,654	-79,862	-92,299	-90,150	-110,203	-142,915
Reference price ²	1,783.33	1,696.67	1,087.00	1,156.50	1,103.00	1,204.00	1,204.00	1,204.00
Nbr of stocks (in thousands)	514,631	513,368	502,495	453,086	439,897	439,897	-	-
Announcement Date	5/11/22	5/9/23	5/8/24	5/8/25	5/11/26	-	-	-