Si è verificato un errore durante il caricamento della pagina.
Il nostro team è stato avvisato ma contattaci tramite il Widget assistenza email se il problema persiste.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBITDA Multiple | 11,8x - 13,0x | 12,4x |
| Selected Fwd EBITDA Multiple | 12,7x - 14,0x | 13,3x |
| Fair Value | ¥22.321 - ¥24.525 | ¥23.423 |
| Upside | 11,9% - 23,0% | 17,4% |
| Benchmarks | Ticker | Full Ticker |
| Renesas Electronics Corporation | 6723 | TSE:6723 |
| SCREEN Holdings Co., Ltd. | 7735 | TSE:7735 |
| Japan Electronic Materials Corporation | 6855 | TSE:6855 |
| Tazmo Co., Ltd. | 6266 | TSE:6266 |
| Tokyo Seimitsu Co., Ltd. | 7729 | TSE:7729 |
| Tokyo Electron Limited | 8035 | TSE:8035 |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| 6723 | 7735 | 6855 | 6266 | 7729 | 8035 | ||
| TSE:6723 | TSE:7735 | TSE:6855 | TSE:6266 | TSE:7729 | TSE:8035 | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | 22.1% | 47.3% | 28.5% | 36.8% | 17.2% | 23.3% | |
| 3Y CAGR | 3.5% | 28.0% | -1.1% | 36.6% | 2.7% | 6.1% | |
| Latest Twelve Months | -51.7% | 21.0% | 114.4% | -3.1% | 17.9% | 24.9% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 30.0% | 17.7% | 19.9% | 14.6% | 22.8% | 29.0% | |
| Prior Fiscal Year | 31.3% | 20.8% | 11.1% | 15.7% | 22.3% | 27.8% | |
| Latest Fiscal Year | 25.3% | 23.8% | 24.3% | 19.1% | 23.2% | 31.2% | |
| Latest Twelve Months | 20.0% | 23.2% | 25.2% | 18.0% | 23.4% | 30.6% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 3.13x | 1.27x | 1.03x | 0.72x | 1.94x | 3.50x | |
| EV / LTM EBITDA | 15.7x | 5.5x | 4.1x | 4.0x | 8.3x | 11.5x | |
| EV / LTM EBIT | 25.6x | 6.0x | 5.1x | 4.7x | 9.7x | 12.6x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | 4.0x | 5.5x | 15.7x | ||||
| Historical EV / LTM EBITDA | 10.2x | 15.9x | 34.4x | ||||
| Selected EV / LTM EBITDA | 11.8x | 12.4x | 13.0x | ||||
| (x) LTM EBITDA | 742,584 | 742,584 | 742,584 | ||||
| (=) Implied Enterprise Value | 8,761,036 | 9,222,143 | 9,683,250 | ||||
| (-) Non-shareholder Claims * | 634,595 | 634,595 | 634,595 | ||||
| (=) Equity Value | 9,395,631 | 9,856,738 | 10,317,845 | ||||
| (/) Shares Outstanding | 458.2 | 458.2 | 458.2 | ||||
| Implied Value Range | 20,507.50 | 21,513.95 | 22,520.39 | ||||
| FX Rate: JPY/JPY | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 20,507.50 | 21,513.95 | 22,520.39 | 19,945.00 | |||
| Upside / (Downside) | 2.8% | 7.9% | 12.9% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | 6723 | 7735 | 6855 | 6266 | 7729 | 8035 | |
| Enterprise Value | 3,985,216 | 794,699 | 25,048 | 26,381 | 294,129 | 8,503,321 | |
| (+) Cash & Short Term Investments | 211,111 | 169,553 | 13,714 | 12,996 | 49,147 | 367,510 | |
| (+) Investments & Other | 225,358 | 48,789 | 387 | 419 | 0 | 267,085 | |
| (-) Debt | (1,340,388) | (4,502) | (5,713) | (9,282) | (17,800) | 0 | |
| (-) Other Liabilities | (4,778) | (107) | 0 | (418) | (1,014) | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 3,076,519 | 1,008,432 | 33,436 | 30,096 | 324,462 | 9,137,916 | |
| (/) Shares Outstanding | 1,809.2 | 94.5 | 12.6 | 14.5 | 40.6 | 458.2 | |
| Implied Stock Price | 1,700.50 | 10,675.00 | 2,647.00 | 2,080.00 | 7,998.00 | 19,945.00 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 1,700.50 | 10,675.00 | 2,647.00 | 2,080.00 | 7,998.00 | 19,945.00 | |
| Trading Currency | JPY | JPY | JPY | JPY | JPY | JPY | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |