ดูเหมือนว่ามีข้อผิดพลาดเกิดขึ้นขณะกำลังโหลดหน้าเพจนี้.
ทีมงานของเราได้รับแจ้งแล้วแต่กรุณาติดต่อเราด้วยการใช้ วิจิทบริการสนับสนุนทางอีเมล หากปัญหายังคงมีอยู่
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBIT Multiple | 24.8x - 27.4x | 26.1x |
| Selected Fwd EBIT Multiple | 13.8x - 15.2x | 14.5x |
| Fair Value | ¥2,809 - ¥3,071 | ¥2,940 |
| Upside | -27.9% - -21.2% | -24.5% |
| Benchmarks | Ticker | Full Ticker |
| International Games System Co.,Ltd. | 3293 | TPEX:3293 |
| Take-Two Interactive Software, Inc. | TTWO | NasdaqGS:TTWO |
| Bushiroad Inc. | 7803 | TSE:7803 |
| J-Stream Inc. | 4308 | TSE:4308 |
| Koei Tecmo Holdings Co., Ltd. | 3635 | TSE:3635 |
| Capcom Co., Ltd. | 9697 | TSE:9697 |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| 3293 | TTWO | 7803 | 4308 | 3635 | 9697 | ||
| TPEX:3293 | NasdaqGS:TTWO | TSE:7803 | TSE:4308 | TSE:3635 | TSE:9697 | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | 33.7% | NM- | -22.0% | 12.5% | 18.7% | 25.8% | |
| 3Y CAGR | 21.1% | NM- | 20.1% | -37.7% | 5.3% | 18.2% | |
| Latest Twelve Months | 37.1% | -5.6% | -8.6% | 6.5% | -36.2% | -38.0% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 51.5% | 4.0% | 5.0% | 12.2% | 41.3% | 36.4% | |
| Prior Fiscal Year | 53.1% | -10.3% | 6.9% | 13.3% | 49.9% | 40.4% | |
| Latest Fiscal Year | 55.8% | -8.8% | 1.9% | 5.0% | 33.7% | 37.5% | |
| Latest Twelve Months | 55.8% | -10.0% | 4.4% | 7.6% | 30.6% | 29.9% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 11.56x | 7.44x | 0.48x | 0.24x | 7.44x | 11.19x | |
| EV / LTM EBITDA | 20.4x | 114.4x | 8.0x | 1.6x | 22.5x | 33.6x | |
| EV / LTM EBIT | 20.7x | -74.2x | 10.9x | 3.2x | 24.3x | 37.4x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | -74.2x | 10.9x | 24.3x | ||||
| Historical EV / LTM EBIT | 11.9x | 16.4x | 24.7x | ||||
| Selected EV / LTM EBIT | 24.8x | 26.1x | 27.4x | ||||
| (x) LTM EBIT | 40,399 | 40,399 | 40,399 | ||||
| (=) Implied Enterprise Value | 1,001,247 | 1,053,944 | 1,106,641 | ||||
| (-) Non-shareholder Claims * | 131,464 | 131,464 | 131,464 | ||||
| (=) Equity Value | 1,132,711 | 1,185,408 | 1,238,105 | ||||
| (/) Shares Outstanding | 418.3 | 418.3 | 418.3 | ||||
| Implied Value Range | 2,708.14 | 2,834.13 | 2,960.12 | ||||
| FX Rate: JPY/JPY | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 2,708.14 | 2,834.13 | 2,960.12 | 3,895.00 | |||
| Upside / (Downside) | -30.5% | -27.2% | -24.0% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | 3293 | TTWO | 7803 | 4308 | 3635 | 9697 | |
| Enterprise Value | 212,912 | 40,499 | 23,991 | 2,836 | 565,705 | 1,497,666 | |
| (+) Cash & Short Term Investments | 13,424 | 1,210 | 23,061 | 7,323 | 35,947 | 124,574 | |
| (+) Investments & Other | 524 | 41 | 5,899 | 322 | 151,618 | 13,856 | |
| (-) Debt | (7) | (4,104) | (14,178) | (5) | (9,000) | (6,961) | |
| (-) Other Liabilities | (3) | 0 | (915) | (480) | 0 | (5) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 226,850 | 37,647 | 37,858 | 9,996 | 744,270 | 1,629,130 | |
| (/) Shares Outstanding | 281.8 | 176.5 | 68.0 | 24.9 | 315.8 | 418.3 | |
| Implied Stock Price | 805.00 | 213.30 | 557.00 | 402.00 | 2,356.50 | 3,895.00 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 805.00 | 213.30 | 557.00 | 402.00 | 2,356.50 | 3,895.00 | |
| Trading Currency | TWD | USD | JPY | JPY | JPY | JPY | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |