Lion Corporation

4912.T · Consumer Defensive · Household & Personal Products · Valued as of 2026-11-03 · Statements 2024-12-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

1.74B USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

1.46B USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

1.92B USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

1.70B USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

3.05B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.56×

the ratio the screener ranks by

Margin of Safety

-78.9%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 1.74B USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)1.27B USD
+②Net Cash Today475.05M USD
+③Growth Value0 USD
=Value1.74B USD

EPV of the Operations (NOPAT over WACC)

1.27B USD

Net cash today

+475.05M USD

Growth Value

0 USD

Value

1.74B USD

①EPV (earnings power value)

1.27B USD

②Net Cash Today

475.05M USD

③Growth Value

0 USD

Market value

Market Cap3.05B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-75.1%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 1.46B USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE836.12M USD
+②Equity at Year 15, Today619.01M USD
=Value1.46B USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth rising to its long-run rate and the ROE on new investment rising to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

836.12M USD

②Equity at Year 15, Today

619.01M USD

Market value

Market Cap3.05B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-109.5%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 1.92B USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).
①Present Value of the 15 Years of FCFF847.84M USD
+②Invested Capital at Year 15, Today593.10M USD
+③Net Cash Today475.05M USD
=Value1.92B USD
FCFF: the NOPAT left for the shareholders and the lenders once the business reinvests what next year's growth needsReinvestment: the part of the year's NOPAT put back into the business to grow the next year; below zero, capital the business releasesPresent value of the FCFFColoured bars show the FCFF, grey bars the reinvestment. With a positive reinvestment the two stacked are the year's NOPAT; with a negative one the grey is below zero, capital the business releases, and the NOPAT is the FCFF plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROIC on new investment rising to the WACC. Axes linear.

①Present Value of the 15 Years of FCFF

847.84M USD

②Invested Capital at Year 15, Today

593.10M USD

③Net Cash Today

475.05M USD

Market value

Market Cap3.05B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-59.1%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 9.98%
Cost of Equity =Risk-Free Rate 4.50%+Beta (default) 1.00×Market Risk Premium 6.00%= 10.50%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 52.14M USDPretax Income 205.62M USD= 25.36%

The tax the interest saves.

Interest Expense =EBIT 210.77M USD−Pretax Income 205.62M USD= 5.15M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 5.15M USDTotal Debt 196.75M USD×(1 − Tax Rate for WACC 25.36%)= 1.95%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 196.75M USDMarket Cap + Total Debt 3.05B USD + 196.75M USD= 6.06%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 93.94%×Cost of Equity 10.50%+Debt Weight 6.06%×Cost of Debt 1.95%= 9.98%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-06-30.

Total Assets 3.29B USD − Total Liabilities 1.08B USD = Book Value Today 2.22B USD

Total Debt 196.75M USD − Cash and Short-Term Investments 671.80M USD = Net Debt Today -475.05M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 1-2.6%at most 5%passes276,700,459 / 284,232,446
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets4.3%at least -10.0%passes(278.38M USD − 135.15M USD) ÷ 3.29B USD
Price to bookMarket Cap ÷ Book Value Today1.38×at most 3×passes3.05B USD ÷ 2.22B USD
Operating marginOperating Income ÷ Revenue6.9%above 10.0%does not pass181.00M USD ÷ 2.63B USD
Revenue growthRevenue ÷ Revenue a Year Before − 1-7.6%above 10.0%does not pass2.63B USD / 2.85B USD
Net cash(Cash − Total Debt) ÷ Market Cap10.5%above -30%passes(515.58M USD − 196.75M USD) ÷ 3.05B USD
Operating efficiencyOperating Income ÷ Gross Profit15.0%above 25.0%does not pass181.00M USD ÷ 1.20B USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

1727.73 JPY

Enterprise value

452.27B JPY

the provider's own figure

EV / EBITDA

7.25×

Price / book

1.44×

the provider's book

Price / earnings

16.57×

Return on equity

9.7%

the provider's figure, not this page's

Profit margin

6.6%

Revenue growth

11.8%

Analyst target, mean

2125.45 JPY

Analysts

12

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

USD20212022202320242025
Income statement

Revenue

—2.94B2.85B2.63B2.70B

Gross profit

—1.31B1.28B1.20B1.24B

Operating income

—217.23M145.13M181.00M232.75M

EBITDA

operating income before depreciation and amortisation

—370.05M307.31M345.69M260.26M

Pretax income

—235.66M158.36M205.62M252.36M

Net income

—165.22M103.50M135.15M176.55M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

—165.22M103.50M135.15M176.55M

R&D

—————
Balance sheet, year end

Total assets

—3.53B3.44B3.17B3.38B

Total liabilities

—1.43B1.33B1.16B1.15B

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

—1.99B1.98B1.87B2.07B

Total debt

—242.27M214.74M189.60M180.79M

Cash and equivalents

—761.23M605.33M651.88M563.76M

Net PP&E

fixed assets after depreciation

—1.22B1.22B1.01B986.06M

Working capital

current assets less current liabilities

—723.86M629.50M695.28M753.68M
Cash flow

Operating cash flow

167.87M316.02M212.81M278.38M—

Capital expenditure

paid out, so below zero

-373.39M-174.31M-176.84M-121.14M—

Depreciation and amortisation

123.99M133.04M142.98M134.93M—

Free cash flow

operating cash flow plus capital expenditure

-205.53M141.71M35.97M157.23M—