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Heiwa Valuation Multiples
Discover revenue and EBITDA valuation multiples for Heiwa and similar public comparables like DigiPlus Interactive, ZEAL Network, Accel Entertainment, Tokyotokeiba and more.
Heiwa Overview
About Heiwa
Heiwa Corp is a gambling company involved in the manufacturing and sales of pachinko and pachislot machines. The company operates in two business segments: game machines and golf. The game machine business develops pachinko machines, a gambling device with pinball-like characteristics, which are sold to pachinko parlors throughout Japan. Pachinko parlors allow users to purchase small steel balls, which are utilized in pachinko machines under the objective of winning more balls, which can then be exchanged for prizes. Pachislot machines, which are a similar gambling device with characteristics of pachinko and slot machines, are developed in a similar manner. The company's golf segment operates a number of golf courses. Heiwa generates the vast majority of its revenue in Japan.
Founded
1969
HQ
Employees
10.3K
Website
Sectors
Financials (LTM)
EV
$5B
Heiwa Financials
Heiwa reported last 12-month revenue of $2B and EBITDA of $471M.
In the same LTM period, Heiwa generated $513M in gross profit, $471M in EBITDA, and $55M in net income.
Revenue (LTM)
Heiwa P&L
In the most recent fiscal year, Heiwa reported revenue of $1B and EBITDA of $252M.
Heiwa expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $513M | XXX | $331M | XXX | XXX | XXX |
| Gross Margin | 31% | XXX | 33% | XXX | XXX | XXX |
| EBITDA | $471M | XXX | $252M | XXX | XXX | XXX |
| EBITDA Margin | 29% | XXX | 25% | XXX | XXX | XXX |
| EBIT Margin | 17% | XXX | 19% | XXX | XXX | XXX |
| Net Profit | $55M | XXX | $90M | XXX | XXX | XXX |
| Net Margin | 3% | XXX | 9% | XXX | XXX | XXX |
| Net Debt | — | — | $3B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Heiwa Stock Performance
Heiwa has current market cap of $1B, and enterprise value of $5B.
Market Cap Evolution
Heiwa's stock price is $11.96.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $1B | 0.3% | XXX | XXX | XXX | $0.91 |
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Start Free TrialHeiwa Valuation Multiples
Heiwa trades at 2.8x EV/Revenue multiple, and 9.7x EV/EBITDA.
EV / Revenue (LTM)
Heiwa Financial Valuation Multiples
As of April 19, 2026, Heiwa has market cap of $1B and EV of $5B.
Equity research analysts estimate Heiwa's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Heiwa has a P/E ratio of 21.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 2.8x | XXX | 4.5x | XXX | XXX | XXX |
| EV/EBITDA | 9.7x | XXX | 18.1x | XXX | XXX | XXX |
| EV/EBIT | 16.7x | XXX | 24.0x | XXX | XXX | XXX |
| EV/Gross Profit | 8.9x | XXX | 13.8x | XXX | XXX | XXX |
| P/E | 21.5x | XXX | 13.2x | XXX | XXX | XXX |
| EV/FCF | 61.0x | XXX | 119.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Heiwa Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Heiwa Margins & Growth Rates
Heiwa's revenue in the last 12 month grew by 4%.
Heiwa's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.
Heiwa's rule of 40 is 45% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Heiwa's rule of X is 69% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Heiwa Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 64% | XXX | XXX | XXX |
| EBITDA Margin | 29% | XXX | 25% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | 86% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 45% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 69% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 1% | XXX | — | XXX | XXX | XXX |
| R&D Expenses to Revenue | 4% | XXX | — | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 16% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Heiwa Public Comps
See public comps and valuation multiples for other Casinos & Gambling comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Heiwa | XXX | XXX | XXX | XXX | XXX | XXX |
| DigiPlus Interactive | XXX | XXX | XXX | XXX | XXX | XXX |
| ZEAL Network | XXX | XXX | XXX | XXX | XXX | XXX |
| Accel Entertainment | XXX | XXX | XXX | XXX | XXX | XXX |
| Tokyotokeiba | XXX | XXX | XXX | XXX | XXX | XXX |
| Paradise | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Heiwa M&A Activity
Heiwa acquired XXX companies to date.
Last acquisition by Heiwa was on XXXXXXXX, XXXXX. Heiwa acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Heiwa
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHeiwa Investment Activity
Heiwa invested in XXX companies to date.
Heiwa made its latest investment on XXXXXXXX, XXXXX. Heiwa invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Heiwa
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Heiwa
| When was Heiwa founded? | Heiwa was founded in 1969. |
| Where is Heiwa headquartered? | Heiwa is headquartered in Japan. |
| How many employees does Heiwa have? | As of today, Heiwa has over 10K employees. |
| Is Heiwa publicly listed? | Yes, Heiwa is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Heiwa? | Heiwa trades under 6412 ticker. |
| When did Heiwa go public? | Heiwa went public in 1991. |
| Who are competitors of Heiwa? | Heiwa main competitors are DigiPlus Interactive, ZEAL Network, Accel Entertainment, Tokyotokeiba. |
| What is the current market cap of Heiwa? | Heiwa's current market cap is $1B. |
| What is the current revenue of Heiwa? | Heiwa's last 12 months revenue is $2B. |
| What is the current revenue growth of Heiwa? | Heiwa revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Heiwa? | Current revenue multiple of Heiwa is 2.8x. |
| Is Heiwa profitable? | Yes, Heiwa is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Heiwa? | Heiwa's last 12 months EBITDA is $471M. |
| What is Heiwa's EBITDA margin? | Heiwa's last 12 months EBITDA margin is 29%. |
| What is the current EV/EBITDA multiple of Heiwa? | Current EBITDA multiple of Heiwa is 9.7x. |
| What is the current FCF of Heiwa? | Heiwa's last 12 months FCF is $75M. |
| What is Heiwa's FCF margin? | Heiwa's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of Heiwa? | Current FCF multiple of Heiwa is 61.0x. |
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