Company Valuation: Kaneka Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 231,272 224,812 247,581 239,651 288,782 370,117 - -
Change - -2.79% 10.13% -3.2% 20.5% 28.16% - -
Enterprise Value (EV) 1 317,939 358,887 398,707 417,070 469,122 564,602 577,356 596,017
Change - 12.88% 11.1% 4.61% 12.48% 20.35% 2.26% 3.23%
P/E 8.73x 9.87x 10.7x 9.5x 9.57x 12.1x 11.8x 10.9x
PBR 0.6x 0.54x 0.54x 0.51x 0.58x 0.75x 0.7x 0.65x
PEG - -0.7x 4.5x 0.8x 0.4x 8.52x 3.92x 1.38x
Capitalization / Revenue 0.33x 0.3x 0.32x 0.3x 0.36x 0.43x 0.42x 0.4x
EV / Revenue 0.46x 0.47x 0.52x 0.52x 0.58x 0.65x 0.65x 0.65x
EV / EBITDA 3.9x 4.81x 5.44x 4.97x 5.84x 6.23x 6.14x 5.91x
EV / EBIT 7.3x 10.2x 12.2x 10.4x 14.3x 13.5x 12.8x 11.8x
EV / FCF -57.9x -27.1x 127x - 19.5x 39.7x 67.9x 81.1x
FCF Yield -1.73% -3.69% 0.79% - 5.12% 2.52% 1.47% 1.23%
Dividend per Share 2 110 110 110 130 160 200 204 223.3
Rate of return 3.1% 3.19% 2.88% 3.41% 3.34% 3.25% 3.31% 3.63%
EPS 2 406 349.6 357.9 400.9 501.3 508.4 523.7 565
Distribution rate 27.1% 31.5% 30.7% 32.4% 31.9% 39.3% 39% 39.5%
Net sales 1 691,530 755,821 762,302 807,200 811,638 865,600 889,720 916,500
EBITDA 1 81,515 74,543 73,358 83,987 80,321 90,661 94,040 100,933
EBIT 1 43,562 35,087 32,579 40,050 32,894 41,889 45,280 50,667
Net income 1 26,487 23,008 23,220 25,309 30,977 30,189 30,649 31,267
Net Debt 1 86,667 134,075 151,126 177,419 180,340 194,485 207,239 225,901
Reference price 2 3,545.00 3,450.00 3,814.00 3,808.00 4,795.00 6,154.00 6,154.00 6,154.00
Nbr of stocks (in thousands) 65,239 65,163 64,914 62,934 60,226 60,142 - -
Announcement Date 12/05/22 12/05/23 14/05/24 14/05/25 14/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.48x3.45x9.78x2.07% 69.59B
11.92x0.91x7.6x4.52% 49.47B
54.06x8.66x36.86x1.01% 16.11B
13.15x0.88x6.1x2.74% 14.08B
11.14x0.72x4.8x2.93% 10.11B
15.52x0.71x7.64x3.18% 9.8B
36.38x1.67x8.81x2.08% 9.09B
4.68x0.67x2.77x4.7% 8.95B
31.44x4.3x18.42x0.37% 7.83B
Average 21.97x 2.44x 11.42x 2.62% 21.67B
Weighted average by Cap. 19.92x 2.60x 10.81x 2.8%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  3. 4118 Stock
  4. KANKF Stock
  5. Valuation Kaneka Corporation