Company Valuation: Kaneka Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 231,272 224,812 247,581 239,651 274,397 345,617 - -
Change - -2.79% 10.13% -3.2% 14.5% 25.95% - -
Enterprise Value (EV) 1 317,939 358,887 398,707 417,070 454,737 553,562 549,795 571,174
Change - 12.88% 11.1% 4.61% 9.03% 21.73% -0.68% 3.89%
P/E 8.73x 9.87x 10.7x 9.5x 9.57x 12.6x 11.3x 10.6x
PBR 0.6x 0.54x 0.54x 0.51x 0.58x 0.68x 0.67x 0.63x
PEG - -0.7x 4.5x 0.8x 0.4x -1.38x 0.9x 1.59x
Capitalization / Revenue 0.33x 0.3x 0.32x 0.3x 0.34x 0.41x 0.4x 0.38x
EV / Revenue 0.46x 0.47x 0.52x 0.52x 0.56x 0.65x 0.63x 0.63x
EV / EBITDA 3.9x 4.81x 5.44x 4.97x 5.66x 6.25x 5.77x 5.67x
EV / EBIT 7.3x 10.2x 12.2x 10.4x 13.8x 13.9x 12.5x 11.3x
EV / FCF -57.9x -27.1x 127x - 18.9x 55.6x 44.4x 44.3x
FCF Yield -1.73% -3.69% 0.79% - 5.28% 1.8% 2.25% 2.26%
Dividend per Share 2 110 110 110 130 160 180.8 190 205
Rate of return 3.1% 3.19% 2.88% 3.41% 3.34% 3.15% 3.31% 3.57%
EPS 2 406 349.6 357.9 400.9 501.3 455.4 510 544.1
Distribution rate 27.1% 31.5% 30.7% 32.4% 31.9% 39.7% 37.3% 37.7%
Net sales 1 691,530 755,821 762,302 807,200 811,638 848,837 869,593 900,500
EBITDA 1 81,515 74,543 73,358 83,987 80,321 88,500 95,245 100,800
EBIT 1 43,562 35,087 32,579 40,050 32,894 39,740 44,112 50,750
Net income 1 26,487 23,008 23,220 25,309 30,977 27,221 30,013 31,000
Net Debt 1 86,667 134,075 151,126 177,419 180,340 207,945 204,178 225,557
Reference price 2 3,545.00 3,450.00 3,814.00 3,808.00 4,795.00 5,747.00 5,747.00 5,747.00
Nbr of stocks (in thousands) 65,239 65,163 64,914 62,934 57,226 60,139 - -
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.($)
22.16x4.1x11.12x1.72% 80.23B
16.64x0.9x7.68x4.78% 47.11B
67.35x11.03x46.41x0.82% 17.08B
15.35x0.98x7.26x2.42% 15.55B
13.95x0.76x5.3x2.78% 9.8B
16.18x0.69x7.9x3.29% 9.28B
37.42x4.86x21.45x0.35% 8.7B
53.6x - - 0.56% 8.4B
28.63x1.48x7.95x2.44% 7.73B
Average 30.14x 3.10x 14.38x 2.13% 22.65B
Weighted average by Cap. 25.68x 3.29x 12.96x 2.45%

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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  5. Valuation Kaneka Corporation