Company Valuation: Kaneka Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 231,272 224,812 247,581 239,651 274,397 351,485 - -
Change - -2.79% 10.13% -3.2% 14.5% 28.09% - -
Enterprise Value (EV) 1 317,939 358,887 398,707 417,070 454,737 559,431 555,664 577,043
Change - 12.88% 11.1% 4.61% 9.03% 23.02% -0.67% 3.85%
P/E 8.73x 9.87x 10.7x 9.5x 9.57x 12.4x 11.6x 10.5x
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 -2.02x 1.62x 1x
Capitalization / Revenue 0.33x 0.3x 0.32x 0.3x 0.34x 0.41x 0.4x 0.39x
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 6.39x 5.96x 5.73x
EV / EBIT 7.3x 10.2x 12.2x 10.4x 13.8x 14.2x 12.7x 11.4x
EV / FCF -57.9x -27.1x 127x - 18.9x 56.2x 44.9x 78.5x
FCF Yield -1.73% -3.69% 0.79% - 5.28% 1.78% 2.23% 1.27%
Dividend per Share 2 110 110 110 130 160 190 195 216.7
Rate of return 3.1% 3.19% 2.88% 3.41% 3.34% 3.25% 3.34% 3.71%
EPS 2 406 349.6 357.9 400.9 501.3 470.5 504.2 558.4
Distribution rate 27.1% 31.5% 30.7% 32.4% 31.9% 40.4% 38.7% 38.8%
Net sales 1 691,530 755,821 762,302 807,200 811,638 855,467 875,317 912,500
EBITDA 1 81,515 74,543 73,358 83,987 80,321 87,517 93,300 100,767
EBIT 1 43,562 35,087 32,579 40,050 32,894 39,450 43,883 50,500
Net income 1 26,487 23,008 23,220 25,309 30,977 28,014 29,358 31,167
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 5,841.00 5,841.00 5,841.00
Nbr of stocks (in thousands) 65,239 65,163 64,914 62,934 57,226 60,176 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
12.41x0.65x6.39x3.25% 2.15B
21.78x4.01x11.23x1.86% 76.13B
14.33x0.91x7.75x4.71% 47.62B
59.7x9.19x40.94x0.95% 16.6B
15.25x0.97x7.15x2.44% 15.18B
14.1x0.77x5.33x2.69% 9.87B
16.59x0.71x8.04x3.11% 9.71B
30.51x1.57x8.37x2.28% 8.25B
33.04x4.52x19.24x0.34% 8.19B
5.7x0.72x3.4x-.--% 7.66B
Average 22.34x 2.40x 11.78x 2.16% 20.14B
Weighted average by Cap. 22.13x 2.92x 11.97x 2.5%

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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