Company Valuation: NOF Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 481,197 413,070 499,336 498,345 474,805 687,353 - -
Change - -14.16% 20.88% -0.2% -4.72% 44.77% - -
Enterprise Value (EV) 1 412,472 333,269 411,659 411,766 392,055 606,153 675,327 599,953
Change - -19.2% 23.52% 0.03% -4.79% 54.61% 11.41% -11.16%
P/E ratio 20.6x 15.5x 14.8x 14.8x 13.1x 18.4x 16.7x 15x
PBR 2.36x 1.87x 2.08x 1.88x 1.69x 2.37x 2.19x 1.99x
PEG - 1x 0.5x 9.51x 1.46x 3.86x 1.6x 1.3x
Capitalization / Revenue 2.79x 2.14x 2.29x 2.24x 1.99x 2.72x 2.49x 2.19x
EV / Revenue 2.39x 1.73x 1.89x 1.85x 1.65x 2.4x 2.45x 1.91x
EV / EBITDA 12.8x 8.03x 8.76x 8.39x 7.36x 10.5x 9.69x 6.96x
EV / EBIT 15.5x 9.36x 10.1x 9.77x 8.65x 12.7x 13x 10.8x
EV / FCF 18.5x 17.9x 18.2x 36.5x 37x 29.1x 33.7x 30.1x
FCF Yield 5.4% 5.59% 5.5% 2.74% 2.7% 3.44% 2.97% 3.32%
Dividend per Share 2 26.67 30 36 38 45 47.67 53 60
Rate of return 1.38% 1.79% 1.75% 1.82% 2.23% 1.61% 1.78% 2.02%
EPS 2 93.5 107.9 139 141.2 153.9 161.2 178.1 198.5
Distribution rate 28.5% 27.8% 25.9% 26.9% 29.2% 29.6% 29.8% 30.2%
Net sales 1 172,645 192,642 217,709 222,252 238,310 253,033 275,967 314,050
EBITDA 1 32,155 41,504 46,983 49,081 53,273 57,600 69,700 86,250
EBIT 1 26,602 35,595 40,624 42,142 45,308 47,600 51,833 55,550
Net income 1 23,302 26,690 33,973 33,990 36,497 37,133 39,967 43,450
Net Debt 1 -68,725 -79,801 -87,677 -86,579 -82,750 -81,200 -12,026 -87,400
Reference price 2 1,930.00 1,673.33 2,056.67 2,085.50 2,020.00 2,969.50 2,969.50 2,969.50
Nbr of stocks (in thousands) 249,325 246,855 242,789 238,957 235,052 231,471 - -
Announcement Date 12/05/21 11/05/22 11/05/23 09/05/24 09/05/25 - - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.29x2.38x10.44x1.62% 4.59B
26.81x4x13.13x2% 116B
-1276.72x22.87x171.6x0.34% 51.26B
37.67x1.21x9.05x6.21% 44.39B
12.98x1.24x7.54x2.4% 24.05B
20.35x0.98x9.84x8.54% 20.34B
9.21x2.74x7.09x4.79% 15.95B
79.45x - - 0.07% 15.93B
11.63x0.89x8.25x3.94% 13.61B
100.28x5.16x21.09x - 12.51B
Average -96.01x 4.61x 28.67x 3.32% 31.89B
Weighted average by Cap. -178.78x 6.18x 38.43x 2.92%
See all sector valuations

Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation NOF Corporation