ASAHI KASEI CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,071 JPY | +0.71% |
|
-2.72% | +3.08% |
Valuation
| Fiscal Period: Maart | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,594,391 | 1,061,155 | 1,768,418 | 1,473,999 | 1,283,917 | 1,484,593 | - | - |
| Enterprise Value (EV) 1 | 1,825,372 | 1,561,553 | 2,210,415 | 2,006,573 | 2,007,484 | 1,541,426 | 2,050,505 | 2,078,523 |
| P/E ratio | 10.8 x | 10.2 x | 22.2 x | 9.11 x | -14.1 x | 35.2 x | 13 x | 11.7 x |
| Yield | 2.98% | 4.45% | 2.67% | 3.2% | 3.89% | 3.24% | 3.39% | 3.51% |
| Capitalization / Revenue | 0.73 x | 0.49 x | 0.84 x | 0.6 x | 0.47 x | 0.55 x | 0.51 x | 0.49 x |
| EV / Revenue | 0.84 x | 0.73 x | 1.05 x | 0.82 x | 0.74 x | 0.55 x | 0.7 x | 0.69 x |
| EV / EBITDA | 5.82 x | 5.28 x | 7.89 x | 5.72 x | 6.58 x | 7.49 x | 6.24 x | 5.91 x |
| EV / FCF | 24.1 x | -52.6 x | 22.1 x | -53.2 x | -16.4 x | -72.5 x | 32.1 x | 21.7 x |
| FCF Yield | 4.16% | -1.9% | 4.52% | -1.88% | -6.12% | -1.38% | 3.12% | 4.62% |
| Price to Book | 1.15 x | 0.78 x | 1.21 x | 0.87 x | 0.77 x | 0.85 x | 0.77 x | 0.76 x |
| Nbr of stocks (in thousands) | 1,396,139 | 1,387,493 | 1,387,539 | 1,387,294 | 1,386,070 | 1,386,174 | - | - |
| Reference price 2 | 1,142 | 764.8 | 1,274 | 1,062 | 926.3 | 1,064 | 1,064 | 1,064 |
| Announcement Date | 5/10/19 | 5/12/20 | 5/13/21 | 5/13/22 | 5/10/23 | 5/9/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Maart | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,170,403 | 2,151,646 | 2,106,100 | 2,461,317 | 2,726,485 | 2,784,878 | 2,920,286 | 3,000,712 |
| EBITDA 1 | 313,474 | 295,489 | 280,200 | 350,776 | 305,003 | 286,958 | 328,475 | 351,897 |
| EBIT 1 | 209,587 | 177,264 | 171,800 | 202,647 | 128,352 | 140,746 | 173,429 | 188,208 |
| Operating Margin | 9.66% | 8.24% | 8.16% | 8.23% | 4.71% | 5.05% | 5.94% | 6.27% |
| Earnings before Tax (EBT) 1 | 210,397 | 155,934 | 150,900 | 215,121 | -61,906 | 28,843 | 172,140 | 187,150 |
| Net income 1 | 147,512 | 103,931 | 79,800 | 161,880 | -91,312 | 43,806 | 113,219 | 125,760 |
| Net margin | 6.8% | 4.83% | 3.79% | 6.58% | -3.35% | 1.57% | 3.88% | 4.19% |
| EPS 2 | 105.7 | 74.85 | 57.49 | 116.7 | -65.84 | 31.60 | 81.62 | 90.67 |
| Free Cash Flow 1 | 75,856 | -29,662 | 100,020 | -37,748 | -122,780 | -29,650 | 63,950 | 95,950 |
| FCF margin | 3.5% | -1.38% | 4.75% | -1.53% | -4.5% | -1.07% | 2.19% | 3.2% |
| FCF Conversion (EBITDA) | 24.2% | - | 35.7% | - | - | - | 19.47% | 27.27% |
| FCF Conversion (Net income) | 51.42% | - | 125.34% | - | - | - | 56.48% | 76.3% |
| Dividend per Share 2 | 34.00 | 34.00 | 34.00 | 34.00 | 36.00 | 36.00 | 36.00 | 37.33 |
| Announcement Date | 5/10/19 | 5/12/20 | 5/13/21 | 5/13/22 | 5/10/23 | 5/9/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,068,642 | 1,083,004 | 989,387 | 1,116,700 | 597,567 | 1,181,000 | 643,702 | 636,566 | 1,280,268 | 670,441 | 680,790 | 1,351,231 | 689,186 | 686,068 | 1,375,254 | 650,739 | 695,160 | 1,345,900 | 718,222 | 720,756 | 1,438,978 | 701,867 | 726,900 | 746,100 | 757,167 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 101,694 | 75,570 | 76,769 | 95,000 | 52,590 | 113,100 | 60,912 | 28,591 | 89,503 | 49,361 | 36,447 | 85,808 | 30,514 | 12,030 | 42,544 | 21,791 | 34,109 | 55,900 | 42,612 | 42,234 | 84,846 | 38,467 | 43,333 | 47,433 | 45,333 |
| Operating Margin | 9.52% | 6.98% | 7.76% | 8.51% | 8.8% | 9.58% | 9.46% | 4.49% | 6.99% | 7.36% | 5.35% | 6.35% | 4.43% | 1.75% | 3.09% | 3.35% | 4.91% | 4.15% | 5.93% | 5.86% | 5.9% | 5.48% | 5.96% | 6.36% | 5.99% |
| Earnings before Tax (EBT) | 110,816 | - | 71,429 | - | - | 119,198 | 66,604 | 29,319 | - | 49,596 | 31,129 | 80,725 | 22,309 | - | - | 18,981 | - | 53,967 | 41,054 | - | - | - | - | - | - |
| Net income 1 | 77,863 | 26,068 | 46,781 | 33,019 | 44,872 | 91,300 | 49,372 | 21,218 | - | 29,831 | 21,889 | 51,720 | 14,323 | -157,355 | -143,032 | 9,591 | 21,209 | 30,800 | 27,724 | -14,718 | 13,006 | 25,500 | 29,650 | 33,000 | 33,750 |
| Net margin | 7.29% | 2.41% | 4.73% | 2.96% | 7.51% | 7.73% | 7.67% | 3.33% | - | 4.45% | 3.22% | 3.83% | 2.08% | -22.94% | -10.4% | 1.47% | 3.05% | 2.29% | 3.86% | -2.04% | 0.9% | 3.63% | 4.08% | 4.42% | 4.46% |
| EPS 2 | 56.03 | - | 33.72 | - | 32.33 | 65.79 | 35.59 | 15.30 | - | 21.50 | 15.78 | 37.28 | 10.33 | -113.4 | - | 6.920 | 15.33 | 22.25 | 20.00 | -10.65 | - | 17.02 | 20.15 | 22.68 | 20.41 |
| Dividend per Share 2 | 18.00 | - | 17.00 | - | 17.00 | 17.00 | - | 17.00 | - | - | 18.00 | 18.00 | - | 18.00 | - | - | 18.00 | 18.00 | - | 18.00 | - | - | 18.00 | - | 18.00 |
| Announcement Date | 11/6/19 | 5/12/20 | 11/6/20 | 5/13/21 | 11/5/21 | 11/5/21 | 2/9/22 | 5/13/22 | 5/13/22 | 8/4/22 | 11/9/22 | 11/9/22 | 2/8/23 | 5/10/23 | 5/10/23 | 8/3/23 | 11/7/23 | 11/7/23 | 2/7/24 | 5/9/24 | 5/9/24 | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 230,981 | 500,398 | 441,997 | 532,574 | 723,567 | 664,553 | 565,913 | 593,930 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.7368 x | 1.693 x | 1.577 x | 1.518 x | 2.372 x | 2.316 x | 1.723 x | 1.688 x |
| Free Cash Flow 1 | 75,856 | -29,662 | 100,020 | -37,748 | -122,780 | -29,650 | 63,950 | 95,950 |
| ROE (net income / shareholders' equity) | 11.1% | 7.6% | 5.6% | 10.3% | -5.5% | 2.5% | 6.42% | 6.77% |
| ROA (Net income/ Total Assets) | 8.99% | 6.85% | 6.23% | 6.77% | 3.57% | 2.53% | 5.1% | 4.54% |
| Assets 1 | 1,640,023 | 1,517,434 | 1,281,230 | 2,392,494 | -2,555,848 | 1,729,835 | 2,219,976 | 2,771,272 |
| Book Value Per Share 2 | 990.0 | 980.0 | 1,058 | 1,216 | 1,198 | 1,308 | 1,382 | 1,405 |
| Cash Flow per Share 2 | 166.0 | 144.0 | 136.0 | 203.0 | 34.40 | 142.0 | 189.0 | 196.0 |
| Capex 1 | 136,206 | 154,122 | 153,656 | 167,009 | 174,873 | 183,712 | 236,600 | 216,600 |
| Capex / Sales | 6.28% | 7.16% | 7.3% | 6.79% | 6.41% | 6.6% | 8.1% | 7.22% |
| Announcement Date | 5/10/19 | 5/12/20 | 5/13/21 | 5/13/22 | 5/10/23 | 5/9/24 | - | - |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
1,064
JPY
Average target price
1,144
JPY
Spread / Average Target
+7.57%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +3.08% | 9.44B | |
| -1.98% | 74.28B | |
| +0.90% | 47.24B | |
| +2.40% | 32.98B | |
| +9.89% | 18.06B | |
| +12.58% | 11.88B | |
| +0.73% | 10.71B | |
| +6.27% | 8.21B | |
| -7.82% | 7.91B | |
| -4.99% | 6.39B |
- Stock Market
- Equities
- 3407 Stock
- Financials Asahi Kasei Corporation