Company Valuation: Adeka Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 224,316 278,533 231,588 329,268 273,567 399,444 - -
Change - 24.17% -16.85% 42.18% -16.92% 46.01% - -
Enterprise Value (EV) 1 195,536 247,842 201,823 301,376 221,994 311,436 355,344 342,794
Change - 26.75% -18.57% 49.33% -26.34% 40.29% -1.17% -3.53%
P/E 13.7x 11.7x 13.8x 14.3x 11x 13x 13.8x 12.7x
PBR 0.98x 1.11x 0.89x 1.15x 0.92x 1.13x 1.24x 1.18x
PEG - 0.3x -0.5x 0.4x 1.2x 1x 0.9x 1.45x
Capitalization / Revenue 0.69x 0.77x 0.57x 0.82x 0.67x 0.85x 0.89x 0.86x
EV / Revenue 0.6x 0.68x 0.5x 0.75x 0.55x 0.75x 0.79x 0.74x
EV / EBITDA 4.44x 4.9x 4.17x 5.74x 3.79x 5.15x 5.32x 4.89x
EV / EBIT 6.75x 7.1x 6.24x 8.51x 5.41x 7.49x 7.64x 6.86x
EV / FCF 8.67x 24.7x -89x 16x 8.06x 16.4x 20.9x 13.1x
FCF Yield 11.5% 4.05% -1.12% 6.27% 12.4% 6.08% 4.79% 7.64%
Dividend per Share 2 48 70 70 90 100 112 123 130.3
Rate of return 2.21% 2.59% 3.1% 2.79% 3.72% 3.1% 2.99% 3.16%
EPS 2 159 230.2 163.3 224.9 245.6 278 298.9 325
Distribution rate 30.2% 30.4% 42.9% 40% 40.7% 40.3% 41.2% 40.1%
Net sales 1 327,080 363,034 403,343 399,770 407,100 416,500 447,941 463,467
EBITDA 1 44,048 50,547 48,372 52,493 58,565 60,449 66,800 70,040
EBIT 1 28,979 34,927 32,369 35,428 41,000 41,600 46,540 50,000
Net income 1 16,419 23,744 16,778 22,977 25,019 27,866 29,320 31,860
Net Debt 1 -28,780 -30,691 -29,765 -27,892 -51,573 -43,083 -44,100 -56,650
Reference price 2 2,172.00 2,704.00 2,258.00 3,224.00 2,689.00 4,119.00 4,119.00 4,119.00
Nbr of stocks (in thousands) 103,276 103,008 102,564 102,130 101,736 96,976 - -
Announcement Date 5/13/21 5/13/22 5/12/23 5/14/24 5/14/25 5/14/26 - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.88x0.86x5.92x2.54% 2.48B
26.92x4.15x13.4x2.1% 122B
53.55x1.39x8.57x5.87% 43.32B
11.66x1.16x6.5x2.62% 31.98B
15.96x3.88x22.82x3.15% 34.88B
10.01x2.91x7.21x4.47% 23.14B
35.58x2.78x15.78x0.36% 20.76B
20.69x3.18x12.16x0.58% 19.87B
5.98x0.82x5.06x4.6% 19.39B
20.36x - - 1.95% 17.62B
Average 21.66x 2.35x 10.82x 2.82% 33.52B
Weighted average by Cap. 25.13x 2.97x 12.14x 2.85%

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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  4. Valuation Adeka Corporation
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