Company Valuation: Kao Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,852,283 2,442,686 2,696,205 2,967,136 2,831,960 3,387,414 - -
Change - -14.36% 10.38% 10.05% -4.56% 19.61% - -
Enterprise Value (EV) 1 2,643,951 2,302,274 2,543,022 2,740,482 2,751,820 3,198,213 3,161,240 3,115,518
Change - -12.92% 10.46% 7.76% 0.41% 16.22% -1.16% -1.45%
P/E 26.1x 28.7x 61.5x 27.5x 24.1x 24.2x 22.4x 20.6x
PBR 2.96x 2.51x 2.74x 2.78x 2.66x 3.01x 2.84x 2.66x
PEG - -1.4x -1.3x 0x 2x 1.3x 2.73x 2.36x
Capitalization / Revenue 2.01x 1.57x 1.76x 1.82x 1.68x 1.88x 1.81x 1.75x
EV / Revenue 1.86x 1.48x 1.66x 1.68x 1.63x 1.77x 1.69x 1.61x
EV / EBITDA 11.5x 11.5x 17x 11.7x 11x 11.3x 10.6x 9.87x
EV / EBIT 18.4x 20.9x 42.4x 18.7x 16.8x 16.6x 15.3x 13.9x
EV / FCF 24.4x - 23.3x 25.4x 27.9x 24.4x 22.1x 20.1x
FCF Yield 4.1% - 4.3% 3.94% 3.58% 4.1% 4.53% 4.98%
Dividend per Share 2 72 74 75 76 77 78.12 79.73 81.88
Rate of return 2.39% 2.82% 2.59% 2.38% 2.46% 2.09% 2.13% 2.19%
EPS 2 115.3 91.64 47.18 116 130.2 154.6 167.3 181.9
Distribution rate 62.4% 80.8% 159% 65.5% 59.2% 50.5% 47.7% 45%
Net sales 1 1,418,768 1,551,059 1,532,579 1,628,448 1,688,633 1,805,641 1,870,221 1,938,297
EBITDA 1 230,851 199,809 149,630 235,066 249,910 283,522 297,696 315,658
EBIT 1 143,510 110,071 60,035 146,644 164,069 192,238 206,131 223,541
Net income 1 109,636 86,038 43,870 107,767 120,081 138,523 148,789 160,709
Net Debt 1 -208,332 -140,412 -153,183 -226,654 -80,140 -189,201 -226,174 -271,896
Reference price 2 3,009.50 2,627.50 2,900.00 3,194.00 3,130.50 3,744.00 3,744.00 3,744.00
Nbr of stocks (in thousands) 947,760 929,661 929,726 928,972 904,635 904,758 - -
Announcement Date 2/3/22 2/2/23 2/7/24 2/6/25 2/5/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.22x1.77x11.28x2.09% 21.46B
23.39x4.4x16.16x2.77% 369B
32.8x4.98x20.65x1.8% 255B
19.47x2.89x12.76x3.24% 140B
25.42x3.74x15.74x2.34% 73.48B
57.75x8.28x31.91x0.26% 52.06B
37.7x6.07x26.38x2.48% 44.97B
37.14x2.78x15.46x1.43% 39.2B
20.47x2.85x11.88x4.34% 37.32B
18.6x2.49x11.53x4.72% 36.28B
Average 29.70x 4.02x 17.37x 2.55% 106.91B
Weighted average by Cap. 27.79x 4.32x 17.52x 2.5%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Kao Corporation

Historical PBR trend

Valuation ratios - PBR - Kao Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Kao Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Kao Corporation


Year-on-year evolution of the Yield

Valuation ratios - Yield - Kao Corporation
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