Company Valuation: Adeka Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 278,533 231,588 329,268 273,567 354,519 415,057 - -
Change - -16.85% 42.18% -16.92% 29.59% 17.08% - -
Enterprise Value (EV) 1 247,842 201,823 301,376 221,994 311,436 370,124 356,691 344,724
Change - -18.57% 49.33% -26.34% 40.29% 18.84% -3.63% -3.35%
P/E 11.7x 13.8x 14.3x 11x 13x 14.4x 13.5x 12.6x
PBR 1.11x 0.89x 1.15x 0.92x 1.13x 1.28x 1.22x 1.15x
PEG - -0.5x 0.4x 1.2x 1x 2.19x 1.86x 1.82x
Capitalization / Revenue 0.77x 0.57x 0.82x 0.67x 0.85x 0.93x 0.9x 0.87x
EV / Revenue 0.68x 0.5x 0.75x 0.55x 0.75x 0.83x 0.78x 0.72x
EV / EBITDA 4.9x 4.17x 5.74x 3.79x 5.15x 5.48x 5.09x 4.58x
EV / EBIT 7.1x 6.24x 8.51x 5.41x 7.49x 8.12x 7.33x 6.69x
EV / FCF 24.7x -89x 16x 8.06x 16.4x 19x 13x 10.7x
FCF Yield 4.05% -1.12% 6.27% 12.4% 6.08% 5.27% 7.67% 9.39%
Dividend per Share 2 70 70 90 100 112 122.2 127.7 135.5
Rate of return 2.59% 3.1% 2.79% 3.72% 3.1% 2.86% 2.98% 3.17%
EPS 2 230.2 163.3 224.9 245.6 278 296.2 317.8 339.7
Distribution rate 30.4% 42.9% 40% 40.7% 40.3% 41.2% 40.2% 39.9%
Net sales 1 363,034 403,343 399,770 407,100 416,500 446,891 460,133 476,375
EBITDA 1 50,547 48,372 52,493 58,565 60,449 67,533 70,020 75,333
EBIT 1 34,927 32,369 35,428 41,000 41,600 45,580 48,667 51,525
Net income 1 23,744 16,778 22,977 25,019 27,866 29,320 31,400 33,075
Net Debt 1 -30,691 -29,765 -27,892 -51,573 -43,083 -44,933 -58,367 -70,333
Reference price 2 2,704.00 2,258.00 3,224.00 2,689.00 3,610.00 4,280.00 4,280.00 4,280.00
Nbr of stocks (in thousands) 103,008 102,564 102,130 101,736 98,205 96,976 - -
Announcement Date 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.($)
14.01x0.8x5.29x2.95% 2.5B
28.97x4.44x14.33x1.95% 131B
20.74x5.37x30.61x3.07% 48.98B
55.04x1.32x8.2x6.15% 41.35B
11.89x1.16x6.58x2.53% 31.62B
9.51x2.79x6.91x4.68% 21.99B
25.3x - - 1.57% 21.79B
34.41x2.72x15.38x0.37% 20.18B
19.09x2.79x11.24x0.62% 18.04B
10.98x0.93x8.24x3.61% 18.34B
Average 22.99x 2.48x 11.87x 2.75% 35.56B
Weighted average by Cap. 26.69x 3.36x 14.23x 2.73%

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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