Company Valuation: Adeka Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 278,533 231,588 329,268 273,567 354,519 457,630 - -
Change - -16.85% 42.18% -16.92% 29.59% 29.08% - -
Enterprise Value (EV) 1 247,842 201,823 301,376 221,994 311,436 412,696 399,263 387,296
Change - -18.57% 49.33% -26.34% 40.29% 32.51% -3.26% -3%
P/E 11.7x 13.8x 14.3x 11x 13x 15.8x 14.9x 13.9x
PBR 1.11x 0.89x 1.15x 0.92x 1.13x 1.42x 1.35x 1.27x
PEG - -0.5x 0.4x 1.2x 1x 2.1x 2.44x 1.95x
Capitalization / Revenue 0.77x 0.57x 0.82x 0.67x 0.85x 1.03x 0.99x 0.96x
EV / Revenue 0.68x 0.5x 0.75x 0.55x 0.75x 0.92x 0.87x 0.81x
EV / EBITDA 4.9x 4.17x 5.74x 3.79x 5.15x 6.11x 5.7x 5.14x
EV / EBIT 7.1x 6.24x 8.51x 5.41x 7.49x 9.14x 8.22x 7.52x
EV / FCF 24.7x -89x 16x 8.06x 16.4x 21.2x 14.6x 12x
FCF Yield 4.05% -1.12% 6.27% 12.4% 6.08% 4.73% 6.85% 8.36%
Dividend per Share 2 70 70 90 100 112 122.2 127.3 135.5
Rate of return 2.59% 3.1% 2.79% 3.72% 3.1% 2.59% 2.7% 2.87%
EPS 2 230.2 163.3 224.9 245.6 278 298.9 317.1 339.7
Distribution rate 30.4% 42.9% 40% 40.7% 40.3% 40.9% 40.1% 39.9%
Net sales 1 363,034 403,343 399,770 407,100 416,500 446,396 461,546 476,375
EBITDA 1 50,547 48,372 52,493 58,565 60,449 67,533 70,040 75,333
EBIT 1 34,927 32,369 35,428 41,000 41,600 45,143 48,586 51,525
Net income 1 23,744 16,778 22,977 25,019 27,866 29,350 31,583 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 4,719.00 4,719.00 4,719.00
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.97x0.94x6.19x2.56% 2.91B
26.99x4.26x13.69x2.13% 125B
13.92x4.97x32.6x2.94% 46.48B
33.77x1.33x8.69x6.58% 39.66B
12.74x1.23x6.98x2.4% 34.84B
10.55x3.13x7.99x4.18% 25.27B
31.96x2.78x15.08x0.37% 20.5B
9.11x0.87x5.39x4.39% 20.29B
17.08x - - - 18.82B
18.39x0.78x6.29x1.19% 18.54B
Average 19.05x 2.25x 11.43x 2.97% 35.24B
Weighted average by Cap. 21.63x 3.09x 13.70x 2.93%

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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