Company Valuation: CKD Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 125,624 143,387 201,213 134,881 285,312 364,913 - -
Change - 14.14% 40.33% -32.97% 111.53% 27.9% - -
Enterprise Value (EV) 1 109,006 133,444 210,439 135,349 277,075 349,451 343,661 332,601
Change - 22.42% 57.7% -35.68% 104.71% 26.12% -1.66% -3.22%
P/E 10x 9.7x 24.1x 9.98x 21x 18x 15x 13.2x
PBR 1.15x 1.2x 1.56x 0.99x 1.86x 2.22x 2.04x 1.88x
PEG - 0.6x -0.6x 0.2x 56.69x 0.4x 0.8x 1x
Capitalization / Revenue 0.88x 0.9x 1.5x 0.87x 1.81x 1.83x 1.66x 1.58x
EV / Revenue 0.77x 0.84x 1.57x 0.87x 1.75x 1.75x 1.56x 1.44x
EV / EBITDA 4.58x 4.8x 10.6x 5.29x 10.4x 9.25x 7.97x 7.25x
EV / EBIT 6.1x 6.3x 16x 7.12x 14.1x 11.4x 9.39x 8.39x
EV / FCF 28.6x -76.6x -16.7x 10.3x 23.1x 35.1x 19.5x 17.6x
FCF Yield 3.49% -1.31% -6% 9.69% 4.33% 2.85% 5.12% 5.69%
Dividend per Share 2 67 89 50 80 81 123.1 142 158.1
Rate of return 3.55% 4.14% 1.66% 3.96% 1.9% 2.25% 2.6% 2.9%
EPS 2 188.6 221.8 124.9 202.5 203.2 302.8 363.3 412.3
Distribution rate 35.5% 40.1% 40% 39.5% 39.9% 40.7% 39.1% 38.3%
Net sales 1 142,199 159,457 134,425 155,634 157,886 199,410 220,113 230,762
EBITDA 1 23,789 27,796 19,928 25,586 26,633 37,778 43,118 45,849
EBIT 1 17,879 21,170 13,113 19,018 19,640 30,617 36,603 39,638
Net income 1 12,567 14,788 8,338 13,520 13,578 21,234 25,040 27,214
Net Debt 1 -16,618 -9,943 9,226 468 -8,237 -15,463 -21,253 -32,312
Reference price 2 1,885.00 2,150.00 3,015.00 2,020.00 4,270.00 5,460.00 5,460.00 5,460.00
Nbr of stocks (in thousands) 66,644 66,692 66,737 66,773 66,818 66,834 - -
Announcement Date 5/13/22 5/12/23 5/10/24 5/13/25 5/15/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
17.67x1.72x9.06x2.3% 2.27B
31.02x5.4x19.55x0.83% 122B
34.67x5.45x20.65x1.55% 96.9B
42.25x8.56x25.06x-.--% 61.4B
26.92x3.08x17.81x0.77% 58.81B
39.58x6.16x27.17x1.96% 57.33B
26.77x4.92x17.21x2.25% 34.98B
30.18x4.03x15.22x0.11% 29.67B
20.39x1.74x12.55x2.3% 29.67B
20.22x3.48x11.13x1.51% 28.14B
Average 28.97x 4.45x 17.54x 1.36% 52.16B
Weighted average by Cap. 31.92x 5.17x 19.74x 1.17%

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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