Company Valuation: CMC Corporation

Data adjusted to current consolidation scope
Fiscal Period: September 2020 2021 2022 2023 2024 2025
Market Cap 1 13,581 17,821 15,644 18,801 15,789 22,250
Change - 31.22% -12.22% 20.18% -16.02% 40.92%
Enterprise Value (EV) 1 4,291 7,905 4,211 5,652 3,766 9,347
Change - 84.2% -46.74% 34.23% -33.36% 148.16%
P/E 10.1x 11.3x 7.85x 10.7x 7.6x 10.4x
PBR 0.89x 1.12x 0.9x 0.99x 0.77x 1.03x
PEG - 0.5x 0.3x -0.9x 0.4x 2.19x
Capitalization / Revenue 0.8x 1.03x 0.87x 1.02x 0.81x 1.22x
EV / Revenue 0.25x 0.46x 0.24x 0.31x 0.19x 0.51x
EV / EBITDA 1.94x 2.98x 1.45x 1.95x 1.14x 3.04x
EV / EBIT 2.36x 3.47x 1.63x 2.16x 1.27x 3.47x
EV / FCF 5.04x 5.04x 2.88x 2.16x -5.13x 5.48x
FCF Yield 19.8% 19.8% 34.8% 46.3% -19.5% 18.3%
Dividend per Share 2 24 27 27 38 44 52
Rate of return 2.46% 2.01% 2.28% 2.68% 3.7% 3.04%
EPS 2 96.59 118.9 150.5 132.9 156.6 164.1
Distribution rate 24.8% 22.7% 17.9% 28.6% 28.1% 31.7%
Net sales 1 17,071 17,331 17,917 18,451 19,523 18,256
EBITDA 1 2,215 2,651 2,896 2,892 3,305 3,071
EBIT 1 1,819 2,278 2,590 2,618 2,975 2,695
Net income 1 1,354 1,618 2,003 1,762 2,078 2,149
Net Debt 1 -9,290 -9,916 -11,433 -13,149 -12,023 -12,903
Reference price 2 977.50 1,340.00 1,182.00 1,418.00 1,190.00 1,712.00
Nbr of stocks (in thousands) 13,894 13,299 13,235 13,259 13,268 12,997
Announcement Date 12/25/20 12/24/21 12/23/22 12/22/23 12/20/24 12/12/25
1JPY in Million2JPY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 152M
25.75x-0.15x-1.34x6.93% 79.94M
Average 25.75x -0.15x -1.34x 6.93% 116.01M
Weighted average by Cap. 25.75x -0.15x -1.34x 6.93%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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