Company Valuation: Daicel Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 241,595 285,636 417,587 344,009 314,941 373,640 - -
Change - 18.23% 46.2% -17.62% -8.45% 18.64% - -
Enterprise Value (EV) 1 431,569 509,628 644,194 559,786 550,381 620,600 635,841 641,192
Change - 18.09% 26.4% -13.1% -1.68% 12.76% 2.46% 0.84%
P/E 7.85x 7.2x 7.66x 7.15x 31.6x 11.4x 10.1x 8.43x
PBR 0.89x 0.97x 1.16x 0.96x 0.88x 0.99x 0.95x 0.89x
PEG - 0.2x 0.2x -0.88x -0.4x 0x 0.8x 0.4x
Capitalization / Revenue 0.52x 0.53x 0.75x 0.59x 0.54x 0.61x 0.59x 0.56x
EV / Revenue 0.92x 0.95x 1.15x 0.95x 0.95x 1.02x 1.01x 0.96x
EV / EBITDA 5.47x 6.44x 6.71x 5.47x 6.44x 6.79x 6.56x 5.9x
EV / EBIT 8.51x 10.7x 10.3x 9.18x 13.1x 14.2x 13.3x 11.5x
EV / FCF -122x -17.3x -884x 23.4x 27.3x 24.2x 21.7x 24x
FCF Yield -0.82% -5.78% -0.11% 4.28% 3.66% 4.13% 4.62% 4.17%
Dividend per Share 2 34 38 50 60 60 69.5 75.75 81.57
Rate of return 4.16% 3.8% 3.3% 4.62% 4.9% 4.75% 5.18% 5.58%
EPS 2 104.1 138.9 197.6 181.4 38.75 128.1 144.7 173.6
Distribution rate 32.6% 27.4% 25.3% 33.1% 155% 54.3% 52.4% 47%
Net sales 1 467,937 538,026 558,056 586,531 579,629 610,062 631,650 665,186
EBITDA 1 78,892 79,083 96,037 102,400 85,412 91,375 96,888 108,733
EBIT 1 50,697 47,508 62,393 61,011 42,069 43,757 47,975 55,786
Net income 1 31,254 40,682 55,834 49,480 10,180 32,425 36,112 42,400
Net Debt 1 189,974 223,992 226,607 215,777 235,440 246,960 262,201 267,552
Reference price 2 817.00 1,000.00 1,514.00 1,297.50 1,225.50 1,463.00 1,463.00 1,463.00
Nbr of stocks (in thousands) 295,709 285,636 275,817 265,132 256,990 255,393 - -
Announcement Date 5/11/22 5/11/23 5/9/24 5/13/25 5/12/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.42x1.02x6.79x4.75% 2.36B
27.45x4.31x13.89x2.09% 127B
14.56x4.71x30.92x2.43% 43.85B
34.39x1.21x7.5x6.73% 40.39B
12.72x1.23x6.98x2.4% 34.76B
10.56x3.13x8.01x4.17% 25.28B
18.27x - - - 20.17B
27.82x2.45x12.94x0.43% 17.94B
8.91x0.86x5.29x4.49% 19.85B
10.83x0.93x8.19x3.24% 18.19B
Average 17.69x 2.21x 11.17x 3.41% 34.98B
Weighted average by Cap. 21.42x 3.05x 13.26x 3.03%

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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